Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! (Paperback)

~ (Author), Sharon L. Lechter (Author) "I had two fathers, a rich one and a poor one..." (more)
Key Phrases: educated dad, asset column, financial intelligence, Rat Race, Social Security, Chicken Little (more...)

Editorial Reviews

Review

"If you want all insider wisdom on how to personally get and STAY rich, read this book! Bribe your kids (financially, if you have to) to do the same." -- --Mark Victor Hansen, co-author of the #1 Chicken Soup for the Soul series

"To get over the top financially, you must read RICH DAD, POOR DAD. It's common sense and market savvy for your financial future." -- --Zig Ziglar, world-renowned author and lecturer

"If you want all insider wisdom on how to personally get and STAY rich, read this book! Bribe your kids (financially, if you have to) to do the same." -- --Mark Victor Hansen, co-author of the #1 Chicken Soup for the Soul series<br /><br />"To get over the top financially, you must read RICH DAD, POOR DAD. It's common sense and market savvy for your financial future." -- --Zig Ziglar, world-renowned author and lecturer

Product Description

Rich Dad, Poor Dad chronicles the story of the authors two dads, his own father, who wa the superintendent of education in Hawaii and who ended up dying penniless and his best friends father who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a new financial paradigm in order to achieve financial success in the new millennium.

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Product Details

• Paperback: 207 pages
• Publisher: Business Plus; 1 edition (April 1, 2000)
• Language: English
• ISBN-10: 0446677450
• ISBN-13: 978-0446677455
• Product Dimensions: 8.8 x 5.9 x 0.7 inches
• Shipping Weight: 9.6 ounces (View shipping rates and policies)
• Average Customer Review: 3.7 out of 5 stars  See all reviews (2,285 customer reviews)
• Amazon.com Sales Rank: #1,811 in Books (See Bestsellers in Books)

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  #8 in	Books > Business & Investing > Investing > Introduction
  #22 in	Books > Business & Investing > Personal Finance
  #51 in	Books > Parenting & Families > Parenting

• This item is part of The Rich Dad Series.

Customer Reviews

Most Helpful Customer Reviews

334 of 348 people found the following review helpful:

5.0 out of 5 stars The most successful financial book of all time!, March 25, 2003

By A Customer

Rich Dad Poor Dad has become the single most successful-best selling financial book ever---and for good reason; the advice works. It tells people not what they want to hear, but they need to hear.I also recommend Rich Dad's Guide to Investing which offers better investing strategies than just blindly buying mutual funds or listening to your broker without rhyme or reason.I wish you continued success!

334 of 348 people found the following review helpful:

5.0 out of 5 stars 1 star reviewers suffering from homeostasis?, February 1, 2003

By	Melvin Gatano (USA) - See all my reviews

That is the inability to release old beliefs.Ralph Waldo Emerson once said that "A foolish consistency is the hobgoblin of little minds."RTK teaches adaptability; to see beyond the norm and to open your mind to new beliefs.I also found many of the reviews to contain errors. For example one reviewers states that RTK encourages one to invest in small cap stocks (true) and penny stocks (not true).There is a world of difference between small caps and penny stocks that I don't have time to explain here. T o make it short and simple, Dell and Microsoft were once small caps and as a person who actually read Rich Dad Poor Dad this what I got from RTK--to buy current small cap stocks with huge upside potential not stocks trading from a penny to a quarter that roll up and down in a range and are basically garbage stocks.Also, in reference to the Smart Money (talk about misnomers for a magazine title!), RTK did repeatedly and politely indicate that he did not want to release the name of Rich Dad to protect his confidentality and I applaud him for that. It was only after repeated requests that RTK "Lost his cool" and went into the Harry Potter thing. The other reviewers have it backwards (as usual)Personally, I don't care who Rich Dad really is....but do you have any earthly idea how much this man (Rich Dad) would have to go through from reporters if his identity was released?Bravo RTK and I don't blame you for "losing your cool".If you have an open mind and not suffering from homeostasis, you will find Rich Dad Poor Dad an enlighteningread.

812 of 855 people found the following review helpful:

5.0 out of 5 stars Excellent book - ignore paid bashers, April 4, 2004

By A Customer

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!