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Rich Dad, Poor Dad

(Rich Dad #1)

4.04  ·  Rating details ·  284,185 ratings  ·  10,967 reviews
Explode the myth that you need to earn a high income to become rich

Challenge the belief that your house is an asset

Show parents why they can't rely on the school system to teach their kids about money

Define once and for all an asset and a liability

Teach you what to teach your kids about money for their future financial succes
...more
Paperback, 183 pages
Published June 14th 2011 by Plata Publishing (first published 1997)
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Popular Answered Questions
Mohammad Kermani 1-Have your own work and work for yourself.
2-Job is different with trade. You should have your own trade and Job.
3-You should do stuff…more
1-Have your own work and work for yourself.
2-Job is different with trade. You should have your own trade and Job.
3-You should do stuff what You like to do (as successful people).
4-The rich buy assets. The poor only have expenses. The middle class buys liabilities they think are assets. The poor and the middle class work for money. The rich have money work for them.
5-You should read this book(less)
Dwayne Finance:
The Millionaire Next Door by Thomas J. Stanley (who studied and interviewed actual millionaires to write the book).
The Richest Man…more
Finance:
The Millionaire Next Door by Thomas J. Stanley (who studied and interviewed actual millionaires to write the book).
The Richest Man in Babylon (which gives similar advice to what the actual millionaires did, without the scientific research).

Psychology/Business:
Give and Take by Adam Grant
The Art of the Start by Guy Kawasaki
There's a few others, but start with these. Burn Rich Dad. Why? See here: http://johntreed.com/blogs/john-t-ree...(less)

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Troy
Aug 11, 2007 rated it did not like it  ·  review of another edition
I bought this book on the recommendation of a client, and from page one I was feeling uncomfortable with it. I pushed aside the part of my mind that was shouting "This guy is trashing highly educated people and the working poor!" and I was able to actually become enthusiastic about the message of the book.

Here is the message of the book, and as far as I can tell, the only thing of value in its pages:

* When you own something, it is either putting money into your pockets, or taking money out of
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Dan
Feb 11, 2008 rated it did not like it  ·  review of another edition
Recommends it for: nobody
This book may do a good job of getting you excited about your financial future but the false information it teaches negates any benefits.

I believe this book does a disservice to the public. I suspect it was written to appeal to those who are failing in the world's conventional definition of success. Didn't go to college? Can't hold down a stable job? Good for you! You haven't fallen for that waste of time and stupid rat race like all those other suckers!

Saying that higher education
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L
Jul 13, 2007 rated it it was amazing  ·  review of another edition
Recommends it for: everyone
This book is not just about money. It's about how we are taught to think; how we are programmed by schools, family, and friends to look at the rich as greedy no good bloodsuckers and opportunities as risks. It is an attempt to reprogram minds to look at why we do what we do.. why do we buy all these shoes, clothes, cars, jewelry.. have we earned it or are we just trying to maintain an image?

To me the most important thing it teaches is that being educated is the key.. educated in our motives, in
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Allie
Oct 12, 2014 rated it it was ok  ·  review of another edition
Shelves: finance
This book has a picture of the author on the cover. I should’ve considered myself warned. But here’s the thing - I’m 28 years old, married with no kids, spent the better part of the last 10 years at uni and I work full time. I have spent my entire life studiously avoiding economics, finance, accounting and all associated disciplines, instead always choosing the history/politics/social sciences path, and then studying law. As a result, I have a big gaping hole in my knowledge, and no idea about w ...more
Ahmad Sharabiani
Rich Dad , Poor Dad (Rich Dad #1), Robert T. Kiyosaki, Sharon L. Lechter
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ) to improve one's business and financial aptitude. Rich Dad Poor Dad is writt
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J.G. Keely
I read this book while in an Entrepreneur phase. On one hand, it is rather inspiring, in a John Madden sort of way. You see, John Madden (American football broadcaster) always makes everything sound easy, which may be how he coached the Raiders to the superbowl. He'll say something like "now what they need to do here is score a touchdown. I think that if they can do that, they will turn this game around".

