Rich Dad, Poor Dad

Rich Dad, Poor Dad - Robert T. Kiyosaki

Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - his two fathers. One father (Robert's real father) was a highly educated man but fiscally poor. The other father was the father of Robert's best friend - that Dad was an eighth-grade drop-out who became a self-made multi-millionaire. The lifelong monetary problems experienced by his poor dad pounded home the counterpoint communicated by his rich dad. Taking that message to heart, Kiyosaki was able to retire at 47.

Published: 2007-12-01 (Time Warner Books UK)

ISBN: 9780751532715

Language: English

Format: Paperback, 195 pages

Goodreads' rating: -

Reviews

Trip rated it

"And I will say to my soul, 'Soul, you have many goods laid up for many years to come; take your ease, eat, drink and be merry.'" But God said to him, "You fool! This very night your soul is required of you; and now who will own what you have prepared?"That parable popped into my mind when I read this book. This book is about "what the rich teach their kids about money that the poor and middle class do not." It's not so much a manual on how to get rich, but more of a book on the underlying worldview of the wealthy. In it Mr. Kiyosaki contrasts his own father--Poor Dad--who got a good education, worked hard, but never quite made it big, with the father of one of his friends, who was quite successful and took Mr. Kiyosaki under his wing. I was moved to read this book because, as I've been looking over my finances, I wonder if I might not have been doing things wrong. It turns out that I'm not totally off Mr. Kiyosaki's track. By the grace of God I've been able to avoid major debt and I tend to avoid transient luxuries such as fancy cars and the latest electronic gadgets. (Of course, my two year "vacation" overseas was hardly a wealth building choice.) On the other hand, I'm too lazy to work hard and invest my finances responsibly. I'm content to stick my excess cash in the bank and forget about it. So has the book changed me? I don't know. I don't need to be rich, but I sure do covet the financial independence that wealth can buy. Even while I recognize the wisdom that Mr. Kiyosaki offers, I couldn't really buy into his world view. I'm going to have to think about this some more before I make any lifestyle changes. Could I recommend this book? Well, it was an enjoyable read despite the fact that I find finances boring. But I have two big reservations about it. The first that it was written about ten years ago, in a different financial climate. The second is that Mr. Kiyosaki has other books and materials for sale. I sometimes wonder if maybe the unspoken secret to financial success is to get a lot of people to buy your books and attend your seminars. Caveat emptor!

Germana rated it

This is a GREAT book! I can definitely say it changed my life and they way I look at money and finances. For example, my husband and I bought investment properties after I had him read it as well. It is very easy and interesting to read. READ IT! READ IT! READ IT!Here is one of my favorite lines from it, approximately quoted: "I have never met a rich man who hasn't lost a lot of money, but I have met a lot of poor men who have never lost a dime." True! SO TRUE. Everytime I lose money in an investment, I remember how much better I am for investing and making my money work for me than just hiding it and hoping nothing bad happens to it.Also, I loved the story of the young talented writer who came to Robert Kiyosaki and lamented not being able to get published. He told her she was very talented, and that she should take a sales class. She was mortified. SALES? She was a gifted writer, not a lowly salesperson. (I excelled at sales, so I personally already was thinking she was kind of dumb.) Robert Kiyosaki pointed out that the cover if his book said "Best SELLING author", not "Best WRITING author". She was miffed. He was right.I saw some other reviews saying they disliked the way he talks about people with tons of education always being poor, as if he is above them and so much smarter. Honestly, there is nothing wrong with having lots of education and still being poor, if that's all you want. This book is about how to be smart financially, though. Feel free to be poor. I want to be a millionaire soon. So I learn about money. And I love and learn from Robert Kiyosaki, who is great at that. Lots of people look at him and get annoyed that he is so rich and successful, and don't like him. I instead look at how he is rich and successful, and try to figure out how he did it. Amen.

Reggie rated it

This book goes on my shelf of four books I read over and over, books I read devotionally. It totally revolutionized my outlook not only on making money, but also on education. I wish everyone would read this. I wish the close-minded, those who graduated from whatever school they attended and haven't allowed themselves a new thought since, could break through the stone walls they have erected around their souls and let this in. This message can save our world! I am not exaggerating.(May 24, 2016) I just finished re-re-re-reading Rich Dad, Poor Dad. From the first chapter it was like watching a fireworks show. The insights! Admittedly, I love seeing things in a new way, and I love having a different take on things. What Kiyosaki has to say on education should be broadcast, read, and studied, and all education systems in the world should take him into account. If a lot more people would read and take to heart his financial advice, I think the world's economy would be much better. Now I have to go out and live this. And I'm starting the book over tomorrow.