Rating:  Summary: no excuss for being broke Review: for a book to possess such a creative and potential philosophy in literay art, is superbulously out of this planet, not just a prose but practical knowledge of money making and the spending rules. the book as centered on self management explores the secret of missmanagement and embezzlement. the rich was prudent in spending while the poor dad wasnt thinking big and has remained poor while being dependent. unlike the latter, the former was employing people instead of being employed.this book will reveal the Blueprint in Cost and Management Economic system to you as you begin to quantify and understand its contents. but obviously on a critical angle, the auther has no such regards for academic intellectuality, he only trust his business and such never respect education. this is becasue he believes in money first. to him being a graduate doesnt apply when it comes to making the cash. you can only understand a book better when you read it yourself than a mere narration, that's just the saltless meal. take the meal proper. cheers as you read on. what a book! he's a thinker.
Rating:  Summary: An enlightening novel Review: ~This is one of the most enlightening books I have read in the three years I have spent at college, and it was one I was not assigned to read. Robert Kiyosaki's book taught me some common myths about becoming rich. People can work hard all their lives, with high levels of education, and never become rich. The difference between the rich and the poor and middle class is that the rich buy assets while the poor and middle class buy liabilities. If you read this book, which I recommend, you won't~~ ever forget that sentence. He mentions it a few times. He tells some of his successes, and the strategy behind becoming rich. He does not necessarily tell you what you have to do to become rich directly, but he outlines the principles. I also like his writing style, which had me laughing at several points throughout the novel. I especially recommend this book to any young people who don't want to have to work their entire lives. I like the book, I like his writing style, and I am about~~ to read the rest of his books. I recommend him.~
Rating:  Summary: Optimize your mind and optimize your wealth Review: Rich Dad, Poor Dad is one of the most motivating books on financial freedom I have read. Kiyosaki makes a clear case for the acquisition of income producing assets. He believes that the single most powerful asset we have is our mind and that it doesn't matter where we start, it is how to best proceed that counts. Since reading this book, I have increased my net worth by $230K, more than tripling my financial performance. I also attribute this remarkable growth to another book, Optimal Thinking: How To Be Your Best Self which many reviewers had recommended. Optimal Thinking is the mental software to make the most of opportunities and resources and minimize obstacles. Buy both of these books to give yourself the best chance of having everything you want.
Rating:  Summary: Well worth reading with no downside Review: I really enjoyed this program. I bought the book and the tape at the same time. Rich Dad Poor Dad is well worth your time with no downside risk. And I can relate very well to Mr. Kiyosaki. I well remember discussions my parents had with our family when I was 9 and younger. Our parents really drove the need to be financially responsible and we had an uncle who was an entrepneneur and drove the entrepneneurship philosophy. I can can still hear Uncle Sam saying; "Whatever you do kids, make sure you go in business for yourselves. No employer will ever pay you as well as you will pay yourselves." Uncle Sam also emphasized saving 10% of what we made. Giving 10% to our church and taking another 10% and using that for capital money to expand our business. We were taught this as 9 years olds. For that reason, I and my 2 brothers and 1 sister have been self employed since graduating from college. My parents and my Uncle Sam both emphasized education. Although it has taken a major portion of my life to unlearn what the teachers told us and use what really works. What Kiyosaki says about a house not being an aseet is also true. Fortunately, I never got caught up in keeping up with the Joneses. I own a home. Enjoyed nice appreciation but have fared far better with the rentals that I own than with the home that we live in. I have also made 1,000% plus returns in stocks (small cap stocks as Mr.Kiyosaki recommends) and didn't have to deal with points, fees and other nonsense that banks charge. Owning rental properties has also offered me tremendous tax benefits so I agree 100% with Kiyosaki in recommending real estate as an investment. The problem with home ownership is that people are investing all their money in their home and constantly tied to a job to pay for it. Then you have the points and fees. Sure their are tax benefits but after all costs are included it's like paying a dollar to get 30 cents back. Not a winning strategy. Conversely, you can live in a smaller home and take the cash that you would be paying for that bigger home, the alligator and use that to buy rental properties, small cap stocks, invest in your own business etc to generate cash flow now. As far as appreciation, you can earn those kinds of appreciation immediately in rental properties if you buy right. As I understand Kiyosaki, he is not against owning a home as long as you realize that it is more of a liability than an asset. I have turned my home into more of an asset by taking advantage of tax benefits of a home based business and renting out a room that we no longer use. Rich Dad Poor Dad is an excellent book. I am as grateful to Mr. Kiyosaki for sharing these ideas as I am to my parents and my Uncle Sam for reering me and my family to correct financial strategies when we were as little as 9 years old.
Rating:  Summary: Eye opener Review: This book is not about giving solutions, recipies and such. It merely shows the way for some people who want to take a different path in life, make a change. Some things are so much "common sense" and ordinary that you need someone to remind you of them - like, for a self employed, income stops when they stop working. I enjoyed the contents of the book (the writing is not stellar) and it made me want to take more control of my financial life.
