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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: 2 stars
Summary: Wild ideas and ambitions.
Review: This book has some radical new ideas that may lift a person's motivation but overall I didn't learn anything that is practical and most important financially sound. Taking risk is emphasized and investing in real estate is his main source of income but I think the numbers and stories are exagerated to increase its efficacy. I really didn't enjoy the book and besides there were some bad rumours about this author's honesty circulating the web.

Rating: 4 stars
Summary: You Can Be Rich, Too
Review: This book really struck a chord with me. It totally changed the way I think about money and work. Most of the concepts were new to me at the time and I read it in one sitting. Since reading it, I have learned that many of the financial details are wrong. Accountants and bankers hate the book. So what if there are better accounting books on the market? None of that changes the impact that the book had on my life. I think of it as a catalyst to futher reading and education that I may never have done. I am so very glad I read it, but with inaccurate details I give it four stars.

Rating: 5 stars
Summary: Wealth by stealth
Review: Yeah, so he's a really annoying kind of guy but reading this book gave me a slap upside the head. People get fooled and pick this up as a get-rich-quick book but once you've read it, your thoughts about money have very probably changed.

A lot of the critics miss the point. Yes, it's obvious - once someone points it out. Yes, not everyone can make money in real estate the way he did but he does point out that these are just examples and he can only give examples from his own experience and the reader's experience will differ. Yes, it doesn't tell you how to make yourself rich.

Remember that anyone who has any surplus money to put aside (even if it's just a dollar a week) can start down the path. The whole middle class can afford to do that. If they can't, they need to put themselves in a position that they can do that. Downsize the family home, cut up the credit cards, sell the second car and buy a bicycle, whatever it takes.

This book is a starting point, not the handbook. Only you know what assets you have, skills you have, opportunities you have and what liabilities you can lose.

As for children, my son's pocket money was just spending money but now its purpose is for me to teach him financial literacy.

Rating: 4 stars
Summary: Good motivation for wiser money management
Review: I bought this book for two reasons. 1) It was a best seller so I figured it must be good. 2) Because I'm wanting to teach financial wisdom to my own children.

It didn't turn out to have much practical information to help me teach my own children, but it did have some good motivation. As an educated worker (that would equate me to "poor dad") caught in the rat race of life, I was motivated by this book to develop my own "financial intelligence" (which is a point he emphasizes over and over in the book).

His basic premise is that the vast majority of people have no training in financial management and never really develop any "financial intelligence". They get an education, find a job, take out a mortgage, have kids, save for college, and hopefully end up retiring at 65 with just enough to keep their heads above water. But few people really utilize their potential for acquiring wealth.

He emphasizes the need to have assets (which he defines as anything that generates income without requiring a lot of labor time - this excludes your home mortgage). The more assets one aquires throughout their life, the more income generating capacity they have. This is so obvious it shouldn't need to be written, but few people ever takes steps in this direction. While the book didn't have a lot of practicle "do this to get rich" type examples, it did cover important principles and was quite motivational.

I'd recommend this book for anyone that wants to start developing "financial intelligence" and work toward getting out of the rat race.

Rating: 5 stars
Summary: College Student..."It changed My Life!"
Review: I am a college student about to graduate and in the five years I spent in school not once was I taught the neccessary methods or practices needed to be successful and get out of the "rat race". This book opened my eyes and excited me to the world of buisness. I wish that I had read it in high school! I could not put it down.

Rating: 5 stars
Summary: Starters Giude for Finantial Morons (95% of the population)
Review: The book starts seemingly slows. I remember wondering "Why all the history", but the book flows very smoothly into the main idea . Knowing all the history, all the small details the author gives, brings meaning to his successful Finantial life.

The author tries to build the book the way the reader should build their finantial intelligence: with solid foundations. The books progresses with small, seemingly lacking, examples, and progresses quite well and in depth. Should be a required college reading, but I in a well feel better that I know something that lacks in our current higher education system. This book is excellent for people with confusions in their minds about life: will compliment nicely some human psychology book. It is written in a way a finantailly-sound parent will teach their kid in a lifetime. This book might as well be a one of those "...For Dummies"; just very diffucult to decide if it should only be call "Finantial Success" or plainly "Guide". What I am trying to say if not obvious yet: READ IT... then read some of the suggested readings through-out the book.

--SZZ

Rating: 3 stars
Summary: Rich Dad, Rich Writer
Review: If you haven't learned the truths of this book at home, you better read it here. This is a fast read of common sense truth, that will challenge you to examine your motives for work. Kiyosaki has a passion for helping people realize they are ultimately responsible for their own wealth (or lack thereof). His big secret is pretty obvious: spend less than you make. I was glad to have picked up this book, and you will be, too.

Rating: 3 stars
Summary: I've seen worse, I've seen better
Review: What I did like about the book was that one should focus on buying assets, not liabilities. I know that's elementary but I think it's important. Maybe he should have spent some time explaining how to turn your liabilities into assets. There, there's a book for somebody to write.

I guess a lot of people want a book that says, step by step, how to become rich. There are tons of books out there that insinuate that that's what they do, but 99% of them are bogus and I haven't found any of the 1%ers. This isn't one of them.

One thing I didn't like was the author saying, in effect, the way to make money in stocks is to put a lot of money in a stock that is about to take off, per "insiders' information". Yeah, that's real practical.

I think I know the real way to get rich. I'll give you a hint, Kiyosaki did it, Carlton Sheets did it, Robert Allen did it. No, not real estate.

Rating: 4 stars
Summary: A must read if you want to build true wealth.
Review: This book really opened my eyes. There's nothing really new here, I'm sure, but no one else has ever told me these things! I was one of the financial illiterates this book was written for. This has really altered my thoughts on what you need to do to build true wealth, and I will be taking action on its suggestions. If I get nothing more out of it than working to get as much of my income in pre-tax dollars and living off what my initial income earns rather than the income itself, this book will have paid for itself hundreds, maybe even thousands of times what I paid for it. Regardless of anything else that may be wrong with the author or some of his specific principles, as many have suggested, this book is highly valuable for teaching these basic lessons. I will also be buying the other books and products by this author. I marked it down from a 5-star rating because it's sometimes a bit simplistic and repetitive.

Rating: 5 stars
Summary: Who Wants to be a Millionaire?
Review: A few years ago I made a conscious decision to become an entrepreneur. My goal was to start my own business and to become a millionaire before I was thirty. "Rich Dad, Poor Dad" by Robert T. Kiyosaki was one of the missing pieces to the puzzle. When I read this book, and then later when I bought the audio book,I realized how much of becoming wealthy involves mental conditioning and perspective. This is a great book for any aspiring millionaire-to-be...


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