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Book Summary Preview :
Rich Dad, Poor Dad
"What the Rich Teach Their Kids About Money-
That the Poor and Middle Class Do Not!" |
 By Robert T. Kiyosaki
With Sharon L. Lechter, C.P.A.
Warner Books Ed., 2000
207 pages
The Big Idea
FINANCIAL LITERACY = FINANCIAL INDEPENDENCE
A true tale of two dads— one a highly educated professor, the other, an eighth grade dropout. Educated dad left his family with nothing, except maybe some unpaid bills. The dropout later became one of Hawaii’s richest men and left his son an empire. One dad would say, “I can’t afford it” while the other, asked, “How can I afford it?”
Rich dad teaches two boys priceless lessons on money, by making them learn through experience. The most important lesson of all is How to Use Your Mind and Time to create personal wealth. Free yourself from the proverbial “rat race”. Learn to spot opportunities, create solutions and “mind your own business”. Learn to make money work for you, and not be its slave. |
Rich Dad’s Words of Wisdom
• You are what you Think.
• A job is a short-term solution to a long-term problem.
• A highly paid slave is still a slave.
• Why climb the corporate ladder when you can own the ladder?
Good Thinking:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.
Robert Frost, from ‘The Road Not Taken’
Overview
There is a Need.
The rationale for teaching people financial literacy comes from the fact there is no real job security these days. Even after years of toil, the poor and middle class may find they do not have sufficient funds for their children’s college education, or their own retirement. Why work for a corporation, the government, and the bank all your life? Awaken your financial genius and gain financial independence and freedom!. . . . . . .
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