Robert T. Kiyosaki and Sharon Lechter’s 1997 book Rich Dad, Poor Dad has sold more than 50 million copies worldwide.
By investing in resources, starting or owning businesses as well as developing one’s monetary intelligence quotient (IQ), one can increase one’s inclination toward business and budgetary success by increasing one’s knowledge of money and finances.
Robert Kiyosaki followed up with Rich Dad’s Cashflow Quadrant and Rich Dad’s Guide to Investing after the publication of the book. At least 12 of his books have been sold.
If you enjoyed this book and are looking for more books on personal finance and financial education, you’ve found the right place.
There are a lot of great books out there in the personal finance and self-help genres that we’ve found for you…
Think about money, and you’ll be on your way to financial freedom…
Listed below are ten books like Rich Dad, Poor Dad that we think you should read. If you’re interested in any of these titles, click “Check the Price” to see how much they cost.
Rich Dad Poor Dad Summary
Rather than a single narrative, Rich Dad Poor Dad tells a series of stories based on Kiyosaki’s own experiences. There are three main goals for the book.
First and foremost, this book demonstrates the disparity between the monetary practices of the wealthy and those of the poor and middle classes.
Find out what he does with the money he makes and how drastically different these three people’s spending habits are.
If you follow the age-old principle of going to school, getting good grades, and finding a high-paying job, you will find yourself in the biggest trap of your life and you may never know that you are in it.
“Your Mind” is the most powerful asset you have, so make the most of it! As long as you are properly trained, you can earn more money than anyone could ever pay you.
Here are a few highlights.
A basic understanding of finance and a smattering of other topics are recommended.
Acquire skills in a variety of areas such as financial investing, accounting, market trading, legal marketing, and leadership communication such as speaking and writing.
Investing in business knowledge pays the highest rate of return.
Invest in the future. They’ll take care of all your needs and expenses.
They work, pay taxes, and buy the things they want and need. They make money, spend it, then pay taxes after deducting their expenses. A corporation is encouraged to spend as much money as possible, then taxed on the rest.
Rich people’s income is generated by their wealth. Working hard and investing in long-term luxuries are the best ways to get what you want.
Profits should be reinvested, assets purchased, and liabilities reduced.
The purpose of your work should be to learn, not to make money, and to improve your knowledge of finance.
Do some research into the world of investing. Find the best people in your field and ask for their help and advice.
Remember that losing money is a part of the process. Unless you experience financial loss, you aren’t reaching your full potential. More failure increases your chances of success. It gives the winners the confidence to try new things.
Don’t let your feelings get the better of you. Don’t be bothered by what other people think.
You will not become wealthy by reading this book. Financial independence is possible for you if you learn from this book.
7 Best Books like Rich Dad Poor Dad
Rich Dad Cashflow Quadrant, By Robert T. Kiyosaki
Rich Dad, Poor Dad author Robert T. Kiyosaki is the author of this book. Published in 1998, this book is a classic in its field.
Robert Kiyosaki’s CASHFLOW Quadrant formula, detailed in his book “Rich Dad, Poor Dad,” is the subject of this book.
Anyone who has read Rich Dad, Poor Dad should definitely read this.
The Millionaire Next Door, By Thomas J. Stanley
Frailty is the secret to financial success in The Millionaire Next Door by Thomas J. Stanley.
He explains that if you want to see a return on your money, you must live below your means by spending less than you earn.
Think and Grow Rich, By Napoleon Hill
Anyone desiring to amass wealth should read Think and Grow Rich. An affirmation-based wealth and opportunity-creation strategy is taught.
In addition, the ideas expressed in Rich Dad, Poor Dad are a must-read for anyone interested in the ideas expressed in this book and the wealth created worldwide.
Read books by authors like Dale Carnegie. A Guide to Making Friends and Getting Your Way
Money Master The Game, By Tony Robbins
Tony Robbins wrote a book called Money Master The Game to help people learn how to better manage their finances.
Compound interest, he says, can be a powerful tool if used correctly. As a result, you should begin investing as soon as possible in order to reap the most benefits. In addition, he suggests that you use the three-bucket system to spread out your sources of income.
In this bucket, you will find a security bucket, a growth bucket, and a dream bucket with the money you need to live the life you’ve always wanted.
Anyone who enjoys Rich Dad, Poor Dad’s brand of common-sense financial realism will want to pick this book up.
Richest Man in Babylon, By George S. Clason
The Richest Man in Babylon is a must-read for anyone who wants to become wealthy. Ideas like paying yourself first and only investing in things you’re familiar with came from this book. If you are serious about accumulating wealth, you should read this book in conjunction with Rich Dad, Poor Dad.
The 4 Hour Work Week, By Timothy Ferriss
Tim Ferriss wrote and published The 4 Hour Work Week, a book about how to get more done in less time. The book discusses the importance of location and time allocation in wealth in great detail.
Even if you don’t own a business, this guide outlines the steps you can take to maximize your financial return. Because it is based on the idea of financial intelligence, this is a personal finance book similar to Rich Dad, Poor Dad.
The Intelligent Investor, By Benjamin Graham
Author Benjamin Graham penned The Intelligent Investor, which has been hailed as one of the greatest books ever written on the subject.
Investing wisely, according to him, is based on three guiding principles: understanding a company’s long-term viability and management principles before making an investment; diversifying your portfolio to reduce your exposure to risk; and never aiming for exorbitant returns but rather for steady ones.
It’s also important to note that he doesn’t believe in the stock market because it’s unpredictable and adheres to the same dollar-cost-averaging formula.
Rich Dad Poor Dad is a must-read for anyone who wants to learn more about how to become a wealthy person from the ground up.
Here are the final remarks.
It’s done. As always, feel free to share your thoughts on these books in the comments section if you’ve read them.