Rich Dad Poor Dad book download: in Pdf format The best-selling personal finance book “Rich Dad Poor Dad” was written by Robert T. Kiyosaki.
The author discusses his experiences and lessons from his two fathers, his biological father (the impoverished dad) and the father of his best friend (the affluent dad), to emphasise the differences in their financial views and approaches to money.
Rich Dad Poor Dad Novel
|Name of book||Rich dad and poor|
|Rich dad and poor Author||Robert T. Kiyosaki|
|Theme||Literate about financial importance|
|book published||April 1997|
The value of financial knowledge is emphasised throughout the book, which also challenges established views about money. According to Kiyosaki, his well-educated, low-income government employee father backed the traditional path of earning a respectable degree, landing a steady job, saving money, and living frugally. His affluent father, who was also a successful businessman, on the other hand, advocated for asset building, passive income generation, and wise investment decisions.
The following are the book’s primary lessons:
1. The value of financial literacy: Kiyosaki emphasises the need for people to become financially literate, including understanding assets, responsibilities, and how to make money work for them.
2. The distinction between assets and liabilities: According to the author, an asset is something that generates income or appreciates in value, while a liability is something that necessitates out-of-pocket expenditures.
3.In order to become financially independent, he suggests investing in assets that have the potential to generate income.To generate consistent cash flow, Kiyosaki advocates diversifying your sources of passive income. Rental homes or businesses are a couple of examples of these sources
.4. The significance of attitude and education: The book emphasises the significance of having a wealthy mindset, being open to learning, and developing financial intelligence in order to assist readers in making sensible investment decisions.
5. Taking calculated risks: Kiyosaki urges readers to confront their concerns and take calculated risks in the quest of financial success, highlighting the fact that failure is an essential part of learning.”Rich Dad Poor Dad”‘s overarching objective is to motivate readers to take control of their financial future and break the cycle of living paycheck to paycheck by advocating financial education, asset accumulation .
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