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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: Assets, liabilities, and common sense
Review: Mr. Kiyosaki has put together a no-nonsense guide to wealth accumulation. There are no ten steps to massive wealth or futile predictions of stock market bust or boom (See "Where are All The Customers Yachts?"), just a strategy to go from being poor (a mindset) to realizing that while you may be financially broke you are only poor if you decide to be. Along the way a fundamental financial principle is defined, that of assets and liabilities. Simply understanding the difference (or not) can make or break you. Assets increase in value over time while (to many) liabilities bleed you dry financially.

Beyond that, the emphasis of the book is on working to learn as opposed to working for money while letting your money work for you. Granted, you and I and everyone else not the offspring of a millionaire will (out of necessity) spend lots of time working for a paycheck. During those times it's not so much the money earned that is of importance but the experiences and insights into the way business operates, the way deals are made, and awareness of opportunities that open up every day.

In a nutshell Rich Dad Poor Dad suggests that the reader should:

1) Learn as much as possible and try to continually surround themselves with people smarter than they are.

2) Understand assets and liabilities; focus on building assets while minimizing liabilities.

3) Understand how money flows, particularly the tax implications of various investments and financial maneuvers.

4) Develop the resources and contacts necessary to take advantage of opportunities as they become available.

This book will not make you rich; it will make you think and open your eyes to strategies of the rich mindset. Once you have the right mindset, the rest is up to you!

Rating: 5 stars
Summary: Everyone should red this book!
Review: My personal opinion is that everyone that cares about money should read this book,from teenage to elderly.It is full of wise advices of how to manage your money and everyone will see a little about themselves in this GREAT book.

Rating: 2 stars
Summary: Good beginning. Getting worse and worse towards the end.
Review: My eyes really opened when I read the first few chapters of the book. Wow... I thought, I never knew it is so easy to become a millionaire.

Half thru the book an uneasiness began to creep into my heart. I started to notice that he is being conflicted with himself a lot of places throughout the book. Especially because he has earned many millions not long after he graduated (a porsche after the 8th years he worked at Xerox) but then not longer after that he was homeless (1985). I couldn't imagine what I will become in 20 years if I follow his advices wholeheartedly.

Nonetheless, this book does make some valid points, like live below your means (not always consistent in the book), start investing earlier and pay more attention to your finances and the opportunities around you. But I agree that all these things can be said in 20 pages without all the boasting. I am starting to believe that he become a millionaire only after this "get rich quick" book is published.

Rating: 5 stars
Summary: READ THIS BOOK
Review: Kiyosaki's book is excellent. I recommend everyone to read it, for it has changed the way I think about money and life as a whole.

Very well written and easy to understand.

Rating: 5 stars
Summary: Reinforcing what we already know. I love it!
Review: I have read Rich Dad Poor Dad twice then I got the audio version so I could go over it as many times as I want. Great motivation. I would like to purchase the game"cash flow". Anyone know where to find it?

Rating: 5 stars
Summary: Excellent for beginners;Simplistic for experienced investors
Review: I went to Robert's seminar in DC, and it was quite good. He summarized very well about what all this books talk about. Yes, his writing style is very informal and conversational. That makes it very easy for me to absorb investment concepts which have been foreign to me, such as assets/liabilities and passive income.

However, if you are knowledgeable about investing, this book will not be for you. It is like taking a well-taught 101 college accounting course with a MBA degree under your belt. It does not matter how good the instructor is, and it would still be boring because you know your stuff already.

...

Rating: 5 stars
Summary: Now everything I knew is so incredibly clear!
Review: Ok, I admit that Robert Kiyosaki doesn't share anything new. I will admit that you don't need a book (or audio CD) to know the simple truths in this book. But what this book does that I have never seen before is to clarify and motivate.

Clarify: The simple truths in this book are described in such a simple and effective way that I found myself saying "How come I didn't remember that from school?" I may have known the principles in this book on an intuitive level, but this book brought the ideas to the very front of my daily consious thought.

Motivate: Kiyosaki's experiences and anecdotes made me smile and appreciate the learning process that everyone must go through. The simple truths and outstanding optimism for financial growth made me feel like I could be a millionaire tommorrow. Of course, that isn't very probable, but it "awakens my financial genius" as Kiyosaki puts it.

I will warn that sometimes, Kiyosaki can be repetative. At first, I was a little annoyed but I quickly realized that some of the repetition was necessary. The points that were repeated are the points that I remember most.

Rating: 2 stars
Summary: Could have been said in 20 pages
Review: Several hundred pages of 'Buy assets. Don't buy liabilities. Go look for good investments rather than sitting around and drinking beer all the time. People who aren't rich are only not rich because they don't choose to be rich, so use them to help you get rich since they won't think for themselves.' It has some useful info, but no more than 20 pages worth.

Rating: 5 stars
Summary: Awesome
Review: This book has redefined how I look at assets vs liabilities. An awesome book that everyone MUST read.

Rating: 5 stars
Summary: Great Book
Review: Loved the book, it snaps you out of the thinking that all you can do is work for someone else and gives you confidence to go out on your own. After reading all the books, I bought the board game, (cashflow 101)
I wrote a review on the game which you can check out at ...


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