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Summary: J-O-B is a swear word in our house.................
Review: Robert's book has remotivated me to focus on the principle, my money works for me, not, me working for money. Another valuable insight he shares is the alarming number of students, workers and professionals who are financially illiterate, and stuck in the 'rat-race.' As a self-employed real estate consultant I have a mission to educate my clients on reducing liabilities and building assets. As a youth mentor, I have a passion to teach kids to work smarter, not harder. I have used this book as a guide.
I bought the book and the audio CD, which I finished in less than a week.
I highly recommend this book for client, wedding, and graduation gifts.
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Summary: RIch Dad, Poor Dad, Dysfunctional Premise
Review: The entire premise of this book is flawed. Getting rich the easy way and spending lots of money are a hook and bait used to lure people into bad schemes.Robert Kiyosaki's philosophy of 'get rich quick' and pushing the spend big lifestyle are foolish.
Rating:
Summary: Good introductory book
Review: A very good book for those trying to figure out why after many salary increases they have yet to show any assets for them. The mystery is solved in this book. The book does not provide the reader with a detailed map towards financial independence but it does point out why the majority fails to reach that pot of gold.
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Summary: Rich Dad, poor Dad; What the rich teach their kids about mon
Review: Life Changing Material. Robert Kiyosaki teaches his readers to open their eyes to amazing world of investing. As per the author, there are three folks in the world, the poor who have nothing but expenses, the rich who have nothing but assets, and there are the majority of us (In the USA) who fall into the middle class. The middle class are the folks who think they have assets which really are liabilities. All my life I thought that the home is one's greatest asset, how wrong I was. Read this book and start seeing the world as a place of endless opportunity.
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Summary: Get Ready To Change Your Mind-Set!
Review: This book will open your eyes and mind to a different way of thinking. At first I thought the author was "off his rocker" but as I read further it started making more and more sense. As others have pointed out, it is not so much a "how to" book as it is an approach to developing a mind-set of the rich. Some of the material is repiticious but maybe it was intentionally done to drive home some of the points Robert tries to make about his two dads. You will certainly look at assets and liabilities differently after reading this book and more than likely make some changes for the better in your life...and isn't that why you are considering the book? It was hard to put down and I was pleased with the read. I think you will be too.
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Summary: Eye opener !
Review: I am a 35 y/o computer person. As I grew up, my parents told me to go to school and become an engineer, or an accountant, so that I could have lots of money. I grew up thinking it would happen, and my belief got stronger when I chose a profitable computer carreer. However, I spent 15 years working on computers, with many over-time hours, and lots of time away from friends and family because I was learning newer technologies to try to make more money. However, I never got rich, I made good money but I was never able to accumulate more than $5,000 on my bank account. I never understood why after working so hard, money was still a big concern! I figured out that there's gotta be another way to become wealthy. I gave it my best shot at studying and working hard, and years went by and things didn't get better. I started looking for information on wealth accumulation books, and a friend of mind recommended this book. This book has been very enlighting, I wish I had learned the principles shown in here 15 years ago. If I had, I know for a fact that money would not be a big concern for me today. I feel much better now because, even though I don't have lots of money (not yet), this book pointed me in the right direction. I also recommend "Think and Grow Rich" by Napoleon Hill. It goes deep into detail about what to put in your mind if you want to become wealthy. I hope my review helps.
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Summary: A philosophical approach to becoming rich
Review: Go to any bookstore and you will find tons of books on how to make money, how to manage it, and how to "get rich quick". What makes this book stand out is that it explains how to develop a philosophical approach to looking at money and how you use it. The author's outlook was shaped, as explained in the first chapter, by his two "Dads", one his real father, a well-educated bureaucrat who, despite earning a decent salary, never seemed to stay more than a few steps ahead of the bill collector. His other "Dad" was in fact the father of his best friend, a high school dropout who nonetheless went on to become one of the richest men in Hawaii. Naturally, it was this second Dad who passed on vital lessons of financial savvy, which allowed him to retire at 47. His central premise is this - his "Poor Dad" (who he usually refers to as his "Educated Dad") followed the conventional road to success, namely, get good grades, go to college, then get a job with a large organization that provides good job security and benefits, yet in the end his Dad never broke out of what he calls the "Rat Race", the never ending cycle of paychecks, bills and debts in which he believes far too many Americans are stuck. In contrast, his "Rich Dad" focused on learning how to make money, and ended up handing his son a financial empire. From these dual role models he derived his own approach to becoming rich, which of course he lays out in his book. At the core of his approach is the belief that, to become truly successful, one needs to become financially literate, to understand how to build assets and to structure your life so these assets (defined as anything which produces income) exceed one's liabilities (that which takes money out of your pocket) Unlike most money management gurus and authors, he doesn't delve into details and specific strategies (aside from recounting some of his own successes) but instead spends most of his time laying out a philosophic view on the process of becoming wealthy. Because his central premise is simply this: The reason the rich are rich is because they view money differently than the rest of us. For example, his educated Dad advised him to climb the corporate ladder whereas his rich Dad asked simply "Why not OWN the ladder?" And make no mistake, he is writing to people who want to become RICH, not to folks who simply want to know how to buy mutual funds or set up a portfolio. And implicit in this is the desire to take risks, and follow the less traveled path. As a result, people who prefer safety and security will probably not like this book much. Another group who won't like it are those on the political left. He makes clear he dislikes high taxes (or "working for the government" as he puts it) and finds them unproductive, since the truly rich can afford to hire top accountants and lawyers to shelter their cash thus leaving the educated upper-middle class to take the brunt of the tax burden. He clearly thinks being rich is a GOOD thing and that he doesn't like the government acting as if people like him are villains to be punished via the tax code. He also takes shots at the education establishment, which he charges as being archaic and designed mainly to produce good employees as opposed to teaching people to be financially literate. And, since he has a passion for dealing in real estate and uses examples of this to explain how he made money, some people may find this off-putting, thinking to themselves "I don't want to read a book about how to get rich in real estate!" while missing his larger points. Also, some people might take offense by reading into his book that he thinks most working and middle class people who work an honest job are chumps, but that also misses the point. I believe he is instead trying to say that most people, due to a lack of financial literacy, fail to seize opportunities and that what he really wants is to see more people living happier lives because they are controlling their money as opposed to being controlled by it.
