Summary Rich Dad Poor Dad

Robert Kiyosaki tells the story of his two Dad's in his childhood. His own father and the father of his best friend. While he speaks affectionately of both, they were very different when it came to dealing with finances.
Summary Rich Dad Poor Dadstarts with the idea that many of us are too afraid of being branded as a weirdo, in order to exit the rat race. We let the two main emotions everyone has around money dominate our decisions: fear and greed. That's why we still stick to the outdated mantra "Go to school, go to college, get a job, play it safe." when in reality no job is safe any more.
For example, when you get a raise at your job, a wise choice would be to invest the extra money. Put it into something that builds wealth like stocks or bonds, which has risk, but a lot of potential. Maybe you find a good fund with a 60% chance to double your money within a year, but a 40% chance of losing it all. However, most likely your fear of losing the money altogether will keep you from doing so.
But when your greed takes over, you might then spend the extra money on an improved lifestyle. You might buy a fancy new car, and the payments eat up the money, for instance. This way you're almost certain to lose 100%. This already gives you a glimpse of how important it is to educate yourself financially. Since we receive no financial education in school or college, sadly, this is entirely up to you.
Look around and you'll see plenty of financially ignorant people in your own life. Just take a look at local politicians. Is their city in debt? Your mayor might be great, but unfortunately, he probably doesn't know how to deal with money.
Rich Dad Poor Dad is a modern classic of personal finance and our favorite finance book of all time. Although the book is controversial and often takes criticism, people still believe it's worth reading.
But how do we find time to read and remember all 336 pages?
Most of us don't. The book becomes another item on that backlog of to-dos we never seem to go to. That's why we summarized the entire book for you.
If you've already read the original, you will take a problem is that it's too long. So if you want to refresh in memory the content and it take less time then this book is for you. It has all the most important points but it's not too long. Perfect for rereading and for those who didn't read it in original but want to get a taste of This classic book will turn your relationships around and improve your interactions with everyone in your life.


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