Rich Dad Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not!

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Rich Dad Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not! Pub. Date: 5/28/2000 Publisher: Grand Central Publishing

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Overview

Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - his two fathers. This text lays out Kiyosaki's philosophy and his relationship with money.

Editorial Reviews

From Barnes & Noble

The Barnes & Noble Review
The advice that dads traditionally give is so commonplace, it seems almost clichéd: Go to school and do well. Save your money. Work hard, and financial reward will follow.

What would you say upon learning that dear ol' Dad was dead wrong?

In his explosive financial manuals, Robert T. Kiyosaki suggests that perhaps you shouldn't have taken Dad's advice, encouraging a new look at an old financial mind-set. The subtitle of Rich Dad, Poor Dad says it all: "What the Rich Teach Their Kids About Money — That the Poor and Middle Class Do Not!" Contending that the wealthy have learned to make money work for them, rather than toiling for the almighty dollar, Kiyosaki reveals the secrets to success — his way.

A millionaire himself, Kiyosaki's own experience plays a part in his controversial financial guidebooks. His real father, an educated, diligent man who became superintendent of education in Hawaii, gave his son the traditional fatherly counsel about hard work and financial gain. He died broke and bitter. Kiyosaki's "second father," his friend Mike's dad, was a high school dropout who taught Kiyosaki all that he now knows to be true about money. His "rich dad" lived up to Kiyosaki's affectionate name for him, becoming one of Hawaii's wealthiest men.

Robert Kiyosaki's philosophy — including the assertion that a high income does not a wealthy person make — forms the cornerstone of his remarkable books, and his message is clear: "Take responsibility for yourfinancesor take orders all your life. You're either a master of money or a slave to it." With Kiyosaki's guidance, explode the myth that you need to earn a high income to become rich, challenge the belief that your house is an asset, and refuse to rely on the school system to teach kids about money.

These books — which exploded onto bestseller lists back in 1997 when the authors published them under their own Tech Press imprint — will help anyone who's serious about claiming control of his or her financial future. Discover what to teach your kids about money — and they will benefit in ways you did not.

USA Today

A startling point for anyone lookng to gain control of their financial future.

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From The Critics

Reissuing a self-published best seller.

Product Details

ISBN-13: 9780446677455
Publisher: Grand Central Publishing
Publication date: 5/28/2000
Pages: 272
Series: Rich Dad Series
Product dimensions: 6.00 (w) x 9.00 (h) x 0.62 (d)

Meet the Author

Robert T. Kiyosaki

After growing up watching the financial lives of his "two dads" (his own father and his best friend's) unfold, Robert T. Kiyosaki turned the lessons he learned into the bestselling Rich Dad, Poor Dad line of personal finance guides. No doubt both dads are proud.

Good To Know

On his success, Kiyosaki told us, "I've had all six of my books reach the New York Times bestseller list, which is especially rewarding seeing as I flunked out of high school twice because I couldn't write. It just goes to show you that we learn from our mistakes."

In our interview, Kiyosaki said that his time in Vietnam was "a great experience for me.... I learned that to live in fear of dying was not living. I crashed three times in Vietnam -- but my crews always came back alive."

A major rugby fan, Kiyosaki has played all over the world.

According to Kiyosaki, "the power behind Rich Dad is women -- my business partners Kim Kiyosaki and Sharon Lechter."

1. Hometown:
  
  Phoenix, Arizona
1. Date of Birth:
  
  April 8, 1947
2. Place of Birth:
  
  Honolulu, Hawaii
1. Education:
  
  B.S., U.S. Merchant Marine Academy
2. Website:
  
  http://www.richdad.com

Read an Excerpt

Chapter One

Rich Dad, Poor Dad

I had two fathers, a rich one and a poor one. One was highly educated and intelligent; he had a Ph.D. and completed four years of undergraduate work in less than two years. He then went on to Stanford University, the University of Chicago, and Northwestern University to do his advanced studies, all on full financial scholarships. The other father never finished the eighth grade.

Both men were successful in their careers, working hard all their lives. Both earned substantial incomes. Yet one struggled financially all his life. The other would become one of the richest men in Hawaii. One died leaving tens of millions of dollars to his family, charities and his church. The other left bills to be paid.

Both men were strong, charismatic and influential. Both men offered me advice, but they did not advise the same things. Both men believed strongly in education but did not recommend the same course of study.

If I had had only one dad, I would have had to accept or reject his advice. Having two dads advising me offered me the choice of contrasting points of view; one of a rich man and one of a poor man.

Instead of simply accepting or rejecting one or the other, I found myself thinking more, comparing and then choosing for myself.

