Unconventional Wisdom: A Review of Robert T. Kiyosaki’s “Rich Dad Poor Dad”

Unconventional Wisdom: A Review of Robert T. Kiyosaki's "Rich Dad Poor Dad"

The book “Rich Dad Poor Dad” has been widely popular since it’s first publication, and it’s still a great read for anyone looking to gain a better understanding of personal finance and investing. It provides a wealth of practical information and strategies, and is written in an easy-to-understand style. If you’re looking to change your perspective on money, wealth and investing, this book is a must-read.


In Robert T. Kiyosaki’s ‘Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!’ (buy from Amazon), the author tells the story of his two fathers – his biological father, who he calls his ‘poor dad’, and his friend’s father, who he refers to as his ‘rich dad’.

Kiyosaki grew up in Hawaii, the son of a teacher and a fisherman. His poor dad was highly educated but never made much money. On the other hand, Kiyosaki’s rich dad was a high school dropout who became one of the richest men in Hawaii.

Kiyosaki argues that the main difference between his two fathers was their attitude towards money. His poor dad saw money as something to be avoided, while his rich dad saw it as an opportunity to be seized.

Kiyosaki goes on to offer some unconventional wisdom about money and success. He argues that the traditional advice to get a good education and work hard is not enough to become wealthy. Instead, he says that people need to think differently about money if they want to become rich.

Kiyosaki offers some controversial advice about investing, taxes, and debt. He also provides some tips for building wealth. Overall, ‘Rich Dad Poor Dad’ is an interesting read that will challenge your assumptions about money and success.

Overview of Rich Dad Poor Dad

In his 1997 book, ‘Rich Dad Poor Dad,’ Robert T. Kiyosaki prescribes what he believes is the formula for financial success. The book is based on Kiyosaki’s own life story, in which he learns from two very different father figures. His ‘rich dad’ is his friend’s father, a successful businessman who taught Kiyosaki the value of investing and taking risks. His ‘poor dad’ is his own father, a well-educated man who worked hard but never achieved financial security.

Kiyosaki argues that the key to wealth is not necessarily hard work or education, but rather investment and risk-taking. He advocates for starting one’s own business, building a diversified portfolio of investments, and always being prepared for economic downturns. While some of his advice is controversial, ‘Rich Dad Poor Dad’ has remained a bestseller for over two decades.

Key Themes and Concepts Discussed in the Book

In his book, Kiyosaki discusses a number of key themes and concepts that are relevant to anyone looking to improve their financial situation. Among these are the importance of acquiring assets, the power of leverage, and the need to think differently about money.

Kiyosaki makes a compelling case for why assets are more important than simply earning a high income. He argues that most people will never become wealthy simply by working for someone else and earning a paycheck. Instead, they need to focus on building up their own assets, which will provide them with the financial security and independence they desire.

Leverage is another key concept discussed in the book. Kiyosaki explains how leverage can be used to one’s advantage in order to increase one’s income and wealth. For example, he discusses how investing in real estate can provide individuals with a significant return on investment, due to the power of leverage.

Lastly, Kiyosaki challenges readers to rethink their relationship with money. He argues that most people have been programmed to believe that money is evil or bad, when in reality it is neutral. Money itself is not good or bad, but it is how we use it that determines whether it will help or harm us financially.

Pros and Cons of Kiyosaki’s Ideas

There is no doubt that Robert Kiyosaki’s book, ‘Rich Dad Poor Dad’, has stirred up a lot of controversy since it was first published in 1997. On the one hand, there are those who feel that Kiyosaki’s ideas are nothing new and that he is simply repackaging age-old wisdom in a new and flashy way. On the other hand, there are those who feel that Kiyosaki’s ideas are truly groundbreaking and that he is offering a new perspective on how to build wealth. So, what are the pros and cons of Kiyosaki’s ideas?

Let’s start with the pros.

