The document provides an overview and summaries of key chapters from the book "Rich Dad Poor Dad" by Robert Kiyosaki. It discusses 12 topics covered in the book including the author's profile, lessons on why the rich don't work for money and the importance of financial literacy, managing assets versus liabilities, the power of corporations, inventing money through risk-taking, working to learn rather than just for money, and takeaways from the book. The writing style of the author is described as simplifying complex concepts related to business, investing, and economics.

2. INDEX
1. AboutTheBook.
2. Author’sProfile.
3. The Rich Don’tWorkFor Money.
4. Why NeedFinancialLiteracy?
5. MindYour Own Business.
6. History OfTaxes &Power Of Corporation.
7. TheRich InventMoney.
8. WorktoLearn,Don’tWork for Money.
9. Learnings.
10. Why You Should ReadIt?
11. WhoShould ReadIt?
12. Author’sWritingStyle.

3. ABOUT THE BOOK
Title : Rich Dad, PoorDad
Author : Robert T. Kiyosaki
Sharon Lechter
Publication Year : 1997
Publisher : Warner Books ed.
Genre : Self-help, personal finance, entrepreneurship, business, investing, economics.
ISBN : 0-446-67745-0

4. AUTHOR’S PROFILE
ROBERT T. KIYOSAKI
RobertToru Kiyosaki (born April 8, 1947) is anAmerican businessman, investor,
educator and motivational speaker. Kiyosakiis the founder of the Rich Dad
Company, a private financialeducation company that provides personal finance
and business education to people through books, videos, games, seminars, blogs,
coaching, and workshops.He is also the creator of the Cashflowboard and
software games.
Kiyosakiis the author of more than26 books, includingthe international self-
published personal finance blockbuster RichDadPoor Dadseries of books which
hasbeen translated into 51 languages, availablein 109 countries and have
combined sales of over 27 million copies sold worldwide.

5. SHARON L. LECHTER
Sharon L. Lechter (born January12,1954) is an Americanaccountant, investor,
motivational speaker.Sharon Lechter is alsothe founder and CEO of Pay Your Family First,
a financial education organization.
In1997 Sharonco-authored the internationalbestseller Rich DadPoorDad, along with14
other books in theRichDad series andwasCEO ofthe RichDadcompany for over 10 years.
Lechter's financial literacyboardgame ThriveTimeforTeens, is a national awardwinner
including the GOLD Mom’s Choice Award,CreativeChildMagazine’s2010 Game of The
Year,Dr. Toy’s Best Vacation Product and a five-starratingfrom WTS Toy Reviews.Sharonis
recognizedgloballyas an expert onthetopics offinancial education for childrenand
entrepreneurship.

6. “Having two dads offered me the
choice of contrasting points of view :
one of a rich man and one of a poor
man”
By : Robert T. Kiyosaki

7. Lesson 1:
The Rich Don’t Work
For Money

8. • The poor and the middle class work for money. The rich have money
workfor them.
• Opportunities come and go. Being able to know whento make quick
decisions is an importantskill.
• The joy thatmoney brings is oftenshort-lived, and they soon need
more money formore joy, more pleasure, more comfort, and more
security.

9. • The maincause of poverty or financialstruggle isfear and
ignorance, not the economy or the government or the rich.
It’s self-inflictedfear andignorance thatkeep people trapped.
• What intensifies fearand desire is ignorance.
• It’s nothow much money you make. It’s how much money
you keep.

10. Lesson 2:
Why Teach Financial
Literacy?

11. • If you wanttoberich, you needtobe financially literate.
• Accountingis possiblythemostconfusing,boring subject inthe
world,but if youwanttobe rich long-term,it could be the most
importantsubject.
• Intelligencesolvesproblems and produces money.
• Moneywithoutfinancialintelligenceis moneygonesoon.

12. • Rich peopleacquireassets.Thepoor and middleclass acquire liabilities
thatthey thinkare assets.
• An assetputs money in mypocket. Aliabilitytakesmoney out ofmy
pocket.
• Wealthis aperson’s abilitytosurvive somanynumberor days forward-or,
if Istoppedworking today, how longcouldI survive?
• Wealthis themeasureofthecash flowfromthe assetcolumnwith the
expensecolumn.

13. Lesson 3:
Mind Your Own
Business

14. • Start mindingyour ownbusiness.Keepyour daytime
job,but start buyingreal assets, not liabilitiesor
personal effects that have no real value once youget
them home.
• Here, MindYourOwnBusiness, means to buildand
keep yourasset columnstrong.

