Rich Dad Poor Dad is a book by Robert T. Kiyosaki and Sharon Lechter that offers a new perspective on wealth management and financial literacy:
What it's about
The book is written as a series of parables that compare the financial philosophies of Kiyosaki's "rich dad" and his "poor dad". The book explains how to build wealth through investing, real estate, and starting a business. It also advocates for developing marketable skills and financial intelligence.
Key takeaways
The book's main idea is that the rich focus on gaining skills rather than just making money. It encourages people to think like entrepreneurs and prioritize developing skills over high-paying jobs.
Some of the book's advice
Build passive income streams, such as rental income or dividends.
Start small and take the first steps towards financial independence.
Don't be addicted to money, work to learn, and don't work for money.
Educate yourself in personal finance, accounting, and understanding the markets.
