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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
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Product Info Reviews

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Rating: 2 stars
Summary: money for nothing
Review: Money for Nothing
I read the book, Rich Dad Poor Dad written by Robert Kiyosaki, for three weeks. Before I saw it, I had never read a book about business and money, so this book and author's story looked somewhat fresh at the beginning. But, now even though it has several interesting points of view, I do not agree with all his opinions because they are too much money-oriented and underestimate the worth of college education.
First, the author's claims tend to be extremely money-oriented. In my eyes, he lives only for money and is concerned only about it. Of course, money is important for our normal lives, but it does not bring us all we need. Even worse than this is that money can make us blind to what is right and what is wrong. It often debilitates our ability to make reasonable judgments. Moreover, in this society based on extreme capitalism, there are many people who ruin their lives in pursuit of material wealth. For this reason, thinking that money can buy all happiness seems very dangerous.
Second, the author regards college education as a useless thing because it does not help people earn money. It is nonsense to say that regular education is worthless due to its lack of effect on earning power. Perhaps it makes sense for people not to study if they go to college only to get diplomas that are useful for getting good jobs. However, the purpose of college education is to help people accomplish self-actualization through higher learning. Therefore, I think the author distorts the real significance of learning.
In conclusion, maybe the methods or principles that the author suggests are useful to gather money. However, he does not recognize the differences between purpose and means of earning money. I cannot understand why I have to be that money- oriented and ignore the importance of regular education. Consequently, I do not want to follow all his assertions, although some of them are seemed quite plausible.

Rating: 5 stars
Summary: Rich Dad and Poor Dad
Review: The authors of the book Rich Dad and Poor Dad are Robert T. Kiyusaki and Sharon L. Lechter. They have a good education. The book Rich Dad and Poor Dad is about to give information in how make money works for us. In fact this is the main idea of this book. The book is very good, interesting and easy to understand. There are two things that I like a lot of this book. First the authors teach step by step how make money works for us. Second they teach us about what attitude we need to have in order to have success in the life.
The authors explain the main idea with a good organization. First they teach us the basic concept about business with many experiences that is the most important. Then they help us to understand the assets, liabilities, income and expenses in with are important to be rich. The authors advices us many things in order to get money and make it work for us. For example, he said that we need keep in our mind our own business. Also they teach us about the intelligence business and laws make the way easier to be rich.
For the authors the attitude is very important to have success in our life. Some characteristics that we do not need are fear, cynicism, laziness and arrogance.
This book is excellent to begin the way of business. Rich Dad and Poor Dad is easy to read and almost everybody can understand the main idea of this book.

Rating: 2 stars
Summary: Poor Book
Review: I didn't like this book very much. It is because he praises his "Rich Dad" more than his real Dad who is "Poor Dad." I can't feel his any respect for his real Dad. The worse, he says about his dad that he is like a looser. But I think he is not, he did give him the advice. Simply he was too young to understand it. He is very particular about money.

On the other hand, it was interesting to know his childhood. Now he has a lot of money, but when he was a child, he was poor. He even couldn't choose his friends. But now, he is criticizing what he was in the past. And he didn't know how to make money then. I think it's too bad to embarrass the poor people, especially once he was poor, too. He should have encouraged them somewhere in this book. Instead of just embarrass them. He is the typical person who once get money, and forget what he was before....

If you really want to know how to make money and you decide to do whatever you do to make money, I think you should read this book. But if you just like reading or looking for books make you feel better and is good, you shouldn't buy this book. Especially, you are in the middle class people.

Rating: 5 stars
Summary: Good Book
Review: ...to read Rich and Poor Dad was a good experience because increase my knowledge about money in great form.
One thing that I like is how Kiyosaki to explain to me why the people fall in "Rate race." Before I red, I know about that, but I never had had an explanation about why people works very hard and they continue with serious economics problems. This people when they have a good job immediately, buy an expensive house and unnecessary things consequently their liabilities increase.
Kiyosaki teach how the money works, he said that first, we to study about finances and participate in seminaries or courses. Knowledge is great inversion, because we can learn how to go out from " Rat Race".
Another important thing that Kiyosaki teach is " Take Action". We invest money and time for learning a lot of thing about money, and is not wise don't take action and put in practice our knowledge.
In conclusion I agree with "Rich Dad and Poor Dad" because a found a very good things that help me and other people to take good decisions about how can be use the money and have a good time in this life.

Rating: 2 stars
Summary: poor book
Review: I finished "Rich Dad, Poor Dad" completely. I don't like this book very much because I cannot agree with some of author's opinions. Sometimes I felt bored when I read it. I think "Rich Dad, Poor Dad" is a fictional book. I don't believe that he has two dads in his real life and at same time I am not interested in his story.

