Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That The Poor And Middle Class Do Not!

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.

Good Book

Had to read a book for my economics class, my dad loves this book so I decided to choose Rich Dad Poor Dad. It ended up to be intriguing, the way he uses examples from his life and the concept overall. Easy to read also.

Inspirational, Motivational, and Accessible! (teen perspective)

I've never been too excited to learn about economics. But let me tell you- this book has inspired and motivated me! When I started reading, I knew almost nothing about the subject. And I think that's one of the reasons I wasn't eager to learn--I didn't want to accept and confront my financial ignorance. So when I reached the section about how arrogance and fear are some of the leading factors preventing me from becoming rich, I was intrigued. Kiyosaki presents his information in clear, accessible chapters in a way that even I, a teenager with no previous knowledge in economics, could understand. And perhaps most importantly, I learned that by investing in assets rather than liabilities, I can still have time to do what I love. The anecdote that I most connected with was about a woman with a master's degree in English Literature who was offended when Kiyosaki suggested taking a course in sales/marketing to help her book sell better. I am now determined to overcome my economic ignorance!

Scam

Don't buy this book, you are making the author richer for something that you can summarize in one paragraph, and most of the ideas make you go duh.

I thought this book was overall very repeating, but when it come

I thought this book was overall very repeating, but when it comes to getting the author's point across, it did just that. It had helpful tips and ways to avoid problems when it comes to handling money in the future that I don't want to forget when I get to that point in my life. However, I do not think everybody will agree with Robert's viewpoints even though he made it seem like everybody should follow his guidelines if they want to end up truly rich and have money work for them instead of them working for money.

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.

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.

0 out of 1 people found this review helpful.

Wow overall great!!!

Unbelievable ! Must read!

0 out of 1 people found this review helpful.

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