Rating:  Summary: Reed vs. Kiyosaki Review: This book gets 5 stars for being inspirational and 0 stars for financial advice. Read it as you'd read all books, with doubt. John T Reed, another successful individual, provides a critial response to rich dad, poor dad here ... I just wished every book came with a critique.
Rating:  Summary: There is only one shortcut to Success - Get Educated! Review: Robert T Kiyosaki is one of the finest financial teachers I have every seen. The way he teaches the basics of financing is amazing. The book though looks very different and appealing but it talks about the same old principals that every financial expert talked about.The wisdom Robert gave us through this book is that teaching the technical financial literacy to even a person who hates the topic could be so easy and simple. It is just the way you see things that they look to you. The concept of passive / portfolio income and the fundamentals of diversification are explained in such simple terms that even a child can understand them, in fact Robert understood them as a child. And if you have the right sources you can guide your children in the right directions and teach them the basics of financial literacy through the help of this book. He has touched all the sensitive topics one requires for success so beautifully that you wont even realize when they came and went. And the best part is you will understand everything just as perfectly as a technical financial expert would. He spoke about diversifying, broadening, systems, marketing, selling, financial understanding, education system, and many other including the most powerful income known as Passive / Portfolio / Residual income. The bottom line is - There is only one shortcut to success, Get Educated! Education is not what you gain in school or college, because that's become a necessity of the society and everyone is doing that. Education is how you groom yourself in your own way, which no one else in your college or school is doing. What is your USP? If you are studying medicine, everyone in your class or even in your industry is doing that. Are you taking a step further and getting yourself educated in the field of management, psychology, engineering, travel industry, state consultancy, economics, etc. To one, this might sound absurd, but this is what Robert talks about - we should know what's happening in and around us, we should be open to new ideas, teachings, and new subjects. By studying medicine you are doing the same thing that hundred other classmates are doing, if you want to be different then do something more than just studying medicine. It is only the knowledge that can take you further. Always remember: Leaders are Readers! And there is Only One Shortcut to Success: Get Educated! All the best and enjoy the book to its fullest. The book contains age-old wisdom modified in a manner that even your 7-year old child can understand what one means by financial literacy and financial independence. Good Luck and All The Best! Happy Reading!
Rating:  Summary: Excellent Book & why others hate it. Review: This book is excellent and a very easy read. The others that rate this book average to poor do so because there are no checklist or details to follow. They expect a roadmap to wealth (holy grail) to be included. I am a full-time investor & I'm proof that the ideas contained within this book work! The concepts are practical & simple. A lot of people that hate this book are caught in the 'rat race', in debt and they don't see any way out. Those rats hate to know that some people have a better plan to achieve passive income without having to climb the corporate ladder. If you truly want a way out, buy this book.
Rating:  Summary: bad advice, untruthful, inexperienced Review: John T. Reed has published an excellent review of this book, more worth reading than the book itself. He comments, Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice. What Kiyosaki is really doing is operating a cult of personality. Anna Quindlen had an excellent article about such cults in the 8/14/00 Newsweek. She was talking about politicians and says they seek to elicit the words, "I don't know why. I just like the guy." Politicians want to be judged by their personalites, not their character or policies. To members of Kiyosaki's cult, it matters not how many false or probably-false statements I find in Kiyosaki's writings. They just like the guy. Personality is an appropriate criterion for selecting someone to hang around with. But it is a highly inappropriate criterion for evaluating Kiyosaki's advice, because he's not going to let you hang around with him and your family's finances are serious business.
Rating:  Summary: cynical and sad Review: Some of the ideas in this book are potentially transformative -- particularly the notion that increasing income through employment is not the best way to get wealthy, or even to get ahead. Ironically, this book shares a troublesome premise with its polar opposite, "Your Money or Your Life." "Rich Dad" promotes freedom through wealth. "Your Money" promotes freedom through frugality. Both disparage WORK as a vehicle for involvement with the human community. I'd venture a guess that most of us aren't desperate to be freed from working entirely. I know that what I would prefer is meaningful, socially useful work (with reasonable hours and work load) and fair reward for the value I create for others/society/humanity. It seems very cynical and sad to conclude that working per se is so inherently degrading that people should seek to avoid it, either by "getting rich and letting other stupid schmoes work" or by shrinking from engagement with the human economy (as opposed to The Economy.)
Rating:  Summary: Middle of the road Review: This book is very basic I would recommend it as a first book for a child who is just starting to think about things like this or for someone who has no notion of how to make their money work for them. It did get me thinking and I did not think the repetition was a problem because I thought he was just trying to hammer the basic principles into our minds. While we may know not to spend and to save our money how many of us have never made an impulse buy that you really could have done without? It is true that it doesn't tell you how but it points you in the direction of other things to read to fill in your understanding.
Rating:  Summary: Save your money... Review: The fact that this book currently rates 4 stars is stunning. It is highly overated, and I'm glad to see that some recent reviewers have correctly stated the case. It's entire premise could be stated in a few paragraphs... accumulate assets and limit your liabilities. But it gives few specific ideas about how to do that. It's just one big, long pep-talk that goes on and on and on... Start accumulating assets right now by not paying for this book.
Rating:  Summary: Buyer Beware! Review: If you are seriously considering buying this book, take a few minutes to consider carefully why you are about to do so. If you are looking for financial advice, I suggest you look elsewhere. Not only did I find Kiyosaki's book vague and repetitive, but I also seriously questioned some of the advice he gives. At one point in the book (that is if he is telling the truth), Kiyosaki admits to insider trading. If you know anything about the stock market, you know that this is TOTALLY ILLEGAL! After seeing this, I decided to llok up some information about Kiyosaki online. The results were not good. ... Good luck in your financial future. I hope you can find a better book to guide you.
Rating:  Summary: Good Information Bad Format Review: Yikes... How many times can you say "My rich dad...." My poor dad...." If you can get around all that, it's not a bad book. Good information in the later chapters, but I didn't care for the delivery.
Rating:  Summary: not the most detail book but it worth reading it Review: I have more sophisticaded books of acounting, taxes and financial management since I'm a financial manager. I found Rich dad poor dad to be a good book, It doesn't have formulas but it does have true ideas, financial formulas are not the clue to get rich. this book worths reading it, it has ideas you don't learn at college, ideas rich don't want to give away so easily.
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