The author had two fathers, a rich one and a poor one. One was highly educated and had a Ph.D. degree, went to Stanford, University, Chicago University, all on full financial scholarship. He was author's biological dad. The other father never finished the eighth grade. He was author's friend's dad.The author calls his educated dad as poor dad and other one as rich dad.
I was too.
The author says "If you want to be rich and happy. Don't go to school." Thats another controversial line. But the author explained this logic very beautifully.
One dad had a habit of saying, "I can't afford it." The other dad forbade those words to be used. He used to say, "How can I afford it?"
One dad said, "The reason I'm not rich is because I have you kids." The other said, "The reason I must be rich is because I have you kids."
One dad said, "When it comes to money, play it safe, don't take risks." The other said, "Learn to manage risk."
One believed, "Our home is our largest investment and our greatest asset." The other believed, "My house is a liability, and if your house is your largest investment, you're in trouble."
The author used to listen his both dads but at one point of time he decides to follow his rich dad only, no matter what his poor dad believes.
The author explained each saying of his rich dad very logically. Like his rich dad required his children to say, "How can I afford it?" His reasoning, the words "I can't afford it" shut down your brain. It didn't have to think anymore. "How can I afford it?" opened up the brain. Forced it to think and search for answers.
I really enjoyed this and its is must read for all the management student.
About the author: Robert Toru Kiyosaki is an American investor, businessman, self-help author, motivational speaker, financial literacy activist, and financial commentator. He has written over 15 books which have combined sales of over 26 million copies.