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“A major cause of poverty is the poor mindset that most people have. We are taught to think like poor people.” -Robert T. Kiyosaki
The first book I read was Rich Dad Poor Dad by Robert Kiyosaki, which changed my life forever. He introduced me to other books and authors who had a profound effect on my life. I strongly believe that the most important investment you can find is in yourself because it does not wear out like fine clothes, or depreciate like a car, or rust with time.
It’s our attitude about money that needs to change if we are to break the cycle of poverty and go on to achieve real financial freedom. Our current educational system does not teach us how to handle money. It teaches us to work for it though, which is good, but will never make you rich.
1. Rich Dad Poor Dad Summary
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says that there are two types of people in the world: those who have a poor mindset and limited income, and those who have a rich mindset that leads to developing multiple streams of income.
A major cause of poverty is the poor mindset that most people have. We are taught to work for money, which will give us comfort for few days but never long-term wealth. We are not taught how to properly manage our cash flow, so most people work long hours in jobs they don’t like just to survive. We are not taught how to think but instead, we are taught what to think.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki is giving you a rare opportunity in today’s world if you allow him to help you with your education about money. He says that the reason many of us are poor is that we went to school but did not learn about money, so instead, we learned to work for it.
Most people get stuck in low-paying jobs because they never bother to develop multiple streams of income. The author of the book “Rich Dad Poor Dad” Robert Kiyosaki is teaching you how to use your head and not just work for money because if you don’t, most likely it won’t come.
Most of us also live a life of denial by putting things off. We procrastinate on an important financial decision that could change the course of our lives drastically for good or bad. The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says that we should stop telling ourselves, “I don’t care about money and I never want to deal with it”. This type of thinking just leads you deeper into the abyss where your income is almost always less than what you spend.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki teaches us to follow our passion and work on our dreams, as this will give us financial freedom because we would be working on things we like doing instead of living a life to avoid poverty. If you take the time to reflect on what makes you happy, then go ahead and do those things because those are your passions; those are where real happiness lies. Those are the things that will make you money.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says, “If you do what you love, then you will never work another day in your life!”. That is how true rich people think; they see their assets growing, not just their paychecks.
They also make sure to keep their expenses low so they can live like they did when they were poor because it was during this time when they learned how to control expenses and guard against poverty. At one point in our lives, most of us are either too young or too old where we don’t care about learning how to manage money properly. However, as adults, we should be more serious about learning the importance of using cash flow to build wealth, not just paying our bills.
The reason why most of us are poor is that we never learned how to properly manage money in school. We only learned about it but not how to manage it. Now you can see why the author of the book “Rich Dad Poor Dad” Robert Kiyosaki is asking you specifically right now if you want to learn real-life lessons that will teach you how to become rich so you don’t waste your time doing something that does not lead anywhere in life.
This is what he calls financial education, which is key in becoming successful financially so do take time out of your day and read this book or listen to the audio because it could your life for good! And if you are already rich, the author of the book “Rich Dad Poor Dad” Robert Kiyosaki is offering this opportunity to you to pass it on to your children so they can start building their wealth right now if you want them to be successful in life.
The most important thing that most people do not realize is that we do not need money to make money; therefore, it’s very important for us all right now before reading the rest of this article or listens to audio. The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says that when he was growing up, his father used to tell him these three words repeatedly: ‘THINK AND GROW RICH’.
This meant for him and his siblings to start thinking about becoming rich as a family. His father knew the power of those words and now he is teaching this to all of us right now, so let’s listen carefully. The author wants everyone from every walk of life right now that if you want success to happen in your financial life then do not think small because small thoughts produce small results and will only bring you poverty instead of riches.
The author says to think big and expects great things to come into our lives no matter what, even if we have been told over and over again that it cannot be done! The author of the book “Rich Dad Poor Dad” Robert Kiyosaki is asking us today if we are ready for our ship to come in so we can all be rich together. He wants us to be open to receiving it because it’s there waiting for you and all you have to do is grab it when the opportunity presents itself.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says that we should not just sit around and wait for things to happen in life, but instead we need to think bigger than what our current state of affairs is and start taking immediate action so we can bring about the changes we want in our lives right now if possible.
