Rich Dad Poor Dad Little Gift Book

Good read

Pretty good book to help get you started on a more financially intelligent future. Teaches some basic principles, but can often be vague. A lot of the book teaches the same basic rules over and over most likely to cram them into the reader's mind. I ocassionally got rather uncomfortable when he would recommend some illegitimate tactics to get ahead. Such as buying new cars and other things as "corporate expenses" and using his cat as his partner.

-Ethan

3 out of 3 people found this review helpful.

Monetary success is within your reach

Rich Dad, Poor Dad explains the differences and distinctions between how the rich class, and the poor and middle classes manage their money. The author differentiate throughout the entire book explaining how his best friends dad, the "Rich Dad" was so successful. One of the main significances that were emphasized was "working hard" was different from "working and spending smart". For example, you can be the hardest worker in the building, but, if you are not smart on managing your money, you can have nothing to show for it. The Poor Dad is considered to be more government based, relying on other people to make monetary decisions, especially when it concerns taxes. The Rich Dad in more corporation based, being more proactive and finding ways to keep more of the money earned. This book explained economics in a way that was realistic and encouraging. The fact the author explained it in a way that anyone can follow his methods and be successful. It was able to keep my interest from the beginning to the end. It gave real world examples of how to manage my money and make smart investments to build my asset column. Before reading this book I had no knowledge or interest in starting to build an assets column at my age. This book gave me an understanding on what exactly determined an asset and how to start building a portfolio that could benefit me now and in the future. It is never too early to start. The most helpful thing that I gained from this book was to look at things as; a want versus a need. I realize that I have more wants than needs. Reading this book as a teenager has pointed me in the right direction of knowing what determines an asset and what determines a liability.

3 out of 4 people found this review helpful.

Rich Dad, Poor Dad explains that hard work is different from smart work

Purchased my third copy as a gift for a friend who didn't think about getting his money working for him when he purchased his condo and is now under water with the loan. He couldn't understand how a hard working ethical person could get in so much debt. He is pretty discouraged!

When I first read RD-PD I had many ahha moments that explained how to think about money. I already had the basics of attention to interest rates, paying off debt in an order and saving. I still felt frustrated. The book guided me in a complete turnaround to co-owning and assets. I changed my employment, increased my deferred comp and increased my base pay to increase retirement.

I was raised in a cash household by depression era kids who recycled and bought used. I had frugal down -but not asset awareness. My folks were land oriented. Property value increases saved them from low income. Still I didn't know how to get on top until I started studying money. RD-PD is the best as a mental gear shifter.

2 out of 2 people found this review helpful.

This Book is good for those who don't know anything about economics.

This whole book goes on about cash flow charts and how one should save money to put in assets rather than vacations and fancy cars. I swear, that you will learn absolutely nothing if you are over 18. Practically everybody on earth knows what investments are, and are informed enough to save some sort of money for these investments. This book main teachings are to "buy assets", and to tell you the truth, it works, (I am not sure if this is true with our second great depression about to happen), but overall it is true. Yes Mr. Kiyosaki, i will buy assets, you don't have to write a book on something so obvious in Which can also be stated in one sentence.

Here"s the book in a nutshell

"don't spend any extra money on fun, clothes, and cars, instead use that money to make investments to create money."

Instead of buying this book, buy assets!

-ryan

2 out of 7 people found this review helpful.

A reviewer

I have serious issues with Rich Dad/Poor Dad books. I have read several, including this one, and here it is: Defenders will claim that it is meant to inspire. The inspiration he offers is telling of the great amounts of money he has. He throws in a quick snippet occasionally mentioning that if you aren't rich, you have to live below your means and cut of credit cards. Since there's no elaboration there, I can only assume this is not meant for someone in debt. Who is it meant for? It's certainly not meant for someone without a plan on how to get rich. He touts real estate and owning companies. Yet he never elaborates on how you would begin this. Essentially, the only purpose this book can have is inspiration, but it left me rather depressed. In his anecdotes, he constantly bemoans his tragic fate of growing up middle-class: 'poor', he calls it. He gives no real suggestions about the steps that must be taken to get out. A note: these stories he gives have been 'fictionalized'. This is NOT nonfiction. He makes no claims that he is telling you the truth. One of the biggest flaws of his books are the number of plugs for his seminars and board games (we're not talking a measly $30 Monopoly game). He's obviously in this to make money off of the reader, not to let the reader make money off of his ideas.

