Books Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Mass Market by Robert T. Kiyosaki (Author)

"Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!" by Robert T. Kiyosaki is a bestselling personal finance book that contrasts two mindsets about money: that of the author's "Poor Dad" (his biological father) and his "Rich Dad" (the father of a close friend).

Key principles from the book include:

The rich don’t work for money; instead, they make money work for them by acquiring income-generating assets.

Financial education is critical; understanding assets vs. liabilities helps build wealth.

Assets put money in your pocket through investments like real estate, stocks, and businesses; liabilities take money out.

The importance of developing financial literacy to make informed decisions, manage money, and grow wealth.

Overcoming fear and self-doubt to take calculated risks and seize financial opportunities.

Building multiple streams of income rather than relying solely on a paycheck.

The poor and middle class often follow traditional routes focused on job security, while the rich adopt entrepreneurial and investment mindsets.

Working to learn new skills rather than just to earn money accelerates financial growth.

Paying yourself first means setting aside money for investments before paying bills or expenses.

Financial independence is about becoming less dependent on earned income and more on passive income from assets.