The book, Rich Dad, Poor Dad is one literary classic authored by Robert T. Kiyosaki and Sharon Lechter. Genre is personal finance. Rich Dad, Poor Dad contains a total of 10 chapters and 226 pages. The book unfolds with the author’s early years and the contrasting points of view he had about his two father figures; one of a rich man and one of a poor man. The rich dad happens to be his friend’s dad and the poor man his biological father. One dad struggled to save a few dollars. The other simply created investments. Being a product of both dads, the author learned from both of them and he did put those learning to good use. Those lessons from both dads is simply what the book is about.
From the first chapter to the last, this is one book that will leave you on the edge of your seat and have you question so many beliefs you might have been fed on as regards financial intelligence and financial independence. I’ve come across a few personal finance books but “Rich Dad, Poor Dad is like no other. It’s a masterpiece. For me, it’s that book. Robert’s clear cut expression and no-mincing of words attitude about financial concepts like Cashflow, Assets and Liabilities will make you fall in love with the book. Need I say that it was love at first read for me.
The author also provides valuable insights into how the rich invent money and make money work for them and how the poor are perpetually stuck in the Rat Race -“ the pattern of get up, go to work, pay bills, get up, go to work, pay bills”. It goes on and on. And it only takes financial education to break free from this cycle. According to the author, “Money is one form of power. But, what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin to build wealth.”
There are so many takeaways from this classic piece. However, one substantial message the author hammered on is the inability of the conventional educational system to equip students with financial education. He went further to say that school only prepare students to be employees instead of sharpening their financial quotient. Students are hereby urged to acquire financial education such as smart investment techniques required for financial independence and building wealth.
Conclusively, Rich Dad, poor Dad is more than a book. It’s a call to action to learn, relearn and unlearn. It’s a must-read for anyone looking to improve their financial intelligence and sharpen their financial quotient.
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