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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

by Robert T. Kiyosaki, Sharon L. Lechter

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Editorial Reviews
Product Description
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

Amazon.com
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


All Customer Reviews
Average Customer Review:4 out of 5 stars
1 of 1 people found the following review helpful:

5 out of 5 starsExcellent Book., 2008-06-24
I enjoyed reading this book. It was very interesting and at times funny. I did not want to put it down. However, if you are looking for a get rich quick idea or scheme, it is not in this book. Also, if you are not interested in real estate, you may not like this book, because that is most of the author's story. When I heard about this book, I thought it would show me how to get rich. The book does not show you how to get rich, it tells the story. If you want to get rich you only need do one thing, MAKE MONEY. I know it sounds stupid, but my uncle told me, "if you want to make big money, you have to do things in a big way." You can get rich by going to school, or by working in a restaurant, or by selling cars, getting rich is up to you. Just turn on the tv and you will see lots of rich people who did lots of different things to get rich. Good Luck!


0 of 1 people found the following review helpful:

5 out of 5 starsFinancial Independence from common sense, 2008-06-22
This book is amazing for the reason that it teaches you the way to financial independence, and how any person would start thinking business. The examples of implmenting this in the real estate are very nice, and help us to start small. A similar pattern / principle can be applied to any other business.


1 of 3 people found the following review helpful:

1 out of 5 starsBORING, TEDIOUS , 2008-06-19
I can't read this stuff. The stories are long and seemingly pointless. I tried skipping through to find the pearls of wisdom, but I never found any. One story tells in endless dull detail how he worked for 10 cents an hour when he was a kid. Who cares? Just get to the point.
I've seen this guy on TV, and he's a salesman. He tells you, over and over, how rich he is and how smart he is, but he never tells you anything you can use. I suspect he got rich by selling these books, which tell you how to get rich, supposedly. Looks like baloney to me.


0 of 3 people found the following review helpful:

4 out of 5 starsmotivational, 2008-06-19
I recently purchased this book for my husband as well as several other books in the series. My husband is in the military and also takes a big interest in real estate. Since giving him the books several of the other guys in his platoon have borrowed the books and have found new passion and insite not only in real estate but their personal goals in life. Although most books in the series expand on the writers experiences in real estate, the principals can be applied to many different occupations, personal and professional goals. I highly reccomend this book to anyone feeling the "hamster in the wheel" syndrome, (running real fast but getting no where) and anyone re-evaluating or concidering a career move. If anything, it may motivate you to make a change. Maybe not into real estate but a change to better your situation.


4 of 5 people found the following review helpful:

2 out of 5 starsWhat's all the buzz about?, 2008-06-18
I like to read good financial books and this book kept getting a lot of buzz, so I finally got around to reading it? I just don't understand why so many people rave about this book.

Instead of giving you tools, this book is about changing your thinking process.

In essence, I'll sum up the lessons here:

1. He redefines assets and liabilities. Assets put money in your pocket, liabilities cost you money. Thus your home is probably a liability while you live in it. Of course, you have to live somewhere, right?

2. Educate yourself about financial matters. No actual education given in this book.

3. Try and be of a mindset to spot and take advantage of opportunities, where ever they may be.

4. Instead of just assuming you can or cannot do something, ask yourself why you can or can't. Put some thought and analysis into it, instead of letting your emotions rule your decisions.

Sorry, I expect a lot more from a book that gets this many rave reviews.




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