Rich Dad, Poor Dad for Teens: The Secrets About Money--that You Don't Learn in School! (Miniature Edition) [Abridged] [Hardcover]

Robert T. Kiyosaki (Author)

Book Description

Publication Date: April 7, 2009

Following the highly successful Rich Dad Poor Dad, this edition is just for teens! Many teens are not taught good financial habits by their parents, and certainly don’t encounter them in school! It’s never too early to learn the secrets of managing money wisely, and even young people can learn how to make their money work for them. Thinking rich pays big, as rich dad will prove to this much younger audience, preparing them for a life better and richer than the one their parents had.

Editorial Reviews

From School Library Journal

Grade 6 Up–Kiyosaki, a bestselling author for adults, has specifically targeted teens in his attempt to promote his philosophy. What makes this book unique is his approach to how he thinks about accumulating wealth and about having money work for the earner. "Poor Dad" accepts the notion that he will never be rich and thinks that "money doesn't matter." "Rich Dad" thinks that "money is power." Teens are encouraged to be creative in developing ways to earn cash and to limit spending. A chapter on identifying individual strengths and learning styles while developing a financial IQ on the path to financial freedom is a lesson for any age. Sidebars and quizzes promote individual ideas and concepts. Teens will be attracted by the notion of playing games to learn more about acquiring assets and managing money. The glossary clearly explains financial terms. An entertaining and informative book.–Kathleen A. Nester, Downingtown High Ninth Grade Center, PA --This text refers to an out of print or unavailable edition of this title.

About the Author

Robert T. Kiyosaki is an investor, teacher, entrepreneur, and bestselling author. His books include Cashflow Quadrant, Rich Dad's Guide to Investing, Rich Dad Poor Dad for Teens, Rich Dad's Retire Young Retire Rich, and Increase Your Financial IQ. Robert lives in Phoenix, Arizona.

Product Details

• Hardcover: 128 pages
• Publisher: Running Press Miniature Editions; Min edition (April 7, 2009)
• Language: English
• ISBN-10: 0762436549
• ISBN-13: 978-0762436545
• Product Dimensions: 2.5 x 0.7 x 3 inches
• Shipping Weight: 0.8 ounces (View shipping rates and policies)
• Average Customer Review: 3.4 out of 5 stars  See all reviews (63 customer reviews)
• Amazon Best Sellers Rank: #88,040 in Books (See Top 100 in Books)

Most Helpful Customer Reviews

42 of 43 people found the following review helpful

4.0 out of 5 stars An Early Start to Understanding Finance April 27, 2005

By Vannie Ryanes

Format:Paperback

This book is an excellent introduction to the how and why of finance. Author Robert T. Kiyosaki has written this short book in clear concise language that cannot be misunderstood by the teen in your family. At the outset, Kiyosaki puts the young reader at ease by talking about the myth of IQ and intelligence. He immediately erases any thoughts of "I am not smart enough to understand this book". Once again, as in his previous books, Kiyosaki emphasizes how the rich think differently from those who are in the middle and poor class. Rich Dad Poor Dad For Teens is an easy to read 'think positive about finances' book for young people. Included is a two-page glossary that proved to be very helpful to the young teen (age 15) who read this book after I did.

In this day and age of consumer greed and high end designer clothing for teens, there is a chapter that addresses Stretching the Dollar. Kiyosaki does not say be frugal, instead he advices the teen to think of ways to recycle old clothing, how to buy in bulk, etc. I was particularly impressed with a revealing exercise under the heading of The People Whom You Spend Your Time with Are Your Future . Now that can be scary--but what a powerful statement. I had earlier talks with my young friend concerning this very subject. Reading and discussing Rich Dad Poor Dad for Teens together gave us the opportunity to delve into this troubling issue again, this time with very positive results. He walked away feeling good about himself.

I recommend Rich Dad Poor Dad for Teens: The Secrets About Money--That You Don't Learn in School! This book can definitely help teens to accept and understand financial responsibility.

Vannie(~.~)

Work & Family @ BellaOnline.com

[...]

