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Best Summary : Rich Dad & Poor Dad : What the rich teach their children about money.
"Rich Dad, Poor Dad" is the story of two fathers living in Hawaii, an American archipelago in the central Pacific. One father was rich and the other poor.
One had a lot of degrees, and held a position of responsibility in his archipelago. The other had barely graduated from high school. Both had a good professional career and earned a good living.
However, one of the fathers was constantly in financial difficulties, while the other ended up becoming one of the most powerful men in the region within a few years.
What distinguishes these two characters, and their fates, is simply the mastery of an inclusive financial education, as evidenced by the author who learned it at the age of 9.
The poor father in this story is the real Father of the author Robert Kiyosaki, while his "rich father" as he liked to call him was an entrepreneur and friend of the family. From him, he learns simple financial laws that will completely change his life and the lives of millions of others.
By reading this summary, you will learn that in order to become rich, you need to get out of the usual metro-busy-sleep cycle (also known as the Rat Race as the author mentions in the book) and rethink your concept of money and wealth.
You will also learn :
- That being rich does not necessarily mean having a well-filled bank account.
- What the basics of a good financial education are.
- How to make money by working less.
- What rich people teach their children from an early age.
Unfortunately, making money is not something you learn in school. As you might expect. The financial education most of us receive is passed on to us by our relatives or peers, as it was passed on to them.
Are you ready to change the way you think about money and make the choice to be wealthy ?
SUMMARY
Part Preface
Who is Robert Kiyosaki ?
Book summary
Part Development
Chapter 1 - To get rich, stop working for money
Chapter 2 - School prepares us mainly to be good employees not entrepreneurs
Chapter 3 - Employment should be a short-term financial solution, and investment a long-term solution
Chapter 4 - To get rich, you need to buy assets and limit liabilities
Chapter 5 - Having money is good, knowing how to manage it is better
Chapter 6 - Learn the basics of sales and marketing
Chapter 7 - Being rich is about having a choice in how you spend your time
Conclusion
Part Taking action
The 4 essential steps to success
One had a lot of degrees, and held a position of responsibility in his archipelago. The other had barely graduated from high school. Both had a good professional career and earned a good living.
However, one of the fathers was constantly in financial difficulties, while the other ended up becoming one of the most powerful men in the region within a few years.
What distinguishes these two characters, and their fates, is simply the mastery of an inclusive financial education, as evidenced by the author who learned it at the age of 9.
The poor father in this story is the real Father of the author Robert Kiyosaki, while his "rich father" as he liked to call him was an entrepreneur and friend of the family. From him, he learns simple financial laws that will completely change his life and the lives of millions of others.
By reading this summary, you will learn that in order to become rich, you need to get out of the usual metro-busy-sleep cycle (also known as the Rat Race as the author mentions in the book) and rethink your concept of money and wealth.
You will also learn :
- That being rich does not necessarily mean having a well-filled bank account.
- What the basics of a good financial education are.
- How to make money by working less.
- What rich people teach their children from an early age.
Unfortunately, making money is not something you learn in school. As you might expect. The financial education most of us receive is passed on to us by our relatives or peers, as it was passed on to them.
Are you ready to change the way you think about money and make the choice to be wealthy ?
SUMMARY
Part Preface
Who is Robert Kiyosaki ?
