Rich Dad Poor Dad is a book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial education, financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence.

The book is the story of a person who has two fathers: the first was his biological father (the poor dad) and the other was the father of his childhood best friend, Mike (the rich dad). Both fathers taught the author how to achieve success but with very disparate approaches. It became evident to the author which father's approach made more financial sense. Throughout the book, the author compares both fathers – their principles, ideas, financial practices, and degree of dynamism and how his real father, the poor and struggling but highly educated man, paled against his rich dad in terms of asset building and business acumen.

The author compares his poor dad to those people who are perpetually scampering in the Rat Race, helplessly trapped in a vicious cycle of needing more but never able to satisfy their dreams for wealth because of one glaring lack: financial literacy. They spend so much time in school learning about the problems of the world, but have not acquired any valuable lessons about money, simply because it is never taught in school. His rich dad, by contrast, represents the independently wealthy core of society who deliberately takes advantage of the power of corporations and their personal knowledge of tax and accounting which they manipulate to their advantage.

The author presents six major lessons which he discusses throughout the book:
- The rich don’t work for money
- The importance of financial literacy
- Minding your own business
- Taxes and corporations
- The rich invent money
- The need to work to learn and not to work for money

Rich Dad Poor Dad...
• Explodes the myth that you need to earn a high income to become rich
• Challenges the belief that your house is an asset
• Shows parents why they can't rely on the school system to teach their kids about money
• Defines once and for all an asset and a liability
• Teaches you what to teach your kids about money for their future financial success


TIMESTAMPS
00:00 Acknowledgment
00:25 Introduction
11:50 Chapter 1 - The Rich Don’t Work for Money
01:10:34 Chapter 2 - Why Teach Financial Literacy?
01:44:34 Chapter 3 - Mind Your Own Business
01:57:18 Chapter 4 - The History of Taxes and the Power of Corporations
02:16:14 Chapter 5 - The Rich Invent Money
02:56:13 Chapter 6 - Work to Learn Don’t Work for Money
03:21:04 Chapter 7 - Overcoming Obstacles
03:52:30 Chapter 8 - Getting Started
04:32:18 Chapter 9 - Still Want More? Here Are Some To Do’s
04:40:54 About the Author


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