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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: Great Book
Review: I've noticed a lot of criticism of this book. What I will ask those who are so upset is, "how is what you're doing now working for you?"

Robert's book teaches you that you can work for money or you can have money work for you, but you can't do both. One will make you wealthy and the other will keep you slaving away until you're 65.

The people in my life who are naturally wealthy follow the rules of this book. For those of us not blessed with the knowledge, I'm glad someone's writing a book like this to share it with us.

Rating: 1 stars
Summary: whatever
Review: Save your money. If the author really cared about the financial responsibility of readers he would reccomend for them to save their money and not buy his book.

Rating: 5 stars
Summary: Criticism... fair or furore
Review: Had a quick look at Amazon.com, and usually don't write reviews, bit having a look at the comments made by "a reader" I must say I'm shocked, since I had the exact opposite view of the book.

I thought it was insightful, and it has already help me on the path to financial security (I built a business, that doesn't need me). The book teaches about how our thoughts affect the way we deal with money (like poor people who win the lottery and three years latter they are poor again - bad money habits). He also says a lot about the up coming changes that will affect us all (downsizing, baby boomers retiring, massive government debt, etc), as well as what the future could hold. Finally he talks about how education must teach young people about money and investing (Alan Greenspan talked about this to a congressional hearing a few months back, too)....

Rating: 5 stars
Summary: Give it up 1 star reviewers!
Review: First of all, it is so obvious that this is really just 1 person repeatly posting.

But hey guy, the book is still selling. People love this book. If you took the time to read, you would too.

This book turned my life around. I used to think that a college degree equalled success. But, I was willing to be corrected.

RTK--Great book. I just purchased CASH Flow Quadrant and will do a review after I have finished reading it.

Rating: 1 stars
Summary: No useful information
Review: O.K., where to start? First of all this book doesn't provide any useful information on how to accumulate wealth that you probably didn't already know. Did you know that to become rich you need to invest your money into assets such as businesses, stocks, or real estate versus expenses such as cars and watches? Oh really? But I thought for sure that I was on the fast track after buying that new 35 foot sailboat.

He basically tells us the economic lessons he learned in his life from his father and friend's father. He refers to his real father, an educated man who held prominent positions in the Hawaian school system and government as his "Poor Dad". He refers to his friend's father, who never finished high school but owned several businesses and real estate, as his "Rich Dad". His "Rich Dad" taught him to buy assets that made him money. His "Poor Dad" taught him to work hard in school so that he could get a good job.

There were a couple of things that didn't seem consistent with his stories though. For instance, throughout the book he refers to stories of his youth where his "Rich Dad" would teach hime some kind of economic lesson. His economic training supposedly began at the age of 9. However, later he admits in the book that he didn't set out to be financially independent until he was bankrupt at the age of 37. If his "Rich Dad" gave him all of this great financial advice since the age of 9, why did he put off using it until he was bankrupt as an adult?

Also, there was a line in the cover that said that some of his stories had been fictionalized to make a point. What do you mean fictionalized? It kind of reminds me of Mr. Peterson on Seinfeld paying Kramer for his stories to add to his own autobiography?

Getting back to how the rich become rich. He repeatedly makes the point that to become rich you have to acquire assets such as paper securities, real estate, and businesses. He seems particularly fond of real estate himself. The way he presents real estate investment is that it is really simple and that it can be done for virtually nothing. His presentation is very reminiscent of some of these real estate informercials. Then sure enough after reading his book I caught his own informercial one day where (surprise) he had guests on who had made their fortune in real estate.

He mentions other things that are borderline legal and most certainly unethical in most cases. Like if you are able to incorporate into a business, vacations to Hawaii become offsite business meetings. Also the lifestyle that he presents is in stark constrast to the lifestyles that have been documented in books such as The Millionare Next Door.

I suppose a novice to the world of personal finance might obtain some information out of this book. But I think that would be a sad commentary on our collective knowledge of personal finances rather than Kiyosaki providing any real information.

Rating: 5 stars
Summary: Great book for the the teachable
Review: I can really relate to this book; my parents were very much like RTK's "Poor Dad" in every way and I wasted a 1/3 of my life believing what success was in education and a job.This book came just in time. I also listen to the tapes in my care.I also strongly recommend the other Rich Dad, Poor Dad books especially Real Estate Riches, CASH Flow Quadrant and Rich Dad's Guide to Investing...Charles Schwab knew something a lot of other people didn't (read his biography)

The most annoying thing about the book, for me, was the storytelling in the first two chapters. The same theme is repeated about 6 times, when once would have been enough for someone who is reasonably intelligent and doesn't have lots of time to spare. Eventually I started to skim. I'm sure Kiyosaki's second book could have been condensed into these two chapters instead, but his publisher saw an opportunity for extra profit.

All of that having been said, everyone who's serious about making some money needs to start somewhere, and this is where I began. The book reviews the basics, points you toward more tools for learning (not all good - read the reviews on "Inc and Grow Rich"), and for me, started me thinking about real estate investing. But again, if you're serious, you'll need a lot more ammunition before you're ready to begin pulling the trigger. Happy hunting.


Rating: 5 stars
Summary: Buy it if you're tired your JOB (Just Over Broke) situation
Review: This book provides those with the entrepreneur spirit solid information about how their money can work for them, and how they should not live life working for money. Get out of the "rat race", and follow your dreams!!! Most people will procrastinate through life waiting for the "right time" to go into business for themselves. The time will never be right... you don't have that long to wait. Knowledge doesn't create activity, but activity does create knowledge (meaning you won't be able to figure everything out unless you just get started, learn along the way).

If you have a burning desire to get more out of life, the only thing that is in the way of you and success is YOU.

Rating: 1 stars
Summary: Complete Crap, has the workings of a cult franchise
Review: I know that I can't do the bashing of this... as well as I'd like, so I'll leave it to the people on these two webpages-there are other webpages, but two's enough for now.SAVE YOUR MONEY!

Rating: 1 stars
Summary: Rubbish
Review: A friend gave me this book and I read most of it. The tone struck me as kind of odd and the book didn't seem to be saying very much. From the people I have grown up with, I have seen that rich people's kids are almost as likely as those of poor people to be bad with money. This goes against the hypothises of this not-very-convincing book. I have since found out that the author fictionalized much of his story (I should have read the fine print). If there was a rich dad, I suspect that his advise was to write self-help books and promote them like crazy.

Rating: 4 stars
Summary: Good basics
Review: This book is not as detailed as I had hoped, not surprising though since it would give away too many secrets and not allow for future books to be sold. I mean really, the guy is making his "millions" off of all of us buying his books on how to get rich!


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