A BOOK CALLED RICH DAD POOR DAD
Rich Dad Poor Dad is a book written by Robert Kiyosaki and Sharon Lechter. It advocates the book one of his favorites. American rapper Big K.R.I.T. made a song called "Rich Dad Poor Dad" though it had no connection to the book. “Mom,” he continued, “I don't want to work as hard as you and dad do. was to get out of the inside track-what Robert called the “Rat Race” and reach the outer track, .. What follows is the story of Robert's two dads, a rich one and a poor. This is a book summary of Rich Dad Poor Dad by Robert T. Kiyosaki. Read this Rich Dad Poor Dad summary to review key takeaways and lessons from the book . “To find million-dollar 'deals of a lifetime' requires us to call on our financial.
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Rich Dad, Poor Dad book. Read reviews from the world's largest community for readers. Personal finance author and lecturer Robert T. Kiyosaki deve. Rich Dad Poor Dad [Robert T. Kiyosaki, Tim Wheeler] on sppn.info reviews ; site Best Sellers Rank: #, in Books (See Top in Books). Editorial Reviews. sppn.info Review. Personal-finance author and lecturer Robert Kiyosaki 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.
However, I understand that Kiyosaki has several other books written that appear to dive into the subject more thoroughly, and I look forward to reading those.
Still, this works as a great stepping-off point to make us reconsider our view of financial issues. This was clear, well-written, and thought-provoking, and left me wanting to learn more. It made for great discussion with my husband, and I felt like we both grew closer as we considered the opportunities around us. I highly recommend this book to anyone who wishes to increase their financial knowledge. Jan 21, Danine rated it did not like it Recommends it for: I've been wanting to read this for a couple of years.
After some recent events in my life I wanted to understand the financial thinking of people who were raised wealthy and those who were not.
The first chapter was great. The storytelling was simple and informative. It made so much sense to me and I related to it. Then I started Lesson Two: Why Teach Financial Literacy.
It was this chapter that I realized that homeboy Kiyosaki is quite pompous. I understand that he was using specific examples i I've been wanting to read this for a couple of years. I understand that he was using specific examples in his financial success which is essential for writing a book in this genre but he was just being pretentious and inflated.
It was a line in chapter six that made me halt and decide to put down the book for good. It was an example of how his friend bought a rundown house. Kiyosaki writes "It was spooky to look at. He did. He's not worth my time. I checked out this book at the library.
He does know how to invent money by creating a need. The need is for people to download his books and products. Kiyosaki's lectures and advice may appeal to some but I felt like I was being swindled. I won't finish this book and will read financial advice from people who are intelligently wealthy, more humbled and less pompous.
Book Review: Rich Dad, Poor Dad
Apr 09, Abby rated it it was amazing. I can definitely say it changed my life and they way I look at money and finances. For example, my husband and I bought investment properties after I had him read it as well.
It is very easy and interesting to read.
Here is one of my favorite lines from it, approximately quoted: Everytime I lose money in an investment, I remember how much better I am for investing and making my money work for me than just hiding it and hoping nothing bad happens to it. Also, I loved the story of the young talented writer who came to Robert Kiyosaki and lamented not being able to get published.
He told her she was very talented, and that she should take a sales class. She was mortified. She was a gifted writer, not a lowly salesperson.
I excelled at sales, so I personally already was thinking she was kind of dumb. She was miffed. He was right. I saw some other reviews saying they disliked the way he talks about people with tons of education always being poor, as if he is above them and so much smarter. Honestly, there is nothing wrong with having lots of education and still being poor, if that's all you want.
This book is about how to be smart financially, though. Feel free to be poor. I want to be a millionaire soon. So I learn about money. And I love and learn from Robert Kiyosaki, who is great at that. Lots of people look at him and get annoyed that he is so rich and successful, and don't like him. I instead look at how he is rich and successful, and try to figure out how he did it.
View all 6 comments. View all 13 comments. Sep 14, Samantha Cira rated it did not like it Shelves: Sorry, but this book is a bunch of mumbo-jumbo BS. The concepts in this book, to me, are common sense and there are no concrete applications to his ideas. Yes, the poor get poorer while the rich get richer, there's a ground-breaking idea! Yes, most people don't know how to manage their money, we know, so how about telling us how?
The majority of the book is Kiyosaki wanking it, telling us stories about his life which I don't even think are true. If you want to learn about personal finance and inv Sorry, but this book is a bunch of mumbo-jumbo BS. If you want to learn about personal finance and investment strategies, this is not the book for you. View all 9 comments. Apr 30, Audrey rated it it was amazing. The life changing book that has been a personal finance best seller for over a decade written by author Robert T.
This little book has changed the lives of many people and their perspective on money, who are in misery, not knowing how to make ends meet due to lack of financial education. The contents of this book, tells the story of a young man, who is the author himself, being brought up by his natural father the conventional way of getting a job, saving every penny, working hard and The life changing book that has been a personal finance best seller for over a decade written by author Robert T.
The contents of this book, tells the story of a young man, who is the author himself, being brought up by his natural father the conventional way of getting a job, saving every penny, working hard and climbing the corporate ladder. At the same time, he also had a "second father" who taught him a different way to view things and how to start from scratch and build his business into an empire.
