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Rich Dad's Rich Kid, Smart Kid Abridged

Rich Dad's Rich Kid, Smart Kid Abridged

List Price: $24.98
Your Price: $16.49
Product Info Reviews

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Rating: 4 stars
Summary: rich kid smart kid
Review: I really enjoyed "Rich Kid Smart Kid", it changed my whole views on my financial outlooks on life. Before reading this book I wanted to save all my money but now all I want to do is invest. Kiyosaki gives his reader simple yet effective ways for teaching your children to save money. When I have childre, I will definately read rhis book again and use it as a guide line to ensure my childs financial future!

Rating: 5 stars
Summary: Simple Common Sense, Nicely Presented
Review: Rich Dad's Rich Kid, Smart Kid: Giving Your Children a Financial Headstart is one of those books which present information that you should know, that you "do" know, but somehow do not always follow.

There are simple yet effective strategies for teaching your children about money, long before they fall into the common financial traps in the world. The book is nicely organized, easy to read, yet provides a good amount of information and material that is comprehensible to all readers.

The book is worth the time to read and to have your children read it.

Rating: 5 stars
Summary: Book Summary
Review: Our current education system fails to adequately teach our children the financial skills necessary to survive later on in life. Robert Kiyosaki wrote Rich Kid, Smart Kid to fill those gaps. The fundamental premise of the book is that all children are born smart and rich. The goal of education is to bring out that natural genius within our children. Awakening this genius inside of us is a sure way to become happy. Therefore, being happy through realizing our innate potential is more fulfilling than being rich and unhappy. Rich Dad said, "If you are not happy while getting rich, chances are you will not be happy when you get rich. So whether you are rich or poor, make sure you are happy" (14).

The root of the current problem lies in America's transitioning from an Industrial society into an Information society. Kiyosaki explains the need for transitioning our thought, "In the Information Age, what you know becomes obsolete very quickly. What you learned is important, but not as important as how fast you can learn, change, and adapt to new information" (xi). These structural changes tangibly affect us regardless of whether or not we acknowledge them. Some of the problems facing tomorrow's youth include social security, healthcare, increased risk of obsolesce through increased specialization, and the need for lifelong education. Education must adjust with the times.

Currently, our education system teaches scholastic and professional skills. Scholastic education focuses on the ability to read, write, and do arithmetic. Professional education trains students for high-level careers later on in life. However, this Western brand of education fails our children in some crucial ways. Rich Dad said, "The child learns by doing, making mistakes, and then learning" (238). It's failure lies in its unconscious suppression of the innate genius within all of us, and by dismissing the role mistakes play in the learning process. This happens when our education system forces us to conform to what is only a partial definition of what intelligence is.

Financial education should be taught as soon as the child demonstrates some interest. While this may happen as early as five years old, more commonly a child's perceptions and self-identity is formulated between the ages of nine and fifteen. It is crucial to form the child's perception concerning money in a positive light during these ages. Encouraged by a famous Chicago-based study on learning, Kiyosaki believes, "...a parent's most important job is to monitor, guide, and protect a child's self-perception" (109). As a parent, the process begins by devising a "winning formula" for your children.

The formula Kiyosaki recommends should be tailored to each child based on their interests and which of the several types of genius they possess. Success requires having at least a winning formula for learning, for being a professional, and for financial success. We must be flexible enough to adjust our winning formulas when conditions render them losing formulas. The next step involves homework. Rich Dad said, "the primary difference between the rich, the poor, and the middle class is what they do in their spare time" (50). Kiyosaki recommends teaching financial literacy during your spare time.

To better serve the greater majority of students who fall through the cracks schools must adopt new teaching methods that engage students not just mentally, but also physically, emotionally, and spiritually . One way to achieve this in the classroom is by playing games. Games engage all our senses and reinforce learning. At home this entails teaching your children through pictures, games, and real life examples. Kiyosaki encourages parents to set-up three piggy banks for their children for tithing, saving, and investing. Parents should also expand their child's financial vocabulary. Appendix A and B offer many practical lessons that parents can immediately use with their children.

The larger goal to be achieved is to reorientate the way we view business and wealth. Kiyosaki says, "...if you want your children to be rich, teaching them to serve as many people as possible is a priceless lesson for them to learn" (197). Echoing the message of management guru, Peter Drucker, the primary purpose of business is to create a customer first, then to make a profit. This new perspective teaches our children and us that commitment to the public good is not incompatible with making a profit. In fact, it may be the best way to achieve social harmony. Everyone wins when we seek to develop our own unique genius and parlay our ability toward serving others while simultaneously enriching ourselves both personally and financially.

Rating: 4 stars
Summary: A Smart Plan For The Future
Review: Although this is the first economic based book I have read, I have found it to be very informative and enjoyable. Kiyosaki does a good job at using a style of language that is very coherent and easy to understand. His view are balanced by contrasting his "rich and smart dads."
As a young man without much experience using economic terms, Kiyosaki was able to use real life examples that made the learning so much easier. Although this book was directed to parents to help their children start ou in life on the right path financially, I found it, as a senior in high school planning to go to college and grow up, to be extremely usefull.

Rating: 4 stars
Summary: rich kid smart kid
Review: I really enjoyed "Rich Kid Smart Kid", it changed my whole views on my financial outlooks on life. Before reading this book I wanted to save all my money but now all I want to do is invest. Kiyosaki gives his reader simple yet effective ways for teaching your children to save money. When I have childre, I will definately read rhis book again and use it as a guide line to ensure my childs financial future!

Rating: 1 stars
Summary: Instant Replay
Review: Thank goodness it wasn't in slow-motion!
This is the fourth book of Mr. Kiyosaki's I have read. The ideas in all of these books could have fit in to one.
So why read this one? I couldn't tell ya

Rating: 3 stars
Summary: Great Book
Review: This book was very insightful to parents all across the world. It teaches parents that in order to be successful in the financial world and the buisness world, you have to have a good education. (...)

Rating: 4 stars
Summary: Rich Kid Smart Kid
Review: This book is good if you want to know how to become rich and succesful. It's the key to help parents teach their children how to become financially stable. Its divided into three parts and in each talks about different methods to becoming successful. Although it repeats itself many times it proves the point on how to become successful. He writes about how if father had a good education but was poor. It also explains that you don't need an education to be rich, the only thing you need is to know how to get rich or the methods that help you to do so. This book guides you towards that directon.

Rating: 5 stars
Summary: A review by John Kennedy
Review: I liked this book because it teaches the reader how to teach their children about money and how to use it. By giving the child such things as power of his/her money can help the child learn instead of giving an hour long lecture about saving. This book also advances on what was said in the first one "Rich Dad Poor Dad" by puting the reader in the teachers seat instead of the students. So in the long run both the partent and the child is learning from this book. And that is why I gave it five stars.

Rating: 4 stars
Summary: Strategies forfinancial head start
Review: Kiyosaki wrote this book to give parents financial strategies on how to give their children a financial head start.The book is written in three parts. The first part ocuses on financial and academic education. The second part focuses on helping parents give their children a head start for their journey to financial literacy. The third part tells parents ways in which they can find out how to educate their children best. He talks about his two fathers; his real father and his rich father. His real father told him to get an education to obtain a good job. His rich father always told him that he had to make his money work so that he would never be in debt and that way succeed. Overall it gives strategies to become wealthy by managing your money correctly.


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