
Summary of Rich Dad Poor Dad
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You can learn two different ways of thinking about money in this book.
The author shares important ideas about managing money by showing how his two dads thought about money. One dad worked hard at a job and thought that getting a good education and job security were the most important things. The other dad was a business owner who didn't think formal education was as important as learning about money.
This, according to him, was true because anyone who wanted to become rich had to own a business and invest in assets that generate income with little effort. The most significant and revolutionary concept was the definition of an asset and a liability given by Kiyosaki.
He defined that asset is that which makes you money and a liability is that which costs you money. There are people that think that houses or cars are investments but they are actually expenses. The real assets are those that you put your money into.
In summary, the Rich Dad, Poor Dad book is about accumulating financial knowledge in order to be financially free from the traps. It must help you attain the socially accepted goals of the financial security.
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