Summary of Rich Dad Poor Dad
SUMMARY
Robert Kiyosaki, author and narrator of the book shared his story about him having two fathers. The first one was his biological father whom he called as the “POOR DAD” and the other was his best friend’s father whom he called as the “RICH DAD”. His two fathers taught him how to be successful in life but with different methods and attitudes. While reading the book, it became to apparent which of the author’s two father’s turned out to be more effective when it comes to financial success. The author made a fair comparison between his rich dad and poor dad principles, ideas, financial practices, enthusiasm and how his real dad struggled but highly educated person receded against his best friend’s father in terms of financial achievements.
The author compared his real dad to those people who were running in the “Rat Race”, a race where helpless people trapped in a nasty cycle of needing more money but unable to satisfy their wants, needs and dreams for wealth because of lack in financial knowledge or what the author termed as financial literacy. People spent so much time in school learning about the real world but acquired nothing important about money for it was never taught in school. While his rich dad, signifies the independent wealthy core of society who deliberately took the chance of power to manage corporations and personal knowledge of tax and accounting.
Robert Kiyosaki reduced the book’s theme to two fundamental concepts which he had pin-pointed: a can do attitude and fearless entrepreneurship. He provided multiple examples for each and focusing on the need to learn the financial literacy, on how the power of corporations contribute to making the rich wealthier, minding your own business, overcoming obstacles by not nurturing laziness, fear, cynicism and other attitudes, and recognizing the characteristics of humans on how their upbringing hamper their financial freedom goals.
CHARACTERS
Poor Dad
The author compared his poor dad to the
Robert Kiyosaki, author and narrator of the book shared his story about him having two fathers. The first one was his biological father whom he called as the “POOR DAD” and the other was his best friend’s father whom he called as the “RICH DAD”. His two fathers taught him how to be successful in life but with different methods and attitudes. While reading the book, it became to apparent which of the author’s two father’s turned out to be more effective when it comes to financial success. The author made a fair comparison between his rich dad and poor dad principles, ideas, financial practices, enthusiasm and how his real dad struggled but highly educated person receded against his best friend’s father in terms of financial achievements.
The author compared his real dad to those people who were running in the “Rat Race”, a race where helpless people trapped in a nasty cycle of needing more money but unable to satisfy their wants, needs and dreams for wealth because of lack in financial knowledge or what the author termed as financial literacy. People spent so much time in school learning about the real world but acquired nothing important about money for it was never taught in school. While his rich dad, signifies the independent wealthy core of society who deliberately took the chance of power to manage corporations and personal knowledge of tax and accounting.
Robert Kiyosaki reduced the book’s theme to two fundamental concepts which he had pin-pointed: a can do attitude and fearless entrepreneurship. He provided multiple examples for each and focusing on the need to learn the financial literacy, on how the power of corporations contribute to making the rich wealthier, minding your own business, overcoming obstacles by not nurturing laziness, fear, cynicism and other attitudes, and recognizing the characteristics of humans on how their upbringing hamper their financial freedom goals.
CHARACTERS
Poor Dad
The author compared his poor dad to the