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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

List Price: $16.95
Your Price: $11.53
Product Info Reviews

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Rating: 5 stars
Summary: Must Read for Doers. Wishers leave it alone...
Review: Absolutely the hottest thing for people who are looking to dosomething about their financial position in life. Robert, his teachings, and his books are already helping thousands do that...You'll find people making money with no money. It doesn't take money to make money. That's one of Robert's major points. It does take a willing mind. I don't remember the $52,000 endowment from a friend that another reviewer refers to (in fact, I didn't really remember anything from the book that supports what that reviewer said -- she may have the wrong book). But this book and the two that come after it (Cashflow Quadrant and Rich Dad's Guide to Investing) are worth way more than their weight in gold as far as financial literacy is concerned. As far as it not being practical for those starting out, I am just starting out. This week I came upon a real estate deal that stands to make me $40,000 when it's finished with none of my own money down. To do this, I stayed up late (as late as 5AM) to get tons of help from people on the discussion forums on the richdad site who have completed similar deals. I also watched two other people on Oprah tell of successes using Robert's principles. One increased his income per year by $52,000. No, his "friend" didn't give it to him. He did it himself. Now if all this sounds like too much work, then don't bother. You won't be willing to do what he recommends. Keep watching "Who Wants to Be a Millionaire", buying lottery tickets, and wishing. Keep working 2080 plus hours per year for a paycheck that averages about $30,000 per year (in the US) and let the government keep taking half of it. As far as the book being "poorly written", heck it was written well enough for me to understand it. Rich Dad didn't finish high school so he probably didn't know how to dissect a sentence and tell you what the verbs, nouns, adjectives, etc are. Since Robert finished college but learned how to become wealthy from Rich Dad, he probably knows but doesn't care. I learned a long time ago to see beyond typos, gramatical errors, and spelling errors to find the real wealth of knowledge underneath. My gosh, this isn't a high school test, this is LIFE. Which skills do you want more ? Ones that set you free or ones that keep you in bondage ? This book has a ton of the stuff that'll set you free if you're willing to listen, learn, and do. If not, then fine. I'd also ignore all the other wealth building books because they don't have the get rich quick formula either. You'll smell work in every one of them. If you're looking for a handout, that smell will make you want to throw up. The reviewer that wrote the bad review is right that we probably won't see a bunch of new millionaires from the book. Most people won't do the work. A lot of people will read Rich Dad Poor Dad, put it down around 11PM, say "must be nice" roll over, go to sleep and continue in the rut the next day. Home to work to home to work to home to work to home to work to home to work to home. TGIF, pay bills, buy lottery tickets, watch Who Wants to be A Millionaire, do it again. For those that are inspired as I was, to become financially literate and financially free, read on and know that there are others out here like you who will move forward and become millionaires. The next two books have tons of info on the doing part. So does the website.

Rating: 5 stars
Summary: Really Hits Home!
Review: Wow! What a real eye-opener! This book has really helped me change (for the positive) the way I viewed my finances.

I have read both "Rich Dad, Poor Dad" and "Cashflow Quadrant" as well as listened to some of Robert Kiyosaki's audio tapes. What really impresses me about this book (as well as his other works) is that Mr. Kiyosaki has actually used the principles he writes about to become financially independent himself...as have many of the people he associates with. These are not just theories from some "brilliant" (and probably broke) economics professor or accountant, but tried-and-true methods for creating true wealth from someone who has done it! Personally, I'd rather follow the teachings of someone who has already accomplished what I want to achieve. (Honestly, why waste your time "learning" about finances from anyone who is not already wealthy?)

Mr. Kiyosaki recommends a number of other books to read at the end of this book. I have also started reading them, and am impressed so far by his recommendations. (I recommend these also!)

If you are looking for a "get rich quick" scheme, you will be disappointed by this book. True wealth does not come overnight, as any wealthy person with tell you. It takes effort, time, and commitment.

I have the utmost respect for the author and highly recommend this book to anyone serious about achieving true wealth and financial freedom. I also look forward to reading one of Mr. Kiyosaki's other books very soon: "Rich Dad's Guide to Investing".

Enjoy - you owe it to yourself!

Rating: 1 stars
Summary: This book is a joke right?
Review: Poor writing with no practical advise at all. A few common sense ideas that you already know. Don't waste your money, this book is a liability not an asset!

