Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do...

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! | Robert T. Kiyosaki, Sharon L. Lechter | Excellent Financial Knowledge

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Rich Dad, Poor Dad...

	Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! Robert T. Kiyosaki, Sharon L. Lechter Business Plus, 2000 - 207 pages average customer review:based on 2186 reviews view larger image
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highly recommended

Great Motivational Book Designed to Redirect Your Thinking

This must be one of the most controversial business books class="textlinks">that I have read. Many criticize Robert Kiyosaki's best selling book, stating that they doubt he has done any of the things that are written within its pages.

I began reading this book with an open mind. I feel that his writings are sincere and knowledgeable. Yes, he is cruel in his presentation of the Poor & Middle Class, but he is doing so for a reason, to illustrate the philosophies included within the book. He says that your home is not an asset, I can relate with this statement. Because he says that a true asset is one that provides income, although a home can be used as an asset for a loan, it does not provide income. In fact in many cases it sucks up your income through the need for repairs and improvements.

I feel that people are free to their opinions, but I think that many of the people who harshly criticized this book probably never read it, or if they did, they read it with their mind closed shut and unwilling to understand the teachings that Robert was attempting to pass along.

Lastly, Kiyosaki was criticized for his lack of detail in how he made his way to the top. The problem is that this book was not intended to be a detailed account of what he did to become successful. It was to open up your mind to the possibilities and opportunities that lie in front of each and everyone's face. Opportunities are everywhere and you must have the 'Rich Dad' mind set to take advantage of them.

I recommend this book and support the efforts of the rich dad team.

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Excellent Financial Knowledge

I first read this book back in 2002-Decided to do a review for it. This book is great for anyone seeking basic financial knowledge about the pros and cons of money. Robert Kiyosaki is the ideal student when it comes to learning from both his class="textlinks">rich dad and his poor dad. His style of writing is very educational and teaches his readers to learn to think for themselves:
"Most people use fear and greed against themselves. That's the start of ignorance. It is most important for you to use those emotions to your advantage and for the long term;and not simply let your emotions run you by controlling your thinking."

For example: A doctor, wanting to provide for his family, raises his fees. By doing this, it makes health care more expensive for everyone. Now, it hurts the poor people the most, so poor people have worse health than those with money.-Because the doctors raise their rates, the attorneys raises their rates. Because the attorneys' rates have gone up, schoolteachers want a raise, which raises our taxes, and on and on and on. Soon, there will be such a horrifying gap between the rich and poor that chaos will break out and another great civilization will collapse.

I strongly recommend this book to anyone who may be struggling(most people), during these crucial times of economic change. The author provides his readers with guidance that can help many families in the future. The way out of fear and ignorance is through the mind, by choosing our thoughts. Check it out-it can change your life!

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Great Book!

Great Book!

Very motivational and inspired me to keep driving my very funtional car - but class="textlinks">not a showpiece! Inspirational but lacks details for strategy. Concepts are very good.

Common Financial Advice Wrapped Within a Story

class="textlinks">Rich Dad Poor Dad became a best seller as a result of either introducing or reminding the masses of basic financial principals. The storyline is presented in a manner describing this advice from both a successful father figure with little schooling but ample street smarts, and a less successful father with an abundance of education but little financial sense. Given that only a small sector of society generally finds interest among dry financial books, the writing style undoubtedly also had a lot of influence on the success of this book.

Kiyosaki provides an adequate overview of assets versus liabilities and in depth explanation as to why assets with earning capacity are true assets while others that cost money to sustain (such as your home) are not. However, the message could have been given proper justice in a brief essay as opposed to a best selling book. The principle at heart, while true to the bone, is nothing more than what one would arrive at with a simple understanding of bookkeeping and common sense. Kiyosaki provides a lot of cliché with a story about his two Dads to attempt to add depth to the book, but otherwise the book provides little insight except perhaps to those with limited financial aptitude.

Kiyosaki is certainly a master marketer and undoubtedly made millions by marketing his books, so perhaps if there is a silver lining to the book it is that one might discover the genius behind how to market a book by reading Kiyosaki. Otherwise, look to the cliff notes on this book and save your time and money for a book that offers a more comprehensive study on finance.

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