Customer Reviews

Rich Dad, Poor Dad

5 star:		(1,176)
4 star:		(481)
3 star:		(256)
2 star:		(174)
1 star:		(421)

 

 

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.

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."

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?

Rich Dad Poor Dad is a life changing book that is why this incredible book has been a best seller now for over 8 years and is still in the top 20 of all books being sold right now.

Kiyosaki will tell you some things you don't want to hear. He is controversial. So is Donald Trump. Rich people are always controversial, but who are the people that make Kiyosaki and others controversial? Certaintly it's not the wealthy. The wealthy agree with Kiysosaki becuase that is how they became rich.

Kiyosaki tells us that a house is not an asset. I have to admit that I had a problem with that one myself. I a lways felt that real estate was the one safe have out there and like most, was taught by parents and other early mentors that a house is an asset. Then I got a house and found out that Kiyosaki is absolutely right and so were my mentors. A house is not an asset for the buyers, people like you and me but it certaintly is an asset for the banks, real estate agents, insurance people, the local government who wack you with high city taxes and so on.

The biggest problem is that many people think that a big house is a symbol of wealth. It is a symbol of wealth to the bank. Most people tyupically take out 30 year mortgages. How much do you think banks make on that while you are paying for the equalivent of three house payments over time?

Conventional wisdom tells us to get a great education and you'll get a great job. Well it started in the Clinton era and has been escalating ever since---downsizing. People who spent tons of $$$ on a college education, invested years in their jobs being servants to their employers and for what, to be downsized?

And then there is the typical way that people invest. Conventional wisdom tries to tell us that we can't do it on oour own. We need brokers (so named because they make us broker with their advice) or other financial advice. Those who do try it on their own usually get bad advice and go to deep, deep discount brokers looking for the lowest commissions or on the other end pay fees for loaded mutual funds which are supposed to be better managed (HINT: They are not!)

Kiyosaki offers a newer, better, more effective way. Unfortunately like some others who have come before him, Kiyosaki has stepped on some toes, the very people who are using your ignorance for their bliss.

Rich Dad Poor Dad is a life changing book. It is highly recommend for anyone who really wants to survive the new millenium.

I highly recommend Rich Dad Poor Dad, Rich Dad's Guide to Investing and Rich Dad's Success Stories (prooves that Kiyosaki's naysayers are wrong as usual)

Good luck!

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.

"A foolish consistency is the hobgoblin of little minds." In modern days we teach: If what you are doing isn't working, try something else. And the definition of insanity is to continue to do the same thing (which doesn't work) and somehow expecting a different result.

By now, people should be getting the message that go to school, get a good education, get a good job and you'll be all right is just so much bull!

Kiyosaki is teaching people how to empower themselves and I applaud him for that. There is no security in a J-O-B which stands for just over broke. There is a big reward in M-L-M which stands for Make Lot's of Money and there are incredible rewards in starting your own business no matter what it may be.

Kiyosaki offers a powerful message in this book, one that Ralp Waldo Emerson would definitely agree with.

Thank you Robert. And by the way, I highly recommend all his books. They all have a different message and pick up where the previous one left off. If you are new to Kiyosaki, start with this one.

What is the alternative? You can go to school, get an education, get more education, get a J-O-B and end up broke and embarrassed.

Your choice....Your life.

This book is definitely not for Harvard graduates. Typical Harvard graduates are too busy updating their resumes and pounding the pavement trying to find a j-o-b just like the one they just got downsized from to benefit from a book like this.On the other hand, for people who are willing to be changed; are sick and tired of the rat race; tired of paying for somebodyelse's dreams; tired of having their boss determine how many sick days they deserve or how many vacation days they can take will enjoy and benefit from this book. I also recommend Loopholes of the Rich and The Business School for People who like helping people.Slams at network marketing people by 1 star reviewers are predictable and stale. Question 1 stars: How is your lifestyle? What kind of car do you drive? Where do you go to vacation? How much did you pay in taxes last year?The investment advice is also right on. Just talk to all of the people who are losing money following conventionable advice.A house is an asset? Yes, if you are the bank. If you want to turn a house into an asset, it's very simple, do what banks do and become a real estate investor.As for that website that keeps getting mentioned here, if it really was that good there would be no need to repeatedly mention it here would there?RDPD is a OUTSTANDING book. I highly recommend it.My motto is: I'll do today what others won't so I can do tommorrow what others can't.The recipe is simple; just follow Kiyosaki's advice.

Rich Dad Poor Dad is the very best book available for those who want to become wealthy or at the very least, attain a moderate level of financial freedom.

I think some people miss the point and think this is a "get rich quick" book. Clearly, it is not. You can get rich quicker though and this book explains how.

No book stays on the best seller lists this long. Has this many 5 star reviews with continuing high book sales without having something worthwhile to share.

And what about the 1 star reviews? I suspect that this is just 1 person constantly reposting. Same unsubstantiated complaints against Kiyosaki. Same website keeps getting mentioned (how often do you see a 5 star reviewer hawking a website?) Their arguments are unsubstantiated and without base. Do what I do...don't read them.

Rich Dad Poor Dad is an excellent book and I highly recommend it.

B. Hinds author of Power Wealth

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.

Before reading Rich Dad Poor Dad I was out of control, letting brokers make my financial decisions for me and letting my employer determine my lifestyle.

What I got out of Rich Dad Poor Dad first of all is to think for myself. No broker, financial planner or advisor will take care of my money as well as I will. Point of fact, I once turned over a sizeable amount to a broker and asked him to watch it for me. He must still be watching it because I never saw it again.

Employers determine how much we make, when and where were can go on vacation. We work 9-5 and at the end of the week, our employer who has us on a chain, loosens that chain let's us have a little freedom. Once a year (or more depending on how long you have worked for them) your employer reels out that line a little more for something called a vacation. Our employer even determines what kind of retirement or even if we can retire based on pensions and 401 (k) plans all of which are determined by the employer.

Thanks to Rich Dad, I found a better way. I determine my own investments and have done quite well thank you. I have started my own super successful business and set up my own retirement plan. I am in control. I also think for myself, something that Kiyosaki learned from his Rich Dad.

I used to read certain financial magazines but stopped when I realized that most were just cataloques for certain financial companies and offered very little useable advice. I lost a bundle buying a stock recommended by my broker because it was in (.....) magazine.

To sum up Rich Dad Poor Dad, it is the true story of Robert Kiyosaki and his real father who was poor following pretty much the same system that most people do; go to school, get a job etc. and his "Rich Dad", actually a friends dad who was rich
but followed a different system, of being an entrepneneur, independent.

Rich Dad Poor Dad is a excellent book to launch you into financial self reliance. It sure worked for me.