Rich Dad Poor Dad
by Robert Kiyosaki
About This Book
Rich Dad Poor Dad is a personal finance classic in which Robert T. Kiyosaki contrasts the financial philosophies of his two 'dads'—his biological father, who valued traditional education and job security, and his best friend’s father, who taught him about entrepreneurship, investing, and financial independence. The book emphasizes financial literacy, asset building, and the mindset required to achieve wealth outside of conventional employment.
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and Middle Class Do Not!
Rich Dad Poor Dad is a personal finance classic in which Robert T. Kiyosaki contrasts the financial philosophies of his two 'dads'—his biological father, who valued traditional education and job security, and his best friend’s father, who taught him about entrepreneurship, investing, and financial independence. The book emphasizes financial literacy, asset building, and the mindset required to achieve wealth outside of conventional employment.
Want the full summary?
Get instant access to this book summary and 500K+ more with Fizz Moment.
Get Free SummaryAvailable on App Store • Free to download
Key Chapters
Two Fathers: A Divide in Philosophy
My life was shaped by two men with very different views about money. Poor Dad was highly educated, held a senior government position, and believed in working hard for stability. Rich Dad had no advanced degree, yet possessed extraordinary business sense and a deep understanding of wealth. He didn’t live off a paycheck; he built businesses, investments, and cash-flow systems.
Poor Dad saw money as limited—something to conserve and protect. Rich Dad saw money as something you could create through knowledge and strategy. Poor Dad valued security, grades, and formal education. Rich Dad valued financial education, calculated risk, and opportunity. Both were sincere, but their results were worlds apart: one worked for money all his life, the other made money work for him.
As a child caught between their advice, I heard two voices. Poor Dad told me, “Go to school and get a steady job.” Rich Dad said, “Learn how money operates, and make it serve you.” Through hands-on experience—running small shops, observing investments, learning about cash flow—I realized education wasn’t just schoolwork but learning how to navigate the real-world economy. That understanding became the basis for what I later called financial intelligence—the kind of skill traditional schools rarely teach.
Childhood Lessons: Understanding the Game of Money
My first real lesson about money came from Rich Dad’s unconventional approach. My friend Mike and I asked him how to become rich, thinking he’d give us direct answers. Instead, he hired us to work at his store for ten cents an hour. At first, I felt frustrated and exploited, until Rich Dad explained the lesson: most people spend their lives working for money, driven by fear and greed, without ever questioning the system itself.
He wanted us to experience what it felt like to be controlled by money—so we could learn to rise above it. When you depend solely on wages, you trade time for limited opportunity. Fear keeps you stuck; greed lures you to chase raises instead of knowledge. True freedom starts when you stop depending on a paycheck and start building assets that generate income even when you’re not working.
That experience changed my worldview. I began studying how cash flows, how assets grow, and how decisions shape destiny. It was the moment I truly began my financial education.
The Misconception of Hard Work: Effort Doesn’t Equal Wealth
Explore this chapter in the FizzRead app.
Assets and Liabilities: The Core of Financial Freedom
Explore this chapter in the FizzRead app.
The Importance of Financial Education: What Schools Don’t Teach
Explore this chapter in the FizzRead app.
Entrepreneurship and Investment: Building Passive Income
Explore this chapter in the FizzRead app.
Mastering Fear and Greed: How Emotions Shape Wealth
Explore this chapter in the FizzRead app.
Taxes and Corporate Structure: The Rules of the Wealthy
Explore this chapter in the FizzRead app.
Learning and Action: Turning Knowledge into Wealth
Explore this chapter in the FizzRead app.
The Path to Financial Freedom: Changing Mindset, Changing Destiny
Explore this chapter in the FizzRead app.
All Chapters in Rich Dad Poor Dad
About the Author
Robert Kiyosaki
Robert T. Kiyosaki is an American entrepreneur, investor, and educator best known for his Rich Dad series of books. He has written extensively on financial education, investing, and personal development, advocating for financial independence through investing, real estate, and business ownership.
Frequently Asked Questions about Rich Dad Poor Dad
Rich Dad Poor Dad is a personal finance classic in which Robert T. Kiyosaki contrasts the financial philosophies of his two 'dads'—his biological father, who valued traditional education and job security, and his best friend’s father, who taught him about entrepreneurship, investing, and financial independence. The book emphasizes financial literacy, asset building, and the mindset required to achieve wealth outside of conventional employment.
You Might Also Like
The Four Agreements
Don Miguel Ruiz
It Ends with Us
Colleen Hoover
The Body Keeps the Score
Bessel van der Kolk
Think and Grow Rich
Napoleon Hill
Surrounded by Idiots
Thomas Erikson
The Intelligent Investor
Benjamin Graham
Ready to read Rich Dad Poor Dad?
Get the full summary and 500K+ more books with Fizz Moment.