I love this book for the beginner who is interested in becoming wealthy. I read it one day in Maui when I was 18. Rich Dad Poor Dad” is a personal finance book written by Robert Kiyosaki. It offers readers valuable insights into the differences in mindset between wealthy individuals and those who struggle with money.
The book tells the story of two fathers, the author’s real dad, who was highly educated but struggled financially, and his best friend’s dad, who was not as well-educated but became incredibly wealthy through savvy investments and entrepreneurship.
Kiyosaki’s real dad was an academic, focused on education and getting a high-paying job with benefits. On the other hand, his best friend’s dad was an entrepreneur, who taught Kiyosaki about the importance of financial education, investment, and business ownership.
Kiyosaki argues that the education system trains people to be employees, rather than entrepreneurs or investors, and encourages readers to shift their mindset from thinking like an employee to thinking like a business owner. He also stresses the importance of financial education and learning how to manage money wisely.
One of the most significant takeaways from “Rich Dad Poor Dad” is the idea that assets generate income while liabilities drain income. According to Kiyosaki, the wealthy acquire assets that generate income, such as real estate, stocks, and businesses, while the poor acquire liabilities, such as cars and consumer goods that do not generate income.
Overall, “Rich Dad Poor Dad” is an excellent read for anyone looking to shift their mindset and take control of their finances. It encourages readers to think critically about their financial choices and work towards creating passive income streams through asset acquisition and entrepreneurship.
Click on the link below and you can instantly buy the book. Its a great read and could change your life if you are ready to take massive action.