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

"Rich Dad Poor Dad" by Robert T. Kiyosaki contrasts two mindsets about money and wealth through the lessons learned from his two father figures: his biological father (Poor Dad) and the father of his best friend (Rich Dad). Key principles from the book include:

The Rich Don’t Work for Money
The rich make money work for them by investing in income-producing assets rather than working solely for a paycheck.

Assets vs. Liabilities
The rich focus on building assets—a car that generates income, rental properties, stocks, or businesses—that put money in your pocket, while minimizing liabilities that drain money (like personal homes with mortgages or consumer debt).

Financial Education is Crucial
Schools don't teach practical money management. Understanding financial literacy, including how to read financial statements and manage money, is key to building wealth.

Mindset and Risk
The wealthy embrace calculated risks and learn from failures. They avoid the “rat race” of working more for more expenses and instead seek to build passive income streams.

Entrepreneurship and Ownership
Owning a business or investments offers more financial freedom than traditional employment.

Make Money Work for You
Develop multiple streams of income through investments and business ventures instead of relying on a single salary.

Understand the Tax and Legal Systems
The rich use tax laws and legal structures to protect their wealth and reduce taxable income.

The book is a call to rethink conventional beliefs about jobs, education, and money and