I am sure many of us can relate to the story on the part where we were being brought up the conventional way to become workers.
As much as we don't wish it to be that way, ironically, the education system plays a very big part in educating our fathers and their fathers to be trained into workers instead of educating them and inspire them to become business owners. Ignorance of other available choices, we are trapped in a eternal cycle of working for money, saving up and spending on wasting assets that constantly drains our finances and loses value over time. Welcome to the rat race! Unless we learn and educate ourselves on personal finance, we will be unknowingly stuck with only one way of thinking, and passing that knowledge on to the next generation.
Talk about vicious cycle! The main point of this book is to educate yourself on personal finance, which is to learn how to become financially independent by making money work hard for you and not you working hard to earn every single penny.
It teaches you that you do not have to be a slave to money and to turn the situation to your advantage. There is no need for you to work for another person if you do not want to, in order to fulfill what you want in life. You are in control of your situation and you no longer need to take orders from anyone. You decide how much work you need. You are your own boss! This book has certainly made a huge impact on my life, why not read it and see if it will change yours as well?
Make that difference now. Review by Ben Ang Article Source: Ben Ang View 2 comments.
View all 3 comments. Apr 29, Shalini Sinha rated it liked it Shelves: The signal to noise ratio is not very good in this book. But there are already many useful critical reviews on GR, so, I'll just talk about the important takeaways. If one is looking for practical advices related to investing, this is not an apt book to pick up. Important takeaways: This makes the majority of the content of the book. Have at least minimal knowledge of a Account The signal to noise ratio is not very good in this book.
Have at least minimal knowledge of a Accounting b Investing c Understanding markets d Laws - tax advantages and protection from lawsuits 2 Have total financial self-reliance vs reliance on managers for investment advices. Keep liabilities and expenses down. After asset base is good, make speculative investments big and risky.
Investment is not risky, the lack of financial intelligence is. download luxuries last. Always ask do I really need to download this. There is also a short biography of Robert Kiyosaki who definitely had an adventurous childhood.
He became part of some small businesses at an early age of 9 and was quite imaginative in identifying opportunities to make money. Do I recommend it? I do think that for a generation which grew up with internet and browsing Quora or Medium, most of the content in the book is common knowledge.
Also it's a self-help and not an actual investing book.
But it's a short and simple read and okay to read for a beginner. Also note that almost all the time when the author uses "poor", he is referring to the middle class and not actual poor who don't have access to basic opportunities.
Recommended only for beginners.
Oct 29, Khaled rated it liked it. Dec 19, Leslie rated it liked it Shelves: There were things that I liked and things that I disliked about this book. Not many Americans are in this tax bracket, certainly not the person that would be reading this book! For instance he states that "Our staggering national debt is due in large part to highly educated p There were things that I liked and things that I disliked about this book.
For instance he states that "Our staggering national debt is due in large part to highly educated politicians and government officials making financial decisions with little or no training on the subject of money" p.
I do not believe that our politicians lack education or training on money. I believe it is because our politicians lust after greed and power and are not willing to live within a budget. In regards to spending they are only thinking of the present, not the future. He says that we should always be looking to learn something new because things are always changing.
You have to stay educated so you can recognize an new opportunity. He encourages the reader to take matters into their own hands and make money work for you instead of working for money , investing and wealth. Although he presents "examples". He encourages us to give to charities and to people with less.
He believes in the American dream. He challenges the socialist ideas and entitlement mood of the country. I understood a main theme to be get out there and help yourself instead of relying upon government and society.
How To Sell Yourself
He discourages any spending that is trying to "keep up with the Jones". He discourages downloading luxuries on credit. He doesn't say that luxuries are bad, just wait until you can save up and afford them. I have heard many opinions of this book.
They seem to be love or hate. I like the book. Overall I found it inspiring and encouraging. The book has made me want to be more proactive in managing and investing in my own finances instead of relying on and waiting for my husband to get the next raise. Oct 06, The other John rated it liked it Shelves: This very night your soul is required of you; and now who will own what you have prepared?
This book is about "what the rich teach their kids about money that the poor and middle class do not. In it Mr. Kiyosaki contrasts his own father--Poor Dad--who got a good education, worked hard, but never quite made it big, with the father of one of his friends, who was quite successful and took Mr.
Kiyosaki under his wing. I was moved to read this book because, as I've been looking over my finances, I wonder if I might not have been doing things wrong. It turns out that I'm not totally off Mr. Kiyosaki's track.
By the grace of God I've been able to avoid major debt and I tend to avoid transient luxuries such as fancy cars and the latest electronic gadgets. Of course, my two year "vacation" overseas was hardly a wealth building choice. On the other hand, I'm too lazy to work hard and invest my finances responsibly. I'm content to stick my excess cash in the bank and forget about it.
So has the book changed me? I don't know. I don't need to be rich, but I sure do covet the financial independence that wealth can download. Even while I recognize the wisdom that Mr. Kiyosaki offers, I couldn't really download into his world view.
