Rich Dad Poor Dad

Rich Dad Poor Dad

eBook - 2015
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In Rich Dad Poor Dad, the #1 Personal Finance book of all time, Robert Kiyosaki shares the story of his two dad: his real father, whom he calls his 'poor dad,' and the father of his best friend, the man who became his mentor and his 'rich dad.' One man was well educated and an employee all his life, the other's education was "street smarts" over traditional classroom education and he took the path of entrepreneurship...a road that led him to become one of the wealthiest men in Hawaii. Robert's poor dad struggled financially all his life, and these two dads--these very different points of view of money, investing, and employment--shaped Robert's thinking about money.

Robert has challenged and changed the way tens of millions of people, around the world, think about money and investing and he has become a global advocate for financial education and the path to financial freedom. Rich Dad Poor Dad (and the Rich Dad series it spawned) has sold over 36 million copies in English and translated editions around the world.

Rich Dad Poor Dad will...
* explode the myth that you need to earn a high income to become rich
* challenge the belief that your house is an asset
* show parents why they can't rely on the school system to teach their kids
about money
* define, once and for all, an asset and a liability
* explain the difference between good debt and bad debt
* teach you to see the world of money from different perspectives
* discuss the shift in mindset that can put you on the road to financial freedom
Publisher: Plata Pub.,, 2015.
ISBN: 9781612680187
1612680186
Branch Call Number: eBook
Characteristics: 1 online resource
text file, rda

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q
qianhaha
Sep 22, 2020

This book is a 100% must-read for anybody new to finance. I strongly recommend all teens to add this to their reading lists, and I think schools should add it to their curricula as well. This book teaches its lessons through a story - a kid and two fathers (No, they're different families). This was the second book that got me hooked to finance. However, I think some parts are rather repetitive. He repeats the same ideas about how a house is not an asset, there are four words you need to know: Cash flow, assets, and liabilities, etc. Repetition gets boring after a while.
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I also want to say - if you already read Rich Dad Poor Dad, don't read any of his other books. They're very repetitive, and they just paraphrase parts of this book.
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This also applies to his YouTube channel, as well. Very repetitive.
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Follow me on aclibrary.org if you like my book reviews :D The five seconds it takes to follow me will make me so happy :DDDDD

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Christie_L
Apr 19, 2020

Not a fan of this book, like Donald Trump, the author has a way of talking a lot without actually really saying anything, which is funny because towards the end of the book he mentions how Donald Trump is one of his mentors and talks of how they wrote a book together. Also, this book isn't super relevant to Canadians. Overall disappointed.

c
carolwu96
Feb 21, 2020

Apparently this book had revolutionized personal finances. It makes sense — being told that working will not bring financial freedom and hearing about something called “financial literacy” must have been groundbreaking. However, 20 years later, the book is just 40% chicken soup, 20% bragging and self-plugging, 20% helpful information, and 20% repetition.⁣
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Kiyosaki spends much of the book describing his success to bolster ambiguous suggestions. For instance, he reasonably suggests lifelong learning, but then supports it by saying that he had spent a few hundred dollars to take a course on investing and consequent garnered millions of dollars.⁣
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Another problem with this book is its impracticality. I kept waiting for him to actually discuss his theories on investing, only to read near the end something along the lines of, “some of you must be disappointed by the lack of practical advice, but this book is more about changing your mindset.” Well if this was the case, you could have said so earlier.⁣
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That said, I did find interesting and even helpful tips. One concerns the definition of “active assets,” which many people believe would include their home. However, the home is actually a passive because it is not something you can sell to counter a crisis. This is also true from personal observations. For instance, although the house prices in Vancouver have skyrocketed in recent years, many people who own valuable homes cannot actually sell them without leaving the area, so owning a more expensive home might not actually give more financial freedom. I also learned about the cash flow diagram, which explained the importance of maintaining actives, owning a company, and paying oneself first.⁣
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Despite these redemptions, I cannot help but feel that this was $25 thrown away. I am also perplexed by the fact that Kiyosaki published numerous other books after offering so little in his masterpiece. However, he did say that one way to earn passive income was to write. So I guess he just took a page out of his own book.⁣
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And is definitely having success with it.

For more book and movie reviews, visit me on Instagram @ RandomStuffIRead !

s
sunrock9810
Sep 24, 2019

Repetitive, redundant, and tiresome. Horrible writing. Great ideas.

k
ksidhu75
Mar 24, 2019

Rich dad poor dad offers a whole different view on money and how to:spend,save,and make money.Robert Kiyosaki talks about the financial education he received from his friend’s father compared to his actual father and what he learned.He compares everything the poorly financially educated mass has learned compared to the rich and wealthy and the results are astounding.The mass solely rely on their job income while the wealthy rely on purchased assets as cash flow. He also debunked the common misconceptions in the world of money such as a house and a vehicle being as asset.He also compared what an asset is in the eyes of a normal middle-class person and a top one percent person.Robert really changed the way his readers look at money and changed the way we view money after reading his book.It also talked about how formal education is failing us because the lack of financial education being taught in the schools.This leads to poor financial decisions and ultimately a worse economy.Robert hopes to change to way everyone values money by investing in assets instead of liabilities.Not what people think might be assets in the long term.

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Lazatio
Aug 13, 2018

Eye opening and a really worthy read for someone who wants to learn about financial literacy. I do not agree with all the points he mentions in his book, but I did learn a lot of knowledge from reading it. His ideas gives the readers a different perspective and point of view of financial literacy. This surely was a good read!

i
illy
May 22, 2018

Chapter 1 was great. And hilarious. The author learned about money by getting practical real life experience at a young age.

When the author was a kid, "I stood there, still not believing what a raw deal I was handed. I came to ask for a raise, and somehow I was (now) working for nothing (instead of 10 cents an hour). I didn't tell my poor dad I wasn't being paid. He wouldn't have understood, and I didn't want to try to explain something I didn't understand myself."

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colehuffman
May 18, 2018

This book seriously changes the way you see money! It isn't a book with an answer of 'how to do (x) to get (y)", but more so a book which talks about viewing money from a different perspective. As others said, this book would be a great read for any person to set them on a good financial path.

g
grahamdl
Apr 09, 2018

This is a book about finance written by someone whose main qualification seems to be selling books, seminars, videos etc. Some limited motivational value but no real financial guidance. In my opinion this book contains bad advice and some of the advice he gives is borderline unethical. Turns out as well what the author calls a “true” story about his two dads is really fictionalized. The more I read this book the angrier I got at its paternalistic tone, and it’s misleading, “get rich quick” perspective. If you read this book do your own research before you buy what he is selling.

This book changed the way I think about life, work and how I spend my time. It is not a How To guide, but the switch that will turn on the light and let you see how you may have been programed.

I quit my job and have happily joined the E/I quadrant where I make the rules and my upside is unlimited.

Eric
844-696-2265
https://www.thewealthfoundation.org

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qianhaha
Sep 22, 2020

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Feb 10, 2019

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lathamdtcutie101
Mar 11, 2012

lathamdtcutie101 thinks this title is suitable for between the ages of 13 and 99

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