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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: 4 stars
Summary: It's all about assets and liabilities...
Review: The state of education about the TRUE path to economic success in this country is truly appalling. Not that this is anything new, it's been that way for decades at least. But, this book is an excellent first step in breaking through this barrier. The basic message of the book is, really, extremely simple. Your money must be made to work FOR you if you ever expect to truly get ahead. We all need to buy a car, house, etc., but these things (house included) cannot truly be considered assets because they are not bringing any more money into your bank account. It's necessary to invest your money in ways that will cause it to return a profit to you. Anything else is essentially flushing money down the toilet.

You won't get rich overnight following the lessons in this book. But, for those of us who are still fairly young and can reasonably expect to have a couple of decades to work on building up our financial resources, the lessons here are invaluable. My wife and I have both read it, and you can be sure that we will teach these lessons to our own children before they go out there and jump in to the "rat race".

Rating: 4 stars
Summary: Did I like Rich Dad Poor Dad? Yes I did.
Review: I thought this book was very well written and explanitory. It helped me to understand certain things about the economy and managing my money. It was, however, repetitive in some places but that was easy enough to overlook. All in all reading this book made for a good learning experience and an enjoyable read.

Rating: 5 stars
Summary: Sage if Buried Advice
Review: The story of little Robbie growing up is dull, pandering, paternalistic, and often outright boring, however the advise Kiyosaki gives is startlingly bright. I found myself scanning past most of the "story" to get to the point of each section, but the point was worth it. After reading the book I felt almost as if I had been taken, for the good parts could have been condensed into a short booklet but Robert would never have gotten his sale price for such a small publication. At the same time, the information in this book should be in a large package for it is valuable. If there was a book equivalent to the packaging of software (a small CD in a big splashy box) then it would get close to how this book should be formatted. However, no such thing exists so you will have to wade through some painful prose to discover ideas that could very well change your financial perspective completely.

Rating: 3 stars
Summary: If you want to be rich, read this book -DON'T BUY
Review: First of all, I should say "Robert is a good story teller!"

Following facts are very obvious if you read this book completely.

1. There was actually nobody called Rich Dad for Robert.
2. Robert is not yet retired. His new business is making millions
by writing books on personal finance!
3. He borrows ideas from best selling books,compiling those ideas
nicely with the help of a story and repeat the same many times.

So if you are a good reader, go to a bookshop (...) sit there, finish reading ....and start thinking how to write a best selling book!.

Rating: 5 stars
Summary: An ABSOLUTE winner!
Review:
Although this book is Robert Kiyosaki's second release, it was his first BIG SUCCESS worldwide. This is the one the really put him on the map, so to speak. Book #1 was a good seller, but this one blew it away with spectacular sales.

I first brought and read this book several years ago, and although the old brain's a bit fuzzy as to all of its contents, I do remember thinking how great this book was. In fact, I believe every school child from high school onwards should be made to read this book, and discuss it with their peers. The only problem with that idea is that most education departments would sooner cut off a finger (metaphorically speaking) than expose their students to the contents of this book (and Kiyosaki's first book: "If You Want to Be Rich & Happy : Don't Go to School? : Ensuring Lifetime Security for Yourself and Your Children" ).

In short, this book blows away all the GARBAGE pumped into the heads of our children, right through their complete educational program, about what it takes to achieve financial security and success in the REAL WORLD! Contrary to popular belief, our educational system is designed as a giant employment training agency. Schools don't teach our children how to cope in life and to take care of themselves. Schools are designed to produce good employees. Sounds almost like a conspiracy theory doesn't it? Think about it. Why do people strive to get good grades in school? To get into a good college. Why do people want to go to a good college or any college? To get a good "education" which really translates into a good job.

Robert covers that topic really well in book #1, but once into Rich Dad, he moves into a discussion of what the differences are between how the rich think vs the poor (and what they teach their kids about money). The premise behind the book is that when Robert was growing up as a young boy, his best friend's father was a wealthy businessman who took Robert under his wing (along with his son Mike, of course) and taught him everything he knew about wealth and money.

The important part of this book (and the theme carries on through out Roberts later books) is the way in which he shows the differences between "Rich thinking" and "Poor thinking" by using his own father - his Poor Dad - as the counterpoint to the lessons of his "Rich Dad".

