Rich Dad Poor Dad by Robert Kiyosaki - Book Summary



Robert Kiyosaki is a great writer of his time. His book Rich dad poor dad was published in 1997. It got famous and became a mandatory read just after publishing. Its theme attracted people, because in this era, everybody is looking for making money, and this book guided people about money and investing and talked about the global economy. Because of the book's demand worldwide, it has been translated into many languages. It was then considered the first finance book of all time. The book's central theme gives a more comprehensive concept of how one can be financially independent and wealthy. The author talked about a society that doesn't allow us to go out of the box, and they have a single concept of becoming rich, which they always follow. That single thought is to read and get a good job; you will be rich. 

The book's audience can be anyone eager to make money and wondering how to invest. This book has ten chapters, and every chapter has one specific rule to be rich. The 10 points are below.

  • Rich people work to learn, not for money.

  • You have to educate yourself about finances, assets, and investments.

  • You have to work for yourself; instead of making money for your employer, do it yourself. 

  • Wealthy people understand the duty code and the comprehensive set of laws, so they stay one pace in front of the frameworks planned to get control over them. 

  • People don't talk about financial education; we must learn about financial education.

  • You can get monetary schooling by evaluating what is happening, putting forth financial objectives, and bringing together the monetary imminent to contact them.

  • Having financial knowledge helps rich people to make money in every situation.

  • Rather than avoiding any risks, you have to put your cash in stocks, bonds, and tax lien.

  • The important part is to learn from work and only earn. 

In this book, the main focus is on the first six points; all these points are interrelated, and you must follow them step by step to become rich. For example, the first rule says you don't have to work for money; your whole life will go by working in an unpleasant environment. People will take advantage of you and exploit you in such a life. Here you will only get a specific salary, but the one under whom you are working will get more prosperous daily, and it is just because of you. Once you know that you have been exploited, what can be the alternative? So here is point two; as it says, educate you about finances, we can follow this with the help of number three; here, it advises us to keep our day job, minimize our expenditures, and do a side business. Rule four says to know the tax system inside out; rich people do this and enjoy their money. The fifth rule tells us about our culture; in our society, reading books and getting a higher percentage makes us rich, but that is not true. Instead of telling this to our children, we must show them every aspect of life. They can search independently and find the best way to be rich. We don't need to bind the younger generation and implement our concept to be rich on them. Let them decide on their own, but we can open the road for them so that they can choose a path on their own, not the one we came through. When you get the money, you can have all the life opportunities and avail of them quickly. Everyone needs money, and it helps us in every situation. The sixth rule has given the three most valuable ways to earn money. The fifth rule says you need financial education, but the sixth tells us three ways to get financial education. Firstly we must look at our current situation, whether we are wealthy, poor, or middle class. After knowing our current status, we must decide how much we earn to be rich and whether we have to do more complex work or intelligent work. When setting up the mind, you have to start working on that. The more you work on that, the easier it is to achieve your goal. You have to broaden your horizon. Your aim has to be, earning to learn, not for money. As Kiyosaki writes, when I asked a poor dad who was well-educated how to be rich, he replied to read and get an excellent job because job security was everything to him. On the other hand, the rich dad replied to the same question, work to learn, not to earn. This was all about the book whose aim is to give readers a chance to be rich.  

Previous Post Next Post