Rich Dad Poor Dad by Robert Kiyosaki (1997)

TL;DR: Kiyosaki had two dads. One was good with money; the other not. Learn more and buy more of his books, join his seminars and buy his game.


Something about this book feels icky; like a sweet dessert with distasteful parts. One could enjoy such dessert but that aftertaste has something bitter. As the kids say today, it feels like if a click-bait were turned into a book about Financial Literacy. As a product, it is easily digestible and marketed well. Following every advice on this however, I'm not quite sure about that. Best to learn from Bruce Lee on this: "Absorb what is useful, discard what is useless"


If anything at all, it gives you a perspective from Kiyosaki's eyes. What you do with that view is still largely on your own. A view from the "Rich Dad"


1. The Rich don't work for money. They let money work for them

2. Financial Literacy
3. Have your own Business
4. Want to save on taxes? Start a Corporation
5. Buy Assets; Invest
6. Keep Learning
7. Manage Fear, Cynicism, Laziness, Habits and Arrogance
8. How? This is supposed to be where the actionable steps come in
  1. Find a reason
  2. Make daily choices
  3. Choose your friends
  4. Master formulas
  5. Pay yourself first
  6. Pay your brokers well
  7. Be an Indian Giver
  8. Use assets to buy luxuries
  9. Choose heroes
  10. Teach, Give and you shall receive
Again, going Bruce Lee on this: "Absorb what is useful, discard what is useless"

What I found useful:
  • Manage your cash-flow
  • "Money accentuates the cash-flow pattern running in your head"
  • Differentiate Assets from Liabilities
What I find useless:
  • Oh you'll read of them. 
  • Dichotomy of a Rich Dad and a Poor Dad; uhmmm Survivorship Bias?
  • A bit too much Sales Plugs of his other "products"


If you want to read other books on Sales: To Sell is Human by Dan Pink, is much better; On Negotiation: Never the Split the Difference by Chris Voss; On Influence and Persuasion: the two books of Robert Cialdini are amazing: Influence and Pre-Suasion.

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