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Summary: Listen to his good points, ignore the rest
Review: I've read a number of reviews here that comment on Kiyosaki's poor writing style, his obsession with money, his 'risky' investment schemes, etc. If you focus on that stuff you'll loose the priceless concepts that actually are contained in this book. If you focus on his underlying principles of how to wisely conduct your financial life, you'll get a lot out of his writings. This book's goal is to help the reader get into the head of someone who is, or has the capacity of becoming very wealthy. If you're open to changing the way you view money, at a very fundamental level, then this book is for you. It doesn't list very many how-to's, and it doesn't recommend a specific investment strategy, rather, it introduces you to the thoughts that underly those specific strategies. After reading this book, you'll begin to be able to create your own investment strategies. If not, at the very least, you'll be able to recognize which strategy fits with the way a rich person thinks. Kiyosaki would say that taking two people side by side...a person who thinks in a 'poor' way and a person who thinks in a 'rich' way, take away everything they have, all their contacts, etc. The rich person would very quickly build up a wealth base, while the poor person would stay at 0. Rich Dad, Poor Dad explains what the difference between these two people is, and how you can become a person who thinks 'richly'
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Summary: Bored Reader, Bad Mentor
Review: Throughout the book the author warns us that he is not a professional writter but implies that the conents of the book is what makes the book worth it. However, the book gives a collection of cliche's like "don't work for money make money work for you". The book is short on substance and misleads the reader in many ways.
It seems the intended purpose of this book was to simply make the reader care only for money and tells the reader that he is a big failure unless he is rich rich rich. But the odd thing is Rich Dad Poor Dad doesn't give one bit of information on how to accomplish this. So the devil tells you to love money and when you finally do he doesn't tell you where it is to be found. Hrmph. Classic.
The book is far from complete and I've looked through other books of the Rich Dad series and it actually repeats the same nonsense from the original. As many others have noted, each book merely tries to sell you other Rich Dad products and always leaves you wanting more.
I find it disturbing that so many people have fallen for this "get rich" [book].
I think the thing that bothered me the most about this book was that Kiyosaki feels that the productive and creative individual who uses his mind and labors to make a living is a failure. He teaches the reader that being a fat and lazy business owner is the only respectable vocation.
Everyone should learn how to manage their finances but this book won't help you with that. It'll blind you with visions of being filthy rich while stealing your money from your back pocket.
Rating:
Summary: not bad. i think a lot of negative reviewers overlook something.
Review: while i knew a pretty fair amount of the basic information kiyosaki put in this book, there are an alarming number of people out there who do the exact opposite of the guidelines laid out in "rich dad, poor dad". just because you may fancy yourself a financial genius or just generally smarter than the average bear, it's worth keeping an open mind about how to think about your money. i have a MANY friends that i graduated college with who are in deep credit card debt in their early to mid thirties. the kind of debt that could buy or put 50% down a house in the midwest. none of these people are "stupid" and a most of them make a great deal more the average american (3 to 4 times). the reason they're in debt can be directly attributed to the way that they think about their money and how to manage it. if you have successfully started your own businesses or already have assets that more than cover your expenses, you don't need to buy this book to begin with. spend your fifteen dollars on another asset. LOL. but don't for a second believe that this book couldn't be useful to a lot of other people. the reason this book has gotten a good review from the majority should be an indication that this information isn't taught to enough people. instead of harping on how much knowledge you already had before you read the book, look at it from the perspective of the people for whom it could be very helpful. if you can't think of one friend or family member of yours that does not follow the basic guidelines of this book and couldn't benefit from the accessible style in which it was written, then you have a lot of very successful friends. personally, of all my friends, about half of them could learn a LOT about money management from this book. the other half could probably glean at least enough information to make it worth .... yes, it's repetitive and oversimplified. but as a result i found it definitive and clear. for..., it's worth me buying it and passing it around to my friends that could really benefit from it after i've read it. which took just two readings.
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