Last updated on 2025/05/06
Pages 11-15
Check Rich Dad Poor Dad Chapter 1 Summary
The lack of money is the root of all evil.
How can I afford it?
Money is power.
Broke is temporary, and poor is eternal.
I don't work for money! Money works for me!
Our thoughts shape our life.
The reason positive thinking alone does not work is because most people went to school and never learned how money works.
It is not much different from a person who goes to the gym to exercise on a regular basis versus someone who sits on the couch watching television.
The power of our thoughts may never be measured or appreciated.
Once I made up my mind whom to listen to, my education about money began.
Pages 16-36
Check Rich Dad Poor Dad Chapter 2 Summary
The most important thing is that you did something. Most people only talk and dream of getting rich. You've done something.
You're only poor if you give up.
If you want to learn to work for money, then stay in school. That is a great place to learn to do that. But if you want to learn how to have money work for you, then I will teach you that.
Learning how to have money work for you is a lifetime study.
The poor and the middle class work for money. The rich have money work for them.
I want you to always remember this talk. I want you to always think of Mrs. Martin.
To spend your life living in fear, never exploring your dreams, is cruel.
Money is in control of their emotions and hence their souls.
You see, we're all employees ultimately. We just work at different levels.
You have to learn to think, not just react.
Pages 37-49
Check Rich Dad Poor Dad Chapter 3 Summary
"If you want to be rich, you need to be financially literate."
"It's not how much money you make, it's how much money you keep."
"Intelligence solves problems and produces money. Money without financial intelligence is money soon gone."
"The primary cause of financial struggle is simply not knowing the difference between an asset and a liability."
"If you want to be rich, simply spend your life buying assets."
"A fool and his money is one big party."
"Most people fail to realize that in life, it's not how much money you make, it's how much money you keep."
"When it comes to houses, I point out that most people work all their lives paying for a home they never own."
"The rich acquire assets, and the poor and middle class acquire liabilities, but they think they are assets."
"If you find you have dug yourself into a hole... stop digging."
Pages 50-54
Check Rich Dad Poor Dad Chapter 4 Summary
"What business am I in?" Ray asked, once the group had all their beers in hand.
"Ladies and gentlemen, I'm not in the hamburger business. My business is real estate."
"The secret is: 'Mind your own business.'"
"Financial struggle is often directly the result of people working all their life for someone else."
"Your business revolves around your asset column, as opposed to your income column."
"The rich focus on their asset columns while everyone else focuses on their income statements."
"Start minding your own business. Keep your daytime job, but start buying real assets, not liabilities or personal effects that have no real value once you get them home."
"A true luxury is a reward for investing in and developing a real asset."
"Once a dollar goes into your asset column, it becomes your employee."
"The reward at the end of the road for diligently taking the time to mind your own business."
Pages 55-61
Check Rich Dad Poor Dad Chapter 5 Summary
"The idea of taxes was made popular, and accepted by the majority, by telling the poor and the middle class that taxes were created only to punish the rich."
"The rich do not play by the same set of rules."
"If you work for money, you give the power up to your employer. If your money works for you, you keep and control the power."
"Knowledge is power. And with money comes great power that requires the right knowledge to keep it and make it multiply."
"The biggest bully was not the boss or the supervisor, but the tax man. The tax man will always take more if you let him."
"Why not own the ladder?"
"The problem is, the people who lose are the uninformed."
"The government’s appetite for money was so great that taxes soon needed to be levied on the middle class, and from there it kept ‘trickling down.’"
"Be smart and you won't be pushed around as much."
"If you know you’re right, you’re not afraid of fighting back."
Pages 62-65
Check Rich Dad Poor Dad Chapter 6 Summary
Once we leave school, most of us know that it is not as much a matter of college degrees or good grades that count.
Often in the real world, it's not the smart that get ahead but the bold.
If fear is too strong, the genius is suppressed.
I’d rather be welcoming change than dreading change.
This period we are in now is a most exciting time, unprecedented in our world's history.
If you do [develop your financial IQ], you will prosper greatly.
Old ideas are their biggest liability.
The game is feeding back a personalized lecture, custom made just for you.
Just like a board game, the world is always providing us with instant feedback.
Rich people are often creative and take calculated risks.
Pages 66-74
Check Rich Dad Poor Dad Chapter 7 Summary
"Education is more valuable than money, in the long run."
"You want to know a little about a lot."
"Great talent is not enough."
"Most people need only to learn and master one more skill and their income would jump exponentially."
"Look down the road at what skills you want to acquire before choosing a specific profession."
"Unfortunately, there is some truth to the old statement: 'You can't teach an old dog new tricks.'"
"Life is much like going to the gym. The most painful part is deciding to go."
"Being technically specialized has its strengths as well as its weaknesses."
"The better you are at communicating, negotiating and handling your fear of rejection, the easier life is."
"The more they gave, the more they received."
Pages 75-85
Check Rich Dad Poor Dad Chapter 8 Summary
"The primary difference between a rich person and a poor person is how they handle that fear."
"It's OK to be fearful. It's OK to be a coward when it comes to money. You can still be rich."
"What I like best is the Texas attitude. They're proud when they win, and they brag when they lose."
"People are so afraid of losing that they lose."
"The greatest secret of winners is that failure inspires winning; thus, they're not afraid of losing."
"Cynics never win."
"Unchecked doubt and fear creates a cynic. Cynics criticize, and winners analyze."
"How can I afford it?" opens up the brain. Forced it to think and search for answers.
"Failure inspires winners. And failure defeats losers."
"To make progress, you must first go unbalanced."
Pages 86-99
Check Rich Dad Poor Dad Chapter 9 Summary
"To find million-dollar 'deals of a lifetime' requires us to call on our financial genius."
"I believe that each of us has a financial genius within us. The problem is, our financial genius lies asleep, waiting to be called upon."
"If you do not have a strong reason, there is no sense reading further. It will sound like too much work."
"The power of choice. That is the main reason people want to live in a free country. We want the power to choose."
"Financially, with every dollar we get in our hands, we hold the power to choose our future to be rich, poor or middle class."
"You become what you study."
"It is the lack of self-discipline that causes most lottery winners to go broke soon after winning millions."
"The world will push you around not because other people are bullies, but because the individual lacks internal control and discipline."
"You may not be weak, but when it comes to money, many people get wimpy."
"Whenever you feel 'short' or in 'need' of something, give what you want first and it will come back in buckets."
Pages 100-106
Check Rich Dad Poor Dad Chapter 10 Summary
"Stop doing what you're doing. In other words, take a break and assess what is working and what is not working."
"The definition of insanity is doing the same thing and expecting a different result."
"Most people do not take action, or they let someone talk them out of whatever new formula they are studying."
"You must go to the market and talk to a lot of people, make a lot of offers, counteroffers, negotiate, reject and accept."
"For there to be profit in a deal, there must be two elements: a bargain and change."
"The moral of the story: Make offers. People who are not investors have no idea what it feels like to be trying to sell something."
"Action always beats inaction."
"It's what is in your head that determines what is in your hands."
"Money is only an idea. If you want more money simply change your thinking."
"Every day with every dollar, you decide to be rich, poor or middle class."