PADRE RICO PADRE POBRE

It evokes the concept of financial freedom through investment, real estate, business ownership and the use of financial protection tactics. Padre Rico Padre Pobre is written in an anecdotal way and is aimed at creating a public interest in finance.

Kiyosaki and Lechter advise that owning a system or form of production is better than being a salaried employee. This is a recurring theme in the chapters of the book.

The book is based on the financial education that Kiyosaki received from his "Rich Dad" in Hawaii, although the fiction level of these anecdotes is under discussion. Due to the intensive use of allegories, some readers believe that Kiyosaki deliberately created his "Rich Father". The book highlights the different attitudes toward money, work and life of these two and how they influenced the lives of both.

Main topics of the book

The importance of financial education
Corporations spend first, then pay taxes, while individuals pay taxes first.

Corporations are artificial entities that anyone can use, but generally the poor do not have access to them or know how to have it.

According to Kiyosaki and Lechter, wealth is measured as the number of days that the income of your assets can support you, and financial freedom is achieved when your monthly income for your assets exceeds your monthly expenses.

Many readers believe that the "Rich Dad" in the book is really the founder of the stores of Hawaii ABC Stores.

"Saving money is not going to make you rich."
"Physical exercises improve health, mental exercises improve wealth, laziness destroys both."