Rich Dad Poor Dad by Robert Kiyosaki (Detailed Summary)

Detailed Step by Step walkthrough of Rich Dad Poor Dad by Robert Kiyosaki. This Animated book summary will help you to understand how the rich get rich and why you struggle financially. If you want to escape the rat race, this book can change your life.

This Visual guide will help you to understand all the amazing teachings that are within this book.

Rich Dad Poor Dad by Robert Kiyosaki

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If you are struggling financially then you need to watch this video which covers topics such as:

-how to invest
-how to gain a financial education
-passive income
-how the rich get richer
-Assets to invest in, such as real estate, businesses and bitcoin
-financial coaching
-personal growth money learning
-what the rich teach their kids about money that the poor and middle class do not
-plus much more

What does rich dad poor dad teach you?

Rich Dad Poor dad gives you the right mindset to become financially free. It shows you how the Rich get richer and why the poor and middle class struggle through life. Robert's poor dad taught him to get a job and work his way up the corporate ladder. His Rich father guided him on another path that turned him into a multi-millionaire.

Who is Rich Dad?

Rich dad was Robert Kiyosaki's best friends father who guided him on the path to financial freedom.

Is Rich Dad Poor Dad a good book?

In my opinion this book changed my life. It helped me to change my perception of wealth and put me into the right mindset to continue on the path to financial freedom. It really opened my eyes to how most people struggle through life because they are playing by a different set of rules to the rich.

Other Video summaries on this Channel

The Four Agreements (Detailed Summary)

Limitless by Jim Kwik (Detailed Summary)

This is the story of the rich dad and the poor dad

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*** TIMESTAMPS ***

0:00 Intro
2:01 Rich Dad and Poor Dad
3:00 Lesson 1 - The Rich don't work for money
6:15 Lesson 2 - Why teach financial literacy?
12:19 Lesson 3 - Mind your own business

DISCLAIMER: All information and data on this video are for informational purposes only. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

This video is copyrighted by Escaping Ordinary. Therefore any unauthorized copying and use of the work constitute copyright infringement.

#howtogetrich #robertkiyosaki #richdadpoordad

[PhilipMurray]

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[christianajoe]

Every family has that one person who will break the family's financial struggle, I hope you become the one 😊

[DonaldMark-nese]

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[Michelleyoung-dqzc]

Well explained. Thanks for bringing up the video. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject…

[medicmedina]

I have listened to the book several times, and watched many summaries on YouTube. This is the best one by far I was bummed it was only half. Please finish part 2

[jameswood]

if the idea is to build an income stream to use as complement for retirement, or at any given point if needed, then building a dividend growth portfolio always buying adding to it could be a good and peaceful path. On the long run consistency and perseverance could guaranty the desired income stream goal with little worries

[johnsam]

It is fascinating how everyone wants to be financially free but yet no one has the challenging ability to discipline them selfs

[FaithAndrada-xoou]

I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.

[maccaroni]

As a grown adult with ADD it’s hard to read and stay focused. Visuals like this are by far the best way for me to learn and understand! Would love more content like this! Thank you🙏🏽

[UNSTOPABLExPANDA]

After years of depression I’ve finally learned my life purpose! Im meant to break the generational poverty and misfortune of my family and ive been diving heavily into learning as much as i can about being successful. To anyone reading this I wish you the best luck in your journey

[Greggsberdard]

The information of this video and book has opened my eyes. A severe recession can actually be a good time to buy things in the markets, as long as you're cautious. It can also lead to volatility, which can create opportunities for short-term buying and selling. This is not financial advice, but it's a time when cash might not be the best option.

[jessicamoore]

The information of this video and book has opened my eyes. I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

[chrispaul]

When you invest you're buying a day you don't have to work, I pray everyone here becomes extremely successful!

[RIRIany]

I personally believe and agree for almost of this books content. But poor is a complex situation, especially the structurally poorness. Even if you have this kind of mentality, some people really didnt even get the priviledge to try in the first place.

[dawsondanny]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[PatrickLloyd-]

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

[TorresJuanJose]

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio of $450k dwindle away is such an eye -sore.

[manolisgemeliaris]

This makes it sound so easy. I grew up in a quickly developing touristic place , and I have met way too many millionaires. They all have 3 things in common.
1. They are negotiating everything, trying not to spend even at others' expense.
2. They all are heirs of millionaires. They just grew up with the money from their parents/grandparents. Even if they started sth on their own, they had the financial privilege to do so. From real estate, to shipping companies to anything. (Bonus, most of these people's ancestors, acquired the money in illegal ways).
3. They grew up in an environment that taught them how to keep making money. (eg. buy a villa to enjoy your vacations, rent it to others when you're not there)

Most of the people I know in my life, have their own business. Including my parents. No matter how hard you work and adjust to modern times etc . It's a big matter of luck and timing, to get rich.

[tahirisaid]

Reading books has really skyrocket the way I think about investing. Indeed, no one has ever got rich by saving money. If you want to become financially free, You need to Invest. I've come to realize that the key to amassing wealth lies in making sound investments.

[micheallancelot]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.