Rich Dad, Poor Dad

Rich Dad, Poor Dad

What the Rich Teach Their Kids About Money—that the Poor and Middle Class Do Not!

Book - 1998
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Argues that a good education and a secure job are not guarantees for financial success, and describes six guidelines for making money work for you.
Taking to heart the message that the poor and middle class work for money, but the rich have money work for them, the author lays out a financial philosophy based on the principle that income-generating assets always provide healthier bottom-line results.
Publisher: Paradise Valley, Ariz.: TechPress, [1998]
Copyright Date: ©1998
ISBN: 9781612680002
1612680003
Branch Call Number: Business & Career 332.024 Kiy
Additional Contributors: Lechter, Sharon L.

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k
ksidhu75
Mar 24, 2019

Rich dad poor dad offers a whole different view on money and how to:spend,save,and make money.Robert Kiyosaki talks about the financial education he received from his friend’s father compared to his actual father and what he learned.He compares everything the poorly financially educated mass has learned compared to the rich and wealthy and the results are astounding.The mass solely rely on their job income while the wealthy rely on purchased assets as cash flow. He also debunked the common misconceptions in the world of money such as a house and a vehicle being as asset.He also compared what an asset is in the eyes of a normal middle-class person and a top one percent person.Robert really changed the way his readers look at money and changed the way we view money after reading his book.It also talked about how formal education is failing us because the lack of financial education being taught in the schools.This leads to poor financial decisions and ultimately a worse economy.Robert hopes to change to way everyone values money by investing in assets instead of liabilities.Not what people think might be assets in the long term.

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Lazatio
Aug 13, 2018

Eye opening and a really worthy read for someone who wants to learn about financial literacy. I do not agree with all the points he mentions in his book, but I did learn a lot of knowledge from reading it. His ideas gives the readers a different perspective and point of view of financial literacy. This surely was a good read!

d
denn2003
Jul 24, 2018

Kiyosaki's Rich Dad Poor Dad has helped a lot of people worldwide get into real estate and succeed. I have never bought any of his seminars or CDs, but I think the book offers tremendous value in the change of mindset.

Nobody is being forced to purchase a seminar or CDs, and only do so if they want to learn more or need self motivation. I personally would not purchase the expensive stuff, as there is more to self-education and free information online.

i
illy
May 22, 2018

Chapter 1 was great. And hilarious. The author learned about money by getting practical real life experience at a young age.

When the author was a kid, "I stood there, still not believing what a raw deal I was handed. I came to ask for a raise, and somehow I was (now) working for nothing (instead of 10 cents an hour). I didn't tell my poor dad I wasn't being paid. He wouldn't have understood, and I didn't want to try to explain something I didn't understand myself."

c
colehuffman
May 18, 2018

This book seriously changes the way you see money! It isn't a book with an answer of 'how to do (x) to get (y)", but more so a book which talks about viewing money from a different perspective. As others said, this book would be a great read for any person to set them on a good financial path.

g
grahamdl
Apr 09, 2018

This is a book about finance written by someone whose main qualification seems to be selling books, seminars, videos etc. Some limited motivational value but no real financial guidance. In my opinion this book contains bad advice and some of the advice he gives is borderline unethical. Turns out as well what the author calls a “true” story about his two dads is really fictionalized. The more I read this book the angrier I got at its paternalistic tone, and it’s misleading, “get rich quick” perspective. If you read this book do your own research before you buy what he is selling.

This book changed the way I think about life, work and how I spend my time. It is not a How To guide, but the switch that will turn on the light and let you see how you may have been programed.

I quit my job and have happily joined the E/I quadrant where I make the rules and my upside is unlimited.

Eric
844-696-2265
https://www.thewealthfoundation.org

t
TEENREVIEWBOARD
Oct 29, 2017

Robert Kiyosaki's book "rich dad poor dad" was a great book and was one of the first self help/finance books I read. In this book Robert gives you a different outlook on business and spending habits, one that is not really conventional. He gives you his opinion on business and explains why they aren't crooks and why we should join them. A constant theme in the book is spend like the rich, meaning build an asset column by buying things that don't lose value or go up in value. He emphasizes that people should invest their money rather than save the money they get from their jobs as this gives you more financial freedom. He also explains why you shouldn't expect financial freedom from one source of income, meaning you should get more. Overall this book receives a well deserved 10/10 because it is considered one of the best financial books in the world and has helped change many peoples' outlook on life and money, including mine. This may be one of the best I've read so far.
- @Selfhelpguru of the Teen Review Board of the Hamilton Public Library

j
JDUBZZZ
Apr 03, 2017

It has some good advice for a beginning investor, but the rest of the book is completely anecdotal and at times contradictory. The book is bait to get you to a seminar. It should be said Mr. Kiyosaki's corporation went bankrupt due to poor financial planning. If you read the book, do your homework and take a look at what others are saying about it. Be sure to look at other financial philosophies as well.

a
artisticvamp
Jan 10, 2017

Though there are some elements of truth to the ideas in this book, they are drowned out by the author's obsession with making money. In this book there are ways that do seem logical to make money, if you are willing to sacrifice your connections to true family and friends. Kiyosaki's focus on connections that will gain your riches seems a recipe for ensuring a lonely life. If you prefer money to friends, this is the book for you.

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R1l3y
Feb 10, 2019

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lathamdtcutie101
Mar 11, 2012

lathamdtcutie101 thinks this title is suitable for between the ages of 13 and 99

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