- Paperback: 336 pages
- Publisher: Plata Publishing; Second edition (April 11, 2017)
- Language: English
- ISBN-10: 1612680178
- ISBN-13: 978-1612680170
- Product Dimensions: 6 x 1 x 8.8 inches
- Shipping Weight: 8.5 ounces (View shipping rates and policies)
- Customer Reviews: 1,170 customer ratings
- Amazon Best Sellers Rank: #436 in Books (See Top 100 in Books)
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Second Edition
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- Money is one form of power, but what is more powerful is financial education
- The poor and the middle class work for money. The rich have money work for them.
- Learn to use your emotions to think, not think by your emotions.
- Assets put money in your pocket. Liabilities take money out of your pocket.
- Don't bury your failures. Recognize them and learn from them.
- Be charitable and give. You can give of your time, knowledge, and money. Give and you shall receive.
Overall, I would definitely recommend this book and know I will be referring many people in my life to read it.
I actually borrowed a copy from my local library and couldn't put this book down. It's from a personal perspective and I admire that. It's not fake and he basically lays out in the book how he accomplished it. It inspires me to learn more about growing financially and becoming more financially educated. After reading the book, I had to purchase it to add to my collection.
Holistically, this book is much more theoretical than 'how to'. I still took a lot away from it, as it gave me a new construct (or formula, as Robert would call it) to think about money that I hope to use going into the new decade!
Would definitely recommend if you are curious about a new way to think about money, or even for older children as a good foundation in finance. I would not recommend if you are looking at a book that would provide a list of tactics on how to make passive income (that type of book would need to be read next, after this book)
Here are the two things I don't like about it.
#1) It kind of felt like he suggested that your ultimate goal in life should be to accumulate wealth. And if you get wealth you will be happy.
#2) He talk about avoiding taxes. I don't want to say it is unethical, but I don't think I would feel comfortable doing the stuff he talked about.
So, my advice it take it all with a grain of salt. If you follow the precepts in this book, you will be able to accumulate wealth. The question is are the sacrifices you may have to make (job security, family, immediate luxuries) worth it. Only the reader will be able to answer that.
Top international reviews
Claims that he was forging coins pouring molten metal on his driveway at 11 year old however made alarm bells ring and my suspicions continued through the book, which marred the overall experience. Above all, the two Dads (or at least one!), don't exist. It's just a fabrication to convey a point.
The book is extremely easy to follow as Kiyosaki uses simple language and examples, including many diagrams, to explain his concepts. As well as this the book flows extremely well and each chapter builds on the last one with every new chapter driving home the message of the previous chapters.
Overall this book has really been an eye opener for me in terms of personal finance and I have already started using a lot of his methods. I rate this book a must read and 5/5
Robert provides lots of different explanations and stories to get his point across. However, the only downfall I would have is that it talks about 401(k) plan and various other American investments, which being British, is very different on our side of the pond. None the less, still a good read for starting out, and not too long so your attention shouldn't wonder off.
However these kind of books and events they hold continue to make the Authors rich, not really the person reading. Thats up to you to learn.
It's a good (easy) read, but glosses over practical details so that all you're left with is an overwhelming sense of how impossibly difficult it is to become 'financially independent'. I can't give it a bad review though as I can appreciate how true his words are, I just feel as though to realize his advice I would also need a new dad, brain, friends, upbringing...etc.
Maybe a little dated on the shares and real estate, however this is readdressed in 'The Business of The 21st Century'.
I would recommend this to anyone wanting to understand why they have not got financially ahead by now, and how to best improve you and your children's financial future.
Simply the best book (Along with 'The Richest Man in Babylon) about personal finances.
I love this book, I have read it around 10 times and I continue to listen to the audiobook version again and again.
No more description needed, just buy it