The problem was, the rich man was not rich yet and the poor man not yet poor. Both were just starting out on their careers, and both were struggling with money and families. But they had very different points of view about the subject of money.

For example, one dad would say, "The love of money is the root of all evil." Theother, "The lack of money is the root of all evil."

As a young boy, having two strong fathers both influencing me was difficult. I wanted to be a good son and listen, but the two fathers did not say the same things. The contrast in their points of view, particularly where money was concerned, was so extreme that I grew curious and intrigued. I began to start thinking for long periods of time about what each was saying.

Much of my private time was spent reflecting, asking myself questions such as, "Why does he say that?" and then asking the same question of the other dad's statement. It would have been much easier to simply say, "Yeah, he's right. I agree with that." Or to simply reject the point of view by saying, "The old man doesn't know what he's talking about." Instead, having two dads whom I loved forced me to think and ultimately choose a way of thinking for myself. As a process, choosing for myself turned out to be much more valuable in the long run, rather than simply accepting or rejecting a single point of view.

One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is because the subject of money is taught at home, not in school. Most of us learn about money from our parents. So what can a poor parent tell their child about money? They simply say "Stay in school and study hard." The child may graduate with excellent grades but with a poor person's financial programming and mind-set. It was learned while the child was young.

Money is not taught in schools. Schools focus on scholastic and professional skills, but not on financial skills. This explains how smart bankers, doctors and accountants who earned excellent grades in school may still struggle financially all of their lives. Our staggering national debt is due in large part to highly educated politicians and government officials making financial decisions with little or no training on the subject of money.

I often look ahead to the new millennium and wonder what will happen when we have millions of people who will need financial and medical assistance. They will be dependent on their families or the government for financial support. What will happen when Medicare and Social Security run out of money? How will a nation survive if teaching children about money continues to be left to parents—most of whom will be, or already are, poor?

Because I had two influential fathers, I learned from both of them. I had to think about each dad's advice, and in doing so, I gained valuable insight into the power and effect of one's thoughts on one's life. For example, one dad had a habit of saying, "I can't afford it." The other dad forbade those words to be used. He insisted I say, "How can I afford it?" One is a statement, and the other is a question. One lets you off the hook, and the other forces you to think. My soon-to-be-rich dad would explain that by automatically saying the words "I can't afford it," your brain stops working. By asking the question "How can I afford it?" your brain is put to work. He did not mean buy everything you wanted. He was fanatical about exercising your mind, the most powerful computer in the world. "My brain gets stronger every day because I exercise it. The stronger it gets, the more money I can make." He believed that automatically saying "I can't afford it" was a sign of mental laziness.

Although both dads worked hard, I noticed that one dad had a habit of putting his brain to sleep when it came to money matters, and the other had a habit of exercising his brain. The long-term result was that one dad grew stronger financially and the other grew weaker. It is not much different from a person who goes to the gym to exercise on a regular basis versus someone who sits on the couch watching television. Proper physical exercise increases your chances for health, and proper mental exercise increases your chances for wealth. Laziness decreases both health and wealth.

My two dads had opposing attitudes in thought. One dad thought that the rich should pay more in taxes to take care of those less fortunate. The other said, "Taxes punish those who produce and reward those who don't produce."

One dad recommended, "Study hard so you can find a good company to work for." The other recommended, "Study hard so you can find a good company to buy."

One dad said, "The reason I'm not rich is because I have you kids." The other said, "The reason I must be rich is because I have you kids."

One encouraged talking about money and business at the dinner table. The other forbade the subject of money to be discussed over a meal.

One said, "When it comes to money, play it safe, don't take risks." The other said, "Learn to manage risk."

One believed, "Our home is our largest investment and our greatest asset." The other believed, "My house is a liability, and if your house is your largest investment, you're in trouble."

Both dads paid their bills on time, yet one paid his bills first while the other paid his bills last.

One dad believed in a company or the government taking care of you and your needs. He was always concerned about pay raises, retirement plans, medical benefits, sick leave, vacation days and other perks. He was impressed with two of his uncles who joined the military and earned a retirement and entitlement package for life after twenty years of active service. He loved the idea of medical benefits and PX privileges the military provided its retirees. He also loved the tenure system available through the university. The idea of job protection for life and job benefits seemed more important, at times, than the job. He would often say, "I've worked hard for the government, and I'm entitled to these benefits."

The other believed in total financial self-reliance. He spoke out against the "entitlement" mentality and how it was creating weak and financially needy people. He was emphatic about being financially competent.

One dad struggled to save a few dollars. The other simply created investments.

One dad taught me how to write an impressive resume so I could find a good job. The other taught me how to write strong business and financial plans so I could create jobs.