Now, before you jump to any misconceptions, Robert is NOT using this forum to beat up on his father's viewpoint. He obviously loved his father very much, but he also realised that his father (a very successful education professional) did not understand how his own upbringing and entrenchment within our outdated and ineffective educational systems had limited his income earning capacity.

This book is NOT really a "How To" manual, with ways in which to make your first million. Rather, it is more of a WHY book - explaining why things happen because of the choices we make, and the information we are taught as children, then adults, in our world today. He advocates educating our children with financial literacy, rather than just rote memorising facts and figures in anticipation of a job in their future.

As I said above, it's been a few years since I first read this book, so my recollection of its more important parts is a little fuzzy, but I guess the bottom line is I enjoyed it so much, I went out and brought his next 2 books sight unseen - so impressed was I by the content and message of this book.

This book is an essential for ANYONE wanting to achieve financial security, regardless of their path. It explains the mindset of the rich in such a way that you can easily make the shift necessary to start doing things the way they do, and achieve your dreams and goals sooner, rather than never (which is the alternative for many).

TheProfitCoach gives this book an unreserved 5 stars!

It's a MUST HAVE in every person's personal library.


Rating: 5 stars
Summary: Great book for changing your outlook
Review: This book is a great first step to anyone wanting to start their own business. It introduces a new way of thinking that is contrary to many of the things that are taught in the public school system. Mr. Kiyosakis' ideas are very simple and basic but, very true. This book introduces a profound change in perception of money and working. This is a great book.

Rating: 4 stars
Summary: Fabulous advice
Review: Rich Dad, Poor Dad is a very well written thought provoking book on how to make it in today's business world. Kiyosaki is a very good writer and teaches financial knowledge very well through the use of simple diagrams. I thought it to be very interesting that a well educated person is not necesarrily the one who is going to make it in life. You have to know how to make money work for you rather than work for money. Kiyosaki provides clear and easy techniques with explanations on how to become more financially knowledgeable. Best of all, you could implement all of these techniques tommorow! Very interesting book. Well written.

Rating: 2 stars
Summary: A nice book for kids or investment newbie
Review: If you haven't read this book yet, basically the main points of this book are :

1. School education only teaches you how to work for money,
or to be a good , even outstanding employee. If you wanna become rich, spend time on your financial education , and let the money works for you -----> invest in asset, not liability.

DUH !

2. Invest , invest, invest. Keep your cash flowing !

That's it ! But the question is How ?

Success is always a combination of knowledge, experience and opportunity, Most of the concepts in this book are common sense.
No need to use a whole book to explain them. use one formula:

Go to school --> Get a stable job ---> Use as much
salary as you can to invest in asset --->keep your cash
flowing ( which is not guaranteed ) ----> TA Da, you're rich.

sounds easy, isn't it ?

After I read the book, shower with all the concepts about money,the final conclusion and "secret" foundation to become rich is : take some classes on investment, spend money and time
on books or video of investment, Fin laws, the market.

This book is only good for kids or financial newbies who
wanna have a general idea about investment.

Rating: 4 stars
Summary: Information at your access
Review: This book takes potentially boring information and presents it in an interesting and informative way. If you follow the tips provided in this story you will economically prosper. I recommend this book to any future entrepeneur who is interested in bring up their income and maintain the same workload as before. This book shows the difference between assets and liabilities and with the knowledge gained in this easy to read story you are likely to make lots of money.

Rating: 4 stars
Summary: Wealth Made Simple?
Review: Rich Dad Poor Dad is filled with interesting ideas on how to become rich. From reading this book, Kiyosaki pounded the idea into my head that school will not make you rich and you must be financially literate to successfully have "money work for you instead of working for money". Believe me, the explanation of this is not brief in any possible way. His repetitive statements at first were bothersome, but it really helped my understanding of the points he was trying to get across to me, the reader. I learned some valuable things from this book that hopefully will strengthen my skills when I eneter the working world. The biggest problem with this book was that after reading it, I realized that Kiyosaki's approach to wealth was now the same approach as everyone else who had read the book. It is disheartening to know that the secret to success is not quite a secret anymore.


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