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 - 2011
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"Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you."--Online description.
Publisher: Tech Press, 2011, c1997.
Series:
ISBN: 9781612680170
9781612680002
1612680003
9780446677455
0446677450
Call Number: 332.024 KIYOSAKI
Characteristics: 183 p. : ill. ; 23 cm.
Subjects: Rich people.
Investments.
Finance, Personal.
Additional Contributors: Lechter, Sharon L.

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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.

r
RSandrock
Feb 10, 2017

Fair warning: Kiyosaki repeatedly brings up "seminars" throughout the book, in an almost subliminal fashion. Since this book has taken off, he has created several companies providing "real estate investing" seminars throughout the country, under several company names ("Rich Dad Education," "Elite Education," etc.). There's a long history of complaints associated with these companies (see BBB), and they visit central Ohio on an annual basis, offering free seminars, which are basically a giant pitch for an upcoming weekend seminar ($200-$300).

A cynic might say he started this whole book series for the purpose of corralling people into these seminars, where they dump lots of money.

So sure, read this book, but DON'T stop there - refer to other authors (Dave Ramsey "Money Makeover" and, though more dated, Thomas Stanley "Millionaire Next Door") and other schools of thought/styles (more risk averse, more details/data, etc.). Many of these other authors warn against getting involved in programs very similar to Kiyosak's.

That being said, this book was my first step in learning more about personal money management, saving, and investing. Again, it is clearly the first step. The more I have read on these subjects, the more I see Kiyosaki's book as extremely general and extremely simple. Also, it's extremely repetitive; though short, it could be even shorter (he repeats his stories/examples far too often).

I agree that Americans are generally ignorant of finance across the board, and Kiyosaki hammers this point home. He also attacks conventional wisdom and myths that we assume by default, which is a good thing generally. Just be sure to cross examine what Kiyosak says with other sources- and DON'T pay for his seminars.

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.

m
mengsta
Jan 05, 2017

I highly recommend this book for first time readers on financial independence and/or entrepreneurs. Its a very easy read and is an excellent first step before you dive into the more heavy books in this genre. The way this book is written is like a friend talking to you. Robert did an excellent job in this book and brings up a lot of points that are easily agreed upon, but not really taught in the school system. He helps you look at money in a different way.

Just want to point out that Robert has several "Rich Dad" books. Ive read a few others, but wouldn't recommend them like I do this one. The first of his books is the best one in my opinion.

j
JJasperson83
Sep 24, 2015

According to LPL, this book is on hold, but it doesn't say anyone is waiting for it in my checked out page like it does with other items I have checked out that are on hold. Odd...

Cityballa86 Apr 25, 2015

The book brought about a lot of insight into how to effectively manage ones own finances and ways to grow money and make it work for you. Financial literacy is never taught in school and this book is the class.

p
pridi_o
Mar 21, 2014

This book is a good read and an interesting insight into a rich man mind (I know zero people with such kind of money). All advices seem solid except for one: R.K. suggests that making money is easy and doesn't take much time, $40 K in 5 hours, etc. yet he spent all his life learning how to make money, take risk, bargain, etc. It is a full time job! Or more. How will it help me to get out of Rat Race, if I get into another rut?

j
jha073
Mar 24, 2013

In my opinion, everyone should read this book. It doesn't matter if your goal is to be rich or not, this book will change the way you look at money.

j
jjohns63
Feb 03, 2013

Interesting read, but contains very little practical advice on how to achieve financial independence. Basically confirms what other books, such as "The Millionaire Next Door" have already said.

s
Sonia604599
Jan 16, 2013

It is really good book. Put value to smart street knowledge, which can't be learned in schools. Great book to read specially for people who likes to run own business.

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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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