I still recall a memorable game where a quarterback's contact fell out, and while he and th
...more
Jerecho
May 13, 2019 rated it it was amazing  ·  review of another edition
Read this one in 2004, but maybe I read an earlier edition...

I think I rated this one 5stars. I have to review my journals, it's been too long, I can't remember what I've written.

I'll be back with this one... 😅😅😅
Danine
Jan 21, 2009 rated it did not like it  ·  review of another edition
Recommends it for: Suckers
I've been wanting to read this for a couple of years. After some recent events in my life I wanted to understand the financial thinking of people who were raised wealthy and those who were not. The first chapter was great. The storytelling was simple and informative. It made so much sense to me and I related to it. Then I started Lesson Two: Why Teach Financial Literacy. It was this chapter that I realized that homeboy Kiyosaki is quite pompous. I understand that he was using specific examples i ...more
Will Thomas
May 25, 2009 rated it it was amazing  ·  review of another edition
Shelves: daily-reading
This book goes on my shelf of four books I read over and over, books I read devotionally. It totally revolutionized my outlook not only on making money, but also on education. I wish everyone would read this. I wish the close-minded, those who graduated from whatever school they attended and haven't allowed themselves a new thought since, could break through the stone walls they have erected around their souls and let this in. This message can save our world! I am not exaggerating.

(M
...more
Nola Redd
Mar 26, 2008 rated it really liked it  ·  review of another edition
Recommends it for: people who don't want to think "poor" or want to learn about money
While driving for the Thanksgiving vacation, my husband and I listened to Robert Kiyosaki’s book, Rich Dad, Poor Dad, on CD. This book helped us to expand and to think outside the box when it came to money. It gave us many things to think about and other ways to view our finances. I enjoyed it so much that I not only listened to it twice on CD, but also read the book itself.

In his book, Kiyosaki reveals that he had two fatherly perspectives while growing up. His biological father m
...more
Abby
Apr 09, 2008 rated it it was amazing  ·  review of another edition
This is a GREAT book! I can definitely say it changed my life and they way I look at money and finances. For example, my husband and I bought investment properties after I had him read it as well. It is very easy and interesting to read. READ IT! READ IT! READ IT!

Here is one of my favorite lines from it, approximately quoted: "I have never met a rich man who hasn't lost a lot of money, but I have met a lot of poor men who have never lost a dime." True! SO TRUE. Everytime I lose money
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Samantha Cira
Sep 14, 2007 rated it did not like it  ·  review of another edition
Shelves: finance, nonfiction
Sorry, but this book is a bunch of mumbo-jumbo BS.

The concepts in this book, to me, are common sense and there are no concrete applications to his ideas. Yes, the poor get poorer while the rich get richer, there's a ground-breaking idea! Yes, most people don't know how to manage their money, we know, so how about telling us how?

The majority of the book is Kiyosaki wanking it, telling us stories about his life (which I don't even think are true).

If you want to
...more
Audrey
Apr 30, 2010 rated it it was amazing  ·  review of another edition
The life changing book that has been a personal finance best seller for over a decade written by author Robert T. Kiyosaki. This little book has changed the lives of many people and their perspective on money, who are in misery, not knowing how to make ends meet due to lack of financial education. The contents of this book, tells the story of a young man, who is the author himself, being brought up by his natural father the conventional way of getting a job, saving every penny, working hard and ...more
Shalini Sinha
The signal to noise ratio is not very good in this book. But there are already many useful critical reviews on GR, so, I'll just talk about the important takeaways.

It's a generic self-help book which talks of "what" one should do (/not do) and not "how". If one is looking for practical advices related to investing, this is not an apt book to pick up.

Important takeaways :
1) Be financially literate. This makes the majority of the content of the book. Have at least minimal knowle
...more
Angela Randall
I thought this book was great! Along with being a very pleasant read it had many valuable financial lessons to teach us. I’ll quickly go through some of the very important points.

