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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: I never let my schooling interfere with my education
Review: RDPD, provides a good dose of financial reality to tyro investors. Kiyosaki's successful personal experiences help the reader understand the relevance of removing oneself from the "rat race" of working for money to spend, but to have money work for oneself. RDPD serves as a feel good book that makes any reader come to the conclusion that school is not life, and will not help financially. It is a good book for any high school student interested in beginning to develop a trained investor mind, however, do read it like a novel; if any part is boring skip over it and don't simply read over the life lessons and not actually think about them. Kiyosaki accurately depicts the hidden factors of the successful financial sphere.

Rating: 4 stars
Summary: Simplistic, But Excellent Advice
Review: When I started this book, it seemed very simplistic, although written in an engaging style. I thought what he had to say was interesting, but didn't feel it was going to tell me anything I didn't know. But the more I read, the better I thought the book was. By the time I finished it, it really did help me and motivate me to change my circumstances. He doesn't tell you what to DO in this book, although he does give plenty of examples of what he did for you to think about. What this book is trying to do is to change your METHOD OF THINKING. And it really succeeds, as far as I'm concerned. He reminds me a lot of some very successful people I know in real estate, the way he thinks and talks.

Rating: 4 stars
Summary: Ignore some advice.
Review: Excellent plan, but let's hope your children can ignore some of the off the wall suggestions such as skipping college.

Rating: 4 stars
Summary: A good "first book" for those looking to change
Review: Reading this book has made me realize I need to change the way I work and how I approach money. I have recommended it to most of my frends.

This is not a book for seasoned investors, or for people who know a lot about running businesses and dealing with cashflow. It is a book for a "regular Joe" who wants to take control of his or her financial future.

Robert's story unfolds converstationally, teaching you the things he learned the way he did - as a 9-year old who was given simple and basic ideas that began changing the way he looked at money. Because of this, the elements he teaches are repeated often, incrementally building on one another. They are taught in simple and broad terms that allow you to digest things slowly. (Probably why most of the investors and business owners who have written reviews here have rated this book poorly.)

This is not a how-to book; it won't give you step-by-step instructions on building wealth and assets. What it will do is point you down a path you've never seen before, and give you enough of a nudge that you'll want to explore it further.

Rating: 2 stars
Summary: This is NOT a personal finance book...
Review: ... This book should really be solely evaluated as a MOTIVATIONAL book... really to get you to think about building wealth and taking calculated risks. I am an entrepreneur and the child of two self-employed parents. The only way I was able to tolerate the inaccuracies and exaggerations found in Kiyosaki's specifics is because I have the experience, instincts, and education to divine the useful from the useless. I fear that too many readers take his tales for canon. For the most part, Kiyosaki gives a few bits of advice that are useful (e.g. "Make money work for you") and then garnishes his points with exaggerated examples that make things look easier than they really are.

Either way, here's the bottom line: Kiyosaki is a "get rich quick guy" but fortunately, instead of having to make 4 easy payments of [$$$] you can gain all of his wisdom for 12 bucks. I would NOT reccommend his other books as they are simply efforts to build upon the success of the original. He has even resorted to late night infomercials! To be honest, I feel like this guy got rich off his book, in real estate as he claims. The only reason I don't give him 1 star is that the book does have motivational value. As I said in the beginning... this is NOT a personal finance book!

Rating: 2 stars
Summary: Very repetitive
Review: I bought this book on a recommendation from a friend. While it wasn't horrible, I couldn't get past how many times the author restated the same thing. He gets stuck on a topic and won't move on. I got it the third time you said it. I also thought his financial examples left out many important items. He talks about making money out of no money. How can that be? His example states that he bought a $75,000 house for $20,000. In the end, he sold the house for $60,000 so he said he made $40,000 out of nothing. In the end, he might have made out but for some period of time he was out 20 grand. Am I missing something here?
I wish I had checked this book out from the library. There's some fundamental principles we can all follow but it's not worth a purchase.

Rating: 5 stars
Summary: I just got my MBA...Is it Worth it?
Review: After reading Rich Dad Poor Dad, I learned more in this book than I did in all 6 years of College & Grad school. Kiyosaki entails what schools do not teach you. Rich Dad Poor Dad is really an eye opener to what is going on out there in the financial world and who reaps the greatest benefits. The book makes the reader reconsider his position in life. We are all taught to get good grades and find a good job. Kiyosaki teaches us all something different.

Rating: 1 stars
Summary: Seen good personal finance books-----This is not one.
Review: Where to start? I got this book from the library and returned it after reading about 50 pages. The style never caught on with me. He offers nothing concrete in terms of advice. I have also seen this advertised on late night infomercials. Better books I would recommend are:
How To Get Out of Debt,Stay Out of Debt, and Live Prosperously By Jerrold Mundis

Your Money or Your Life By Joe Dominguez and Vicki Robin

The Unofficial Guide To Beating Debt by Greg Pahl

The Millionaire Next Door by Thomas J Stanely and William D. Danko

These books have more concrete suggestions in them. They are BS free (unlike Rich Dad.....). They will help you. This book will only make someone else rich. Don't buy this. Instead, buy any of the above books--or any other sound financial book out there.

P.S. Also can recommend any book by The Motley Fool (aka Tom and Dave Gardner).

Rating: 1 stars
Summary: Pointless pontificating
Review: The book spends a lot of time lecturing, scolding, and making often cold-hearted barbs at anyone who doesn't do as the authors say....which isn't hard since the authors don't really say anything at all.

The book's entire useful information could be summarized in one sentence: "find high-return, tax-free investment opportunities and use them." HOW to do that (the main reason people buy investment books in the first place) is a subject almost completely ignored. Whenever concrete investment examples are given, they are inevitably prefaced with a "don't do what we did" disclaimer - which makes one wonder just what the point is.

On and on the authors go about "attitude", openly praising tax shelters for the wealthy, jeering at the low-paid as "deserving what they get", scoffing at the value of education and learning - all the while failing to provide the reader with any practical suggestions. "Take risks, stay away from credit card debt" - most readers already know this.

It's telling that the authors, who have little regard for formal education, praise spam e-mails and cassette courses advertised on late-night infomercials as providing useful financial information. And why shouldn't they? This book is the kind of thing advertised in an infomercial - long on claims, short on material.

Perhaps the silliest thing the authors say that full-service brokers provide better returns than discount brokers, something that any experienced investor knows to be false. There's no need to spend money on Morgan Stanley's high commissions - and no need to spend money on this book.

Rating: 2 stars
Summary: Too Long, Too Obvious
Review: This book could have been much shorter and just as effective. The basic premise is obvious, but I suppose there are those out there that find it a "revelation". Suggest you get from the library instead of purchase.

Is useful as a reminder as to what you should be doing, but low on practical "how to" applications.


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