He learns valuable lessons about the difference between assets and liabilities, the power of financial education, and the importance of taking calculated risks. Throughout the book, Kiyosaki shares anecdotes and conversations that he had with his rich dad, who guided him on various aspects of money, wealth creation, and financial independence. On the other hand, his rich dad, a successful entrepreneur, believed in building assets, investing wisely, and acquiring financial knowledge. His poor dad, who held a high position in education, emphasized the importance of academic success, job security, and living within one's means. The story begins with the author as a young boy, observing the contrasting financial mindsets and behaviors of his two dads.
The existence of Kiyosaki's "Rich Dad" remains unproven, and there is no documentation on Kiyosaki's alleged vast reserves of wealth earned before Rich Dad Poor Dad was published.
The titular "rich dad" is his friend's father who accumulated wealth due to entrepreneurship and savvy investing, while the "poor dad" is claimed to be Kiyosaki's own father who he says worked hard all his life but never obtained financial security. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's life. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ). Rich Dad Poor Dad is a 1997 book written by Robert T.
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