Rich Dad Poor Dad by Robert Kiyosaki (Detailed Summary) #Finance

48 thoughts on “Rich Dad Poor Dad by Robert Kiyosaki (Detailed Summary) #Finance”

1. 👍

2. Most people like me just want a roof over their head for their family and not be in complete poverty when they retired after paying 50% tax all their life.

   We didn’t need to be rich 50 years ago, and could live a great life. Now you need to be rich just to have a shitty house. In Australia you need to be a multi millionaire to own a shack one hour drive from the city. Not even joking you literally do. A millionaire to own a dog box two bedroom apartment way out west.

3. Most people like me just want a roof over their head for their family and not be in complete poverty when they retired after paying 50% tax all their life.

   We didn’t need to be rich 50 years ago, and could live a great life. Now you need to be rich just to have a shitty house. In Australia you need to be a multi millionaire to own a shack one hour drive from the city. Not even joking you literally do. A millionaire to own a dog box two bedroom apartment way out west.

4. What software he uses to make the videos??

5. Excellent summary! The contrast between the two mindsets is eye-opening. I found similar ideas in the Nixorus secrets that helped me reframe how I think about money and wealth. Definitely taking action with these insights!

6. The fact that nobody talks about the book Untold business masterclass, speaks volumes why people dont earn a lot of money..

7. Shitty book

8. I warm a wrong wage in the uk as a firefighter, almost hardly meet the cost of living through the month. Especially with a family.

   How can poor dads. Think bigger when money doesn’t come to my life in the way it clearly comes to the people who write books like these, completely negating the actual reality of poor dad life.

   No disposable income. No savings…. How? Renting a house, no assets to call liability in the first place.

   How do we make this work for us?

9. THANK YOU!

10. What sets top investors apart from the rest? I've got $385K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.

11. Saving 50% isnt unrealistic. U sound like a brokie making excuses. If u made $6k a month, saving 3k isnt unrealistic. I do it on 5.

12. Nice💷

13. Holy crap, there are so many scam bots in the comments

14. pls fix the captions

15. What’s crazy is they make money from this video too

16. Prologue: Understanding Money's Scale

    The video begins by illustrating the difference between 1 million, 10 million, 100 million, and 1 billion dollars.
    Jeff Bezos has 117 times 1 billion dollars in wealth.
    In contrast, most people work regular jobs, often with debt, like student loans or credit cards, and feel financially stuck.

    Part 1: The Rigged System – Is It Really?

    Many people feel that wealth is out of reach. They believe the system is rigged, and becoming rich is only possible if you're born into money or cheat the system.
    You may feel frustrated, thinking that dreams of financial freedom, like paying off debt, traveling, or buying a house, are just fantasies.
    But the video argues that this belief is wrong and that there’s a science behind wealth creation.

    Part 2: The Lies You've Been Told About Money

    What you think about money is largely shaped by your upbringing and environment.
    If you grew up without much money, you might believe that you’ll never be rich. Schools also fail to teach about wealth.
    Many people think that money equals salary from a job, but this equation is flawed. Working a regular job, even at $20 an hour, would take decades to make $1 million, and that’s before taxes and inflation.
    The rich, like Warren Buffett, Oprah Winfrey, and Jeff Bezos, weren’t born rich. Many of them started with nothing but had a different mindset.

    Part 3: The Truth About Wealth

    In a capitalist society, you get paid based on the value you provide. The more valuable your solution to a problem, the more money you can make.
    The market, which includes consumers like you and me, decides how much value something has. For example, football players make millions because the market sees value in the sport.
    It’s not about how hard you work; it’s about how valuable your work is perceived. This is why a cleaner earns less than an accountant.

    Part 4: Solving Problems is the Key to Wealth

    The first step to creating wealth is to stop chasing money and focus on solving problems.
    If you solve a small problem, you’ll make some money. If you solve a big problem, you can make millions or even billions.
    Think about what problems companies like Amazon solve—convenience, speed, and lower prices. The bigger the problem, the more valuable the solution.

