Rich Dad Poor Dad Book Summary by Robert Kiyosaki

Rich Dad Poor Dad Book Summary_Image01

I have read many books on money management but the one that made a huge impact in my life and taught me everything about money is Rich Dad Poor Dad by Robert Kiyosaki.

So if you’re that person who hasn’t invested money anywhere whether it’s on the stock market, mutual funds, or even in the crypto market then you must read the Rich Dad and Poor Dad book because it will give you a clear idea about money and how you can become rich from the ground.

By the way, I started earning when I was 22 years old from my first website, and after about a year, I started my investment journey on the Indian Stock Market. 

Here I’m not saying that you should invest in the stock market but what I’m saying is, that you should invest your money somewhere where you make more money while you sleep, so you don’t have to work forever to earn money.

Favorite quote from the book: “Learn to use your emotions to think, not think with your emotions.” – Robert T. Kiyosaki, Rich Dad, Poor Dad

That’s said, let me share with you some of the lessons I learned from Rich Dad and Poor Dad. Also, after reading this article make sure you grab a copy of this book and start reading because it will teach you something new about money.

Join The Free Weekly Newsletter…

Let me first say thank you for reading this. This will be a weekly newsletter, hope you enjoy it. Now I will see you every Sunday at 9:00 AM (IST).

Story of Rich Dad Poor Dad Book

Robert Kiyosaki tells the story of two fathers, one rich, and one poor. In no way, did any of the fathers ware poor but one of them ware poor in terms of money management.

The POOR DAD 

Poor dad worked hard throughout his life and got a job and after that, he didn’t manage his money. Whenever he got his salary, he bought a new TV or something else, and again, he started waiting for the next money for his salary.

He never saved money or invested money.

The poor dad was the father of Robert Kiyosaki. The rich dad was the friend of Robert Kiyosaki’s father…

The RICH DAD

The rich dad was that kind of person who spends money on needs, he doesn’t spend money on unnecessary things. He invests his money and keeps track of how his money was spending.

He was an entrepreneur, so he knew where and how to spend money, and because of his entrepreneurship, he managed to create wealth.

That is the whole story of the Rich Dad and Poor Dad but here, I have only given you a summary, once you start reading it, you will learn more from both fathers’ mindsets…

Lesson 1: Know Where to Use Money

The human brain is very simple and easy to understand but sometimes, things didn’t go in our fever and at that moment you might get fear, doubts, jealousy, and much more and in that time, we don’t think too much about the process.

The fear, doubts, and jealousy are part of our life, you just have to accept the things as it is.

Some people like to spend money when there’s angry and some people like to go outside when they’re angry. 

So the first thing you need to learn is to understand how your mind reacts when there is failure, success, fear, doubts or when you’re not making money.

If you can understand that process then you will know that you don’t need many things to live life, the more things you have, the more things you will want.

For example, if you buy a new iPhone then there is a chance that you might buy the next-generation iPhone even if you don’t need it.

And this is what Rich Dad and Poor Dad will teach you, the book will try to teach you, when and where, and how much money you should spend.

Yes, it’s a simple thing but kinda hard to understand.

Lesson 2: Investing

Whatever you earn, you should invest some amount whether it’s in the stock market, mutual funds, or even in the crypto market.

You won’t get rich overnight and after ten or twenty years, you will know the power of that investment. The only thing you have to do is, consistently.

Invest a certain amount of money every month where you feel good and forget about that money.

By the way, I have recently shared a book summary of COMPOUND EFFECT BOOK, so sure you read it to understand how COMPOUND EFFECT works.

Rich Dad Poor Dad Summary

Now, I don’t want to make this article too long, so if you haven’t read the Rich dad and poor bad then go read it, you will learn a lot from Robert Kiyosaki.

It’s one of my favorite books and I have gifted this book to many of my friends, so the friends to friends, just read the book and you will understand the value of investing, time, and even money.

BUY Rich Dad Poor Dad

Love what you read, you might like these too…

1 thought on “Rich Dad Poor Dad Book Summary by Robert Kiyosaki”

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top