Rich Dad Poor Dad by Robert Kiyosaki
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one’s financial intelligence (financial IQ) to improve one’s business and financial aptitude. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki’s life.
The Book in Three Sentences
Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing.
You don’t need to earn a high income to be rich.
Rich people make money work for them
Rich Dad Poor Dad has sold over 32 million copies in more than 51 languages across more than 109 countries been on the New York Times bestsellers list for over six years and received positive reviews from some critics.
American talk show host and media mogul Oprah Winfrey endorsed the book on her show. Another celebrity supporter is actor Will Smith, who said he is teaching his son about financial responsibility by reading the book.
PBS Public Television station KOCE, aired a 55-minute presentation of Robert Kiyosaki titled “Guide to Wealth” in 2006 which essentially summarises his Rich Dad Poor Dad book now available on youtube.com. PBS also honoured Robert Kiyosaki with an excellence in education award in 2005.
President Donald Trump has read and praised the book and compared the book to his book Trump: The Art of the Deal, which served as an inspirational book to Kiyosaki.
Trump later did a literary collaboration with Kiyosaki in 2006 called Why We Want You To Be Rich, Two Men One Message and a second book called Midas Touch: Why Some Entrepreneurs Get Rich — And Why Most Don’t in 2011. American fashion entrepreneur and investor Daymond John has called the book one of his favorites. American rapper Big K.R.I.T. made a song called “Rich Dad Poor Dad” though it had no connection to the book.
Originally published: 1 April 2000
Authors: Robert Kiyosaki, Sharon Lechter
Series: Rich Dad Series
LC Class: HG179.K565 2000
Genres: Personal finance, Entrepreneurship, Business, Investment, Economics