First of all, Kiyosaki is very clear about what he feels the key to building wealth is: investing in assets, not liabilities. This is a very important distinction to make, and one that is often overlooked by many people. Secondly, Kiyosaki advocates for taking risks and being entrepreneurial in order to build wealth. This is also an important point that is often lost on people who think they need to play it safe in order to achieve financial security. Finally, Kiyosaki provides concrete examples and stories to illustrate his points, which makes his ideas much easier to understand and apply to real life.

Now let’s look at the cons. First of all, some people feel that Kiyosaki over-simplifies the process of building wealth. While it is true that his ideas can be boiled.

How to Apply Some of the Concepts Discussed in the Book

In ‘Rich Dad Poor Dad,’ Robert T. Kiyosaki discusses a number of concepts that can be applied in order to improve one’s financial situation. Here are some of the key concepts discussed in the book and how they can be applied:

1. The Power of Leverage: In the book, Kiyosaki discusses how leverage can be used to one’s advantage in order to increase wealth. Leverage can be defined as using debt to finance investments. Essentially, this means that you can use other people’s money to make money for yourself. This concept can be applied by taking out loans to invest in income-producing assets such as rental properties or businesses.

2. The Importance of Financial Education: One of the main themes of ‘Rich Dad Poor Dad’ is the importance of financial education. Kiyosaki argues that most people are not taught about money and how it works, which leads them to make poor financial decisions. This concept can be applied by making an effort to learn about personal finance and investing. There are a number of resources available on these topics, so there is no excuse not to educate oneself on these important subjects.

3. The Rule of 72: This is a simple mathematical rule that states that the amount of time it takes for an investment to double is equal to 72 divided by the rate of return on the investment.


Robert Kiyosaki’s ‘Rich Dad Poor Dad’ is truly a book of unconventional wisdom. It offers an insightful look into the world of personal finance and how one can be successful despite their upbringing. The invaluable lessons imparted by this book are sure to stay with readers for years to come and it is highly recommended for anyone looking to gain more financial literacy. With its sound advice, ‘Rich Dad Poor Dad’ is a must-read for those wanting to learn how to become financially independent in today’s economic climate.

Get the book from Amazon!

Author:Com21.com,This article is an original creation by Com21.com. If you wish to repost or share, please include an attribution to the source and provide a link to the original article.Post Link:https://www.com21.com/unconventional-wisdom-a-review-of-robert-t-kiyosakis-rich-dad-poor-dad.html

Like (1)
Previous January 27, 2023 3:18 pm
Next January 27, 2023 5:38 pm

Related Posts

  • A Timeless Classic: A Review of Benjamin Graham’s “The Intelligent Investor”

    Benjamin Graham’s “The Intelligent Investor: The Definitive Book on Value Investing” (Get it from Amazon) is considered a classic in the field of investing, and for good reason. First published in 1949, the book has stood the test of time and continues to be a valuable resource for investors of all levels. The book is divided into three parts: the first focuses on the general principles of intelligent investing, the second on investment vehicles, and the third on investment policies. Graham’s writing is clear, concise, and easy to understand, making…

    January 26, 2023
  • Unpacking H&R Block: A Comprehensive Review of Features, Pricing, and Customer Experience

    Introduction to H&R Block H&R Block (www.hrblock.com) is one of the most popular tax preparation companies in the United States. They offer a variety of services, including online and in-person tax preparation, audit defense, and tax planning. They have a wide range of prices and features that make them a good choice for many taxpayers. The company was founded in 1955 by brothers Henry W. Bloch and Richard Bloch. The company has since grown to become one of the largest tax preparation companies in the world, with over 12,000 locations…

    February 17, 2023
  • What is Student Loan Refinance? The Benefits of Student Loan Refinancing

    Student loans are a common way for students to finance their higher education. With the cost of college continuing to rise, many students are forced to take out loans to cover tuition and other expenses. However, these loans can come with high interest rates and long repayment terms, making them difficult to manage. This is where student loan refinancing comes in as a potential solution. Student loan refinancing is the process of obtaining a new loan to pay off one or more existing student loans. The new loan has a…

