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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the… (1997)

by Robert T. Kiyosaki, Sharon L. Lechter

Other authors: See the other authors section.

MembersReviewsPopularityAverage ratingMentions
7,2291411,102 (3.6)36
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.
  1. 10
    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 36 mentions

English (128)  Spanish (5)  German (2)  Norwegian (1)  Portuguese (Brazil) (1)  French (1)  Italian (1)  All languages (139)
Showing 1-5 of 128 (next | show all)
Great ( )
  Azmir_Fakir | Oct 10, 2022 |
Otro de autoayuda barata ( )
  Alvaritogn | Sep 19, 2022 |
student ( )
  Nadia678 | Sep 12, 2022 |
Reading Rich Dad, Poor Dad is an amazing investment of time. You get more returns than your investment the moment you start devouring page after page of this book. For the beginners who desire to achieve economic prosperity, Kiyosaki offers workable insights based on real life experiences. It teaches us ideas about applied economics that should have been taught to us in schools or at home. The principles of financial literacy- Accounting, Investing, Understanding markets and relevant laws are explained in a way that even a layman can fully relate to them. The author emphasizes the importance of sound finances for a better meaningful life. He argues that while one may be academic genius, a topper, a gold medalist, there is every possibility of ending up as a failure without financial know-how. The book teaches the difference between assets and liabilities in a way we never imagined. The author says that while the rich invest in assets and let money work for them, the middle class invests in liabilities naively considering them as assets and work for money. For example, expensive house/car is a liability for rich and an asset for the poor. The rich take risk, but the poor always play safe when it comes to investment and returns. The rich create assets to pay their expenses, the poor balance income and expenses without ever pondering about it. The difference, the author says lies in thinking. "If you have to invest in something, invest in financial literacy", the author asserts. It is lack of financial literacy that middle class salaried people think Mutual funds as a safe option for investment, reposing more faith in the fund manager than their own understanding of finances. All this, the author mentions, was taught to him by his rich dad, a man whom he met in childhood. The Poor Dad tells him "I can't afford it", while as Rich Dad teaches him "How I can afford it." This difference of mindset between the two Dads emerges from an understanding of finances. He expects his experiences will help others in arriving at better financial decisions.

However, i would like to add that after reading this book, i also read The Richest Man in Babylon by George S. Clason. First of all, Clason's book is a masterpiece. I don't know why people who suggest things like 'five books you must read before you die' never bother to mention Clason's book. You can't compare Clason with any other author on the same subject when it comes to language, expression, thought and message. Infact, after reading Clason, i thought for a moment that Rich Dad Poor Dad is inspired to a great extent by the theme of the Clason classic.
I would suggest reading this book.

Thank you. ( )
  zarmin__waseem | Sep 12, 2022 |
The overarching theme of Rich Dad Poor Dad is how to use money as a tool for wealth development.
  Mushama | Sep 10, 2022 |
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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.
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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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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.

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"How I got rich" is

the book's main theme, with folk-y

stories to prove points.

(legallypuzzled)

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Hachette Book Group

4 editions of this book were published by Hachette Book Group.

Editions: 0446677450, 1586210912, 1570429596, 044656740X

 

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