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Summary: It Takes Money To Make Money?
Review: Not always. Though it helps. This book will probably be required reading in college, if it's not already. Oh, and for emotional wealth, I'd like to recommend the book, The Little Guide To Happiness.
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Summary: I love the Cashflow game
Review: CAshflow and Rich Dad Poor Dad took me from paycheck to paycheck and helped me escape the rat race. If you don't get it, release your poor dad college mentality, read the RD books and keep trying.More than a game, Cash Flow is a way of life.
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Summary: Good book
Review: Rich Dad Poor Dad is a story about how someone had 2 dads. One dad was his real dad, and one dad was his mentor dad. His real dad was his "poor dad" who told him go to school get a job and work hard to make ends meet. On the other hand his rich dad told him to go to school-but don't look for a job-rather open your own business. He also told him to make money work for you and don't buy thing son credit cards, rather save and them spend. This book is one of the most reviewed books in the financial prosperity/self-improvement industry. Why? Because it's message can be easily misunderstood. Making it very controversial indeed. Here is my take. What I think Robert Kiyosaki is trying to do is to tell America that you have to learn how to make money, use money, spend money and make money work for you in such a way that you will ultimately become rich. You have to eliminate bad debt (credit cards) and utilize the power of leverage with good debt. (real estate investments) Now for the controversial side, Yes, I agree that Robert is trying to make money off his ideas. And that's fine-up too a certain point. Charging a few hundred dollars for a board game about cash flow is definitely quite excessive, however if the game teaches you how to handle money properly-that lesson alone is wroth thousands. But even so I think it is wrong to charge so much. However because we live in free trade society, and I'll let the market determine the fair price. Remember what Warren Buffett once said - "Price is what you pay, value is what you get" Zev Saftlas, Author of Motivation That Works: How to Get Motivated and Stay Motivated
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Summary: Attaining wealth for the dummy
Review: It is a good book to illustrate the concept of attaining wealth. It is a great introduction to how we should view our finanical position. I think the book can be summarized into one sentence, "Get passive income and get out of the rat race." It would be a better book if the writing were more succinct.
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Summary: Rich Dad Poor Dad is unbelievable!
Review: I cannot believe the powerful benefits of following the Rich Dad Philosophy. Before reading RDPD, I too was a member of the rat race and feeling like a rat. I really believed that my house was an asset and felt lucky to be working and was grateful for my college education. When my company became a victim of a hostile takeover and m assive downsizing insued, I became aware of what Rich Dad taught Robert Kiyosaki so many years ago. Although I had heard about this book before, I dismissed it as "get rich quick" quackery appropiate for the naive. I had been to college. To smart for this junk, or so I thought. Then I was downsized and hit the streets with my resume. While waiting for employers to call me, I took the time to read Rich Dad Poor Dad. I hated it at first and even though it was so small, it took me an inordinate amount of time to read the book. After being turned down time after time after time for jobs, I decided to pour into RDPD after seeing Mr. Kiyosaki on tv. To wit, I also went out and bought Cashflow Quadrant and Rich Dad Success Stories. Out of curiosity, I called a few real estate ads for homes for sale in my area and found plenty of "don't wanters." I also found several business opportunities including network marketing. I jumped on an opportunity to take over a business on lease purchase deal with nothing down. I also became a landlord buying a home with nothing down. I am still considering that network marketing opportunity. Best of all, one of the companies that I applied for a job with called me offering me a position with their company and I happily told them that I didn't need their job and I had found the perfect boss. When they asked me who I was working for I said "Myself!" and went on to tell them that I would never work for a employer again. I am happier and more content than I have been in years. To fully appreciate the value of Rich Dad's advice, pick up a copy of Rich Dad Poor Dad and Rich Dad's Success Stories. I also recommend Kiyosaki's Rich Dad Poor Dad website. Kiyosaki changed my life. Previously I was discouraged and frustrated hopelessly depending on a company to take care of me. Now I realize that nobody will take care of me better than I will. Rich Dad Poor Dad started it all for me. Thank you Rich Dad! Thank you Mr. Kiyosaki!
