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Rich Dad, Poor Dad Abridged

Rich Dad, Poor Dad Abridged

List Price: $24.98
Your Price: $16.49
Product Info Reviews

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Rating: 5 stars
Summary: Outstanding book!
Review: Rich Dad Poor Dad was the best book of the last century and still the best book of this century. I think the reason for the 1 star reviews is because it teaches you things you don't want to hear.

Sometimes change is difficult, but necessary. I highly recommend Rich Dad Poor to help you reach your dreams.

Rating: 4 stars
Summary: Something to think about
Review: This is a book that makes you think about how you have wasted your money on simple things like having credit cards and things that only put you in debt. Advice that your parents have told you over and over again may not be the best advice to give. Having good grades and continuing school may help you but if you don't have the financial skills to manage your money then you will be working for the money instead of making the money work for you. I enjoyed this book because it makes you think in your future and what advice to give to my daughter when she grows up.

Rating: 5 stars
Summary: My favorite financial book, by far
Review: Most of the other books out there spew out the same information, have a lot of writing and still say absolutely nothing. Rich Dad Poor Dad is different and does offer a fresh approach and one that actually works.

Another thing I like is the multiple learning systems available via audio or book or both. I enjoyed the book and the audio program as well.

Good stuff. Highly recommended. On the other hand, you can always buy one of those other books and go nowhere.

Rating: 5 stars
Summary: A worthwhile read
Review: Actually, I wasn't too thrilled by this book at first and actually hated it. Seemed too flowery. Like make believe. Then I was introduced to a businessman in my community who amassed a net worth in excess of a million dollars in real estate and business in less than 2 years and he credited the technques and ideas taught by Kiyosaki for his wealth.

I went to work and in my first month made more money than my college professors make in a year.

What can I say---It WORKS. IT REALLY WORKS!

Rating: 5 stars
Summary: Got me on the right track
Review: I had previously purchased some so called financial books by magazine writers who were supposed to be financial experts only to be dissappointed. Amidst 1,000 pages of mostly fluff these writers attempt to explain personal finance. They tell you what mutual funds to buy. What insurance companies to get your insurance from and supposedly how to pick a broker. Interesting, because I have found that my best financial expert is the person who looks back at me in the mirror.

Rich Dad Poor Dad was like a breathe of fresh air. It give you the right philosophy on how to create wealth. And if you are intoerested in wealth, who better to listen to than people who have done it right?

Rich Dad Poor Dad, I found out is the true story of Robert Kiyosaki's real father and his rich father. It is also the story of how Kiyosaki earned a fortune lost it, came back and retired at age 47. Again I ask you, who would you rather listen to on the subject of money, someone who has amassed a fortune and retired at a young age or newspaper and magazine writers who have no real wealth. Have not developed anybody and are still working at age 60? I think the answer is obvious.

I also find it interesting when people criticize self help, inspiritional-type books. One reviewer writes; "inspiritional books are a dime a dozen and haven't done squat for me." Are we to assume that this person is so far gone that he/she is beyond being inspired or that doom and gloom, depressing books are more their thing?

I do agree that there are some other good books to read. Some of these include:

Think & Grow Rich
The Power of Positive Thinking
More Wealth Without Risk
The Richest Man in Bablyon
The Millionaire Next Door
Cash Flow Quadrant
Rich Dad's Guide to Investing
The Master Key to Riches
7 Habits of Effective People

Just to mention a few.

Some books are written by virtual unknowns who claim to have publishing companies and also claim to be consultants. One person who was interested, checked throughout the Minneapolis/St Paul area for a supposed self publisher and could not only not find anything in the white or yellow pages but could not find anyone who ever heard of this supposed "consultant-self-publisher." Beware of people who create their own personas.

By contrast, mention Robert Kiyosaki to any real businessman, successful businessmen and they will tell you that they utilize the same concepts that Kiyosaki teaches and many will credit Kiyosaki for their own success.

I also highly recommend Rich Dad's Success Stories to fully appreciate the role that Robert Kiyosaki has played in so many peoples lives and continues to inspire, intruct and lead people to succe$$.

Rich Dad Poor Dad is a must read book. Obviously or it wouldn't be a best seller for this long would it?

What these 1 star reviewers frequently forget is that books like this one grow more based on word of mouth than mindless reviews by self serving 1 star reviewers. Take a look at all of the 1 star reviews. Then take a look at who they support. That should tell you something.

