Rich Dad's Rich Kid Smart Kid: Give Your Child a Financial Head Start MP3 CD – Audiobook, MP3 Audio, Unabridged
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'Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future' -- USA TODAY --This text refers to the Paperback edition.
About the Author
Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. With perspectives that often contradict conventional wisdom, Robert has earned a reputation for straight talk, irreverence and courage. He is regarded worldwide as a passionate advocate for financial education.See all Product Description
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Top Customer Reviews
The root of the current problem lies in America's transitioning from an Industrial society into an Information society. Kiyosaki explains the need for transitioning our thought, "In the Information Age, what you know becomes obsolete very quickly. What you learned is important, but not as important as how fast you can learn, change, and adapt to new information" (xi). These structural changes tangibly affect us regardless of whether or not we acknowledge them. Some of the problems facing tomorrow's youth include social security, healthcare, increased risk of obsolesce through increased specialization, and the need for lifelong education. Education must adjust with the times.
Currently, our education system teaches scholastic and professional skills. Scholastic education focuses on the ability to read, write, and do arithmetic. Professional education trains students for high-level careers later on in life. However, this Western brand of education fails our children in some crucial ways. Rich Dad said, "The child learns by doing, making mistakes, and then learning" (238).Read more ›
However, I did think it was interesting and helpful. For some reason, I couldn't put it down when I read it. The anecdotes, although too prolific, were somewhat interesting. Before reading this book, I didn't even know you could invest in Real Estate, and he went into how and what you do a little bit. The section on self-perception and different geniuses was very interesting. I think if all kids knew that they were smart, just not in every way, there would be a lot less self-esteem problems. I think it would also help teachers be patient with kids that are labeled "troublemakers."
Although I enjoyed reading Rich Kid Smart Kid for the most part, and it did make me feel smart after I read it, I was annoyed at the posed questions that were never answered. Where do I get the money to invest? It sounded like the money he started out with just appeared, which I know didn't happen. I also wish he would have explained Asset, Liabilities, Income, and Expenses in a little more detail. Instead, he referred to his other books, which I probably won't read. The part I learned most from was when he put the situations into a real-life senario. It also bothered me how he said he wasn't writing a book on parenting, when he was dishing out an awful lot of advice.
Overall, the book was interesting and it might be the way to a good start in your child's financial life, but that doesn't help me too much. I think I would have benefitted from this book a lot more if it had been more answers than questions, but that may have been the reason it was quick reading.
For example, Kiyosaki starts off by citing an article in the Arizona Republic with the following statistic: "About 700,000 seniors will be cut from Medicare Choice HMO's according to a survey released earlier this month by the American Association of Health Plans."
Kiyosaki goes on to cite another statistic based on a study done by the Department of Health, Education and Welfare, of every one hundred people at age sixty-five, one is rich, four are comfortable, five are still working, fifty-six are needing government support or family support, and the rest are dead.
Interesting is the first time I heard this statistic was back in 1974 when I was in the insurance business. The late Earl Nightengale also frequently stated this in his excellent classic "The Strangest Secret" which was released back in the 1960's. Things have not changed much in over 40 years and not likely to unless we change.
Kiyosaki goes on to say that this book is not about becoming the one rich person out of a 100 (although that is a noble goal)It is about the fifty-six who still need someone else to support them.
Kiyosaki then points out that many people erroneously say they won't need much money when they retire because their living expenses go down. Nothing could be further from the truth because of the rising costs of health care.
Kiyosaki then asks; "Did these senior citizens education prepare them for the financial challenge at the end of their lives?Read more ›
Most recent customer reviews
Thank goodness it wasn't in slow-motion!
This is the fourth book of Mr. Kiyosaki's I have read. The ideas in all of these books could have fit in to one. Read more
This book was very insightful to parents all across the world. It teaches parents that in order to be successful in the financial world and the buisness world, you have to have a... Read morePublished on March 24 2004 by Josh Fierro
This book is good if you want to know how to become rich and succesful. It's the key to help parents teach their children how to become financially stable. Read morePublished on Jan. 4 2004
I liked this book because it teaches the reader how to teach their children about money and how to use it. Read morePublished on Jan. 4 2004 by Jonathan
Kiyosaki wrote this book to give parents financial strategies on how to give their children a financial head start.The book is written in three parts. Read morePublished on Jan. 4 2004
I think that this book gave good advise and tips to become wealthy. What i thought that was true was when kiyosaki wrote about how not everyone is smart in the academic field. Read morePublished on Nov. 2 2003
What a way to start our children off right! This book teaches parents how to teach their children to become financially successful, to prepare for the future and to overcome the... Read morePublished on Oct. 31 2003
Can't think of a better way to prepare our young for the harsh realities of life and in particular wealth building than Rich Dad's Rich Kid Smart Kid. Read morePublished on Oct. 31 2003
In my opinion the author of this book really focus on his main points. Allowing us to understand how to manage problems that we go through when we have a cild that is not so good... Read morePublished on Oct. 31 2003