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Rich dad explained this point of view over and over, which I call lesson number one: The poor and the middle class work for money. The rich have money work for them.
8,067 Kindle readers highlighted this
An asset puts money in my pocket. A liability takes money out of my pocket.
7,786 Kindle readers highlighted this
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.
7,639 Kindle readers highlighted this
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Rich dad explained this point of view over and over, which I call lesson number one: The poor and the middle class work for money. The rich have money work for them.8,067 Kindle readers highlighted this
Rich dad explained this point of view over and over, which I call lesson number one: The poor and the middle class work for money. The rich have money work for them.8,067 Kindle readers highlighted this -
An asset puts money in my pocket. A liability takes money out of my pocket.7,786 Kindle readers highlighted this
An asset puts money in my pocket. A liability takes money out of my pocket.7,786 Kindle readers highlighted this -
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.7,639 Kindle readers highlighted this
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.7,639 Kindle readers highlighted this -
-
-
Rich dad explained this point of view over and over, which I call lesson number one: The poor and the middle class work for money. The rich have money work for them.
8,067 Kindle readers highlighted this
An asset puts money in my pocket. A liability takes money out of my pocket.
7,786 Kindle readers highlighted this
When I want a bigger house, I first buy assets that will generate the cash flow to pay for the house.
7,639 Kindle readers highlighted this
Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Paperback – April 11, 2017
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It's been nearly 25 years since Robert Kiyosaki’s Rich Dad Poor Dad first made waves in the Personal Finance arena.
It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world.
Rich Dad Poor Dad is Robert's story of growing up with two dads his real father and the father of his best friend, his rich dad and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
20 Years... 20/20 Hindsight
In the 20th Anniversary Edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers fast forward” from 1997 to today as Robert assesses how the principles taught by his rich dad have stood the test of time.
In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.
As always, readers can expect that Robert will be candid, insightful... and continue to rock more than a few boats in his retrospective.
Will there be a few surprises? Count on it.
Rich Dad Poor Dad...
Explodes the myth that you need to earn a high income to become rich
Challenges the belief that your house is an asset
Shows parents why they can't rely on the school system to teach their kids
about money
Defines once and for all an asset and a liability
Teaches you what to teach your kids about money for their future financial
success
It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world.
Rich Dad Poor Dad is Robert's story of growing up with two dads his real father and the father of his best friend, his rich dad and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
20 Years... 20/20 Hindsight
In the 20th Anniversary Edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers fast forward” from 1997 to today as Robert assesses how the principles taught by his rich dad have stood the test of time.
In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.
As always, readers can expect that Robert will be candid, insightful... and continue to rock more than a few boats in his retrospective.
Will there be a few surprises? Count on it.
Rich Dad Poor Dad...
Explodes the myth that you need to earn a high income to become rich
Challenges the belief that your house is an asset
Shows parents why they can't rely on the school system to teach their kids
about money
Defines once and for all an asset and a liability
Teaches you what to teach your kids about money for their future financial
success
-
Print length336 pages
-
LanguageEnglish
-
PublisherPlata Publishing
-
Publication dateApril 11, 2017
-
Dimensions6 x 1 x 8.75 inches
-
ISBN-101612680178
-
ISBN-13978-1612680170
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Product details
- Publisher : Plata Publishing; Second edition (April 11, 2017)
- Language : English
- Paperback : 336 pages
- ISBN-10 : 1612680178
- ISBN-13 : 978-1612680170
- Item Weight : 12.8 ounces
- Dimensions : 6 x 1 x 8.75 inches
-
Best Sellers Rank:
#110 in Books (See Top 100 in Books)
- #2 in Parenting (Books)
- #3 in Personal Finance (Books)
- Customer Reviews:
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About the author
