Rich Dad - Pool Dad

   Rich Dad Poor Dad is a book by Robert Kiyosaki. It advocates financial independence through investing, real estate, owning businesses, and increasing one's financial intelligence. Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's life. Kiyosaki stresses the ownership of high value assets, rather than being an employee in the book.

    The book is largely based on Kiyosaki's upbringing and education in Hawaii. It highlights the different attitudes to money, work and life of two men (i.e. his titular "rich dad" and "poor dad"), and how they in turn influenced key decisions in Kiyosaki's life. Among some of the book's topics are: Robert Kiyosaki's personal story.

    The difference between assets and liabilities What the rich teach their kids about money that the poor and middle class do not The idea that your house is not an asset, unless you are using it to produce revenue The value of financial intelligence and financial literacy How corporations spend first, then pay taxes, while individuals must pay taxes first How corporations are artificial entities that anyone can use, but the poor usually do not know how The importance of investing and entrepreneurship Kiyosaki advocated Dr. Buckminster Fuller's views on wealth, that wealth is measured by the number of days the income from your assets can sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses.

    Rich Dad Poor Dad has sold over 26 million copies and received positive reviews from some critics.Oprah Winfrey endorsed the book on her show. Another celebrity supporter is Will Smith, who said he is teaching his son about financial responsibility by reading the book. John T. Reed, a critic of Robert Kiyosaki, says, "Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice." He also states, "Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred." Kiyosaki provided a rebuttal to some of Reed's statements.

    Slate reviewer Rob Walker called the book full of nonsense, and said that Kiyosaki's claims were often vague, the narrative "fablelike", and that much of the book was "self-help boilerplate", noting the predictable common features of such books were present in Rich Dad, Poor Dad. He also criticizes Kiyosaki's conclusions about Americans, American culture, and Kiyosaki's methods.