Rating:  Summary: possibly worth reading, with caveats Review: The concepts expressed in this book seemed self-evident to me, which is why at 47, I have only worked a few years of my life. The principal concept is that working for others is basically a fool's game, in that employees by definition are exploited, because employers must make a profit off of each employee. While a very few employees can make more money employed than working for themselves, this percentage is so small it is not worth discussing further. Employees also have no control over their futures, in that they can be fired at any time. In the beginning of the book, the author relates a conversation with his "rich dad" when he was nine years old. This "conversation" is almost certainly fictitious, in that no nine year old has the cognitive development necessary to engage in abstract discussions about money and finances, not to mention that a nine year old's attention span is about three seconds. We are also expected to believe that the author recalled this extensive conversation in minute detail 40 years later. One of the principal points made in the book is that your home is a liability rather than a asset. While this can be true if someone manages their finances poorly, it is often simply false. Think about how much homes have appreciated in the United States in the last 15 years. I will soon sell my home for more than 20 times what I paid for it. The author also discusses the necessity of reducing taxes by such means as incorporating yourself, etc. However, the capital gains deduction for your own home is a key way to reduce or eliminate taxes. This deduction is $250,000 for singles, $500,000 for married couples. For example, if you buy a home, renovate it while living in it for at least two years and then sell it, a couple could theoretically make $250,000 per year tax free. Not bad. However, this concept is apparently lost on the author, although real estate enriches more people than any other means. The author recommends that people should purchase income-producing assets, but of course this is much easier said than done. The real reason the average person never achieves wealth is that they are simply living in debt, spending more than they are earning, putting little or nothing away to invest. Eliminating debt that most people simply take for granted such as credit card debt, home equity loans, auto loans, etc. is essential before most people can start creating wealth. Children also should be viewed as financial liabilities, although society tends to frown on this point of view. Personally, I believe people need to achieve financial security before having children, particularly when each child will cost hundreds of thousands of dollars before they leave the home. While the book does not give any specifics about how one can achieve such financial security, it nevertheless can help someone to start thinking outside of the box in regard to their financial future. Why these concepts are such a revelation that the book became a number one best-seller and has prompted all these five-star reviews is beyond me. I just wish I would of thought of it first.
Rating:  Summary: Happy Thanksgiving Rich Dad and Thank You :-) (-: Review: I bought Rich Dad Poor Dad along with Cash Flow Quadrant earlier this year and these books have made a profound difference our families lives. Words cannot express our heartfelt appreciation to Mr. Kiyosaki for sharing these tremendous strategies and of course Kiyosaki's Rich Dad for sharing them with RTK. We also feel for RTK's real dad--his poor dad who Mr. Kiyosaki shows tremendous love for and enabled RTK to learn much from and share with us all. For more good reading I suggest Cash Flow Quadrant, Rich Dad's Prophecy and Rich Dad's Success Stories.
Rating:  Summary: WARNING! This book could make you very wealthy... Review: To fully appreciate the value of this book I suggest you first read "Rich Dad's Success Stories." The advice in this book is very effective and worthy of your full investigation. Pick up a copy of "Rich Dad's Success Stories" and "Rich Dad Poor Dad." You'll be glad you did!
Rating:  Summary: Much Blather - Little Info Review: I've never quite seen someone who can fill over 150 pages with near useless drivel. Mr. Kiyosaki, goes on rabbit trails and is simply a salesman. I don't believe he knows very much about what he is talking about, and chooses to speak in generalities rather than specifics. You will walk away from this book a bit poorer in both time and money. If you're needing concrete investment strategy and facts, then look elsewhere.
Rating:  Summary: This book did save me a lot of money Review: Before reading Rich Dad Poor Dad I was out of control, letting brokers make my financial decisions for me and letting my employer determine my lifestyle. What I got out of Rich Dad Poor Dad first of all is to think for myself. No broker, financial planner or advisor will take care of my money as well as I will. Point of fact, I once turned over a sizeable amount to a broker and asked him to watch it for me. He must still be watching it because I never saw it again. Employers determine how much we make, when and where were can go on vacation. We work 9-5 and at the end of the week, our employer who has us on a chain, loosens that chain let's us have a little freedom. Once a year (or more depending on how long you have worked for them) your employer reels out that line a little more for something called a vacation. Our employer even determines what kind of retirement or even if we can retire based on pensions and 401 (k) plans all of which are determined by the employer. Thanks to Rich Dad, I found a better way. I determine my own investments and have done quite well thank you. I have started my own super successful business and set up my own retirement plan. I am in control. I also think for myself, something that Kiyosaki learned from his Rich Dad. I used to read certain financial magazines but stopped when I realized that most were just cataloques for certain financial companies and offered very little useable advice. I lost a bundle buying a stock recommended by my broker because it was in (.....) magazine. To sum up Rich Dad Poor Dad, it is the true story of Robert Kiyosaki and his real father who was poor following pretty much the same system that most people do; go to school, get a job etc. and his "Rich Dad", actually a friends dad who was rich but followed a different system, of being an entrepneneur, independent. Rich Dad Poor Dad is a excellent book to launch you into financial self reliance. It sure worked for me.
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