Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - his two fathers. This text lays out Kiyosaki's philosophy and his relationship with money.
Rich Dad Poor Dad
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Book Description
Editorial Reviews
Amazon.com Review
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
--This text refers to the
Paperback
edition.
From Library Journal
Reissuing a self-published best seller.
Copyright 1999 Reed Business Information, Inc. --This text refers to the Hardcover edition.
Copyright 1999 Reed Business Information, Inc. --This text refers to the Hardcover edition.
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Questions from Readers for Robert T. Kiyosaki
Q
It is an honor to have the opportunity to pose a question to you. I am an American attorney based permanently in Bangkok. I have a reasonable income but continue to occupy the wrong quadrant. My question: Foreigners (who are not married to Thai...
Mari-O
asked
Nov 20, 2011
Hello and thank you for the question, I want to start off by saying that this is your life, your money and your decision. Asking for advice is good, but you must do your own research and ultimately make the decision. While one great advantage for real estate in the US is the 1031 exchange, it is certainly not the only advantage. Real estate generally has many tax and legal advantages. It also has the ability for one to take on great debt, have someone else (your tenants) pay off your debt while you keep the asset. I do not know the taxes or laws in Bangkok, but I would take the time to get educated about them to know if investing there is good for you. The idea of your turning over your hard earned money and giving it to someone else is the mindset that has eroded our society. It is a lazy mindset and one that refuses to take responsibility. If you do not know what to due with your money, then find out! Look at the four assets (commodities, paper, real estate and business) find out what interest you, get educated, build a team and take control of your future. It sounds like you have the start to a good real estate team in Austin. Leading a great team is the way to wealth. From what you've written, it sounds like you are missing a good broker to bring you the deals. Ask your existing team members for recommendations. Interview until you find a broker who has access to deal flow, understands the cash flow investing mindset and who invests him/herself. Once your team is solid, you will get the deals you need and have the ability to take advantage of the laws and tax benefits to real estate. You are off to a good start. Keep getting educated and build up your team.
Robert T. Kiyosaki answered
Dec 6, 2011
Customer Reviews
Most Helpful Customer Reviews
800 of 869 people found the following review helpful
Format:Paperback
This book is definitely not for Harvard graduates. Typical Harvard graduates are too busy updating their resumes and pounding the pavement trying to find a j-o-b just like the one they just got downsized from to benefit from a book like this.On the other hand, for people who are willing to be changed; are sick and tired of the rat race; tired of paying for somebodyelse's dreams; tired of having their boss determine how many sick days they deserve or how many vacation days they can take will enjoy and benefit from this book. I also recommend Loopholes of the Rich and The Business School for People who like helping people.Slams at network marketing people by 1 star reviewers are predictable and stale. Question 1 stars: How is your lifestyle? What kind of car do you drive? Where do you go to vacation? How much did you pay in taxes last year?The investment advice is also right on. Just talk to all of the people who are losing money following conventionable advice.A house is an asset? Yes, if you are the bank. If you want to turn a house into an asset, it's very simple, do what banks do and become a real estate investor.As for that website that keeps getting mentioned here, if it really was that good there would be no need to repeatedly mention it here would there?RDPD is a OUTSTANDING book. I highly recommend it.My motto is: I'll do today what others won't so I can do tommorrow what others can't.The recipe is simple; just follow Kiyosaki's advice.
992 of 1,079 people found the following review helpful
Format:Paperback
Where do you learn about money? School? No! Too busy memerizing war dates. Parents? Possibly, but not likely.If you dislike this book you have probably bought into the Great American Lie of go to school, get a job and after 40 years you get a gold watch. And you are in rat race my friend.I have a gold watch already. It says to Barry Kaufman the greatest guy in the world from Barry Kaufman the greatest guy in the world. I didn't have to wait 40 years for mine or sell my soul to corporate America for a little cup of soup (called wages)I also suggest reading Who Stole the American Dream, Wave 4 and Turner, Turner, Turner: The King of Network Marketing.
