Book Review: “Rich Dad Poor Dad” by Robert T. Kiyosaki

I recently finished reading Rich Dad Poor Dad by Robert T. Kiyosaki. This book offers a very insightful approach to managing wealth so that one can achieve financial freedom. Although it doesn’t go into great detail into the specifics of investing, entrepreneurship, or running a business, Rich Dad Poor Dad does provide a strong foundation for financial literacy. I found this book very enlightening and it has shaped the way I look at my personal wealth and make financial decisions.

Kiyosaki named the book Rich Dad Poor Dad because the book revolves around lessons he learned from the two most influential mentors of his life, his biological father (Poor Dad), and his friend Mike’s father (Rich Dad). Even though Poor Dad was highly educated, had a Ph.D. and held degrees from Stanford University, the University of Chicago, and Northwestern University, he consistently struggled financially. Rich Dad, on the other hand, never finished the eight grade, but he still ran multiple successful businesses and was, according to Kiyosaki, “one of the richest men in Hawaii”. Rich Dad, Kiyosaki writes, “died leaving tens of millions of dollars to his family, charities, and his church” while Poor Dad “left bills to be paid when he died”.

The difference in fate was a result of the two profoundly different ways Rich Dad and Poor Dad looked at…