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
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
"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
About the Author
"Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates. Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich.
- Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-oauthor of RICH DAD, POOR DAD and THE CASHFLOW QUADRANT, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education."
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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
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Most Helpful Customer Reviews
644 of 695 people found the following review helpful:
4.0 out of 5 stars
Everyone should read this.,
This review is from: Rich Dad, Poor Dad - The Rich Teach Their Kids About Money - The Poor And Middle Class Do Not! (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.
707 of 764 people found the following review helpful:
5.0 out of 5 stars
Great books RTK,
By We're Going Places!! (www.travelganza.gttrends.net) - See all my reviews
This review is from: Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! (Paperback)
I just purchased Rich Dad, Poor Dad, Retire Young, Retire Rich and Rich Dad's guide to investing. I also have the tapes from RD, PD, CFQ, and RDGTI. These excellent programs by RTK have already made a profound change in my personal and financial life. They are a must for anyone who wants success.Two others are Millionaire Next Door and The Millionaire Mind.
628 of 678 people found the following review helpful:
5.0 out of 5 stars
RD/PD the power of MLM????,
By Wimge (USA) - See all my reviews
This review is from: Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! (Paperback)
I have read more than a half dozen reviews (probably same person) attributing the success to Rich Dad, Poor Dad to network marketing (MLM).I don't know if there is any truth to that or not, but I sure hope so.You see, I just signed up into a MLM company (not Amway) and if MLM can turn a book into a mega best aeller like some people have indicated, then that certaintly prooves the power of network marketing.And obviously Network Marketing (MLM) is far more powerful than that cheesy, supposedly well researched (it's not) website that gets getting mentioned here or the constant barrage of 1 star bashers (really just one person with a attitude problem) and obviously more successful than the self publishing industry.Thanks to RD/PD, I have reorganized my investments, started a successful business and am sharing this info with family and friends.1 star reviewer (s), get a life already!
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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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