Review: The book that sparked a movement – a cult, really – and is still cited as the number one resource for learning how to amass wealth. Kiyosaki describes the lessons he learned from young age by his two father figures. His father – the poor Dad – was a teacher, highly educated and holding a well-paid job with the government, who struggled to pay his bills. His friend Mike’s father – the rich Dad – dropped out of school and owned several companies. So, how do you get rich? Buy assets first, then pay your bills. The rest of the book merely elaborates on this simple principle. But if it is that simple, why aren’t more people rich? Because it is not obvious, what is an asset, and what is a liability (so invest in your financial education). It is hard to spot great investments (so invest in your network). And it’s hard to not pay anybody else first (so form a company to buy assets with pre-tax money). Each chapter of Rich Dad, Poor Dad consists of four parts. First, Kiyosaki recites tales from his youth, and what his titular Dads taught him. This is followed by a…
