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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: 4 stars
Summary: A remarkable book of making us think about our common sense
Review: Author Robert Kiyosaki is an investor, best-seller writer and teacher for people who are eager to make money but don¡¯t know how to do it -like us.

At this book, he encourages us to mind our own business instead of depending on a safe secure job that might guarantee nothing anymore. Additionally, he stresses repeatedly we have to learn how to be the master of money, not the slave of money. He doesn¡¯t simply show the direct way to the wealth, but advises the various kinds of methods of mastering money.

Therefore, this book is, I think, quite effective to improve each person¡¯s skilled power to make money individually. Even though we don¡¯t completely agree with his opinions, at least we can figure out our status to money-slave or master-by this book. And that will give us strong motivation to develop the sense about money. That¡¯s why I recommend this book.

Rating: 1 stars
Summary: Waste of money
Review: This is one of the worst books on personal finance I have ever read. In brief, the guy appears lying about his wealth, educational background, does not know much about tax (which he claims to be an expert, among other things) etc....

Instead of buying this book, better subsribe to Kiplinger's or Money - it will definitely have a better impact on your personal finance.

Rating: 4 stars
Summary: Food for thought...
Review: The storytelling can be long winded, but the ideas are valid. Kiyosaki explores the way the rich THINK about money and how it works for them. His explanation of assets (puts money in your pocket) and liabilities (takes money out or your pocket) was interesting and made me think. Financial education is the focus of this book, in terms of how money works and how the tax system in the United States "directs" how the rich play the money game.

Kiyosaki doesn't provide any "how to" advice, leaving that for his "Investment" book. He pushes how one must change their thinking if they truly desire to become rich. This book was worth reading, but to achive any of this, it seems more reading is in order. :)

Rating: 5 stars
Summary: Could NOT put it down for a second
Review: This book has completely altered my way of thinking. It was so fascinating to finally learn what I hadn't in school. I am terrible with my finances, and now I know why. Not only do I know why, but I know how to set my sights to avoid it in the future. I would just like to thank Mr. Kiyosaki for writing such an eloquent book on a subject that needs more attention. He doesn't give you a specific 'THING' to do in order to get rich (a good thing, because everyone would have done it, and that would have ruined it for everybody), but he tells you how wealthy people got that way. If you feel like you're "missing" something in life, or if money seems like an impossible dream to you, do yourself a favor and read what Mr. Kiyosaki has to say. You'll be pleased, very pleased.

Rating: 5 stars
Summary: Very insightful book
Review: I found this book enlightening and changed my perspective big time. I was taught all of my life that I should go to college, get good grades and land a salaried job then work my way up. However, I wasn't taught about the dangers of credit card debt and less emphasis on investing. This book isn't about finding best job or pay, but about what's keeping you from being rich. It's a great book and very easy to read. I understood the basic concepts and I wish I learned those facts when I was younger and prevented myself going into debt in the first place. And to invest. If I avoided both mistakes, I probably would be traveling all over the world by now because of the investments to keep me out of hot water and not have to worry about finding the BEST job out there or higher costs of living, and only do what I love to do. Enjoy life and worry less.

Rating: 4 stars
Summary: Thought provoking ideas
Review: Well a friend recommended this book to me and I figured it was just another get rich quick scheme. I found out that it is nothing like that at all. Mr. Kiyosaki gave new ideas and new areas to educate myself in. I would not use this book step by step as a road map to riches, but it does have some good points to send you in the right direction. So keep an open mind with this book, but don't think of it has guaranteed ticket to riches.

Rating: 1 stars
Summary: One good point with a lot of fluff
Review: I will save you the expense of purchasing this book by telling you its only worthwhile point: Buy income-generating assets and limit liabilities. I haven't spoiled anything. This is found in oodles of basic economic textbooks. There. Now you can go outside and play in the sun with loved ones rather than wading through the mind-numbing contrast of a financially rich dad to a financially poor dad. Also, the title should have a disclaimer that "rich" and "poor" apply merely to finances, for it's exactly the opposite the case when it comes to the richness and poverty of character for each dad. In fact, if it weren't for the thickness of the crass consumer, I'd suspect that this were confederate agitprop for Marxism. I'm sure Marx is smiling in his grave over the depiction of a rich dad who got that way by exploiting workers with the smallest wage possible why the dad who actually cared for others had financial difficulties.

Rating: 5 stars
Summary: Changed my attitude about money
Review: I loved this book; I couldn't put it down. If you want your money to work for you, instead of constantly working for it, I would strongly recommend this book.

Rating: 5 stars
Summary: This book will change your life - if you want it to.
Review: Outstanding information. I always wondered why as a smart and successful business owner I was not weathier and in control of my finances. I now understand that I simply didn't understand the game of money. I highly recommend this book.

Rating: 1 stars
Summary: Look past the story and you'll see there's nothing there
Review: Granted the story of the two dads makes for an interesting read, plus the author writes in a manner that's motivating, but closer inspection reveals there's no practical advice you can put to use.

Kiyosaki starts off with a rather long rant about the poor quality of our educational system in regards to personal finance, then expands to a "haves vs. have nots" argument. Both arguments I agree with for the most part. So what's the solution? Simple, says Kiyosaki, just make your assets generate enough cash flow so you don't have to work anymore. Easy, right?

From this point until the second half of the book, the author argues that real estate is a liability, not an asset. I find this hard to understand considering he admits the majority of his wealth was accumulated due to buying and selling real estate. He considers buying and selling stocks an investment, but not real estate?

He then goes on to say the "big secret" of the rich is through the power of corporations. It's at this point an intelligent reader should discover that this book is grandiose in theory, but lacking in specifics. There are no steps to pursue, no ideas to follow, not even a basic framework on what an uninformed reader should even begin to study in order to learn these "big secrets". The emperor has no clothes. He does, however, have many $200+ items at the back of the book to sell you.

The truth is, authors like Kiyosaki strike a chord with all the gloom and doom examples of people on the brink of bankruptcy. Well, duh! You probably aren't looking at a book like this unless you're trying to improve your financial health. A lot of the five star reviews use the word "motivating" in their description of this book. Chances are you were already motivated before you started reading it. As far as specific steps to take to make a difference in your life, you'll need to look elsewhere.


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