Why We Love It:

Kiyosaki emphasizes the importance of understanding personal finance. He advises saving a significant portion of your earnings and investing in profitable assets. His mantra: “It’s not how much money you make. It’s how much money you keep.” Cut spending, increase income, and invest wisely. Kiyosaki’s definitions of assets and liabilities may differ from accounting principles, but the concept is practical. Assets put money in your pocket, while liabilities take money out. Focus on accumulating income-generating assets.

But the book’s most critical lesson is this: that we must pass on financial knowledge to our children. Teach them about money management, taxes, and investing. Empower the next generation with essential financial skills. While some readers have found reason to criticize the book’s accuracy and storytelling, its motivational impact remains strong after more than two and a half decades. Consider reading it, especially if you’re new to entrepreneurship or investing. Just remember to take some advice with a grain of salt,

Favorite Quotes:

“In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.” – Robert T. Kiyosaki

“We all have tremendous potential, and we all are blessed with gifts. Yet, the one thing that holds all of us back is some degree of self-doubt. It is not so much the lack of technical information that holds us back, but more the lack of self-confidence.” – Robert T. Kiyosaki

“A person can be highly educated, professionally successful, and financially illiterate. These people often work harder than they need to because they learned how to work hard, but not how to have their money work hard for them.” – Robert T. Kiyosaki

Book Jacket Summary:

It’s been nearly 25 years since Robert Kiyosaki’s Rich Dad Poor Dad first made waves in the Personal Finance arena. It has since become the #1 Personal Finance book of all time… translated into dozens of languages and sold around the world. Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad, and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

In the 20th Anniversary Edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers “fast forward” — from 1997 to today — as Robert assesses how the principles taught by his rich dad have stood the test of time.

In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago. As always, readers can expect that Robert will be candid, insightful… and continue to rock more than a few boats in his retrospective. Will there be a few surprises? Count on it.