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Rich Dad, Poor Dad

(Rich Dad #1)

Robert T. Kiyosaki,

Sharon Lechter

4.09 · Rating details · 402,155 ratings · 15,302 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

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Paperback, 195 pages

Published December 1st 2007 by Time Warner Books UK (first published 1997)

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Aug 11, 2007 Troy 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 ...more

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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

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Jul 13, 2007 L 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 ...more

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Oct 12, 2014 Allie 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 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 what to do with the money that I’m currently saving. Also, I have this thing where I through phases of obsessively reading and learning about new things. A few months ago, it was fish and aquariums (I’m not kidding). Now, it’s learning about.. finance. I actually can’t believe I’m writing this, but .. I am.

Rich Dad Poor Dad is a book that both taught me some things, and made my blood boil. It borders on negligent in many areas, and is downright offensive in the guise of being ‘helpful’. I absolutely agree with one of the premises, that many people are financially illiterate. I also agree that many people aren’t able to teach their kids money stuff, because they don’t know that much themselves. This book made me think about what I’m doing with my money and gave me some insight into the kind of things I am now going to look into and research. But it also scared me. This book is a libertarian’s wet dream that was written to be a bestseller. He won, I guess.

It’s terribly written – it really is abysmal. This book bats you over the head with a few ideas (one of which is that The Poor should just stop being so poor!) through numerous “conversations” with his Rich Dad (who is supposedly the father of his friend). It’s horrendous dialogue; it actually.. I just can’t. It’s horrible. It talks about his father (the Poor Dad) who is university educated and hard working, but supposedly foolishly believes that getting an education and then a secure job is a waste of time. Education – what a joke, right? What a waste of time and money, that could otherwise be spent on high risk ventures that will always make you millions. That can be further invested to make billions.
Rich Dad, however, never finished high school, and owns numerous companies that employ The Poor (read: stupid idiots) who work for him, because they’re The Poor. Rich Dad teaches us how The Rich do things, and why that’s all we need to do to join their ranks.

The thing is, not everybody is afforded the same opportunities, and the point about high risk, is that risks are high. Sometimes it all comes crashing down.
The world is not comprised of “the rich”, “the middle class” and “the poor” and even if you look at it that way, it is a dangerous (and derogatory) to consider that people are poor because they don’t make their money work for them. Because they’re “losers” (I shit you not) who are too scared to take a risk.

It is fervently anti-intellectual. It totally disregards that not everybody has the capacity or opportunity to “pay themselves first” before paying bills, or quit their job to make money work for them. Money doesn’t just come to you if you try hard enough. Sometimes you need to actually pay your bills because there are real life consequences to failing to do so. Like, your utilities being disconnected. Your credit rating being destroyed.

In my view, and in reality, not everybody can be an employer. Employers need employees.
There is actual intrinsic value to things other than being an employer, running a company, and making money. Things like, helping people, making things, research, writing, hell – even working. I find it scary, that people would pick this book up, be motivated by it (because if nothing else, it’s motivating. Because everyone can be The Rich!) and be lulled into a false sense of entitlement, purpose and safety by its messages. I imagine that in person, Kiyosaki is a cult leader type person.

As I mentioned, I’m not well versed in financial or economic things – but I can smell bullshit and see when inconvenient facts or complications are glossed over. This one is getting filed in the bin, and I’m going to continue my learning elsewhere!
...more

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Aug 04, 2013 Ahmad Sharabiani rated it liked it

Shelves: economic, non-fiction, psychology, united-states, 20th-century

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 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 the style of a set of parables, ostensibly based on Kiyosaki's life.

تاریخ نخستین خوانش: روز شانزدهم سپتامبر سال 2011میلادی

عنوان: بابای پولدار بابای بی پول؛ نویسنده: رابرت تی کیوساکی؛ شارون ال لچر؛ مترجم: پروین قائمی؛ تهران، معیار اندیشه، 1385؛ در 270ص؛ شابک 9646617751؛ چاپ دوم و سوم 1386؛ چهارم 1387؛ پنجم و ششم 1388؛ شابک 9789646617759؛ چاپ هفتم 1389؛ چاپ دوازدهم 1392؛ سیزدهم 1393؛ موضوع سرمایه گذاری امور مالی از نویسندگان آمریکایی - سده 21م

