Customer Reviews

Rich Dad's Classics

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Anyone who is interested in saving money, investing, or financial security who has not heard of Robert Kiyosaki or Rich Dad, Poor Dad has been on another planet. Since 1997 Kiyosaki has built a financial education empire around the concept expressed in his first book, Rich Dad, Poor Dad. Rich Dad's Classics is a boxed set of three of Kiyosaki's books in their most up-to-date printing.

Rich Dad, Poor Dad: In this the original, the author details the things he learned from his "two fathers." The first, his biological father, was a well-respected educator who spent most of his life needing to earn money to pay for things that demonstrated his status. Since he worked for money rather than putting money to work for him he is referred to as the "Poor Dad."

The "Rich Dad" was his best friend's father. He spent less than he earned and put the difference to work in building a business, developing land and real estate, etc. Since he put money to work for him he was referred to as the "Rich Dad."

The book reveals the simple truths: Those that build wealth and have money working for them, put to work every day. The average person is unaware of this simple truth. It is understanding what an asset is (something that generates money passively) rather than what it means from an accounting standpoint. If you have to pay into something every month, it is a liability because you owe. When it pays you it is an asset. For most people, then, their house, viewed on a balance sheet as an asset is really a liability. Though there may be equity there is a constant service on the debt.

The Cash Flow Quadrant: In the second book of the series, the author explores the four positions one can be in with respect to money: employee, boss, investor, self-employed. He argues that education is geared toward teaching people that the "e" or "s" quadrants are good places to be: get a secure job and save for retirement or get into a good profession and save for retirement.

Kiyosaki, on the other hand explains that real wealth and ultimate financial security is in either being a boss of your own business that leverages the efforts of others or being an investor who either invests in things that produce a positive cash flow or businesses that do the same. In each of the first two books, there are simple steps to move from employee to investor.

Rich Dad's Guide to Investing: In the final book, the author drills down into the fourth quadrant, the investor. He explores how people can move into the "I" quadrant while staying in one of the other quadrants. This book is really a financial literacy book. Here Kiyosaki demystifies what financial literacy is all about, what you need to know to start investing, and what it takes to succeed long term in the "I" quadrant.

He also deals with the feelings that this whole process is likely to raise in the average person--like what happens when you make an investment mistake (and you will)? Do you become a liar, a blamer, a justifier, a quitter, or a denier (there's one more--the only place to really go--but you'll have to read the book to find that out!

Armchair Interviews says: If you want to be either a business owner or an investor this series of books should not only be on your bookshelf, but read, underlined, and applied.

This set of books contain all the basic that you need to know about mony. The frist book in the set gives you the basic idea about the money. How to look at it, and how to make more of it. The second book in the set talks about the four type of people when it come to the subject of the money and the world of bussines. The last book is about investing, and it changes the view on where to find them and how to study them.
I think anyone who is interested about making more money and able to reach the ture freedom in live should read these three books.

In today's world if you are not financially educated you will be destroyed. Kiyosaki's books are made to educate you, not to inform you. Highly recomended to every one.

This book set is great for all ages, but I highly recommend purchasing for teens as a graduation gift from high school. We as a society have really neglected teaching children about the proper use of money and need to do a better job going forward.

Whether you are poor or rich, this book is for you. Everyone can learn something.

Rich Dad, personal finance- my last purchase was a total of 11 Rich Dad books, I am living in the Philippines and have just received the books shipped through an agent in the US. I find all of the series to be interesting and informative, well written for simple minded people like me. I am pleased with my purchase.

These books are a must for everyone!! He writes so well, and you can see that what he says is so true however, it doesn't seem to occur to you before you read the book. My whole life and way of thinking has changed since reading this set of books and I am buying the rest of his books as I can.

A must read for those who want learn to manage their personal finances; Robert does not provide all the answers, but his books get you thinking...once you begin to think you can find the practical solutions that will work for you to improve you financial situation today. The new idea may be as small as forgoing using your visa to pay for that outfit because you now know the difference between good credit and bad credit or as big as purchasing your first postive cash-flow rental property.

I highly recommend these books, especially to teens. Mr. Kiyosaki points out why most people are in debt and a very few are on their way to becoming wealthy. It is a matter of attitude and personal discipline that makes the difference. His second book, Cash Flow Quadrant, does a fine job of putting in simple terms the four ways that people make money. Different personalities, ambitions and fears determine which quadrant you will gravitate to. The author points out the pros and cons of each quadrant and urges his readers to become knowledgible in all four. His continuous hammering of the difference between an asset vs a liability, good debt vs bad debt, and positive vs neagtive cash flow help the reader form a firm foundation upon which to build one's finances. I am now reading these books together with my 15 year old, and have bought copies for my older 20-something children.