Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Rich Dad Poor Dad recounts Robert T. Kiyosaki's experience growing up with two fathers—his biological father and his best friend's father, whom he calls his rich dad—and how both shaped his views on money and investing. The book challenges the assumption that high income is necessary for wealth and contrasts working for money with allowing money to work for you. This 20th Anniversary Edition includes updates on money, investing, and the global economy over the past two decades. Sidebars compare the original 1997 content with current perspectives, examining how the rich dad's principles have remained relevant. The book addresses several key topics: the myth that high income leads to wealth, the misconception that a house is an asset, why schools do not teach financial literacy, and clear definitions of assets and liabilities. It also offers guidance on what parents should teach their children about money.