Rating:  Summary: I Enjoyed This Book Review: This book does alot to change the way you think about money. Although the story telling gets a little dull at times, I found this book very informative.
Rating:  Summary: I wish there was a 0 star rating Review: Biggest load of ... I've ever read. The errors and unsubstantiated claims are too numerous to mention. The two biggest omissions are the name of the "Rich Dad" and what Kiyosaki's actual investments are that have supposedly made him so rich. The only people who will ever make any money on this book are Kiyosaki and his publisher. Snake oil at it's finest.
Rating:  Summary: Excellent reading Review: I really enjoyed reading "Rich Dad". Besides presenting a few valuable concepts likely to really help the average guy improve their attitude towards money and getting rich in important ways, I really liked his insights into how most of us are brainwashed into building a view of life very much like that of the poor dad's. I think there's absolutely nothing wrong with living like that, except that most people who go that way are not usually given the choice... (Which is why I think the poor dad was also pretty cool to recognize his limitations in this direction and send his son to the rich dad for advice.) After finishing the book I checked out the free audio downloads you can get at the poor dad website, but I was disappointed. Both the materials and at least a couple of other books that followed this great market success seemed (like it happens so often) very "commercial", with very little to add and mainly intended to exploit the newly-acquired prestige of the author. Maybe some useful factual information in "Own your own corporation" and "Real Estate Riches" from the same collection (actually written by other authors), but you may still want to consult a professional before you decide to swing into action...
Rating:  Summary: Not everyone truly wants to be rich, but if you do... Review: Robert Kiyosaki had the good fortune of having two dads: his biological father and his best friend's father, both of whom had opposing views on finances and building a financial future. His "rich dad" went on to build a billion dollar empire. His poor dad rose to the top of his profession, yet died poor.Kiyosaki pulls no punches when he delivers hard-hitting financial advice that he learned over the years from his rich dad. These aren't "get rich" or "make lots of money easily" tips, but rather a system that takes careful planning and tough choices but, if followed, will change your life. keep in mind that this book is a primer for investment strategy. Kiyosaki does not lay out a step-by-step plan for accumulating wealth, but rather focuses on building the right foundation on which you will build your own wealth. Contrary to what other reviewers have said, Kiyosaki does not encourage people to quit their jobs and not go to college. He actually encourages both -- explaining that experience and knowledge are important. Kiyosaki spends a great deal of time insisting that individuals take classes, read books and use tax/legal advisors to help build their empires from the ground up. With that said, I've spent years studying investing strategies and the ins and outs of building companies so that I could make a move into self-employment and eventually financial independence. My drive to not waste my life making other people rich has been something that's been at odds with my own father's philosophy and that of most people I've known. Kiyosaki says it is this very attitude that seperates the rich from the poor and he takes his time explaining how. The knowledge I've gained over the years in investing and company-building now has a new perspective: Kiyosaki teaches you not to work for yourself, but rather have your money work for you and make you rich by acquiring assets rather than liabilities (sounds simple, but I was surprised by how many people don't understand the difference between the two). There are a lot of books out there that try to teach you to be rich through being cheap, or how to make money quickly by day-trading or just about anything else. THIS IS NOT ONE OF THEM. Kiyosaki will help you build a foundation on which your fortune can be built, but it takes time and commitment on your part. Most people are turned off by that concept and will spend the next 20 years trying to find a get-rich-quick plan, rather than just gradually building up their empire over that time span. Kiyosaki concedes that you can save your way to wealth, but why? What's the point of spending years building financial independence and not enjoy the fruits of your labor? At the same time, Kiyosaki's strategies teach a healthy mix of self-control and wise-investing. This book isn't for everyone. If you are willing to learn a new way of thinking and are willing to take some risk and serious commitment to your dream in order to meet your financial dreams, then this book is for you. If you want to play it safe and go the "tried and true" route, then don't waste your time on this book. The "tried and true" route is the one that keeps everyone else in debt and away from their financial dreams. If that's your way of thinking, I'd recommend saving your money on this book and putting it toward your retirement fund.
Rating:  Summary: very good Review: Very good. Read it. Live it. Refer to it. This book will change your outlook on money and work. This is not a how to book, rather this is the what to do before you read a how to book. This explains how to expand the CONTEXT of your mind as well as the CONTENT in your mind. Very inspirational by making things that seem difficult to grasp appear to be a bit more attainable. Just read it.
