Summary of Rich Dad Smart Kid
All Kids Are Born Rich and Smart
Discover how to uncover your child’s genius. Page 18.
Give Your Children Power... Before You Give Them Money
Teach your children the important distinction between having money and knowing what to do with it. Page 40.
Will Your Child Become Obsolete — or Retire — by Thirty?
Proof that success in school doesn’t equate to success in life. Know the difference. Page 85.
My Banker Has Never Asked Me for My Report Card
“My banker is not interested in how smart I was academically. My banker wants to know how smart I am financially.” Page 119.
Kids Learn by Playing
In many households, children learn that money is scarce. Choose to relate money to fun and excitement, learn how. Page 133.
Why Savers Are Losers
It’s not how much you make — but how much you keep — that determines a person’s wealth. Page 147.
The Difference Between Good Debt and Bad Debt
Rich dad often said that it was important to know the difference between good debt and bad debt because debt has the power to make you either rich or poor. Know the difference. Page 160.
Learning with Real Money
Just like falling off a bicycle, learning from our mistakes is how we grow. Uncover the secret to learning about money that the rich pass on to their children. Page 170.
Other Ways to Increase Your Child’s Financial IQ
Make sure your child knows the difference between an asset and a liability, and your child will be given a very big head start in life. Page 192.