Wealthy Wisdom: Lessons in Money Mastery for a New Generation
Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you
The book Rich Dad Poor Dad dispels the fallacy that you have to have a large income to be wealthy. It also questions the idea that your home is an asset. It explains to parents why they can't rely on the educational system to teach their children about money. It defines an asset and a liability definitively. teaches you the financial lessons your children should learn to succeed financially in the future.
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Economics and finance are called "the dull science" and usually are not pleasant reading. Robert Kiyosaki's Rich Dad, Poor Dad is a readable book that uses personal anecdotes to teach Kiyosaki's personal finance system: assets that generate passive income are ever-present if you have the financial knowledge and the personal drive (hustle) to find them, and that passive income is the difference between being rich and being poor. Kiyosaki discusses Rich Dad's financial simplified explanations, and how Kiyosaki used those concepts to shape a career allowing him to leverage other people's money, to acquire assets, and to retire early.
Kiyosaki's book is good because it presents financial concepts understandably and entertainingly, and it presents a call to action: Kiyosaki's method somewhat mirrors Wayne Gretsky's "You miss 100% of the shots you don't take." Simultaneously, Kiyosaki's anecdotes might be overly simplistic; the anecdotes depict Kiyosaki quickly skating in and out of deals with little monetary investment, earning big rewards for the few hours he devotes to each deal. My own experience includes unexpected complications that consume time and effort and reduce profitability: it's always something. Thus I value Kiyosaki's book as a call to financial action, but caveat emptor
Kiyosaki's book is good because it presents financial concepts understandably and entertainingly, and it presents a call to action: Kiyosaki's method somewhat mirrors Wayne Gretsky's "You miss 100% of the shots you don't take." Simultaneously, Kiyosaki's anecdotes might be overly simplistic; the anecdotes depict Kiyosaki quickly skating in and out of deals with little monetary investment, earning big rewards for the few hours he devotes to each deal. My own experience includes unexpected complications that consume time and effort and reduce profitability: it's always something. Thus I value Kiyosaki's book as a call to financial action, but caveat emptor