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

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  • This New York Times best seller was originally self-published in 1997.
  • Do you get rich by climbing the corporate ladder or by being an entrepreneur?
  • Six key points of the book:
  • 1.The rich don't work for money; 2.The importance of financial literacy; 3.Minding your own business; 4.Taxes and corporations; 5.The rich invent money; 6.The need to work to learn and not to work for money.
  • Overall a good start in financial investment.
  • Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a
    pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire
    eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose
    weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint
    communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for
    them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and
    CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a
    frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial
    literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier
    bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the
    jobs can eventually be shed. --Howard Rothman