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This path-breaking book also showcase how one must be prepared to take action and risk and communicates the idea of how one s primary residence is a liability and not an asset. It also provides impetus on doing work for learning and not for earning and teaches the importance of investing and building business. It also sheds light on the teachings given by rich to their kids, which is usually missed by poor as well as the middle class parents and why it is important to have financial literacy over and above all. The book talks about Kiyosaki s background, his business ventures and investments and variation between possessions and liabilities and what importance they both have in terms of starting and owning a business. Described as a personal finance book, it has not only challenged, but has also changed the way people think about money. Apart from the financial benefits, the book also describes and highlights the teachings he got from his poor dad, i.e., empathy and responsibility towards society. Framed around six main teachings and lessons, the book is mostly a self-reflection. Enriched by Kiyosaki s personal experience and the teachings he received from his rich dad and poor dad, the book highlights different attitudes towards money, work and life. It debuted at #1 on The New York Times bestsellers list.Written by Robert Kiyosaki and Sharon Lechter in 1997, Rich Dad Poor Dad is based mostly on Kiyosaki's young days spent in Hawaii. In 2006 Robert teamed up with Donald Trump to co-author Why We Want You To Be Rich - Two Men - One Message. A documentary film based on the contradictions of ‘old financial advice’ is planned for release in 2010. His assertion that “your house is not an asset” has stirred controversy but has been proven to be accurate in our economy’s current financial crisis. His point of view that ‘old’ advice - get a good job, save money, get out of debt, invest for the long term, and diversify - is ‘bad’ (both obsolete and flawed) advice, challenges the status quo. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned a reputation for straight talk, irreverence and courage. Robert has been featured on shows such as Larry King Live, Oprah, The Doctors, Bloomberg International Television and CNN. Rich Dad titles hold four of the top ten spots on Nielsen Bookscan List’s Life-to-Date Sales from 2001-2008 alone. Robert Kiyosaki is best known as the author of Rich Dad Poor Dad – the #1 personal finance book of all time – which has challenged and changed the way tens of millions of people around the world think about money. "This book is about choosing new options, new directions, and a new financial future." - Robert Kiyosaki, AuthorĮducational Entrepreneur, creator of the CASHFLOW® board game, founder of the financial education-based Rich Dad Company and author of New York Times Bestsellers Conspiracy of the Rich: The 8 New Rules of Money and Rich Dad Poor Dad. In a world of financial turbulence, your best asset is your financial IQ. This is why your financial intelligence is more important today than ever before. Today, we all know our money can go down in value and even savers can be losers. Today, we all know a person can lose money investing in the stock market. Today, we all know a home can go up or down in value. Today, we are all aware that a home can be a liability. In 2007, as homes declined in value or were lost to foreclosure, millions of homeowners painfully discovered the wisdom in Robert's rich dad's words. Rich Dad Poor Dad was written to prepare you and your loved ones for the financial turbulence Robert's rich dad saw coming. It is a book about the importance of financial education. Rich Dad Poor Dad is not a book on real estate. In 1997, Robert's book Rich Dad Poor Dad stunned readers, stating, "Your house is not an asset." As howls of protest went up around the world, the book went on to become an international bestseller, one of the longest running bestsellers in New York Times history.