339 of 365 people found the following review helpful
Format:Paperback
That is the inability to release old beliefs.Ralph Waldo Emerson once said that "A foolish consistency is the hobgoblin of little minds."RTK teaches adaptability; to see beyond the norm and to open your mind to new beliefs.I also found many of the reviews to contain errors. For example one reviewers states that RTK encourages one to invest in small cap stocks (true) and penny stocks (not true).There is a world of difference between small caps and penny stocks that I don't have time to explain here. T o make it short and simple, Dell and Microsoft were once small caps and as a person who actually read Rich Dad Poor Dad this what I got from RTK--to buy current small cap stocks with huge upside potential not stocks trading from a penny to a quarter that roll up and down in a range and are basically garbage stocks.Also, in reference to the Smart Money (talk about misnomers for a magazine title!), RTK did repeatedly and politely indicate that he did not want to release the name of Rich Dad to protect his confidentality and I applaud him for that. It was only after repeated requests that RTK "Lost his cool" and went into the Harry Potter thing. The other reviewers have it backwards (as usual)Personally, I don't care who Rich Dad really is....but do you have any earthly idea how much this man (Rich Dad) would have to go through from reporters if his identity was released?Bravo RTK and I don't blame you for "losing your cool".If you have an open mind and not suffering from homeostasis, you will find Rich Dad Poor Dad an enlighteningread.
Most Recent Customer Reviews
Exceptional!
I've heard friends talking about "Rich Dad, Poor Dad" and was simply curious to find out what all the talk was about. It truly opened my eyes to a "new" way of thinking. Read more
Published 11 hours ago by Sherry Hawkins
High risk, low returns
As a recent grad just learning about personal finance, I found "Rich Dad, Poor Dad" inspiring. It definitely gave me a new perspective on wealth and income. Read more
Published 7 days ago by N.V. Binder
AMMMAZING !! book
Truly amazing book! This book was very interesting, and will always remain in my library of the Cman. Read more
Published 8 days ago by Cman
Everyone should read this!
Great book! I will only buy assets from now on and avoid buying liabilities. This book teaches you the principles of your money making you money vs. working for money.
Published 12 days ago by Garth
Repetitive and insulting
I've never been motivated to write an Amazon review until now, but I'm honestly perplexed by how many 5-star reviews this book is getting. Read more
Published 13 days ago by James W Tschanz
Great book!
This book is well written and easy to understand. It provides a shift in the way you view money. I would highly recommend this book.
Published 21 days ago by Euchredad
A must-read for anyone who wants to be financially independent
This is a great book that gives you very essential and simple financial advice. Here are the lessons I learned from this book.
1. Read more
1. Read more
Published 1 month ago by Strahil Bozhikravov
Some very practical advice, but don't drink the Kool-Aide
I really enjoyed this book and Robert's story telling abilities enable his salesmanship to really get a grip on his readers, leaving them wanting more, and boy does he have more. Read more
Published 1 month ago by M. J. Quinn
Gets you thinking
Awesome book to get you thinking about your finances and it's truly inspiring. Maybe I should buy hundreds of copies and send to the President and each member in Congress to... Read more
Published 1 month ago by Anne Norris
Good easy to read
I read this book in 2 days and I'm not a strong reader. It is a good intro book to the topic of investing in your future. Read more
Published 1 month ago by A. Maddox
Inside This Book
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First Sentence:
Does school prepare children for the real world? Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
educated dad, rich dad, asset column, financial intelligence, portfolio income, financial literacy, poor dad, cash flow pattern, expense column, financial genius, financial education Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, Robin Hood, Peter Lynch, Chicken Little, Marine Corps, Ray Kroc, Bill Gates, New York, Alexander Graham Bell, Donald Trump, Robert Kiyosaki, Tar Baby, Empire State Building, Fast Track, Peace Corps, Tickle Me Elmo, Tom Cruise, Warren Buffett New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
Does school prepare children for the real world? Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
educated dad, rich dad, asset column, financial intelligence, portfolio income, financial literacy, poor dad, cash flow pattern, expense column, financial genius, financial education Key Phrases - Capitalized Phrases (CAPs): (learn more)
Social Security, Robin Hood, Peter Lynch, Chicken Little, Marine Corps, Ray Kroc, Bill Gates, New York, Alexander Graham Bell, Donald Trump, Robert Kiyosaki, Tar Baby, Empire State Building, Fast Track, Peace Corps, Tickle Me Elmo, Tom Cruise, Warren Buffett New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
Citations (learn more)
This book cites 9
books:
See all 9 books this book cites
- Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! by Robert T. Kiyosaki in Front Matter, Back Matter (1), and Back Matter (2)
- Beating the Street by Peter Lynch on page 247, and Back Matter
- Around the World with Jim Rogers: Investment Biker by Jim Rogers in Back Matter
- Unlimited Power by Anthony Robbins in Back Matter
- Over the Top by Zig Ziglar in Back Matter
See all 9 books this book cites
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