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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: Common sense from someone who has gotten the results
Review: As a business owner I can appreciate the approach that Robert Kiyosaki has taken in writing this book. I have lent this book to many individuals (both business owners and employees in many fields) and everyone of them has come back to me saying that Robert Kiyosaki has helped them to understand certain principles about money and time leveraging. Most even mentioned that they wish they had learned some of these principles earlier in their careers.

Having had a unique perspective, from the point of view that he had two fathers (one his natural father and the other his best friend's father each one with a different way of treating finances), Robert Kiyosaki was able to study the results of each view point growing up. One father ends up being the rich dad and the other one ends up being the poor dad. It may even be eye opening to see which one becomes which.

Robert may seem a bit preachy to some readers but, in my opinion, he seems to have a need to help his readers understand the principles that have helped him, his wife and his friends achieve more in life. Unlike many financial advise type books that seem to come from authors that are not financially successful, "Rich Dad, Poor Dad" comes from an author that became a multimillionare manys years before his first book was written. Money is obviously not the most important thing in life but it seems to be right on up there with oxygen since every person that eats and lives in a home, or wants to provide for their loved ones seems to work for money. More money means more security and more time with your loved ones earlier in life. But it's important to know that if a person can be hired then they can be fired from any job. The main message from the author seems to be:

"The more control you have over the way you achieve your income, the more control you have over your life."

Good Reading

Rating: 5 stars
Summary: Alarmist, but informative
Review: An interesting book that educates and helps people view money (saving, investing, passive cashflow, etc) more accurately.

Kiyosaki seminars are over-priced, especially if they only repeat what is already said in the books. However, the books themselves contain more than enough information on their own, anyway.

Unless you are a person like the many who've reviewed this book just to tell everyone you "already know" everything Kiyosaki explains, this book is worth reading.

He IS educational, unless you already knew it all, of course....

I personally find the writing style a bit 'alarmist' in nature - something no other reviewer has commented on, interestingly - but if Kiyosaki genuinely thinks that's what the future holds, he should say so.

For me the best points were "Let 'em Scream" (ie, pay yourself first) and Kiyosaki's paradigm-busting views on your house being an 'asset'.

Rating: 5 stars
Summary: Brain Author: A balanced sane way of living...
Review: In "care and feeding of your brain" one point I keep stressing is a balanced life. If you cannot manage your finances you cannot balance your life. Kiyosaki creates a wonderful and inspiring paradigm by which you go from being a stressed-out employee of the system, to a self-actualizing wealthy and contributing member of society. Not just a sunshine-self-help book...practical and workable advice in a simple format...best to Mr. Kiyosaki... Ken Giuffre' MD, author "The Care and Feeding of Your Brain"

Rating: 4 stars
Summary: Essential book for young families
Review: This easy-to-read book presents information in a logical manner. It is the kind of advice that young families need today. Some of it is just plain common sense but most of it requires changing thinking from beyond immediate gratification to issues of long-range planning.

Rating: 5 stars
Summary: To achieve Financial Independence, get this book!
Review: The last book to make such a great impact on me was Stephen Covey's 7 Habits of Highly Effective People. As at the time of writing this review, Kiyosaki's book has received 290 reviews here. This must surely be testimony of the impact of Rich Dad Poor Dad. If you have not read this book, for your own sake and that of your children's, go get the book the now!

Kiyosaki's concepts are simple, yet profound. It makes you wonder if it was so commmonsensical, why didn't you think of it earlier. But I like books like Kiyosaki's. These books have a way of crystallising simple truths and principles which the reader would otherwise have missed.

Kiyosaki's concepts on wealth, what constitutes an asset and liability, how one's balance sheet interacts with the income statement, are all so powerful. If you are serious in achieving financial independence, get this book and read. And re-read it again and again!

Rating: 5 stars
Summary: Written in an alarmist fashion, but good....
Review: Many reviewers have criticised Kiyosaki, especially those who are already money-wise, but if you're not market savvy yet, then this is still an excellent book.

For example, many of us already know you can treat business expenses (like overseas holidays and luxury cars) as tax write-offs, but people who are not in business are often surprised about this.

So, Kiyosaki, despite his detractors, IS educational. If you are already knowledgeable, the information may be nothing knew to you, but his book is still quite good.

However, I have noticed something that few other, if any, reviewers have pointed out or even noticed: Kiyosaki's writing style is overly alarmist.

The books best points were "Let 'em Scream" (in relation to creditors) - ie, pay yourself first - and Avoid the Mortgage Trap (ie, a Mortgage is not an Asset).

Taking on-board the author's financial wisdom, I have to say that I personally would not attend a two-day Kiyosaki seminar because they are very costly and it seems that authors who conduct seminars do little more than reiterate what is already said in their books.

Overall, "Rich Dad, Poor Dad" is a worthwhile book if you never had your own 'Rich Dad' (or ready access to street-level financial advice for the novice) but other readers (judging by the tone of some reviews on this site) may not need to buy in.

Rating: 3 stars
Summary: Rich Dad, Poor Dad, investment savvy
Review: Having promised myself years ago to 'DO' something about investments for getting wealthier and for retirement like many did nothing, always too busy. Well, this book is a wake-up call to all those investment savvy wannabees, like myself who keep putting it off. If you can't set an example to your children then how are they to learn? Start small and have fun is good advice. Robert does however 'go on a bit' with repetition on some of his principals, but I wonder if that's not deliberate, to get us all to LISTEN to him. Wonderful light reading, inspiring and yes this time I am going to do it. For the children's sake atleast.

Rating: 4 stars
Summary: Thought provoking approach to finance and a quick read
Review: This is a very quick, enjoyable read. This book focuses on an issue I had never really thought about: breaking the cycle of working at a job for a living. Ironically, he recommends you do just that while you start your own business on the side.

He does brag about some of his investments even though he says he doesn't mean to. He also has some "unique" and speculative investing strategies like tax receipts. But the focus of this book should be on changing the cycle of living up to your salary and instead saving money for investing. He is a conservative man who leverages his winnings, evidently quite successfully. Should be required reading for all college graduates and is the next present for my daughter.

Rating: 5 stars
Summary: Wealth mgmt for post war generation
Review: This a clearly written history of the author's early, "informal" education in the area of managing personal wealth. In his "matter of fact style" the author dicloses some not so popular basics of creating and building personal wealth through assets. A paradigm shift for most of us baby boomers. Fun reading, valuable, and highly recommended for anyone reviewing their wealth creation pragma - ' better not charge this book!

Good reading!

Rating: 5 stars
Summary: Great Book
Review: I'm starting grad school in the fall and read this book this summer. VERY ENCOURAGING! Hey and with 285 comments on this book...it probably won't be a waste of money.


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