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Rich Dad Poor Dad
 
 

Rich Dad Poor Dad [Kindle Edition]

Robert T. Kiyosaki
4.3 out of 5 stars  See all reviews (517 customer reviews)

Print List Price: £11.99
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Product Description

Amazon Review

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 is nonetheless a compelling advocate 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 the former might be acquired so that the latter eventually can be shed. --Howard Rothman, Amazon.com

Review

'RICH DAD, POOR DAD is a starting point for anyone looking to gain control of their financial future' USA TODAY 'Robert Kiyosaki's work in education is powerful, profound, and life changing. I salute his efforts and recommend him highly' Anthony Robbins

Product details

  • Format: Kindle Edition
  • File Size: 1418 KB
  • Print Length: 207 pages
  • Publisher: Plata Publishing; 1 edition (25 April 2011)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B004XZR63M
  • Text-to-Speech: Enabled
  • X-Ray:
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (517 customer reviews)
  • Amazon Bestsellers Rank: #2,826 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
33 of 34 people found the following review helpful
3.0 out of 5 stars OK up to a point 22 Jan 2007
Format:Paperback
The best thing about this book is that the central message is very clear. Rich people put their money into ASSETS (items which grow in value/ generate income - e.g. stocks, shares, real-estate), whereas worse-off people tend to spend money on LIABILITIES (things that either depreciate or cost money to maintain - e.g. cars, clothes.... and your own house). So far, so good. The non-rich also waste money by (a) unnecessarily paying too much tax and (b) running up debts on credit (he says its OK to buy the flashy car/ boat etc., but only AFTER you've made money from investing in assets).

However my problem is that the practical advice is very US-centred, in particular some of the tax-avoidance techniques he proposes which are simply NOT legal in the UK (e.g. putting your holiday down as a legitimate business expense if you own your own company... I wish!). I would welcome a UK version of the book. On balance the style is engaging if repetitive (as with many US self-help books). A useful way to start you thinking differently, but I would have liked some more specific recommendations on where to go/ what to do to get started with some of the investment ideas he suggests.
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142 of 149 people found the following review helpful
4.0 out of 5 stars Not so common sense 2 Jan 2002
Format:Paperback|Verified Purchase
In order to enjoy this book, you'd 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. It's 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 wouldn't really be buying this book without wanting to earn a bit more dosh, would you? I'm glad I stuck with it, however, as he does temper this attitude as the book progresses.
You cannot argue with one Kiyosaki's 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 shouldn't 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 you've done that, apply your mind to making money if it interests and excites you. If it doesn't, 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.
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4 of 4 people found the following review helpful
4.0 out of 5 stars An eye opener for the middle classes 26 July 2009
Format:Paperback
I bought this book, which seems to be a bit of a modern-day classic, on a recommendation. Like Allen Carr's giving up smoking book (worked for me, by the way - Allen Carr's Easy Way to Stop Smoking: Be a Happy Non-smoker for the Rest of Your Life (Allen Carrs Easy Way)), the tone may not be to everyone's taste but the message is clear enough. And while that message may not be utterly revolutionary (live off your assets not income - who hasn't dreamt of winning so much on the lottery that they can live richly off the interest alone?), this book contains just enough enthusiasm, anecdote and "this is how to do it" to whet the appetite of anyone who thinks more than most about how they're going to get rich.

However, it is a thin read, light on detail, in places cringe-worthy ("listen more than you talk, that's why God gave us two ears and only one mouth"!) and sometimes morally in a grey area (see sections on insider trading and tax avoidance, note: not evasion). But overall, as someone who has always had an entrepreneurial streak but felt a bit out of the water in the business world due to an "arty" background and a solidly middle-class upbringing, I found this book to be a window into a different mindset.

It has inspired me to read more of the Trumps, Sorells and Buffets of this world, and also to do something about trying to put a bit more of what I earn to work doing things that may reward me more richly down the line.
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3 of 3 people found the following review helpful
5.0 out of 5 stars I CANT RECOMMEND IT ENOUGH 12 Aug 2014
Format:Paperback
This Book Honestly has changed my financial life! End of Many read it put it away and think it's no good, well not for me, I first read this 7 years ago after struggling and i mean really struggling for years Infact more than a decade, i won't go into detail but the finishing point was loosing a commission only job because of the recession having tens of thousands of debt, no credit line, no income huge mortgage to pay wife and child to support, from a poor working class background my financial skills were non exhisant, hence being broke for a decade and now about to loose everything! well thanks to studying this book and the follow ups my mindset changed, i followed the tips, and 7 years on ive paid off all my bad debt myself, kept up with all my payments, made some small investments, have savings, started a small business, live well (although not Rich yet) i'm well on the way and this is still a recession! It can be done from any starting point and 7 years more maybe i will be rich but without starting on the path with this knowledge i have no doubt i'd still be in debt and struggeling probably miserable. Do yourself a massive favour, Buy this Book! take some time out to read it cover to cover, then read it again following the tasks, buy the 2nd book and do the same, then the 3rd you'll have enough info and tips from those 3 books to sort yourself out, join his website, use the worksheets, be honest with yourself don't buy the expensive courses unless you hve loads of income you don't need them, play the free webgame you learn loads, i still play it, GOOD LUCK ITS WORTH IT!
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Most Recent Customer Reviews
5.0 out of 5 stars Five Stars
A must read for all ages
Published 9 hours ago by Kenny Aro
5.0 out of 5 stars goood
amazing changed my life.
Published 3 days ago by Mohamed
5.0 out of 5 stars Five Stars
Great book
Published 4 days ago by Eugene L.
5.0 out of 5 stars Invaluable. This book has fired up my 'financial intelligence' ...
Invaluable. This book has fired up my 'financial intelligence' furnace into taking ACTION to obtain ASSETS rather than the normal financially blood thirsty traditional items in... Read more
Published 6 days ago by nick lawrance
1.0 out of 5 stars I think this book is a waste of money
For the first ever time I feel compelled to write a review about a book. I think this book is a waste of money, there are thousands of words dedicated to a few very simple... Read more
Published 6 days ago by mr m s sutton
4.0 out of 5 stars The writing style is very slow yet I can't deny ...
The writing style is very slow yet I can't deny that I've learned a fair bit about personal finances. Read more
Published 8 days ago by Martyn Bennett
5.0 out of 5 stars Five Stars
good
Published 10 days ago by Mr. Andrew Malcolm
1.0 out of 5 stars Don't buy it.
One of the worst books I've ever read. In fact I didn't finish it.
Published 10 days ago by M. Garcia Martinez
5.0 out of 5 stars Good Book.
Tells you how to...? The basics which you know & the one's you don't..! Tells you bluntly how to manage money, the do's & the don't..! Good Book.
Published 10 days ago by Navdeep
5.0 out of 5 stars Best buy
love the product, I would recommend this book to anyone and everyone. its is full of practical advice and principles
Published 11 days ago by Colin Woods
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This book teaches kids about money the right way too! 0 11 Feb 2012
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