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Rich Dad's Rich Kid, Smart Kid: Giving Your Child a Financial Head Start Audio CD – Abridged, Audiobook

3.7 out of 5 stars 68 customer reviews

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Product Details

  • Audio CD
  • Publisher: Hachette Audio; Abridged edition edition (March 1 2001)
  • Language: English
  • ISBN-10: 1586210947
  • ISBN-13: 978-1586210946
  • Product Dimensions: 12.7 x 2.5 x 14.6 cm
  • Shipping Weight: 159 g
  • Average Customer Review: 3.7 out of 5 stars 68 customer reviews
  • Amazon Bestsellers Rank: #2,632,038 in Books (See Top 100 in Books)
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Product Description


'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. --This text refers to the MP3 CD edition.

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Both my dads were great teachers. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Back Cover
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Customer Reviews

Top Customer Reviews

Format: Paperback
Our current education system fails to adequately teach our children the financial skills necessary to survive later on in life. Robert Kiyosaki wrote Rich Kid, Smart Kid to fill those gaps. The fundamental premise of the book is that all children are born smart and rich. The goal of education is to bring out that natural genius within our children. Awakening this genius inside of us is a sure way to become happy. Therefore, being happy through realizing our innate potential is more fulfilling than being rich and unhappy. Rich Dad said, "If you are not happy while getting rich, chances are you will not be happy when you get rich. So whether you are rich or poor, make sure you are happy" (14).
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).
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Format: Paperback
As I read other reviews, I could relate to them all. Rich Kid Smart kid was extremely redundant (I could repeat to you all of the sayings he said over and over), his anecdotes I could have done without, and he advertised himself a ton. It also bugged me how many times he said he was a bestseller author. What a way to identify yourself.
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.
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Format: Paperback
This is not just another book in the rich dad series, this is a book that all loving parents must have to truly empower their children to greatness. Kiyosaki offers some striking facts to support the advice he learned from his Rich Dad.
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?
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