Rich Dad Poor Dad
Library · Personal finance
- Author: Robert T. Kiyosaki
- FinSimLab rating: 2/5
- Reading: Easy
- Finance level: Beginner
- Published: 1997
An introduction to the difference between assets and liabilities, told through two father figures.
What it covers
Kiyosaki contrasts the mindset of his father, a well-paid employee, with that of a businessman he calls "rich dad". The central idea is to buy assets that produce income instead of liabilities that produce expenses. It is a mindset book, not a method: many claims are anecdotal and worth checking against real numbers before acting on them.
What you will learn
- What counts as an asset or a liability from a cash flow point of view.
- Why passive income is the goal of many investors.
- Which questions to ask before borrowing to invest.
Who it is for
People who have never considered investing and want a first push, read with a critical eye.
Concepts
Cash flow, Real estate, Net worth
What you will not learn
Return calculations, tax or how to analyse an investment with numbers.
We suggest you continue with
Related Academy guides
- What is cash flow in real estate investing?
- Real estate leverage: when it multiplies and when it destroys
- How much money do you need to live off rental income?
Put it into practice
More personal finance books
- The Richest Man in Babylon
- Your Money or Your Life
- I Will Teach You to Be Rich
- The Total Money Makeover
- The Millionaire Next Door
- Die With Zero
Descriptions written by FinSimLab for educational purposes. They do not summarise the books and are not investment advice.