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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!
 
 
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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! [Mass Market Paperback]

Robert T. Kiyosaki (Author), Sharon L. Lechter (Contributor)
3.7 out of 5 stars  See all reviews (2,508 customer reviews)


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Book Description

January 1, 2010
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.


Editorial Reviews

Review

"If you want all insider wisdom on how to personally get and STAY rich, read this book! Bribe your kids (financially, if you have to) to do the same." -- --Mark Victor Hansen, co-author of the #1 Chicken Soup for the Soul series

"To get over the top financially, you must read RICH DAD, POOR DAD. It's common sense and market savvy for your financial future." -- --Zig Ziglar, world-renowned author and lecturer --This text refers to an out of print or unavailable edition of this title.

About the Author

Robert Kiyosaki has received all sorts of awards and honors over the years, based upon his global message of financial literacy. Among others, he was inducted into the Amazon Author's Hall of Fame.

Product Details

  • Mass Market Paperback: 288 pages
  • Publisher: Business Plus (January 1, 2010)
  • Language: English
  • ISBN-10: 044656740X
  • ISBN-13: 978-0446567404
  • Product Dimensions: 4.1 x 0.8 x 6.8 inches
  • Shipping Weight: 5.6 ounces
  • Average Customer Review: 3.7 out of 5 stars  See all reviews (2,508 customer reviews)
  • Amazon Best Sellers Rank: #79,244 in Books (See Top 100 in Books)

More About the Author

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
Author Answered

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

2,508 Reviews
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3 star:
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Average Customer Review
3.7 out of 5 stars (2,508 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

987 of 1,069 people found the following review helpful:
5.0 out of 5 stars Financial Literacy 101, June 19, 2002
By 
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.
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210 of 223 people found the following review helpful:
5.0 out of 5 stars Kiyosaki's philosophy can be summed up as follows, November 2, 2003
By A Customer
Don't expect to go to school and learn how to get rich.
It doesn't take money to make money.

A house is not an asset - unless you are the bank, insurance company etc.

Why real estate is still the best and safest investment.

Why we shouldn't listen to brokers, financial planners, insurance and other commissioned salespeople.

Why network marketing may be for you and why most of what you have read or heard is mostly a misconception.

I have an MBA too. It stands for Massive Bank Account.

Kiyosaki's advice works---only if you apply it.

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389 of 418 people found the following review helpful:
5.0 out of 5 stars Still a best seller for a reason---it works!, November 4, 2003
By A Customer
I first heard of this book when J.P. Morgan on the cover of the Wall Street Journal referred to Rich Dad Poor Dad as a "must read for millionaires."

Most people know by now that this is the true story of Kiyosaki's two fathers, one, his real dad had a high income but was poor. The other, his friends dad, but Kiyosaki's mentor and Rich Dad.

Kiyosaki learned that income alone does not create wealth as he learned from his "Poor Dad." Seeking financial freedom, Kiyosaki learned from his "Rich Dad" the keys to wealth.

Kiyosaki went on to amass a fortune and lost it. But remembering the lesson taught from his "Rich Dad", started over and amassed yet another fortune and retired at age 47.

The book will tell you some things you don't want to hear like a house is not an asset, 401 (k)s and so called "safe" investments are not quite so safe. That there is no such thing as job security and the world is full of "bullies" who will tell you how much money you can make, when and how many vacations you can take, lunch breaks etc.

Kiyosaki's "Poor Dad" was fired at age 50 and learning from this, Kiyosaki tells us that the only real security and freedom is in being your own boss.

Kiyosaki goes on to say that both of his dads were "honest, good, honorable men" but his poor dad, although a hard worker was weak and consequently ended up broke.

Interesting is that Kiyosaki pledges his first book, "If you want to Be Rich and Happy, Don't Go To School?" to his poor dad.Goes to show that Kiyosaki has class and truely loved his Poor but real dad.

Rich Dad Poor Dad is an excellent book. The main message is to take responsibility for your life. You are either a master of money or a slave to it.

In addition to Rich Dad Poor Dad, I also recommend "Cash Flow Quadrant", "Rich Dad's Success Stories", "The Millionaire Next Door" and "More Wealth Without Risk."

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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
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