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The title comes from Robert's (supposedly authentic) childhood experiences, and how he had two dads: A "poor dad", who was his biological father [[note]]Ralph H. Kiyosaki, who was Hawaii's Superintendent of Education in the 60s. As briefly mentioned in the book, Ralph's fortunes turned in 1970, when he ran unsuccessfully in Hawaii's gubernatorial election as the running mate of Republican candidate Samuel Pailthorpe King, against John A. Burns (the Democrat incumbent, mentioned as "Dad's boss" in Robert's book). After the election, Burns decided that Ralph could no longer work for the Hawaiian state government.[[/note]], 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.
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The title comes from Robert's (supposedly authentic) childhood experiences, and how he had two dads: A "poor dad", who was his biological father [[note]]Ralph father,[[note]]Ralph H. Kiyosaki, who was Hawaii's Superintendent of Education in the 60s. As briefly mentioned in the book, Ralph's fortunes turned in 1970, when he ran unsuccessfully in Hawaii's gubernatorial election as the running mate of Republican candidate Samuel Pailthorpe King, against John A. Burns (the Democrat incumbent, incumbent Democrat, mentioned as "Dad's boss" in Robert's book). After the election, Burns decided that Ralph could no longer work for the Hawaiian state government.[[/note]], [[/note]] 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.
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** Taking calculated risks, instead of avoiding risk entirely, can help individuals step out of their comfort zones to seize opprtunities for financial growth.
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** Taking calculated risks, instead of avoiding risk entirely, can help individuals step out of their comfort zones to seize opprtunities opportunities for financial growth.
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* ArtisticLicenseEconomics: 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%.)
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* ArtisticLicenseEconomics: 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%.)
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* DidntThinkThisThrough: Although he didn't write it down explicitly, the reader gets the impression that Robert had this at the back of his mind when his father announced his decision to run against his boss in an election. [[note]] As it turns out, Burns would later become ill to the point of incapacitation for the last year of the term. Although he remained the governor in name, Lt. Gov. George Ariyoshi (his running mate) took the role of acting governor from October 26, 1973 until the end of the term on December 2, 1974. So hypothetically, if Ralph had ran as Burn's running mate instead of against him, he could have become Hawaii's next governor instead of Ariyoshi.[[/note]]
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* DidntThinkThisThrough: Although he didn't write it down explicitly, the reader gets the impression that Robert had this at the back of his mind when his father announced his decision to run against his boss in an election. [[note]] As [[note]]As it turns out, Burns would later become ill to the point of incapacitation for the last year of the term. Although he remained the governor in name, Lt. Gov. George Ariyoshi (his running mate) took the role of acting governor from October 26, 1973 until the end of the term on December 2, 1974. So hypothetically, if Ralph had ran as Burn's running mate instead of against him, he could have become Hawaii's next governor instead of Ariyoshi.[[/note]]
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* ExactWords: 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.
** In a more subtle way, once Rich Dad's identity is known, the sentence "They (both dads) sort of looked alike, though not of the same ethnic makeup." becomes this. [[note]]Most readers assume that since Robert's dad is ethnic Japanese, Rich Dad is probably a Caucasian. As it turned out, Richard Kimi is an ethnic ''Chinese''.[[/note]]
** Again on Rich Dad, once you know his identity, Robert's description of what he does also becomes this. Stores, a construction company and restaurants are all legitimate sidelines to a ''hotelier''.
* GoodFortuneFromGod: This is a twist to this trope: the source of Bob Kiyosaki's wealth is never positively identified.
** In a more subtle way, once Rich Dad's identity is known, the sentence "They (both dads) sort of looked alike, though not of the same ethnic makeup." becomes this. [[note]]Most readers assume that since Robert's dad is ethnic Japanese, Rich Dad is probably a Caucasian. As it turned out, Richard Kimi is an ethnic ''Chinese''.[[/note]]
** Again on Rich Dad, once you know his identity, Robert's description of what he does also becomes this. Stores, a construction company and restaurants are all legitimate sidelines to a ''hotelier''.