We really don’t get taught anything about financial management in school. I’m shocked at how many of my friends know nothing about how their credit card works, let alone how to use simple accounting to correctly assess their financial position. We need to have financial literacy to survive.

The bo
...more
Archit Ojha
Jan 27, 2018 rated it it was amazing  ·  review of another edition
Shelves: ebooks, books-we-own
A wonderful book for anyone who wants to be an entrepreneur. Enlightening about assets and liabilities, the book provides real life examples and scenarios.

A must read for the beginners.
Leslie
Dec 19, 2008 rated it liked it  ·  review of another edition
Shelves: nonfiction, business
There were things that I liked and things that I disliked about this book.

Dislikes:

*Author makes exaggerations, blanket statements, and assumptions and then presents them as facts. (i.e. He states that Americans pay 50% in income taxes. Not many Americans are in this tax bracket, certainly not the person that would be reading this book!)

*Author doesn't understand economics, politics and law well. For instance he states that "Our staggering national debt is due in large p
...more
The other John
"And I will say to my soul, 'Soul, you have many goods laid up for many years to come; take your ease, eat, drink and be merry.'"
But God said to him, "You fool! This very night your soul is required of you; and now who will own what you have prepared?"


That parable popped into my mind when I read this book. This book is about "what the rich teach their kids about money that the poor and middle class do not." It's not so much a manual on how to get rich, but more of a book on the underlying
...more
Jocylynn
Jan 30, 2008 rated it did not like it  ·  review of another edition
My father handed me this book two nights ago, and said something to the effect of "interesting read--not very informative, but not bad".

After reading 36 out of 195 pages, I've already gotten a grasp of the overall message (make your money work for you). I've also become bored with it. As a future purveyor of doctorate-level counseling/psychological services (fingers crossed, here), reading the dribble that pop-psychologists, self-made millionaires, and the like are allowed to put int
...more
Meutia
This book is more a motivational book rather than personal finance book. It talks about general things that people knew already. Plus, after reading the analysis of this book by John Reed, I became increasingly skeptical about it: the author is making money out of writing this kind of book instead of through managing his own finances. You can read this book for leisure but it won't help much in managing your personal finance. And if possible, don't buy it, just borrow from local library. Persona ...more
Scott
Dec 04, 2014 rated it it was ok  ·  review of another edition
Shelves: non-fic
Sixteen years ago I met some people who read this book and put its lessons into practice, getting out of the rat-race and into business for themselves, looking to move into the world of big deals and Kiyosaki-style financial freedom. They even had his boardgame; Cashflow - Get Out of the Rat Race!.

Now, over a decade and half later their lives have been transformed - their business has failed and they live in a van.

That's not to say that there is no useful advice in Rich Dad, Poor
...more
Amanda
Feb 22, 2012 rated it it was ok  ·  review of another edition
Interpretation: 2-stars is more like "meh".

This book has been repeatedly referenced by authors I respect, and the curiosity got the better of me. Clearly. Because I read the whole book, thinking there must be something salvageable somewhere. However, I finished it disappointed. The author's greatest weakness is not that he doesn't understand money. He does well. Rather, he gets on the cusp of cracking a code for his readers...and then breaks into a swagger and bravado about his own accomplishme
...more
Spencer
Aug 06, 2007 rated it it was ok  ·  review of another edition
This book shares the same fundamental problem that plagues most business how-to's (like The E-Myth): terrible, corny writing. You would think smart, successful people like Kiyosaki and E-Myth's Michael Gerber would be able to retain a decent ghost writer, but you'd be wrong. As for the content, there are a few nuggets of wisdom here but the major revalations and practical guidance that the word of mouth for Rich Dad promised just never materialized. Here's the entire book in a nutshell, "When life give you lemons, ...more
Garrett Peters
Feb 11, 2015 rated it did not like it  ·  review of another edition
Wow, what ideologically driven, poorly written, paternalistic rubbish! Reading this book reminds me of every conversation I’ve ever had with a middle-aged, white guy, whose sense of entitlement and self-importance has reached such a critical level that as they lecture you on the reality of life, as they see it, while doing so by telling ridiculous, unrealistic parables that border on the nonsensical

In Kiyosaki’s mind, the poor are that way because they are lazy, and spend money in
...more
Dr Osama
The book seems interesting from the beginning e.g. how the two fathers view money and financial aspects from different perspectives, how parents usually teach their kids values related to money while school is not giving this issue much.

