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Rich Dad Poor Dad [Kindle Edition]

Robert T. Kiyosaki
4.0 out of 5 stars  See all reviews (3,414 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: #1,847 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
547 of 563 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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3,686 of 4,045 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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130 of 138 people found the following review helpful
5.0 out of 5 stars Great book...and timely too March 13, 2004
By A Customer
Format:Paperback
I spent 15 years working for a department store chain. The company transferred me 27 times after I enrolled in their management trainee program. It took awhile, but I realized that I would never reach my goals or have control in my life as long as I stayed with this company.
During the time I was being transferred, I was able to create many business contacts and fortunately found an opportunity with a network marketing company. I also began to invest in real estate rental properties and accumulated some profitable investments.
After reading Rich Dad Poor Dad a few years ago, I realized that it was time to leave the corporate world and start my own business.
I agree with the concepts in this book. You must have your own business. You must be self reliant. No employer will ever take care of you as well as you will.
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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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Most Recent Customer Reviews
4.0 out of 5 stars Four Stars
Very insightful.
Published 1 day ago by andrene
5.0 out of 5 stars Get a new view on life!
One of the best books I ever read. It gives you a real and fresh perspective on what your financial situation should and could be. Read more
Published 2 days ago by Robert Rios
5.0 out of 5 stars excellent
Book was very captivating and held my interest throughout. Also easy to understand and facilitating the basic accounting skills. I'm inspired! And want to learn more
Published 3 days ago by Sergio
5.0 out of 5 stars nice to know I'm not the only one!
I've always rejected the idea of working for a paycheck for the rest of my life while others around me seem to be perfectly content doing so. Read more
Published 3 days ago by Grape Girl
5.0 out of 5 stars couldn't put the book down
Stop living in financial fear. Read this book today and begin taking action to become financially free. This book goes in the asset column!!
Published 4 days ago by Michael Warren
1.0 out of 5 stars The book appears to be useful for people who have little if any savvy...
Amazon, please change your system to permit "no star": rating. Please.

I finally got a copy of this book used for a couple bucks. Read more
Published 4 days ago by Just a guy in Oregon
4.0 out of 5 stars Have only had the book a few weeks and haven't ...
Have only had the book a few weeks and haven't been able to get too far but getting interesting. Will follow up soon
Published 4 days ago by Thomas Watson
5.0 out of 5 stars and what I want my future to look like. I’m glad I purchased this book...
A very thought-provoking book to say the least; it got me to thinking about where I am, and what I want my future to look like. Read more
Published 5 days ago by Norval S. Nicholls
5.0 out of 5 stars Simply put it is well worth the money, time ...
Simply put it is well worth the money, time and energy to read. I am from the middle class so it was vey valuable for me.
Published 5 days ago by Michael Pessagno
5.0 out of 5 stars Totally changed my outlook
I got to hear Robert speak at an event and I bought the book right away. It has totally changed my both outlook on my finances and my current financial goals. Highly recommended.
Published 6 days ago by Mike A
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