Rating:  Summary: Helpful, but Flawed Review: "Rich Dad, Poor Dad" contains some valuable insights into wealth management, but nothing revolutionary enough to mitigate Kiyosaki's simplistic writing style, long-windedness and tiresome cliches.
This book focuses on three kernels of wisdom: don't live beyond your means, don't spend frivolously, and learn the difference between income-generating assets and income-draining liabilities. These notions are common sense to most of us, and they're certainly not going to make anyone rich overnight. They're useful lessons if you're suffering from bad spending habits and need to turn your finances around. Otherwise, they're nothing your typical reader hasn't heard before.
The repeated allegory about Kiyosaki's Rich Dad and Poor Dad grows tiresome quickly, and serves as little more than a sales gimmick. Once again -- this is a useful technique if you need such a story to make sense of Kiyosaki's lessons. If you read at anything greater than a third-grade level, however, you will find the Rich Dad / Poor Dad stories insulting to your intelligence.
While most of the book is mildly useful, Kiyosaki touches upon one potentially dangerous suggestion: that people should invest in real estate as a means of attaining financial freedom. Real estate is a risky game, and I imagine that many of Kiyosaki's target readers lack the means to invest in it in the first place. REITs are a much safer bet than apartment buildings, and fortunately, Kiyosaki pays lip service to them.
Ironically enough, this book is probably more useful for kids already born rich -- who need to learn how to manage their wealth sensibly. But it's probably not going to make millionaires out of people not born into millions.
Rating:  Summary: FINE! BUT ARE THE RICH ALSO TEACHING THEIR KIDS THAT . . . . Review: . . .The start of a 13 year depression, MUCH GREATER than the 1930s "Great Depression", is now just a few years away? The contents of this book are all good and fine, but won't do much for the average person when this one hits. The book asks "does school prepare children for the real world?". The answer has always been NO. School or college didn't prepare anyone for the depression of the 1930s. Want incontovertible proof that this whopping life-changing depression is really coming? Go read Dan Arnold's The Great Bust Ahead (www.thegreatbustahead.com). VERY scary, but at least you'll have been warned.
Rating:  Summary: Happy Fathers Day Rich Dad! Review: A almost belated but still deserved Happy Fathers Day to Rich Dad and to Mr. Kiyosaki for popularlizing these technques. Thank You Rich Dad! Thank you Mr. Kiyosaki!
Rating:  Summary: Powerful, life changing program Review: A few months ago, I was working in sales for a B>B Business Group. I followed Mr. Kiyosaki's advice and started investing my money in passive income. I bought some equities, a rental or two and started a home based business.While my colleagues spent their checks and worked for ThankGodItsFriday and cheer for Wednesdays because it was "hump day" and yell hooray for the weekend, and then made wise cracks about my goals. I invested, left that company over 6 weeks ago and am now full time in my own business. Meanwhile, my colleagues were recently served notice that their company (my former company) is laying off 150 people! Thank God for Robert Kiyosaki.
Rating:  Summary: Rich Dad and Kiyosaki are right again! Review: According to Kiyosaki, his Rich Dad told him and Kiyosaki told us that we are heading towards a jobless society.Take a look at the unemployment stats that came out last week. Unemployment is down as more and more people are moving away from the job market and entering into self employment by way of home based businesses, network marketing, real estate and other forms of business.Rich Dad knows his stuff and so does Kiyosaki. RTK sure had the right mentor. I suspect that all of those people are causin the unemployment numbers to drop have read Rich Dad Poor Dad.I also recommend Peter Lynch's excellent books (so does Kiyosaki, he recommends them in his book).If you want success, then read books written b successful people i.e. Kiyosaki, Lynch Robert Allen, Charles Givens, Ric Edelman, Dave Bach and some others who are helpng people and sharing their wealth of knowledge.Be wary of self published books written by people with no prior business experience who only write and in some cases, plagerize other authors.
Rating:  Summary: This book has changed my life ! Review: First, I want to give my comments for `Rich Dad, Poor Dad' by Robert T Kiyosaki. I want to thank him for such a great book and has opened my mind to a whole new angle about financial freedom.
According to Robert T. Kiyosaki's book "Rich Dad Poor Dad", he mentions about the Cash Flow Quadrant. The Cash Flow Quadrants are Employee Quadrant, Self-Employee Quadrant, Business Owner Quadrant and Investor Quadrant.
Most parents think that their kids need to go to college after finishing high school to achieve higher education in hoping to get a good job in a real life. This perception is not wrong but it's just not perfectly guarantee that their kids will be rich or success after getting a good job. As long as you still working for a company, you still can not be richer than the owner of the company.
