This is a review of the Book-Rich Dad Poor Dad by Robert T. Kiyosaki
|This is a review of the book “Rich Dad Poor Dad” by Robert T.Kiyosaki. The author has a game by the name of Cashflow by which he teaches people how to invest and earn money. Sharon Lechter is a CPA Accountant and his business partner, who has co-authored the book. The book is basically about how the author grows up under the guidance of his two fathers. One is an educated but working class man, while another is a less educated rich man.
The book shows how the author starts at the age of 9 his own small time business of making lead coins from toothpaste tubes but becomes unsuccessful. He tries to run a comic book store but that too shuts down. His attempt to work at his rich dad's mall earns him 30 cents but gets raised to two dollars. He emphasizes the importance of the cash flow of assets and liabilities. He points out how the rich get richer by investing money into other assets and reducing their liabilities. He says the rich also get richer because they better manage their taxes.