Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! this question feed

asked by redsink on November 23, 2006 11:05 PM
Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. --Howard Rothman


Reviews

Thumb_up
Thumb_down

0%
0%
I have read this book as well as 3 of his other books within his "Rich Dad Poor Dad" series. I feel that this is a great motivational book. I found his insight regarding quadrants interesting and the psychology of individuals who fall into each category.

Overall - I find that Kiyosaki in ALL of the books that I have read, lacks real world "how to" information, and is basically a hypester. I found this book enjoyable, however, don't look to this book for specific life altering information aside from basic adivce that most would believe leads to wealth such as: open and run successful businesses, accumulate appreciating paper assets (stocks,bonds,mutual funds...), and real estate investments. Please don't expect to find coaching in this book regarding how run a successful business, or how to purchase and manage real estate investments or how to select paper investments.

If you read this book you have read his entire series as I have yet to find a more redundant author. I do overall recommend reading this book as I give it a rating of 4. If you have had no financial guideance in your life and would like to begin somewhere, I feel that this book will get you motivated to improve your future.
reviewed by iconfess on November 24, 2006 8:12 PM

Thumb_up
Thumb_down

0%
0%
I found this book to be insightful in many ways. Although Robert talks mainly on Real Estate this book has helped me to open my eyes and look outside the box. I read this book 3 yrs ago, I make it priority to read it once a year. Since the the day I first opened the book I have started three companies, one of which I closed. But what I learn t from Robert is that it is alright to fail as long as you learn from it. I recommend every person who is struggling with self confidence to read this book.
reviewed by guitarplayer on November 27, 2006 12:29 PM

search

 
 

browse

book tags