Rating: 3 stars
Summary: Nice Start - good base
Review: The first 75 pages are tough to get through, but I would suggest the book for the people looking to build a base for financial sense. Did not enjoy the last 15 pages of Cash Flow infocommercials. Just like anything, if you can learn a few good ideas - its worth reading.

Rating: 5 stars
Summary: Eye opening experience
Review: I watched him on the Oprah Winfrey show and was amazed by his story of sucess and how it helped others. After reading his book I realized that this one book was my key to financial freedom that I had been longing for. I read this book in one day which I never finish a book in one day. It is a book you just cant put down with fun stories that help you learn more about cashflow and how to increase it. The illustrations are an eyeopener for people who learn better words as well as from pictures. You will love this book and want more information at your feet. It made me want to learn more about stocks, bonds, Ira's, real estate and many other forms of investing for my future. Thank you so much for this wonderful gift of wisdom.

Rating: 2 stars
Summary: not much value
Review: I fail to understand all the praise for this book. All of his books make just one basic point "you should let your money work for you by investing wisely, don't just rely on your salary". Do you need to read 200 page books to understand this point? There is no practical actionable advice for the novice investor, just oft repeated principles reiterated many times using his rich dad.

Another thing that is irritating is the fact that he keeps repeating one and the same thing like going to school is not very useful etc.

You wil learn a lot more about investing from other more focused books and websites like motley fool, morning star etc. Don't waste your money on this book.

Rating: 4 stars
Summary: Good Key Concepts -- Writing Style Difficult to Wade Through
Review: The author gives an example of a conversation he had with a stellar writer where he states that he is a "best selling author" and not a "best writing author"... This is definitely the case.

The core concepts are very sound. He doesn't fall into the trap of selling his approach which is excellent -- but encourages the fundamentals which I like.

Overall, I found this audio book very interesting, but I was bogged down by the ramblings that didn't always support the point. I felt that I was listening to someone do a talk from an outline versus a well thought out and structured discussion. (Kinda like this evaluation.)

The fundamentals are sound. Let your assets take care of your needs. All things are not assets... Read the book to get the whole scoop, but those were the key learnings for me.

Rating: 5 stars
Summary: One chapter is worth the price of the book
Review: If you find finance and business books boring, you will love reading this book. Reading Rich Dad, Poor Dad is like reading a thriller. I couldn't wait to find out what happens next, what new knowledge will spring up. I was willing to stay up until 4 AM reading, not easy with a 15 month old. In fact, I finished Rich Dad, Poor Dad within a day.

The chapter on Assets and Liabilities is worth the price of the book. Knowing what I know now, I know I will recover the cost of the book. Frankly, I feel I will recover or earn quite a bit more.

Rich Dad, Poor Dad is a worthwhile purchase. It provides a lot of information. I may not choose to be a big game player just yet, and the information allows me to start small if I choose.

Right now, I'm thinking: I can definitely minimize my liabilities and enhance some assets. I will, however, have to work on paying me first. I know I should do it, but it's hard to practice. I'm working on it though.

Jenny

Rating: 5 stars
Summary: LIFE CHANGING!
Review: Rich Dad Poor Dad was the BEST book I have ever read. It is a "must read" for College Students and people who want to START OVER. Once I picked it up, I just couldn't put it down! The wisdom that he shares with readers is incredible. After reading this book, I also bought Cashflow Quadrant and Rich Dads Guide to Investing. If you want to read a book that will give a new view on life and the difference between the Wealthy and the Poor... READ THIS BOOK! It's not luck, It is a lifestyle that makes the difference. Get in the game. Bye for now, Ray webguy@ipa.net www.goforstuff.com

Rating: 3 stars
Summary: Think and grow Rich?
Review: I took the book out of the library (as a previous reviewer suggested). There are many how-to-get-rich books in print. All of them seem to take one or maybe two ideas that could be part of an over all strategy and base the whole book on them. This book isn't really any different. It isn't a comprehensive investment guide. It's a couple of good ideas immersed in a great deal of motivation. Motivation is great, but hard facts are what's needed to keep you going after the motivation wears off. This book is scant on them. If you need something to get you going, then great, this is the book for you. If you need something to keep you going (like actual financial advice) after the euphoria of trying to strike it rich wears off, then look for some solid financial planning books.


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