Rich Dad Poor Dad
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Rich Dad Poor Dad is a book by Robert Kiyosaki and Sharon Lechter. It advocates financial independence through investing, real estate, owning businesses, and the use of finance protection tactics.Rich Dad Poor Dad is written in an anecdotal manner and is aimed at creating public interest in finance. Kiyosaki and Lechter stress the advocacy of owning the system or means of production, rather than being an employee as a recurring theme in the book's chapters.The book is largely based on Kiyosaki's upbringing and education in Hawaii, although the degree of fictionalization in his anecdotes is disputed. Because of the heavy use of allegory, some readers believe that Kiyosaki created the Rich Dad character as an author surrogate (a literary device), discussed further in the criticism section below. The book highlights the different attitudes to money, work and life of these two men, and how they in turn influenced key decisions in Kiyosaki's life.
Among some of the book's topics are:
the value of financial intelligence
that corporations spend first, then pay taxes, while individuals must pay taxes first
that corporations are artificial entities that anyone can use, but the poor usually don't know how
According to Kiyosaki and Lechter, wealth is measured as the number of days the income from your assets will sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses. Each dad had a different way of teaching his son....
Many readers believe that the "Rich Dad" in the book is actually the founder of Hawaii's widespread ABC Stores.
Keith Cunningham claims to be Kiyosaki's "Rich Dad" during a keynote address at Anthony Robbins's "Wealth Mastery" seminar[citation needed]. This is highly unlikely not only because of the closeness in the ages of Cunningham and Kiyosaki, but also because Kiyosaki had stated in his books that "Rich Dad" had died in 1994. In addition, Kiyosaki mentions Cunningham as "a dear friend of mine" on page eighty-five. Some have claimed that "Rich Dad" was a person named Richard Kimi, the deceased founder of Sand and Seaside Hawaiian Hotels.
Rich Dad Poor Dad is a book by Robert Kiyosaki and Sharon Lechter. It advocates financial independence through investing, real estate, owning businesses, and the use of finance protection tactics.Rich Dad Poor Dad is written in an anecdotal manner and is aimed at creating public interest in finance. Kiyosaki and Lechter stress the advocacy of owning the system or means of production, rather than being an employee as a recurring theme in the book's chapters.The book is largely based on Kiyosaki's upbringing and education in Hawaii, although the degree of fictionalization in his anecdotes is disputed. Because of the heavy use of allegory, some readers believe that Kiyosaki created the Rich Dad character as an author surrogate (a literary device), discussed further in the criticism section below. The book highlights the different attitudes to money, work and life of these two men, and how they in turn influenced key decisions in Kiyosaki's life.
Among some of the book's topics are:
the value of financial intelligence
that corporations spend first, then pay taxes, while individuals must pay taxes first
that corporations are artificial entities that anyone can use, but the poor usually don't know how
According to Kiyosaki and Lechter, wealth is measured as the number of days the income from your assets will sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses. Each dad had a different way of teaching his son....
Many readers believe that the "Rich Dad" in the book is actually the founder of Hawaii's widespread ABC Stores.
Keith Cunningham claims to be Kiyosaki's "Rich Dad" during a keynote address at Anthony Robbins's "Wealth Mastery" seminar[citation needed]. This is highly unlikely not only because of the closeness in the ages of Cunningham and Kiyosaki, but also because Kiyosaki had stated in his books that "Rich Dad" had died in 1994. In addition, Kiyosaki mentions Cunningham as "a dear friend of mine" on page eighty-five. Some have claimed that "Rich Dad" was a person named Richard Kimi, the deceased founder of Sand and Seaside Hawaiian Hotels.