افراد، با آگاهی از گردش مالی، قادرند، خوشبخت و مرفه باشند؛ شم مالی، نوعی جریان فکری است، که از راه آن میتوانیم، مشکلات مالی خود را حل کنیم؛ جهان امروز، جهان پیچیده، متغیر، و بسیار بزرگتر از دنیای گذشته است، در این دنیا، کسی جام جهاننما ندارد؛ ولی در این نکته نیزکوچکترین تردیدی وجود ندارد، و آنهم اینکه، تغییرات آینده، در چهارچوب ذهن ما، نمیگنجد، و هیچکس از افراد پایین جامعه، از آن خبر ندارد؛ یکی از دلایل پولدار شدن پولدارها، و بی پول شدن بی پولها، و دست و پا زدن طبقه ی متوسط، در قرض و بدهی، این است که موضوع پول، صرفا در خانه مطرح میشود، و در نظام آموزشی هیچ جایگاهی ندارد؛ برای پولدار شدن، لازم است، نخست یاد بگیریم؛ که با مغز خود پول دربیاوریم؛ آدمها آنگاه واقعا فقیر میشوند، که از تلاش کردن، ناامید شوند، مهمترین مسئاله وارد شدن در میدان، شروع کردن به کار است؛ بیشتر آدمها یک عمر، درباره ی پولدار شدن، حرف میزنند و گاه تنها خواب آن را میبینند، ولی هیچکاری نمیکنند؛ داشتن ماشین و خانه ی حسابی، لزوما به معنای پولدار شدن نیست؛ آدمهای پولدار، پیش از پولدار شدن، نخست پایه های یک «امپراتوری مالی» را پی میریزند

تاریخ بهنگام رسانی 19/09/1399هجری خورشیدی؛ ا. شربیانی ...more

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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

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Jan 21, 2009 Danine 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

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May 13, 2019 Jerecho 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... 😅😅😅 ...more

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Apr 09, 2008 Abby 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 ...more

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May 25, 2009 Will Thomas 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) ...more

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Sep 14, 2007 Samantha Cira 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 ...more

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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 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 attitude towards money that kept him struggling financially throughout his life. His friend’s father, who he spent a lot of time with, held a different perspective, and ultimately prospered. The two men regarded money differently, which caused young Robert to compare and ponder the different things each dad taught. In doing so, he had to choose which path to follow, rather than just blindly accept what he learned. He applied these principles in his life, and, like his rich dad, prospered financially.

I enjoyed the way Kiyosaki introduced us to both fathers. He puts us in the scene of action, rather than lecturing us, and like he did as a boy, we learn from actions rather than words. This is more successful, I think, than most financial books, which while helpful can be a little boring.

Kiyosaki presents the six lessons that his rich dad taught him, and then expands on them. He provides examples and applications. Much of what he says caused me to change my normal perspective as I considered a different way of thinking. Similarly, as I read, I could see phrases that I and others have used that mark us as “poor.” In fact, over the Thanksgiving holiday, my dad unknowingly repeated about six or seven things that Kiyosaki’s “poor dad” had said! These statements have caused me to realign many of my thoughts on money.

As we drove, my husband and I frequently stopped the CD to discuss not only the changes in our thinking but also the inspiration that occurred to us. We began seeking opportunities, rather than just blindly accepting the fact that we were broke. We discussed business opportunities, and chances we could “work to earn” rather than “work for money.”

If this book has a failing, it is that it is more of an overview than a how-to. It left me wanting to learn more. However, I understand that Kiyosaki has several other books written that appear to dive into the subject more thoroughly, and I look forward to reading those. Still, this works as a great stepping-off point to make us reconsider our view of financial issues.

This was clear, well-written, and thought-provoking, and left me wanting to learn more. It made for great discussion with my husband, and I felt like we both grew closer as we considered the opportunities around us. I highly recommend this book to anyone who wishes to increase their financial knowledge.
...more

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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

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Apr 29, 2018 Shalini 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 ...more

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Nov 20, 2019 Ujjawal Sureka rated it it was amazing · review of another edition

Shelves: re-read-list, 5-star, kindle

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

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Feb 11, 2015 Garrett Peters 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 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 way. The poor should take their paychecks, and buy some property(!) just like Kiyosaki did (although, he admits, what made him wealthy may not work for most). He also admits that McDonalds is the most popular fast food joint not because they sell a superior product, but because they have a superior business model. The lesson to be taken from this, I guess, is that business is not there to provide a better product than their competitor (seemingly against his libertarian-best widget mythology), but rather, to simply run a business. This is the most refreshing and realistic part of the book; capitalism doesn’t care about the product it produces, it’s a business for the sake of being a business. Finally, some realism is injected into the fantasy. But it doesn’t really bode that well for the idea that competition in a capitalistic economy is based on businesses attempts to produce a better product than other businesses. In fact, it doesn’t seem to be about the product at all!

Kiyosaki fails to acknowledge of the role privilege plays in this libertarian game. Although, he does admit that the wealthy “groom” their children for a wealthy lifestyle, anyone with even a small sense of honesty would realize that wealth is easy to create when it is handed to you by mommy and daddy. Kiyosaki’s “rich dad” is the one that taught him all these lessons. Kiyosaki’s “poor dad” is a highly educated PhD. I’m willing to bet Kiyosaki has no idea what it is like to be poor. Kiyosaki lucked into wealth (in large part due to authoring a very badly written a book with a coauthor that sued him) and then going around the world and lecturing people about how if you’re not wealthy, its your fault, and if you are, don’t worry about the poor, it’s their fault.

