RICH DAD POOR DAD BOOK SUMMARY
"Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki. The book highlights the differences in financial education and philosophy between two fathers: the author's biological father, who he refers to as his "poor dad," and his best friend's father, who he calls his "rich dad." Kiyosaki argues that schools teach people to become employees rather than entrepreneurs, and as a result, most people never learn how to manage their finances or invest their money wisely. He emphasizes the importance of financial literacy and advocates for people to become investors and business owners. The author shares several lessons he learned from his rich dad, such as the importance of owning assets that generate cash flow, the power of leverage, and the difference between assets and liabilities. He also emphasizes the need to focus on acquiring assets that appreciate in value and generate passive income, rather than accumulating liabilities that d...