Poor dad


“Rich Dad Poor Dad” is a personal finance book written by Robert T. Kiyosaki. It was first published in 1997 and has since become one of the bestselling personal finance books of all time. The book is written in the form of a memoir and is based on Kiyosaki’s own experiences growing up with two father figures: his biological father (the “Poor Dad”) and the father of his childhood friend (the “Rich Dad”).

The book contrasts the financial philosophies and behaviors of these two father figures. Kiyosaki portrays his “Poor Dad” as someone who followed traditional advice about money, such as working hard, getting a good education, and saving money. In contrast, his “Rich Dad” believed in taking risks, investing wisely, and acquiring assets that generate passive income.

“Rich Dad Poor Dad” introduces several key financial concepts, including the importance of financial education, the difference between assets and liabilities, the power of passive income, and the value of entrepreneurship. The book advocates for financial independence and challenges conventional beliefs about wealth and success.

Overall, “Rich Dad Poor Dad” has had a significant impact on how many people think about money and investing. It encourages readers to adopt a more entrepreneurial mindset and to take control of their financial futures. However, it has also faced criticism for its simplistic approach to complex financial issues and for the accuracy of some of its claims.



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