"Rich Dad Poor Dad" is a book written by Robert Kiyosaki, which was first published in 1997. The book is a personal finance and investing guide that emphasizes the importance of financial literacy and encourages readers to think differently about money and investing.
The book is written in the form of a memoir, with Kiyosaki telling his own story of growing up with two dads: his biological father, who was financially struggling, and his best friend's father, who was wealthy and successful. Through his experiences with these two men, Kiyosaki learns valuable lessons about money and investing, which he shares with the reader.
One of the key themes in the book is the difference between assets and liabilities. Kiyosaki argues that most people focus on earning a high income and acquiring liabilities (such as a big house or a fancy car) without understanding that these things are not assets that will generate cash flow. He instead encourages readers to focus on acquiring assets (such as rental properties or small businesses) that will generate cash flow over time and help them achieve financial freedom.
The book also covers topics such as the importance of financial education, the dangers of consumer debt, and the importance of taking calculated risks in order to achieve financial success. Kiyosaki encourages readers to look at money and investing in a new way and to start building a portfolio of assets that will generate cash flow over time.
Overall, "Rich Dad Poor Dad" is a personal finance and investing book that emphasizes the importance of financial literacy and encourages readers to think differently about money and investing. It provides practical advice and strategies for building wealth and achieving financial freedom through investing in assets.
