Welcome to our review of Rich Dad Poor Dad. Rich Dad Poor Dad will change the way you think about money and start you on the road to a better financial future.

It’s not how much money you make.

It’s how much you keep.’

It is an easy flowing book which looks at the two main ways people think about money and how that affects whether you will grow rich or not.  

About the Author Robert Kiyosaki

Robert Kiyosaki is an investor, entrepreneur and educator. He was able to retire at the age of 47. His mission statement or purpose in life in now ‘to elevate the financial well-being of humanity’. His Rich Dad Series has sold over 25 million copies worldwide.

What will you learn from Rich Dad Poor Dad?

We have been taught to get a good job, earn money and spend it on houses, cars, watches, holidays etc but few of us have been taught to generate wealth. He challenges our normal assumptions and shows you how to start generating wealth.

He looks at the difference between assets and liabilities and focuses on how to grow your assets.

‘Think of it this way: Once a dollar goes into your asset column, it becomes your employee. The best thing about money is that it works 24 hours a day and can work for generations. Keep your day job, be a great hardworking employee, but keep building that asset column’

While it touches on some the assets and ways to invest, it is more focused on showing you the right mind set. We are wired to not be successful but the book teaches how you can change that.

He encourages you to learn. To be successful you must overcome your ‘weak financial education’ and increase your ‘financial IQ’ and ‘financial genius’.

Invest first in education. In reality, the only real asset you have is your mind, the most powerful tool we have dominion over. Each of us has the choice of what we put in our brain once we’re old enough. You can watch TV, read golf magazines, or go to a ceramics class or a class on financial planning. You choose.

If you can start to understand how to get money to work for you, you can understand how to grow your wealth significantly.

Each chapter has a lesson. At the end of each chapter is a succinct summary, key takeaways and some useful questions for you to think about. It has ten steps to get you moving forward on your journey to financial freedom.

Rich Dad Poor Dad Review Conclusion

Rich Dad Poor Dad teaches you how to start thinking about money and wealth generation. Primarily this is a motivational book and a guide to get you started rather than a practical investment guide. It is a book you wish you had read when you were growing up but you’ll be glad you did now. Buy it now.

BTB Recommendation: Best for beginners looking to start their financial education

What to read next: How to Own the World