Rating:  Summary: A Must Read! Review: This is a book that everyone should read and it's very easy reading. After reading it, you look at things differently.
Rating:  Summary: A life changing book Review: Rich Dad Poor Dad is truly a life changing book and is continuing to positively change the lives of millions of people all over America and the World.This book is the true story of Kiyosaki's 2 dad's, oe rich one and one poor one. Interesting is that the Poor Dad was actually highly educated and had all the appearances of what people associate wealth with.Rich Dad appeared poor initially but became wealthy by using the Rich Dad philosophy.This book is excellent and deservedly a best seller for all this time.
Rating:  Summary: GREAT CONCEPT TO TEACH YOUR KIDS Review: I wish someone would have told me about this book 10 years ago...it is such a profound concept...I will teach my son the same concept...Great Read..Great Book for understanding wealth.
Rating:  Summary: Greatly under rated book Review: Althought his book is still obviously very popular, I still run into people who underestimate the value of Rich Dad Poor Dad.This book is based on the philosophy of success and that is what makes it so great. The great Jim Rohn says that philosophy is the whole basis of success. Philosophy determines your beliefs, your actions and therefore your outcomes. Unfortunately, too many people look at Rich Dad Poor Dad as some "get rich quick" book. I wish it was a "get rich quick" book. Becuase I would rather "get rich quick" than get rich slow or even worse not create wealth at all. Rich Dad Poor Dad is a great book and a must read for everyone who wants success.
Rating:  Summary: Great eye opener to the reality of the rat race Review: I am the poster child of Kiyosaki's rat race "failure." I got my Computer Science degree, and worked as a computer programmer for 10 years with a great salary. Despite my above average salary, it seemed that I was not really "getting rich" and barely saving anything. Then came the "offshore outsourcing" trend of corporate America (sending off service jobs to cheap labor countries as China and India). This trend hit me, and thousands of other Americans like an 18 wheeler. It has been well over a year since I was laid off, and my Computer Science degree can't help me find a job! If "offshore outsourcing" has not hit your profession yet, I advise you to examine whether it will. It will affect "stable" jobs such as accounting, since much of that work can be done overseas and sent back over the Internet. This book will show you how most people view their education/career path, which often means entering the "rat race" for life. Kiyosaki contrasts that with a less common view, that of an entrepeneur. Had I been more aware of how I was putting myself at the complete mercy of an employer, and had I realized the reality of how weak my job stability was, I would have long ago started planning for my own business. Kiyosaki has a very powerful message to tell us. I found this book very helpful in showing me how deep into the rat race I was. Another powerful message in this book is how the tax laws in America favor the rich. The middle class of America is under constant attack by taxation, yet the upper class jump through loop holes. If you need more concrete information, do a Google search on "stealth tax" to learn more about the unfairness of our tax system. This book was very easy to read, and it may change your view of your life. I highly recommend this book.
Rating:  Summary: Very sound flexible advice in this book Review: First, I wanted to write this review because I am continually surprised by how many people claim Kiysaki says X is no good and everyone should run out and buy real estate and start business's etc. He gives very sound advice in this book and is meant more to build financial literacy about how to build a solid future by first building up income generating assets and then buying liabilities later when they can be supported by assets. He does not say it is bad to work a job, but simply that you are better off not relying on a job as your only income over long term. He very clearly states that Bonds, mutual funds and "anything else that has value, produces income or appreciates and has a ready market" is an asset that you should work to aquire. Yet, I have seen people argue how wrong he is to suggest people not buy mutual funds or bonds. He also tells people to not start their own business unless they are really serious about it because their odds of failure are so high etc. This is NOT a get rich quick guide or a my way is the only way type of book. For me it was an eye openner that changed the way I view my money, and how I spend vs. invest for the future. This book is not set on any one way of doing anything and that is why it is lean on specific advice. My only real criticism is that at times he seems to drag a point out in order to keep you hooked to buy his other books.
Rating:  Summary: over-rated Review: this book is way over-rated. most words in the book are fillers that most people would be aware of. there's one interesting lesson i've learnt from this book tho: A book without any substance, like this one, made quite a fortune for its author. how did this happen?
