RICH DAD POOR DAD

BY, ROBERT KIYOSAKI

Report by: Om Kotak | Corporate communication | 21.03.21

Why I chose this book??
It was certainly due to my interest in business and money so starting with a book
like this could simply help me build the foundation in my mind about what and
when to do. Moreover I’m quite fond of my dad and admire him a lot and knowing
my character he advised me to go with this book as it is simple to understand for me
and that it was good for me to begin reading with.

INTRODUCTION/OVERVIEW OF THE BOOK

 Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father
(poor dad) and the father of his best friend (rich dad)—and the ways in which
both men shaped his thoughts about money and investing.
 You don’t need to earn a high income to be rich.
 Rich people make money work for them.

BACKGROUND
1. The poor and the middle-class work for money. The rich have money work for
them.
2. It’s not how much money you make that matters. It’s how much money you
keep.
3. Rich people acquire assets. The poor and middle class acquire liabilities that
they think are assets.
4. Financial aptitude is what you do with money once you make it, how you keep
people from taking it from you, how to keep it longer, and how you make
money work hard for you.
5. The single most powerful asset we all have is our mind.

THEME IN BRIEF
The book is mainly about managing money it helps you understand the importance
of money in life and most importantly is based on making passive income. It’s
actually not about making money but to manage them effectively and make them
work for you. It also states the difference between dead and living assets. But as the
name suggests, it gives contrasting views on the topic of money, i.e. how the
ideology matters by comparing life of a rich person with a poor one.

CHARACTERS
1. Robert Kiyosaki (himself)
2. Rich dad (he also believed him to be his father)
3. Poor dad (biological father)

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REVIEW

1. THE FIVE BIG IDEAS

1.1. The poor and the middle-class work for money. The rich have money work
for them.
1.2. It’s not how much money you make that matters. It’s how much money you
keep.
1.3. Rich people acquire assets. The poor and middle class acquire liabilities that
they think are assets.
1.4. Financial aptitude is what you do with money once you make it, how you
keep people from taking it from you, how to keep it longer, and how you
make money work hard for you.
1.5. The single most powerful asset we all have is our mind.

2. SUMMARY IN BRIEF

After reading this book, I realized that the concept of trading time for money just
isn’t the smartest way to go through life. Your money should work for you—not the
other way around. The author of Rich Dad, Poor Dad, Robert Kiyosaki, believes
precisely that. Here are some of his key concepts:
 Being rich = freedom (As you’ll notice, this is a common theme in my blog)
 Rich people make money work for them, while most everyone else works
for money
 Financial education is a key to success.
In regards to that last concept, Kiyosaki has a lot to say. For example, I just love this
quote from the first chapter:
“Most people never study the subject [of money]. They go to work, get their paycheck,
balance their checkbooks, and that’s it. On top of that, they wonder why they have
money problems. Few realize that it’s their lack of financial education that is the
problem.”
This book awakened in me an almost insatiable appetite for financial books. Soon
after reading it, I found myself tearing through book after book on personal finance,
learning and absorbing all that I possibly could. As a result, I learned so much more
than I would have otherwise. If nothing else, that alone is worth the price of the
book.

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