Rich Dad, Poor Dad for Teens: The Secrets About Money--that You Don't Learn in School! [Hardcover]

This book is an excellent introduction to the how and why of finance. Author Robert T. Kiyosaki has written this short book in clear concise language that cannot be misunderstood by the teen in your family. At the outset, Kiyosaki puts the young reader at ease by talking about the myth of IQ and intelligence. He immediately erases any thoughts of "I am not smart enough to understand this book". Once again, as in his previous books, Kiyosaki emphasizes how the rich think differently from those who are in the middle and poor class. Rich Dad Poor Dad For Teens is an easy to read 'think positive about finances' book for young people. Included is a two-page glossary that proved to be very helpful to the young teen (age 15) who read this book after I did.

In this day and age of consumer greed and high end designer clothing for teens, there is a chapter that addresses Stretching the Dollar. Kiyosaki does not say be frugal, instead he advices the teen to think of ways to recycle old clothing, how to buy in bulk, etc. I was particularly impressed with a revealing exercise under the heading of The People Whom You Spend Your Time with Are Your Future . Now that can be scary--but what a powerful statement. I had earlier talks with my young friend concerning this very subject. Reading and discussing Rich Dad Poor Dad for Teens together gave us the opportunity to delve into this troubling issue again, this time with very positive results. He walked away feeling good about himself.

I recommend Rich Dad Poor Dad for Teens: The Secrets About Money--That You Don't Learn in School! This book can definitely help teens to accept and understand financial responsibility.

Vannie(~.~)

Work & Family @ BellaOnline.com

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I'm fourteen and I've read four of Kiyosaki's books. I liked all of them, except for this one. He doesn't get into the facts about investing. Pretty much, all he says is get a job, control your spending, and invest. Save yourself $15 and buy Rich Dad Poor Dad instead.

Despite the controversy surrounding the author, Robert Kiyosaki, I strongly feel that this particular book is still worth reading by teens, as it offers good teen-friendly advice on achieving financial headstart & freedom.

Overall, his advice is also given in a straight-talk, easy-to-understand manner.

In a nut shell, this particular book covers basic principles of cash flow, assets & liabilities, savings & investments, as well as spotting money-making opportunities. There is even useful information about personal learning style while developing financial intelligence.

Yes, the author's published stuff to some extent may seem hyberbolic on the surface, but deep down, you can always discern some useful learning from some of his teachings. [Personally, I have encountered the author in Hawaii. Frankly, I don't like his arrogant attitude & his seemingly characteristic propensity for running circles around people who ask pertinent questions, but I do respect some of his thoughtware.]

His core financial advice to teens is certainly realistic:

- work to learn, not to earn;
- don't work for money, make money work for you!;
- play games to learn!

Allow me to share this simple reading philosophy of mine: Absorb what is useful; reject what is useless; research your own experience & add what is specifically your own!