Rich Dad, Poor Dad chronicles the story of the authors two dads, his own father, who wa the superintendent of education in Hawaii and who ended up dying penniless and his best friends father who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a new financial paradigm in order to achieve financial success in the new millennium.
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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 an alternate
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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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
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
118 of 123 people found the following review helpful
Format:Audio CD
While the book is great, you have to hear this program on a high quality CD. Great education while you are driving around in your car---beter than hearing the rapes, murders, robberies and accidents and other negative crap on the radio.
Even if you own the book, get the CD. It is outstanding!
654 of 709 people found the following review helpful
Format:Paperback
It is unfortunate that in America, the greatest nation in the free world, few people including those with high incomes understand the value of investing and the proper use of money strategies.You can live off your income, but you can't get wealthy off your income. Wealth is the result of using principles such as are in this book.I also strongly recommend "Millionaire Next Door" and for managers and leaders, read"Direct from Dell" by Michael Dell. Great books.
340 of 366 people found the following review helpful
Format:Paperback
Rich Dad Poor Dad has become the single most successful-best selling financial book ever---and for good reason; the advice works. It tells people not what they want to hear, but they need to hear.I also recommend Rich Dad's Guide to Investing which offers better investing strategies than just blindly buying mutual funds or listening to your broker without rhyme or reason.I wish you continued success!
Most Recent Customer Reviews
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 5 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 6 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 10 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 11 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 18 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 27 days 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
Learned a lot
The author has presented the income-expenses-assets-liabilities personal finance structure, which is really accurate. Read more
Published 1 month ago by Momchil Brashnyanov
Inside This Book
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First Sentence:
I had two fathers, a rich one and a poor one. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
educated dad, asset column, financial intelligence Key Phrases - Capitalized Phrases (CAPs): (learn more)
Rat Race, Social Security, Chicken Little, Robin Hood, Ray Kroc, Peter Lynch, Marine Corps, Wall Street, Donald Trump, Alexander Graham Bell, Robert Kiyosaki, Warren Buffett, New York, Bill Gates, Tickle Me Elmo, Fast Track, Tom Cruise, Empire State Building, Tar Baby, Peace Corps, Rich Dad New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
I had two fathers, a rich one and a poor one. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
educated dad, asset column, financial intelligence Key Phrases - Capitalized Phrases (CAPs): (learn more)
Rat Race, Social Security, Chicken Little, Robin Hood, Ray Kroc, Peter Lynch, Marine Corps, Wall Street, Donald Trump, Alexander Graham Bell, Robert Kiyosaki, Warren Buffett, New York, Bill Gates, Tickle Me Elmo, Fast Track, Tom Cruise, Empire State Building, Tar Baby, Peace Corps, Rich Dad 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
100
books
cite this book:
See all 100 books citing this book
- Beating the Street by Peter Lynch on page 190, and Back Matter
- As a Man Thinketh by James Allen in Back Matter
- Creating Wealth: Retire in Ten Years Using Allen's Seven Principles of Wealth! by Robert G. Allen in Back Matter
- Unlimited Power by Anthony Robbins in Back Matter
- As a Man Thinketh (Dodo Press) by James Allen in Back Matter
See all 9 books this book cites
- The Learning Annex Presents the Millionaire Code: A Smarter Approach to Making Millions by Paul B. Farrell on 4 pages
- The Millionaire Code: 16 Paths to Wealth Building by Paul B. Farrell on page 116, page 121, and page 122
- 101 Ways Black Women Can Learn to Love Themselves: A Gift for Women of All Ages by Jamie Walker on page 56, page 287, and Back Matter
- The Student Success Manifesto by Michael Simmons on page 30, page 61, and page 196
- Turn Your Passion Into Profit by Walt F.J. Goodridge on page 28, Back Matter (1), and Back Matter (2)
See all 100 books citing this book
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