Besides, even with all of the one star reviews, Rich Dad Poor Dad remains a best seller only becuae it works. People are telling people. Friends are telling friends. The book continues to sell. People continue to tell th eir friends about it. That is why Rich Dad Poor Dad is such a success and will continue to be for a long time to come.

I understand that Think & Grow Rich was widely criticized by certain groups in it's time as well. But talk to any successful person and they will tell you the role that book has played in their success. I belive that Rich Dad Poor Dad is today what Think & Grow Rich was in the 30's. And like Think & Grow Rich will continue to sell and impact peoples lives for many years to come.

Robert, thank you for sharing what you learned from your Rich Dad. I am very grateful and know at least 100 others who are equally grateful.

By the way, I noticed that Rich Dad Poor Dad is still in the top 25 books listed by competent research and listed at a national book store. All this time and still in the top 25--that should tell you something!

Rating: 2 stars
Summary: A total waste of my time
Review: Personally i didn't like this book, I guess it's my fault because I was looking for a book on stocks & bonds, till some guy told me how good it was. Right! This book was like a biography, the author takes u all the way back to his childhood, and walk u down memory lane, points he could have written in one page, he took 30, it really sucked, half way through i asked my self? so what have i learnt, apart from common knowledge, nothing, so i dumped it and didn't finish it. I doubt u'll end up rich over night but its an interesting read.

Rating: 2 stars
Summary: What NOT to do...
Review: This is not a how-to book.

It has, as already mentioned by many reviewers, more of a motivational effect on its readers than an educational one. The motivational effect of the book most likely comes from Kiyosaki's salesmanship of his ideas. He writes to emotionalise, not to proove, his principles. I have found most of these tactics (like insider trading) to be illegal (thankfully not from personal experience). Following this book word for word as gospel, as a how-to-book, will get you into trouble. Jail, problems with tax authorities, the government, your family and friends, homelessness etc. I bet that Kiyosaki doesn't (/isn't naïve enough to) follow his own advice. Why am I sure that he doesn't do this? Simple; he's not in jail!

As an educational product, I wouldn't recommend it. Why? Most of the principles (and Kiyosaki's supposed implementation of them) are exaggerated. They are not factual, but often contradictory or self-aggrandising. And, as many people are coming to suspect, they are probably totally fictional.

IMHO, this is one of the most fictional books ever categorised as non-fiction.

For instance, he recommends one should own a corporation and write off buying a Porsche (on behalf of the corporation's owner, i.e. you) as a corporate expense. This will save you taxes. However, he does not (as all demagogues do) talk about the disadvantages of using his teachings, such as the increased suspicion of the tax authorities that audit your business and then possibly fine you severely or making you cough up the money. They will question you - Porsche or not!

He boasts of wealth (real millionaires don't flaunt their wealth at every opportunity) and is clearly very materialistic. He says that "money buys me freedom," yet he is caged in his limited perception of true wealth. To underline this statement; he teaches that the reason you should have friends is to profit from them economically (like people doing insider trading for you = illegal). This is a totally mercenary attitude. I can't believe that someone who writes a best-seller harbours such limiting attitudes.

A lot of the book contains his and "Rich Dad's" teachings about the inferiority and weakness (= we're so great, since we're rich) of people who choose to be employees, for whom job security is a prime factor in choosing one's life path. In Cashflow Quadrant, the sequel to RDPD, he teaches that each kind of path in life has its own advantages and disadvantages. No path is better than the other; all are subjective. Clear contradiction - sadly not an exception to the rule.

This is a man who, supposedly following his own teachings, retired at the age of 47 and now slaves away selling his books and products. He probably works more now than he did before. Some freedom...

The stand that is taken towards people who aren't trying to become like the mystical Rich Dad is quite degrading. But then, Rich Dad believed in giving to charity and being generous. These are extremely amiable traits. I'm puzzled; if one is charitable and generous, then why would one act self-righteously and degrade other people?

Many people say "This book made me think about finances!" Doh! The tax people make you think about finances each year! Some might even quit their job because of what Kiyosaki sells them during the course of reading this book. That would be sick. Do yourself a favour and educate yourself to become a businessperson, not a Kiyosaki-cult member, before setting up shop.

