Rich Dad Poor Dad – PDF & Summary
Rich Dad Poor Dad is one the best book written on Financial Freedom. Financial Freedom is not about being a millionaire or a billionaire but it actually means that “you have more cash flowing in every month from our investments than was flowing out in living expenses.” Rich Dad Poor Dad – PDF
The book was written in April 1997 by Robert T. Kiyosaki, who achieved financial freedom in 1994 when he started earning $10,000 per month from our rental real estate investments, and $3,000 per month going out in living expenses. When people started asking how he achieved Financial Freedom then he launched a board game named “Cash Flow“, which formed the basis for this book.
- Year(s) Published – 1997, 2011, & 2017 (20th Anniversary)
- Amazon Kindle Rank – #4 in Top Personal Finance Books of All Time
- Amazon Top Authors Rank – Robert Kiyosaki is #4 in the Business & Money Category
- Bestsellers Lists – Business Week, The New York Times, Wall Street Journal, & USA Today
- Copies Sold – 35 Million Copies in 51 different languages
- Price – $7.0 (Mass Market Paperback), 375 INR (Amazon, India)
About The Author – Robert Kiyosaki
Rich Dad Poor Dad Summary
In “Rich Dad Poor Dad”, Robert Kiyosaki shares what he learned about wealth from his “rich dad” and “poor dad”, the secrets that separate the Rich from the Poor and Middle Class, and how we can apply this to grow our wealth.
Kiyosaki was fortunate to grow up with 2 fathers – his real father and his best friend’s father – one poor and other rich. By comparing and reflecting upon the different advice given by each dad, Kiyosaki was able to learn from both of them.
• “Poor Dad”. His father was a school teacher with good degrees and a Ph.D. Yet, despite earning a good salary, he struggled with debt and finances his whole life.
• “Rich Dad”. His best friend Mike’s father was a business owner who never finished eighth grade, but eventually became one of the richest men in Hawaii.
At the age of 9, Kiyosaki and Mike asked Rich Dad to teach them how to get rich. Rich Dad began their financial education through real-life lessons, for 30 years until Kiyosaki was 39 years old. In this book, Robert Kiyosaki shares his learning journey and the 6 fundamental lessons that he learned over these 30 years, namely:
- ‘It’s not how much money you make. It’s how much money you keep.’
- ‘The poor and the middle-class work for money. The rich have money work for them.’
- ‘It’s not the smart who get ahead, but the bold.’
- ‘The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth.’
- ‘The rich focus on their asset columns while everyone else focuses on their income statements.’
- ‘People who avoid failure also avoid success.’
Rich Dad Poor Dad – Best Quotes
“In school, we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”
“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
“You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.”
“If you’re the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.”
“Emotions are what make us human. Make us real. The word ’emotion’ stands for energy in motion. Be truthful about your emotions, and use your mind and emotions in your favor, not against yourself.”
“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth in what seems to be an instant.”
“If you realize that you’re the problem, then you can change yourself, learn something and grow wiser. Don’t blame other people for your problems.”
“Workers work hard enough to not be fired, and owners pay just enough so that workers won’t quit.”
“I am concerned that too many people are focused too much on money and not on their greatest wealth, which is their education. If people are prepared to be flexible, keep an open mind and learn, they will grow richer and richer through the changes. If they think money will solve the problems, I am afraid those people will have a rough ride. Intelligence solves problems and produces money. Money without financial intelligence is money soon gone.”
Rich Dad Poor Dad – Reviews
This book is not just about money. It’s about how we are taught to think; how we are programmed by schools, family, and friends to look at the rich as greedy no good bloodsuckers and opportunities as risks. It is an attempt to reprogram minds to look at why we do what we do.. why do we buy all these shoes, clothes, cars, jewelry.. have we earned it or are we just trying to maintain an image?
To me the most important thing it teaches is that being educated is the key.. educated in our motives, in money, in the world around us.. educated does not always mean a degree lesson can be learned anywhere at anytime..
The book is great for people like me who think in pictures and in theory. He explains his financial theories clearly and adds diagrams to explain how money flows into and out of our wallets. I have read other financial self-help books and they were too detailed, too “do this…do that…” For me that didn’t help or motivate me because, I don’t do anything unless I want to do it. Other books never really gave me the why. They told me what I needed to correct.. but if I don’t see anything wrong in what I am doing.. why should I take steps to correct it? This book broke down to me the whys. And now I am ready for action.
– Written by L
This is a GREAT book! I can definitely say it changed my life and they way I look at money and finances. For example, my husband and I bought investment properties after I had him read it as well. It is very easy and interesting to read. READ IT! READ IT! READ IT!
Here is one of my favorite lines from it, approximately quoted: “I have never met a rich man who hasn’t lost a lot of money, but I have met a lot of poor men who have never lost a dime.” True! SO TRUE. Everytime I lose money in an investment, I remember how much better I am for investing and making my money work for me than just hiding it and hoping nothing bad happens to it.
Also, I loved the story of the young talented writer who came to Robert Kiyosaki and lamented not being able to get published. He told her she was very talented, and that she should take a sales class. She was mortified. SALES? She was a gifted writer, not a lowly salesperson. (I excelled at sales, so I personally already was thinking she was kind of dumb.) Robert Kiyosaki pointed out that the cover if his book said “Best SELLING author”, not “Best WRITING author”. She was miffed. He was right.
I saw some other reviews saying they disliked the way he talks about people with tons of education always being poor, as if he is above them and so much smarter. Honestly, there is nothing wrong with having lots of education and still being poor, if that’s all you want. This book is about how to be smart financially, though. Feel free to be poor. I want to be a millionaire soon. So I learn about money. And I love and learn from Robert Kiyosaki, who is great at that.
Lots of people look at him and get annoyed that he is so rich and successful, and don’t like him. I instead look at how he is rich and successful, and try to figure out how he did it. Amen.
– Written by Abby
This book goes on my shelf of four books I read over and over, books I read devotionally. It totally revolutionized my outlook not only on making money, but also on education. I wish everyone would read this. I wish the close-minded, those who graduated from whatever school they attended and haven’t allowed themselves a new thought since, could break through the stone walls they have erected around their souls and let this in. This message can save our world! I am not exaggerating.
(May 24, 2016) I just finished re-re-re-reading Rich Dad, Poor Dad. From the first chapter it was like watching a fireworks show. The insights! Admittedly, I love seeing things in a new way, and I love having a different take on things. What Kiyosaki has to say on education should be broadcast, read, and studied, and all education systems in the world should take him into account. If a lot more people would read and take to heart his financial advice, I think the world’s economy would be much better. Now I have to go out and live this. And I’m starting the book over tomorrow.
– Written by Will Thomas
Rich Dad Poor Dad Diagram
The author Robert Kiyosaki uses simple diagrams to explain very complex money concepts. The most important of them all is to understand the difference between assets and liabilities.
This is how he explains it using this diagram. This one is arguably the most powerful diagram in personal finance.
The picture on the left and middle is how the poor and the middle class handle money. They accumulate liabilities that continue to take money out of their pocket.
The picture on the right is how the rich handle money. They accumulate assets that put even more money in their pocket. According to the author, anyone can choose to be rich or poor. It is not luck or inheritance. It is a matter or choice and financial literacy.
Rich Dad Poor Dad PDF Download
You can download the PDF in Hindi, English, Urdu, and another language here.
Rich Dad Poor Dad – Listen Online For Free
It is available in 3 parts and the total duration is around 3 hours. You can listen to them here
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