Rich dad, poor dad : what the rich teach their kids about money - that the poor and middle class do not!

Rich Dad, Poor Dad chronicles the story of the authors two dads, his own father, who wa the superintendent of education in Hawaii and who ended up dying penniless and his best friends father who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a new financial paradigm in order to achieve financial success in the new millennium. April of 2022 marks a 25-year milestone for the personal finance classic Rich Dad Poor Dad that still ranks as the #1 Personal Finance book of all time. And although 25 years have passed since Rich Dad Poor Dad was first published, readers will find that very little in the book itself has changed — and for good reason. While so much in our world is changing a high speed, the lessons about money and the principles of Rich Dad Poor Dad haven’t changed. Today, as money continues to play a key role in our daily lives, the messages in Robert Kiyosaki’s international bestseller are more timely and more important than ever. Milestones While there is a milestone to commemorate — and a new section in the book on Why Milestones Are Important — preserving the integrity of the original content is testimony to the fact that this book has truly stood the test of time. The sidebars throughout the book (that were updated for the 20-year anniversary edition) have been updated again, but the core principles that parents and grandparents — those who embraced Robert’s story and messages 25 years ago — are sharing them with new generations who have found that its timeless wisdom and no-nonsense lessons can be applied to anyone’s life and their vision for a future that includes taking control of their finances. People of all cultures and countries celebrate milestones. We use them to measure time, mark progress, reflect on the lessons we’ve learned, and celebrate accomplishments... and they give meaning to our life’s journey. They are a way that we integrate past, present, and future... looking back at where we started, where we are today... and the promise of all that the future can hold. Robert T. Kiyosaki learned early on that the real reason the rich get richer and the poor get poorer fix the financial savvy passed down from one generation to the next, rather than the money itself. Rich dad, poor dad uses the author's two "fathers" -- one, an entrepreneur who mentored Kiyosaki, and his real father, an academic -- as models of two starkly different approaches to finance. Kiyosaki's many insights for individual investors include: -- How to raise capital for investments without going to the bank-- Why a high salary alone can't create real wealth-- Why "study hard, get good grades, find a secure job" is the most dangerous advice a parent can give Rich dad, poor dad Lesson one : the rich don't work for money Lesson two : why teach financial literacy? Lesson three : mind your own business Lesson four : the history of taxes and the power of corporations Lesson five : the rich invent money Lesson six : work to learn don't work for money Overcoming obstacles Getting started Still want more? Epilogue: College education for $7,000 Taking to heart the message that the poor and middle class work for money, but the rich have money work for them, the author lays out a financial philosophy based on the principle that income-generating assets always provide healthier bottom-line results Argues that a good education and a secure job are not guarantees for financial success, and describes six guidelines for making money work for you