The author said, "The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money...but never learn to have money work for them." I disagree with his opinion. Why do we need to learn something about money in school? I don't think every one must learn how to create money when they were children. For example, I don't think Bill Gates, the richest businessman in the world who was already fascinated with computer when he was 12 years old, learned how to win money when he was a little boy. I think the intelligence and interests are more important for a person. For myself, when I was a student, my parents only required me to study hard and I didn't need to learn how to set up my financial ideas because that wasn't my business. When I went to work, I knew what real finance was because the society was the best teacher. I don't believe his rich dad dropped out of school in eighth grade but now is a millionaire. Spending time to learn finances in the childhood and quit learning in the school sounds so stupid.

A reader said, "like eating cotton candy while standing on the cloud." I have the similar feeling when I read this book. Some of author's opinions sounded pretty good but that wasn't fit with true life. How on earth can Mr. Kiyosaki imply that people should wait to buy a house until they can pay cash? Who can actually do this? Otherwise, the author said, "the poor and the middle class work for money." I don't think so. Who doesn't want to be rich? Nobody! Different people have different financial situations, but the common goal is how to change the life to be better. If everyone can win more money and get successful like the author, I think we will live in an unreal world.

My opinion is most people only know about working hard and saving money especially in developed countries. I think this isn't their fault. Who doesn't want to change their life to be better? We can't emphasize personal opinion and neglect the reality. Everything depends on the different situations. Although this book is very popular in U.S., I don't want to recommend it to my friends.

Rating: 2 stars
Summary: Hard to believe a Best Seller
Review: While most individuals give this book a great review I've read the entire book and it gives common sense suggestions that an average person should have already thought off. On top of that the book itself has over 40 misspelled words and has so many blank spots that if you where to take out the blank spots in the book it would only have been around 100 to maybe 125 pages and I certainly would not have paid the asking price for it maybe I would have considered paying half the price asked.
As well as the fact that the authors are definitely pushing through the entire book, "financial education" by buying books well excuse me the authors are in the business of selling books. I've left this book with 2 thoughts:
1. He has a Rich Dad and a Poor Dad
2. Buy Books (and whose books do you think) because you didn't get much info in this book. They make you want to buy others so you can learn from them how to do it supposedly.
Well I have yet to find anything here that is new to a high-risk investor already in the game.
Good luck if you choose to read this book, as it's frustrating to read a book that the authors didn't even take the time to proofread.

Rating: 1 stars
Summary: A Colossal Bore!
Review: The book could have been easily stated in one page. I also think many if not all the anecdotes were concocted. The guy has made himself rich on wind alone. We've been had. There's no way I am going to read his second book.

Rating: 4 stars
Summary: Very Good!!
Review: There are some good things in this book. People will have to rethink whether thier house is a Asset and the way they approach thier life and job.

Except for this book please donot buy any of his other books because it is just a repeat of this one.

Rating: 3 stars
Summary: Some words of wisdom
Review: This book was very interesting and did give me a different perspective on finances. However, it did drag at moments and took a while to get to the point. Overall, it was a good book with some interesting words of wisdom. Kiyosaki is a wise man and he did not give a specific "thing" to do in order to get rich, instead he tells how te rich people became wealthy and how the rich think. This book is good but a challenge to read.

Rating: 3 stars
Summary: Rich Dad, Poor Dad, Middle Class Book
Review: Rich dad, Poor Dad is not exactly the Wealth of Nations nor the Millionaire next door-but it's worth reading. On one level it's an interesting book to motivate you financially. On a deeper level it makes you question some basic principals of parenting, financial habits learned from your parents, and pecuniary prudence (my fancy way of saying the philosophy of dealing with money).

Several of his schemes on how to make money (buying foreclosed property and turning it over for profit) are now used by so many people that it's rare to find such a great deal anymore--it's a good tip nonetheless.

Kiyosaki pounds home some basic (some controversial) points about assets and liabilities--he asserts that your house should be thought of as a liability not an asset like other properties because of how homeowners tend to think and spend unrealistically on their own home.

The title gets its name from the core philosophies of two men, one Kiyosaki's natural father (well educated poor dad) and his friend's father and (high-school educated rich dad). The book includes many examples of what his rich dad would say versus his poor dad. Poor Dad would say: The love of money is the root of all evil, I cant afford it and I'm not rich because of you kids. The Rich Dad would say: The lack of money is the root of all evil, How can I afford it? and I'm rich because of you kids.

As other reviewers have mentioned, this book is great for beginning investors but also provides some great new real-estate ideas to more advanced investors.


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