Book summary
Part Development
Chapter 1 - To get rich, stop working for money
Chapter 2 - School prepares us mainly to be good employees not entrepreneurs
Chapter 3 - Employment should be a short-term financial solution, and investment a long-term solution
Chapter 4 - To get rich, you need to buy assets and limit liabilities
Chapter 5 - Having money is good, knowing how to manage it is better
Chapter 6 - Learn the basics of sales and marketing
Chapter 7 - Being rich is about having a choice in how you spend your time
Conclusion
Part Taking action
The 4 essential steps to success
- GenresBusiness
352 pages, Kindle Edition
Published October 9, 2021
96 people are currently reading
186 people want to read
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Displaying 1 - 30 of 33 reviews
June 13, 2023
Pros:
- my financial literacy literally went like this 📈
- so motivated to make big girl finance decisions
- book was SO comprehensive
- will re read this
- and force my children to read also
Cons:
- author is trump supporter
- a lot of his methods are like sleazy…. Basically working your way around the law but it feels so wrong (but I guess that’s how the rich do it)
- repeats same points too much
- my financial literacy literally went like this 📈
- so motivated to make big girl finance decisions
- book was SO comprehensive
- will re read this
- and force my children to read also
Cons:
- author is trump supporter
- a lot of his methods are like sleazy…. Basically working your way around the law but it feels so wrong (but I guess that’s how the rich do it)
- repeats same points too much
December 10, 2023
Yesssss i hon fertig gelesn🥳🥳🥳🥳
Mir hot des Buach wirklich sehr guat gefolln znd i hons sehr interessant und lehrreich gfundn. Konni guat weiterempfehlen, wenn man sich für des Thema interessiert. Es isch a sehr verständlich gschriebn, wos es a zu a guatn Einsteigerbuach mocht.
Btw i hon des lei 1x gelesn, do steat i hat des 2x gelesn idk
Mir hot des Buach wirklich sehr guat gefolln znd i hons sehr interessant und lehrreich gfundn. Konni guat weiterempfehlen, wenn man sich für des Thema interessiert. Es isch a sehr verständlich gschriebn, wos es a zu a guatn Einsteigerbuach mocht.
Btw i hon des lei 1x gelesn, do steat i hat des 2x gelesn idk
November 23, 2024
"Please buy my board game!" and advice that only works for people who already have a lot of money to spare. The only reason I finished this book is because I wanted to pass my high school finance class.
December 6, 2024
I didn’t find the writer honest. He’s selling false dreams that primarily serve his own goal: generating money for himself by selling this book.
He lacks a basic understanding of how society functions and how governments operate, which is a significant issue. He seems to think he’s “smart,” but in reality, his approach comes across as deceitful.
The world we live in requires both entrepreneurs and employees working together to achieve complex goals that individuals alone could never accomplish. This calls for a more open-minded perspective on the world.
I wouldn’t recommend this book to anyone, as it could mislead readers, especially those who are not well-versed in the world of finance.
He lacks a basic understanding of how society functions and how governments operate, which is a significant issue. He seems to think he’s “smart,” but in reality, his approach comes across as deceitful.
The world we live in requires both entrepreneurs and employees working together to achieve complex goals that individuals alone could never accomplish. This calls for a more open-minded perspective on the world.
I wouldn’t recommend this book to anyone, as it could mislead readers, especially those who are not well-versed in the world of finance.
June 15, 2023
Big value in the first half of the book
Repeated and boring the second half
Give some details but not examples. Self perspective
In a dynamic world.
Repeated and boring the second half
Give some details but not examples. Self perspective
In a dynamic world.
December 17, 2024
BOOK : RICH DAD POOR DAD
AUTHOR : ROBERT T.KIYOSAKI
PUBLICATION YEAR : 1997
PUBLICATION PLACE : UNITED STATES
GENRE : PERSONAL FINANCE AND SELF HELP
BRIEF SUMMARY
This is a well known book for the past 25 years . As like it's popularity it would be very helpful for a person to be financially independent with financial intelligence. This book aims the readers to get to know the process of making money work for you . It teaches us to manage our cashflow . It makes us to handle our money in an effective way which decides our future . My favourite saying from this book is with every dollar you get you decide to be rich or poor or middle class . It guides us to invest in a clever way and to make many money by using your small income .
PERSONAL REFLECTION
As I'm a student and i have not started earning , this book gives me the way in which i should spend my money in future . I hope this will be very helpful for me to manage my cashflow . This book have taught me the relation between the way of spending our money and our future financial stability . One of the many important hacks of the life you have to learn from this book is the difference between an asset and a liability .
