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Rich Dad Poor Dad [Kindle Edition]

Robert T. Kiyosaki
3.7 out of 5 stars  See all reviews (1,290 customer reviews)

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Product Description

From Amazon

Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. --Howard Rothman

From Library Journal

Reissuing a self-published best seller.
Copyright 1999 Reed Business Information, Inc.

Product Details

  • Format: Kindle Edition
  • File Size: 3468 KB
  • Print Length: 224 pages
  • Publisher: Plata Publishing; 1 edition (April 25 2011)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B004XZR63M
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Enhanced Typesetting: Enabled
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (1,290 customer reviews)
  • Amazon Bestsellers Rank: #2,431 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

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Customer Reviews

Most helpful customer reviews
81 of 83 people found the following review helpful
3.0 out of 5 stars Good for a beginner - that's it! Dec 22 2004
By A Customer
This book is great for those who are ready to think differently about money, namely, rather than having to work hard for money, have money to work hard for you (paraphrased from the book). Major points of this book are:
* thoughts produce reality (in this case, your financial reality)
* increase in financial knowledge is necessary to increase financial intelligence
* ways to increase financial intelligence
The author heavily promotes the game he created, "Cashflow", for those who wish to increase their financial intelligence. He also has a website, [...] which contains details of their coaching program. Naturally, I am interested, because I admit that I need to increase my financial intelligence. I have personally called them up in attempt to understand what is involved with the program. They have a screening process to see if the prospect is ready to be coached. The price tag is $2800 USD for 3 to 4 months coaching. When asked what the success rate is, the program administrator couldn't answer it straight - she said it depended on what each person meant by success. The program came with a warranty - called "no option for failure warranty". It was explained that the coach wouldn't let the student to be on their own before they are ready. How they determine the readiness was not given. The program administrator also said if I cannot pay the $2800 right now, it is best for me to "leverage it" on my credit card. The last straw came, when I asked whether I can call up 3 students to see what experiences they have gone through with the program. She told me in a pissed off, very cold tone of voice, that Robert Kiyosaki's reputation is good enough, and that she sensed I had too much fear in me (to proceed with the program).
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75 of 77 people found the following review helpful
3.0 out of 5 stars The Secret of Self Motivation July 3 2004
By A Customer
I bought this book primarily because of the tagline - What the rich teach their kids etc. The notion of a secret society out there is always appealing, and finding out the secrets... Well
Naturally, since rich people are not actually a secret society, but only people who have money, I was disappointed. The book does not tell you the secrets and it cannot. I was also very much annoyed by the book, and therefore - here is a summary, which is probably more accurate than the back cover of what this book contains.
The things I liked:
- The book tells the getting rich story of the author, the path he took and where it got him. The story is told well, is inspiring, and the dramatization is adequate
- The book provides a decent reference for actual content, telling you which subjects to learn and pursue in order to increase your chances of becoming rich.
- The book is effective in convincing you that becoming rich is possible, and the authot is honest enough to admit that it takes time and that it is not easy.
The things I disliked:
- The book is repetetive. It appears as though the author did not have enough meat for a whole book, so he just hit the repeat button, instead of adding some meat to it. Or else, the author believes that by repeating statements they assume greater validity. Anyway, it's rather annoying.
- The book is lacking in actual content. After listing several topics that you should learn (marketing, accounting, etc.), I'd expect the author to at least provide primers on these subjects. However, he only recommends other books.
Most importantly, and here's a WARNING, the book pushes you to get rich for all the wrong reasons.
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24 of 26 people found the following review helpful
3.0 out of 5 stars The Good, The Bad and the Ugly... June 11 2004
The Good:
The author challenges us to re-think our financial priorities and the way we define assets and liabilities - i.e. houses, cars and golf clubs are NOT assets in that they suck money out of us rather than generate a revenue stream for us.
In fact the whole message of the book could be summarized by saying, "start early and put money aside into investments that will eventually generate enough revenue for you to retire".
The Bad:
The writing is very average, the book is quite repetitive, and the author comes across as pathologically obsessed with money and annoyingly ego-centric. In fact, he appears to have thought about very little in his life other than golf and making money, ever since he was a kid. And in pursuit of making money he chose (as he has a right to do) to forgo a lot of fun things along the way such as baseball as a kid (too busy working for free for "Rich Dad") and having kids (I'm guessing here - but it's clear this guy would see kids as a financial liability - and you can't have that dragging you down).
It's fine for him to make his own choices but he portrays working class people (which includes most of us) as pitiful, lazy, scared and generally pathetic failures who are all very unhappy. He genuinely seems to believe that we can't possibly be enjoying life because we're not financially independent like him. I felt sad for him.
The Ugly:
The title refers to the fact that his biological father worked at a job (professor) his whole life while a friend's Dad (the Rich Dad, here) taught him how to invest and get out of the "rat race".
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