Rich dad, poor dad. Resume

According to the author, regular schooling does not provide adequate financial education.

Typically, schools concentrate on developing professional skills rather than financial abilities.

This demonstrates how smart students, who have gone on to become smart professionals in

their industries, struggle with money management.

Mike's father, the author of 'Rich Dad,' is his boyhood pal. Throughout his life, he taught him

about money and finances. He saw that both of his fathers—his father and Mike's

father—worked hard, but that his father never utilized his intellect for financial gain. As a

result, he is known as the "Poor Dad."

● The author's impoverished father taught that if he studied hard in school, he would be

able to find a decent company to work for and a steady position, but the author's rich

father preached that studying hard would help him locate the ideal company to buy.

● The poor father considered their home to be their largest investment and greatest

asset, but the rich father considered it to be a liability.

● The impoverished father was accustomed to paying bills first, whereas the wealthy

father wanted to pay payments as late as possible.

● The author's poor father taught him how to write great resumes that would help him

find and crack good job interviews, while his rich father taught him how to develop

amazing financial plans that would help him generate jobs.

The 'Rich Dad' was once broke owing to a significant financial catastrophe, but he continued

to refer to himself as a wealthy individual. “Broke is transient, poor is eternal,” he remarked,

describing the difference between being poor and being broke.

His wealthy father inspired the author to learn how money works and how to make it work for

him.