2 out of 5 people found this review helpful.

A reviewer

In Rich Dad Poor Dad the author never ventures to tell the reader how exactly to attain wealth. Throughout the book he leads the reader through a cat and mice game 'basically dangling promises without the following through part. This book is a poor investment in ones quest to ultametly live a finanicially controlled life. The authors own personal success is the direct result of the consumers naivety. As a result he is a 'Rich Dad' through your own money and not through the system that he claims works.

2 out of 3 people found this review helpful.

One of the best financial books of the 20th. century

A truly remarkable and life changing book that helps me pave my road to financial independence each and every day.

2 out of 3 people found this review helpful.

A GOOD READ!!!

"If you work for money, you give the power to your employer. If your money works for you, you keep and control the power." This quote sums up practically everything that Kiyosaki has to say about being financially literate. Many of us are slaves to our paychecks when in fact we can easily find ways for our money to work for us (stocks, property, etc) College is not necessary in a financially literate man's life. I found this book to be very informative in the sense that it got me thinking about my own financial future. Kiyosaki gave me hope for a financially prosperous future through each of his six lessons. This book can be helpful to anyone even if they end up finding Kiyosaki to be a quack. This book has the potential to make people think about their own financial situation and whether or not they are satisfied with it. It is the very fact that this book can help answer one question, what they are doing wrong, financially, if anything. I really enjoyed the fact that Kiyosaki conveyed his information through a story rather than through an essay. I was able to relate to Rich Dad, Poor Dad more through Kiyosaki's characters. Seeing that Kiyosaki's characters were kids, they asked a lot of questions. Kiyosaki cleverly 'answered' many of the readers' possible questions through the answers that the characters got. Overall, I felt the book had a lot of helpful information about becoming financially literate. I always saw before reading this book that the only successful people out in this world are the rich, but Kiyosaki has taught me that someone can make any amount of money and be 'well off' as long as they know how to work their money. This got me thinking of why we are not taught how to balance a checkbook or learn what 'assets' and 'liabilities' are even though the majority of our lives are going to be spent earning, saving, and spending money. The information in the book is important to everyone. There is not specific age group that should only read this book. If you are able to count money then you are able to comprehend Kiyosaki's teachings.

1 out of 1 people found this review helpful.

Good read, misunderstood by many.

The purpose of this book (besides to make the author money) is not to give the reader a cookie-cutter MLM plan to make money; rather it sets out to change the mindset of the reader, to help open his/her eyes to opportunities. If you are looking for stock tips or ways to refi your house, pick another book. If you are frustrated with working for somebody else but need a motivational spark, then this is your book. Parts of it do read like a commercial for his other products, but what author doesn't do this? One lesson I took from the book that I won't forget is changing my attitude from "I can't afford this" to "what can I do to afford this?".

1 out of 1 people found this review helpful.

ehh

this book for me told me a lot of stuff that i already knew. it has really good advice but it does not tell exactly how to do it. that is the only critique i have for this book. i liked how kiyosaki used pictograms in which helped me understand what he meant.

1 out of 1 people found this review helpful.

must read

This book is a great book to read if you are not looking for a difficult read. it is informative and interesting because the author uses his own real life examples.

1 out of 1 people found this review helpful.

greattttt book

The book Rich Dad Poor Dad by Robert T. Kiyosaki is a wonderful novel and guide to the little tips and tricks it takes to become financially literate.
This book shoes one how to look at life's bigger picture and explains about how to work to learn and then to earn; and how to find loop holes in the financial game called life. It talks about the author's life experiences and his advice. One might say the theme of this novel is the power of education but not school, the whole novel is centered on the idea of out of class room education. Page by page the author provides all his knowledge about money. I found this quite amazing how he could go from nothing to everything just form his power and understanding of money. The only part of the book one might disagree with is how you really he talks about being rich in just money, because you could also be rich in family and friends etc. Anyone interested in money and seeking a better understanding of hoe to become financially literate should read this book.

