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Rich Dad, Poor Dad by Robert T. Kiyosaki
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Rich Dad, Poor Dad

by Robert T. Kiyosaki

Other authors: Sharon L. Lechter (Author)

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3,965571,185 (3.6)22
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English (53)  Spanish (3)  Norwegian (1)  All languages (57)
Showing 1-5 of 53 (next | show all)
There are a few interesting and useful ideas in here, if you can get past all the pull-yourself-up-by-your-bootstraps waffle. (And much of the book really is repetitive waffle.)

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. ( )
  zeborah | Jun 5, 2013 |
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
  FKarr | Apr 4, 2013 |
Kick in pants: much needed. ( )
  JetSilver | Mar 31, 2013 |
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. ( )
  TsumiNaBara | Jan 30, 2013 |
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. ( )
  m_cyclops | Jul 22, 2012 |
Showing 1-5 of 53 (next | show all)
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Author nameRoleType of authorWork?Status
Robert T. Kiyosakiprimary authorall editionsconfirmed
Lechter, Sharon L.Authorsecondary authorall editionsconfirmed
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Amazon.com Amazon.com Review (ISBN 0446677450, Paperback)

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. --Howard Rothman

(retrieved from Amazon Thu, 03 Jan 2013 06:20:46 -0500)

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Argues that a good education and a secure job are not guarantees for financial success, and describes six guidelines for making money work for you.

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