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|Rich Dad Poor Dad : Robert T. Kiyosaki, Sharon L. Lechter (Paperback, 2000)|
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|Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor an|
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Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. amazon.com
Robert Kiyosaki is probably the most popular teacher / advisor when it comes to personal finance and real estate investment; and for good reason! He knows exactly what he is talking about and teaches it in a way that makes his stories easy to relate to no matter what your present financial situation is. Once you pick up this book you won't want to put it down AND you will want to by the rest of his books too! I'd also highly recommend listening to his CDs and watching his educational videos too!
If you are going to get into Robert's teachings I highly recommend reading this book first. It's the basis for everything he talks about. It'll make reading the rest of his books much easier. Poor dad is like 95% of everyone while rich dad is like the wealthiest 5%; learn how to become a part of the top 5%. Learn why the rich get richer and the poor get poorer so you can change your situation now. Stop being lead around by others and take control of your money with Robert's info!
I give Robert's books my highest recommendation!
It was several months ago that I read this book, "Rich Dad Poor Dad", which is I think, really great. Rich Dad ideas are enlightening, aspiring so much. It mentioned assets vs liability, income vs expense. Rich dad said that your house is not an asset, but liability, as the house is taking money out of your pocket instead of puting money into your pocket. Rich dad also said that the biggest asset is your brain and your time. People must strenghen their mind and finance intelligence so that they may get out of the so-called "Rat Race".
The author of the book, Robert Kiyosaki, who is the 4th generation of Japanese, remind everyone of "mind your own business".It makes sense. All in all, it is a good book that is worthwhile.
Since reading the book Robert Kiyosaki co-wrote with Donald Trump, I wanted to read more about making money. This book is the advise that Robert Kiyosaki's "rich dad" gave to him. The advise is very good and inspiring for the reader. It won't make you rich, but it will encourage you to go out and make an effort to improve your skills and knowledge in order to make money work for you instead of the other way around. It was interesting to see the different points of view between the "rich dad" and the "poor dad". I would venture to say that most of us received the "poor dad" type of advise growing up. It was very familiar advise to me. Getting a look at the other side was good and gave me a lot of food for thought. I really enjoyed the book and would recommend it to anyone interested in the advise of a wealthy individual. Two things I learned through this book were: 1. The way we look at things is very important to accomplishing or failing at making money; and 2. That fear is one of our greatest obstacles to success.
Before reading this book, I had no answer to the question why the children of rich parents are rich and the descendants of poor people are poor, and why poverty is eternal while broke is temporary. I didn't know why rich persons quickly recover from bankruptcy while poor people even winning millions in a lottery sooner or later revert to the poverty again.
This is the first book I ever read that clearly and briefly provides the response to the question. What differs rich from poor is not how they earn their money but how do they spend their money. Rich people spend all the money on money-generating assets, and the rest is kept for luxury like big houses or nice cars. Luxury is merely a reward for a high cash flow from the assets. Not enough money comes from the assets - no luxurious toys. Poor is the opposite - they buy liabilities like a big house and a powerful car which besides mortgage and credit payments require a big sum of money to upkeep them. Thus the poor class is always in debt and is deprived of money required to purchase the sources of income.
The most of the case vignettes of the book are fiction, and the author warns not to follow them literally but to use them as a source of inspiration and imagination and always use your own brain and your own judgment. Do not treat this book as the author's biography, as it may have seemed so. When I read a chapter about the childhood of mr. Kiyosaki and his next-door playmate, Mike, I've found so much interest, stimulation, liveliness and variety in this section that I've instantly realized that it is a literary work of imagination.
Because of the author's excessive mixture of real names and thought out cases, some people may conclude that mr. Kiyosaki is trying to trick or deceive them (e.g. "John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad"). Please do not think this way about "Rich Dad Poor Dad", just treat it as a solid non-fiction framework with fiction illustrations.