This text aims to show you what to teach your children about money for their finacial success; defines an assest and a libaility; shows parents why they can't rely on schools to teach their children about money; and explodes the myth that you need a high income to be rich.
Rich Dad Poor Dad
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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 --This text refers to an out of print or unavailable edition of this title.
"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.
--This text refers to an out of print or unavailable edition of this title.
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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
649 of 701 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.
390 of 419 people found the following review helpful:
5.0 out of 5 stars
Still a best seller for a reason---it works!,
By A Customer
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 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."
154 of 162 people found the following review helpful:
5.0 out of 5 stars
Rapiid Results in minimal time,
By A Customer
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 a lot of the other financial books that teach frugality, cut up your credit cards and so on and lived by those principles and was able to amass some savings and investments.I also used to follow the normal way of investing which is to listen to your broker.Recently and against the advice of others, I started to apply the RDPD advice. I use my credit cards, I kept my day job while starting a business in my spare time. I am learning how to invest and am prepared when I go to financial people like brokers. I have also found a ton of tax deductions that I didn't know about before which my tax preparer didn't know because they go to school to fill out tax forms.I highly recommend RD/PD to help you get on the path to financial freedom.As for the 1 star bashers, there must be a reason why they repeatedly pst the same nonsense and unfortunately it has nothing to do with helping you. I wonder what their net worth is?
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