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

 Rating 4
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80% Recommended by our customers.
Publisher: Business Plus
Catalog: eBooks
Release date: 2001-01-15
Media: Kindle Edition
Format: Kindle Book
Number of pages: 207
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Authors:
Robert T. Kiyosakisee more Books by Robert T. Kiyosaki
Sharon L. Lechtersee more Books by Sharon L. Lechter

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amazon.com Availability: in 24 hours
Current discount:19% off !
$7.96

Professional Review:
A #1 New York Times bestseller, Rich Dad, Poor Dad is a true story on the lessons about money that Robert Kiyosaki learned from his two "dads." One dad, a Ph.D. and superintendent of education, never had enough money at the end of the month and died broke. His other dad dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. 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, and teach you what to teach your kids about money for their future financial success. In Rich Dad, Poor Dad, Robert Kiyosaki explains how to make your money work hard for you instead of you working hard for money.

User Reviews:
 Rating 5   Written on October 31, 2008
   Summary: An eye-opening experience
The ideas in Rich Dad, Poor Dad have changed my way of thinking about money. Some of the things said in this book are shocking, but they make perfect logical sense after a bit of reflection. If you want to understand money, I'd recommend you buy this book for you and all of your friends.

 Rating 4   Written on October 31, 2008
   Summary: Very Good
Item was received in a timely manner and in good condition as promised by seller.

 Rating 1   Written on October 30, 2008
   Summary: Bad Advice!
How do you become rich? Simple. Just write a book about how to become rich. I've see the author's face everywhere, and he unfortunately is a bit of an opportunist. Aside, from the self-aggrandization, his advice is just wrong, and even worse, it's harmful to the ill-informed. This book focuses on what people supposedly do wrong with their finances, but provides very little help for how to do things right, or more important, how to become "rich".

So what's "wrong"? Investing in a 401-K is wrong, he says. Saving cash in a savings account is wrong. His reasoning is that a 401-K locks in your money and a savings account stagnates. True, but at least you're saving something, as opposed to what he considers "right."

And what's "right"? Investing in the stock market is right. And buying real estate is right. Owning your own business is right. You need only glance at the past month's headlines to realize that this is really, really bad advice. High home foreclosures. The sharpest drop in the stock market ever. And businesses laying off record-numbers of employees and many shutting their doors.

Rich Dad, Poor Dad encourages everyone to be an entrepreneur, but neglects to mention the dramatic pitfalls that come along with it. Not everyone is an entrepreneur, nor should most people try to be. If you are supporting a family, you ideally try to minimize risk, not maximize it.

The premise of this book is intriguing--that a shift away from the financial beliefs you were raised with could precipitate wealth--but the book not only fails to provide sensible ideas, it actually teaches very damaging ones.


 Rating 5   Written on October 27, 2008
   Summary: Taking Action
I read this book back in college while I was studying engineering and it was quite inspirational. But after I graduated I ended up taking an engineering job for about a year and a half and realized that I wasn't getting paid what I was worth. I went back to read this book a few months ago and ended up quitting my job in hopes of doing something more. (Although I did apply for USC and got in to get my Master Degree while I was trying to do something else just in case things didn't work out) But anyways back in August I attended one the Rich Dad's free seminars and ended up paying for more advanced classes through them. So now I'm hoping that this could lead me to the financial independence that the book has motivated me to achieve.

[...]


 Rating 4   Written on October 23, 2008
   Summary: Useful
You will not get rich in one night, but you will learn how money works, the easy way. I found it useful because I learned how to see money with a different type of glasses. I began to change the way I invested my savings, no matter the economic times. How money works is not taught in college, you should find advise from the experienced and this is a good source.

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CatalogeBookseBookseBookseBookseBooks
Release date2001-01-152001-01-152004-09-012008-06-272008-10-02
MediaKindle EditionKindle EditionKindle EditionKindle EditionKindle Edition
FormatKindle BookKindle BookKindle BookKindle BookKindle Book
Number of pages207272224160304
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