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Robert Kiyosaki, author of Rich Dad Poor Dad - the international runaway bestseller that has held a top spot on the New York Times bestsellers list for over six years - is an investor, entrepreneur and educator whose perspectives on money and investing fly in the face of conventional wisdom. He has, virtually single-handedly, challenged and changed the way tens of millions, around the world, think about money.In communicating his point of view on why 'old' advice - get a good job, save money, get out of debt, invest for the long term, and diversify - is 'bad' (both obsolete and flawed) advice, Robert has earned a reputation for straight talk, irreverence and courage.Rich Dad Poor Dad ranks as the longest-running bestseller on all four of the lists that report to Publisher's Weekly - The New York Times, Business Week, The Wall Street Journal and USA Today - and was named "USA Today's #1 Money Book" two years in a row. It is the third longest-running 'how-to' best seller of all time.Translated into 51 languages and available in 109 countries, the Rich Dad series has sold over 27 million copies worldwide and has dominated best sellers lists across Asia, Australia, South America, Mexico and Europe. In 2005, Robert was inducted into Amazon.com Hall of Fame as one of that bookseller's Top 25 Authors. There are currently 26 books in the Rich Dad series.In 2006 Robert teamed up with Donald Trump to co-author Why We Want You To Be Rich - Two Men - One Message. It debuted at #1 on The New York Times bestsellers list.Robert writes a bi-weekly column - 'Why the Rich Are Getting Richer' - for Yahoo! Finance and a monthly column titled 'Rich Returns' for Entrepreneur magazine.Prior to writing Rich Dad Poor Dad, Robert created the educational board game CASHFLOW 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him. It was those same strategies that allowed Robert to retire at age 47.Today there are more that 2,100 CASHFLOW Clubs - game groups independent of the Rich Dad Company - in cities throughout the world.Born and raised in Hawaii, Robert Kiyosaki is a fourth-generation Japanese-American. After graduating from college in New York, Robert joined the Marine Corps and served in Vietnam as an officer and helicopter gunship pilot. Following the war, Robert went to work in sales for Xerox Corporation and, in 1977, started a company that brought the first nylon and Velcro 'surfer wallets' to market. He founded an international education company in 1985 that taught business and investing to tens of thousands of students throughout the world. In 1994 Robert sold his business and, through his investments, was able to retire at the age of 47. During his short-lived retirement he wrote Rich Dad Poor Dad.
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4.7 out of 5 stars
4.7 out of 5
62,281 global ratings
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Reviewed in the United States on March 17, 2018
Verified Purchase
I read this book about 11 years ago at 27 years old , had no money, I followed the advice in this book and now have 15 rental properties paid off free and clear, my assets more than cover all my expenses. I just bought this book again, I'm in the middle of reading it again now 11 years later and can't put it down. I hate reading btw. I plan on reading this book at least three more times over the next 20 years so I can keep all info fresh in my mind. People always ask me about success. I tell them to read this book...whats crazy is that they don't read it. You can lead a horse to water but can't make it drink. The book changed my life and it will change yours. Do you want change or do you just want to talk and think about change? There is a big difference , do it.
1,240 people found this helpful
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Reviewed in the United States on January 23, 2018
Verified Purchase
I owned this book in the past and wanted to reorder it to read it again. Instead of getting the book I expected, I received a tiny, hand sized book, with print that is too small and that is, frankly, hard to open all the way in order to read the words near the binder. So the book is utterly useless. With all the complaints about this tiny book, I'm not sure why that is the book that automatically comes up when you search for the book. Instead, the normal sized book should be the default, and then people can select the pocket sized book if they want. So I would say that the content of the book is excellent. DO purchase the book; however, BE SURE TO SELECT THE LARGER, PAPERBACK VERSION if that's what you want (sorry for the all caps, just want to make sure people see that part).
791 people found this helpful
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Reviewed in the United States on June 19, 2017
Verified Purchase
This is an enhanced reprint of the original, with additional study questions/ discussion and review added at the end of every chapter. I bought the original about 18 years ago and it changed my families destiny for the better. I am glad the reprint came out as it prompted me to reread it and deepen my understanding.
Some people complain that this book does not give a step by step process for change. I would counter that one size shoe does not fit all feet. There are many individual paths to wealth, and Kiyosaki sets the guiding stars to navigate by, but you have to walk your own individual road.
