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Summary: its easy to make money selling books about common sense
Review: The book was interesting story about his life but thats all it seem to be about. There was only one thing I learned from this book. All you have to do is tell people how rich you supposedly are, and how you want to help them. Forget any original ideas, just repeat the same general ideas over and over again and people will buy it. The one thing I like about this author is how he can turn a couple well known ideas that would take a paragraph or two to explain, and turn it into 200 pages is amazing. So I probably will never get rich off of his general and vague financial advice, but I now know how to become a best selling author.
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Summary: A Wonderful Book for EVERYONE!!
Review: This is one of the best series I have ever read! I am 17 and saw my dad reading this book and had no clue what something titled "Rich Dad Poor Dad" would be about and really didn't care about finding out. He encouraged me to read it after he finished and I am so glad that I did! I have so much time ahead of me and have already questioned whether or not I want to work for someone else. I now plan to "mind my own business", which is a concept discussed in this book. I am not getting my mom, who has zero financial literacy or interest to read this book. The great thing about it is that it is written as a story. It doesn't bore you with P/E ratios, or allocation numbers like some financial books.
This book, along with the others in the series will truly change the way you look at money and working for it. I know it did that for me!
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Summary: An amazing book
Review: Although Kiyosaki does not give you step by step intructions on how to amass wealth, he lays a great foundations. Most business professors will recommend this book if you ask them how to mkae money. Money making is a mentality and the author does a wonderful job explaining the difference between the rich and the poor and why the choice is yours.
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Summary: The Best Book I Have Ever Read!
Review: I am shocked and appalled at the people who did not at least gain insight from this book. I loved it. I tell everyone about it. It was so much fun to read, so motivating and had totally new information in it. I have read at least 30 financial books and many of them say the same things but not this one. I believe the author and I believe he is sincere. The truly rich people I know do what he says. My own brother has instinctively done these things and he is worth about $250 million at age 32 without a college education. The masses are doing the opposite of what he says. Who do you know who has used the equity in their home to pay off credit card debt? I will admit that most people do not have the guts and discipline to do what he advocates and so they are better off reading the Millionaire Next Door and the Millionaire Mind and doing what those books advocate. I, however, do not want to clip coupons. I want assets to throw off income to exceed my living expenses and I already have one business that is doing that and I am researching some rental property. I can't say enough good things about this book and the next 2 books he wrote which were equally good and go into more detail. I have the Cashflow for Kids game and my 8 year old son is more knowledgeable now than many of my friends. By the way, my husband and I are self-employed and have been incorporated since 1992 and have done very well for ourselves but now we will do even better. I think you will miss out on a very important and enjoyable book if you don't read it.
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Summary: Simple, but aren't all good things?
Review: Many of "Rich Dad, Poor Dad"'s critics argue that Robert Kiyosaki is too elementary in his recipe for accumulating wealth. Tempting as it may be to criticize simplicity, there is truth as to what the author professes. Frankly, I found the clear language Kiyosaki used to explain his philosophies rather refreshing, amidst a glut of droll, yet mentally exhausting writers who entangle concepts in a puzzle of abstract theories; if only to reassure their own literary superiority. Others attack Kiyosaki on the basis that he lacks credentials, arguing that he provides no information regarding how he acquired his wealth (besides writing a lucrative series of financial books!), and suggest,therefore, that his wisdom is highly suspect. Whether Robert Kiyosaki earned more money writing books than he did investing does not invalidate his advice, which is perfectly sound advice at that, and certainly applicable to anyone's financial situation. Indeed, it is difficult to argue against his advice to acquire more assets than liabilities, or to save a portion of your income. Granted, at times the book is repetitive and it lacks neccessary details, the book helps more than it hinders, and is a great foundation book for anyone interested in building a solid financial future.
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Summary: Just a Scam- Should be called-- ''Quick Buck Dad''
Review: I read the book afer my wife touted it. My wife has good judgement in these finance things-- no so in this case. The author is a huckster selling a get rich quick scheme-- he isn't much better than the infomercial scam artists who prey on the financially illiterate to convince them to amass fortunes in real estate with no money down. Well it takes a non-stop up-market to do this. The author seems to say that his 'Dad' is a loser- [I take off 2 points for this-- we should not dishonor Dads like this and this particular 'Dad' seems to be merely a literary device-- not a real person.
