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Rich Dad Poor Dad: What the Rich Teach Their…

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money - That the… (original 1997; edition 2012)

by Robert T. Kiyosaki (Author), Tim Wheeler (Narrator), Rich Dad on Brilliance Audio (Publisher)

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5,511991,221 (3.61)27
Title:Rich Dad Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!
Authors:Robert T. Kiyosaki (Author)
Other authors:Tim Wheeler (Narrator), Rich Dad on Brilliance Audio (Publisher)
Info:Rich Dad on Brilliance Audio (2012)
Collections:Your library

Work details

Rich Dad, Poor Dad by Robert T. Kiyosaki (1997)

  1. 00
    Financial Peace Revisited by Dave Ramsey (fulner)
    fulner: I really feel like Ramsey and Kiyosaki's works compliment each other. Kiyosaki's is actually more challenging and has more intellectual reasons of HOW and WHY things work, while Ramsey is more nuts and bolts "do this or you are screwed" and works on them heart strings. Get both, and stay out of debt.… (more)
  2. 00
    The Secret by Rhonda Byrne (Osko2k)

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» See also 27 mentions

English (89)  Spanish (6)  German (2)  Norwegian (1)  Portuguese (Brazil) (1)  All languages (99)
Showing 1-5 of 89 (next | show all)
Full of contradictions.. blowing its own toot.. but atleast a few things in terms of advise are good... give it an hour or so maximum... he repeats everything soo many times through the book that if you just read the first and last page of each chapter you would know everything that the author has to say.. and save yourself from author's braggadocios! ( )
  Mayank_Jain | Jul 28, 2019 |
You know it's a must read. Particularly more useful for someone at the beginning of their careers. There is a lot of stuff that we need to unlearn when it comes to finance, simply because of all the implicit conditioning we are undergoing right from the time we were with our pacifiers.

Will read again, and this time taking some notes while reading. ( )
  ravipotter | Jul 23, 2019 |
One of the best books I have ever read as it tells about the thinking of rich people and poor people. ( )
  Shashankhegde | Apr 8, 2019 |
The book Rich Dad Poor Dad the book talks about the authors rich dad and poor dad. Before we get in the book his rich dad isn't really his dad he just calls him that since he teaches him about money; his poor dad is his real dad because, he gives him bad advice on money.

The book starts off with Robert seeing that a kid at his school had a party but the kid only invited the rich kids. When Robert arrived home he asked his dad how could he be rich. The dad looks at him and says you have to keep working and you should start off working at a early age instead of waiting until your 18 to get a job because, if you wait until your 18 you will not be prepared when you live by yourself. It states when the teenagers become adults they have a lot of mail which says get a credit card today. Since the kids never had a job or any money they will get a credit card and max it out. Credit cards can mess up your life by making you go into serious debt. Also it states you shouldn't give kids allowances you should make them actually work for their money since it gives them feel for the real world. You should never have more liabilities then assets because, you want assets to overpower your liabilities. Robert finally figures that even if you have a high GPA doesn't automatically make you rich. He makes that theory since the schools don't talk about credit cards.

In the adult portion in the book it talks about how you spend money on your kids when you don't even have to. If you have no money and your kids are hungry don't go and just use your credit card so that you could please your kids just go home and make them something else. The main reasons most people are in debt is wants, and college. Now that you paid your debt off if you don't got any kids the key to making money is to keep working but, you don't just keep working you need an emergency account and a savings account. You should at least put 25% of your money per month into the emergency account and with the savings, all the money that you had left over goes into your savings account. If you have kids you want to put 20% in the emergency fund, 25% into savings and 20% into college fund. You shouldn't want your kid to have everything because, that will start to make him/she lazy and keep asking you for money instead of working where they should be at the age of 16. If your kid is 18 and living with you and not working or looking for a job you should kick them out since they are adults. By investing into stocks you will get more money for an example if you buy stocks into apple if the sales go up you want to sell that stock so that you could get more money then you invested in and wait for it to lower so you could invest in it and get more and more money. ( )
  AsaJ.G3 | Jan 12, 2019 |
** spoiler alert ** Really loved the smooth flow of the book and explanatory nature, although a lot of emphasis is on two things either starting a business or entering into real estate, which everyone may not want to do. Also immensely liked the world view that 4 months out of 12 we work for government and rest for ourselves. Really powerful insights. ( )
  Varun.Sayal | Nov 15, 2018 |
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» Add other authors (2 possible)

Author nameRoleType of authorWork?Status
Robert T. Kiyosakiprimary authorall editionscalculated
Lechter, Sharon L.main authorall editionsconfirmed
Hoye, StephenNarratormain authorsome editionsconfirmed
Biseth, DagTranslatorsecondary authorsome editionsconfirmed
Meskó, KrisztinaTranslatorsecondary authorsome editionsconfirmed
Panster, AndreaÜbersetzersecondary authorsome editionsconfirmed
Sau, SiiriTÕlkijasecondary authorsome editionsconfirmed
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This book is dedicated to all parents everywhere, a child's most important teachers.
First words
I had two fathers, a rich one and a poor one.
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(Click to show. Warning: May contain spoilers.)
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Haiku summary
"How I got rich" is

the book's main theme, with folk-y

stories to prove points.


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, 12 Mar 2015 18:14:30 -0400)

(see all 8 descriptions)

Taking to heart the message that the poor and middle class work for money, but the rich have money work for them, the author lays out a financial philosophy based on the principle that income-generating assets always provide healthier bottom-line results.

» see all 20 descriptions

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