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Rich Dad, Poor Dad

Rich Dad Poor Dad, is the revolutionary top Personal Finance book of all time. It is about Robert Kiyosaki’s journey to financial independence, and he defines the concept of “good debt” (debt that puts money in your pocket) and “bad debt” ( the more common type of debt which takes away money from your pocket). He also redefines “asset” (again, what you buy that puts money in your pocket), and liability(what takes money away from your pocket).

Rich Dad Poor Dad tells the story of his two “Dads” — his real, biological father who earned a lot but had a poor person’s mindset, and his best friend’s father who started poor but had a rich man’s mindset

His two “Dads” shaped his thoughts about money and investing. Kiyosaki said you need to earn a high income to be rich. You simply have to switch from “Work Hard for Money” to “Make Money Work for You

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