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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: 1 stars
Summary: The best book I ever read---until I got to business school
Review: Okay, here's the deal---I read this book, and at the time I thought it was the greatest book ever written. I wanted a million dollars like anyone else and I decided that I would forego his advice of not going to school and go after my MBA, after all, he did it. So, now that I'm almost done with my BBA I went back and read the book again. Now, it's the worst book I've ever read. Why? It ignores so many fundamental concepts that are taught in business school that can help one achieve financial success to state that an asset is only an asset if it produces income for the owner. However, in order to be more than just merely comfortable with income producing assets, one must have assets worth $5M throwing off 3% in interest, or $150,000 a year before taxes, and since only 2% of the US population (about 6 million people) have done it, that is not exactly a goal for the common person to reach, as most of those who have earned that much are either entrepreneurs (80%) or high level executives such as CEOs and most people are not suited to either task.

Where's my book? I don't know, maybe after I get my MBA I'll write one, but unless it's a fluff piece like this one, I doubt it will sell like this one, which is probably where he got his money in the first place.

Rating: 3 stars
Summary: Not for the non-entrepeneur...
Review: I read this book in a string of books about "fiscal responsibility" and wealth. I heard rave reviews and was very excited about this book. Unfortunately, I don't think it lives up to the hype, at least for that segment of the population (me included) that does not have the entrepeneural spirit. It's very uplifting for those who dream of being their own boss and making their fortune "their way". That's all fine and dandy. However, for those of us who actually enjoy having a steady income without the stresses of owning our own business, this book doesn't really do anything. It talks about investment options and the like, but it assumes you already have the money to invest. On the contrary, the reason most people aren't wealthy is not because they aren't entrepeneural enough or savvy enough in their investment choices; rather, it's because they do not live within their means. That's the first crucial step, and a step I feel this book overlooks entirely.

I much prefer "The Millionaire Next Door". Although many millionaires are indeed entrepeneurs, the Millionaire Next Door also notes that many millionaires are just regular working folks who are fiscally responsible with their money, a possibility entirely ignored in "Rich Dad, Poor Dad".

So, for you entrepeneurs out there, this book will pump you up and give you the motivation you need to take the next entrepeneural step. However, for you regular working folks who actually don't mind having an employer (me included), I say skip this book and read the Millionaire Next Door instead.

Rating: 2 stars
Summary: This guy sure is getting rich
Review: Not sure about the readers, but the writer surely is getting rich. One thing I learned from this book was how to sell anything with eye-catching phrases like the title itself "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!" or any of Mr. Kiyosaki's other titles. A poor/middle class dad/mom (most of us) will buy this book out of emotions. This guy has setup companies, selling seminars, books, audio-tapes, games all at exorbitant prices ... All of them beat the same drums. There is a saying in east: if you give turmeric powder to a monkey, he will paint it all over your butt. Somebody told this author buying real-estate is good and he is painting it all over his books, tapes, games... everywhere. Its so boring. All the concepts in the book could be written in couple of pages. Some of the concepts are pure (junk) - for example: "Don't buy home, put your money in real-estate". Well, I always thought home IS real estate. Mr. Kiyosaki wants us to believe home is a liability. VERY poorly written book and just fills up pages of useless coversation between author and his fictional rich dad.

Rating: 5 stars
Summary: Put your best feet forward and optimize your wealth
Review: There are two books that every parent should read and give his kids. Rich Dad, Poor Dad provides practical steps to manage money and build net worth. Optimal Thinking: How to Be Your Best Self shows you how to be your best no matter how tough things get, and how to make the most of any situation and get the best results. Both of these books hit the spot!!

Rating: 5 stars
Summary: Excellent. Highly Recommended.
Review: "Rich Dad, Poor Dad: What The Rich Teach Their
Kids About Money - That The Poor And Middle Class
Do Not", is by far an excellent book. This is an
honest, straight forward book, with excellent and
true money and wealth building concepts.

This is the best book of it's kind that I know of,
so far. This book is highly recomended to anyone
truly wanting to learn the real ropes and real roads
to true wealth. Excellently written.

The author tells of his experience being taught to
him as a child himself, and the valuable knowledge
he, himself as learned over the years. A book you
will want to keep and share with others.

Diana: Author of: "Inpirational Wisdom For Love,
Beauty, And Richness"; "You Hold The Key To Riches
And Happiness"; (and) Sure Fire Ways To Make More
Money And Get A Better Job".

Rating: 5 stars
Summary: Great book!
Review: This is a fantastic book. If you are seroius about making money, and escaping the rat race that involves working 9-5 until the age of 65, then we recommend you read this book. You'll get good business and income ideas from it.

Rating: 2 stars
Summary: Are you kidding
Review: I gave this 2 stars because the only reason to read it is to read the in depth analysis found on John T. Reed's website...

This is an amway/quixtar marketed book reinvented in a fictional (yes, fictional) forum. Stay clear, as the book is clealry directed at people looking to get rich quick. C'mon. If it was as easy as this guy says, wouldn't everyone do it? The book was written to sell to people looking to get rich who probably are far from it, and judging from the reviews on this website the brainwashing has apparently worked.

Rating: 2 stars
Summary: Good in some areas, weak in others
Review: Snake oil, anyone?

Thinks I agreed with:

1. Stay away from credit card debt.
2. Information is power.
3. Become financially literate. Better to read business magazines, etc. than work on your golf swing.
4. Buy investments that provide cash flow.
5. Manage risk, don't avoid it.

Things I disagreed with:

1. Terminology. I disagreed with his definition of an asset. I agree that a house is not an investment, but it is an asset. He could have made the point without the confusing move of redefining an asset.

2. Pay yourself first, even if it means that creditors and the government have to scream due to non-payment. This supposedly inspires your financial genius.

3. Join a multi-level marketing organization to learn about sales.

If you like Amway, you'll love this book. See also:
[website]

Rating: 5 stars
Summary: a look at inspiration
Review: This book may not teach you how to make a dollar, but it reminds you that you need to have a dream. At some point in life, we all must face the challenge of learning to deal with life. We wake up, go to work, make money, save money, spend money, and repeat the process all over again. Kirosaki reminds us to keep fighting for something better, to not be afraid to ask what if I do this and he inspires us to actually get up and do something about it. You can't win if you've never lost. The main thing is that you keep trying harder, not only for money, but for a better environment. As he put it, the world is a reflection of yourself. By reading this book, you'll begin to ask yourself what it's going to take to make you happy. Don't read this book to find what it takes to be rich, read this book to find it in youself to fight for something better.

Rating: 1 stars
Summary: Short on specifics...
Review: I really wanted to like this book but after reading it again and again I find two things: 1) He doesn't tell you any exact steps of what you should be doing in order to be rich 2) He never seems to get to the point. He continues to ramble on about why financial security is important but it basically just stops there. Let me ask you, who out there doesn't want to be rich?. Or be free and independent from the jobs they hate?. I think that's all of us but he's got to deliver better and more concrete action steps than this. Though in truth teaching people to be rich is hard, because everybody wants to make their millions using skills they love to use in the field that they like. Such skills aren't taught anywhere, they come only from experience. All he teaches in here is how to do real estate, which may not be right for the person who wants to get ahead.


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