15. • Keepexpenses low,reduce liabilities,anddiligently
builda base of solidassets.
• A true luxuryis a reward for investing inand
developinga real asset.

16. What Are Real Assets??
• Business thatdo not require your presence.
• Stocks, Bonds.
• Income-generatingrealestate.
• Royalties from intellectualproperty and patents.
• Anything elsethathas value, produces income orappreciates, and
has a ready market.

17. Lesson 4:
The History Of Taxes And
The Power of Corporations

18. • Robert’s rich dad justplayed the game smart, and he did it through
corporations-the biggestsecret of therich.
• The rich created thecorporation as a vehicle to limittheir risk to the
assets of each voyage.
• It is theknowledgeof the legal corporate structure thatreally gives
the rich a vast advantageover the poor and themiddleclass.

19. • The income-tax rate of a corporation is less thanthe individual income-tax
rates.
• Every time people try to punish the rich, the rich don’t simply comply. They
react. They have the money, power, and intent to change things. They don’t
just sit there and voluntarily pay more taxes. Instead, they search for ways to
minimize their taxburden.
• With money comes great power thatrequires the right knowledge to keep it
and make it multiply.
• If you work for money, you give the power to your employer. If money works
for you, you keep the power and control it.

21. • Financial intelligenceis simply having more options.
• Sowhy wouldyou want to increase yourfinancial
intelligence? Because youwant to bethe kindof
person who creates your own luck. Youtake whatever
happensand make it better.
Financial Intelligence

22. Lesson 5:
The Rich Invent Money

23. • Oftenin thereal world, it’s not thesmart who get ahead, butthe bold.
• We allhave tremendous potential,and we allare blessed with gifts.
Yet the one thing thatholds all of us back is some degree of self-
doubt.
• Financialgeniusrequires both technicalknowledge as well as
courage. If fear is too strong, the geniusis suppressed.

24. • Today, wealth is in information. And theperson who has themost
timelyinformationowns the wealth.
• Old ideas are thebiggest liability.
• Rich people are oftencreative and takecalculated risks.
• It was excessive fear and self-doubtthatwere the greatestdetractors
of personal genius.

25. Lesson 6:
Work To Learn – Don’t
Work For Money

26. • Job security meant everything toRobert’s educated dad. Learning
meanteverything to his rich dad.
• Robert recommend to youngpeople to seek work for whatthey
will learn, more than what they will earn.
• Look down the road at whatskills theywantto acquire before
choosinga specific profession and before getting trapped in the Rat
Race.

27. • Educationismore valuablethanmoney, in the longrun.
• Life is much like going to the gym. The most painfulpart is
decidingto go. Once you get pastthat, it’s easy.
• Jobis an acronym for “Just Over Broke.”

28. The Main Management Skills needed For
Success Are:
1. Management of cash flow.
2. Management of systems.
3. Management of people.

29. Learnings
• Those who want to get rich should know the differencebetween
assets and liabilities. And should focus to acquire more and more
RealAssets.
• Educationis more valuable thanmoney- in long run.
• Failure inspire Winners & Failure defeat Losers.
• Winners are not afraid of losing.
• Keepyour expenses low and reduce your liabilities.

30. Learnings (cont…)
• One shouldwork to learn something,not only toearn money.
• Great opportunitiesare notseen with your eyes. They are
seen withyour mind.
• Most people never get wealthysimplybecause they are not
trainedfinanciallyto recognize opportunities rightin frontof
them.

31. The single most powerful asset we all
have is our mind. If it is trained well, it
can create enormous wealth seemingly
instantaneously. An untrained mind can
also create extreme poverty that can
crush a family for generations.
By : Robert T. Kiyosaki

32. Why One Should Read ?
• Broaden your vision.
• Redefineyour views about money.
• How to start and runa company.
• In short , if youreally have dreams to touch the sky ,
this bookis highlyrecommended.

33. Who Should Read It?
• Thisbook hasvery good amountof materialfacts and
informationfor every person irrespective of his age,
financialstatus.
• Those who want toget rich should read this bookonce
in hislifetime and shouldimplement it.

34. Author’s Writing Style
• Kiyosakiis known forsimplifyingcomplexconcepts and ideas relatedto
business,investing,finance,and economics.
• He hasgarneredan internationalreputationforhis straighttalk,
irreverence, courage,and views on moneyand investing thatoften
contradictsconventional financialadvice.
• Kiyosakibelievesthatthe worldneeds moreentrepreneurs tocreatejobs
tospur economicgrowth andsolve pressingworld issues.
• Much ofhis teachingsand views encouragepeopletobecomefinancially
educatedand totakean activerolein investingfor theirfinancialfuture