Title: Rich Dad, Poor Dad.
Author: Robert T. Kiyosaki.
Year of Publication: 1997.
Synopsis: "Rich Dad, Poor Dad," authored by Robert T. Kiyosaki and originally published in 1997, is a groundbreaking personal finance book that challenges conventional beliefs about money and wealth.
In this book, Kiyosaki shares his own life story, contrasting the financial philosophies of his "Rich Dad" (a friend's father who is a successful entrepreneur and investor) and his "Poor Dad" (his biological father, a well-educated but financially struggling individual).
Kiyosaki distills the key principles of financial success into easily understandable concepts, such as the importance of assets versus liabilities, understanding cash flow, and the value of passive income. He emphasizes the idea that one should work to make money work for them, rather than solely relying on earned income from a job.
"Rich Dad, Poor Dad" encourages readers to invest in financial education, seek opportunities to build and acquire assets, and adopt a mindset that prioritizes financial independence and freedom. Kiyosaki's book has inspired countless individuals to rethink their approach to money and strive for financial literacy.
The book's straightforward language, relatable anecdotes, and powerful message make it a classic in the realm of personal finance literature, suitable for readers of all financial backgrounds and levels of expertise.
