The "Rich Dad, Poor Dad" is the even out of a soul who is genuinely the narrator too writer too has ii fathers: the commencement was his good educated biological father, termed every bit the "poor dad" - too the other was the manful soul nurture of his childhood best friend, Mike, termed every bit the "rich dad" who is less educated. Both fathers taught the writer how to reach success but amongst real disparate approaches. Throughout this book, the writer compares both fathers – their principles, fiscal practices, ideas too grade of dynamism too how his existent father, the piteous too struggling but highly educated man, against his rich dad inwards damage of property edifice too job organization acumen.
Rich Dad, Poor Dad revolves unopen to iii primary characters: piteous dad (Kiyosaki’s biological father), rich dad (Kiyosaki’s minute father) too the boy (the writer himself every bit narrator of the book). The marrow of each grapheme is:
Poor dad – educated but lacking the street smarts
Rich dad – real footling teaching (eighth grade), tons of street smarts
Kiyosaki – the spectator who learns lessons from both but internalizes solely rich dad’s traits
Rich Dad, Poor Dad Chapter 1 Summary
The even out of Robert Kiyosaki too Mike starts inwards 1956 Hawaii, when both boys were a nine years old. Their commencement get-rich scheme was a counterfeit nickel making fellowship which was illegal. Then Mike's manful soul nurture instruct them the concept of "Rat Race" too how to drib dead out of it. Read the chapter here
Rich Dad, Poor Dad Chapter 2 Summary
The writer tells his readers to forget the notion that life teaches. He says “the solely thing that life does is force y'all around.” This chapter talks close people who are to a greater extent than comfortable inwards playing it condom because they were non taught early on to receive got risks. Read the chapter here
Rich Dad, Poor Dad Chapter 3 Summary
The writer believes that fiscal literacy begins amongst a working noesis of accounting. It is essential to know the divergence betwixt assets too liabilities. To brand these ii damage understandable to readers, the writer makes a rudimentary diagram of these ii concepts to motivate them to buy assets inwards society to solidify the property column, piece keeping the liabilities (expenses) to a bare minimum. Also the chapter shows that both Mike too Kiyosaki became financially independent. Read the chapter here
Rich Dad, Poor Dad Chapter 4 Summary
In this chapter, the writer piece of cake introduces the concept of existent estate investing too uses McDonald’s every bit an example. He points out that McDonald’s may non brand the best hamburgers inwards the world, but owns the “most valuable intersections too streets inwards America.” Read the chapter here
Rich Dad, Poor Dad Chapter 5 Summary
We receive got omitted chapter 5 every bit it is irrelevant to stock market.
Rich Dad, Poor Dad Chapter half dozen Summary
In this chapter, the writer discusses the importance of an education. The writer is clear yesteryear saying, “a trained heed is a rich mind.” Read the chapter here
Rich Dad, Poor Dad Chapter vii Summary
This is the chapter where the writer talks close the skills individuals need to develop for fiscal success. The writer mentions administration skills. He says individuals need to know how to create out cash flow, systems, too people. Read the chapter here
Rich Dad, Poor Dad Chapter 8 Summary
The persuasion of the writer is that 5 personality traits hamper human beings: fear, cynicism, laziness, bad habits, arrogance. He explains that piece it’s normal to receive got fear, what matters is how 1 handles it. Read the chapter here
Rich Dad, Poor Dad Chapter nine Summary
This chapter serves every bit a department on tips to create too ready personal wealth. His commencement tip is, abide by a argue greater than reality to motivate you. What he way yesteryear this is to wake upwardly the fiscal genius inwards oneself yesteryear empowering the mind. He says that people must receive got a rigid /purpose for living. Also Author explains the concept of "Pay yourself first" concept. Read the chapter here
Rich Dad, Poor Dad Chapter 10 Summary
This chapter is assort of a supplement to the previous chapter. It gives readers additional tips to assist them reach for fiscal reward. Read the chapter here
Rich Dad, Poor Dad Chapter Epilogue Summary
In this chapter Kiyosaki tells how he helped his friend to relieve coin for his iv children's college teaching amongst express resources available. Read the chapter here
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