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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.
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Summary: State of Disbelief
Review: I still can't comprehend how anyone thinks that Kiyosaki's garbage is going to lead them to the holy grail of financial freedom. He has made most, if not all, of his fortune peddling his mindless garbage to idiots worldwide who are all too eager to lap it up. I'm guessing these are the same high school dropouts with horrendous credit and no assets who have enriched late night infomercial kings errrr....financial powerhouses like Carleton Sheets, Don Lupre, and Russ Whitney. Do a little research and you'll quickly find that there is absolutely no documentary evidence to support the investment activities Kiyosaki claims to have excelled in. Many of these activities, by the way, are required by law to be disclosed in public records. Some of the sane 1 star reviewers like myself have wisely suggested that if you are truly interested in reading Kiyosaki's worthless ramblings, check out his nonsense from the library rather than buying it. Saving money by not purchasing his snake oil is far better financial advice than you'll find in any of Kiyosaki's books. Oh yeah, that qwack C.P.A. who aligned herself with him (clearly just a parasite on his gravy train) should have her license revoked.
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Summary: The inside story is sometimes the real explanation
Review: The key to the success of Rich Dad Poor Dad is that it presents the process of achieving financial success in an easy to follow system that can be broken down into even easier to follow components. In other words, instead of presenting a system that is complex and requires an advanced degree or high level of experience to master, Rich Dad Poor Dad presents a real proven system that has been used by the author to attain his financial success. One thing that I have noticed over and over when reading books on financial success, is that very often the simple plans of action are what really work.
Take a look at the Millionaire Mind or the Millionaire Brain, they both showcase the actions and thoughts of actual millionaires who have clearly achieved their financial goals.
The Millionaire Mind demonstrates how millionaires for the most part have simple fundamental principles that they stick to while the Millionaire Brain explains how those millionaires put their plans into action and how we can emulate their actions and achieve our own level of success.
It is clear from reading Rich Dad Poor Dad that the author is adhering to a simple, yet effective, methodology which we can all implement in our daily lives to achieve the level of success we are looking for.
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Summary: The greatest collection of BS I've read for a while.
Review: Many of the points of this book are based on false information. It is astounding that even his CPA associate missed some of the mistakes in here. This book tells you how great investing is and hardly any non-obvious information on the subject. Just pages of cheerleading, like all his books. He won't reveal how much his personal success is because he says people are always out there to sue rich people out of their money. However, he's writing books claiming how successful he is. This is a real good collection of information on the author: ... He does, however, have a good ideas on keeping an optimistic attitude. If you want to read about money, read Peter Lynch or one of the other proven greats. I wouldn't want a guy who can tell a good story on how to get rich actually teach me. Oh, one other interesting thing is that "Rich Dad" never really existed.
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Summary: One of the best books I've read in a long time...
Review: I bought the ebook version of Rich Dad Poor Dad to put in my Pocket PC... I'm a medical intern and we are required to go to these very boring lectures for 1-2 hours each day. So I bought the book thinking that since I have to go to these lectures at least I can read something semi-interesting during these o/w sleep-inducing sessions. This book is AWESOME. So much so that I now actually look forward to going to the lectures just so I can read Rich Dad Poor Dad! I feel like the author is talking to me... his views on life & money are thoughts that I've had all me life... but ones that most of society frown upon (or are actually afraid of). I'm training to be a radiologist -- a profession that typically pays anywhere from 300K - 1 mill annually -- but I've never felt entirely content with that... this book is opening my eyes and my mind as to why -- b/c I don't want to be part of the "Rat Race" that most others are. If you're the type that, regardless of what your salary may be, are not satisfied with the daily grind of a 9-5, Monday-Friday, dinner & movies on weekends, and 3 weeks vacation-a-year life, then this book is for you. Thanks Mr. Kiyosaki!
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