Rich Dad Poor Dad By Robert Kiyosaki Book Review

Rich Dad Poor Dad By Robert Kiyosaki Book Review 

This book has been in the market for years and still is one of the best selling books even on amazon. What do you think about that?

Are you curious to know what the book is about? In this article I will discuss with you the most important lessons I learnt from Rich dad poor dad brought Robert Kiyosaki.

My story

I myself was never an entrepreneur until I came across this book. I was a medical student and up to that time I had never read any financial book in my entire life.

What do you think made me go for a financial book ( rich dad poor dad)?

It was one weekend and I decided to take a walk along the street nearby.

As I was walking I met this old man who asked me a challenging question.

His question was "what is the difference between being rich and having freedom in relation to one's financial status "?

I didn't answer this question since it was still challenging to me…(so naive of me right?)

This man looked at me and smiled .

He then got hold of my hand and pulled me to his library where I was amazed.

This library was full of financial books and what I was not understanding by this time is what was a doctor going to do with all this.

He pulled out Rich Dad poor dad and handed over to me. He then said to me that "there is no good reason why one should work for another for a lifetime "?
I tried to relate this sentence to the question I was first asked by this man but it was not looking as an answer to the question he asked prior.

But I came to realize something later. Would you like to know it?

This man's first question and his second sentence are all lessons learnt from Rich Dad Poor Dad book.

I read this book and after reading it,my thinking completely changed . How I use to view an employee and entrepreneur changed.

Let's discuss what I learnt from the book.

1.money is not an end goal but is a tool for creating wealth.

This is true.

Have a look at all employees .

Each one of them is working for money. Once they are paid that is the end of it.

Most of the employees are not looking at money as a wealth creation tool.

What if you invest that money in the right way? What do you expect over time if not incoming cash flow. Robert in his book says that money is a wealth creation tool and not an end goal as in most cases.

2.most people work for money while rich people make money work for them.

Still talking of most employees, they work for money. Robert teaches you in his book to let money work for you.

 Invest your money by acquiring valuable assets which will generate for you money and make you rich. Most people fear investing their money because they think they might lose the money. 

Robert teaches that investing your money in what you understand best is the right way to go but not just investing.

3. wrong education system

According to Robert, education in most schools is not geared towards financial knowledge.

Financial literacy is not taught in most schools and here is where most people miss it. Most of the courses taught are only geared towards getting you a job (getting employed) which is good but is not the best. 

Have you realised that the cost of education keeps on increasing faster than the rate of inflation? And what does that teach you?

4.Assets are things that produce cash flow.

Most people take assets as things that bring them money and liability as something which takes money from them.

Is that true?

What about your primary residence? According to Robert Kiyosaki, assets are things which produce cash flow and that means your residence home is not an asset.

 I completely agree with Robert on this. You might think you have a lot of assets but none of them is bringing you money. 

Become wealthy by accumulating assets which produce positive cash flow.

5. Being rich equals financial freedom

What do you think?

Most people do disagree with one saying the above point just because they have an old understanding of financial freedom .

These are just a few of the things you will learn from Rich Dad Poor Dad by Robert Kiyiosaki.

Get rich dad poor dad book here

What other people say about rich dad poor dad.

Investing Book Summaries
a year ago
I covered this book on the Investing Book Summaries YouTube channel because I enjoyed it so much.
 The best part of this book is how it really sets the stage for the mentality a person should have if they want to get rich.
 The second best part in my opinion is his quadrant system in chapter 2 that explains the income statement and balance sheet in simple terms.


**To be honest the quadrant system might be the best part, haha**
The first half of the book is a fun story on the conversations with both his dads (well, one is biological and the other is his financial dad).
 These conversations are nice because the innocent questions little Robert asks would be the same that many readers would have while they are reading through the book.
 Rich dad explains the ideas the rich have to maintain and grow their wealth so consistently.

The second half is how you should think about the situation you are in and how you can improve it. Do you just give up as a kid because your parents don't give you an allowance while little Jimmy gets $50 from his parents each week? You should be willing to think and work harder than 99% of the population if you want to be in the 1%!

Highly recommend for people new to finances and savin

Vaibhav Jhunjhunwala
4 months ago
This is a classic book when it comes to learning Personal Finance Management. The tagline is enough to give you an insight on what this book has in it for us. “What the Rich Dad Teach Their Kids About Money That the Poor and Middle Class Do Not!”
In this book, Robert Kiyosaki discusses what he learns about money, investing and life in general from his two Dads. Poor Dad (His Father) and Rich Dad (Father of his best-friend). He shares the contrasting perspective of both the dads in an engaging, thought-provoking and inspiring manner.
He shares lessons on – how to make money for us, the importance of financial education, create assets that puts money in our pocket, etc.
This New York Times best-seller is a pure delight and something you just cannot afford to not read and learn from.

Young SEN
6 months ago
Mr Robert Kiyosaki, may God bless you. I have never been good at reading books that totally changed when I came across Rich Dad and Poor Dad.
Though they day that their best is yet to come or to be seen but I don't have a starting point to deny that you are the best because of your teachings, terms that you use and how you explain things it's so life changing that I wanna read every book that have been written by you.
My only wish for now is to never stop reading so that I can read every book you will write and I hope to attend one of your seminars, even though you are a million miles away I know that day will come.

i hope you enjoyed this post.
10 Advice From robert kiyiosaki For Young People Who Whats To Be rich
This post contain affiliate links