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.
ISBN: 9781612680002
Call Number: BUSINESS & LAW/Personal Finance
332.024 KIYOS
Characteristics: 183 p. : ill. ; 23 cm.
Subjects: Finance, Personal.
Rich people.
Additional Contributors: Lechter, Sharon L.


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Apr 19, 2020

Not a fan of this book, like Donald Trump, the author has a way of talking a lot without actually really saying anything, which is funny because towards the end of the book he mentions how Donald Trump is one of his mentors and talks of how they wrote a book together. Also, this book isn't super relevant to Canadians. Overall disappointed.

Feb 21, 2020

Apparently this book had revolutionized personal finances. It makes sense — being told that working will not bring financial freedom and hearing about something called “financial literacy” must have been groundbreaking. However, 20 years later, the book is just 40% chicken soup, 20% bragging and self-plugging, 20% helpful information, and 20% repetition.⁣
Kiyosaki spends much of the book describing his success to bolster ambiguous suggestions. For instance, he reasonably suggests lifelong learning, but then supports it by saying that he had spent a few hundred dollars to take a course on investing and consequent garnered millions of dollars.⁣
Another problem with this book is its impracticality. I kept waiting for him to actually discuss his theories on investing, only to read near the end something along the lines of, “some of you must be disappointed by the lack of practical advice, but this book is more about changing your mindset.” Well if this was the case, you could have said so earlier.⁣
That said, I did find interesting and even helpful tips. One concerns the definition of “active assets,” which many people believe would include their home. However, the home is actually a passive because it is not something you can sell to counter a crisis. This is also true from personal observations. For instance, although the house prices in Vancouver have skyrocketed in recent years, many people who own valuable homes cannot actually sell them without leaving the area, so owning a more expensive home might not actually give more financial freedom. I also learned about the cash flow diagram, which explained the importance of maintaining actives, owning a company, and paying oneself first.⁣
Despite these redemptions, I cannot help but feel that this was $25 thrown away. I am also perplexed by the fact that Kiyosaki published numerous other books after offering so little in his masterpiece. However, he did say that one way to earn passive income was to write. So I guess he just took a page out of his own book.⁣
And is definitely having success with it.

For more book and movie reviews, visit me on Instagram @ RandomStuffIRead !

Sep 24, 2019

Repetitive, redundant, and tiresome. Horrible writing. Great ideas.

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.

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!

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."

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.

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.


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

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Feb 10, 2019

R1l3y thinks this title is suitable for 15 years and over

Mar 11, 2012

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


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