Some key concepts of this book are: 1) Assets put money in your pocket even when you are on vacation. Liabilities take money out of your pocket, therefore your house is a liability [unless you rent out rooms and the garage as one person I know did while rebuilding his asset base].
2) Wealthy people buy assets first, and then let their assets buy their luxuries from the surplus cash flow.
3) Wealthy people continuously increase their assets by reinvesting their surplus cash flow in more assets.
4) There are 3 primary asset classes: Real Estate, Businesses, and Paper assets (stocks bonds notes, etc)
5) Cash Flow is more important than Net Worth. Net Worth is similar to potential energy, to use it you have to spend it, then it is gone. Cash Flow is like power from a hydroelectric dam, constantly replenished.
The rich don't work for money, they work for assets.
The tax laws are fair from the standpoint that the laws that the rich spent billions of dollars to have modified and interpreted apply to everyone who learns how to use them.
A great foundation book for beginning to improve your financial intelligence so that you don't work 4 or more month's of every year for the Tax man, more months for the banks that hold your mortgage and credit cards, and whatever is left making the company you work for wealthy. Good luck on your journey to being Rich, poor, or middle class.
Some people complain that this book does not give a step by step process for change. I would counter that one size shoe does not fit all feet. There are many individual paths to wealth, and Kiyosaki sets the guiding stars to navigate by, but you have to walk your own individual road.
Some key concepts of this book are: 1) Assets put money in your pocket even when you are on vacation. Liabilities take money out of your pocket, therefore your house is a liability [unless you rent out rooms and the garage as one person I know did while rebuilding his asset base].
2) Wealthy people buy assets first, and then let their assets buy their luxuries from the surplus cash flow.
3) Wealthy people continuously increase their assets by reinvesting their surplus cash flow in more assets.
4) There are 3 primary asset classes: Real Estate, Businesses, and Paper assets (stocks bonds notes, etc)
5) Cash Flow is more important than Net Worth. Net Worth is similar to potential energy, to use it you have to spend it, then it is gone. Cash Flow is like power from a hydroelectric dam, constantly replenished.
The rich don't work for money, they work for assets.
The tax laws are fair from the standpoint that the laws that the rich spent billions of dollars to have modified and interpreted apply to everyone who learns how to use them.
A great foundation book for beginning to improve your financial intelligence so that you don't work 4 or more month's of every year for the Tax man, more months for the banks that hold your mortgage and credit cards, and whatever is left making the company you work for wealthy. Good luck on your journey to being Rich, poor, or middle class.
1,157 people found this helpful
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Reviewed in the United States on May 19, 2018
Verified Purchase
A very motivational book without a lot of practical steps to magically achieve the goals listed. Some inaccurate information such as Charles Schwab dying penniless. More important is the author filed for bankruptcy in 2012. Why is that? Research it on your own. For most people this will motivate them to THINK differently and think outside the box, but not necessarily ACT differently, as we still need money to live on and have to work some and not just dream big without action and income behind it. This books contrasts another book "The Millionaire Next Door." Some of the examples that seem to be his idols are a bit scary too, like Ray Kroc. I'd rather apply Biblical money principles from people like Dave Ramsey. All in all a fun good read for mental stimulation. Take it with a grain of salt and don't blindly follow it 100%
626 people found this helpful
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Reviewed in the United States on July 15, 2019
Verified Purchase
First off I will admit there are some good financial sayings to say to a 10 year old and very very basic concepts. Other reviewers broke it down well so I will skip that. The cash flow game is kinda fun and a knock off of monopoly. Here's the problem, the guy is a scam artist. He writes in his own book he is a "best selling author not a best writing author". That seems to be a theme throughout the entire book. One big motivational sales pitch. Look up rich dad poor dad scam and you'll see what I'm talking about. It's a shame there's people out there who scam others. I listened to a "live" seminar and after 15 min it's another 45-60 min of straight sales pitch to buy their program. Please read reviews on other sites and you'll see what I mean. Thank God I didn't waste money on the "classes". If you want an honest and straight forward financial book, I would highly recomemend Dave Ramsey baby steps, the richest man in Babylon, and the millionaire next door (skip 1st chapter). Those are worth their weight in gold meanwhile rich dad poor dad is an expensive paperweight. I wish I could get all the time back that I wasted on this vague book.
