If you purchase this book without a cover, or purchase a PDF, jpg, or tiff copy of this book, it is likely stolen property or a counterfeit. In that case, neither the authors, the publisher, nor any of their employees or agents has received any payment for the copy. Furthermore, counterfeiting is a known avenue of financial support for organized crime and terrorist groups. We urge you to please not purchase any such copy and to report any instance of someone selling such copies to Plata Publishing LLC.
This publication is designed to provide competent and reliable information regarding the subject matter covered. However, it is sold with the understanding that the author and publisher are not engaged in rendering legal, financial, or other professional advice. Laws and practices often vary from state to state and country to country and if legal or other expert assistance is required, the services of a professional should be sought. The author and publisher specifically disclaim any liability that is incurred from the use or application of the contents of this book.
Copyright 1997, 2011, 2017 by Robert T. Kiyosaki. All rights reserved. Except as permitted under the U.S. Copyright Act of 1976, no part of this publication may be reproduced, distributed, or transmitted in any form or by any means or stored in a database or retrieval system, without the prior written permission of the publisher.
Published by Plata Publishing, LLC
CASHFLOW, Rich Dad, Rich Dad Advisors, and ESBI are registered trademarks of CASHFLOW Technologies, Inc.
are registered trademarks of CASHFLOW Technologies, Inc.
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First Edition: 1997
First Plata Publishing Edition: March 2011
20th Anniversary Edition: April 2017
042017
ISBN: 978-1-61268-016-3
Cover photo credit: Seymour & Brody Studio
Rich Dad Poor Dad is a starting point for anyone looking to
gain control of their financial future.
USA TODAY
BEST-SELLING BOOKS
BY ROBERT T. KIYOSAKI
Rich Dad Poor Dad
What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not
Rich Dads CASHFLOW Quadrant
Guide to Financial Freedom
Rich Dads Guide to Investing
What the Rich Invest in That the Poor and Middle Class Do Not
Rich Dads Rich Kid Smart Kid
Give Your Child a Financial Head Start
Rich Dads Retire Young Retire Rich
How to Get Rich and Stay Rich
Rich Dads Prophecy
Why the Biggest Stock Market Crash in History Is Still Coming... And How You Can Prepare Yourself and Profit from It!
Rich Dads Guide to Becoming Rich Without Cutting Up Your Credit Cards
Turn Bad Debt into Good Debt
Rich Dads Who Took My Money?
Why Slow Investors Lose and Fast Money Wins!
Rich Dad Poor Dad for Teens
The Secrets About Money That You Dont Learn In School!
Escape the Rat Race
Learn How Money Works and Become a Rich Kid
Rich Dads Before You Quit Your Job
Ten Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business
Rich Dads Increase Your Financial IQ
Get Smarter with Your Money
Robert Kiyosakis Conspiracy of the Rich
The 8 New Rules of Money
Unfair Advantage
The Power of Financial Education
Why A Students Work for C Students
Rich Dads Guide to Financial Education for Parents
Second Chance
For Your Money, Your Life and Our World
8 Lessons in Military Leadership
For Entrepreneurs
Why the Rich Are Getting Richer
What Is Financial Education Really?
BOOKS CO-AUTHORED WITH DONALD TRUMP
Why We Want You To Be Rich
Two Men | One Message
Midas Touch
Why Some Entrepreneurs Get Richand Why Most Dont
To parents everywhere,
a childs first and most important teachers,
and to all those who educate, influence,
and lead by example
How does a person say thank you when there are so many people to thank? Obviously this book is a thank you to my two fathers, who were powerful role models, and to my mom, who taught me love and kindness.
The person most responsible for this book becoming a reality is my wife Kimmy partner in marriage, business, and in life. She makes my life complete.
Contents
Table of Contents
Guide
The Beatles released the Sgt. Peppers Lonely Hearts Club Band album on June 1, 1967. It was an immediate commercial and critical success, spending 27 weeks at the top of the albums chart in the UK and 15 weeks at number one in the United States. Time magazine declared Sgt. Peppers a historic departure in the progress of music. It won four Grammy Awards in 1968 as well as Album of the Yearthe first rock album ever to receive that honor.
Rich Dad Poor Dad was released 20 years ago, on my 50th birthday, on April 8, 1997. Unlike The Beatles story, the book was not an immediate commercial success. It was not a critical success. In fact, the books release and the firestorm of criticism that followed was quite the opposite.
Rich Dad Poor Dad was originally self-published because every book publisher we approached turned my book down. A few rejection slips offered comments like You do not know what you are talking about. I learned that most publishers are more like my highly-educated poor dad, than my rich dad. Most publishers disagreed with my rich dads lessons on money as did my poor dad.
Twenty Years Today
In 1997, Rich Dad Poor Dad was a warning, a book of lessons about the future.
Twenty years later, millions of people around the world are more aware of my rich dads warnings and his lessons about the future. With 20/20 hindsight, many have said that his lessons were prophetic predictions come true. A few of those lessons are:
Rich Dads Lesson #1: The rich dont work for money.
Twenty years ago, a few publishers turned my book down because they did not agree with rich dads number one lesson.
Today, people are more aware of the growing divide between the rich and everyone else. Between 1993 and 2010, over 50 percent of the increase in the national income in the United States went to the wealthiest one percent. Since then, things have only gotten worse. Economists at the University of California found that 95 percent of the income gains between the years 2009 and 2012 also went to that wealthiest one percent.
The lesson: The increases in income are going to entrepreneurs and investors, not to employeesnot to the people who work for money.
Rich Dad Lesson: Savers are losers.
Twenty years ago, most publishers vehemently disagreed with this lesson from rich dad. For the poor and middle class, saving money is a religion, financial salvation from poverty and protection from the cruel world. For many people, calling savers losers is like taking gods name in vain.