Main motive of rich dad & poor dad

Start writing...h"Rich Dad Poor Dad" is a book written by Robert Kiyosaki that emphasizes the importance of financial education and the difference in mindset between the rich and the poor.

The book tells the story of Kiyosaki's two "dads" - his biological father, who was highly educated but struggled financially, and his friend's father, who had very little formal education but became a successful businessman and investor. The book highlights the lessons Kiyosaki learned from both men and how they shaped his own financial beliefs and practices.

Some of the key concepts in the book include the importance of financial literacy, building assets that generate income, and taking calculated risks in investing. The book also emphasizes the idea of "paying yourself first" by saving and investing a portion of your income before paying bills and other expenses.

Overall, "Rich Dad Poor Dad" has become a popular book in the personal finance genre, and has inspired many readers to rethink their approach to money and wealth-building.
To understand the concepts presented in "Rich Dad Poor Dad," it's important to first recognize the difference in mindset between the rich and the poor. The book argues that the poor tend to think about money in terms of expenses and liabilities, while the rich think about money in terms of investments and assets.

According to the book, a key difference between the rich and the poor is their approach to building wealth. The poor tend to focus on earning a steady income and saving money, while the rich focus on building assets that generate passive income over time. The book emphasizes the importance of financial literacy and education, and encourages readers to learn about different investment strategies and financial instruments.

Another key concept in the book is the importance of taking calculated risks in investing. The author argues that the rich are willing to take risks and learn from their failures, while the poor tend to play it safe and avoid taking any risks. The book encourages readers to adopt a growth mindset and to view failures as opportunities for learning and growth.

Ultimately, "Rich Dad Poor Dad" is about shifting your mindset from a focus on expenses and liabilities to a focus on assets and investments. By educating yourself about financial literacy and taking calculated risks in investing, you can build long-term wealth and achieve financial independence.
The main motive of "Rich Dad Poor Dad" is to inspire readers to rethink their approach to wealth-building and to encourage them to adopt a more entrepreneurial mindset. The book argues that traditional education systems do not teach people the skills necessary to become financially successful, and that many people are trapped in a cycle of working for money rather than having money work for them.

The book's main motive is to help readers understand the difference between the mindset of the rich and the poor, and to encourage them to adopt the habits and practices of the financially successful. The book emphasizes the importance of financial literacy and education, and encourages readers to take calculated risks in investing and to build assets that generate passive income over time.

Ultimately, the main motive of "Rich Dad Poor Dad" is to empower readers to take control of their financial future and to work towards achieving financial independence. The book provides a roadmap for building wealth that is accessible to anyone, regardless of their current financial situation or background.
10 key lessons to learn from Rich Dad Poor Dad by Robert Kiyosaki
The rich make their money work for them. ...
Financial education is your greatest asset. ...
Know the difference between assets and liabilities. ...
Don't be controlled by emotions. ...
Work to acquire life skills, not for money. ...
Failure inspires winners and defeats losers.