CONCLUSION
This book would be very helpful for those who lack financial intelligence . For those who earn , it guides them to the clever way of spending their money . For students like me it would make us to be advanced in the field of money making in the young age . By reading this at a young age , it makes you to manage your cashflow .
MY HONEST RATING 4.5 / 5
AUTHOR : ROBERT T.KIYOSAKI
PUBLICATION YEAR : 1997
PUBLICATION PLACE : UNITED STATES
GENRE : PERSONAL FINANCE AND SELF HELP
BRIEF SUMMARY
This is a well known book for the past 25 years . As like it's popularity it would be very helpful for a person to be financially independent with financial intelligence. This book aims the readers to get to know the process of making money work for you . It teaches us to manage our cashflow . It makes us to handle our money in an effective way which decides our future . My favourite saying from this book is with every dollar you get you decide to be rich or poor or middle class . It guides us to invest in a clever way and to make many money by using your small income .
PERSONAL REFLECTION
As I'm a student and i have not started earning , this book gives me the way in which i should spend my money in future . I hope this will be very helpful for me to manage my cashflow . This book have taught me the relation between the way of spending our money and our future financial stability . One of the many important hacks of the life you have to learn from this book is the difference between an asset and a liability .
CONCLUSION
This book would be very helpful for those who lack financial intelligence . For those who earn , it guides them to the clever way of spending their money . For students like me it would make us to be advanced in the field of money making in the young age . By reading this at a young age , it makes you to manage your cashflow .
MY HONEST RATING 4.5 / 5
September 9, 2025
Given that the book was in the bestseller for a long time, my expectations were high. Yet, the book gave me almost nothing. Complete disappointment! It doesn’t have any framed, organized way of explaining things. Indeed, I don’t think that the Author has any conceptual ideas anyways.
- He says one thing in one paragraph and then jumps into another topic in the next one.
- He repeats the same thing again and again.
- Since he doesn’t have framed principles, in my opinion, he flows along the path as his gut directs.
- He suggests taking risks, but how much risk is acceptable? How to measure it?
- Diagrams and flowcharts don’t make any sense at all. Not a single formula, piece of data were given.
- He gives some statistics starting with “in my opinion”. Oh man, come on!!!
- He points that the traditional education is waste of time but recognizes the need of financial education. He became a teacher??
There are many other critics that I can make but I don’t think that it is worthy. It was really hard for me to finish this book.
Here my advice to people who reads this book:
- Finance is not a one-path-for-all thing. That’s why there is “YSMV”.
- Don’t sell your soul to have more money. Pay your bills on time, don’t make people to chase you.
- Get educated even if there is not much money at the end. Be a poor dad maybe, but knowledgeable. Knowledge is more valuable than money!
- Spend time on your budget, do a lot of calculations, file your own tax return.
Book gets an additional star because it has the last chapter which finally gives some action items. Yet, I don’t think they are helpful anyways.
- He says one thing in one paragraph and then jumps into another topic in the next one.
- He repeats the same thing again and again.
- Since he doesn’t have framed principles, in my opinion, he flows along the path as his gut directs.
- He suggests taking risks, but how much risk is acceptable? How to measure it?
- Diagrams and flowcharts don’t make any sense at all. Not a single formula, piece of data were given.
- He gives some statistics starting with “in my opinion”. Oh man, come on!!!
- He points that the traditional education is waste of time but recognizes the need of financial education. He became a teacher??
There are many other critics that I can make but I don’t think that it is worthy. It was really hard for me to finish this book.
Here my advice to people who reads this book:
- Finance is not a one-path-for-all thing. That’s why there is “YSMV”.
- Don’t sell your soul to have more money. Pay your bills on time, don’t make people to chase you.
- Get educated even if there is not much money at the end. Be a poor dad maybe, but knowledgeable. Knowledge is more valuable than money!