Rating:  Summary: Wealth is asset earned income! Review: Rich Dad Son's, CD explains how to teach pre-teens, mental processes necessary to solve financial problems. You will learn how basic misunderstanding of what is an asset; can lead people down very different roads. We are talking about assets that earn income for you, instead of you working for assets that are really liabilities. You will earn how to communicate in terms used by the wealthy. A misunderstanding of what an asset is, is how many financial institutions make a living off clients. The difference between what the rich teach their kids about wealth, really boils down to the difference between how they define simple words like assets, wealth, and how they fund luxuries. Simplistically have pre-teens look at buying things as it relates to cash flow. It is very easy. Take a piece of paper. Draw a line down the middle. List income-producing assets on one side, liabilities on the other. An asset either earns income (i.e. increases in liquidation value) or it is a liability and does not. "Assets put cash in your pocket, liabilities take cash out of your pocket." No one can dispute that the rich buy "income-producing assets," the problem is the poor buy liabilities that they think are assets, which clearly do not earn anything, and may have no market value. Wealth is measured as the number of days the income from your assets will sustain you. Financially Independence is when your monthly income from assets exceeds your monthly expenses. Rich Dads Son, teaches you how the rich can buy Luxury sports cars at 50% less than what the non-rich pay. 1. Save 25% by not being the first to drive it off the lot. 2. Save 30% by using after tax dollars 3. Save 100% on interest charges 4. Pay ancillary expenses with after tax income 5. The rich do not work for luxuries. The rich earn the funds first, and then buy. The poor buy first, then work for money. In summery students learn to measure wealth in asset earned income. They learn to look for opportunities to add to there income earning assets. They learn if they want luxuries, they should earn the funds first. -ooO-(GoldTrader)-Ooo-
Rating:  Summary: Rich Dad Poor Dad Review: Rich Dad Poor Dad contains some practical ideas about building wealth. There certainly is a need for the principles of money management to be taught at home beginning at an early age. Some of the author's criticism of our educational system might be overcome if everyone took at least one college-level business course as part of their educational program. In addition, I do not know one member of the business faculty where I work who teaches students that guaranteed job security is an end result of education. Since this book was written before the stock market "correction", I am curious to know how the author fared with a lack of diversification in his stock portfolio.
Rating:  Summary: Sure if you want to raise a future Enron or Worldcom exec... Review: First off there is one decent piece of advice in this book, a bigger house is not a bigger investment, it's a bigger liability. Aside from that... Kiyosaki's main point seem to be that of Gordon Gecko, "Greed is good." The rich dad must have been the Mr. Potter of his hometown. He starts by telling the boys "work for yourself, be your own boss" good advice, right? However he goes on to recommend hiring people on the basis of who will fear losing their jobs most. Of a longtime employee he says, "Mrs. Martin is like a mother to me." Then shows how he pays her just enough to keep her working in his store. Rich Dad brags about how he keeps his employees waiting for meetings outside his office, they'll wait as long as he wants because they fear losing their jobs. My favorite chapter is when Rich Dad tells the boys that society needs "teachers, doctors, mechanics... [and] police officers, firemen and soldiers." However he makes it quite clear that neither of them should pursue any of those paths. Those jobs are for other people's kids. The boys' first enterprise involves comic books. After promising the comics distributor they won't re-sell comics they get from him for free, they *rent* them, a-ha a loophole! Rich Dad also tells the kids that bill collectors are "bullies." Don't pay your debts until you're darn good and ready. Besides the questionable ethics related in this book, there is really only enough material here for a long article in Money magazine. The filler is long, meandering anecdotes and re-stating the same information, for example he uses the "doctors and policemen" paragraph at least twice as well as repeating the chestnut "if you want a lession in confusion look up the words 'asset' and 'liability' in the dictionary" over and... The kicker is Kiyosaki claims his whole motive is to educate the poor and middle class. He fears a "class struggle" as the rich get more and the poor get less. His advice only serves to drive the divisions wider.
|