Analysis of Rich Dad, Poor Dad by Robert T. Kayosaki and Sharon Lechter

Rich Dad Poor Dad is a self-help motivational narrative novel written to teach others financial independence. Written by Robert T. Kayosaki with Sharon Lechter, the book has been titled the #1 personal finance book of all time. Rich Dad Poor Dad is the first book of the Rich Dad series. The 207page book purpose is to teach people importance of financial literacy and how taking risk can lead to having wealth. In the book the author tells his personal story of growing up in Hawaii in a middle class family with the teachings of two dads. One he refers to- as Poor Dad and the other as Rich Dad. He began learning his lessons at the age of nine along with his best friend Mike after taking his first job working three hours every Saturday at a small store that paid $.10 a hour. Never knowing that the lessons he was being taught would lead to his success and an early retirement at the age of 47.

In the book Robert focuses on four characters; himself, his best friend Mike, Poor Dad and Rich Dad. Robert’s biological dad represents poor dad. In the book Robert describes his dad as a highly educated man who received his undergraduate degree in two years instead of four. He later became the superintendent of Hawaii State Department of Education. His concept in life was study hard, get good grades, and find a high paying job. Poor dad did not know how to invest money. He gave the same advice that most poor and middle class parents give their children. Never understanding that you needed to be more than book educated to get out of the money making hurdle. Meanwhile his best friend Mike’s dad, who is described as a man who is not as educated as his biological father but is street smart and knows to take risk, represents Rich Dad. Rich Dad gives ...

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... that its not the amount of money you have the makes you poor or rich but the way a person thoughts work. The author was also taught that the rich have fears like the poor and middle class and can also become slaves to hard work in order not to become part of the poor class.

I found this book to be very interesting and agree that a lot of the information makes sense; through there are still parts that some people would find offensive. I don’t think anybody wants to be placed into classes. I believe that Robert Kayosaki is a great writer and that he can inspire a lot of people to take the steps to become financially literate. Although I may agree with some of the lessons that were taught to him by Rich Dad, I also agree with what his Poor Dad’s teachings. Money can buy a person whatever they want if they have enough but it doesn’t make that person or family happy.