I also have a bad experience before. I worked for couple years in a start up company until I got laid off because the company was not doing very well. At that time, I thought that working with people can not guarantee me for life. Then, Robert Kiyosaki's book changed my mind.
The book makes me realize that I had to move on and move to business quadrant or even investor quadrant. I want money works for me not me works for money. Again, I am not selling Mr. Kiyosaki's book here. I am just applying what he wrote in his book in my real life and I am starting to get the result now. And I am happy with it.
Now, you might asked me then how to make money works for us not vice versa. Well, one ways is that by creating a passive income. Passive income can be sustained by many ways, like Mr. Kiyosaki, he created passive income by dealing in the real estate business. He even joined Amway and he was focusing in this business for 5 years until know he must earned a lot of money from his passive income.
In conclusion, what I want to say is that again you have to open your mind not working with people for the rest of your life. You might need to work with a company for couple years to get enough investment for you to move to business owner quadrant or event moving to the highest level of the quadrant which is an investor quadrant.
The book is highly recommended.
Rating:  Summary: really gets you thinking Review: I am 16 and this is the first book I've read by Kiyosaki. I've always had an interest in money, but this book really got me thinking about how to go about my goal of becoming wealthy. In a sense, it has opened up my eyes because now I know getting a safe job and working hard isn't enough. The things I've learned most from this book are to continue learning and that there is a difference between your job and your business. Although I was skeptical of Kiyosaki and his ideas the first 30 to 40 pages in, it ended up being very beneficial to me. I am currently reading his book, Rich Dad Poor Dad for Teens and plan to continue reading his books. I strongly recommend Rich Dad Poor Dad for anyone interested in making money and that is willing to learn.
Rating:  Summary: Still a best seller for a reason---it works! Review: I first heard of this book when J.P. Morgan on the cover of the Wall Street Journal referred to Rich Dad Poor Dad as a "must read for millionaires." Most people know by now that this is the true story of Kiyosaki's two fathers, one, his real dad had a high income but was poor. The other, his friends dad, but Kiyosaki's mentor and Rich Dad. Kiyosaki learned that income alone does not create wealth as he learned from his "Poor Dad." Seeking financial freedom, Kiyosaki learned from his "Rich Dad" the keys to wealth. Kiyosaki went on to amass a fortune and lost it. But remembering the lesson taught from his "Rich Dad", started over and amassed yet another fortune and retired at age 47. The book will tell you some things you don't want to hear like a house is not an asset, 401 (k)s and so called "safe" investments are not quite so safe. That there is no such thing as job security and the world is full of "bullies" who will tell you how much money you can make, when and how many vacations you can take, lunch breaks etc. Kiyosaki's "Poor Dad" was fired at age 50 and learning from this, Kiyosaki tells us that the only real security and freedom is in being your own boss. Kiyosaki goes on to say that both of his dads were "honest, good, honorable men" but his poor dad, although a hard worker was weak and consequently ended up broke. Interesting is that Kiyosaki pledges his first book, "If you want to Be Rich and Happy, Don't Go To School?" to his poor dad.Goes to show that Kiyosaki has class and truely loved his Poor but real dad. Rich Dad Poor Dad is an excellent book. The main message is to take responsibility for your life. You are either a master of money or a slave to it. In addition to Rich Dad Poor Dad, I also recommend "Cash Flow Quadrant", "Rich Dad's Success Stories", "The Millionaire Next Door" and "More Wealth Without Risk."
Rating:  Summary: Alison G Review: I thought that this was a very interesting book but because it was not the normal type of book i read it was somewhat slow and not that entertaining for me. Besides that the information givin in this book was entresting as well as useful in everyones own life which i though were very intersting.
Rating:  Summary: Paradigm for Shift For Us Money Morons Review: Millions of us are money morons. We make good money and spend it as quickly as we get it. What Robert Kiyosaki has done has written an easy to read, easy to visualize book for those of us who are struggling. If you have already got a good handle on your money, this book probably won't be that valuable. But it's written for the rest of us who need to shift our thinking from one of buying liabilities to one of buying assets. There are some powerful concepts for the average person in this book that can assist us in shifting out of self-defeating money management mindsets. True, he makes it sound ridiculously easy (and perhaps for him, it has been). For me, he makes it seem possible, and if that's what it takes to inspire me to get a grasp on my finances and to begin to accumulate wealth-building assets, then it was the best [money] I ever spent. What this is NOT is a "get rich quick" book. He makes it very clear that he spent years gaining a financial education (and continues to learn). His message to me is that if I want to build wealth, I have to stop the old thinking, get some education, talk to experts, gather some courage, and start. And I will.
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