Miguel Venancio-Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not

Author of Book: Robert T. Kiyosaki
Date Read: June 4, 2024

Book Report

In the realm of personal finance, a wise mentor can be the key to unlocking the doors of prosperity. Robert Kiyosaki’s “Rich Dad Poor Dad” is a thought-provoking journey that contrasts the mindsets of two fathers, one rich and one poor, to reveal the secrets of building wealth.

The story follows Robert, a young boy who seeks guidance from his “Poor Dad,” a well-educated but financially struggling father, and his “Rich Dad,” a successful entrepreneur who defies conventional beliefs about money. Through their conversations, Robert learns that wealth is not just about earning a steady income but about building assets, taking calculated risks, and thinking creatively.

As we delve into the book, we find ourselves in a maze of financial literacy, where the conventional rules of money management are challenged. Rich Dad’s unorthodox teachings, such as “assets are more important than liabilities” and “the rich don’t work for money,” force us to reevaluate our own beliefs about wealth creation.

Through the lens of Robert’s experiences, we witness the transformation of a curious child into a financially savvy individual. His journey serves as a metaphor for our own path to financial freedom, encouraging us to question our assumptions and challenge the status quo.

My upbringing:

In the gritty streets of my neighborhood, the only currency that mattered was to hustle. My parents, Mexican immigrants, instilled in me a work ethic that would make even the most diligent individuals proud. Yet, despite our tireless efforts, the shackles of poverty seemed impossible to shake. That was until I stumbled upon “Rich Dad Poor Dad” in the most unlikely of places, a prison cell. Robert Kiyosaki’s revolutionary ideas illuminated a new path, one that would lead me from the streets to the stock market.

As I devoured the book’s wisdom, I realized that my upbringing, though rich in resilience, was lacking in financial literacy. The “Poor Dad” in me had been conditioned to believe that hard work and saving were the sole keys to success. But Kiyosaki’s contrarian views shook me awake, like a cold and freezing shower.

My Thoughts and Opinions:

“Rich Dad Poor Dad” is more than a book, it’s a mirror reflecting the harsh realities of our financial beliefs. Kiyosaki’s unapologetic truth-telling resonated deeply, as I recognized the “Poor Dad” mentality that had held me back for so long. His emphasis on financial education, assets over liabilities, and calculated risk-taking struck a chord.

Relating to the Book:

As I turned the pages, I saw myself in Kiyosaki’s journey – the struggles, the doubts, the epiphanies. His story vindicated my own experiences, validating the frustration and confusion that came with being stuck in a cycle of poverty. But most importantly, it offered a way out, a roadmap to financial freedom that I could understand and implement.


“Rich Dad Poor Dad” is a beacon of hope for those trapped in the cycle of poverty. It’s a testament to the power of financial education and the human spirit. For me, it marked a turning point, a transformation from a “Poor Dad” to a “Rich Dad” mentality.