    Part 5: Finding a Scalable Solution

    The next step is to find a solution that can be scaled, meaning it can reach a lot of people. Starting a restaurant is limited by location, but creating a product or service that can be sold online, like software, can reach people worldwide.
    Your income shouldn’t be tied to your time. For example, teaching yoga in person limits your earnings, but creating an online course can reach unlimited people at any time.

    Part 6: Automation and Systems for Success

    To scale successfully, automation is crucial. Set up systems that allow your business to run without needing your constant attention.
    Outsourcing tasks and hiring people to do specific jobs will help free up your time and let your business grow.

    Conclusion: A Tough but Rewarding Path

    The road to wealth isn’t easy. It involves changing your mindset, solving big problems, and finding scalable solutions.
    Most importantly, it requires patience, learning from failures, and building systems to make your business run efficiently.

    I HOPE YOU LIKE IT.

17. People who are able to retire early are lucky . I have 15 months till 65 and need to look at calling it quits, my only fear is running out of funds much later, thus keen on investing. What could be the safest possible ways to invest for cashflow, in order to afford lifestyle after retirement?

18. The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies

19. Thing is the "RICH Dad" can't become wealthy without the "POOR Dad". A WIN LOOSE situation. How is a Win Win possible?

20. https://www.youtube.com/watch?v=9H9_BeEz1V8

21. Part 2 please…🙏

22. how to edit videos like this

23. People, stop wasting time with surfacelevel tips. If you want to understand real money attraction techniques, get your hands on Success Secrets of the Elite. The hidden strategies in that book will shock you.

24. I’ve never seen anything like what’s in Success Secrets of the Elite. It exposes business strategies that successful people use to manipulate the market in ways most of us never see. Trust me, you need to read it.

25. Do yourself a favor and find Success Secrets of the Elite. You’ll discover wealthbuilding secrets that most people will never even come close to learning. Thank me later.

26. People, stop following the same path as everyone else. If you want extraordinary success, find the confidential book Success Secrets of the Elite—only then will the true shortcuts to wealth be revealed.

27. Most people are stuck with conventional wisdom. If you want to rise above that, find the forbidden books like Success Secrets of the Elite. The hidden knowledge there will blow your mind.

28. If you ever listen to anything in the comments, let it be this—find Success Secrets of the Elite and learn what it takes to get ahead. Then come back and thank me for changing your life.

29. This video is good, but it's only scratching the surface. If you want the real truth, find Success Secrets of the Elite—it’s packed with powerful techniques they don’t want you to know.

30. If you’re serious about success, I recommend you track down Success Secrets of the Elite. It dives deep into secrets that completely transformed my life. You’ll be shocked.

31. Good recap, but this book sucks

32. I'm going for 625 years

33. It was a great video about finance! I really enjoyed watching u.!!

34. You just saved 5,293,008 in our world, thank you Sir

35. Hallelujah!!! I’m the favorite, $60,000 every week! Now I can afford anything and also support the work of God and the church.

36. voice is reallllllly fricken annoying…

37. I recognize the fact that we need to be smart about our money,but the way government is wasting so much wealth in other things that should not is mind blowing. Free healthcare, affordable housing and free education should be the main goal for most countries. After all the wealth from natural resources should be owned by its citizens and not corporations.

38. Improve the voice quality please it's not clear

39. Rich or poor , always Dad Is a Dad

40. Good

41. It’s amazing how this book is basically about perception and how you perceive things, and I love it, most of the time wealth and rich isn’t inherent, it’s viewpoint, a mentality

42. I agree with most of the book, but we need somewhere to live and most people dont have the money to pay a house in cash. Renting a house is not a liability but results in a lot of expenses. So what is the solution?

43. Please Sir/ma drop more financial education videos we would really appreciate.
    I'm subscring RN

44. Man the explanation was out of the world 🎉🎉😊

45. I listened to RK before COVID as an employee. Now I adopted his teachings but applied what is appropriate since this is an American view. Now I have a business while keeping my job all real estate. Business is frowned upon in the office.

46. This guys accent is hard to listen to. He struggles with the English language.

47. Truely eye-opening

48. Has anyone changed his/her life by reading this book?

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