Rich Dad, Poor Dad by Robert T Kiyosaki – A Dad’s Perspective
Rich Dad, Poor Dad is a personal finance classic that has influenced millions of people since its release in 1997. Written by Robert T Kiyosaki, the book shares financial lessons through the contrasting philosophies of two father figures:
- “Poor Dad” – His biological father, a highly educated man who followed the traditional route of working hard, getting a good job, and prioritizing financial security.
- “Rich Dad” – His best friend’s father, a self-made entrepreneur who taught him about money, investing, and wealth-building.
The book emphasizes financial education, investing, and escaping the “rat race” of paycheck-to-paycheck living.
Background on Robert T Kiyosaki
Robert T Kiyosaki is an entrepreneur, investor, and educator best known for his work in financial literacy and wealth-building. Born in Hilo, Hawaii, in 1947, Kiyosaki served in the U.S. Marine Corps before starting his career in business. His entrepreneurial journey includes successes and failures in various industries, and he credits his financial philosophy to the teachings of his “Rich Dad.”
Beyond Rich Dad, Poor Dad, Robert T Kiyosaki has authored multiple books and developed financial education programs, board games, and investment courses to help people achieve financial independence. His key message revolves around owning assets, investing wisely, and not relying solely on a paycheck for financial security.
Key Lessons from Rich Dad, Poor Dad
1. The Difference Between Assets and Liabilities
One of Kiyosaki’s most famous lessons is:
“The rich buy assets. The poor and middle class buy liabilities that they think are assets.”
Takeaway for Dads: Teaching your kids the difference between assets (things that make you money) and liabilities (things that cost you money) is crucial. Encourage them to invest in income-generating assets like real estate, businesses, or stocks instead of only relying on a paycheck.
2. Work for Knowledge, Not Just Money
Kiyosaki argues that traditional education teaches people to work for money, but not how to make money work for them. Instead of just chasing higher salaries, he suggests learning valuable financial skills, investing, and building businesses.
Dad Perspective: Instead of telling kids to “get a good job,” we can encourage financial literacy early by teaching them about budgeting, investing, and side hustles.
3. The Importance of Financial Education
Schools rarely teach financial literacy, so Kiyosaki stresses that parents need to take the lead. Learning about cash flow, passive income, and investments can set kids up for long-term success.
Dad Perspective: As dads, we can make finance fun for our kids by playing money-related board games (like Monopoly), setting up savings challenges, or involving them in small family budgeting decisions.
4. Entrepreneurship Over Job Security
Instead of following the traditional path of going to school → getting a job → working for decades, Kiyosaki encourages people to build businesses, invest, and create multiple income streams.
Dad Perspective: While not everyone needs to be an entrepreneur, teaching kids the value of creating opportunities—whether through freelancing, investing, or starting a small side business—can give them more financial freedom in the long run.
Quotes from Dads About the Book
“This book completely changed the way I think about money. Now, I teach my kids to focus on assets, not just working harder.” – Mark, father of two
“I wish I had read this when I was younger. My goal now is to make sure my kids understand financial literacy early on.” – James, dad of three
“Kiyosaki’s lesson on financial independence hit home for me. I don’t just want my kids to have a job; I want them to build wealth.” – David, single father
FAQ About Rich Dad, Poor Dad
Yes! It’s one of the best books for financial beginners because it focuses on mindset shifts rather than technical investment strategies.
Yes! It’s one of the best books for financial beginners because it focuses on mindset shifts rather than technical investment strategies.
While the book is written for adults, teens and young adults can also benefit from its financial principles. Parents can introduce simplified lessons from the book to younger children.
Not exactly. It’s more about financial philosophy and mindset rather than detailed investment strategies. For step-by-step investment guides, Kiyosaki’s later books may be more helpful.
Some critics argue that the book lacks specific financial tactics and is more motivational than instructional. Others question whether “Rich Dad” actually existed. However, the mindset shift it offers is still valuable.
Where to Buy Rich Dad, Poor Dad
✔ Amazon – Available in paperback, hardcover, audiobook, and Kindle editions. Visit Here ✔ Barnes & Noble – Check online or visit a store for physical copies. Visit Here ✔ Audible – Great option if you prefer to listen to the book on the go. Visit Here
Final Thoughts – Should Dads Read It?
✔ Yes! If you’re a dad looking to break the paycheck-to-paycheck cycle and raise financially smart kids, Rich Dad, Poor Dad is a must-read. ✔ Best for: Parents who want to rethink money, teach their kids financial independence, or start investing. ✔ Skip it if: You’re looking for detailed investment strategies rather than mindset shifts.
Have You Read Rich Dad, Poor Dad?
What’s your biggest takeaway? Would you teach your kids these lessons? Let’s discuss! 🚀
