By Christine Greene
Rich Dad, Poor Dad
What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not!
by Robert T. Kiyosaki with Sharon L. Lechter C.P.A.
Rich Dad, Poor Dad dispels the idea that you have to make a lot of money to become rich, explains the difference between an asset and a liability, and why your house is not an asset, and points out the fact that schools don’t teach kids about money so it’s up to parents to educate their kids. Kiyosaki recounts growing up with two dads, a Rich Dad and a Poor Dad. His Poor Dad was highly educated and his Rich Dad never finished the eighth grade. Poor Dad struggled financially his entire life while Rich Dad amassed tens of millions of dollars. Kiyosaki and Lechter explain how this happened and demonstrate how you can make money work for you, instead of working for it, and how you can be like Rich Dad.
Kiyosaki was born and raised in Hawaii. He is the author of numerous books including Rich Dad’s CASHFLOW Quadrant; Rich Dad’s Guide to Investing, What the Rich Invest in, That the Poor and the Middle Class Do Not!; and Rich Kid Smart Kid: Giving Your Child a Financial Head Start; Second Chance: for Your Money, Your Life and Our World; 8 Lessons in Military Leadership for Entrepreneurs; The Business of the 21st Century; Why “A” Students Work for “C” Students and Why “B” Students Work for the Government: Rich Dad’s Guide to Financial Education for Parents; Retire Young Retire Rich: How to Get Rich Quickly and Stay Rich Forever! (Rich Dad’s); and Rich Dad’s Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Million-Dollar Business. He is an investor, entrepreneur, financial literacy activist, motivational speaker and radio personality. He established and sold an International education company, and has business ventures in the information technology, retail, financial, publishing, education, mining and energy industries. A large portion of his wealth has come from real estate investing including residential and commercial investments, property management and real estate development.
Sharon L. Lechter is a CPA, author and business woman who founded Pay Your Family First, an organization that teaches families fiscal responsibility. She is also an investor, speaker and philanthropist who serves on distinguished boards and is the recipient of many accolades. She was CEO of the Rich Dad company for 10 years and co-authored Rich Dad’s CASHFLOW Quadrant and many other books. She also has book projects with Napoleon Hill Foundation such as Think and Grow Rich for Women: Using Your Power to Create Success and Significance; Outwitting the Devil: The Secret to Freedom and Success; and Three Feet from Gold: Turn Your Obstacles into Opportunities (Think and Grow Rich). In 1989, she teamed up with the inventor of the first electronic ‘talking book’ and was partly responsible for expanding the electronic book industry into a multi-million dollar market.