Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad, Poor Dad is a book where Robert Kiyosaki advocates the pursuit of financial independence. In this book, Robert Kiyosaki illustrated the differences of behaviors and mindsets between people of different economic classes, methods of automating a business, making it a phenomenon on personal finances.
The Rich Dad and the Poor Dad portrayed in the book, are nothing more than the father of Robert Kiyosaki’s best friend, and his biological father.
His biological father, portrayed as the Poor Dad, had a university degree, a doctorate and several other qualifications. The Rich Dad, was the father of his best friend, which had not even finished his high school.
Both fathers worked hard and were successful in their careers. The difference is that one died with a lot of debt (the Poor Dad), and the other died as one of the richest men in the Island of Hawaii (the Rich Dad).
Robert Kiyosaki learned a lot from both them. In this book, he criticizes several aspects of the society, such as the fact that we are only instructed on how to get a university degree and find a good job, but not on how we are supposed to manage our money, or how society condemns topics about money, while almost everybody works for it.
Robert Kiyosaki also defends the opinion that money should work for us and not the other way around, and that is the main idea conveyed all around the book.
The author believes that one of the key points to enable us to achieve financial freedom, is mastering the differences between assets, liabilities, expenses and income. And more important than that is knowing how to take effective actions, in order to develop a virtuous cycle of investments.
Where to buy the book: Amazon
Question: What is your best tip on personal finances?
Leave your answer in the comments area below!