Rich Dad's Escape from the Rat Race : How to Become a Rich Kid by Following Rich Dad's Advice

Rating:
Summary: Rat Race or Financial Freedom
Review:
Robert Kiyosaki's story presents difficult financial concepts in simple English for kids ages 8 and up. The narrative is easy to follow and the illustrations are appropriate to the subject matter. At one point, I felt myself checking my own finances to see if I was on the right track to financial freedom through asset-building versus liability-building!

The book makes readers think about their financial future without resorting to scare tactics. The reader's choice is simple: either continue to run from paycheck to paycheck or create financial building blocks to pave your way to financial independence. The authors warn not to place all your eggs in one basket or spend your pennies on useless junk that will end up costing you more in the end.

The examples are generic with age-appropriate examples such as comic books, bicycles and newspaper routes. The ending is a little overdone, in my opinion, as a child without financial knowledge might not have the wherewithal to open an ice cream stand after one month. Nonetheless, the tone is upbeat and motivating. I highly recommend this comic book for any parent who is willing to help his or her child gain a healthy understanding and long-term relationship with wealth and the benefits it brings.

Christine Louise Hohlbaum, American expat author of Diary of a Mother (2003) and SAHM I Am: Tales of a Stay-at-Home Mom (May 2005), worked at Putnam Investments once upon a time. Currently, she resides near Munich, Germany with her husband and two children. http://www.diaryofamother.com


Rating:
Summary: Making money can be fun!
Review: Don't let the comic book format fool you! Money is serious business. But let's face it -- that's bor-ring! Yet Tim Turtle makes a strong case for achieving financial intelligence when he runs out of money at the amusement park. He thinks the answer to his money problems is to get a job. When Red Rat laughs at him and says he'll never get rich by working at a job, poor Tim is totally confused. But isn't that how to make money? Instead Red Rat shows him the difference between working for money and making money work for him. Based on Kiyosaki's bestselling book "Rich Dad, Poor Dad", this comic book adventure into the world of finance brings money issues to life. How to find moneymaking opportunities and create assets are explored in ways that are fun and easy to understand.

Copyright (c) 2005 by Peggy Tibbetts