Rich Dad Poor Dad By Robert Kiyosaki and Sharon Lechter

Though,it is an interesting book but still, what I particularly felt was that the author has been  talking about very simple things in a very lucid manner & which any normal boy belonging to a business class family knows.&  that’s  the beauty of this book.For a boy who has not got such financial exposure, this book can do wonders.

Authors have emphasised specially on making the definitions of Asstes & Liabilities clear, leaving no stone unturned to make them clear to the speaker.Undoubtedly, the book is able to live upto the expectations & has  attained it’s ultimate objective i.e. Distinguishing what the rich teach their kids about money-That the poor & Middle Class Do Not!!!!The book is full of instances,personal as well as others.The concept that “Rich don’t work for money but Money work for them” is also prettty enlightening.

Below written is the summary of the book : 

The book is largely based on Kiyosaki’s upbringing and education in Hawaii, although the degree of fictionalization in his anecdotes is disputed. Because of the heavy use of allegory, some readers believe that Kiyosaki created the Rich Dad character as an author surrogate (a literary device), discussed further in the criticism section below. Many readers believe that the “Rich Dad” in the book is actually the founder of Hawaii’s widespread ABC Stores.

Anthony Robbins holds a seminar called ‘Wealth Mastery’ and one of the keynote speakers is Keith Cunningham. During the seminar Cunningham claimed to be Kiyosaki’s Rich Dad. This is highly unlikely not only because of the similarity in age between Cunningham and Kiyosaki, but also because Kiyosaki had stated in his books that Rich Dad had died in 1994. In addition, Kiyosaki mentions Keith Cunningham as “a dear friend of mine” on page eighty-five. Some have claimed that Rich Dad was a person named Richard Kimi, the deceased founder of Sand and Seaside Hawaiian Hotels.

The book highlights the different attitudes to money, work and life of these two men, and how they in turn influenced key decisions in Kiyosaki’s life.

Among some of the book’s topics are:

• the value of financial intelligence
• that corporations spend first, then pay taxes, while individuals must pay taxes first
• that corporations are artificial entities that anyone can use, but the poor usually don’t know how

According to Kiyosaki and Lechter, wealth is measured as the number of days the income from your assets will sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses. Each dad had a different way of teaching his son….