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Rich Dad Poor Dad" is a personal finance book written by Robert Kiyosaki that presents an alternative perspective on money management and investing. The book is written in the form of a memoir, with Kiyosaki sharing lessons he learned from his two fathers: his biological father, who he refers to as the "Poor Dad," and his best friend's father, who he calls the "Rich Dad."

In the book, Kiyosaki argues that traditional financial advice, such as getting a good education, finding a stable job, and saving money, is outdated and no longer relevant in today's economy. Instead, he argues that building wealth requires taking control of your finances, becoming financially literate, and investing in assets that generate passive income.

Some of the key principles outlined in the book include:

  • Understanding the difference between assets and liabilities: Kiyosaki emphasizes the importance of understanding the difference between things that put money into your pocket (assets) and things that take money out of your pocket (liabilities).

  • building multiple streams of income: Kiyosaki advocates for creating multiple sources of income, beyond just a traditional job, in order to increase financial security and build wealth.
  • Taking control of your finances: Kiyosaki stresses the importance of taking control of your finances and becoming financially literate, rather than relying on financial advisors or experts.
  • Investing in assets that generate passive income: Kiyosaki encourages readers to invest in assets that generate passive income, such as rental properties or businesses, as a way to build long-term wealth. 

Throughout the book, Kiyosaki shares personal anecdotes and lessons learned from his experiences with his "Rich Dad" and "Poor Dad" to illustrate these concepts and provide practical tips for readers looking to improve their financial situation.