300 people found this helpful
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Reviewed in the United States on May 22, 2020
Verified Purchase
I recently startee reading financial books and Rich dad poor dad was definitely on my radar.
To be totally frank the book has a lot of core values for someone to start and I highly recommend it. However what I disliked is the fact the book was written back in 1997 and honestly alot has changed since then.
Also, I really dislike how the book never really mentions how to get into stocks or how to obtain the first real estate property. He stresses a lot on growing your asset column but fails to go in details on how he built his pprtfolio
To be totally frank the book has a lot of core values for someone to start and I highly recommend it. However what I disliked is the fact the book was written back in 1997 and honestly alot has changed since then.
Also, I really dislike how the book never really mentions how to get into stocks or how to obtain the first real estate property. He stresses a lot on growing your asset column but fails to go in details on how he built his pprtfolio
107 people found this helpful
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Top reviews from other countries
Amazon Customer
1.0 out of 5 stars
not satsfied at all.
Reviewed in India on August 9, 2018Verified Purchase
i am greatly dissatisfied with this product. There are 243 pages in the book I obtained from Amazon whose cost was Rs.299/-. But my colleague purchased the same book for same price containing 350 pages. Then what should I do this product. Why such thing is happening.
1,589 people found this helpful
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Kalyan Dutta
5.0 out of 5 stars
The FIRST financial book you should read!
Reviewed in India on August 9, 2018Verified Purchase
Almost ALL the financial mistakes that I make are listed in this book! This book shows how we, the majority of the people think, & that's why we remain poor all our life. All of us think of becoming rich, but do the same thing, practice the same financial activities that all the people around us are doing. So how can we become rich by using money like a poor?
Pros:
1. This book helps to find out HOW to use your money to make money for you.
Read it again:
HOW to use your MONEY to MAKE MONEY for you.
2. It just changes our financial viewpoint towards money.
3. It explains why the poor people try to save money, whereas the rich INVEST.
4. It teaches you how to grow financial habits of the rich, even when you are not making money.
5. Literally, it gives you freedom from MONEY!
Cons:
1. Some sellers are selling the cheap xerox copies of the book, try to buy only from Amazon Prime Sellers.
So, if you are ready to get ALL your financial practices proved wrong, try out this book! It will at LEAST show you how to live a FINANCIALLY HEALTHY & worry-free lifestyle.
If you liked our review, do give it a Helpful vote...it helps:)
Pros:
1. This book helps to find out HOW to use your money to make money for you.
Read it again:
HOW to use your MONEY to MAKE MONEY for you.
2. It just changes our financial viewpoint towards money.
3. It explains why the poor people try to save money, whereas the rich INVEST.
4. It teaches you how to grow financial habits of the rich, even when you are not making money.
5. Literally, it gives you freedom from MONEY!
Cons:
1. Some sellers are selling the cheap xerox copies of the book, try to buy only from Amazon Prime Sellers.
So, if you are ready to get ALL your financial practices proved wrong, try out this book! It will at LEAST show you how to live a FINANCIALLY HEALTHY & worry-free lifestyle.
If you liked our review, do give it a Helpful vote...it helps:)
5.0 out of 5 stars
The FIRST financial book you should read!
Reviewed in India on August 9, 2018
Almost ALL the financial mistakes that I make are listed in this book! This book shows how we, the majority of the people think, & that's why we remain poor all our life. All of us think of becoming rich, but do the same thing, practice the same financial activities that all the people around us are doing. So how can we become rich by using money like a poor?Reviewed in India on August 9, 2018
Pros:
1. This book helps to find out HOW to use your money to make money for you.
Read it again:
HOW to use your MONEY to MAKE MONEY for you.
