Popular Finance Books: Rich Dad, Poor Dad by Robert Kiyosaki
📚 "Rich Dad, Poor Dad" detailed introduction
Hello everyone! Today, I'd like to share with you a bestseller hailed as the "financial enlightenment bible" —Rich Dad Poor Dad ! Written by Japanese-American author Robert T. Kiyosaki , this book, first published in 1997 , has been translated into dozens of languages and sold over 40 million copies worldwide. Whether you're a beginner looking to learn about finances or someone seeking to change their perspective on money, this book is a must-read.
🏷️ Book background
Robert Kiyosaki, born in Hawaii, has two distinct father figures who have influenced his life:
- Poor Dad : His biological father, a highly educated scholar who valued education and a stable job, but because he relied on his salary, he eventually ran into financial difficulties.
- Rich Dad : His friend’s father, a successful entrepreneur, did not receive higher education, but was good at investing and financial management, and accumulated a large amount of assets.
This book uses the contrast of two fathers to explain the importance of money values and financial freedom. I think this comparison is very insightful, allowing readers to quickly understand the difference between "poor thinking" and "rich thinking."
💡 Core Concept
1. Assets vs. Liabilities
The most important concept that Rich Dad taught Robert was to know the difference between assets and liabilities .
- Assets: Things that can bring you income (for example: investments, stocks, property rentals, businesses).
- Debt: Things that continue to cost you money (e.g., loans, luxury goods, excessive spending).
👉 The rich focus on buying assets, while the poor continue to accumulate debts.
2. Financial IQ
School education teaches people how to pass exams and find a good job, but it doesn't teach them how to manage money. Rich Dad emphasized that to achieve financial freedom, you must improve your financial intelligence, including:
- Financial knowledge 📖
- Investment Tips 📈
- Market understanding 🌍
- Legal and tax concepts ⚖️
3. Work to learn, not to make money
Poor dad taught people to "study hard - find a good job - earn a stable income", but rich dad believed that the real focus is to learn skills , such as sales, investment, and management, which can help you create wealth.
4. The Importance of Passive Income
Rich Dad advocates creating "passive income", which means that you don't need to exchange time for money, such as real estate rentals, investment dividends, royalties, etc.
5. Entrepreneurship and risk-taking
Poor dad was afraid of failure, but rich dad believed in "learning risk management" and was not afraid of falling because every failure was a learning experience.
📊 Six major wealth courses in the book
- Rich people don't work for money, they make money work for them.
- Financial education is more important than academic education.
- Must know how to manage cash flow.
- Learn how to invest your assets instead of relying solely on your salary.
- Build your own business, not just be an employee.
- Learn to use tax, legal and other tools to protect and increase wealth.
When I read this, I felt like my mind was "opened". I used to think that "making money = getting a job", but it turns out that money can work for us! 💡
🌍 Global influence
- Rich Dad, Poor Dad has been translated into more than 50 languages .
- With global sales exceeding 40 million copies , it is one of the best-selling financial books in history.
- The concepts in the book have influenced many investors and entrepreneurs, and even gave birth to the "financial education" industry.
🎯 Editor's perspective
I first watched "Rich Dad, Poor Dad" when I was in college. At that time, I was still living paycheck to paycheck. After watching it, I began to reflect on my attitude towards money and gradually started saving and investing.
Although some people now criticize Robert's story for being exaggerated, I feel that his real value is not "teaching you step by step which stocks to buy" but changing your attitude towards money .
- If you are a beginner, this book will help you lay a solid foundation.
- If you already have investment experience, this book will remind you that "financial intelligence is more important than technology."
🌟 Editor's summary
"Rich Dad, Poor Dad" is not a manual that "teaches you how to get rich instantly", but a financial enlightenment book that changes your mindset .
I think the most important revelation is:
- Learn to buy assets instead of being tied down by debt.
- Build passive income instead of forever trading time for money.
- Improve your financial intelligence, because true wealth comes from knowledge.
If you want to start on the road to financial freedom, this book is definitely the first step! 📖✨
