Rich Dad, Poor Dad

What the Rich Teach Their Kids about Money - that the Poor and Middle Class Do Not!

Robert T. Kiyosaki

12 min read
42s intro

Brief summary

Financial success comes from understanding the difference between assets that build wealth and liabilities that drain it. This book contrasts the advice of two father figures—one a highly educated employee, the other a millionaire dropout—to teach you how to make money work for you.

Who it's for

This book is for anyone who feels trapped by their paycheck and wants to build a foundation for long-term financial independence.

Rich Dad, Poor Dad

Audio & text in the Readsome app

Learning Different Lessons About Money from Two Fathers

Robert Kiyosaki grew up with two fathers who offered opposing views on wealth. His "poor dad" was a highly educated teacher, while his "rich dad" never finished eighth grade. Both were successful and hardworking, yet one died leaving bills, while the other left millions. This contrast showed that financial success depends more on how a person thinks than how much they earn.

The two men used language that shaped their lives. One would say, "I can't afford it," which acted as a mental shut-off switch. The other insisted on asking, "How can I afford it?" This shift forced the brain to find solutions, treating the mind like a muscle that grows stronger with exercise. While one father put his brain to sleep regarding money, the other constantly challenged it to grow.

Schools focus on job skills but ignore how to manage money. This is why many smart professionals struggle with debt despite their high grades. They are taught to work for a paycheck but never learn how to make money work for them. They view a home as their biggest investment, while the rich see it as an expense that takes money out of their pockets. True power comes from understanding how money works rather than just working for it. By choosing financial education over simple job security, a person gains control over their future, moving from being a servant of money to its master.

Full summary available in the Readsome app

Get it on Google PlayDownload on the App Store

About the author

Robert T. Kiyosaki

Robert T. Kiyosaki is an American entrepreneur, investor, and author known for his "Rich Dad" brand of financial education. Through his company, he provides personal finance and business instruction via books, seminars, and games, advocating for financial independence through investing in assets like real estate to generate passive income. Kiyosaki's work, including over 26 books, has challenged conventional financial advice and influenced how many people approach wealth-building.

Similar book summaries