Being a product of two strong dads allowed me the luxury of observing the effects different thoughts have on one's life. I noticed that people really do shape their life through their thoughts.

For example, my poor dad always said, "I'll never be rich." And that prophesy became reality. My rich dad, on the other hand, always referred to himself as rich. He would say things like, "I'm a rich man, and rich people don't do this." Even when he was flat broke after a major financial setback, he continued to refer to himself as a rich man. He would cover himself by saying, "There is a difference between being poor and being broke. Broke is temporary, and poor is eternal."

My poor dad would also say, "I'm not interested in money," or "Money doesn't matter." My rich dad always said, "Money is power."

The power of our thoughts may never be measured or appreciated, but it became obvious to me as a young boy to be aware of my thoughts and how I expressed myself. I noticed that my poor dad was poor not because of the amount of money he earned, which was significant, but because of his thoughts and actions. As a young boy, having two fathers, I became acutely aware of being careful which thoughts I chose to adopt as my own. Whom should I listen to—my rich dad or my poor dad?

Although both men had tremendous respect for education and learning, they disagreed in what they thought was important to learn. One wanted me to study hard, earn a degree and get a good job to work for money. He wanted me to study to become a professional, an attorney or an accountant or to go to business school for my MBA. The other encouraged me to study to be rich, to understand how money works and to learn how to have it work for me. "I don't work for money!" were words he would repeat over and over, "Money works for me!"

At the age of 9, I decided to listen to and learn from my rich dad about money. In doing so, I chose not to listen to my poor dad, even though he was the one with all the college degrees.

A Lesson From Robert Frost

Robert Frost is my favorite poet. Although I love many of his poems, my favorite is The Road Not Taken. I use its lesson almost daily:

The Road Not Taken

Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood

And looked down one as far as I could
To where it bent in the undergrowth;

Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear
Though as for that the passing there
Had worn them really about the same,

And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads onto way,
I doubted if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence;
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.

Robert Frost [1916]

And that made all the difference.

Over the years, I have often reflected upon Robert Frost's poem. Choosing not to listen to my highly educated dad's advice and attitude about money was a painful decision, but it was a decision that shaped the rest of my life.

Once I made up my mind whom to listen to, my education about money began. My rich dad taught me over a period of 30 years, until I was age 39. He stopped once he realized that I knew and fully understood what he had been trying to drum into my often thick skull.

Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money.

Because I was only 9 years old when I started, the lessons my rich dad taught me were simple. And when it was all said and done, there were only six main lessons, repeated over 30 years. This book is about those six lessons, put as simply as possible as my rich dad put forth those lessons to me. The lessons are not meant to be answers but guideposts. Guideposts that will assist you and your children to grow wealthier no matter what happens in a world of increasing change and uncertainty.

Lesson #1 The Rich Don't Work for Money

Lesson #2 Why Teach Financial Literacy?

Lesson #3 Mind Your Own Business

Lesson #4 The History of Taxes and the Power of Corporations

Lesson #5 The Rich Invent Money

Lesson #6 Work to Learn— Don't Work for Money

There Is A Need
Part I: Lessons: Chapter One: Rich Dad, Poor Dad; Chapter Two: Lesson One- The Rich Don't Work for Money; Chapter Three: Lesson Two- Why Teach Financial Literacy?; Chapter Four: Lesson Three- Mind Your Own Business; Chapter Five: Lesson Four- The History of Taxes and the Power of Corporations; Chapter Six: Lesson Five- The Rich Invent Money; Chapter Seven: Lesson Six- Work to Learn-Don't Work for Money
Part II: Beginnings: Chapter Eight: Overcoming Obstacles; Chapter Nine: Getting Started; Chapter Ten: Still Want More?; Epilogue: College Education for $7,000

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Poordadrichlife

Posted October 30, 2011

It depends on who you are...