The ‘history” (of taxes, socialism, capitalism, et. al.) section of the book is laughable in its ideological assumptions and inaccuracy. But I will spare you. The main point of Kiyosaki’s viewpoint, that everyone can be wealthy, is logically inconsistent. Not everyone can be wealthy, because, who would make the wealth? There would be no workers for the wealthy to exploit to increase their own wealth, while patting themselves on the back for what a good rich person they are. This type of faulty logic and inability to accurately comprehend reality should give anyone pause. Especially if this is the type of person you are taking financial advice from.

It is no surprise this clown’s hero is Donald Trump. How many bankruptcies has that guy had? It is also no surprise that a regrettably significant number of Goodreads reviews (no fear, they wouldn’t have read this far into my review) claim this is the first book they could ever read all the way through. Seriously?

Here is a good review about this fraud himself... http://www.thesimpledollar.com/decons...
...more

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Apr 30, 2010 Audrey 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 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 climbing the corporate ladder. At the same time, he also had a "second father" who taught him a different way to view things and how to start from scratch and build his business into an empire.

I am sure many of us can relate to the story on the part where we were being brought up the conventional way to become workers. As much as we don't wish it to be that way, ironically, the education system plays a very big part in educating our fathers and their fathers to be trained into workers instead of educating them and inspire them to become business owners. Ignorance of other available choices, we are trapped in a eternal cycle of working for money, saving up and spending on wasting assets that constantly drains our finances and loses value over time. Welcome to the rat race! Unless we learn and educate ourselves on personal finance, we will be unknowingly stuck with only one way of thinking, and passing that knowledge on to the next generation. Talk about vicious cycle!

The main point of this book is to educate yourself on personal finance, which is to learn how to become financially independent by making money work hard for you and not you working hard to earn every single penny. It teaches you that you do not have to be a slave to money and to turn the situation to your advantage. There is no need for you to work for another person if you do not want to, in order to fulfill what you want in life. You are in control of your situation and you no longer need to take orders from anyone. You decide how much work you need. You are your own boss!

This book has certainly made a huge impact on my life, why not read it and see if it will change yours as well? Make that difference now.

Review by Ben Ang

Article Source: Ben Ang
...more

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Nov 01, 2009 Angela Randall rated it really liked it · review of another edition

Shelves: american-author, essential-reading-for-teens, money, read-2006, gtd-lifehack-self-help, parenting-pregnancy-teaching, we-own, 1990-1999, i-own, young-adult-educational-material

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

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Jan 27, 2018 Archit 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.

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Jan 30, 2008 Jocylynn 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 ...more

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Oct 06, 2007 The other John 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 "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 worldview of the wealthy. In it Mr. Kiyosaki contrasts his own father--Poor Dad--who got a good education, worked hard, but never quite made it big, with the father of one of his friends, who was quite successful and took Mr. Kiyosaki under his wing. I was moved to read this book because, as I've been looking over my finances, I wonder if I might not have been doing things wrong. It turns out that I'm not totally off Mr. Kiyosaki's track. By the grace of God I've been able to avoid major debt and I tend to avoid transient luxuries such as fancy cars and the latest electronic gadgets. (Of course, my two year "vacation" overseas was hardly a wealth building choice.) On the other hand, I'm too lazy to work hard and invest my finances responsibly. I'm content to stick my excess cash in the bank and forget about it. So has the book changed me? I don't know. I don't need to be rich, but I sure do covet the financial independence that wealth can buy. Even while I recognize the wisdom that Mr. Kiyosaki offers, I couldn't really buy into his world view. I'm going to have to think about this some more before I make any lifestyle changes. Could I recommend this book? Well, it was an enjoyable read despite the fact that I find finances boring. But I have two big reservations about it. The first that it was written about ten years ago, in a different financial climate. The second is that Mr. Kiyosaki has other books and materials for sale. I sometimes wonder if maybe the unspoken secret to financial success is to get a lot of people to buy your books and attend your seminars. Caveat emptor! ...more

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Jan 05, 2021 Greta rated it really liked it

Yin versus Yang :)

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Aug 08, 2018 Girish rated it really liked it

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

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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

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Dec 04, 2014 Scott 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' ...more

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Sep 05, 2007 Meutia 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

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Feb 23, 2015 Anurag Vaishnav 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. ...more

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Aug 06, 2007 Spencer 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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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.

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Feb 22, 2012 Amanda rated it it was ok

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

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About Robert T. Kiyosaki

Robert T. Kiyosaki

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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)

Books by Robert T. Kiyosaki

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 Retire Young, Retire Rich: How to Get Rich Quickly and Stay Rich Forever!

The Business School For People Who Like Helping People

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Quotes from Rich Dad, Poor Dad

“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.” — 700 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.” — 586 likes

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