This is my summary of the book Rich Dad Poor Dad. Keep in mind that this is my Rich Dad Poor Dad summary, i.e. it may not be an accurate summary of the book.
I should say straight ahead that the Rich Dad Poor Dad book is one of the best books I have ever read, and I actively recommend it to everyone looking for the best financial advice. If you send me a message, I can send you this summary of Rich Dad Poor Dad in pdf, for free. Important: one reader just asked me for Rich Dad Poor Dad pdf – to make it clear, what I could send you is the pdf of this rich dad poor dad summary, not the book!
Rich dad poor dad summary
Robert Kiyosaki introduces the context, says that his poor dad went to Stanford and earned a PhD, and his rich dad never finished the eighth grade. Having two dads advising him so differently regarding money turned out to be very valuable for Robert Kiyosaki and made him think more in the long run. Then, he goes on to explain more differences between his both dads and their attitude regarding money. Kiyosaki chose to listen to and learn from his rich dad, who taught him 6 lessons over five years, described in the next chapters.
Chapter 1: The rich don’t work for money
At a very young age, Robert Kiyosaki had his first business partner, his schoolmate Mike. They worked for Mike’s dad, who taught them lessons on how to make money. The first rule they learn was that the rich don’t work hard for money, their money works hard for them. The first thing Mike’s dad did was to pay Robert and Mike 10 cents/hr so that they could see what is like to get a salary they find short – and imagine how would that be if multiplied over the time-span of 50 years. Then, rich dad had them working for free, which taught them two lessons: 1) most people are guided by fear (of not being able to pay for their bills) or desire (e.g. greed) and 2) we need to think of alternatives to make money, which Robert and Mike did – at a very a young age they set up a small library room, where they provided leftover magazines to other kids for a small fee.