Rich Dad, Poor Dad

Robet T. Kiyosaki

Introduction

There is a Need

Co-author and CPA Sharon Lechter begins the book by explaining that parents often encourage their children to study hard, earn good grades, get a secure job with good pay and benefits, and look forward to retirement one day. What often happens though, is that after getting a well-paying job the young person quickly accumulates life responsibilities, credit card debt, and large tax bills. Years later, the prosperous future does not materialize.

Sharon Lechter explains that she did not want that outcome for her children, so she searched for an educational program to teach them about money and finance. This search led to a meeting with Robert T. Kiyosaki.

Kiyosaki is an entrepreneur who retired at age 47, but then came out of retirement to share his personal financial knowledge with others. He believes that the advice to go to school, get good grades, and find a good job is outdated. According to him, the school system does not teach children about financial matters, and lack of knowledge in this subject is what keeps 95% of the people in the "rat race."

Kiyosaki had two fathers with two very different financial perspectives. His real father taught him to get good grades and a good job working for a corporation; this was his "poor dad." Kiyosaki had another father figure in his life, his "rich dad," who advised him to own the corporation. Kiyosaki compiled what he learned into this partially fictionalized book, Rich Dad, Poor Dad. Sharon Lechter supported, edited and assembled the book.

Purchase Information

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Rich Dad, Poor Dad : What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!
by Robert T. Kiyosaki and Sharon L. Lechter