76 of 82 people found the following review helpful

3.0 out of 5 stars Could Be Better August 12, 2004

By The Monthly Trader

Format:Paperback

I'm fourteen and I've read four of Kiyosaki's books. I liked all of them, except for this one. He doesn't get into the facts about investing. Pretty much, all he says is get a job, control your spending, and invest. Save yourself $15 and buy Rich Dad Poor Dad instead.

42 of 45 people found the following review helpful

4.0 out of 5 stars Still worth reading...offers good teen-friendly advice on achieving a financial headstart & freedom! May 31, 2006

By Lee Say Keng

Format:Paperback

Despite the controversy surrounding the author, Robert Kiyosaki, I strongly feel that this particular book is still worth reading by teens, as it offers good teen-friendly advice on achieving financial headstart & freedom.

Overall, his advice is also given in a straight-talk, easy-to-understand manner.

In a nut shell, this particular book covers basic principles of cash flow, assets & liabilities, savings & investments, as well as spotting money-making opportunities. There is even useful information about personal learning style while developing financial intelligence.

Yes, the author's published stuff to some extent may seem hyberbolic on the surface, but deep down, you can always discern some useful learning from some of his teachings. [Personally, I have encountered the author in Hawaii. Frankly, I don't like his arrogant attitude & his seemingly characteristic propensity for running circles around people who ask pertinent questions, but I do respect some of his thoughtware.]

His core financial advice to teens is certainly realistic:

- work to learn, not to earn;
- don't work for money, make money work for you!;
- play games to learn!

Allow me to share this simple reading philosophy of mine: Absorb what is useful; reject what is useless; research your own experience & add what is specifically your own!

18 of 18 people found the following review helpful

4.0 out of 5 stars Better than the Usual Run of Teen Self Help Books July 15, 2008

By Fritz R. Ward TOP 1000 REVIEWERVINE™ VOICE

Format:Library Binding

The "Rich Dad, Poor Dad" series has been enormously popular on the lecture circuit and in book stores. Authors Robert Kiyosaki and Sharon Lechter have distilled a fair amount of useful financial advice using the medium of Kiyosaki's autobiographical remembrances of the lessons his two 'Dads' taught him. In brief, one father (his biological father) is a teacher who stresses education and finding a 'good' job, while his other father (actually the father of his best friend Michael) taught him how to manage money, seize opportunities, and build financial independence. Like many other self help financial books, this series has a good mix of practical advice and a fair amount of platitudes designed to give readers confidence in themselves so they will take some risks in the pursuit of their dreams.

I was expecting a slightly easier to read version of the same message from this book. My wife asked that I skim it to see if it was appropriate for her grandchild. I was pleasantly surprised, however, to find that this book was not just a easier to read version of the original 'Rich Dad, Poor Dad.' Instead, Kiyosaki and Lechter have moved beyond the usual boundaries of the financial self help guide to discuss multiple intelligences and (surprise) the value of education in all its forms. Of course, the best of the advice found in 'Rich Dad, Poor Dad' is repeated here as well. You should buy assets, not liabilities. Debt is a tool for developing assets, not means to purchase the latest gizmo that you absolutely have to have right now. But the authors also talk extensively about Gardner's theory of Multiple Intelligences. They correctly recognize that kids (indeed, all of us) have certain innate intelligences not all of which are developed in a traditional classroom setting.... They encourage young people to develop and use their own talents and gifts in pursuit of a financial education. They rightly remind their readers that all of them are born geniuses.

In conclusion I liked this book considerably more than the original volume of the 'Rich Dad, Poor Dad' series. In that volume, Kiyosaki concluded that he learned from both of his Dads, but the Rich Dad gets a far more positive portrayal. The teacher father comes up short in many ways. But in this book, education is correctly seen as one form of wealth. It is not the only form, despite what many of my colleagues in the teaching profession might say. But it is one form. A life with great books and music is also wealth. And so is financial independence. Indeed, without the latter, it is difficult to appreciate the former. And I think the authors give both forms of wealth their due in this book. That is a good message for teens to read. Read more ›