Original language:
English Translated from: English
Authors: T. Kiyosaki, Robert T.
Translated by: Stokys, Ovidijus
ISBN: 978-609-437-291-9
Published in: Vilnius
Published on: 2015
Publisher: Eugrimas
Robert. T. Kiyosaki in his book “Rich Dad Poor Dad“ reveal the truth about how to become wealthy. The book starts with the story about his childhood, when he was only nine years old boy, since that was the time when he started to be interested in becoming rich. R.T. Kiyosaki‘s father (poor dad) had a different creed than author‘s friend‘s father (rich dad) did, for example, poor dad considered well known Robin Hood to be a hero, on the other hand, rich dad believed him to be a nothing else than a thief.
It is stated in the book that you should not fear to differ from the crowd. School usually lead people not to become rich but to be government‘s slaves, when you work for the money and not money works for you. R.T. Kiyosaki said that if you desire to become rich you have to learn financial literacy. He emphasized it many times. The book contained a lot of schemes about the differences between assets and liabilities which are often mixed moreover, it is the reason why some people are not able to obtain wealthiness. For example, a house is not an asset but an liability.
R.T. Kiyosaki predicated that people are not able to accumulate assets because of such obstacles as: fear, cynicism, laziness, bad habits, arrogance. The book contains tips on how to get rid of these vices. Even though author do not write about corporation management, he does mention it quite a lot. R.T. Kiyosaki listed three types of incomes: earned income, portfolio income and passive income. It is thought by author that the most efficient way to become rich is to invest. The author himself most of the times invest in real estate which later on is sold for far more money than he bought it for however he does not recommend to do the same if you do not like landholdings. According to him you should invest in something you love by the virtue of it is the most considerable asset of all.