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Summary: Excellent Book, But...
Review: Even though many of the ideas here are excellent and powerful, this text is only a starting point. Kiyosaki freely admits this point. Most people have not been exposed to this perspective on money and they need to find a clear, simple, and useful expression of the topic. This text is better than most in providing that starting point. In fact, it has many useful ideas that I could not find elsewhere in print. If one masters this material, he/she will come to understand how the principle of cashflow management is useful and applicable to any business. This is only one principle of many in the business world, but it is an important one that can help in this precarious business climate.
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Summary: Hit me like a brick
Review: I am a middle class small business owner who was coasting along until I read this book. I have a corporation and enjoy the benefits of it, but I don't have income producing assets of any significance. After losing money in the stock market, I kept my money in savings because I was scared of risking what was left. This book has given me the courage to move forward again and find ways for money to WORK FOR ME. I also followed your reviewers advice and read Optimal Thinking: How to Be Your Best Self which I found to be the most powerful book I have read on making the most of the mind and every situation. I now have the correct thinking and motivation to handle risk and make the most of everything that comes my way.
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Summary: Paradigm shift for the new generation!
Review: Why has this book been on the best sellers list for so long?? Simply because the message is profound. The truth of finanical success that this book presents is honestly a bitter pill for many of the hard working middle class to swallow. The most proud and egoistic of us might not even be willing to admit that this author has given us an honest message on why so many of us are doomed to late retirement and unsatisfying jobs. Read this book and read it well. Can you criticize? Yes. A few million dollars later. Let us not get angry, it really does not matter who finally gives us the message that we honestly need. What matters is that we learn well and utilize the lessons that we have learnt from Rich Dad, Poor Dad. Agree or disagree. A personal choice for your personal life.
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Summary: How to write a best seller
Review: This is a very clever book that explains how to apply financial management to an individual's personal budget. You don't need to know anything about finances to fully understand this book. This is probably why it has become a best seller. Because it is able to transfer knowledge to the masses and persuade them.
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Summary: One of the best ever reads
Review: Rich dad is already in my opinion a classic read and stands on its own as one of the all-time best reads in this particular genre. In my humble opinion this is one success based book that we all need to read. If we want to take ROI into consideration, then this is a sound investment!
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Summary: Still a best seller for a reason---it works!
Review: I first heard of this book when J.P. Morgan on the cover of the Wall Street Journal referred to Rich Dad Poor Dad as a "must read for millionaires."Most people know by now that this is the true story of Kiyosaki's two fathers, one, his real dad had a high income but was poor. The other, his friends dad, but Kiyosaki's mentor and Rich Dad. Kiyosaki learned that income alone does not create wealth as he learned from his "Poor Dad." Seeking financial freedom, Kiyosaki learned from his "Rich Dad" the keys to wealth. Kiyosaki went on to amass a fortune and lost it. But remembering the lesson taught from his "Rich Dad", started over and amassed yet another fortune and retired at age 47. The book will tell you some things you don't want to hear like a house is not an asset, 401 (k)s and so called "safe" investments are not quite so safe. That there is no such thing as job security and the world is full of "bullies" who will tell you how much money you can make, when and how many vacations you can take, lunch breaks etc. Kiyosaki's "Poor Dad" was fired at age 50 and learning from this, Kiyosaki tells us that the only real security and freedom is in being your own boss. Kiyosaki goes on to say that both of his dads were "honest, good, honorable men" but his poor dad, although a hard worker was weak and consequently ended up broke. Interesting is that Kiyosaki pledges his first book, "If you want to Be Rich and Happy, Don't Go To School?" to his poor dad.Goes to show that Kiyosaki has class and truely loved his Poor but real dad. Rich Dad Poor Dad is an excellent book. The main message is to take responsibility for your life. You are either a master of money or a slave to it. In addition to Rich Dad Poor Dad, I also recommend "Cash Flow Quadrant", "Rich Dad's Success Stories", "The Millionaire Next Door" and "More Wealth Without Risk."
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Summary: A good guide for a parent
Review: Being an excellent stident with two Master degrees, I still resist a temptation to ignore the book saying that formal education is not the thing that matters. I've got a 3-years old son, and God knows - I won't ever require good grades from him. His financial success as a businessman - that's what is in my mind at the moment. It's never too early to become financially literate, and in my opinion, this book gives an excellent insight on what I should shoot for in order to be proud of my son in the nearest future. A+
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Summary: Kiyosaki shows the TRUE difference between "rich" and "poor"
Review: Mr. Kiyosaki's book is one of the most amazing books I have ever read. I have had numerous self-help/financial planning books cross my path, but none with the simple and painfuly obvious truths displayed in this one. If you truely want to learn how to get rich then this book should be your first step.
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Summary: Kiyosaki's philosophy can be summed up as follows
Review: Don't expect to go to school and learn how to get rich.
It doesn't take money to make money. A house is not an asset - unless you are the bank, insurance company etc. Why real estate is still the best and safest investment. Why we shouldn't listen to brokers, financial planners, insurance and other commissioned salespeople. Why network marketing may be for you and why most of what you have read or heard is mostly a misconception. I have an MBA too. It stands for Massive Bank Account. Kiyosaki's advice works---only if you apply it.
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Summary: Kiyosaki's philosophy summed up in this review
Review: To save you the trouble of buying this book, I will explain what Kiyosaki's basic philosophy is. In fact, this will save you the time and money you might have wasted buying all of the books in his series (I have read 4 of them). Kiyosaki's guiding philosophy is to live like his rich dad and not his poor dad. Poor dad lived by the mantra of "Go to college. Get good grades. Get a good job." He ended up living paycheck to paycheck and his job was his only source of income. Rich Dad's approach was to buy things like businesses and real estate, that would generate income. He suggests you live in the quadrants of "Investor" and "Business Owner." I am currently an MBA (masters degree in business) student and I'm interested in finance, so I was very curious about this series, which a friend recommended to me. However, once you get beyond Kiyosaki's basic philosophy, these books become very frustrating, because they are so short on specifics. Specifics such as "How can I actually do this??" My brother, who is an accountant, read the series also, and had the same gripe. You come away thinking he told you something, but wondering what it was. Other reviews have mentioned how terrible the writing is, but hey lets not hold that against him, he's not a writer. Another fundamental gripe I have with Kiyosaki is that he got rich by being very lucky, and his way isn't the only way to do it. With the booming real-estate market, prices have gone up to such an extent that it is harder to find rental properties that can be profitable, unlike when kiyosaki was first investing. Also i know PLENTY of rich people who work a safe, secure job. Lawyers, doctors, CFOs and i-bankers to name a few. I would recommend reading this book, and possibly "cashflow quadrant" just to expose yourself to his basic ideas. Then you will have to figure out a way to apply them on your own, a daunting prospect. But do yourself a favor and stop there, because you will get nothing practical out of the rest of his books. Finally, hey we're not all going to be rich, so don't get all worked up over books like this. If you have a family who loves you, good friends, and a place to rest your head, you're already rich.
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