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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and the Middle Class Do Not
Little, Brown (
27 September, 2000 )
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Not so common sense  |
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In order to enjoy this book, youd best put your "capitalist pig" head on. The first sixty pages assume that the best thing you can do from the age of nine is apply yourself to making money. Play baseball? Baseball is for wimps. Its wasting precious time that you could be using applying your brain to thinking up money making schemes. It all started to irritate me, because there clearly is more to life than earning money - but then you wouldnt really be buying this book without wanting to earn a bit more dosh, would you? Im glad I stuck with it, however, as he does temper this attitude as the book progresses.
You cannot argue with one Kiyosakis opinions. Our (and the American) education system just does not teach you how to deal with personal finance. If it did, Barclaycard would be in receivership. Understand the value of a pound and make it work for you - it shouldnt be such a distasteful subject. Kiyosaki offers some basic common sense approaches that you could apply in order to make your money work better, but he often qualifies advice by stating the approach may not be right for you. Therefore step one could be Learn to Understand Yourself and Your Motivations. Once youve done that, apply your mind to making money if it interests and excites you. If it doesnt, fair enough. Perhaps the process will help you discover what actually does make you tick.
For those interested in making a stack, then the advice is again about learning. Choose who and what you learn from - teachers, friends, books, tapes, seminars. Look for new approaches. Find people who want to buy and sell something to them. Try to make your profit when you buy, not when you sell. Investigate stocks, real estate, whatever. Find people who can do a good job for you and reward them well. I especially liked his advice that youll only receive when you learn how to give, and as the book progressed Kiyosaki seemed to "lighten up" a bit more and came across a bit more human. In the later chapters he relates a lot more personal anecdotes and pithy tales about the upsides and downsides of trying to make money. Its not all a bed of roses, but it shouldnt be life or death either. Making money is just a challenge, and you should enjoy it. If youre successful, you can reap the rewards, even if thats choosing to donate it to other people or causes.
In summary, the book is an easy and likeable read. Im sure most people will get something out it on their road to understanding. Will this book make you rich? Of course not. The only thing that will do that, as the book constantly reminds you, is you, your brain and the action you take.
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Encourages you to work for a fine life & not live to work!  |
This book changes the readers perspective about money and risk related with pursuing riches!
It also openes our eyes about some hard truths. If we dont have our money working for us and multiplying, there is someone else using US and our money to multiply his, be it the bank, the government, your boss... whoever!
A stable job is not a proper solution these days (Even if you find 1).
Your house is not an asset because it doesnt generate income to you, it is the banks asset because that is to whom you are paying back loans and mortgages.
These and other stimulating examples and insights are presented in order to make you think like the rich do and challenge old thoughts accepted by the majority!I used to consider finance and accounting boring, incomprehensible, illogical and was never interested in studying such money related subjects.
Robert Kiyosakis "Rich Dad Poor Dad" as well as "Rich Dad cashflow quadrant" and "Rich Dads guide to investing" have changed all that! I now feel Finance is one of the most important subjects in my life, it can be fun if learned in the right way and found ecouragement in being more enterprenerial. I always wanted to start doing something, someday in order to be rich. This is how I used to feel while indulging in self help books! Roberts book was the missing link I have been waiting for. This book presents you with enough reasons to educate yourself about business and investing in order to take educated finacial risks. As a result I am already working to acquire assets that can generate money! Making mistakes will no doubt be an opportunity to learn important lessons in order to do better later on. Perhaps the only criticism I have for the book is that it illustrates many valuable concept but doesnt give practical hints. It still elightening though. Most people will agree that this is a good read. But I suggest it is a must read to anyone who really desires to work for a fine living (and retire rich) instead of living to work! Thank you Rob!
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Excellent |
I first read this book about 3 years ago and it totally blew my mind. As an accountant working in the City of London, I thought I knew the difference between an asset and a liability. Whilst some may criticize Robert for not giving specifics, I believe the book was written as a guide to those truly seeking financial freedom. Together with "The millionaire next door" RDPD helped me get out of debt in less than a year and set me on the road to acquiring assets. As the leader of an investment group, it is essential reading for all my partners and to date I have given out at least 30 copies (to the extent that I currently dont own one!!!)
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