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Summary: Interesting out of the box ideas
Review: This book challenges conventional thinking about making money. I don't know that I agree with all of it and I wouldn't tell my son to agree with all of it, but it's worth reading. I think it is more important to teach your kids how to think correctly so that they can define their financial goals and take the most constructive actions to achieve them. I suggest Optimal Thinking by Rosalene Glickman PhD as the superlative book on this issue
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Summary: Eye Opener - To Accumulate Wealth
Review: This is great book if especially one is involved in the Rat Race
of Earning, Paying Taxes and Spending whats left, in short you never see your money accumulate or work for you.I would recommend it to everyone who really wants to be wealthy in the long run.
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Summary: What would rich dad think now?
Review: I wonder what rich dad's advice is now with the recent economy? His ideas and principals are valid, but with the uncertain times we all face now it will be harder to make money compared to the market when the book was written. Investing in the market is gambling pure and simple, you could have done everything right for years and made one mistake by being heavy into one of the corporate scandal companies and then what? All your hard work down the drain. I would like to see a sequal to answer these questions. Check out Rat Race Relaxer: Your Potential & The Maze of Life, it offers helpful stories and advice for surviving in the rat race.
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Summary: Thought Provoking
Review: This book (and several others written by Kiyosaki) have changed my way of thinking about money, wealth, jobs, business ownership, investing, etc. Little changes bring about rewards beyond belief. I am still working on making my first million but I have no doubt I will make it - thanks in part to this book. I bought a copy of this book for all my friends and each of my children. Most people thought I had went off the deep end (some still do!) but I caught the fever of wanting more and haven't looked back since. I continue to recommend it to young people that have the slightest interest in creating something phenomenal. Many "schooled" people and others who grew up around money education have scoffed at the simplicity of this book. But for those of us who never learned about anything more about money than trying to pay the bills every month, this book has been a revelation.
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Summary: Good, but with glaring ommissions & flaws
Review: Once again another book telling Americans how to get rich. May I make a suggestion? One of the best ways to get rich is to write a book on how to get rich & rake in those sales receipts. I have some serious problems with this book. For a start there is incredible verbatim reproduction of conversations this author supposedly had as a 9 year old kid in the late 1950s. With a memory like that he's already incredible, or he made detailed notes at the time, or he's making it up. Hmmm, tricky one to call isn't it? Next there is the usual hype of being self employed. Neatly it sidesteps the well known facts of life regarding self employment; going into business for yourself is one of the best ways of losing money known to man. No one would take $25,000 & bet it all on black at the roulette table & yet time after time people seem to think that starting a bussiness with similar amounts of money is a good idea. Yet the odds aren't that much different. I also know people who drive around all their life without wearing a seatbelt, convinced that they don't need to do so because they're a good driver. Most of the time they get away with it, of course you can imagine what happened to the rest of them. For those who manage to get self employment to work for them that's fine, but it is a self fulfilling philosophy. They believe it will work & feel vindicated when it does. But they forget that plenty of others now living in trailer parks also believed it would work. I know self employed people who never make a profit, or struggle for years on end, even one who lost all his money, his house, his car, his marriage & everything he had. He lost so badly he never recovered (15 years later he's still pretty much broke) & probably never will. Yet he was regarded as astute & likely to succeed! He was taken down by factors no one expected & didn't see coming. Such is the world of self employment, populated with a few rich people but mainly full of those who've failed. Financial awareness, frugality, investing & plain common sense are good messages. Too often the advertising of modern America pushes us to consume beyond the ability of our personal finances to sustain (buy this if you want to be happy! SPEND! SPEND!), with painful results. This is an important point that must be learned & this book covers these ideas, but insufficiently. However if everyone followed the advice of this book no one would work for anyone else. We would have no factories, meaning no US made cars, ships, aircraft or electronics. Bridges would be imported, we would have incredibly expensive fuel prices as small business man after small business man made up the production, refining, distribution & retail chain instead of the super efficient system we have today (regardless of other issues it is efficient). Lastly there is the usual Looney Right Wing moaning about taxes. This sounds incredibly selfish & out of touch after the events of 9/11, the firefighters, police & ambulence of this country don't get paid enough. Where does the money come from? Taxes! People don't want to pay taxes but they still want their services & security & they want it NOW MISTER! It is begining to make me sick listening to this kind of tripe. It is not as if "cutting taxes" saves you any money. As has been pointed out if you save $500 a year in taxes but the police get cut & you have to spend $1000 on house, car & personal security sytems, what's the point? It is the same if schools get cut & you end up spending $5,000+ a year PER CHILD on private education for your kids so they can get decent schooling. A pity this book doesn't cover that! But then the self centered Right Wing of this country never likes to talk about such things. Again this is a book that is basically sound in some of the advice it offers, but fundamentaly flawed in it's outlook.
