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Reflections from our Bookshelf: Rich Dad Poor Dad

Rich Dad Poor Dad

By: Robert T. Kiyosaki
Reflection by: Ellie Frazier

 

Why I read it?

I read Rich Dad Poor Dad because I wanted to learn more about personal finance and how to best manage money. I’ve always been interested in creating multiple streams of income for myself and for my family. I’ve heard a lot about the book and how it’s changed readers’ thoughts about wealth and financial independence, so I was curious to see what a new perspective might offer!

What is it all about?

Kiyosaki writes about four main topics throughout the book: the importance of financial education, the difference between assets and liabilities, the “rat race”, and mindset. Throughout each of these topics, Kiyosaki encourages the reader to think of ways to make your money work for you to gain financial independence.

What caused me to pause?

A key point that stood out was Kiyosaki’s critique of the “rat race,” where people work hard to earn money, only to spend it on expenses and debts. The idea of escaping this cycle by focusing on financial education, investing, and entrepreneurship was both freeing and intimidating. I paused to think about my own financial situation and whether I’m taking enough proactive steps toward financial independence. This book made me question my mindset and pushed me to consider how I can start building wealth in smarter, more sustainable ways.

How will this book change my habits or influence me?

I think the greatest influence this book had on me was changing my financial habits. I want to think more critically about money and my approach to wealth-building. One of the most significant takeaways from the book is the idea of focusing on acquiring assets rather than liabilities. Moving forward, I plan to be more mindful about how I allocate my money; prioritizing investments—such as stocks, real estate, or other income-generating opportunities—over purchases that only provide short-term satisfaction but don’t build long-term wealth.

Add this to your reading list if…

You’re looking for a fresh perspective on how to manage your finances—beyond the traditional approach of working hard, saving, and avoiding debt.

Pickle Rating: I would give this book a 5 out of 5!

Shannon Dermody

Shannon DermodyTEST

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