Summary of Guide to Robert Kiyosaki’s Rich Dad Poor Dad by Instaread

Guide to Robert Kiyosaki’s Rich Dad Poor Dad by Instaread is a summary and analysis of Robert Kiyosaki’s classic personal finance book. The book explores the differences between two kinds of fathers--the author’s “rich” and “poor” dads--and provides financial advice based on their contrasting teachings. Rich Dad Poor Dad argues that the key to financial success is to understand the difference between an asset and a liability, and to focus on acquiring assets, like real estate, stocks, and businesses. Kiyosaki stresses the importance of building a financial foundation through passive income. He also explores the differences between the world of accounting and the world of investing, and provides explanations of common financial concepts, such as inflation, securities, and real estate. Overall, Rich Dad Poor Dad advocates a financial philosophy that goes against conventional wisdom, and encourages readers to take financial risks in order to increase their earning potential.