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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: What is money?
Review: What is money? Everyone is working hard for money. However, few people can understand money. Robert. T. Kiyosaki understands money and teaches people how to millionaires by Rich Dad Poor Dad. His thought on money is simulated from his two different dads - one is his poor dad and another one is his rich dad.

Generally, people earn money and spend more. The demand of money is infinity and people can't excape from the financial struggle. This is like a "Rat Race". Even a person with substantial high incomes, he/ she won't get out of this "Rat Race". Indeed, his poor dad is not really "poor". He has high education and is sucessful in his career. However, he is described as poor becasue Robert noticed that he can't get of out this "Rat Race".

On the other hand, Robert has a rich dad. He is Rich, because he knows money. This rich won't work for money. In contrast, money works for them. How's it done? It can be simply explained with one word - Investment.

People are working hard for moeny because of the traditional thinking on money. People always think that lifes are ensured by getting into a big company with high salary and thus people study hard in order to get a high position. Personally, this is a save but not wise way to play during a life as we can't excape from the "Rat Race" ! In order to play it in a wise way, we have to understand money so that we can know the ways to let money work for us. Robert teaches people how to do the cash flow analysis and suggests different investment in this book. Maybe it is somehow not practical as we need to start with certain money or abililties. However, this book let people review their cash flow and let people be aware of the situation they are living now - in a "Rat Rice". It simulates people thinking on money.

Rating: 2 stars
Summary: Not much here
Review: The book does a good job of stressing that one should use their money to make money and not fall into the trap that most people do. However, it is way, way to wordy. It could be pared down substantially. It also does not give any specific strategies for creating wealth. It is very vague.

Rating: 1 stars
Summary: Not worth the money
Review: Basically he says prepare for the future and know how to find get rich quick schemes. That's it. The rest of the book is just filler.

Rating: 1 stars
Summary: The best book I ever read---until I got to business school
Review: Okay, here's the deal---I read this book, and at the time I thought it was the greatest book ever written. I wanted a million dollars like anyone else and I decided that I would forego his advice of not going to school and go after my MBA, after all, he did it. So, now that I'm almost done with my BBA I went back and read the book again. Now, it's the worst book I've ever read. Why? It ignores so many fundamental concepts that are taught in business school that can help one achieve financial success to state that an asset is only an asset if it produces income for the owner. However, in order to be more than just merely comfortable with income producing assets, one must have assets worth $5M throwing off 3% in interest, or $150,000 a year before taxes, and since only 2% of the US population (about 6 million people) have done it, that is not exactly a goal for the common person to reach, as most of those who have earned that much are either entrepreneurs (80%) or high level executives such as CEOs and most people are not suited to either task.

Where's my book? I don't know, maybe after I get my MBA I'll write one, but unless it's a fluff piece like this one, I doubt it will sell like this one, which is probably where he got his money in the first place.

Rating: 3 stars
Summary: Not for the non-entrepeneur...
Review: I read this book in a string of books about "fiscal responsibility" and wealth. I heard rave reviews and was very excited about this book. Unfortunately, I don't think it lives up to the hype, at least for that segment of the population (me included) that does not have the entrepeneural spirit. It's very uplifting for those who dream of being their own boss and making their fortune "their way". That's all fine and dandy. However, for those of us who actually enjoy having a steady income without the stresses of owning our own business, this book doesn't really do anything. It talks about investment options and the like, but it assumes you already have the money to invest. On the contrary, the reason most people aren't wealthy is not because they aren't entrepeneural enough or savvy enough in their investment choices; rather, it's because they do not live within their means. That's the first crucial step, and a step I feel this book overlooks entirely.

I much prefer "The Millionaire Next Door". Although many millionaires are indeed entrepeneurs, the Millionaire Next Door also notes that many millionaires are just regular working folks who are fiscally responsible with their money, a possibility entirely ignored in "Rich Dad, Poor Dad".

So, for you entrepeneurs out there, this book will pump you up and give you the motivation you need to take the next entrepeneural step. However, for you regular working folks who actually don't mind having an employer (me included), I say skip this book and read the Millionaire Next Door instead.

Rating: 2 stars
Summary: This guy sure is getting rich
Review: Not sure about the readers, but the writer surely is getting rich. One thing I learned from this book was how to sell anything with eye-catching phrases like the title itself "Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!" or any of Mr. Kiyosaki's other titles. A poor/middle class dad/mom (most of us) will buy this book out of emotions. This guy has setup companies, selling seminars, books, audio-tapes, games all at exorbitant prices ... All of them beat the same drums. There is a saying in east: if you give turmeric powder to a monkey, he will paint it all over your butt. Somebody told this author buying real-estate is good and he is painting it all over his books, tapes, games... everywhere. Its so boring. All the concepts in the book could be written in couple of pages. Some of the concepts are pure (junk) - for example: "Don't buy home, put your money in real-estate". Well, I always thought home IS real estate. Mr. Kiyosaki wants us to believe home is a liability. VERY poorly written book and just fills up pages of useless coversation between author and his fictional rich dad.

Rating: 5 stars
Summary: Put your best feet forward and optimize your wealth
Review: There are two books that every parent should read and give his kids. Rich Dad, Poor Dad provides practical steps to manage money and build net worth. Optimal Thinking: How to Be Your Best Self shows you how to be your best no matter how tough things get, and how to make the most of any situation and get the best results. Both of these books hit the spot!!

Rating: 5 stars
Summary: Excellent. Highly Recommended.
Review: "Rich Dad, Poor Dad: What The Rich Teach Their
Kids About Money - That The Poor And Middle Class
Do Not", is by far an excellent book. This is an
honest, straight forward book, with excellent and
true money and wealth building concepts.

This is the best book of it's kind that I know of,
so far. This book is highly recomended to anyone
truly wanting to learn the real ropes and real roads
to true wealth. Excellently written.

The author tells of his experience being taught to
him as a child himself, and the valuable knowledge
he, himself as learned over the years. A book you
will want to keep and share with others.

Diana: Author of: "Inpirational Wisdom For Love,
Beauty, And Richness"; "You Hold The Key To Riches
And Happiness"; (and) Sure Fire Ways To Make More
Money And Get A Better Job".

Rating: 5 stars
Summary: Great book!
Review: This is a fantastic book. If you are seroius about making money, and escaping the rat race that involves working 9-5 until the age of 65, then we recommend you read this book. You'll get good business and income ideas from it.

Rating: 2 stars
Summary: Are you kidding
Review: I gave this 2 stars because the only reason to read it is to read the in depth analysis found on John T. Reed's website...

This is an amway/quixtar marketed book reinvented in a fictional (yes, fictional) forum. Stay clear, as the book is clealry directed at people looking to get rich quick. C'mon. If it was as easy as this guy says, wouldn't everyone do it? The book was written to sell to people looking to get rich who probably are far from it, and judging from the reviews on this website the brainwashing has apparently worked.


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