Rich Dad Poor Dad

“Rich Dad Poor Dad,” written by Robert T. Kiyosaki and first published in 1997, is a seminal personal finance book that contrasts the financial philosophies of Kiyosaki’s two “dads”—his biological father (“poor dad”) and his best friend’s father (“rich dad”). Through engaging anecdotes, Kiyosaki highlights the differing approaches to money and investing: “poor dad” embodies the traditional mindset of working for a stable income and valuing formal education, while “rich dad” advocates for financial independence through investing, entrepreneurship, and financial literacy. The book underscores critical concepts such as the difference between assets and liabilities, the importance of financial education, and the idea of making money work for you, inspiring readers globally to rethink their financial strategies and pursue wealth more effectively.