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The cover of Rich Dad Poor Dad

Rich Dad Poor Dad

Robert T. Kiyosaki, 1997

Learn to tell what actually feeds your income from what quietly drains it, and start putting each dollar into things that earn rather than things that cost.

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9 parts, about 38 minutes to read.

Why read it

  • Contrasts how two fathers thought about money, and argues that wealth comes from buying assets rather than earning more
  • Gives you one simple test for anything you own: does it put money in your pocket or take it out
  • Teaches through a childhood apprenticeship and the author's own property deals rather than formulas, and admits where its advice may not fit

Who it is for

  • Salaried workers who feel stuck despite a raise
  • Young adults who never learned about money at home
  • Parents who want to teach children about cash flow

What the summary covers

  1. An Education Between Two Fathers3 min
  2. Lesson One: What a Ten Cent Wage Taught Me6 min
  3. Lesson Two: Assets, Liabilities and Wealth5 min
  4. Lesson Three: Your Profession Is Not Your Business3 min
  5. Lesson Four: Taxes and the Power of Corporations2 min
  6. Lesson Five: Financial Intelligence Means Options5 min
  7. Lesson Six: Work to Learn Rather Than to Earn4 min
  8. Five Things That Stop People4 min
  9. Ten Steps and a Final Choice6 min

Recommended by

  • Zig ZiglarWorld renowned author and lecturer
    To get over the top financially, you must read RICH DAD, POOR DAD. It's common sense and market savvy for your financial future.

About the author

  • Robert T. KiyosakiAuthor of the Rich Dad Poor Dad series and founder of the Rich Dad Company
    • Born in 1947 in Hilo, Territory of Hawaii
    • Attended the US Merchant Marine Academy from 1965 and graduated four years later as a deck officer
    • Served as a Marine Corps helicopter gunship pilot in the Vietnam War
    • Started a wallet company in 1977 that went bankrupt, then worked in sales at Xerox until June 1978
    • Published his first book in 1993
    • Created the Cash Flow board game in 1996; the 1997 brochure written to sell it became Rich Dad Poor Dad
    • Rich Dad Poor Dad was self published in 1997 through his own company after publishers turned it down
    • His father served as Hawaii's secretary of education and held a doctorate

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