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Loading... Rich Dad, Poor Dadby Robert T. Kiyosaki
poorly written, seems! very informative, can it be put into practice? seems like just one more financial advice book that only works because so many other people don't do what he suggests -if everyone did it, it wouldn't work Kick in pants: much needed. Very inspiring and eye opening. This book is one of the things I have been searching for. Answers to my questions that has been bothering me for more than a decade has been finally made clear. This book should be read by many a student to be able to face a future where employment seems to be the only answer to financial problems in life. It's very easy to understand and very easy to follow. I hope to read more of Kiyoaki's works in the future--especially those that concern the sophisticated subjects of investment and business management. It's a book that one should never miss reading in a lifetime. A very interesting book with a new perspective in what constitute wealth and what is really an asset for a person. Kiyosaki may be optimistic and make it sound just too easy, so the book may lose perspective, but as he recognizes, being rich is an attitude but you need also education, and he ping points other resources to get that education. no reviews | add a review
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The point that in practical terms "assets put money in your pocket; liabilities take money out of your pocket" seems a very important one. Thus, the house you live in is a liability (you pay the mortgage, maintenance, property tax, etc) while the house you rent out is an asset (you gain rent). Not that owning your own house is therefore a bad thing, but it's not putting money in your pocket so if your goal is to get rich then buying a bigger one isn't going to forward your goal.
But it's hard to get past the fact that it would have been better titled "Rich Dad, Average-income Dad". Occasionally the author acknowledges that people who are really poor can't choose to save money; but ultimately the book is aimed at the kind of person who's got a secure job, would be perfectly comfortable if they didn't keep trying to keep up with the Joneses, but wants to know how to get rich so they could keep up with the Joneses after all. (