There will always be people around us who try to discourage us from doing what makes sense even though they are seeing results for themselves down the road because they are not happy with their lives or circumstances. However, this does not mean that we should subscribe to them because they are not taking any chances on themselves.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants everyone right now, regardless of who you are or what your situation is, to start making things happen for yourself by letting go of all negative thoughts and people around us who might be dragging us down.
The author is saying if we do not strengthen our minds then there will always be times when your mind can get weak against discouragement that may come into your life. However, the more strength you put into it, the more you can fight back with positive thoughts daily, so make sure it’s a daily practice to read quotes every day about success over failure no matter how many times you have been struck down to the ground, so get back up and keep moving forward.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us to understand that we all need each other if we want to succeed in life because working alone is not going to produce results for you unless you are a workaholic.
The problem with most successful people is that they do not know how to apply their skills effectively without a team behind them, saying it’s easier said than done because everyone wants success from doing everything themselves instead of building a strong team around them.
If you think about it, this doesn’t make any sense at all because every one of us needs help from others if we want our businesses or companies to become successful. The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us all right now to stop thinking about our own needs and start putting an effort toward helping others succeed as well because it will come back around for you in a positive way so everyone can win together.
You don’t have to be a saint or a hero by going out and saving the world every day, but if we do not give anything or work hard at all then there is no possible way for anyone to succeed today.
If we always think about ourselves first before other people rather than working as a team, this helps us understand that we need to help lift each other instead of putting our friends down. The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us all to understand that we have been doing it wrong from the start by being so self-centered, so he is asking us right now to try a change of direction and look at what we can do for people around us instead who might be in a worse situation than ourselves.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says that if you want to become successful then stop being selfish because there are too many people on this planet as it is with billions living among them every day.
He is asking us to think about our business or job positively because we need those helping hands around us if we want to make history together as far as becoming rich goes. The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us to understand that not everyone is going to be on our team no matter how hard we try, but there are still people around who need your help.
The author is saying if you want to become rich then start now by thinking about what you can do for others instead of yourself every day before you go to sleep at night. This will not only make you think positively, but it will also allow others to look up to you as a good example.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says that if someone doesn’t like what they hear or read then don’t change anything because that’s their opinion and let them keep it to themselves when they go out and spread the word, but what we should be doing instead is thinking of new ways to help them succeed without lifting a finger.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says that if you don’t have anything nice to say then just keep your mouth shut because being negative can hold someone back from reaching full potential in life.
He explains that having a good attitude about yourself will help others get motivated so they can also grow as an individual at their own pace instead of comparing themselves to others who might be struggling more than them – this includes everyone from students to professionals in every industry.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us all right now to start thinking about our success instead of trying to help others succeed because it’s all about building relationships with people you can trust.
The author says that if you want to become successful then setting boundaries is the only way for us to be happy in life because each one of us has a different gift so we have a responsibility as well as an obligation to use those gifts properly. He adds that setting boundaries is not being selfish or rude, but by doing so we open up opportunities for others around us who might benefit from our gift which allows them to grow as individuals as well.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us right now to think selflessly and strategically when it comes down to how we present ourselves in public because we might either help someone grow or hold them back from doing so.
He says that if you were to ask a hundred people who want to become rich why they want it then the majority of them would say money – but this is not true because if they wanted it for the wrong reasons then they are setting themselves up for failure.
He said there are many instances where he failed in life, but he never gave up so he was able to bounce back and start over again until success came his way. He explains that becoming successful has nothing to do with money because your mental attitude plays a vital role in how well you do each day which means just working hard does not cut it anymore when it comes down to making it through the day for everyone struggling to survive.
Many people have become wealthy whether they were born with a silver spoon in their mouth or not, but the outcome is always the same – becoming successful requires education, real estate investing skills, hard work, discipline, and patience which will allow us to use our gifts properly.
The author wants us all right now to think about what we would do if we had an extra million dollars because that question alone forces us to start thinking how high we can go as far as becoming rich goes without having any limitations in life. He adds that money comes and goes so don’t be greedy with it when you have more than enough because God has a way of blessing those who bless others in God’s name.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki says that if you don’t believe in yourself then nobody else will because it takes faith to reach success whether you are religious or not so always remember this when things get tough along the way.
