The ideas presented in Rich Dad, Poor Dad aren’t particularly profound or fancy, but the concepts were entirely new to me. This is especially true of how the book taught me to think of money not as an end-goal, but as a tool for wealth creation.

The title Rich Dad, Poor Dad refers to the two main male influences that Robert had as a child. His own father, the figurative “poor dad,” worked at a steady job for a living, while the “rich dad” (the father of a friend) ran a multitude of businesses. Most of this book is told from the perspective of Robert learning from his “rich dad” about how to make money – and seeing how his “poor dad” made huge money mistakes

The book ended with a very brief section that outlined another unbelievably good financial situation.

One was the author’s own father, the poor dad. He was an educated man who believed in the conventional wisdom of a good education, hard work and saving money to live comfortably.

On the other hand, there was the author’s friend Mike’s father, who was like another father to him, the rich dad.

Mike’s father was a high school dropout, but he was a successful businessman and wealthy enough to be able to afford any luxury he craved.

The author presents the difference in attitudes between the two in Rich Dad Poor Dad (Hindi).

He says that a good education does not really assure a secure financial status. Formal education, he says, does not teach much about the practical aspects of acquiring wealth.

The author turns a few ideas about wealth on its head. For instance, he says that a house is not an asset, but a liability as the owner has to spend a lot of money on it.

He says only those possessions that themselves generate money can be called assets.

Rich Dad Poor Dad (Hindi) says that what the rich teach their kids about money is the real financial wisdom.

Poor and middle class children generally do not have access to this kind of knowledge. The book says that real assets are those that generate wealth, not those that take money to maintain.

So, he urges the reader to invest in real estate, which will increase in value and generate wealth in the future.

He says owning profitable businesses is also vital for wealth creation. These create more wealth, so they qualify as assets.

Rich Dad Poor Dad (Hindi) teaches the readers the basic difference between what can be viewed as assets and which are liabilities.

It stresses the importance of investments and entrepreneurship as the true means to creating wealth and assuring financial independence and security.