- Spend time on your budget, do a lot of calculations, file your own tax return.
Book gets an additional star because it has the last chapter which finally gives some action items. Yet, I don’t think they are helpful anyways.
October 14, 2025
After finishing the book, my biggest realization is this: what determines whether a person can truly achieve financial freedom isn’t the amount of money they earn, but the way they think. The “poor dad” teaches you to work hard and seek stability through a secure job and salary, while the “rich dad” emphasizes learning how to make money work for you ， developing investment skills and financial intelligence. This shift in mindset made me start to reflect on my own life ， am I also trading my time for money while overlooking the possibility of creating real assets?
Many of the ideas in this book sound simple, yet they are incredibly powerful. The concept of financial intelligence especially stood out to me ， something I had never seriously thought about before. Now I understand that true education isn’t just the accumulation of knowledge, but the transformation of one’s thinking.
I particularly love how the book encourages readers to face risks with courage and to step outside their comfort zones. Perhaps each of us has a “rich dad” spirit within ， it’s just a matter of whether we’re willing to awaken it.
In one line: This isn’t just a book about making money; it’s a book about redefining how you see money ， and how you see your life.
Many of the ideas in this book sound simple, yet they are incredibly powerful. The concept of financial intelligence especially stood out to me ， something I had never seriously thought about before. Now I understand that true education isn’t just the accumulation of knowledge, but the transformation of one’s thinking.
I particularly love how the book encourages readers to face risks with courage and to step outside their comfort zones. Perhaps each of us has a “rich dad” spirit within ， it’s just a matter of whether we’re willing to awaken it.
In one line: This isn’t just a book about making money; it’s a book about redefining how you see money ， and how you see your life.
October 25, 2025
After finishing Rich Dad Poor Dad, I realized that financial freedom isn’t just about making more money, but learning how to make money work for you. This book really opened my eyes to the importance of financial education, especially starting to build financial awareness at a young age
One of the most important lessons I learned is the difference between ‘assets’ and ‘liabilities.’ So often, we mistake liabilities for assets, but once I truly understood this, I realized that the key to building wealth lies in choosing the right investment strategies
I also came to understand that embracing risk and continuously learning is an essential part of achieving financial freedom. Whether it’s gaining experience through work or investing wisely, we must always push ourselves beyond our comfort zone
This book not only taught me how to view money, but also how to cultivate a mindset of financial independence. Everyone’s financial journey is unique, but with the right knowledge and mindset, we can gradually move towards the life we dream of
One of the most important lessons I learned is the difference between ‘assets’ and ‘liabilities.’ So often, we mistake liabilities for assets, but once I truly understood this, I realized that the key to building wealth lies in choosing the right investment strategies
I also came to understand that embracing risk and continuously learning is an essential part of achieving financial freedom. Whether it’s gaining experience through work or investing wisely, we must always push ourselves beyond our comfort zone
This book not only taught me how to view money, but also how to cultivate a mindset of financial independence. Everyone’s financial journey is unique, but with the right knowledge and mindset, we can gradually move towards the life we dream of
October 16, 2025
I found it both eye-opening and easy to understand. The book shares lessons about money, investing, and financial independence through stories from the author’s two “dads”: his real (poor) dad and his friend’s (rich) dad.
One of the key messages is that schools don’t teach enough about money. The book encourages people to learn how money works, invest wisely, and focus on building assets instead of just working for a paycheck. I liked how the author used personal stories to explain important ideas in a simple way.
Some of the advice feels repeated, and it’s not a step-by-step guide, but it’s still a great starting point for anyone who wants to improve their financial mindset.
I would recommend this book to students, young professionals, or anyone who wants to think differently about money.
One of the key messages is that schools don’t teach enough about money. The book encourages people to learn how money works, invest wisely, and focus on building assets instead of just working for a paycheck. I liked how the author used personal stories to explain important ideas in a simple way.
