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!

by Robert T. Kiyosaki, Sharon L. Lechter

Rich Dad, Poor Dad chronicles the story of the authors two dads, his own father, who wa the superintendent of education in Hawaii and who ended up dying penniless and his best friends father who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a... (read more)

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Member Reviews

  • mskadu
    2 of 2 members found this review helpful.
    • Rated 4 stars

    "Rich Dad, Poor Dad" was given to me by a friend. He had read this book and changed his opinion about the importance of Financial independence in his life.

    One of the things I liked about this book was that the author is a financially successful person, to begin with.

    The books title can mislead a person into thinking that this is one of those "how to get rich" books. It's not! This book goes on to address the mindset behind becoming financially independent. I think this is something very important.

    The book explores the basic concept behind money making. It explains the concept of WHY it's important to be financially important. I've come to realize that it's not about how much the money can buy, it's about getting out of the "Rat Race" so you can turn to things you've always wanted to do, but couldn't because you were spending time at your job.

    The important lesson I am taking away is to NOT shutdown my brains when it comes to learning about things related to money. I now believe that learning about money is one of the most important education one can have.

    mskadu wrote this review Thursday, October 4 2007. ( reply | view 2 replies | permalink )
  • Amanpreet
    1 of 1 members found this review helpful.
    • Rated 0 stars

    Kiyosaki keeps repeating the same lessons over and over again. He basically tells us only 3 things:
    1) Open up your mind to opportunities (Let go of fear, take risks, think creatively, be willing to learn).
    2) Acquire assets, not liabilities.
    3) Increase your income while reducing your expenses.

    Amanpreet wrote this review Thursday, October 18 2007. ( reply | permalink )
  • Prakash T
    1 of 1 members found this review helpful.
    • Rated 0 stars

    A book which gives essential financial knowledge in layman's terms.
    After you read the book, your knowledge about money will never be the same.

    Prakash T wrote this review Wednesday, October 17 2007. ( reply | permalink )
  • pbk
    1 of 1 members found this review helpful.
    • Rated 0 stars

    A ‘must read’ book for all entrepreneurs,professionals & even housewives…one can hardly find a better book than Robert Kivosaki ‘s “Rich dad poor dad” for motivation of getting rich…
    It lets one think that no one has right to make you slave and let you work for hours in growing someone else’s money….we are working for growing our money…we need to work for ourselves first..
    One needs to take the advice of author and implement in their lives…go through business magazines,read like you have hunger for acquiring knowledge of business and what’s happening around us…ignorance is a curse…read ,read and read till you find where exactly you need to put your money.one spend so much for their liability and other things….that at the end of your life you get to know that you have saved few peanuts for you and your family…what percentage of your earning remains saved with you…
    Although one can’t be rich by simply reading this book..it might not be easy to implement it successfully in your lives…but yes---one definitely gets direction and focus….to think & implement.

    pbk wrote this review Saturday, October 13 2007. ( reply | permalink )
  • Seawolf
    1 of 1 members found this review helpful.
    • Rated 1 stars

    I DO NOT recommend this book at all. It is VERY seductive and motivational but contains little concrete advice. When I started researching Mr. Kiyosaki, I found that he made his money NOT doing the things he suggests, but from having his books pushed by multi-level marketing groups like Amway.

    Do your own research and decide for yourself whether he is real or not.

    I suggest starting with the Wikipedia article - http://en.wikipedia.org/wiki/Robert_Kiyosaki

    Seawolf wrote this review Tuesday, October 9 2007. ( reply | permalink )
  • upendrad
    1 of 1 members found this review helpful.
    • Rated 4 stars

    An excellent book which motivates you for asset building ... Really makes you wonder if all the study that you did back in school or college was something that you needed to live a life ... A difference in the approach to making money described in this book is that its going to work for all, dont need to have a brilliant idea to build another google and become rich or some good luck to win in a casino; its straight forward asset building .... Has to work!

    upendrad wrote this review Monday, September 24 2007. ( reply | permalink )
  • DaveH
    1 of 1 members found this review helpful.
    • Rated 1 stars

    This is perhaps one of the worst financial self-help books on the market. Not only does Kiyosaki give bad-to-dangerous-to-illegal advice, much of the story must be fictionalized, because it is internally inconsistent. See John T. Reed's analysis here: http://www.johntreed.com/Kiyosaki.html. If you are thinking about buying this book, SAVE YOUR MONEY! If you absolutely must read this book, let me know, and I will GIVE you my copy for FREE, so long as you don't give Kiyosaki ANOTHER CENT. I'll even pay for postage.

    If you want to learn how to get rich, I'll give you some free advice: spend less money than you earn, work hard, pay off your debts, and learn a skill that is both scarce and in demand (health care, information technology, etc.). This is better advice than everything you will read in "Rich Dad, Poor Dad" put together. Trust me.

    DaveH wrote this review Monday, May 28 2007. ( reply | view 1 replies | permalink )
  • tsteele93
    1 of 1 members found this review helpful.
    • Rated 1 stars

    This book is a load of "you know what!" It reads well, and sounds great, but if you do the research, you will find that the author appears to make his money from writing the books, not so much using the principles in the book. I suspect most people will read this book, feel a bit of elation at the idea of becoming rich, think on it for a while, set the book back on the shelf and never even attempt the ideas suggested in the book. Those that actually do, I suspect will find it more difficult than they expected based on the simplistic and "you can't lose" tone of the book. Your mileage may vary, but I notice none of the reviewers here has actually changed their life with this book.

    tsteele93 wrote this review Saturday, October 14 2006. ( reply | permalink )
  • Eric
    1 of 1 members found this review helpful.
    • Rated 3 stars

    I enjoyed this book, though his opinions on whether or not your primary residence is an asset or a liability are controversial. His main message about diversifying income and making more than you spend (on both yourself and your liabilities) seem like sound first principals.

    Eric wrote this review Friday, September 22 2006. ( reply | permalink )
  • John H
    • Rated 0 stars

    Some excellent points, but written on a third grade level. The excellent points would all fit on one page; the rest is chaff and the author's self-promotion.

    John H wrote this review 2 weeks ago. ( reply | permalink )
Displaying 1-10 of 365 reviews
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