(CHAPTER1) RICH DAD POOR DAD EXPLAINED

 Rich Dad Poor Dad is a personal finance book written by Robert T. Kiyosaki. The book is structured as a series of lessons and anecdotes based on the author's experiences and the influence of two father (referred to as "Poor Dad") and the father of his best friend (referred to as "Rich Dad").

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Chapter 1 sets the stages for the rest of the book by introducing the two influential figures and their differing approaches to money, wealth, and life.

1.Poor Dad: The author's biological father, who was well-educated and held a stable job as a high-ranking government official. Despite his financial stability, Poor Dad struggled financially and lived paycheck to paycheck. He believed in the traditional path of getting a good education, finding a secure job with benefits, and climbing the corporate ladder as the key to financial success and security.

2.Rich Dad: The father of the author's best friend, who was not as formally educated but was extremely successful in his business ventures and investments. Rich Dad didn't follow the conventional path of education and employment. Instead, he focused on financial education, entrepreneurship, and investing as the means to achieve financial freedom and wealth.

Through the eyes of the author, the reader is presented with the conflicting financial philosophies of these two father figures. Poor Dad represents the the conventional, risk-averse mindset that prioritizes job security and a steady income. in contrast, Rich Dad represents a more entrepreneurial, risk-taking mindset that aims to generate passive income and build wealth over time.

The chapter lays the foundation for the book's central theme: the importance of financial education and the need to challenge traditional beliefs about money. The author argues that the education system and society often fail to teach individuals about financial literacy and how to build wealth effectively. He encourages readers to think critically about money, investing, and financial decision-making to achieve greater financial independence and prosperity.

THIS IS THE EXPALINATION OF CHAPTER 1 OF RICH DAD POOR DAD THERE WILL ALSO BE EXPALINATION OF ALL CHAPTERS IN COMING BLOGS 

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