Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

April of 2022 marks a 25-year milestone for the personal finance classic Rich Dad Poor Dad that still ranks as the #1 Personal Finance book of all time. And although 25 years have passed since Rich Dad Poor Dad was first published,
readers will find that very little in the book itself has changed -- and for
good reason. While so much in our world is changing a high speed, the lessons about money and the principles of Rich Dad Poor Dad haven't changed. Today, as money continues to play a key role in our daily lives, the messages in Robert Kiyosaki's international bestseller are more timely and more important than ever.

Milestones

While there is a milestone to commemorate -- and a new section in the book on Why Milestones Are Important
-- preserving the integrity of the original content is testimony to the fact
that this book has truly stood the test of time. The sidebars throughout the
book (that were updated for the 20-year anniversary edition) have been updated again, but the core principles that parents and grandparents -- those who
embraced Robert's story and messages 25 years ago -- are sharing them with new
generations who have found that its timeless wisdom and no-nonsense lessons can
be applied to anyone's life and their vision for a future that includes taking
control of their finances.

People of all cultures and countries celebrate milestones. We use them to measure time, mark progress, reflect on the lessons we've learned, and
celebrate accomplishments... and they give meaning to our life's journey. They
are a way that we integrate past, present, and future... looking back at where we
started, where we are today... and the promise of all that the future can hold.

In the quarter century that has passed since Rich Dad Poor Dad was
first published -- 25 years since April 8, 1997 -- so many things in our world
have changed. But the one thing that has not changed is the pressing need for
and the power of financial education. Money is still a mainstay of our lives,
like it or not, and technology has brought both speed and innovations to the
world of money. In an ever-changing world, we can all still get smarter when it
comes to money... and learn as much as we can to secure our future.

Still the One... #1

Today Rich Dad Poor Dad consistently ranks among bestsellers around the world in the categories of Personal Finance, Parenting, and Investing, has been translated into 38 languages, and has sold more than 40 million copies worldwide.

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.

In many ways, the messages of Rich Dad Poor Dad, messages that were
challenged and criticized 25 ago, are more meaningful, relevant, and important
today than ever.

Rich Dad Poor Dad...

- Explodes the myth that you need to earn a high income to become rich

- Challenges the belief that your house is an asset

- Shows parents why they can't rely on the school system to teach their kids about money

- Defines once and for all an asset and a liability

- Teaches you what to teach your kids about money for their future financial success

ADD TO MY SHELVES

Recommend book

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Published Apr 5, 2022

336 pages

Average rating: 8.16

200 RATINGS

Community Reviews

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Niang boih

Oct 04, 2023

8/10 stars

So, here's what I got out of the book. Rich people don't hustle for a paycheck. They're all about being money-smart. They know assets and liabilities and aim for passive income and positive cash flow. They're not into buying expensive houses because that adds to their financial headaches. Instead, they invest in real estate that makes them money, play the stock market game, and dabble in bonds. That's how they keep piling up the cash. The rich buy stuff that makes them money, while others buy things they think are assets but they're not. Assets? Well, those things put cash in your pocket, like stocks. Getting rich also means you have to master money management, stay focused, and know personal finance. It's all about learning the money game, understanding how supply and demand work, and having a handle on the law. Now, there are two schools of thought here. The "poor dad" says, "Work hard, earn a paycheck, play it safe, and don't take chances." Stick to school, get good grades, and hope for a cozy job at a big company. The "rich dad," on the other hand, lets money work for them. And they get that the thrill of spending money is short-lived. They ask, "How can I make this work for me?" They're risk managers, motivated by their kids, not held back by them. They buy assets, not liabilities. That's why the rich keep getting richer. It's all about snagging assets that boost your income, making smart investments, and brushing up on your money smarts for a brighter financial future.

Chidinma

Dec 30, 2024

10/10 stars

"Rich Dad Poor Dad" by Robert T. Kiyosaki is a transformative work that challenges conventional perceptions of wealth and financial education. Through the juxtaposition of two paternal figures—the 'Poor Dad,' representing traditional employment and financial struggles, and the 'Rich Dad,' embodying entrepreneurial success and financial acumen—Kiyosaki presents a compelling narrative that underscores the significance of financial literacy in achieving economic independence. The book introduces readers to fundamental concepts such as the distinction between assets and liabilities, the importance of passive income, and the mindset required to build wealth. Kiyosaki emphasizes that true financial freedom is attained not through high income alone but through intelligent investment and asset accumulation. His accessible writing style and use of personal anecdotes make complex financial principles understandable and relatable, inspiring readers to rethink their approach to money management. Since its publication in 1997, "Rich Dad Poor Dad" has sold over 32 million copies worldwide and has been translated into dozens of languages, reflecting its global impact on personal finance education. The book has remained a staple on bestseller lists, including the New York Times, for over six years, and has been instrumental in shifting the paradigm of financial literacy for individuals across various demographics. WIKIPEDIA Kiyosaki's work has not only educated but also empowered readers to take control of their financial destinies, making "Rich Dad Poor Dad" a seminal read for anyone seeking to enhance their financial understanding and achieve economic independence. For those interested in exploring this influential work, "Rich Dad Poor Dad" is available for purchase on various platforms, including Amazon and Barnes & Noble.

Puja Gupta

Nov 27, 2024

The book focuses on the importance of financial literacy, investing, and entrepreneurship, highlighting the differences between the "employee mindset" and the "investor mindset."

Rits.calten

Nov 21, 2024

9/10 stars

this thing just made my interest in finance go up as always

SimplyShar

Oct 27, 2024

8/10 stars

This book is choc full of information. It have a different view on money and living debt free...i definitely would like to read it again