Rich Dad, Poor Dad

The storyline of the book Rich Dad Poor Dad is based upon the growing up of a child named Robert, with two different fathers. Yes, you heard it correctly, but not in the sense in which your very first and immediate assumption made you think about it.

Basically, the first dad or the “Poor Dad” is referred to as the biological father of Robert. On the other hand, the term, “Rich Dad” or the second dad, is used for the father of Robert’s best friend. Readers often say about this book that the book has been written in such a way which tranquilizes the assumptions of having a higher income level, if one needs to become rich.

In other words, the book leaves not even a single trace of backdrop for demolishing the fact that one should not work for money to become rich, but, instead focus on making the money work for their own self to be a rich person.

What is the use of this text?

This is a book of the non-fiction genre. It helps people on their journey towards personal finance.

Rich Dad Poor Dad – Some Important Points to Cover from the Book

The book Rich Dad Poor Dad highlights the following important points to learn:

• Busting the myth that it is essential to earn more money for becoming rich.
• One can see their own house as a valuable asset.
• Showcasing the parents that the school system will never be able to make their children rich.
• Not only distinguishing but also clearly defining what an asset is and what is a liability.
• Making the readers learn what should be taught to their children with regard to the money about their success in financial terms, in the near future, or when their kids grow up.

A Great Book for Learning Personal Finance – Rich Dad Poor Dad

Some key points with respect to the personal finance guidelines are the following:

• It consists of various important life lessons regarding being literate about finance.
• Holding one’s own responsibilities towards being a financial stabilizer.
• The creation of wealth with the help of promoting one’s own business and investments in the business.

Chief Purpose of the Book, Rich Dad Poor Dad

Business is All About Making Money, With the Help of Money

The book aims at educating the readers about how important it is to be educated on the finance terms. It also talks with regard to being a financially independent individual.

And apart from this, most importantly, about how someone can actually create his or her own, self-owned wealth. All this would be possible when someone judiciously invests their money.

Be it in buying assets, making investments in the real estate business, starting one’s own business. All such activities would then eventually help in increasing their overall intelligence, that is related to finance.

Moral of the Book, Rich Dad Poor Dad

Never Work for Money, Instead Make the Money Work for You.

The main moral of this book is that if someone wants to make money, then he or she should not simply work for making the money, but actually make money.

In other words, we can infer that one should carve out some special techniques, with the help of which, he or she will be able to make more money, that will be going to benefit the individual in hard times.

Basic Information About The Book

Name of the Book: Rich Dad Poor Dad

Publisher: Plata Publishing

Form: Paperback

ISBN-10: 1612680194

ISBN-13: 978-1612680194

Number of Pages: 336 Pages

Language: English

Dimensions: 4.25 x 1 x 7 Inches

Weight: 7.7 Ounces

Reading Age: 14 Years and Up

FAQs

1. What is the main message of the handbook, Rich Dad Poor Dad?

The book lays out emphasis on being educated, generally related to finance, advice pertaining towards the building of the asset, as well as creating an understanding about the money for achieving independence over financial concerns.

2. How are the liabilities and the assets different from each other as per Rich Dad Poor Dad?

This book tells the readers that the assets are those things which will be going to fill the bank with money for example business, investment etc. while on the other hand the liabilities are the ones which will be taking the money out from the bank such as expenses, debts etc.

3. What is the best way in which this book, Rich Dad Poor Dad challenges the conventional system of education?

This book tells that although the schools teach us about academic skills, these institutions do nothing when it comes to educating the students about financial skills, which is very much important for creating wealth.

4. Should only the entrepreneurs be reading Rich Dad Poor Dad?

No, this book is helpful for every person out there who wishes to improvise their financial literacy, no matter if they are under any employment or own a business.

5. Can the readers expect some sort of advice for investment purposes as well from Rich Dad Poor Dad?

No, they cannot! The book only helps to build a positive and healthy mindset for making money through financial education, rather than serving strategic investors.