Review of the renounded book Rich Dad Poor Dad

1. Rich Dad Poor Dad
-Robert T. Kiyosaki

2. About the author
• Robert Toru Kiyosaki, born April 8, 1947.
• Japanese-American entrepreneur, businessman, and author.
• Founder of Rich Global LLC and the Rich Dad Company.
• Provides personal finance and business education through books and videos.
• Main revenues come from Rich Dad seminars conducted by franchisees.
• Creator of Cashflow board and software games for teaching business and financial concepts to adults and
children.

3. • Author of over 26 books, notably the Rich Dad Poor Dad series.
• Rich Dad Poor Dad series translated into 51 languages and sold over 41
million copies worldwide.
• Subject of a class-action lawsuit from seminar attendees.
• Featured in two investigative documentaries by CBC Canada and WTAE USA.
• Kiyosaki's company, Rich Global LLC, filed for bankruptcy in 2012.

4. The timeline:
• 1974: Attended Erhard EST seminars, which he credits as life-changing.
• 1977: Founded a company called "Rippers," which later went bankrupt.
• Worked as a sales associate for Xerox until June 1978.
• 1993: Published his first book, "If You Want to Be Rich and Happy, Don't Go
To School," advocating against traditional education in favor of the real
estate business.
• 1997: Launched Cashflow Technologies, Inc., a business and financial
education company, which operates the Rich Dad and Cashflow brands.

5. steps to awaken financial
earnings:
1. Find a reason greater than reality.
2. Make daily choices.
3. Choose your friends carefully.
4. Master a formula and then learn a new one.
5. Pay yourself first.
6. Use assets to buy assets
7. Be an Indian giver.
8. Don't use assets to buy luxuries.

6. Key Themes Addressed in the Book
1 FinancialLiteracy and Independence
2 Beliefs and Mindset
3 Building and Growing Assets

7. Review of the Book's Content
The Rich Dad Poor Dad Story
Lessons in FinancialEducation
Assets vs. Liabilities
Entrepreneurshipand the Powerof Mindset
Building and Growing Assets

8. Quotes:
1. There is a difference between being poor and being broke. The broke is temporary. Poor is eternal.
2. It's not how much money you make. It's how much money you keep.
3. To become financially secure, a person needs to mind their own business.
4. Great opportunities are not seen with your eyes. They are seen with your mind
5. Job is an acronym for "Just Over Broke." Unfortunately, that applies to millions of people

9. positives of the book
• Offers an excellent perspective on becoming wealthy.
• Worth your time to check it out.
• Author's focus is primarily on real estate over stocks.
• Differences in preference for some readers due to the focus on real estate.
• Encourages readers to do their own research about investing and money
management.
• Readers may have points of agreement or disagreement with the book's
content.

10. Criticising the book:
• Differences of opinion due to the book's popularity.
• Subjective preference varies among readers.
• Considered a self-help book.
• Emphasizes personal responsibility for success.
• Offers practical advice but with a self-help focus.
• Simplicity in advice may be seen as a downside by some.

11. Personal Takeaways and Reflections
1 Breaking Free
2 The Powerof Knowledge
3 Real-WorldApplication

12. 1 Key Takeaways
2 Target Audience
3 PersonalOpinion
4 Similar books

13. Thank you and have a nice day