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Summary: How to write a best seller
Review: This is a very clever book that explains how to apply financial management to an individual's personal budget. You don't need to know anything about finances to fully understand this book. This is probably why it has become a best seller. Because it is able to transfer knowledge to the masses and persuade them.
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Summary: One of the best ever reads
Review: Rich dad is already in my opinion a classic read and stands on its own as one of the all-time best reads in this particular genre. In my humble opinion this is one success based book that we all need to read. If we want to take ROI into consideration, then this is a sound investment!
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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."
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Summary: A good guide for a parent
Review: Being an excellent stident with two Master degrees, I still resist a temptation to ignore the book saying that formal education is not the thing that matters. I've got a 3-years old son, and God knows - I won't ever require good grades from him. His financial success as a businessman - that's what is in my mind at the moment. It's never too early to become financially literate, and in my opinion, this book gives an excellent insight on what I should shoot for in order to be proud of my son in the nearest future. A+
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Summary: Kiyosaki shows the TRUE difference between "rich" and "poor"
Review: Mr. Kiyosaki's book is one of the most amazing books I have ever read. I have had numerous self-help/financial planning books cross my path, but none with the simple and painfuly obvious truths displayed in this one. If you truely want to learn how to get rich then this book should be your first step.
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Summary: Kiyosaki's philosophy can be summed up as follows
Review: Don't expect to go to school and learn how to get rich.
It doesn't take money to make money. A house is not an asset - unless you are the bank, insurance company etc. Why real estate is still the best and safest investment. Why we shouldn't listen to brokers, financial planners, insurance and other commissioned salespeople. Why network marketing may be for you and why most of what you have read or heard is mostly a misconception. I have an MBA too. It stands for Massive Bank Account. Kiyosaki's advice works---only if you apply it.
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Summary: Kiyosaki's philosophy summed up in this review
Review: To save you the trouble of buying this book, I will explain what Kiyosaki's basic philosophy is. In fact, this will save you the time and money you might have wasted buying all of the books in his series (I have read 4 of them). Kiyosaki's guiding philosophy is to live like his rich dad and not his poor dad. Poor dad lived by the mantra of "Go to college. Get good grades. Get a good job." He ended up living paycheck to paycheck and his job was his only source of income. Rich Dad's approach was to buy things like businesses and real estate, that would generate income. He suggests you live in the quadrants of "Investor" and "Business Owner." I am currently an MBA (masters degree in business) student and I'm interested in finance, so I was very curious about this series, which a friend recommended to me. However, once you get beyond Kiyosaki's basic philosophy, these books become very frustrating, because they are so short on specifics. Specifics such as "How can I actually do this??" My brother, who is an accountant, read the series also, and had the same gripe. You come away thinking he told you something, but wondering what it was. Other reviews have mentioned how terrible the writing is, but hey lets not hold that against him, he's not a writer. Another fundamental gripe I have with Kiyosaki is that he got rich by being very lucky, and his way isn't the only way to do it. With the booming real-estate market, prices have gone up to such an extent that it is harder to find rental properties that can be profitable, unlike when kiyosaki was first investing. Also i know PLENTY of rich people who work a safe, secure job. Lawyers, doctors, CFOs and i-bankers to name a few. I would recommend reading this book, and possibly "cashflow quadrant" just to expose yourself to his basic ideas. Then you will have to figure out a way to apply them on your own, a daunting prospect. But do yourself a favor and stop there, because you will get nothing practical out of the rest of his books. Finally, hey we're not all going to be rich, so don't get all worked up over books like this. If you have a family who loves you, good friends, and a place to rest your head, you're already rich.
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Summary: Wisdom from the Millionaire Teacher
Review: I really think that Robert Kiyosaki should be called the Millionaire Builder because he has undoubtly helped more people to become millionaires and reach financial independence than anyone else in history. Kiyosaki will tell you some things that you won't want to hear like: You don't need to have a high income to become rich That your house is not an asset Why you can't rely on the school system to learn about money What real assets are and what liabilities are. HINT: It's not what you think they are What your kids really need to learn to achieve wealth and financial success. Again, it's not what you have been programmed to think. Easy to see why Kiyosaki is controversial but then again it's also easy to see why only 5% of the population ever reach true financial success. It all goes back to what they were taught which doesn't equal success. Rich Dad Poor Dad is an outstanding book and I am glad to see that it has stayed a best seller this long. People desperately need this information. Now, they need to apply it.
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Summary: Optimize cash flow here and much more
Review: I loved this book. My dad was "rich dad" but wanted me to live poor dad's teachings. He didn't think that women should be business owners. So in my early 40's I found myself divorced, living from paycheck to paycheck without income producing assets. This book really fired me up. I agree with Rich Dad that the single most powerful asset we all have is our mind, and I have dedicated myself to become a consistent Optimal Thinker. I read Optimal Thinking: How To Be Your Best Self which has given me control of myself and showed me how to make the most of every situation and how to make the most of my life. I have formed a corporation and am buying fixer uppers below market and flipping them. Thank you Robert and Sharon. I have doubled my net worth since I read these books.
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Summary: Most assuredly A MUST READ!
Review: Rich Dad Poor Dad is undoubtably the best financial book ever written! I like the fact that Kiyosaki himself started with no money and was able to escalate to super wealth. I also like the fact that Kiyosaki discourages debt except for investments like real estate and stocks. Too many people charge up their credit cards for dining, clothes and other depreciating items. If you are going into debt, advises Rich Dad, do it with things that go up in value like using leverage in real estate and buying stocks on margin. Kiyosaki's advice on buying small cap stocks is also good advice. NOTE: He does not advise cheap penny stocks as others have falsely indicated. This book reminds me a lot of the legendary "Think and Grow Rich" by the late great Naploean Hill and "The Richest Man in Bablyon" by George Clayson. Perhaps that is why average people have so much difficulty with these books and in particular, Kiyosaki because he is the hottest financial author of the last ten years. But you know, I have met hundreds of people who attribute their wealth to "Think and Grow Rich", "Richest Man in Bablyon" and now "Rich Dad Poor Dad." Obviously, these were average people who thought at an above average level and were willing to be corrected. If you are new to Rich Dad, I recommend you start with this one and "Rich Dad's Success Stories." I also recommend "If you want to be rich and happy then don't go to school." "Cashflow Quadrant", the second in the series is also a must read. If you have been "guru-ed to death" by so called "financial experts" who advise you to cut your credit cards then I also suggest "Rich Dad's Guide to Becoming Rich ...Without Cutting up your credit cards" currently available as a e-book and another one of my personal favorites. Rich Dad Poor Dad is an OUTSTANDING book. The fact that certain factions have criticized this fabulous book tells me that Kiyosaki is doing something right and shaking up the right people. The advice works only if you are willing to use it and go to work. You also have to read the book. I was talking with someone this morning who said he bought this book 2 years ago and never read it! Yeah, you have to read it too (the whole book, not just the free sample pages here on the internet ala the 1 star bashers) and then you make some powerful gains! Best of luck.
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