One of the most influential books on changing your mindset from poor, to rich.
Did you know that with the advent of the Federal Reserve Bank (which is not federal, has no reserves, and isn't a bank) the entire monetary world was turned on its head? It used to be savings got you ahead in life. Now, "Savers are the biggest losers" - Robert Kiyosaki. And if you want to know how the banking system really works, read the rules to the game of Monopoly. In 1971, when Richard Nixon took us off the gold standard, the rules of Monopoly became the rules of money and the banking industry.
Robert Kiyosaki challenges many of your beliefs about money. Things like "your house is your biggest asset", and the line "go to school, get a job and save for retirement" and shows you how these are recipes for disaster.
"Job is an acronym, it stands for Just Over Broke" - Robert Kiyosaki.
After going over the basics of the upside down financial world we find ourselves in, he then goes on to teach financial education. He starts you off with the basics of cash flow and a financial statement. What is an asset and what is a liability.
An asset is something that puts money into your pocket.
A liability is something that takes money out of your pocket.
Thus, instead of "Your house being your biggest asset" like all the financial pundits say, you learn that your house is your biggest liability. (not that you shouldn't spend money on a good house) Further, its the banks asset. And the bank, through fractional reserve lending, just made up money out of thin air to pay for the house that you gave them, while you trade your hard work to pay them back.
This is a great book. It is fun and easy to read. Robert is very good at showing why certain things matter to your financial well being with personal stories and anecdotes. Show how his poor dad thought, and so although he had a good job, it left him completely broke, while his rich dad believed almost the complete opposite when it came to money and ended up owning much of Hawaii.
"We can't afford that." - poor dad
"How can I afford that?" -rich dad
And he goes further. To rich dad, the words, "I can't afford that" are life destroying, dream destroying words, and forbade his son from ever using them. Because the words we use about money are what creates our financial future.
The only turn off to this book is that it isn't a really deep book. It just gives you the over view. Also, Robert's way of making cash flow during this time was through housing. (but now we have crypto markets) He also wrote books for Amway, so there is also a bit of MLM. (not that it is bad, just as long as its not a ponzi scheme)
If you don't already know why the FED is evil, and already have a laundry list of the financial lies you have been told, then this is a must read.
(If you already know all about the FED, and you run your own business... you probably already read this book)
Image from Amazon Books, copyright Robert T. Kiyosaki
https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194/ref=asap_bc?ie=UTF8