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Rich Dad Poor Dad by Robert T. Kiyosaki (with Sharon Lechter) — illustrated cover

Rich Dad Poor Dad

by Robert T. Kiyosaki (with Sharon Lechter)

Robert Kiyosaki tells the story of growing up in Hawaii with two father figures. His own father was highly educated and held a respected government job, yet he struggled with money all his life. His best friend's father left school early but built real wealth through businesses and property. Through the lessons of this rich dad, Kiyosaki argues that schools teach people to work for money but rarely teach how money actually works. He urges readers to learn the difference between assets, which put money in your pocket, and liabilities, which take money out. He warns that fear and desire keep people trapped in a cycle of earning and spending that he calls the rat race. His answer is financial literacy, steadily building assets, and choosing work for what it teaches rather than just the paycheck.

8 narrated, animated lessons · about 17 minutes in total.

Play lesson 1

Rich Dad Poor Dad summary, chapter by chapter

  1. Lesson 1 · 1:58

    The Rich Don't Work for Money

    Through young Robert's low-paid job at rich dad's store, the book shows how fear and desire keep people chasing paychecks, and why learning to make money work for you is the way out of the rat race.

  2. Lesson 2 · 2:09

    Buy Assets, Not Liabilities

    Wealth comes from building a column of assets that put money in your pocket, like businesses and rental property, rather than buying liabilities, including a home you live in, which take money out.

  3. Lesson 3 · 2:08

    Mind Your Own Business

    Your profession is not your business, so keep your day job while steadily building your own column of assets, much as McDonald's grew rich from the land under its restaurants and not only from selling burgers.

  4. Lesson 4 · 2:12

    Taxes and the Power of Corporations

    Understanding tax law and using corporations lets the rich earn, spend, and then pay tax on what remains, while employees are taxed before they ever see their pay.

  5. Lesson 5 · 2:07

    Financial Intelligence Creates Opportunity

    Financial knowledge lets you see deals others miss and create your own luck, such as buying property cheaply when a market crashes and everyone else is afraid.

  6. Lesson 6 · 2:15

    Work to Learn, Not to Earn

    Choose jobs for the skills they teach, especially selling, communication and managing systems, because many people can cook a better burger than McDonald's but few can build the business behind it.

  7. Lesson 7 · 2:13

    Overcoming the Obstacles Within

    Cynicism, laziness, bad habits and arrogance hold people back, and simple shifts like paying yourself first and asking how you can afford something help you break through them.

  8. Lesson 8 · 2:04

    Getting Started on Your Path

    Turning these lessons into wealth starts with a strong personal reason, a daily choice to spend time and money on learning and assets, and small first steps taken now.

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