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Summary: Best book I ever read
Review: Excellent book, you will not regret buying it. You'll learn so much
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Summary: The best financial book available today
Review: Rich Dad Poor Dad is the very best book available for those who want to become wealthy or at the very least, attain a moderate level of financial freedom. I think some people miss the point and think this is a "get rich quick" book. Clearly, it is not. You can get rich quicker though and this book explains how. No book stays on the best seller lists this long. Has this many 5 star reviews with continuing high book sales without having something worthwhile to share. And what about the 1 star reviews? I suspect that this is just 1 person constantly reposting. Same unsubstantiated complaints against Kiyosaki. Same website keeps getting mentioned (how often do you see a 5 star reviewer hawking a website?) Their arguments are unsubstantiated and without base. Do what I do...don't read them. Rich Dad Poor Dad is an excellent book and I highly recommend it. B. Hinds author of Power Wealth
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Summary: The basis for all success
Review: Philosophy is the basis of all success and this book is big on philosophy, the right philosophy to become wealthy. What Kiyosaki says may not coincide with what you were taught by parents, teachers and typical mentors, but it is how the real wealthy think and it is how they became wealthy. Before you take advice from someone ask yourself this question; "Do they have what I want?" Kiyosaki has what I want: Acquisition of real wealth via integrity
Teaching others how to do the same
Financial success and freedom.
And a whole lot more. Care to join me? Then start by reading this book.
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Summary: the real meaning of money
Review: Rich dad poor dad, by Robert T. Kiyosaki with SHaron L. Lechter, thought me good lessons: 1)The Rich don't work for money, 2)why teach financial literacy? 3)mind your own business 4)the history of taxes and powers of corporations 5)The rich invent money and 6)work to learn-Don't work for money. These are really good lessons, becuase they teach you things that happen in the real world. Rich dad, Poor dad, explode the myth that you need to earn a high income to become rich, challenge the beliefe that you house is an asset, show parents why they can't rely on the school system to teach their kids about money, Define once and for all an asset ant liability and teach you what to teach your kids about money for their future financial succes.
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Summary: Is anyone actually succeeding by following this book?
Review: Okay, I'll admit it. I want to be financially successful. I'll admit another thing: given the choice between becoming wealthy quickly versus slowly, I'll take quickly. I also would like to be in top physical condition; however, just like becoming financially wealthy, achieving that goal takes knowledge, planning, discipline, dedication, and time. I read "Rich Dad Poor Dad" twice, looking for solid ideas that I could apply towards my financial goals. I found none. Kiyosaki advocates ideas that range from the patently obvious to the foolishly high-risk to the illegal. I was disappointed to learn that Kiyosaki later admitted that the "Rich Dad" character is a fictional character. I was even more disappointed to learn that Kiyosaki also made up most, if not all, of his financial success stories, with the noted exception of his selling his books, seminars and related products. I have spoken with a number of people who have read Kiyosaki's books, and not one of them has improved their financial condition based on Kiyosaki's ideas. Thankfully, I don't think anyone I know actually tried to imitate the strategies in this book. Do some checking on this -- no need to take my word on it. You will find many sad true accounts of people getting burned monetarily from trying to do what this and Kiyosaki's other books suggest. Question for all the 5-star reviewers bashing the 1 and 2-star reviewers: have any of you actually followed the ideas in this book and, if so, have you had any real, quantifiable success in doing so?
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