He explains that each one of us has a different point of view about life, so being successful is all about using your gift at its full potential which will give us the rewards we are looking for without giving up along the way even when opportunities come our way. The author wants us right now to think about how much money is just enough instead of thinking about how much more money can I make even though I have plenty?
If someone is struggling with money problems then there is a good chance that they are not budgeting their money because most of them do not know how to make a budget and stick with it.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us all right now to stop and think about what we want in life before we go out spending our hard-earned cash on things we don’t need which could be hurting more than helping us grow. He adds that when it comes down to making money then most people fail simply because they don’t understand that they can keep their job while investing in real estate at the same time instead of just working for someone else’s benefit.
There is also another great takeaway from this book, and that is by watching what others do in life and learning from them which will allow us to grow as a person from their mistakes. The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us right now to think about how we spend our money because it does not come back once it is gone, but instead will never return when spent foolishly.
He explains that business comes naturally if you want to become successful especially with real estate investing because you can use your imagination to put new projects together while hiring contractors for each job instead of wasting time on something you know nothing about.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us all right now to stop focusing on the negative things in life like complaining and put those bad thoughts and habits behind us because we only have one life to live and it is up to us how we use that gift wisely.
He adds that rich people work just as hard as poor people do but the difference between them is that they invest their money into things that will keep on making them even more money without having any limitations whatsoever. Instead of working for someone else’s benefit, you can work for your own by using your real estate investing skills which will allow you to become financially free faster than most people starting at the same time.
In the book “Rich Dad Poor Dad” Robert Kiyosaki has a lot of great information about becoming successful and reaching financial freedom sooner than later if you finally decide to grasp that one opportunity that is right in front of you.
He explains that if we want to become successful then most of us will have to start thinking like rich people do and make decisions accordingly because we all know deep down inside that it takes money to make even more money which is why we should always keep our minds open and not shut down when things get tough along the way.
The author of the book “Rich Dad Poor Dad” Robert Kiyosaki wants us all right now to stop focusing on the negative things in life like corruption, violence, poverty as well as a crime because all those bad thoughts will eventually bring negativity into our lives if we continue having those kinds of conversations with others around us for an extended period.
He adds that most of us will agree with him and others out there about the economy being in a bad place right now but we should focus more on what we can do to make things better instead of complaining all day long without doing anything productive about it which is costing us money by losing jobs every time our country is put into another financial crisis.
2. Who should read this book?
This book is intended for anyone who has ever thought about becoming financially independent but doesn’t know how to do it. This book can act as a guide or an eye-opener for those wanting to change their financial status in life by taking the first step towards making that happen.
3. Who should not read this book?
People looking for exaggerated examples of people becoming rich overnight will probably find that the author only briefly touches on his experiences which will make them disappointed if they are looking into this book mainly because he doesn’t mention anything specific enough to relate to.
If you have been dealt a bad hand in life then chances are you won’t agree with everything that Robert Kiyosaki is saying this entire book because some people out there still think they can get rich from gambling or some other illegal means.
4. Why did the author write this book?
Robert Kiyosaki wrote this book to inspire people across the world to take charge of their financial futures by teaching them that they are the only ones in control of their own lives because no one else will always be there to help them succeed.
Most notably, he wrote this book as an opportunity for him to give back for all his career accomplishments which is why he now wants everyone out there who has ever dreamed about success but never knew how to make it happen for themselves to finally understand why things don’t happen overnight without hard work and dedication along with taking risks now and again.
5. What kinds of sources and citations does he use?
This book is non-fiction, so there aren’t any fictional examples or anything of that nature. The main source of information is the author himself who has lived both sides of the coin which he uses to explain how some people may have more money than others but they seldom know how to make it work for them while some other people are more knowledgeable about what they need to invest their money into to gain even more revenue without limits whatsoever.
6. What kind of writing style does the author use?
Robert Kiyosaki uses a storytelling style in his book “Rich Dad Poor Dad” because there are many stories throughout this entire book that are used as comparisons between two separate incomes that are growing at different rates. Not only that, but he also uses very easy-to-understand words throughout this entire book which is why it is considered an easy read for anyone out there looking for a way to teach themselves about how they can become rich without any boundaries like other people may put on them.
