The summary of a lesson giving Novel "Rich Dad,Poor Dad."
The book is the story of a person (the narrator and author) who has two
fathers: the first was his biological father â the poor dad - and the
other was the father of his childhood best friend, Mike â the rich
dad. Both fathers taught the author how to achieve success but with
very disparate approaches. It became evident to the author which
father''s approach made more financial sense. Throughout the book, the
author compares both fathers â their principles, ideas, financial
practices, and degree of dynamism and how his real father, the poor and
struggling but highly educated man, paled against his rich dad in terms
of asset building and business acumen.
The author compares his poor dad to those people who are
perpetually scampering in the Rat Race, helplessly trapped in a vicious
cycle of needing more but never able to satisfy their dreams for wealth
because of one glaring lack: financial literacy. They spend so much
time in school learning about the problems of the world, but have not
acquired any valuable lessons about money, simply because it is never
taught in school.
His rich dad, by contrast, represents the
independently wealthy core of society who deliberately takes advantage
of the power of corporations and their personal knowledge of tax and
accounting (or that of their financial advisers) which they manipulate
to their advantage.
The book''s theme reduces to two fundamental concepts: a
can-do attitude and fearless entrepreneurship. The author highlights
these two concepts by providing multiple examples for each and focusing
on the need for financial literacy, how the power of corporations
contribute to making the wealthy even wealthier, minding your own
business, overcoming obstacles by not fostering laziness, fear,
cynicism and other negative attitudes, and recognizing the
characteristics of humans and how their preconceived notions and
upbringing hamper their financial freedom goals.