Robert Kiyosaki’s book “Rich Dad Poor Dad” has been the first financial book I’ve ever read. It was inspiring and lead to the desire of accumulating more knowledge in the financial field. Before I read the book investing was intimidating, something I used to always connect with gambling, incalculable risk, and the need for a big amount of capital to even start investing. This book changed my mind and opened up new perspectives and possibilities.

“Don’t work for money, make it work for you.”

Robert T. Kiyosaki

What it’s about

In “Rich Dad Poor Dad” Robert Kiyosaki describes the pieces of advice he got from his two dads. Those two dads are his natural father (the poor dad) and the father of his best friend Mike (the rich dad).
Robert Kiyosaki’s natural father was a highly educated teacher. Despite his high education and the well-paid job he never reached wealth and financial independence. He lived from paycheck to paycheck. The advice to his son was to work hard, study, and get employed in a well-known company to generate a high income.

Even so, the rich dad had the same advice of working hard their intentions could have not been any more different. The rich dad’s idea of working hard and having a job was to accumulate knowledge instead of solely getting paid with the ultimate goal of learning how to let money work for you.

Who is it for?

This book is for everyone who wants to get a grasp of finances and the idea of generating a passive income. It is ideal for beginners because Robert T. Kiyosaki follows the KISS principle (keep it simple and stupid).
Some of the more specific content is related to the US market which makes it slightly more interesting for Americans, but his key points are transferable to other countries and markets.