Rich Dad Poor Dad

"Rich Dad Poor Dad" is a 1997 personal finance book by Robert T.

"Rich Dad Poor Dad" is a 1997 personal finance book by Robert T. Kiyosaki and Sharon Lechter that contrasts two father figures to teach lessons about money, assets, and financial literacy.

What it is

Published in 1997, the book presents Kiyosaki's financial lessons through the contrasting attitudes of his biological father (poor dad) and his friend's father (rich dad). It argues that financial education and acquiring income-producing assets are more important than earning a high salary alone.

Key details

A central idea is the difference between assets that generate income and liabilities that consume it. The book encourages readers to think about money as a tool for building wealth. It has been translated into many languages and remains one of the best-known personal finance titles.

Why it matters

The book became widely influential in popular personal finance and wealth-building discussions. In Canada, it is commonly used in conversations about budgeting, investing, and financial literacy. It has also drawn criticism for simplifying complex financial issues.