Literature / Rich Dad, Poor Dad
A bestselling book by Robert Kiyosaki, which according to him, contains all secrets of the success of rich people.
The title comes from the (supposedly authentic) Robert's childhood experiences, and how he had two dads (no, not that kind
): A "poor dad", who was his biological father, a teacher who broke his back working his whole life and died poor, and a "rich dad", who was his best friend's father and a shrewd businessman who owned several stores, a construction company and restaurants in addition of teaching him everything he knows about how to become rich.
This book provides examples of:
- Artistic License – Economics: The book repeats the assertion that "since increasing one's income makes you pay more to the government in taxes, then it's a bad idea to increase your taxable income". (If this is to be interpreted as anything but a philosophical anti-government attitude, it is based on a common misconception about how progressive tax rates work - if you earn enough for your income tax rate to increase from 30% to 40%, say, the new 40% rate is applied only to the amount you earn above the threshold. The amount you earn below the threshold will still only be taxed at 30%.)
- Based on a Great Big Lie: See Very Loosely Based on a True Story.
- Dan Browned: In the book, Robert claims to be a very successful real estate broker, yet many experts in the field have pointed out that the cases presented are either very unlikely, impossible to happen in Real Life or even outright illegal. There's even a page dedicated to debunk his cases.
- Exact Words: At first, when young Robert and his best friend, Mike, try get into the task of "making money", they first make an elaborate plan for manufacturing (counterfeit) coins. Fortunately they get straighten out by both the "rich" and "poor" dads.
- Good Fortune from God: This is a twist to this trope: the source of Bob Kiyosaki's wealth is never positively identified.
- Multiple-Choice Past: His own accounts of what he did and when he did them are contradictory if not mysterious.
- School Is for Losers: Probably not the intended message of the book, but the way it downplays education like in the introduction where it mentions the names of several billionaires who were school dropouts, and where it mentions that higher education is becoming more and more expensive and that is much better to buy investments to get an income, does become a Family-Unfriendly Aesop.
- Self-Made Man: Robert describes both himself and his "rich dad" as this.
- Trickster Mentor: The "rich dad", when after Robert and Mike ask him about how to make money, he hires them as helpers in his shop and makes them work long hours while paying them a pittance. When Robert and Mike get fed up with this and tell him that he is wasting their time, the "rich dad" congratulates them for the first lesson learned.
- Undermined by Reality: For all his financial advice, the news that Kiyosaki declared bankruptcy a few years after the book was published, kind of undermined its message, though that bankruptcy is for one of his companies using Chapter 11 instead of Chapter 7 of the Bankruptcy Code.
- Very Loosely Based on a True Story: Robert has never revealed the identity of his "rich dad", other than saying that he was his childhood's best friend's father, which is odd considering how prominently he features in the book; He has zigzagged between saying that he is a real person, a composite of several people and "Is Harry Potter real?"
- Young Entrepreneur: Robert and Mike start a comic book rental business after learning the first lesson of the "rich dad".