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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: A little too elementary for this reader...
Review: This book seems to written with a dictaphone some laxy evening after the author had a couple of stiff drinks. The only challege he undertook was to write a book with no research and no guidance for the wanting reader. The book seriously lacks any statistical or quantitative facts and instead opts to focus on a rambling storytelling nature of stories that are based much more on fiction than fact. I would recommend that the author sober up and write something with some utility. The problem with the book is that it has an illuminating title. However, I can assure any future readers that the light will cease upon creasing the bind and peering in.

Rating: 5 stars
Summary: Eye Opening Attitude Adjustment!
Review: My father used to tell me "go to school, work hard, get a good job and you'll be set for life." He kept saying this after being laid off from the aerospace industry. After a few jobs that didn't last, he gave up and never worked again.

I knew this advice wasn't good, but I didn't know the alternative. So, I got jobs, kept slugging away through school in my off hours, and gradually raised my paycheck to 50k a year. Depressed every time I got a job without knowing why - something about seeing that cap on my earnings and the huge chunk lost to Uncle Sam I guess - I'd get out the credit cards and "treat" myself. Between that and student loans, I was soon 50k in debt. Thanks to a severe auto accident, I got out of debt, but was soon back in debt. That taught me that more money isn't necessarily the answer. After struggling for another decade, I found "Rich Dad, Poor Dad" recommended to me by my Mother, who was sick and exhausted by having to support the family with my help.

This book clearly (and somewhat repetitively) explains why the old logic of working for a company until the day you die no longer works. Corporate downsizing is no longer frowned upon, it is celebrated, so to expect to be always gainfully employed is insane. The only way to financial freedom is to move from being an employee, or self-emplyed, to being a business owner and investor. Build a business until you can incorporate. Let your own company buy you cars and houses - they'll be tax deductions rather than liabilities costing you interest payments.

Don't expect this book to give you a clear-cut "this is how to get rich" step-by-step guide. Rather, it tries to change your paradigms and give you a different look at money, the economy, taxes, the rich, and explode certain myths. For instance, Millionaires don't buy expensive new cars and houses, 90% of millionaires buy used cars. I just heard that statistic on the radio the other day, as I was reading this book. It's the indebted middle-class who are trying to keep up with the joneses that buy the showy material things. The smart people are using their money to create wealth and then living off interest from investments, royalties, patents, real estate, etc.

Like it says in "The Matrix" - FREE YOUR MIND.

The book explains the concept of four quadrants of how people earn money and live. The left side is taxed heavily by the government. The right side has tax advantages. The left side is full of liabilities. The right side is full of assets and passive income. It explains what a balance sheet is, and how the money flows when you're an employee (out to someone else) or an investor (other people's money comes to you). It opens your eyes to what a liability houses and cars are, so you stop buying houses you really can't afford just for a teeny tiny tax break. For instance, spending 300k+interest with after-tax dollars just to save 3k a year doesn't really make much sense, does it? But that is the only tax break employees have.

The left side of the quadrant is Emplyee and Self-employed. The right side is Business owner and Investor. The quickest way to wealth is to become a Business owner and within the business start Investing.

I felt the "ah hah!" click in with every chapter. It felt so true, so right. As an employee I have made several business owners lots of money with the materials I wrote while working for them for a pittance. If I'd written them under my own name, for my own sole proprietership, I could have kept all the money and written off all my expenses! Silly me! Sure there's risk but risk is manageable. But I'd still be self-employed, which means to make more money I have to work harder. As a business owner, I can take vacations any time I want!

These are the points the book makes, using great anecdotes and stories from Robert Kiyosaki's childhood when he was mentored by his best friend's Dad. It's very easy to read, almost too easy - anyone from 3rd grade on up can grasp these concepts.

Do yourself a favor and read this book right away. Hurry, because this is only the tip of the iceburg. There's so much more to learn!!!

Rating: 1 stars
Summary: What a crock of .........
Review: The book begins by indicating Robert has two dads. One by birth, the superintendent of Hawiai public schools and his playmate's father. He's caught in a quandry of weather to follow his biological but "poor" dad's financial advice or his friend's fathers. He has come up with a great idea for writing a book. Too bad there are so many errors in regards to financial concepts. Also, this "character" seems to be writing quite a lot of finction that he attempts to pass off as truths. Check out these online resources for more info about this book

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Rating: 5 stars
Summary: Enlightenment
Review: This book is highly recommended by my buddies and after reading it, I'm enlighten. I start working on my plan now.