* GoodFortuneFromGod: This is a twist to this trope: the source of Bob Kiyosaki's wealth is never positively identified.
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* ExactWords: ExactWords:
** 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 Fortunately, both dads straighten out by both the "rich" and "poor" dads.
them out.
**In a more subtle way, More subtly, once Rich Dad's identity is known, the sentence "They (both dads) sort of looked alike, though not of the same ethnic makeup." becomes this. [[note]]Most readers assume that since Robert's dad is ethnic Japanese, Rich Dad is probably a Caucasian. As it turned out, Richard Kimi is an ethnic ''Chinese''.[[/note]]
** Again on Rich Dad, once you know his identity, Robert's description of what he does also becomes this. Stores, a construction company and restaurants are all legitimate sidelines to a''hotelier''.
''hotelier''.
* GoodFortuneFromGod: This is a twist to this trope: the source of Bob Kiyosaki's wealth is never positively identified.
** 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.
**
** Again on Rich Dad, once you know his identity, Robert's description of what he does also becomes this. Stores, a construction company and restaurants are all legitimate sidelines to a
* GoodFortuneFromGod: This is a twist to this trope: the source of Bob Kiyosaki's wealth is never positively identified.
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* VeryLooselyBasedOnATrueStory: 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 Literature/HarryPotter real?"
** With the passage of time, the trope eventually evolved into RomanAClef. In May 2016, 19 years after the book was published, Robert finally revealed the identities of both "Rich Dad" and "Mike": Richard Wassman Kimi, a Hawaiian hotelier [[note]]Richard's impact on Hawaiian tourism is such that [[https://www.hawaii-aloha.com/blog/2009/02/05/hawaii-must-not-forget-this-man/ this blog]] claimed that "Hawaii must not forget this man".[[/note]] and his son, Alan. Alan explained that his father had requested that Robert keep his identity confidential (to the point of signing a confidentiality agreement). Robert also recalled an anecdote whereby some of Richard's staff (2 managers) actually quit after reading his book, which obviously annoyed Richard.[[note]]Richard died in December 2008, more than a decade after the book was published. On a meta level, modern technology had also made it harder and harder to keep Kimi's identity a secret without undermining Robert's credibility, as some of the tropes listed here can attest to.[[/note]]
* YoungEntrepreneur: Robert and Mike start a comic book rental business after learning the first lesson of the "rich dad". Although they ended up shutting down the business, they've learnt how to make money work for them instead of working for money.
** With the passage of time, the trope eventually evolved into RomanAClef. In May 2016, 19 years after the book was published, Robert finally revealed the identities of both "Rich Dad" and "Mike": Richard Wassman Kimi, a Hawaiian hotelier [[note]]Richard's impact on Hawaiian tourism is such that [[https://www.hawaii-aloha.com/blog/2009/02/05/hawaii-must-not-forget-this-man/ this blog]] claimed that "Hawaii must not forget this man".[[/note]] and his son, Alan. Alan explained that his father had requested that Robert keep his identity confidential (to the point of signing a confidentiality agreement). Robert also recalled an anecdote whereby some of Richard's staff (2 managers) actually quit after reading his book, which obviously annoyed Richard.[[note]]Richard died in December 2008, more than a decade after the book was published. On a meta level, modern technology had also made it harder and harder to keep Kimi's identity a secret without undermining Robert's credibility, as some of the tropes listed here can attest to.[[/note]]
* YoungEntrepreneur: Robert and Mike start a comic book rental business after learning the first lesson of the "rich dad". Although they ended up shutting down the business, they've learnt how to make money work for them instead of working for money.
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* VeryLooselyBasedOnATrueStory: For a long time, 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; book. He has zigzagged zig-zagged between saying that he is a real person, a [[CompositeCharacter composite of several people people]], and "Is Literature/HarryPotter real?"
