Financial Freedom

Rich Dad Poor Dad is a book by Robert Kiyosaki. It advocates financial independence through investing, real estate, owning businesses, and increasing one's financial intelligence.
Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's life.[1] Kiyosaki stresses the ownership of high value assets, rather than being an employee as a recurring theme in the book's chapters.

The book is largely based on Kiyosaki's upbringing and education in Hawaii. The book highlights the different attitudes to money work and life of two men (His rich dad and his poor dad), and how they in turn influenced key decisions in Kiyosaki's life.
Among some of the book's topics are:
  • Robert Kyosaki's personal story
  • The difference between assets and liabilities
  • What the rich teach their kids about money that the poor and middle class do not
  • Your house is not an asset, unless you use it to produce revenue
  • The value of financial intelligence and financial literacy
  • 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 do not know how
  • The importance of investing and entrepreneurship
Kiyosaki advocated Dr. Buckminster Fuller's views on wealth, that wealth is measured by the number of days the income from your assets can sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses.

~summary Rich Dad Poor Dad by Robert T Kiyosaki~

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