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Rich Dad, Poor Dad, Robert Kyosaki
"What the rich teach their kids- that you can learn too."
What is the book about?
Rich Dad, Poor Dad introduces you to the basic principles of investing, explains why investing is so important, and explodes the myth that you need to earn a high income to become rich.
Who is this book written for?
If you have little or no financial education and want to learn the basic rules about investing, read this book!
Robert Kyosaki, a self-made millionaire, successful business owner and international best-selling author, teaches you about investing, by recounting the story of his financial education from two strong role models:
Poor Dad (his natural father), a well educated and highly paid government official.
Rich Dad (his best friend Mike's father), a high school dropout and successful businessman
Each Dad had a very different attitude and approach towards the subject of money. One ended up jobless and in debt, the other, one of the richest men in Hawaii.
Robert describes, how as a small boy, he made the decision to listen to his Rich Dad who surprisingly tasted him how to think, act and become rich.
"One dad had a habit of saying 'I can not afford it' the other 'how can I afford it' … One statement lets you off the hook, the other forces you to think"
Robert writes in a simple, non-assuming style without complicated words and financial jargon. Through amusing stories and simple diagrams he explains the six basic lessons his rich Dad taught him about money.
"Most of us learn about money from our parents, so what can poor parent tell their child about money? Stay in school and study hard? Schools focus on scholastic and professional skills but not on financial skills. accountants who earned excellent grades in school, struggle financially all of their lives "
I say:
Never read a book about investing? This should your first one.
I came across "Rich Dad, Poor Dad" completely by accident, in my local bank.
It immediately stuck out from the boring "money magazines" and after flicking through a few pages, I was so impressed (and surprised) a book about finance that could actually hold my attention, that I bought it and finished it in one sitting.
For anyone (like me) who parents never taught you about financial matters, I suggest you buy this IMMEDIATELY!
There are no definitive, practical instructions of how to get rich, but it will open your mind to the possibility. More importantly it will change the way you think about money forever.