Rating: 5 stars
Summary: Self-Realization Is The Key For Change
Review: Rich Dad Poor Dad takes a view that at first is disturbing, but the key is to look beyond just the words and consider the lesson. It only takes minutes to realize what is nessasary to be successful and what has been missing from the hard work and effort. Once I started this book I looked at my situation and everyone elses' around me. What I noticed was that I am now able to change my path to become financially independant while everyone I observe will continue to think that aquiring liabilities that resemble assets will set them up in the future, and it will, to remain poor. Don't just look at the little box we're in, look at what UPS truck we are on and where it is headed.

Rating: 5 stars
Summary: This book will open your eyes!
Review: This book is the 1st of the Rich Dad books that I ever read, and it's by far one of the best!
Robert Kayosaki tells you like it is. He explains the way the rich sees things and the reason why they are rich. He then goes on to explain the way the poor and middle-class sees things, and why they are simply poor and middle class. After that, it is pretty much up to you to decided which team you would like to play on. He talks to you the way a close friend would talk, without ever coming accross as curt or condescending.
After reading this book, you will never see the world the way everyone else sees it. Your life will never be the same again.
I highly recommend it to anyone with an open mind and anyone looking to make a grand exit from the rat race and start living the good life.

Rating: 3 stars
Summary: Inspiring but very fluffy
Review: I don't really see what all the hype is about. The book is inspiring and fun, but it's really fluffy. It might be useful to someone who has never invested money before.

If you want inspiration read this book. Once you're inspired, I recommend Millionaire Next Door, which is loaded with useful, factual, non-fluffy material.

Rating: 5 stars
Summary: It Can Change your life and your financial future
Review: This book was recommended to me by a financial advisor and teacher. This book taught many important and valuable lessons that are not being taught in schools today. I am currently taking a business finance course in high school and it does not come close to teaching me the important principles that are taught it Rich Dad Poor Dad. After reading this book I bought Robert T. Kiyosaki's other books. I know more than anyone my age, and many adults also thanks to this book, and other books he has printed. I advise anyone who is looking to open their eyes on their finances to read this book. If you are unsure if you want to go into business, or if you are unsure if you want to invest, I advise that you read this book. If you have no interest in investing at all I advise that you read this book. If you are already wealthy, I advise that you read this book. I advise everyone, no matter what their financial situation, poor, middle-class, rich, or ultra-rich, to read this book!

Rating: 2 stars
Summary: Interesting as a watered down personal autobiography.
Review: Kiyosaki tells the stories of the two men who influenced him the most in his life, one being wealthy and another not so wealthy. The difference lies in their concepts of money. However, this book tips only on the surface of what it is like being financially successful--the reader might feel motivated trying some investment strategies mentioned in the book, only to be disappointed because the book makes little to no attempt to familiarize the reader with regulations and legal procedures, which, according to the book, is the key to successful financing.

This book is not a manual to finance. To take this book with a grain of salt, it is an interesting read of a wealthy person's perspective and his experience of becoming wealthy.

Rating: 5 stars
Summary: Simply Put.
Review: My resume.

I lost everything that I owned, not once but twice, before the age of 36 by making almost every single financial mistake that a person could make (too much credit card debt, repossessions, tax liens, etc.). I consider myself to be the poster child for financial ignorance.

What is funny is that I am far from being stupid or lazy. But I was extremely ignorant and arrogant about money like most of us, until I read this book. Losing everything you have twice makes you stop and think about what you're doing, and more importantly, why you are doing it. We are not taught what is in this book in high school or in our higher institutions of "learning". Why is that? I am not saying that the book is a cure all, but it is a very good start in helping someone to educate themselves. Now, I can say that I know what money is and what is not; and this knowledge thanks to Mr. Kiyosaki has greatly improved my financial literacy and understanding. He makes points that make sense because he explains why we can work so hard for so long and end up with nothing to show for it.

As a result, I have made the study of money a top priority in my life and I try to help as many people as I can understand how to think about money and how to use it wisely. The other books in the Rich Dad, Poor Dad series are also must reads.

In my studies I have read a lot of information concerning banking and the history of money, especially the history of the Federal Reserve and the Federal Reserve Act of 1913. More info on this can easily be found on a good search engine, like Google.com. Rich Dad, Poor Dad is definitely a must read book. The more I study other sources of information, the more I get out of the book. I have read it now about 5 times. It's simple. It works. I am applying what I learned and it is working. IF anyone tells you anything that's different, they're either in denial or flat-broke or both. On top of that, they are easy prey for those who make a "good living" exploiting the ignorance of others.

Robert Kiyosaki has done good by me. If you read the book and do what he says, he'll do good by you too. 'Nuf said.


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