There are good points in the book e.g. financial education, taking calculated risks, investing in creative ideas etc. However, the author seems to see money and being rich as an ultimate goal in life for people. In reality it's really complicated to understand t
...more
K.D. Absolutely
May 04, 2009 rated it liked it  ·  review of another edition
Recommends it for: Soni
Shelves: self-development
What struck me most among the different advices in this book is “spend only on things that will generate income for you” and it was in that part where the author describes the house of his Poor Dad – the tattered door mat, the creaking floor panels, etc. After reading the book, I thought it would be nice to do that but it is easier said than done. For example, when my daughter hinted that she would like to have PS2 when she was still young to understand the value of money, would I refuse or prob ...more
T.J.
May 26, 2008 rated it did not like it  ·  review of another edition
Inane, self-righteous congratulatory drivel best left to the rubbish heaps.
Alan
May 19, 2008 rated it it was amazing  ·  review of another edition
Recommends it for: Anyone
Recommended to Alan by: Teacher
Rich Dad, Poor Dad is easily one of the most insightful and useful books of our generation. In an ever changing economy it is important for people to have not just academic intelligence but financial intelligence in order to be successful. This book gives so much information that many people never learned in school, college or from their parents. This book teaches smart ways to invest and ways to make your money work for you instead of having to work for your money.
This book appeals to all
...more
Girish
Aug 08, 2018 rated it really liked it  ·  review of another edition
Way back, when I was in college, one of my teachers recommended this book to me as a must read before I started earning. Characteristic of a college student, I ignored it completely. Wish I had read this way back! Needless to say, when I finished it, I recommended it to everyone I cared about.

This book is like a must read for Financial literacy (not education) - what is not taught in school nor the social set-up. Using anecdotes and simplified explanations, the author drives home the point of h
...more
Manpreet Kaur
Sep 30, 2017 rated it it was amazing  ·  review of another edition
it is a really good book. First thing you notice is how it is written in a conversational manner. It peaks your curiosity and then you just get sucked into it.
it deals with the subject of Financial intelligence and I am so glad I read this. A must read!
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topics  posts  views  last activity   
How to get success 1 6 Aug 17, 2019 09:43AM  
who is robert kiyosaki ? 1 9 Jun 09, 2019 10:05AM  
Discussion on a topic written in the book 10 134 Jun 04, 2019 03:26AM  
Has anyone read Rich Dad, Poor Dad? 1 3 May 08, 2019 12:14AM  
Is this book really that good? 32 306 Apr 09, 2019 07:06PM  
dinheiro 1 6 Jan 28, 2019 06:23AM  
#debtfreecommunity: Thoughts and takeaways 3 23 Jan 20, 2019 09:08AM  

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3,939 followers
Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing. He has now had at least a dozen books published. A partial list of his books is included below

Other books in the series

Rich Dad (1 - 10 of 13 books)
  • Rich Dad's Cashflow Quadrant: Rich Dad's Guide to Financial Freedom
  • Rich Dad's Guide to Investing: What the Rich Invest in That the Poor and Middle Class Do Not!
  • Rich Dad's Rich Kid, Smart Kid: Giving Your Children a Financial Headstart
  • Rich Dad's Retire Young, Retire Rich: How to Get Rich Quickly and Stay Rich Forever!
  • Rich Dad's Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons
  • Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins!
  • Rich Dad's Guide to Becoming Rich...Without Cutting Up Your Credit Cards
  • Rich Dad Poor Dad for Teens: The Secrets about Money--That You Don't Learn in School!
  • Rich Dad's Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business
  • The Business School For People Who Like Helping People
“In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.” 644 likes
“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.” 521 likes
More quotes…