Introduction Rich Dad, Poor Dad is a book that educates readers about financial literacy. Robert Kiyosaki, the author, has two fathers: one rich and one poor, even if the rich father is not his, but is the father of a friend of his. Both dads have different views on earning money, and Robert had the choice to counter both views while growing up. His wealthy father's opinions were more powerful and helpful to Robert. The author takes the reader through six key lessons his rich father taught him about how to let money work for you, instead of working for money. Lessons Lesson 1 – Rich people don't work for money “The poor and middle class work for money. The rich have money working for them.”The first lesson focuses on the two reasons behind poverty and unhappiness in the middle and lower class.1. Fear• of running out of money• people react emotionally instead of using their brains and thinking about their fears2. Desire • to have materialistic riches • guides people and makes decisions for them • once obtained, people fear losing the riches These two are the reasons why middle and lower class people get stuck in the “Rat Race”, which is the continuous cycle of earning money and spending it on expenses. You should ignore these emotions of fear and desire, which control you and your thoughts. Lesson 2 – Why teach financial literacy? “To understand financial literacy, you need to know the difference between an asset and a liability.” The second lesson focuses on the importance of financial literacy. There is one rule to follow to understand financial literacy: “Know the difference between an asset and a liability and buy more assets.” To do this, you need to be able to understand and understand numbers rather than just...... half of a sheet of paper...... work to earn, you should be able to handle the following through your skills management :1. Cash flow2. Systems3. EmployeesBeginningsOvercoming ObstaclesThis chapter shows readers five reasons why financially literate people may still have difficulty increasing their resources.1. Fear – of losing money2. Cynicism – overcoming pessimism3. Laziness – staying “busy”4. Habits – paying others first5. Arrogance – ego + ignoranceGetting StartedThis chapter teaches ten steps to empower and have control over yourself:1. Have a reason bigger than reality.2. Choose daily.3. Choose friends carefully.4. Master one formula and then learn a new one.5. Pay yourself first.6. Pay your brokers well.7. Be an “Indian giver”.8. Goods buy luxury goods.9. The need for heroes.10. Teach and you will receive. Works Cited Rich Dad, Poor Dad by Robert Kiyosaki