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Rich Dad, Poor Dad
(Rich Dad #1)
by
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
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Paperback, 195 pages
Published
December 1st 2007
by Time Warner Books UK
(first published 1997)
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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 ...more
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 ...more

Feb 11, 2008
Dan
rated it
did not like it
Recommends it for:
nobody
Shelves:
fiction,
personal-finances
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 ...more
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 ...more

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 ...more
To me the most important thing it teaches is that being educated is the key.. educated in our motives, in ...more

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

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 ...more
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 ...more

May 26, 2007
J.G. Keely
rated it
it was ok
·
review of another edition
Shelves:
reviewed,
non-fiction
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
I still recall a memorable game where a quarterback's contact fell out, and while he and th ...more

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

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... 😅😅😅 ...more
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... 😅😅😅 ...more

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 ...more
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 ...more

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) ...more
(May 24, 2016) ...more

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 ...more
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 ...more

Mar 26, 2008
Nola Redd
rated it
really liked it
Recommends it for:
people who don't want to think "poor" or want to learn about money
Shelves:
nonfiction-financial
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 ...more
In his book, Kiyosaki reveals that he had two fatherly perspectives while growing up. His biological father maintained an ...more

Jan 29, 2020
Apoorva
rated it
really liked it
·
review of another edition
Shelves:
non-fiction,
personal-development
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 ...more
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 ...more

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 ...more
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 ...more

Genre: Finance, Self improvement
Publication Date: 1997
Undoubtedly one of the best books for our initial guidance towards financial education. Robert has a knack for putting complex financial and economic cases into simpler perspectives, the cases provided by the examples of the rich dad were also helpful in understanding these concepts.
Robert had two fathers teach him how to go about life to earn a living as well as be successful. His educated dad with a Phd (poor dad) and another business orie ...more
Publication Date: 1997
Undoubtedly one of the best books for our initial guidance towards financial education. Robert has a knack for putting complex financial and economic cases into simpler perspectives, the cases provided by the examples of the rich dad were also helpful in understanding these concepts.
Robert had two fathers teach him how to go about life to earn a living as well as be successful. His educated dad with a Phd (poor dad) and another business orie ...more

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 ...more
In Kiyosaki’s mind, the poor are that way because they are lazy, and spend money in the wrong wa ...more

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

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 ...more
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 ...more

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 ...more
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 ...more

"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 ...more
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 ...more

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
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

Jan 28, 2007
Otis Chandler
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 ...more
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 ...more

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' ...more
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' ...more

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

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. ...more
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. ...more

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

May 26, 2008
T.J.
rated it
did not like it
·
review of another edition
Shelves:
this-book-is-wretched
Inane, self-righteous congratulatory drivel best left to the rubbish heaps.

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
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
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سوق الكتب المستعمله بالدمام و ما حولها (شارك كتبك مع الاخرين هنا) | 3 | 34 | Dec 26, 2020 09:18PM | |
Any readers interested in discussing the book "Rich Dad, Poor Dad"? | 13 | 252 | Dec 14, 2020 07:21PM | |
Thoughts? | 2 | 7 | Oct 26, 2020 05:35PM | |
What did you learn about financial stability from this book? | 2 | 15 | Sep 17, 2020 11:01PM | |
Looking for a list of all time must read books. | 1 | 14 | Feb 06, 2020 11:31PM |
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
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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.”
—
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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.”
—
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