2. It just changes our financial viewpoint towards money.
3. It explains why the poor people try to save money, whereas the rich INVEST.
4. It teaches you how to grow financial habits of the rich, even when you are not making money.
5. Literally, it gives you freedom from MONEY!
Cons:
1. Some sellers are selling the cheap xerox copies of the book, try to buy only from Amazon Prime Sellers.
So, if you are ready to get ALL your financial practices proved wrong, try out this book! It will at LEAST show you how to live a FINANCIALLY HEALTHY & worry-free lifestyle.
If you liked our review, do give it a Helpful vote...it helps:)
Images in this review
1,240 people found this helpful
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Henryk Sadzik
1.0 out of 5 stars
Oh Dear. Another Guru for you to Worship
Reviewed in the United Kingdom on July 25, 2020Verified Purchase
So I've given this a one star review and it's not because it's a badly written book, but rather because the book seems plainly designed to lure you into parting with more of your money via his website and numerous follow up courses. The tale of his Rich Dad and Poor Dad is a nice one, though frankly it rings false, as does the man himself.
On the positive side, the book does get you thinking about your finances, however it offers you no solutions as to how to actually make money. Like a lot of these types of 'self help' books, Kiyosaki takes one message and recycles it constantly. He is happy to tell you the problem, but not the solution. For this you should subscribe to his website and part with more money. This, undoubtedly, is where the real magic is and where you will learn all the great man's secrets for acquiring wealth. Enter credit card details here.
Colour me sceptical, but I do have to wonder why someone with Kiyosaki's supposed riches needs to sell you these courses. Is it because this is truly where all his wealth comes from?
If you want to make money, then save yourself £9.99, don't buy this book, and you'll be ahead already
On the positive side, the book does get you thinking about your finances, however it offers you no solutions as to how to actually make money. Like a lot of these types of 'self help' books, Kiyosaki takes one message and recycles it constantly. He is happy to tell you the problem, but not the solution. For this you should subscribe to his website and part with more money. This, undoubtedly, is where the real magic is and where you will learn all the great man's secrets for acquiring wealth. Enter credit card details here.
Colour me sceptical, but I do have to wonder why someone with Kiyosaki's supposed riches needs to sell you these courses. Is it because this is truly where all his wealth comes from?
If you want to make money, then save yourself £9.99, don't buy this book, and you'll be ahead already
187 people found this helpful
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Leila de Kroon
1.0 out of 5 stars
Don't buy the book; read an online summary instead
Reviewed in the United Kingdom on March 9, 2020Verified Purchase
While the book has 600+ pages, they key message can easily be reduced to 1 chapter. The key message (invest in investments instead of relying on your salary) is interesting, but the additional chapters felt like unhelpful "fluff" and a waste of my time to read. Another reason why I didn't find it an enjoyable read is that quite a few statements he makes are very black&white while reality is actually more grey. Now if he would have added helpful tips on how to get started with building your assets, that would have been helpful. But no, you'll have to buy another book of his in order to find out...
77 people found this helpful
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Tanmay Sharma
5.0 out of 5 stars
What the rich teach their kids about money-that poor amd middle class do not.
Reviewed in India on November 25, 2018Verified Purchase
If the sentence above made you wonder, you should totally buy this book. The book is totally about its tagline. I read 100 pages in just two days (103 to be exact), this book is really interesting if you truly wanna know that what the rich teach their kids about money. Coz surely if you belong to a middle class family, you're familiar with this statement "job are secure, businesses are too risky". Well the book beautifully explains that how many more variables the above statement has. With simple language used, the way it teaches is quite impressive. Highly recommended for anyone who is thinking of a start-up, to give him a better insight about what it actually is, and how to make it work. Coz you know at the end of the day, it's all about execution. No idea is good or bad it's the proper execution that matters. A must read for graduates. If the tag line of the book made you wonder, well, you should totally buy it to know the answer.
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