Rich Dad Poor Dad by Robert Kiyosaki

Rich Dad Poor Dad by Robert T. Kiyosaki

1-line-summary: This book tells the story of a boy with two fathers(one of his friends), one rich and one poor, to help you develop the mindset and financial knowledge for a happy and wealthy life.

About the Author - Robert Kiyosaki is an American businessman and author. He is the founder of Rich Global LLC and the Rich Dad Company, a private financial education company that provides personal finance and business education.

Most Important Ideas - 

• The poor and middle-class work for money. The rich have money work for them.
• Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.
• The single most powerful asset we all have is our mind.
• Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.

Best Quote from the Book - 

Chapters -

1. The Rich Don't Work for Money.
2. Why Teach Financial Literacy?
3. Mind Your Own Business.
4. The History of Taxes and the Power of Corporations.
5. The Rich Invent Money.
6. Work to Learn – Don't Work for Money.

Two Minute Summary - 

• Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth.
• Thinking that a job makes you secure is lying to yourself.
• You must know the difference between an asset and a liability, and buy assets.
• The number-one expense for most people is taxes.
• The fear of being different prevents most people from seeking new ways to solve their problems.
• To become financially secure, a person needs to mind their own business.
• There is a difference between being poor and being broke. Broke is temporary. Poor is eternal.
• A person can be highly educated, professionally successful, and financially illiterate.