I'm going to have to think about this some more before I make any lifestyle changes. Could I recommend this book? Well, it was an enjoyable read despite the fact that I find finances boring. But I have two big reservations about it. The first that it was written about ten years ago, in a different financial climate. The second is that Mr. Kiyosaki has other books and materials for sale. I sometimes wonder if maybe the unspoken secret to financial success is to get a lot of people to download your books and attend your seminars.
Jan 27, Archit Ojha rated it it was amazing Shelves: A wonderful book for anyone who wants to be an entrepreneur. Enlightening about assets and liabilities, the book provides real life examples and scenarios. A must read for the beginners. I thought this book was great! Along with being a very pleasant read it had many valuable financial lessons to teach us.
We need to have financial literacy to survive. The book explores the types of I thought this book was great! The book explores the types of financial management lessons the rich teach their children. These are the lessons that the poor and middle class miss out on. They are simple and basically revolve around learning as much as possible so that you can make educated decisions about money.
Most importantly, this book gives you some basic ideas of things you will need to learn more about.. Wages will only keep you just above broke. Seriously, how many times do we have to be told this before we believe it enough to change our lives? Get out of the rat race!
Then they are stuck working for fear of losing that income. They want security. The aim is to not let money run your life. Beware of the hole in your pocket. Think with your head! Spend it foolishly, you choose to be poor. Spend it on liabilities, you choose to be middle class. Invest it in your mind and learn how to acquire assets and you will be choosing wealth as your goal and future.
The choice is yours and only yours. Every day with every dollar, you choose to be rich, poor or middle class. For most people, a home is a liability not an asset. Assets put money back into your pocket. Make every dollar you get work for you. Invest it. Then it will come back as more income.
Once a dollar goes into it, never let it come out. Think of it this way, once a dollar goes into your asset column, it becomes your employee. If you invest your money wisely it will create the income you need to pay the bills later. Plus, it will scare you into making your brain think about how to create some more money in the meantime. Learn legal ways to avoid paying so much in taxes. Protect your investments through corporations.
Corporations pay less in tax than the highest income brackets. Find out about taxes and legal ways to minimise them. Talk to an accountant about your current situation. Hire intelligent people to help you. Educate yourself and then take educated risks! Just like when you are playing Monopoly, you need to ensure you have sufficient cash to download properties in auction or you could miss a bargain. Young people should develop investment portfolios before deciding to own a house. The benefits of the extra years on the portfolio are phenomenal.
What are the best types of assets? Things that make money by themselves: Choose jobs according to what you will learn from them. Groom yourself as a CEO would groom an young, rising star.
Rich Dad Poor Dad by Robert T. Kiyosaki
Learn a little bit about everything and try not to over-specialise. Specialisation is a risk in itself. What happens if that profession becomes redundant? Where will you be then? Get over your fear, cynicism, laziness, bad habits and arrogance. Fear of losing, rejection, lack of money. We learn by making mistakes. Make some! Stop being a cynic and ask wealthy people you know how they did it. Find role models.
Read books. Look for new ideas. Go to seminars. Get off your butt and do something about your situation. Without a little greed, the desire to have something better, progress is not made. Give generously. Teach others what you know as you will learn more also. Help others to have what you want as you will gain also.
Give money to charity. Smile at people. Help others gain contacts and sales. What you give will come back. View all 4 comments. Jan 30, Jocylynn rated it did not like it.
My father handed me this book two nights ago, and said something to the effect of "interesting read--not very informative, but not bad". After reading 36 out of pages, I've already gotten a grasp of the overall message make your money work for you. I've also become bored with it. Keep your daytime job, but start downloading real assets, not liabilities.
When Kiyosaki says mind your own business, he means building and keeping your asset column strong. Once a dollar goes into it, never let it come out. He called Robin Hood a crook.
If money works for you, you keep the power and control it. Kiyosaki reminds people that financial IQ is made up of knowledge from four broad areas of expertise: Kiyosaki sees one thing in common in all of us, himself included.
We all have tremendous potential, and we all are blessed with gifts. Yet the one thing that holds all of us back is some degree of self-doubt. Kiyosaki always encourages adult students to look at games as reflecting back to them what they know and what they need to learn. They are instant feedback systems. If it is trained well, it can create enormous wealth. Richard uses two main vehicles to achieve financial growth: They are seen with your mind. There are five main reasons why financially literate people may still not develop abundant asset columns that could produce a large cash flow.
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The five reasons are: Richard has found that many people use arrogance to try to hide their own ignorance. Most people are not trained to see it. Richard believes one of the hardest things about wealth-building is to be true to yourself and to be willing to not go along with the crowd.Automating your Personal Finances.
Clason Length: 4 hrs and 4 mins Unabridged 4. I have read a few of the books as well and true it never gives specifics and yes there is a lot of repetitive information from his other books. Not many Americans are in this tax bracket, certainly not the person that would be reading this book! We can read all the books we want about becoming rich, but nothing is going to happen if we continue to have a negative attitude towards others who have made it.
I have read every book in the series I got them at the library , and nowhere does it give any specific information about what to do! Sorry, but this book is a bunch of mumbo-jumbo BS.