Rich Dad Poor Dad consists of 10 chapters and an epilogue. The importance of knowing the difference between assets and liabilities and focusing on investing in assets is emphasized through multiple chapters and called “the number one and the only rule”. The author wishes that everyone was taught the basics of finances from childhood like he was, which he lists as one of the reasons for writing this book. The book introduces the concepts of cash flow, balance sheet, income statement, assets, and liabilities in a simple manner, easy for everyone to understand. Kiyosaki often tried to understand the perspective of both his rich dad and poor dad, however, his rich dad’s advice is what helped him gain knowledge of finances and acquire wealth.
His real father was a professor who earned a lot yet always struggled financially, while his friend’s father, an entrepreneur who left school at an early age ended up as one of the richest people in Hawaii. The name of the book comes from Kiyosaki’s real father who was the “poor dad” and his friend’s father who was the “rich dad”.
What Is Being Said In Detail Rich Dad Poor Dad follows snippets of Robert Kiyosaki’s childhood as he starts learning about money from the young age of nine.
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