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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: Thought-provoking book
Review: With this book, Mr. Kiyosaki has made an excellent case for financial literacy . His message is clear: Give yourself a financial education, make money work for you, exercise your financial brain. All praiseworthy points.

This book, however, is not a how-to book (the author himself admitted as such). You won't learn how to evaluate a rental property, develop an investment framework, or discover auctions opportunities. What you'll take away is perhaps a belief that you need to educate yourself financially.

I recommend this book highly.

Rating: 1 stars
Summary: Holy Moly! Quite possibly the worst book I've ever read.
Review: This book passes off boring stories of flipping property and investing in mutual funds as investment advice. I think his approach is shallow and borderline reckless. I am an entrepeneur on my 2nd business so I understand risk. Risk is calculated and based on knowledge. This book does a poor job of laying out a responsible way to deal with money.

Rating: 3 stars
Summary: Rich Dad Poor Dad
Review: I'm glad that I choose to read Rich Dad Poor Dad, because as I was not aware of a lot of the money issues he brings up in the book. It's not your usual economy book it's easy to read and the messages it sends out to the reader are very straight forward. He spells them out to you. I feel that I have a better sence of what I need to do with my money now and especially after college! Don't become a part of the "rat race".
As much as I felt I gained from the book if you are at all educated in this field, the book may seem extremely repeditive and dull. The stories he tells are the most interesting parts of the book, because it put real people in real situations. However when he goes on and on about they way things worked I got a bit board. If he had stuck to teaching us through the stories it would have been perfect, but after a while I began to loose interest. On the most part I enjoyed the book because my literacy on the subject was slim to none and I would recomend that if you are in the same boat as me read the book to further you financial education, but if you are already economically literate this book may be boring to you.

Rating: 4 stars
Summary: Best thing about it: makes you think
Review: Robert T. Kiyosaki presents us with a book where some concepts of Stephen Covey (7 Habits) and Emotional Intelligence resound, but constrained within the bounds of personal finances. Concepts such as not letting emotions such as fear rule over your financial decisions (easier said than done, most of the time), postponing immediate gratification, and responding with a proactive mind (and a proactive language) in the face of financial adversity, are examples of this.

However the author has some contributions which might shock you both for their originality as much as for how the go against what's established as acceptable. Yet that's what makes the book as appealing (or discouraging for some).

We all agree (I hope) that money is not taught in schools, not money management at the personal level, at least. And when/where it's taught, in general it's with a great deal of care, avoiding risk. Well, the book teaches you how to manage risk, how to take calculated risks. What for? In order to make money WORK for you and have you get out of the Rat Race. This can be better understood by thinking of how to create enough wealth within your assets (and he doesn't count the home you're living in as one, so that you can begin counting it out) to pay for your monthly living expenses, so that you don't need to depend on a job for that, which is the case of most of us. The kind of assets he talks about are businesses that do not require your presence, stocks, bonds, mutual funds, income-generating real estate, etc.

The book also goes to some extent into some of the advantages of incorporating your own corporation, but it is by no means an exhaustive guide on the topic; it goes into why you should work not for money, but in order to learn. To have each job as a learning ground on which you can build skills which you can later use for yourself as you run your own corporation or company. Does this sound a little selfish? It might be, and that's another paradigm which the book attempts to break: to mind your own business, meaning to do what you have to, but not to loose sight of your financial goal. The author's point is to make the best of each work experience and learn as much as possible from each. Learn about the management of cash flow, systems and people as the key skills needed for success later on.

As for negatives, one thing I found about the book was that it could have used some more editing. At times the author suddenly jumps between thoughts from one paragraph to the next. Ironically enough he admits in the book that he's not one hell of a writer (and that's OK), but the editor could have done a better job. The other thing is the level of the book. When you're done with it, hopefully (as it did for me) it leaves you thinking, which is a good thing, but it also leaves you with a bunch of questions. My guess is that the author just wouldn't give out the entire 'enchilada' to you in one book (after all he's a business man!) so some of the answers can be found in other books of his, or written by his associates (other authors of the Rich Dad series). Other than these two things, I found the book interesting, useful and quick to read (doesn't
take anything else beyond an open mind).