7. Do you personally like the author’s style? Why or why not?
I think that Robert Kiyosaki knows what he is talking about when it comes to becoming wealthy because he seems like someone who went out there and made his success happen for himself, unlike some other celebrities who were born into families with high incomes that permitted them to live off of their family’s legacy instead of having to work every day just to make ends meet. I respect him for being so open about his past mistakes because I have made a lot of them in my life as well which is why I can relate to him throughout this entire book.
8. If you were the author, how would your book be different?
If I was the author then my book would probably be more clear cut and structured than it already is because while some stories that Robert Kiyosaki tells throughout “Rich Dad Poor Dad” are interesting and give you a better understanding of what he needs to say, there isn’t a whole lot of fact-checking going on along with just a little bit more proofreading from the author himself which will make readers able to get through this entire book without getting lost or confused very early on in the story.
9. What are some of your favorite quotes from the book?
“The main reason most people struggle financially is that they spent years in school but learned nothing about money. The result is that people learn to work for money…but never learn to make money work for them.”
-Robert Kiyosaki (pg. 21, “Rich Dad Poor Dad”)
“I know of very few really rich people who were trained to be that way by spending hours studying history or philosophy books. Most self-made millionaires I know are largely autodidacts – main autodidacts with a lot of drive and vision.”
-Robert Kiyosaki (pg. 37, “Rich Dad Poor Dad”)
“Don’t confuse education with wisdom. A lot of so-called ‘educated people’ are lacking in common sense.”
-Robert Kiyosaki (pg. 41, “Rich Dad Poor Dad”)
“The main cause of divorce and the main reason we have so many unhappy marriages these days is that most couples do not understand the difference between a paycheck and net worth.”
-Robert Kiyosaki (pg. 64, “Rich Dad Poor Dad”)
“Here’s another big problem with school: it mass produces employees for all the wrong reasons…”
-Robert Kiyosaki (pg. 69, “Rich Kid Poor Kid”)
-“A job only pays you once…the time value of money states that we should be paid more to delay our pay. Owning assets pays us more the longer we delay our pay because of the power of compounding.”
-Robert Kiyosaki (pg. 70, “Rich Kid Poor Kid”) –
“The reality is that educated people open themselves up for failure because they believe what they learn at school rather than learning how to think and discovering truth and knowledge for themselves.”
-Robert Kiyosaki (pg. 140, “Rich Dad Poor Dad”) –
“A fool and his money are soon parted.”
– Robert Kiyosaki (pg. 155, “Rich Dad Poor Dad”) –
“Only a fool takes himself out of a profitable situation…what most employees consider to be their ‘job’ is costing them money…because they are not working hard enough at the right business-in this case, themselves.”
-Robert Kiyosaki (pg. 8, “Rich Dad’s Guide To Investing”)
“What most people believe to be their primary purpose in life is nothing more than a side effect of what they truly value.”
-Robert Kiyosaki (pg. 243, “Rich Dad Poor Dad”)
10. How did the book impact you personally?
It changed my life because it helped me realize that I needed to take control of my future before it was too late and started teaching me valuable lessons on how I can become successful by owning assets instead of just working for money. After all, it’s the only way I could ensure my future.
11. What personal experience can you contribute to this book?
I never realized how important it was to understand not only what your business is doing but also why you’re doing what you do and who it is that you’re working with and for until reading this book and now I’m determined to take control of my future by understanding my assets better than any job or boss ever will be able to.
12. Important lessons from the book
The main lesson from “Rich Dad Poor Dad” is that if you want to become wealthy, then you need to stop worrying about your salary(which most people base their entire lives on)because the more passive your income, the more money you’ll have because it’s not just about how much your company pays you every year but it’s also about what you do with that money after you get paid so if you can’t save at least 10% of your salary then you’re losing out because by the time retirement rolls around, chances are that your net worth will be zero.
-Robert Kiyosaki (pg. 21, “Rich Dad Poor Dad”)
The first lesson I learned from reading this book was that most people spend their lives working hard to pay off the debt they got themselves into which means that these people are usually stuck in a downward spiral because no matter how hard they work it’s never going to be enough money for them to borrow next month without incurring more interest on their loans.
-Robert Kiyosaki (pg. 39, “Rich Dad Poor Dad”)
Another important lesson to take away from this book is that the only difference between the rich and everyone else is their knowledge on Income vs assets which means that if they earn all their money through wages then they’ll never become truly wealthy but if they learn to make their money work for them instead of earning money for working then they’ll have a chance at becoming wealthy.
