Robert Kiyosaki reveals how he developed his unique economic perspective from his two fathers: his real father, who was highly educated but fiscally poor; and the father of his best friend - an eighth-grade drop-out who became a self-made multi-millionaire. The lifelong monetary problems experienced by his "poor dad" pounded home the counterpoint communicated by his "rich dad". Taking that message to heart, Kiyosaki was able to retire at the age of 47. This book lays out his philosophy and aims to open readers eyes by: exploding the myth that you need to earn a high income to be rich; challenging the belief that your house is an asset; showing parents why they can't rely on schools to teach their children about money; defining once and for all an asset versus a liability; and explaining what to teach your children about money for their future financial success.
Initial thoughts: This is a re-read for me after nearly ten years. It's kinda cool to see which lessons I did internalise and which ones I'd completely forgotten about it. I remember in junior college, we had a couple of very basic financial literacy courses. During that time, a lot of the concepts in the book seemed simple enough but also too abstract for real life. Actually getting there seemed out of reach as a teen but it did plant the idea at the back of my mind that there are alternative ways towards financial independence.
Reading Rich Dad, Poor Dad can either discourage or inspire you to take action, depending on your perspective. Personally, I want to take action, which is why I re-read the book, now that I've gained a little more experience in the world post-university.
