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Robert T. Kiyosaki

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Paperback – April 11, 2017

by Robert T. Kiyosaki (Author)

34,862 ratings

Part of: Rich Dad Poor Dad (14 Books)

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April 2017 marks 20 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

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Product details

Item Weight : 12 ounces
Paperback : 336 pages
ISBN-10 : 1612680178
ISBN-13 : 978-1612680170
Product Dimensions : 5.9 x 1 x 8.9 inches
Publisher : Plata Publishing; Second Edition (April 11, 2017)
Language: : English

Best Sellers Rank: #809 in Books (See Top 100 in Books)
- #20 in Parenting (Books)
- #37 in Personal Finance (Books)

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34,862 ratings

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AQ3C-LEPFLB-HJHUK

Buy the book and run away from richdad education! Total scam!

Reviewed in the United States on January 26, 2019

Verified Purchase

The book is really easy to understand and to read, the message Robert gives is good and can help you change your mindset to be more financially independent but please beware of richdad education. After purchasing this book I immediately received ads all over social Media Facebook and instagram about Rich dad education seminars. I sign up for and went to one of their “free” seminars just to find a random guy talking about how rich and and wealthy he become after rich dad education and how now he is giving back to the community teaching them how they can become wealthy by doing all the real estate strategies promising that they will teach all this great strategies if you purchase a 3 day seminar for $700.00 ... and so I did purchase the 3 day seminar excited to find out what I was promised “real estate strategies” unfortunately after a few hours of being in the seminar I realized that all they were doing is talking about how you need and must invest on a 50k package plan. So you can have access to a mentor. 3 whole days just listening to an old lady talking about her life and how rich and wealthy she is, brainwashing you to invest in their plans to the point of asking for extreme personal financial information. wasted 3 days of my life and $700.00 just to give them the opportunity to talk about how I need to purchase their $50,000 legacy plan. They never talk about what I was promised at first on any real estate strategy. Please beware of this scam. I posted the packages they almost force to purchase and the questionnaire are you need to submit so they know how much money you have and or how you can get a loan to purchase their package.

2,406 people found this helpful

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Eugene C.

A great foundation book for beginning to improve your financial intelligence

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.

930 people found this helpful

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Ilive4him24

Everything

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.

812 people found this helpful

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judysardenspeaker

Make sure you Select the Book Size

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).

496 people found this helpful

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Mister E2

Rich Motivation, Poor Examples, Fun to Read

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%

448 people found this helpful

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Top reviews from other countries

Amazon Customer

not satsfied at all.

Reviewed in India on August 9, 2018

Verified 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.

1,104 people found this helpful

SAINATH REDDY

#1 book for financial wisdom

Reviewed in India on July 15, 2018

Verified Purchase

It is a fact that schools are mostly designed to produce employees and not employers of which I myself was a proof that I thought of job, security,avoid risks, and hated talking about money.
It is a book which taught me the thought process of poor and middle class people where I belong, which laid foundation towards progress of my thoughts about financial wisdom.
I was very intrigued about tax system and determined to read more about taxes and shocked about poor and middle class people who will pay more taxes than rich.
Detailed description about difference between assets and liabilities was best part and how to develop your asset column by investing in yourself to escape from rat race and retire early and let assets will make money for you was where I got interested.

351 people found this helpful

Kalyan Dutta

The FIRST financial book you should read!

Reviewed in India on August 9, 2018

Verified 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:)

764 people found this helpful

JWestover

Be wary

Reviewed in the United Kingdom on August 20, 2016

Verified Purchase

While I'll admit this book does have some great insight into how money works, where it comes from, the differences between the rich and the middle class, assets and liabilities etc... this book is a preach on the idea of real estate which is an extremely expensive scheme to enter into, and not ideal if you're starting from the bottom. So what actually made the author rich? Real estate? Or is that now keeping him rich after selling this best-selling book preaching these financial methods which are either extremely expensive or take a lifetime to accumulate (stock investments for example)? A book I'd recommend over this one any day would be "The Millionaire Fastlane" by MJ DeMarco. It has tried and tested methods for anyone who wants to make a lot of money in a much shorter space of time, even if you're starting from ground zero. And also, the author practices what he preaches!

238 people found this helpful

Moses

Didn't meet expectations

Reviewed in the United Kingdom on September 15, 2018

Verified Purchase

This short book does provide a few points that are worth taking home. These include basic concepts on money which I never really thought about so there is some value here.
On the other hand this book reads as very insincere and the stories which the author tries to portray as real life examples all come across as hypotheticals. I'm tempted to say that this best selling author who is supposedly an investor has probably made the bulk of his profits through this book and not investments. I say this because his own personal investments relayed in the book are not very detailed and provide no lessons. They are simply a repetition of - I bought a property at a cheap price and sold it at a profit... every time.
I'm disappointed in myself for having contributed to the authors business but there was a little benefit, though maybe not worth the investment. This is my first exposure to business related books. I'm sure there are better out there so my advice would be to start elsewhere.

92 people found this helpful

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