The author seems to say that only suckers and losers invest in 401k funds. Actually the slow,steady equity investor using dollar-cost-averaging beats the real estate investor over time- that's just a fact.
The author should be so lucky as to avoid charges for duping the unwitting.
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Summary: Buyer Beware
Review: Have you noticed that many of the 5-star reviewers have been submitting MULTIPLE reviews? Looks like they are trying to pad the statistics. If this book is so wonderful, why do they feel compelled to do this? As the old saying goes, "things are seldom what they seem". That certainly applies to this book and its author. For example, the Honolulu Star-Telegram has been unable to verify the identity of Robert's alleged "rich dad". A person who transacted as much business as this person did is bound to have left some clues somewhere, yet no one can find any. This has led some critics to speculate that this person is a fictional character created by the author. The bad advice contained in this book knows no bounds. For example, he tells you to play by the rules. Later on, he says "the reason you want to have rich friends who are close to the inside is because that is where the money is made". This is insider trading, and it IS illegal. Just ask Martha Stewart. Then there are the "deductions" he likes to talk about as one of the advantages of having your own corporation. The IRS is very clear about what kinds of expenses are business expenses. You won't be able to use your business to buy yourself a new Porsche, as he claims. I am also concerned about the constant promotion of his games, seminars, tapes and books. Shouldn't you be saving your money for your future investments? The content of these seminars also leaves a lot to be desired. I actually went so far as to find one of the "Cashflow Circles" that have formed in cities across the US and around the world. Most of the people that I met there appeared to be rather naive about finance and business. Kiyosaki takes full advantage of their naivety by encouraging them to use some rather questionable tactics to acquire real estate and start their own businesses. The basic concept is that you find someone who is desperate to sell their home and use their dire straits to force them to accept incredibly bad terms. Keep in mind that this book was not selling very well until an Amway salesman discovered it. The Amway salesman began to push the book to his downline, and the rest is history. Perhaps this is the reason that Robert says (in "Cashflow Quadrant") that he has "changed his mind" about network marketing. To be fair, he does occasionally give some good advice. He talks about the importance of staying out of debt and living beneath your means until you can increase your means. However, you can find this same advice in many other books. One that I have used is "Personal Finance for Dummies". There is nothing wrong with being wealthy and successful, as long as you can do it without compromising your moral fiber. If you follow the advice of this book, you are likely to end up right along side Kenneth Lay, Bernard Ebbers and Edgar Bronfman. Buyer beware!
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Summary: Save Your Money
Review: Don't buy this or any of the other Kiyosaki books. Kiyosaki may be a millionaire because he knows one thing: Write a bunch of small (<200 page) books covering different aspects of the same topic and convince the reader that he needs the other books to get the whole picture. "Rich Dad" knows how to get rich by selling books, not giving good financial advice. In addition, Kiyosaki's chest pounding touting his success is too much to stomach. Add to this his marketing of his board game, and you get the whole picture. If you doubt my words, do a search by author on Kiyosaki and you will see what I'm talking about. If he has such great advice, why does it take 20+ different books to cover it?
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Summary: read it like advise from your grandfather...
Review: The book lives up to its title and tells you many things about money. And, yes, you probably knew most of those but, if I can interpolate my experiences on you, you probably did not consider them most important nor followed them consistantly. Motivation provided in this book can help you with that. Other than that, the book has a kind of "grandfatherly" touch to it. I continuously got a feeling while reading that its not an author writing formal notes but my grandfather giving me advise from his experience. Just like my grandfather, Kiyosaki repeats things often (and not always in proportion of how important they are); quotes extensively from his own experience (even when it is only partially relavant to the issue) and is partial to it (the real estate business) and forgets to mention a few most important things (like regardless of what strategy you choose, you will need to work hard and have to spend time learning things). But still, just like my grandfather, his words are golden and if you ready to forgive his style there is lot of wisdom in them.
The book did motivate me to prioritize my goals in the right order (buy luxuries from your asset income) and though I am not a real-estate player (my game is stocks and I make a decent income even in these depressed times) there was a lot of advise direcly applicable. I do wish, however, that book stressed more that real estate (or any other game, for that matter) is not as easy but one should be willing to learn and work hard and risk at least some capital.
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Summary: There's lots of wisdom in this book!
Review: Get this book and avoid unnecessary financial mistakes. Another great book that will teach you a thing or two is A Guide to the Scriptures which has scriptures on topics such as prosperity, wisdom, and other precepts.
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