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Summary: Unique Story Used to Convery Principles of Relationship to $
Review: Rich Dad Poor Dad audio is a riveting story of the narrator's childhood and how he was influenced by two different perspectives: that of his dad, a govt employee, and his friend's dad, a capitatlist to the max.He illustrates principles he learned from his friend's father and shows the counterpoint views of his own dad, ironically the formally educated one. The narrator stresses not just education, which he does value, but also financial intelligence, which he stresses is not taught in school. The narrator has an interesting voice, and the tale conveys these principles in a way that is easy to follow. The story is told in a fashion that reminds me of John Boy narrating the life of the Waltons. It's down to earth and yet conveys principles with each illustration.
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Summary: It makes as awakinging point
Review: Very poorly written but the information is worth the drudgery of reading it. The author repeatedly reminds us that an academic education does not guarantee success. His inability to write proves that he puts a de-emphasis on academia. However, he stresses that to be wealthy, you must learn about how money works in your personal life, your taxes and investments. Not being wealthy, I discovered many eye-opening ideas I had never been aware of. I am glad I read the book. It has motivated me to begin now to work on wealth. If you can get past the author's inability to quote a cliché, you will find valuable information you have never read in any other book of its kind.
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Summary: A Life Changing Experience
Review: This book will open your eyes on many aspects of your financial life and much more. It's a must read!
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Summary: First rate book on creating wealth
Review: Rich Dad Poor Dad provides brillinat out of the box thinking about money and wealth. It's a must read. In addition, make sure you read Optimal Thinking by Rosalene Glickman Ph.D. (Wiley 2002) to learn how to make the best choices and OPTIMIZE every situation.
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Summary: There are no secrets, but there are shortcuts to wealth
Review: I am continually amazed when people look for some hidden secret, fast easy way to wealth. There are no secrets, but there are shortcuts to achiveing wealth. I have a MBA and it has taken me a quarter of my life to overcome all of the useless information that I learned from schools and colleges. If teachers knew how to create wealth, they would be wealthy and not teaching! Kiyosaki teaches the shortcuts to wealth. He is carrying the torch passed to him by his "Rich Dad" and we have the opportunity to learn from him. A lot of what Kiyosaki teaches is not new. Ever read Think and Grow Rich? How about Acres of Diamonds? How about The Richest Man in Bablyon? What Kiyosaki does is present the information in a different way and uses himself as a walking and talking advertisement for the principles he epouses. The philosophy works. Try it and you'll see what I mean. RD/PD is perhaps the best personal finance book out on the bookstands right now and I highly recommend it.
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Summary: No real secrets, but some good advice
Review: Rich Dad, Poor Dad, in truth, really doesn't "teach" much of anything. A lot of the lessons Robert Kiyosaki offers you've probably already heard somewhere else. Things like "make your money work for you," "pay yourself first," etc. What can exactly does that mean though? Simply put, Kiyosaki offers a simple new way to look at money. It's more important for most people to unplug their current thinking of money. Instead of thinking, "I'll never be rich," and then turn on something stupid like "Friends," and then wonder why they don't have money, a financially smart person will learn more about money. Learn how to manage and control your money. Still, I find a few things a little worrisome. It's clear that Kiyosaki believes real estate is the best solution to wealth-building, and it can be, but first learn what you're doing. Also, I find the philosophy of "greed is good," and "paying yourself," even when other obiligations are more pressing, is a dangerous system. Greed is more often than not a destructive force.
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Summary: There is no secret formula to wealth.
Review: There is no secret formula to wealth, but that's what the author implies. I have a JD/MBA and I am an entrepreneur owning several businesses. Obviously, i have learned a great deal from books, but this book is an outrage. From its offensive title to the insipid dribble he feeds us for 200 pgs, Kiyosaki fails to say anything. He has become fabulously wealthy by duping us into spending $12 of our hard-earned cash to tell us things that are trite (most of the book), misleading (our house is not an asset), or wrong (taxes punishes the wealthy). Howard Schulz, Jack Welsh, and Sam Walton all had poor dads who taught them one thing-- hard work, dedication, and passion are the keys to success. Please, if you want to read this book, CHECK IT OUT FROM THE LIBRARY!!!! and read it critically. Don't let him fool you too.
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Summary: What is money?
Review: What is money? Everyone is working hard for money. However, few people can understand money. Robert. T. Kiyosaki understands money and teaches people how to millionaires by Rich Dad Poor Dad. His thought on money is simulated from his two different dads - one is his poor dad and another one is his rich dad.
Generally, people earn money and spend more. The demand of money is infinity and people can't excape from the financial struggle. This is like a "Rat Race". Even a person with substantial high incomes, he/ she won't get out of this "Rat Race". Indeed, his poor dad is not really "poor". He has high education and is sucessful in his career. However, he is described as poor becasue Robert noticed that he can't get of out this "Rat Race".
On the other hand, Robert has a rich dad. He is Rich, because he knows money. This rich won't work for money. In contrast, money works for them. How's it done? It can be simply explained with one word - Investment.
People are working hard for moeny because of the traditional thinking on money. People always think that lifes are ensured by getting into a big company with high salary and thus people study hard in order to get a high position. Personally, this is a save but not wise way to play during a life as we can't excape from the "Rat Race" ! In order to play it in a wise way, we have to understand money so that we can know the ways to let money work for us. Robert teaches people how to do the cash flow analysis and suggests different investment in this book. Maybe it is somehow not practical as we need to start with certain money or abililties. However, this book let people review their cash flow and let people be aware of the situation they are living now - in a "Rat Rice". It simulates people thinking on money.
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Summary: Not much here
Review: The book does a good job of stressing that one should use their money to make money and not fall into the trap that most people do. However, it is way, way to wordy. It could be pared down substantially. It also does not give any specific strategies for creating wealth. It is very vague.
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Summary: Not worth the money
Review: Basically he says prepare for the future and know how to find get rich quick schemes. That's it. The rest of the book is just filler.
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