1 out of 1 people found this review helpful.

its Okey

Thesis: This books main idea is to tell the story of his life about his 2 parents: the rich dad and the poor dad. He shows that rich dads teach children about money and wealth and what the middle class or poor classes' dads do not teach to their children. He shows that you don't have to go to big schools and have a great education to be successful. Make money work for you, not work for money.
Summary and analysis: This book is about Robert T. Kiyosakis' life, from childhood to adulthood. He was raised with a Rich dad, who was his best friends (Mike) dad, who was a large business owner, and a poor dad, his real biological father, who was poor and highly educated. Both fathers taught Kiyosaki different views on success but because he saw that Mikes' father was successful he chose to learn how to be successful from him (rich dad). This book shows you that anything is possible if you are fearless and open-minded and also shows the 6 major lessons for success: The rick don't work for money, The importance of financial literacy, mind your own business, Taxes and Corporations, The rich invent money, The need to work to learn and not to work for money. Kiyosaki states to never to work for money through out the book and shows that the rich when opportunities come and go the rich tend to take risks, wile the poor are too concern paying bills, fearful to make a risk, and too busy seeking wealth. This book shows the difference on how the rich class vs. the poor class look at money.

1 out of 2 people found this review helpful.

Is Money Really everything?

I found this book to be filled with power hungry and money is everything out looks. The author pretty much condemns his father as being nothing for his out look that money isn't everything, while exalting his friend¿s father who believes the opposite. The entirety of this book is about changing your life to be geared only towards gaining money. You are even instructed to spend less time with friends, and associate mostly with those that you can gain from. They aren't worth your time if you can't get something financial out of them. The author is also rude, and self absorbed. In other books of his even spends chapters promoting his own merchandise, saying how it will help the reader gain money. 'Buy my game and you can be rich too'. I would not recommend this book unless you wish to have a money only, power hungry out look on life. For that is what it preaches.

1 out of 3 people found this review helpful.

Not What I Expected

After dozens of people praising this book I was left with the impression that this was a must read. However once I began reading I felt like tje book was a big letdown. The book does not teach anything, but rather is a man's accoubt on what why he believes the rich are rich and the poor are poor. The author goes on talking about how he has a so called poor dad who in reality most of the population would consider rich. Among that his so called advice is useless to poor people because in order to become rich you have to have some money to work with. In fact I felt the book just taught the rich how to become richer and left the poor clueless. All in all I would not recommend this book to anyone, the title is misleading and the context of the book is meaningless.

1 out of 3 people found this review helpful.

Of the self help books on finance I've read so far, this one wil

Of the self help books on finance I've read so far, this one will be in my permanent finance library. I like that the book doesn't get as repetitive as some others. I was pretty surprised by this book. I thought it would rehash some stuff I've read before, maybe mention a couple of new things here and there for me to mentally file away, but instead I would say this book is quite radical. I see it more philosophical and attempt to open our minds up to a different perspective on money. I think he's dead on on the way our cultural and social upbringing can influence the way we see money, handle, and use it. The author paints a bigger picture and even though it doesn't go through detailed steps on how to obtain/earn money, I think to understand and refocus your concept of money is most important before drawing out the milestones. He gives you the big picture, challenges what you believe with a different perspective, and motivates you to want to change.

Great Read

Fantastic book that I have enjoyed reading with my children. Don't just keep it to yourself, share with all those around you. Great lessons in finance that aren't taught in today's public school systems. Minimizing taxes forces our government to minimize their spending habits...hence the lack of teaching in government run schools.

Robert, keep up the great work in inspiring others to do better in life.

Terrible!

A WASTE of money!

Oversimplified

That's the best way to put this book. Unfortunately, Mr. Kiyosaki lost his way through the years (and financial crisis), flip-flopping from investment advice to investment advice.

0 out of 1 people found this review helpful.

My impression

This book had bn recommended by a cpl ppl including a good friend and my uncle. Unk told me "you've got to read this book". Ok now I'm reading it and I have to say so far it sounds completely phony...I'm still at the beginning where he was a 9 year old learning his first lessons about moneyso there's still time for the book to redeem itself. We'll see.