** With the passage of time, the trope eventually evolved into RomanAClef. In May 2016, 19 years after the book was first published, Robert finally revealed the identities of both "Rich Dad" and "Mike": Richard Wassman Kimi, a Hawaiianhotelier [[note]]Richard's hotelier[[note]]Richard's impact on Hawaiian tourism is such that [[https://www.hawaii-aloha.com/blog/2009/02/05/hawaii-must-not-forget-this-man/ this blog]] claimed that "Hawaii must not forget this man".[[/note]] and his son, Alan. Alan explained that his father had requested that Robert keep his identity confidential (to the point of signing a confidentiality agreement). Robert also recalled an anecdote whereby some of Richard's staff (2 (two managers) actually quit after reading his book, which obviously annoyed Richard.[[note]]Richard died in December 2008, more than a decade after the book was published. On a meta level, modern technology had also made it harder and harder to keep Kimi's identity a secret without undermining Robert's credibility, as some of the tropes listed here can attest to.[[/note]]
[[/note]]
* YoungEntrepreneur: Robert and Mike start a comic book rental business after learning the first lesson of the "rich dad". Although they ended up shutting down the business, they'velearnt learned how to make money work for them instead of working for money.
** With the passage of time, the trope eventually evolved into RomanAClef. In May 2016, 19 years after the book was first published, Robert finally revealed the identities of both "Rich Dad" and "Mike": Richard Wassman Kimi, a Hawaiian
* YoungEntrepreneur: Robert and Mike start a comic book rental business after learning the first lesson of the "rich dad". Although they ended up shutting down the business, they've
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* AnAesop: Robert makes some legitimate comments about getting yourself educated on how to be an investor, and the pressures that come with investing.
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* AnAesop: Robert makes some legitimate comments This personal finance book aims to educate readers about getting yourself educated on how to be an investor, wealth creation and the pressures ways to reach financial independence. The "morals" boil down to:
** The significance of financial literacy (especially because schools don't provide it) and how it can empower individuals to make better financial decisions.
** Distinguishing between assets (investments thatcome generate income) and liabilities (expenses that drain income).
** Your house is a liability, not an asset. The reason is that it doesn't generate income. Instead, it creates ongoing expenses, such as mortgage payments, maintenance costs, and property taxes.
** Accumulating income-generating assets instead of liabilities to build wealth.
** Ditching the "Rat Race" -- the conventional path of working for a company, while devising alternative wealth-building strategies.
** The rich are good at reading numbers (accounting), making money withinvesting.money (investing), understanding markets, and knowing the law (to avoid taxes).
** Taking calculated risks, instead of avoiding risk entirely, can help individuals step out of their comfort zones to seize opprtunities for financial growth.
** Cultivating a "wealthy" mindset and adopting habits of wealthy individuals (e.g., lifelong learning, adapting to change, and seeking financial opportunities).
** The significance of financial literacy (especially because schools don't provide it) and how it can empower individuals to make better financial decisions.
** Distinguishing between assets (investments that
** Your house is a liability, not an asset. The reason is that it doesn't generate income. Instead, it creates ongoing expenses, such as mortgage payments, maintenance costs, and property taxes.
** Accumulating income-generating assets instead of liabilities to build wealth.
** Ditching the "Rat Race" -- the conventional path of working for a company, while devising alternative wealth-building strategies.
** The rich are good at reading numbers (accounting), making money with
** Taking calculated risks, instead of avoiding risk entirely, can help individuals step out of their comfort zones to seize opprtunities for financial growth.
** Cultivating a "wealthy" mindset and adopting habits of wealthy individuals (e.g., lifelong learning, adapting to change, and seeking financial opportunities).
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* BasedOnAGreatBigLie: See VeryLooselyBasedOnATrueStory.
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* YoungEntrepreneur: Robert and Mike start a comic book rental business after learning the first lesson of the "rich dad".
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* YoungEntrepreneur: Robert and Mike start a comic book rental business after learning the first lesson of the "rich dad". Although they ended up shutting down the business, they've learnt how to make money work for them instead of working for money.