Rating:  Summary: An appropriate INTRODUCTION to your financial education. Review: I rated this book as four stars. I do not rate books 5 stars as that is indicative of [almost] near perfect...very few writings fall into that category.---This is a favorable book because it accomplishes exactly what it should-the author initially establishing himself with the reader. This book was not meant to go into great detail, but rather to introduce the authors basic philosophy-and more importantly..to prepare you for his more advanced books.-IF YOU ARE MATURE ENOUGH TO LEARN FROM HIS INFO INSTEAD OF GROWING TO ... WORSHIP HIM...YOU WILL GROW FROM WHAT HE HAS TO OFFER There are 2 types of people who purchase this book-and only two types-1)you will use his educational materials STEP by STEP to make REAL advancements-OR 2)you will become a great fan of the author, likely buy many of his materials...and use these materials to comfort yourself..never taking any steps to accomplish what he intended his readers to. ...Fortunately, 5% or so of the people that read what he has to say DO accept his criticism and put it to good use. Cashflow quadrant builds on book 1 and his new books continue to advance accordingly He is a very skilled teacher in that he makes learning fun...the DOWNSIDE to that .is all the people that are thus attracted to him with no intention on DOING anything.
Rating:  Summary: GET A DEGREE? NOT INTHIS LIFETIME! Review: I REally feel sorry for people who criticize the flawless ideas presented in this book! INstead of focusing on "how" the book was written or the story about his two dads, they should focus on "WHAT" he is actually saying about poor people and their industrial age thinking! QUICK QUESTION. WHats more important a college degree or a high financial IQ? People stuck with the same stupid, dumb, idiotic belief that college=success will say that a college degree is all you need. Poor souls i feel for them! College is a resume builder no more no less! It has nothing to do with being rich! WHy dont people see that? Oh i forgot, it probably has something to do with what their parents taught them, and what their parents parents taught them. Wake up FOLKS! MONEY CAN BE YOURS but only if your ready to LEarn the "RIGHT things" and not what school teaches you.
Rating:  Summary: Great books RTK Review: I just purchased Rich Dad, Poor Dad, Retire Young, Retire Rich and Rich Dad's guide to investing. I also have the tapes from RD, PD, CFQ, and RDGTI. These excellent programs by RTK have already made a profound change in my personal and financial life. They are a must for anyone who wants success.Two others are Millionaire Next Door and The Millionaire Mind.
Rating:  Summary: Financial Hucksterism as a Successful Sales Gimmick Review: For the uninitiated in properly managing their money, this is a dangerous book. While much of the author's story is nothing more than an extended homily that preaches a do-it-yourself, get-rich-quick mindset, what little he does specifically recommend is mostly wrong. You can almost pick a page at random in the book and come up with something that is silly, contradictory, or simply in error -- sometimes outrageously so. An example is on page 66/67: "Rich dad went on to explain that the rich know that money is an illusion.... He talked about the gold standard that America was on, and that each dollar was actually a silver certificate. What concerned him was the rumor that we would someday go off the gold standard and our dollars would no longer be silver certificates.... 'When that happens, boys, all hell is going to break loose....' We really did not understand what he was saying that day, but over the years it made more and more sense." Kiyosaka hits the trifecta here. He is wrong, contradictory and silly (but, thankfully, not illegal). First, money is not an illusion. Nations and people -- rich and poor -- cannot conjure it out of thin air. But if money was an illusion as Rich Dad suggests it is, then why worry about it being taken off the gold standard? And as the U.S. went off the gold standard in 1971 without the system breaking down, the author will have to explain how Rich Dad's comments "made more and more sense" over the years, when they should have made less and less. This is an unimportant example, picked at random, and has more to do with economics than with personal finance. But it's indicative of Kiyosaka's approach throughout the book. On page 231, he writes, "What I find funny is that so many poor and middle class people insist on tipping restaurant help 15 to 20 percent even for bad service and complain about paying a broker 3 to 7 percent. They enjoy tipping people in the expense column and stiffing people in the asset column. That is not financially intelligent." The comparison is inapt. 15 to 20 percent on a meal (usually a pittance) and 3 to 7 percent (potentially a significant sum) brokering a real estate or stock deal is in no way comparable. A person with some free time can significantly cut down their expenses by cutting out a broker if they so choose. And why would anyone in their right mind pay a stockbroker 3 to 7% when you can get just as good of results or better for under 1%? Kiyosaka's book is filled with landmines for the unwary. I'm startled and a little frightened that it became a bestseller. It's an example of how successful salesmenship of a personal finance book has absolutely no correlation to the quality contained in it. If you feel you must buy it, look up John T Reed's well-researched and thorough evisceration of the author and his claims before you actually pull the trigger.
Rating:  Summary: Not much substance Review: Vague, general, rambling. There are a few solid nuggets of advice, but they are far between. This book is little more than a pep talk for absolute beginners. If you're older than about 22, or if you have any experience at all in business or investing, this book probably is not for you.
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