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 | Fantastic Book

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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

A Transformational Approach to Money

I really enjoyed the book "class="textlinks">Rich Dad Poor Dad". It was a new way of looking at money for me. This book narrated by Robert Kiyosaki tells the story of Robert's real father and his best friends dad. His real dad, "poor dad", worked for his money, while his "rich dad" had his money work for him.

Kiyosaki explains even a person with a lot of money in the bank can be poor, though they have financial wealth in the bank, they are still poor mentally as now they are afraid they are going to lose all their money.

I loved that Kiyosaki says "It's not what you make, it's what you keep" If you make $100K and spend $125k you are poor. "Rich Dad Poor Dad" teaches you to act like, be like and think like a Rich person instead of a poor person.

Another transformational book I really enjoyed was Being Here: Modern Day Tales of Enlightenment by Ariel & Shya Kane. It is a book of short stories that are inspirational.

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Fantastic Book

This book is amazing. I would recommend this to any at any age. I read this in High School and it changed my life. I now own a successful startup company and it is all thanks to the class="textlinks">rich dad series for inspiring me to NOT GET A JOB! I recently bought this for my 13 year old brother in law as well. It is not a HOW TO but rather a THINK ABOUT how to!

Money was once a bad word.

I would say class="textlinks">Rich Dad Poor Dad has had the most impact on my success and changed my financial thinking 100%. Rich Dad Poor Dad is not a "how to" guide, but rather, it gives you an idea of how rich people think, which is different from how I grew up thinking in my small town.

Once I read that book, I had a good understanding of how people start with nothing and become rich. This shifted my financial paradigm completely. And because of my new thinking, I began to attract more and more rich people into my life... Their influence completely reinforced the good context expanding content of Rich Dad Poor Dad.

While I am not yet financially free, Rich Dad Poor Dad DID change my thinking, which changed my actions, which changed my reality - all of which impressed the president of a financial company enough to hire me, which led to a company sponsored move to Los Angeles, as well as the confidence to produce a couple movies and start a successful, success oriented blog called WealthKick!

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NOT what the wealthy teach their kids. Good overall for novices and "In the Box" thinkers, but some BAD advice too

This guy is a poser. And, a snake oils salesman (of course one could aruge class="textlinks">that a successful snake oil salesman knows how to be successful - so in that sense, I guess he is not a poser). But that said, a good con man must mix truth with lies. He has some really good truths in here.
He is right on about the failings of our educational system to teach about money. I couldnt agree more. BUT. Once he successfully breaks down the problems he fails, for the most part, in providing sensible solutions. If the way "Poor dads" think is foolish, the way Kiyosaki thinks is specious (sounds good at first but falls aprt under scrutiny). This is great for selling books cuz, a novice will think he is a revolutionary genius but a millionaire will know he is not as brilliant as he sounds - in fact he sounds like a moron. I ran a small hedge fund with 50 million in assets, and average returns over 20% for 5 straight years. Then retired from Wall St (as a milllionaire) because it was too much of a grind. I put all my money into real estate (I also agree with him that real estate is - generally speaking - is the way to make your millions) and more than doubled it in 3 yrs. I read this because so many people raved about it. I loved his general crituque of the herd mentality of the poor dads out there, but regarding his thinking - while it aint herd mentality, it aint what the really smart and wealthy folks are doing.
Read it if you are pretty clueless about money or you suspect you might be a smart member of the herd, and it will get you thinking IN GENERAL about money in a better way (but there are better books out there for this). Then read other books to find out how to make money - now that you no longer are part of the herd.
Don't read it if you are a successful entrepeneur already. It is a joke.
BTW, I am rich and I dont teach my kids much of the stuff he claims that rich folks teach their kids, they would go broke.

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