Rich Dad Poor Dad
What the Rich Teach Their Kids About Money (1997)
Kiyosaki's foundational book contrasting the financial philosophies of his two fathers. A powerful argument for financial education and building assets instead of working for a paycheck.
- The difference between assets and liabilities.
- Escaping the "rat race."
- The importance of financial literacy.
Introduction β The Rich Donβt Work for Money
Poor dad valued a steady paycheck; rich dad taught money should work for you.
Lesson 1 β The Rich Donβt Work for Money
The poor and middle class work for money; the rich make money work for them.
Lesson 2 β Why Teach Financial Literacy?
Itβs not how much you earn, itβs how much you keep β know assets vs liabilities.
Lesson 3 β Mind Your Own Business
Treat your finances like a business β build income-generating assets outside your job.
Lesson 4 β The History of Taxes and the Power of Corporations
Learn how legal structures and financial knowledge reduce taxes and protect wealth.
Lesson 5 β The Rich Invent Money
Opportunity favors the financially prepared β creativity + knowledge creates money.
Lesson 6 β Work to Learn β Donβt Work for Money
Choose jobs that teach valuable skills (sales, marketing, investing), not just paychecks.
Lesson 7 β Overcoming Obstacles
Fear, cynicism, laziness, bad habits, and arrogance block financial progress.
Lesson 8 β Getting Started
Find a compelling "why," adopt daily wealth-building habits, and start small.
Lesson 9 β Still Want More? Here Are Some To-Doβs
Stop ineffective behaviors, search for new ideas, and network with knowledgeable people.
Quick Reference β One-line Takeaways
- Know the difference: assets vs liabilities.
- Build assets first; minimize liabilities.
- Use corporations and structures legally where helpful.
- Work to learn, not only to earn.
- Control fear, act with financial knowledge, and keep learning.
Ready to Take action
Start listing your assets & liabilities this week. Aim to add one small income-generating asset in 90 days.
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