Rich Dad, Poor Dad by Robert Kiyosaki presents the skills, mindset, and motivation for anyone who wants to improve themselves financially. By introducing his beliefs in a style that the average person can understand, Kiyosaki effectively destroys the fallacy that only professionals can invest money and manage wealth. This book is an important asset for anyone seeking to take control of their financial future, regardless of their college degree or current profession.
Kiyosaki offers his own life story as an example of his teachings in action. The title of the book refers to his own childhood. He witnesses his father struggle financially, while his mentor whom he refers to as his rich dad works his way to financial success. Kiyosaki’s two “dads” serve as representations of the two of the routes we can take in life in terms of finances; either we join what he refers to as the “Rat Race,” or we equip ourselves with the means of escaping it. He argues that a clear majority of Americans remain stuck in the rat race because our education system avoids trying to educate people on the basics of personal finances. The “Rat Race” that Kiyosaki refers to many times throughout the book is the perpetual struggle of financial highs and lows without any progress that people experience in life. In order to escape this endless struggle, he proposes numerous ideas about finances that many would consider controversial. Kiyosaki argues against a home being an asset, he rejects the notion that a high income is necessary to become rich, and he urges parents to teach kids about money since the school system cannot. The great part about this book is that Kiyosaki’s ideas are all supported by his own life story.
This book strongly supports capitalism and presents how to flourish in a capitalist society. While readers who strongly oppose capitalism might wish to avoid this book, they should reconsider passing up on this opportunity. In Rich Dad, Poor Dad Kiyosaki explains why he supports capitalism, and even if a reader is not convinced by his reasoning, his financial advice can still be applied to anyone’s life. Written in a short and easy to understand style, Rich Dad, Poor Dad can help any reader to enhance their financial intelligence.