Rating: 5 stars
Summary: Think Differently About $$$$$$
Review: I am amazed at the negative reviews of this book. It seems that most of the reviews focus on the obvious shortcomings of the book, namely the poor writing style and incomplete suggestions for obtaining wealth. What few seem to note is that this book teaches you to get out of the "rat race" and stop consuming. It challenges you to look at assets and liabilities differently and makes one realize the tremendous risks of being dependent on an employer their whole life. Take the good from this book and it while change your life. Could it be that the CPA's don't like this book because it's at cross purposes with the advice they give about buying a bigger house for a better tax write-off? Look at the book for what it is, not what it isn't. It is WELL worth the $15. I've given copies to my entire family and some of my friends. A very worthwhile read....if you're tired of being a slave to money. Otherwise, don't bother.

Rating: 1 stars
Summary: Rich guy, stupid guy would be a better title.
Review: The main point this book makes is to buy assets not liabilities.
An asset is defined as something that puts money in your pocket, a liability takes it away. The way this guy is really making money is with all his best selling books (with spelling errors). I would recommend multiple streams of income by Robert Allen, at least he admitted to making millions off a book. If you're clueless about money and in debt, maybe this book will convince you to not be stupid with money. A lot of people are bad with money, that is the reason for the great reviews.

Rating: 4 stars
Summary: The book tells us not to play money safe, play it smart!
Review: This book inspires me to think about my future and encourages me to take action to get out of the "Rat Race". I think the key point in this book is "let money works for us!" The author uses 6 chapters to teach us how we can do that.This book tells me a different view about money and I understand money better now. I am totally agree with the author that " work hard in school and get a good and stable job" doesn't really work today.There are many people who are well educated but still they are struggling with MONEY! They are working for money all their life. I still believe that what we learn today in school is very important for us, however, I think it is also important for us to understand how money works. We should know how Rich get rich. I don't want to work for money all my life and live in the "Rat Race".

Rating: 3 stars
Summary: Rich and Poor
Review: I found this book to be very repetitive but informative. While reading this I ignored the tendency of the book to be quite repetitive and instead I listened to the Authors points and tried to learn from them. This book helped my to realize the mistakes my mother made with money. I have realized she is truly in "the rat-race". It also helped my to realize the things my father has done right with money.
I noticed when I discussed the book with people who had read it the ones who enjoyed it seemed to have parents that weren't the well-off money wise, and the ones who didn't enjoy it had parents who were more well off and had given them some knowledge about money. I personally felt like most of the information he reiterated numerous times I had always just thought of as common knowledge. But I did learn things I didn't know so I enjoyed the book. Also I enjoy the book because I learned something from it about my parents. But I only give it three stars due to his repetition.

Rating: 2 stars
Summary: intresting...too many details
Review: Robert Kiyosaki discusses his experience with his two fathers. One of which is actually his father, while the other is his friends. Kiyosaki explains his experiences in his childhood through which he has learned different lessons from each father. One of which was rich while the other was poor. Each story that he tells has a lesson behind it. Even though both give Robert advice, he mostly takes financial advice from his rich dad. His rich dad has experience in business while his poor dad is highly educated. However, education does not account for much in business. The poor dad explains how education is a fundamental in business, while the rich dad explains that street smarts are more important. A point is that people who want to be rich should do background and research in order to be prepared.

i enjoyed the book, however i am not a fan of authors who go extremely into detail....definetly dont buy it...check it out from a library...if you enjoy it...read the others as well

Rating: 4 stars
Summary: Good book for a beginner
Review: This was fairly good, although I think it could have been greatly reduced. At age 21, I never really thought of what it took to make more money. I always thought that it was the doctors and lawyers who were rich. Turns out that it is "what you keep-not what you make)

The reason he won't tell you exactly what type of stock to invest in, or which piece of real estate to buy, is because opportunities change. If someone told you 200 years ago that buggies were a profitable business, he would be right. If someone told you today to start up a buggie business, you would be closed on opening day. "Look for opportunities where others don't see it" There that's the concept, and I don't see what's so hard about it. You have to think on your own.

Some have said that this book is poorly written because it has many contradictions. Well, so does the Holy Bible. It says "Love thy neighbor" than says in Levictus "Anyone who works on Sunday should be stoned to death". Yet...that too is a popular book.

I would also suggest reading Multiple Streams of Income by Robert Allen.


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