Robert T. Kiyosaki: Rich Dad Poor Dad (hard cover)

To become rich you have to go to university, get a steady job and work hard. Then your salary will increase and you’ll become rich. No? Maybe you still have to work hard, not in your job, but on your investments? Those are the ones really making you money! That’s the idea behind Robert Kiyosaki’s book “Rich Dad Poor Dad”.

The story is about the two very different mindsets when thinking about money.

Poor Dad

In the story, Kiyosaki’s real / biological father is referred to as poor dad. Unlike what you would expect, the guy isn’t really poor. I mean, he’s got a great job with lots of security. But he has had difficulties growing his finances.

As an employee his salary is quite nice, but his lifestyle is inflated to match his income. That makes that the family isn’t moving forward.

Poor dad believes in studying, finding a job with a large and stable company. He values job security. In other words, poor dad believes in working for money.

Rich Dad

Rich dad is the “other dad” from the story. It’s actually the father of a friend of Kiyosaki’s. This father is an entrepreneur, he employs about 150 people.

Rich dad doesn’t believe in working for money. Let others do that, so he can become rich. Rich dad tells us that self-employed individuals have higher incomes and pay less taxes than employees.

Rich dad is the dad who teaches Kiyosaki about handling money. His philosophy is that money should be working for you.