Product ReviewsRich Dad, Poor Dad by Sharon L. Lechter and Robert T. Kiyosaki (2000, Trade Paperback, Reprint)

interesting but unrealistic too

We bought this book several years ago on the recommendation of someone we know.. It was interesting. I bought it again to give to my grandson, but am rereading it to see what I learned the first time. It has some good points but it is somewhat not realistic Most people or a lot of people will have to work from someone else rather than being self employed and getting super rich. The main thing that I will take away is that most people are more interested in buying things that are not assets. Public education he says is not teaching financial literacy which is true BUT the public school is not supposed to teach everything, you can not undo what is taught at homeRead full review...

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Rich Dad Poor Dad

Probably could share the message in 15 pages. In my opinion, there is too much fluff and filler. Basic message is to look for opportunities to make money and be your own boss. The underlying theme of the message is good. Again, this is only my opinion. Read full review...

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Unusual Perspective on Money - Very Inspiring

The first time I picked up the book I only read a few pages.... It sat for months before I started again. So I would have to say the beginning is a little slow. It also depends on whether you are interested in changing your life. At that time I was not concerned about my financial status and figured I was well enough off.

When I finally read the book in earnest I found it motivational and inspiring although a little lacking in details. The ideas and principles taught can be life -changing if you are ready to accept a non-traditional viewpoint.

Kiyosaki teaches against the doctrine of go to school, get a job, work hard for 30 + years and hopefully social security, your companies retirement plan, and your 401(k) will keep you above the poverty level when you retire.

He teaches you to make your money work for you rather than you working for your money.

The diagrams were very simplistic and not very useful. They seemed to be a way to take up space so the book would appear thicker.

Even though I found a lot of negative points, I still think it is a valuable book and I recommend it to anyone looking to change their financial outlook.Read full review...

how to understand the 'system'

This book opened my eyes to how the 'system'works to help the rich become richer and the poor to stay poor.It simply explains how those in power have deliberately 'rigged' things to benefit themselves, but if you are aware of the things that have been done you can use them for yourself to gain wealth.This is not a'get rich quick' book,it is more about deciding to use the laws the same way the rich do-start a buisness,save on taxes,invest in things that will increase your net worth rather than'spending'your wealth prematurely.No specifics on getting rich,but more about your attitudes;beliefs;and behavior's when it comes to money.My net worth has increased by 3x's since first reading this book(and the rest of his book's)about 4 yr's ago.I recomend reading them,just don't expect things to be easy and simple because you read a book.It takes work and thought to become wealthy.But it will give you some guidelines to follow.Read full review...

A read for everyone who wants to keep it super simple when it comes to making money work for them.

A read for everyone who wants to keep it super simple when it comes to making money work for them.
The book spreads the experience of the author to compare his wealth experience be tween too fathers. With simple pictures, shows how one is able to accumulate assets, while the other feeds into liabilities. The argument which one's home is a liability is well versed, proving the need to acquire rental property and run it as an asset. The reading is smooth and quick, even my two year old is able to sit through it. Read full review...

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Change your viewpoint, change your life

This book changed my life. Instead of drearily trying to "make ends meet," I am now, every day, thinking, "How can I make my money work for me?"

Sounds very elementary--but when you're coming from the standpoint of simply trying to survive from check to check, wondering how you're going to buy groceries--this is revolutionary, or it was for me.

See, here's the thing: I forgot that I was in control of those pennies.
"Rich Dad, Poor Dad" helped me see everything differently, and now, a month and a half later, I actually have money in a money market account, AND I have $200 invested. It's not much, but it's working for me--it's earning interest.

Previously I'd been stashing cash in a jar, and I was actually pretty proud of that. Sure enough, though, something'd come up and I'd need that money, and I'd be stuck starting over with nothing. Getting nowhere.

Even if I add nothing to this money, it's working for me. Through sharebuilder, a discount broker online, I can add as little as $10 at a time. It all adds up.

The author talks about the difference between rich people and poor people---one chief difference: the rich pay themselves first.
What!
As it turns out, when you pay yourself first, that money of yours--its interest--will eventually be enough to pay your bills.

Another chief difference: poor people tend to think their home is their biggest investment, and it's actually a liability because it doesn't make you money.

I enthusiastically endorse this book. the only reason I didn't give this book a 5 star rating: sometimes he sounds like a kindergarten teacher. I felt patronized at times.

The book's message outweighs the tone, though. I highly recommend this book.Read full review...

Rich Dad Poor Dad Robert Kiyosaki: Chris Swain's Input

Rich Dad, Poor Dad by Robert T. Kiyosaki, Sharon L. Lechter (2000)is a very good book to learn concepts that will help to enlighten your wealth. Rich Dad is a very good profile to model to become rich. Poor Dad deserves a bit more credit than given in my opinion because knowledge is crucial to forming of wealth.

Most wealth coaches have this epic book in their arsenal and recommend it to their clients. For that reason alone, the Rich Dad series deserves kudos. In my opinion, as a wealth coach it is a great first step to achieve your goals to becoming rich. However, Robert does make it sound a bit too easy at times. Remember that nothing worth-while is always easy.

Good luck on your voyage to true wealth.

Chris Swain
Wealth CoachRead full review...

Solid non-fiction framework with fiction illustrations

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.Read full review...

This book is amazing. It gives actionable steps to increase wealth without waiting years for results.

This book is amazing. I read it in 2 sittings and then read it again. The author has a unique view and proves (to me, anyway) his point. I took away several ideas that I intend to put to use right now. The seller was great, the book arrived on time and was in better condition than I expected, since it was used.Read full review...

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Rich Dan, Poor Dad by Robert T. Kiyosaki

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.Read full review...

Rich Dad, Poor Dad is an excellent path to greater financial security!

I read this book many years ago and now that my son is grown and earning I want him to read this. The advice is well explored and delivery is excellent! I would recommend this book to investment club members, young earners and anyone looking for higher yields in investment situations!Read full review...

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