Some of the advice feels repeated, and it’s not a step-by-step guide, but it’s still a great starting point for anyone who wants to improve their financial mindset.
I would recommend this book to students, young professionals, or anyone who wants to think differently about money.
September 29, 2024
Normally I do not read nonfic. I can't get into it or hold my attention well, esp when it comes to nonfic that isn't history related. This book changed my life. Opened my mind to new ideas. Ones I had already contemplated but it absolutely planted it now. We need financial education more than ever. We are barely surviving in most economies but yet we still aren't taught financial literacy. What a shame. I recommend this for every single person who wants to be free from the chain of society and pursue their dreams. Because let's be honest, most jobs will not allow you to pursue or pay for your dream.
May 14, 2024
Based on the author’s advice, I was supposed to stop reading the book since I was not serious in adopting his content to become rich. Nevertheless, I completed reading it despite the quantum of repetition to emphasize on the idea.
I read the book from the point of curiosity. I found that I have my own way and believes in how to be rich. It is not necessarily to be rich as described in the book. My richness is in my limited requirements and peaceful life, which makes me free from the worries stated in the book; either in working for money or making money work for us.
I read the book from the point of curiosity. I found that I have my own way and believes in how to be rich. It is not necessarily to be rich as described in the book. My richness is in my limited requirements and peaceful life, which makes me free from the worries stated in the book; either in working for money or making money work for us.
September 24, 2023
I recommend the Rich Dad and Poor Dad if you want to learn everything about money. In the book, Mr. Kıyosaki compares the Rich and Poor people and tells what rich people do and what poor people do. Also, this book is the best seller personal financial book. In the book, he is trying to explain how money works and gives some information about money. Mr. Kıyosaki teaches income techniques and taxes. If you want to change your mind about money you should read this book.
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January 29, 2024Great book. This got recommended to me by my parents and I don't regret reading it one bit. The way you have to think to be financially literate is really something Robert portrays very well. I highly recommend this to any interested in personal finance, FIRE and being wealthy in the future. Hopefully this book is a springboard for me to continue looking into this area
June 6, 2024
This book was intended to be an informative story about how to manage your money, and the entire point boiled down to "don't be poor". If I wanted someone to criticize me for the amount of money I was born into and the lack of opportunities I've been given, I'd go interact with the customers at my food service job.
November 30, 2025
For many, *Rich Dad Poor Dad* is a great starting point for changing their financial perspectives, sparking new thinking, and introducing them to investment concepts.
However, don't treat it as a "get-rich-quick" formula. It provides concepts, motivation, and direction—to truly succeed, you also need knowledge, capital, judgment, and risk management skills.
However, don't treat it as a "get-rich-quick" formula. It provides concepts, motivation, and direction—to truly succeed, you also need knowledge, capital, judgment, and risk management skills.
February 24, 2022
Best book for personal finanace
April 19, 2022
An amazing master piece which talks about two mindsets and how to get money work for you
June 1, 2022
No comment
November 27, 2022
bnigjkil
February 4, 2023
Great read, read the updates version 10th anniversary version, 2017
March 13, 2023
The best book I have ever read in relation to finance. This book has changed my whole life.
October 22, 2023
Life changing!!!
January 28, 2024
This is a great book to start if you want to be a reader.
March 4, 2024
A MUST READ. SO grateful for the lessons shared in this book. I've been changed FOREVER.
April 6, 2024
Habe so viel über Geld und wie man es für sich arbeiten lassen kann, gelernt
May 5, 2024
Good book. Challenged the way I think. Helped me reflect on all the financial lessons my parents gave me over the years.
May 7, 2024
Luv it
December 8, 2024
Finanzbuch Top 3
January 12, 2025
The books offers valuable financial advices that I wish I knew when I was in my 20s. But anyway a good read, written in accessible prose strewn with great punchlines and quotable quotes.
Displaying 1 - 30 of 33 reviews