I bought the ebook version of RDPD. I learnt how NOT to do things and how NOT to think. And then I bought Cashflow Quadrant and it reinforced what I had learned NOT to do to a great extent. However...

... I didn't do my homework before buying them. Now I've been taught a lesson in how to buy books about finances and wealth, I think that the twenty dollars that I spent on both ebooks was not a lot. After all, I won't be falling for this stuff in the future and will save myself a lot of unnecessary risk and wasted money.

I bought it because I had 'heard many good things' about the book. Then I made my discovery and learnt my lesson. The lesson:

Study both the praise and criticism of a book before you buy it - no matter how hyped or popular it is, ALWAYS.

I was ignorant enough to buy it without doing my homework first. I hope that you're cleverer than I was.

Where should you go to find out about the science of wealth creation and success? Try the following books:

Think and Grow Rich
The Millionaire Next Door
The Millionaire Mind
How to Win Friends and Influence People
And any other positive, spiritual literature that will help you balance your material wealth with spiritual wealth (New Testament, Tao Te King, Baghavahd Gita etc.).

These books aren't badly written or edited, neither do they contain many principles which, if followed, could pose a serious risk to someone's individual freedom. In fact, the tend to liberate the open-minded reader from many limiting beliefs and attitudes

After all, the Master taught that the truth will set you free. Go get some.

Thanks for reading this review and have a great day,

Brian.

PS. Why 2 stars? Because knowing what NOT to do is also useful!

Rating: 5 stars
Summary: I love the CD's
Review: As great as the book is, the information from Rich Dad Poor Dad really comes to life on the cd. I am more of an auditory learner so listening makes learning easier for me. I played this cd audio for 21 days straight untill Kiyosaki's words became my words.

I have the book too, but the cd's really rock. Read the book but listen to the cd audio as well. You'lll earn faster and since this is the subject of wealth, doesn't it make sense to maximize your learning? Yeah! I knew you would agree.

Great book and cd program.

Rating: 5 stars
Summary: My favorite for over a decade
Review: Robert T. Kiyosaki has been my favorite financial author since I purchased If You Want To Be Rich & Happy Don't Go To School back in 1993. At that time I was newly laid off (downsized became the new terminology) and found that all my years of education could not find me meaningful work.

The situation got even worse during the 90's as America saw the biggest downsizing in corporate America's history. Very soon, Americans realized that the words "job" and "security" didn't go together.

I bought Rich Dad Poor Dad many years later, but, If You Want To Be Rich And Happy Don't Go To School was the book that got me started and none too soon.

By following Kiyosaki's advice, I invested in rental properties, stocks and started my own business and never looked back.

Rich Dad Poor Dad is a excellent book. I highly recommend this and any book by Kiyosaki that you can get your hands on.

Rating: 1 stars
Summary: Strictly A Motivational Book - Nothing More
Review: After reading this book in March 2003, I was pumped and hyped. Kiyosaki and Lechter do a great job of making you feel like you can achieve anything when reading this book. As a motivational book to make you want to do something more in your life, this book is excellent.

Unfortunately, that's all this book is - a motivational work of fiction. Kiyosaki is from Hawaii and so am I. Without any prior knowledge of Kiyosaki, his writings seem to indicate he grew up in the Waipahu area (actually Hilo) and in a state that is as small as Hawaii, a "Rich Dad" who grew his company into one of the biggest empires in the islands is sure to be someone known in the islands - especially if that Rich Dad came from sleepy Hilo.

As much as I wanted to believe in Kiyosaki, something kept nagging at me and I started to do some research into him. He practically hates Hawaii and in an interview with Hawaii Business magazine Kiyosaki equates his Rich Dad to Harry Potter. Further research seems to reveal that Kiyosaki's wealth is not from great real estate deals but rather his motivational books and seminars ($5000 per person). John T. Reed has an interesting website that seems to reveal that Kiyosaki has only done a couple of real estate deals that combined total nowhere near the amount he has claimed in the books.

For me, it's things like this that send the red flags. Integrity and credibility in writing and it seems that Kiyosaki is weak on those points, which places everything he writes into question. If he fabricates details of the Rich Dad and his deals, then how much else is a fabrication?

Read Kiyosaki's book for the motivational drive, not for factual information. In fact, some of the things he suggests in the book are under serious scrutiny with Corporate Governance regulations and the Sarbanes-Oxley Act.

I give this book a one star because of the integrity and credibility questions.


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