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Rich Dad Poor Dad [Kindle Edition]

Robert T. Kiyosaki
4.0 out of 5 stars  See all reviews (3,464 customer reviews)

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Book Description

Anyone stuck in the rat-race of living paycheck to paycheck, enslaved by the house mortgage and bills, will appreciate this breath of fresh air. Learn about the methods that have created more than a few millionaires. This is the first abridged miniature edition of Rich Dad Poor Dad. The full-length edition has sold millions as a New York Times bestseller. As proven by the runaway success of The Secret and like titles, changing one’s thinking to influence one’s fortune sells big, and forms the basis of rich dad’s advice. Learn to think like a rich dad and let your money work for you!


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

From Library Journal

Reissuing a self-published best seller.
Copyright 1999 Reed Business Information, Inc.

Product Details

  • File Size: 1418 KB
  • Print Length: 207 pages
  • Publisher: Plata Publishing; 1 edition (April 25, 2011)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B004XZR63M
  • Text-to-Speech: Enabled
  • X-Ray:
  • Lending: Enabled
  • Amazon Best Sellers Rank: #2,035 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
558 of 574 people found the following review helpful
3.0 out of 5 stars Decent points from a self-promoter October 15, 2004
Format:Paperback
When he isn't engaged in his nearly incessant showboating, Kiyosaki actually gets down to some practical, all be it general, guidance on how to think about money:

* Probably the greatest insight is how to think about assets and liabilities. A million accountants scream in anguish, but a primary residence, with a large mortgage, high taxes and high fixed costs to top it off, is not an "asset" for Kiyosaki because it doesn't produce a positive cash flow. Instead, he lists several items, such as rental property, stocks, bonds, mutual funds, business partnerships with limited involvement, promissory notes and royalties (p. 89), that generate money and should be invested in.

* Don't get into large debt positions for non-necessities. Buy your luxury items for cash (p. 176). This is part of any sound financial planning and is taken to its logical endpoint by the authors of "The Millionaire Next Door."

* Watch out for the tax effect of your sales of real estate. In this sense, the book is out of date, since the tax laws were changed in the late 90s to permit up to $250,000 in capital gains ($500,000 for married couples) from the sale of a primary residence be exempt from federal tax, under certain circumstances. No longer must you rely on the 1031 "trading up" provision he describes, at least not exclusively.

* Fear can be utilized as a great motivator to act, as opposed to fear causing you to be a deer in the headlights of life.

However, before we all run off to leverage real estate to become gentlepeople of leisure, let's try to remember a few things.

* This book is written for one reason: to be earn the author money.
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3,697 of 4,059 people found the following review helpful
1.0 out of 5 stars Not worth the money or time October 15, 2000
Format:Paperback
I know this book was a best-seller and has a 4.5 star average on Amazon. This does not make it good, and I will explain why.
First, most people focus on his inspiration and pointing out that you need to save money instead of spending it. To put it bluntly, "Duh." To be more constructive, there are much better books on this subject - for instance, "Your Money or Your Life." It's easy to spout platitudes about why you should save, but Kiyosaki doesn't tell you how.
Second, his real estate advice. Kiyosaki emphasizes making money in real estate, since it seems clear that is how he made his fortune. But he does a terrible job explaining that as well. People have lost fortunes in real estate; Donald Trump went from being a billionaire to losing most of his empire. It isn't easy. Kiyosaki himself says that winners learn from their failures; where are his failures?
Perhaps he should refer people to other books about real estate, but one of the books he recommends was written by a man who had a half-million dollars in tax liens filed against him and declared bankruptcy - all before "Rich Dad" was written. That isn't exactly the kind of advice I was looking for!
Third, experts in the fields he talks about generally agree that his advice is bad. A review by an experienced real estate professional is here: [...] His advice on making money via IPOs is completely wrong; you can't invest that little money so close to the IPO filing for such a large discount. It just isn't done that way.
Fourth, his emphasis on making money. I like money, don't get me wrong. Like most people reading this review, I'd like to be a millionaire. But, I think, there is an underlying current of meanness in Kiyosaki's book.
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108 of 114 people found the following review helpful
5.0 out of 5 stars Rich Dad and Kiyosaki are right again! March 10, 2004
By A Customer
Format:Paperback
According to Kiyosaki, his Rich Dad told him and Kiyosaki told us that we are heading towards a jobless society.Take a look at the unemployment stats that came out last week. Unemployment is down as more and more people are moving away from the job market and entering into self employment by way of home based businesses, network marketing, real estate and other forms of business.Rich Dad knows his stuff and so does Kiyosaki. RTK sure had the right mentor. I suspect that all of those people are causin the unemployment numbers to drop have read Rich Dad Poor Dad.I also recommend Peter Lynch's excellent books (so does Kiyosaki, he recommends them in his book).If you want success, then read books written b successful people i.e. Kiyosaki, Lynch Robert Allen, Charles Givens, Ric Edelman, Dave Bach and some others who are helpng people and sharing their wealth of knowledge.Be wary of self published books written by people with no prior business experience who only write and in some cases, plagerize other authors.
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1,002 of 1,102 people found the following review helpful
5.0 out of 5 stars Financial Literacy 101 June 19, 2002
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.
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Most Recent Customer Reviews
2.0 out of 5 stars Two Stars
Hard to follow. Really doesn't tell you anything.
Published 3 hours ago by Anthony Martin
5.0 out of 5 stars Five Stars
Great book
Published 19 hours ago by Cassandra
5.0 out of 5 stars This book beats the horse until it is dead. ...
This book beats the horse until it is dead. I learned a lot from the first few chapters, changed the way I think about assets and liabilities. After a while you get the hint... Read more
Published 1 day ago by agaitan23
5.0 out of 5 stars Five Stars
Everyone should read this book,not just us Capitalist.
Published 1 day ago by Michelle Chador
5.0 out of 5 stars Five Stars
It changed my outlook on life or at least my future!
Published 1 day ago by michael
5.0 out of 5 stars New information
Growing up poor, there was no one to teach me about money; how to save, earn or invest it. I wish I had this book growing up, but I have it now and can pass on the books and the in... Read more
Published 1 day ago by Sandra B. Bingham
5.0 out of 5 stars Wish I had read this years ago.
Reading this book was enlightening. It made so much sense and really opened my eyes to my fears regarding money and investing.
Published 1 day ago by Amazon Customer
5.0 out of 5 stars There's More Than One Way to Skin a Cat
I have two dads; is one better than the other? This is the question the young man asks in Rich Dad Poor Dad by: Robert T. Kiyosaki published in 2001. Read more
Published 1 day ago by Precious
4.0 out of 5 stars Highly Recommend This Reading
Even thought this book was written some years ago, this book is a definite buy for someone that want to attain a different mind frame as to how to become wealthy in today's world. Read more
Published 2 days ago by Trava Ragas
5.0 out of 5 stars We have HOPE
We heard this book is helpful in financial planning and we are excited to read and swallow the information, hopefully life shall be easier to manage financially
Published 2 days ago by KonaGal
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