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

"Rich Dad Poor Dad" by Robert Kiyosaki really shakes up your thinking about money. It's not your typical financial advice book; it challenges conventional wisdom. The core idea is about building assets and understanding the difference between good and bad debt. The book is easy to read, using stories to explain complex concepts. It encourages you to take control of your finances and think long-term. While some of the advice might seem simplistic, it provides a solid foundation for financial literacy. Overall, it's a valuable read for anyone looking to change their mindset about money and start building wealth. It's a classic for a reason! really shakes up your thinking about money. It's not your typical financial advice book; it challenges conventional wisdom. The core idea is about building assets and understanding the difference between good and bad debt. The book is easy to read, using stories to explain complex concepts. It encourages you to take control of your finances and think long-term. While some of the advice might seem simplistic, it provides a solid foundation for financial literacy. Overall, it's a valuable read for anyone looking to change their mindset about money and start building wealth. It's a classic for a reason!

I was recommended this book by someone I trusted and - after reading the reviews - was quite skeptical, but - as i said - I trusted the recommendation.... I am glad I did! I cannot recall ever giving a non-fiction book five-stars! This book differs significantly from "self-help" books that are out there...it is a first-hand retelling of success, told supportingly and without hubris! It tells of lucky observations and timing and how they were capitalised on early with success ("the library" for those who have read it!) and the positive feedback loop that creates...and warns of the well meaning nay-sayers who so often (and even in my own experience) scupper what seemed - and in retrospect was - a good investment. I purchased the 20th anniversary edition which had sections on reflection and hindsight which - in such a book - are immeasurably valuable in their own right! Without regularly reflecting on the content, it just becomes a jumble of words and the messages are lost. Many of the reviews against this book bear no resemblance whatsoever to the content of the book that I read - which I read cover to cover, word for word...neither skimming nor rushing. They also seem to complain of high-cost seminars based on the book ("rich dad Seminars") etc....this is not a result of the book, but others trying to capitalise on the security/cookie-settings of the computer used to order. Indeed, within the pages, the author warns against these courses, whilst at the same time citing their value IF CHOSEN WISELY! Others actually focus on the areas that the author cautions against...i.e. being over-cautious and becoming your own nay-sayer!

I chose to read this book after reading "Rich Dad, Poor Dad" and finding it a good read. Kiyosaki's ideas are great and throughout the two of his books he often refers to people having read the series. I actually think reading more than one of the books is where the issue lies, as each one is far too similar to the other and it starts to seem as though the same message is constantly on repeat. "Thats financial intelligence" and "buy real estate" etc etc. I would also point out that this is not a "get rich quick" scheme to any potential readers, its a realistic way of managing and spending your money so the title is a bit misleading. Firstly, the book pretty much revolves around using real estate to make money and if you're here in the UK than you need significant capital in the first place to even consider buying any property. Kiyosaki make money in a high paying sales job in the early days, so if you're working minimum wage today and hope this can help you then you may be in for a disappointment. Key take away from both the books I have read is how to spend more intelligently on assets that make money rather than the liabilities that dont. Its amazing the way the book makes you realise how everybody falls into the trap of earning well but having none left at the end of each pay day. I would recommend this book if you have not read the others and similarly if you havent then I would recommend buying "Rich Dsd, Poor Dad" instead.

My friend recommended this book to me as he was also interested in money making and buisness. Robert really gives some foundations in thinking how money should work 'for' people and people are working 'for' it. Here he desribes, in the most simple way possible, the accumulation of assets that provide positive 'cashflow' (liquid cash). He gives numerous examples of excellent 'deals'. In one, he took advantage of comics going to waste collection to create a fee based library inside a person's house while hiring his sister to manage it. He gets kids around the neighbourhood to pay into it, getting positive cashflow without much work. In resemblence, later in life, he took advantage of a depressed housing market by bidding in bankrupcy auctions, getting excess of 1000% gains reselling it to a buyer using borrowed money. While I have to disagree with not diversifying your assets into other places, I can't deny he didn't do a good job of making money in optimal market conditions (for housing, low borrowing standards and high housing inflation). It should also be pointed out that Robert lost a lot of money by leveraging himself in the estate market, 'blowing up' in the 2008 housing crash. His message was pretty obvious upon reflection, leverage was key to his wealth, but also a key to his demise. Be careful in taking too much risk without understanding that you could become non-liquid pretty fast with large leverage multiples.

Brilliant book with timeless knowledge. Worthy of being on everyone’s bookshelf. Generational wealth creation and retention is well explained in the book. The exercises makes it even more practical.

Great book

Good book yo read. Inspires you to do business.

This author has his business plan in stocks and real estate opportunities he got lucky with. I admire the guts to try and succeed. Maybe the idea of being jobless after he left Xerox company gave him time to learn and adapt. Still i feel he rode the wave of the boom of certain markets when he made moves financially. He definitely got the leg up and tutoring from the rich dad which doesn’t typically happen to ordinary people. What he seems to forget is there are dependents of a sole bread winner in a family that can’t take the same risks he champions. No everyone has insiders in the business in their community or work. Just because the stars aligned for you doesn’t mean the same could happen to everybody. Then there is the paradox of community needs. The community needs every profession to sustain itself. Your plumbers, your teachers, and your fighter fighters can’t risk their savings on schemes and ventures that they can’t afford to lose. I don’t know. There is some nuggets of insights here, but a gentle reminder again of this author’s environment, connections, and socio economic culture that really propelled him into his unique situation.

طباعه محترمة

I love it

Buon libro per cominciare ad avere un'educazione finanziaria. La storia in stile autobiografia romanzata lo rende facile da comprendere e scorrevole. È utile soprattutto per capire la mentalità da avere riguardo al denaro, tuttavia non offre consigli pratici su come cominciare a investire ecc...Quindi è soprattutto una buona introduzione al tema e un buon punto da cui cominciare.

A must-read manual for anyone who needs to be educated, not just in financial matters, but also in dealing with people. The parallel between the two fathers is the real representation of how our previous generations tried to lead us to moral rules that would keep us in poverty forever. Reading this book is a curse breaker, so to speak. It makes us discover that we are, by some obscure force of society, following rules imposed by representatives who want to keep people in poverty. Therefore we must understand what is wrong and change the course of our history. Worth it a read!

El autor plasmó claramente las ideas que deseaba que llegaran a más personas. En tiempos cambiantes, donde parece que el destino de muchos está ligado a la zozobra económica, este texto nos indica que debemos ser nosotros los que dirijamos nuestras vidas para darnos las vidas que merecemos. Libro recomendado para todo el mundo.