-Robert Kiyosaki (pg. 52, “Rich Dad Poor Dad”)
A third lesson is that most people are being taught the wrong way to become financially successful through school which makes them believe that their purpose in life is to work hard so they can buy the things they want but what matters is not how much you own but what your asset column produces instead because it’s very possible for someone who doesn’t have a single dollar in his pocket to be wealthier than someone who has millions of dollars in his bank account if he knows how to manage his money better.
-Robert Kiyosaki (pg. 154, “Rich Dad Poor Dad”)
Another lesson that was taught to me is that if you want to get ahead in life, then you need to start worrying less about what the government tells you and more about your future because it’s no longer safe for people who work hard for their money anymore. After all, inflation makes sure that they constantly lose money over time.
-Robert Kiyosaki (pg. 76, “Rich Dad Poor Dad”)
Most people are taught that they need to go to school, get a job and work hard so they can buy all the nice things their friends have but what most people don’t understand is that’s not how you become wealthy. After all, it’s all about income vs assets which means that if you don’t learn to make money work for you then you’ll never be able to stop working because there will always be something new coming up in your life that needs an influx of cash.
-Robert Kiyosaki (pg. 215, “Rich Dad Poor Dad”)
Most teachers fail to teach us valuable lessons on how we can become truly successful by teaching us how to get a job, pay our bills on time, and save up some money for retirement but what they fail to teach us is that by doing this we’ll never discover all the opportunities available out there which means that even if we become wealthy it will be really hard for us to stay wealthy because by working for someone else’s company you’re only limited to the amount of money your company is willing to give you each year.
-Robert Kiyosaki (pg. 3, “Rich Dad Poor Dad”)
Another lesson I thought was important was that most people make their entire lives revolves around their jobs when in reality their real job should be managing their assets especially if they want to become truly successful in life because most people are always worried about their expenses instead of what they can do to make more money which means that the only way they’ll ever be able to become wealthy is if an unexpected miracle happens and gives them a lot of cash at once.
-Robert Kiyosaki (pg. 97, “Rich Dad Poor Dad”)
The next lesson I learned was about inflation and how it’s constantly decreasing our wealth as time goes on because the only way that businesses can keep increasing their prices without losing many customers is by decreasing the value of money so for them to become wealthy, they have to make sure that you don’t get too much money otherwise your spending power decreases.
-Robert Kiyosaki (pg. 20, “Rich Dad Poor Dad”)
Another lesson I learned from this book was about how important it is for people who want to be wealthy in life so they can avoid carrying debt with them everywhere they go which means that one of the most valuable assets you’ll ever have in your entire life is cash flow instead of cash because all cash does is sit there and collect dust while cash flow makes more money.
-Robert Kiyosaki (pg. 77, “Rich Dad Poor Dad”)
The one thing that surprised me about this book was that Robert Kiyosaki believes that having lots of debt is one of the best ways for someone to become successful because if you can spend money you don’t have and eventually pay it off you’ll be able to learn how to spend money that you do have which is a lot more valuable than someone who doesn’t carry any debt at all.
-Robert Kiyosaki (pg. 101, “Rich Dad Poor Dad”)
I learned from this book was the importance of staying busy because if you ever find yourself with nothing to do then there’s a strong chance that your mind will start wandering into worst-case scenarios which means that the best way for anyone to prevent their minds from doing this is by always being as productive as possible.
-Robert Kiyosaki (pg. 110, “Rich Dad Poor Dad”)
Also, I learned from this book is important because it suggests how something like an economic collapse could benefit some people instead of all the negative impacts that come with them by changing their perspective or attitude on them. That is exactly why Robert Kiyosaki believes that everything happens for a reason whether good or bad.
-Robert Kiyosaki (pg. 218, “Rich Dad Poor Dad”)
The final lesson I learned from this book was that it doesn’t matter how much you spend on your education because if you’re working for someone else then they will always benefit more than you no matter how intelligent or talented you may be with your work.
-Robert Kiyosaki (pg. 77, “Rich Dad Poor Dad”)
In conclusion, I found this book very useful because it taught me many valuable lessons about life that I could later use to get ahead on my own.
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