Yasir Abbas

Rich Dad Poor Dad by Robert T. Kiyosaki

How strongly I recommend it: 6/10

Summary: Rich Dad Poor Dad contrasts two perspectives on money and life: one from the author’s educated but financially struggling father (Poor Dad), and the other from his friend’s wealthy, self-taught father (Rich Dad). The book argues that financial literacy, investing, and mindset (not formal education) are what truly lead to wealth.

Review: I read Rich Dad Poor Dad not to get rich, but to understand why so many people stay stuck despite working hard. The book offers a simple yet provocative lens: it’s not how much you earn, but what you know about money that matters. It emphasizes financial education, asset-building, and thinking like an owner rather than an employee.

But while its core message is valuable, it oversimplifies complex realities. Not everyone can just “think rich” out of systemic barriers or personal trauma. Still, it challenged how I view work, risk, and the role of money in shaping freedom. The storytelling is memorable, though the advice sometimes leans more motivational than actionable.

If you’re new to financial thinking, it’s a spark not a blueprint.

🔑 Key Takeaways from Rich Dad Poor Dad

1. The Rich Don’t Work for Money
   They make money work for them through assets, investments, and passive income — not just a paycheck.
2. Financial Education is Everything
   Schools teach you how to earn, not how to manage or multiply money. The rich prioritize learning about money, taxes, markets, and opportunities.
3. Buy Assets, Not Liabilities
   Assets put money in your pocket (e.g., real estate, stocks). Liabilities take it out (e.g., cars, debt). Know the difference and build assets early.
4. Work to Learn, Not Just to Earn
   Don’t just chase jobs for pay. Look for roles that teach you sales, communication, investing, or leadership — the skills that compound.
5. Mindset Over Money
   Fear and comfort trap people in financial struggle. The rich learn to manage risk, face fear, and embrace financial responsibility.

“The single most powerful asset we all have is our mind. If it is trained well, it can create enormous wealth.”