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“Rich Dad, Poor Dad” Summary and Review
“Rich Dad, Poor Dad” is an introduction to personal finance book with a lot of repetition. It really annoyed me. One idea is stretched into six lessons by changing the phrasing. And then the lessons are stretched even further with long summaries at the end of each chapter.
Something to note: the author has stated it is a real story, but his personal examples of real estate investing are too good to be believe. He also pushes his own political agenda through the character of “Rich Dad.” Rich Dad does not like taxes or the government.
The book can be summarized as:
Rich people earn money from owning things instead of working for a salary. Things like stocks, rental properties, and businesses. They are financially literate. And they can see the difference between an expense and something that will generate an income.
Other than this nugget of truth, the book is a sales pitch. Throughout the book he is leading you into his sales funnel. He encourages you to visit his website, buy his other books, and attend his seminars.
So I suggest skipping this book. Unless you are looking for a very basic introduction to personal finance. But at least you’ve been warned about the lies and fluff.
The links in this article are affiliate links, so if you do purchase the book, pays me at no extra expense to you.