Robert Kiyosaki has lived with two dads. The poor dad, who was his biological father, went to the ivy league schools and received a doctorate degree, however, always ended up financially poor. The rich dad, was his friend's father, who only received education up to 8th grade, understood how to invest in money. He explains that it's all in the mental process. For instance, if job wages are low the common thought is--"I can't afford it" or "how can I afford it?" The poor dad would say he can't afford it, automatically shutting down his brain and accepting the state that he's in to save money. On the other hand, the rich dad tries to figure out a way to make more money and not dwell on the fact that the wages are small. This theme of differences in principals and financial methods is what continues on throughout the book. The common problem is that people in school are not taught about money. The average dad, also the poor dad, tells their children to work hard in school and get a steady job in a good company. In other words, he believes in the traditional ideas of working hard, preserving money, and not wasting it on material things, especially things he can't afford. The situation is that the poor dad was always more focused on education, rather than money, and commonly thinks "money doesn't matter". The poor dad also dwells on company insurance, security, and salary raises, instead of actually focusing on the job itself. This is what the rich dad calls the "Rat Race" in which one can never leave this cycle of being poor with this mindset. The rich dad did not spend time for education, but instead invested it on investing. The rich dad is seen as someone who learned to take risks, instead of not taking them, and by doing so, was able to have money work for him, instead of him work for money. I was shocked as to how much I was able to see these common thoughts portray in my life, and that my father fits perfectly under the category of a poor dad-- a common teacher, who loves to learn more but doesn't really like to focus on money, and constantly exclaims around the house, "we can't afford that". He also always focuses on insurance of our house, or our social security, or saving money. However, I may not live the glamorous life of having a rich father, I appreciate the rich life I live with his knowledge and determination to work hard, even if it still means to financially struggle with money. I am skeptical about not having an education, in the means to be able to become a rich dad, because I feel that without a root of knowledge then money takes over a family and have no real value. However, constantly dwelling on low wages, or in other words, to not be a pessimist, can always be a goal that families try to achieve. In the end, I found this to be book to be informative and maybe even life changing, but at the same time very unethical.

2 out of 2 people found this review helpful.
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Anonymous

Posted May 20, 2009

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

2 out of 2 people found this review helpful.
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Anonymous

Posted March 23, 2009

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.

2 out of 3 people found this review helpful.
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MLB-CA

Posted March 9, 2009

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.
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businessfreak

Posted December 2, 2008

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.
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Anonymous

Posted January 26, 2008

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.
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Anonymous

Posted June 22, 2007

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.
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Anonymous

Posted May 6, 2003

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.
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Sromero15

Posted May 10, 2011

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.
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RibbyBD

Posted May 2, 2011

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.
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seandy

Posted April 6, 2011

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.

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BgomezAM

Posted April 6, 2011

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.

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kcKS

Posted March 1, 2011

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.
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12345NT

Posted November 8, 2010

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.

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Anonymous

Posted August 23, 2008

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.

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Anonymous

Posted May 1, 2008

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.

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Distortion

Posted January 22, 2012

One of the best business books I've read!!

Rich Dad Poor Dad is an inspirational book. In this book Robert Kiyosaki explains his life lessons on money. He explains how to keep your income high and your liabilities low. He claims that assets are not something of value but instead something that generates cash flow. Although his book has inspired many people it has a vast amount criticisms. What about me, what do I think and how do I feel about it.
I read the book and was greatly amazed about how much I didn’t know about money. Being a sophomore in high school and reading a business book really left me opened minded. It gave me great knowledge over assets, liabilities, and the history of taxes. But as many anxious people think you just don’t read the book and start up a business hoping to be successful gaining money in seconds. This book just guides you letting you in to some great tips on how to manage your money.
Rich Dad Poor Dad is an understandable well-written book. Robert Kiyosaki makes himself clear and has a great way of keeping you interested in reading with his short parables between chapters. The way he writes makes the idea of reading a business book more relatable and fun to read. He delivers advice with great explanation. He goes step by step giving you not only advice but the history or background information on the matter as well.
The book personally inspired me as I read it. I loved the fact that he explains that rich people make money work for them, as to the middle and low class work for their money. He makes very good points when he says that many students never learn the power over money in school. Schools usually teach students to get a good job not to own the company of the job. The book changes your mentality on money and how you should really think about it. The beginning of the book is where the magic is at and I absolutely love it.
It all comes down to yes I would recommend the book. Now I wouldn’t recommend it to just anyone. This book is meant for those who are into business or teenagers who are interested in learning about money. Readers who are into action or fiction or dramatic plots this definitely won’t interest you unless you enjoy the subject of financial management. Out of five stars I would rate it around a four point five. This book is one of the few well-written business books I have read.
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Anonymous

Posted January 8, 2012

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.
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Anonymous

Posted December 25, 2011

Ha ha

Good book

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Anonymous

Posted October 31, 2011

Strongly Recommended - very informative

This book taught a lot of different lessons that will give you the key to being rich. It was a fun read and was very interesting. The stories told about Kiyosaki in the begininng when he was first learning about money was enlightening. i do recommend this book and think everyone should check it out.

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Rich Dad Poor Dad: What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not!

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Meet the Author

Robert T. Kiyosaki

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It depends on who you are...

Good read

Monetary success is within your reach

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

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

A reviewer

A reviewer

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

A GOOD READ!!!

Good read, misunderstood by many.

ehh

must read

greattttt book

its Okey

Is Money Really everything?

Not What I Expected

One of the best business books I've read!!

My impression

Ha ha

Strongly Recommended - very informative