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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: Financial Literacy
Review: Robert Kiyosaki's rich dad is right in saying that most people are struggling financially because they are not financially literate. School taught us to read numbers but did not taught us on how to understand them. Worst of all, there are financially illiterate individuals got elected into government offices who make major financial policies and decisions in our behalf. May God help us all.

Rating: 4 stars
Summary: Great Finance Book
Review: This book is great for revolutionizing the way you think about finances.

Robert Kiyosaki has a excelent writing style that makes this book humourous and easy to read. By placing emphasis on changing thought patterns about money over specific details makes the reader want to find out about how to capture the wealth they are capabile of.

Rating: 5 stars
Summary: Cash Flow - Asset and Liability
Review: Do you know how to manage your money?
Do you know how to make use of your money?
You can get the answer if you finish this book.
After reading this book, I have learnt a very valuable concept "Asset and Liability". It changes my view towards money management.
"Minimize your liability and maximize your asset, you will become rich!"
Try to get more and more financial knowledge from the rest of your life, they will aid you succeed in the near future!

Rating: 4 stars
Summary: Easy to follow
Review: This is a very easy-to-read book that is designed to get readers to rethink their understanding of money. Kiyosaki's examples, charts, and explanations are simple, although he points out that most people refuse to understand that they have missed an idea so simple. For instance, he points out that most people do not understand the fundamental difference between an asset and a liability (asset makes money, liability costs money).

Like most self-help books, everything is not given to you. Kiyosaki does not tell you specifically how to make millions of dollars. He is trying to empower you so that you will understand. This is essential since financial markets change. If you can not learn to read these changes, then a specific plan will be worthless. Think of it like this, you need to go to the basement to get something you want. Self-help books, like this one, merely turn on the light for you and point down the stairs. Only you can walk down there.

There are some good ideas on education. The poor dad is his educated father (if I remember correctly, he had a Ph.D.). He was educated for his job, and as times changed, he was too educated for the job he had, so he had to quit. Kiyosaki points out that we do need education, but we need to be selective in what we learn, and we should never stop learning. As mentioned before, things change and we need to be prepared for that. Get skills that will help you in anything you do.

Towards the end of the book, Kiyosaki discusses donating money to charity. This is the only spiritual aspect of the book, and I am not sure it really flows with the rest of the book. Although I don't disagree, I feel that it undercuts the rest of this book.

I would recommend this book to someone wanting to work toward a better understanding of money.

Rating: 4 stars
Summary: Manage Cash Flow
Review: (From the Department of Marketing, City University of Hong Kong)
This book has changed my concept about money!
The concept of cash flow reminded me not to have liability over asset. If we spend our money on something which brings no income/ interest to us, we just waste our money. Therefore, we should know what is asset and try to get as many as possible so that the asset can generate income/ interest for us.

However, the author did not tell any practical guide for us to follow so that we could be as rich as he to be.

Rating: 1 stars
Summary: Entertaining children's story; waste of adults time
Review: This book like so many others seems like a half brain attempt at making some cash...

If you really want to see what all this marketing is about, buy the book, read until you don't want to read anymore, and then return it before your 30 days are up at Barnes or Borders.

The whole book can be summarized into the following:
1. don't spend your money.
2. invest in real estate
3. try Multi Level Marketing
4. Keep investing your money
5. and lots of hoopla... yadda yadda...bla bla.

You're better off getting into a book that offers some real facts, tools and technologies for new and old business ideas alike that you can try on your own. Look for books without the fluff and look for authors that have a real desire to share valuable information with his or her readers.

thanks. By the way, i do own this book, but i am going to return it today (just 3 days after purchasing it).

Rating: 1 stars
Summary: "Forever Scheming"
Review: I bought and read this book.

Author, under the guise of illuminating a new way of of "The Rat Race", is offering the really old, tainted mindset like a slap in the face, Author's disdain thinly veiled, you know the one, that "shines and stinks like a mackerel in moonlight"? All because, having a deep set fear of inferiority, by the age of 9, he decided he would be rich, whatever it took. Here's the gist:

You're a stupid, scared little chump, worthy to be exploited if you work hard, educate yourself, raise a family and "play it safe" (desire stability). Better you should focus on money: Don't have kids, stay out of debt, avoid taxes, use the corporate shield, invest, take risks, look for opportunities, pay attention to market trends so you can buy dirt cheap and sell high, manipulate the system through loans.

What Author never admits, and never "gets", is that he offers not an escape from the Rat Race, but a life of continual, obsessive-compulsive, self-centered money-minding...just Forever Scheming.

Rating: 5 stars
Summary: Great Starting Point To Change Your Thinking!!
Review: This is not a book to get rich. Getting Rich is entirely up to you and your plan. Though, the thinking taught in this book can start you on your way. It is easy to read and the concept amazingly simple. At worst it will inspire you in a way that will at least keep you from living paycheck to paycheck with a little patience. At best, if you have a financial plan to get rich this will help that foundation for some financial decisions you may have to make along the way.
If you already pay cash and don't carry credit card debts than you need a much more advanced book.

Rating: 5 stars
Summary: Educate Yourself First
Review: If you're looking to get rich quick, find another book. The bottom line of RDPD is - What they don't teach you in school CAN hurt you.

I can relate to many of the examples in this book.

1. Growing up I always heard, "Go to school, get an education, or you'll never make any money and you'll never be able to retire."

I'm 30+ years old and still haven't earned a college degree. I had one line on income last year that brought in six figures. Big whoop, but I proved my parents wrong. Not that an education isn't important, but I think I did fairly well - considering.

2. Know a little about a lot.

As a management consultant, all I can know is a little about a lot. I have to rely on the experts to know a lot about one particular area. And believe me, I look for experts I can trust with my life. Financial Advisors, CPAs, Venture Capitalist...

This book is not a "How to get rich" book. This book simply tells the reader how different people have different thought processes related to money.

If you want to get rich, educate yourself. This one book alone will not provide you with the education you need, however you can claim it as a tax deduction!

Rating: 5 stars
Summary: A book you must read
Review: It is really a good book which is worth to read if you don¡¦t want to be the slave of money.

Go to school; get a better honor and work in a large corporate, then you can gain a better living when you grow up. This concept has been deeply implanted in my mind though my parents haven¡¦t told me for any, the media do.

I was firstly totally trust in this concept, however, when I grow larger and larger, I can see that not every person who have got a first honor degree can earn a high income and have a comfortable lives. They still have to work very hard day by day and worry about their jobs. And I just think this was horrible.

This book ¡§Rich Dad and poor dad¡¨ have given me a hope to escape from this trap.
Yes, the people who got a first honor in Finance may know how to manage the money but they do not know how to come over their fear and emotion and to make the money work for them instead of they work for the money. Mr. Kiyosaki has given us many concrete and useful suggestions to deal with all the problems. If you can utilize the spirit of Kiyosaki, you probably will have a happy live and may be the billionaire in the coming future.


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