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Rich Dad, Poor Dad

(Rich Dad #1)

4.11  ·  Rating details ·  507,048 ratings  ·  19,673 reviews
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. ...more
Paperback, 195 pages
Published December 1st 2007 by Time Warner Books UK (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 what You like t…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 in Babylon …more
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).

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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Average rating 4.11  · 
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 ·  507,048 ratings  ·  19,673 reviews

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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
Feb 11, 2008 rated it did not like it
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 isn't worthwh
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
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 written in
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
Jan 21, 2009 rated it did not like it
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
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 the wrong wa
Samantha Cira
Sep 14, 2007 rated it did not like it
Shelves: nonfiction, finance
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 learn about personal finance and inv
May 13, 2019 rated it it was amazing
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... 😅😅😅
Apr 09, 2008 rated it it was amazing
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 in an inves
Apr 29, 2018 rated it liked it
Shelves: finance, kindle
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 knowledge of
a) Account
Will Thomas
May 25, 2009 rated it it was amazing
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.

(May 24, 2016)
Nola Tillman
Mar 26, 2008 rated it really liked it
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 maintained an
May 29, 2021 rated it liked it
Shelves: read-in-2021
Mr.Kiyosaki could use a little humility. The pompousness in his tone is a bit off-putting. Also, the repeated emphasis on some of his financial "gems" gets tiring. Other than that, this was a decent read. ...more
If you search for the best non-fiction (business) books list, the one that is popular even today is “Rich Dad, Poor Dad” and after reading it, I understand why. It’s one of the best books on finance and it changed my perspective of looking at money.

Told in an interesting and engaging manner, Robert Kiyosaki advocates the importance of financial literacy. By using anecdotes from his life and the lessons he learned from his two father figures, the author explains the difference between the mindset
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“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”

I am reading non-fiction books each month and I decided to read more books relating to business because I am genuinely interested in the subject and because I want to take more steps in this field. There are a few huge books when it comes to this field and this book is one of them. There are
Sleepless Dreamer
Apr 17, 2021 rated it it was ok
Fun fact, this book caught my attention because the title looked gay.

I kept reading despite this because I've officially started MBA courses and I recognize that if I won't find something to love in Business, I will not be able to complete this degree, let alone succeed. That is a shame because people's amazed faces when I share my degrees is such an ego boost (which I desperately need cause cheers for crippling imposter syndrome).

In short chapters, Kiyosaki shares the financial education he r
Apr 30, 2010 rated it it was amazing
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
Anurag Vaishnav
Feb 23, 2015 rated it did not like it
Probably the stupidest and most over-hyped book I've ever touched. Rhetorical and Biased. Opinions without any facts.

Kiyosaki tries to convince you that poor are poor because they make bad decisions, or because they just want to remain poor; totally oblivious to the fact that it's a result of oppression and domination in most places. You can't just separate economics from politics and then draw conclusions. See Rutger Bregman's TED Talk to understand the actual psychology of poverty.
Jan 27, 2018 rated it it was amazing
Shelves: books-we-own, ebooks
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.
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 book explores the types of
Jan 30, 2008 rated it did not like it
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 into print naus
Dec 04, 2014 rated it it was ok
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 Dad, but there'
The other John
Oct 06, 2007 rated it liked it
Shelves: curiosity, borrowed
"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 worl
May 26, 2008 rated it did not like it  ·  review of another edition
Inane, self-righteous congratulatory drivel best left to the rubbish heaps.
Sep 05, 2007 added it
Shelves: not-recommended
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
Otis Chandler
Jan 28, 2007 rated it really liked it  ·  review of another edition
Recommends it for: anyone buying real estate
Shelves: nonfiction, business
I loved this book because it was a simple intro to buying real estate, much as The Wealthy Barber was a simple intro to personal finance.

I remember one of my favorite parts was where he examines the statement by many people that shows that the stock market has beaten the real estate annually in a historical comparison. Kiyosacki pointed out though that if you look at return on your money real estate wins hands down because you only have to put in 10% of your own money. So if you buy a 100K hou
Eric Dubay
Dec 15, 2020 rated it it was amazing
Rich Dad, Poor Dad, and all of Robert Kiyosaki's books are excellent must-reads for any entrepreneur. Robert's actual father was a University educated wage-earning life-long employee who encouraged Robert to follow in his footsteps to find success. Meanwhile, Robert's friend's father was a high-school dropout unemployed entrepreneur who also encouraged following in his footsteps. The twist is that Robert's friend's father, his "Rich Dad," was far more wealthy and successful than his own father, ...more
Aug 06, 2007 rated it it was ok
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 li ...more
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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. ...more

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

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“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.” 754 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.” 640 likes
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