Today in this post I will share, Rich Dad Poor Dad book summary and review. Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lecter. It advocates the importance of financial knowledge (financial education), financial independence and building wealth through investment, real estate investment, and starting and owning businesses.

Rich Dad Poor Dad is ostensibly written in a storytelling style based on Kiyosaki's life. Rich Dad' is the father of a friend who has accumulated wealth through entrepreneurship and smart investment, and 'Poor Dad' is Kiyosaki's biological father who worked hard all his life but did not find financial stability.

Rich Dad Poor Dad

Rich Dad Poor Dad book summary

 A Self Help Fund book co-authored by Robert Kiyosaki and Sharon Lester by Rich Dad Poor Dad, Rich Dad Poor Dad. This book explains how to become financially independent through investment, real estate, self-employment and financial security strategies. This book is currently being published in Tamil by Kannadasan Publishing under the title Money Purindavan.

The book is based on Kyosaki's upbringing and education in Hawaii. The book details how people with two different life backgrounds dealt with money, life, and work, and how those methods dominated the making of important decisions in Kyosaki's life.

Some of the topics covered in the book are:

    1. The value of knowledge about finance

    2. Companies pay taxes only after they have spent, while individuals must first pay taxes.

    3.The so-called companies are artificial systems that everyone can use, but the poor do not know how to use it.

According to Kiyosaki and Lester, your wealth is measured by how many days the income from your assets can be your livelihood. Wealth is measured when your monthly income exceeds your monthly expenses, making it possible for you to become self-sufficient in financial conditions. The two fathers who are the characters in this book have taken different steps to teach their sons these things.

Rich Dad Poor Dad book review 

Rich Dad Poor Dad has been criticized for having virtually no concrete advice and "lessons" in too many parables. There are readers who claim to have finished the book feeling motivated and ready to start "escape the rat race," only to realize soon after that they had no idea how to go about it. Writer and businessman John T.

Reed opined that "the book contains a lot of wrong advice, a lot of bad advice, some dangerous advice, and virtually no good advice"; he also states, "Rich Dad Poor Dad is one of the dumbest financial advice books I've ever read. It contains many factual errors and numerous very unlikely accounts of events that supposedly occurred."Kiyosaki provided a response to many of Reed's claims.

Some of the claims Kiyosaki makes in Rich Dad Poor Dad about his accomplishments appear to be exaggerations, lies, or misdirection. There has been speculation about the identity of his "rich dad" and whether this individual ever existed, supported by the reasoning that such a man, whom Kiyosaki describes as "one of the wealthiest in Hawaii" and his family, continue his tradition , would have been well known in a small state like Hawaii.

In the February 2003 issue of the American magazine SmartMoney, Kiyosaki backed off the claim that his "rich dad" was a real person, saying, "Is Harry Potter real? Why don't you let rich dad be a myth, like Harry Potter? Potter?"


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