Robert Kiyosaki tells the story of two fathers – his own, a successful upper-middle-class teacher with several university degrees and a good income (but equally high expenses) – and the father of his best friend, who dropped out of school in the 8th grade and became one of the richest men in Hawaii.
Both men shaped the author in his childhood and youth with entirely different views on money. Based on these views, Robert explains clearly why “poor” people remain “poor”, and the rich get richer and richer.
Most people think and act like Robert's “poor” father: A good education leads to a good job – and this results in a reasonable, regularly rising salary. But this leads them to what Robert calls the “rat race”: the constant cycle of more salary and equally increased expenses.
Robert's rich father, on the other hand, invests his money (initially also earned through employment) in assets such as real estate and securities, giving him financial independence: He makes his living from the money that these assets regularly generate, such as rents and dividends. He only affords luxury goods when his assets have earned the capital required to buy them.
The book does not contain insider tips on how to invest in real estate or stocks; it will not make you rich overnight. But the author gives food for thought and shows ways in the appropriate directions. In particular, he recommends investing in your financial education in the form of business books and courses.
The book is easy to read and understand, and thanks to the many anecdotes from the author's life, it is very entertaining.
🎧 Suitable as an audiobook? Yes.
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