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Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That The Poor And Middle Class Do Not! Paperback – May 24 2011
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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 --This text refers to an out of print or unavailable edition of this title.
From Library Journal
Reissuing a self-published best seller.
Copyright 1999 Reed Business Information, Inc. --This text refers to the Hardcover edition.
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Top Customer Reviews
To be fair, some (but certainly not all) aspects are true in what he writes. He states that you need to increase your wealth generation capacity instead of spending on quick luxuries for example, something you'd be crazy to refute. However, his views on real estate or his approach of stating the obvious all the time over and over rubbed me in the wrong way.
I'd say, if you never EVER thought about wealth and business before, this might be an eye opener. For anyone that went farther that the second page of a newspaper at least once in his life, this book is too vague, too wishful thinking-ish and basically pretty worthless.
* 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).Read more ›
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.Read more ›
- wealth is measured by the number of days the income from your assets can sustain you!
This is the best lesson from the book! As a finance major, I can attest to it!
Most recent customer reviews
Good book! Should be required reading before kids enter advanced education or go out in the world.Published 1 day ago by Peter Saunders
Ce bouquin a beaucoup contribuè à mon développement personnel . J'ai beaucoup appris , ma situation financière a aussi évollué . Read morePublished 10 days ago by Client d'Amazon
Easy to understand and entertaining at the same time. My view of my finances will forever be improved.Published 10 days ago by Jackie Palmer
Filled with useless platitudes that any individual with common sense could figure out without paying this man. Read morePublished 1 month ago by Erik
Title is deceiving. The "poor" dad he describes is a well educated man with a solid profession. This is not a rags to riches story. Read morePublished 1 month ago by John J Ross
I bought it read some of it and took it straight back to Chapters and asked for my money back Garbage. Read morePublished 1 month ago by Amazon Customer
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