    February 6, 2023
  • Mastering Personal Finance: A Deep Dive into Bankrate and Its Alternatives

    Introduction In today’s digital age, financial management tools have become essential for individuals looking to make informed decisions about their finances. One such popular platform is Bankrate, a service that provides expert advice and tools for managing your money. In this blog post, we’ll dive deep into Bankrate’s offerings, discuss its features and services, and compare it to some notable alternatives in the market. Bankrate: Overview Established in 1976, Bankrate has evolved from a print publication to a comprehensive online resource, helping users make smarter financial decisions. The platform’s primary…

    2 days ago
  • “How To Day Trade For A Living” by Andrew Aziz: A Comprehensive Guide For Beginners

    Are you looking to break into the world of day trading and make a living out of it? Look no further than Andrew Aziz’s new book, How To Day Trade For A Living! (Get from Amazon) This comprehensive guide covers everything from trading tools and tactics, money management, discipline and trading psychology that you’ll need to become a successful day trader. Read on to find out more about this must-have resource for any aspiring professional trader. Introduction In this article, we will provide a comprehensive guide on how to day…

    January 28, 2023
  • Harnessing Your Mind’s Potential: A Review of Joseph Murphy’s “The Power of Your Subconscious Mind”

    Joseph Murphy’s book, “The Power of Your Subconscious Mind,” (Buy from Amazon) is a classic in the field of personal development and self-help. Published in 1963, it has sold millions of copies worldwide and continues to be a popular and influential book. The central thesis of the book is that the human mind has an incredible power to influence our lives, and that we can tap into this power through our subconscious mind. In the first few chapters of the book, Murphy introduces the concept of the subconscious mind and…

    February 24, 2023
  • The Pros and Cons of Buying vs Leasing a Car

    When it comes to purchasing a car, the decision of whether to buy or to lease can be a difficult one. There are advantages and disadvantages to both options that need to be weighed carefully before making a decision. In this article, we will discuss the pros and cons of buying and leasing a car, as well as provide a top ten list of key takeaways for those looking to make an informed decision. The Pros of Buying a Car Buying a car comes with a number of advantages. The…

    January 24, 2023
  • Key Takeaways and Lessons from Ramit Sethi’s “I Will Teach You to be Rich”: A Comprehensive Personal Finance Guide

    “I Will Teach You to be Rich” (Buy the book from Amazon) by Ramit Sethi is a comprehensive personal finance guide that teaches readers how to build wealth and achieve financial independence. The book covers a wide range of topics, including budgeting, investing, earning more money, and reducing debt, and provides actionable advice and strategies for making the most of your money. Some of the key lessons and insights from the book include: The importance of automating your finances: The author stresses the importance of automating your finances, including setting…

    January 29, 2023
  • Your Next Five Moves: A Practical and Actionable Guide to Strategic Thinking in Business by Patrick Bet-David

    “Your Next Five Moves: Master the Art of Business Strategy” (buy from amazon) by Patrick Bet-David is an insightful and practical guide to strategic thinking in business. The book provides readers with a framework for developing a strategic mindset and making effective decisions that lead to success. One of the strengths of this book is its emphasis on the importance of thinking strategically. Bet-David argues that in order to succeed in business, it is not enough to simply work hard and hope for the best. Instead, he emphasizes the need…

    February 10, 2023
  • The Disruptive Change of Artificial Intelligence: Predicted Industry Displacement

    Artificial Intelligence (AI) has emerged as a powerful technological force that is transforming the way we live and work. Its ability to automate tasks, process vast amounts of data, and make predictions with increasing accuracy is causing a paradigm shift in many industries. This change is likely to have a profound impact on the job market, with some industries predicted to disappear or be completely replaced by AI in the future. One industry that is likely to be affected by AI is manual labor. With the development of robots and…

    February 8, 2023

Leave a Reply

Your email address will not be published. Required fields are marked *