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Rich Dad Poor Dad [Paperback]

Robert T Kiyosaki
4.3 out of 5 stars  See all reviews (460 customer reviews)
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Book Description

23 Jun 2011
Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - his two fathers. This text lays out Kiyosaki's philosophy and his relationship with money.

Frequently Bought Together

Rich Dad Poor Dad + Rich Dad's Cashflow Quadrant: Guide to Financial Freedom + Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and Middle-class Do Not!
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Product details

  • Paperback: 178 pages
  • Publisher: Plata Publishing; 2nd edition (23 Jun 2011)
  • Language: English
  • ISBN-10: 1612680003
  • ISBN-13: 978-1612680002
  • Product Dimensions: 22.6 x 15.2 x 1.5 cm
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (460 customer reviews)
  • Amazon Bestsellers Rank: 420 in Books (See Top 100 in Books)

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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 --This text refers to an out of print or unavailable edition of this title.

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) --This text refers to an alternate Paperback edition.

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Customer Reviews

Most Helpful Customer Reviews
138 of 144 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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13 of 13 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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90 of 97 people found the following review helpful
3.0 out of 5 stars Interesting BUT be cautious� 10 Dec 2003
Format:Paperback
When I found this book and read some of the reviews I thought WOW!!! But after reading it and doing some research on the internet I found that this writer (Kiyosaki) has been a bit of a shady character...do your own research via google or any other good search site.
The book has some fundamental truths about finance and the idea of becoming financially literate should be on every ones list. But there is no easy or quick way to become rich. When reading the book take a big pinch of salt as to the historical/factual truths he presents. It has some common sense ideas mixed in with conflicting fanciful tails of money making methods. In fact, the book is a bit mixed up around!
The book contains an Interesting bunch of ideas and thoughts, it may get your brain thinking about money, investment and assets but beyond that you gain nothing solid.
Anyway, read it if you wish but do your research and remember nothing is easy about making money...
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74 of 81 people found the following review helpful
1.0 out of 5 stars A Trashy Book from Property Boom 12 Jun 2011
Format:Paperback|Verified Purchase
Sharon Lechter was introduced to Robert Kiyosaki by her husband, a patent lawyer. Koyosaki wanted to patent an educational game called "Cashflow" aimed at improving what he calls young peoples financial intelligence.
One thing leads to another and they eventually collaborated in producing this book which is essentially a financial biography of Kiyosaki. The Rich Dad, Poor Dad of the title are his real father, the superintendent of education for Hawaii (poor) and the businessman father of a schoolfriend (rich).

He says that at age 9 he decided to follow the advice of his rich dad and contrasts it with the advice of his poor dad throughout the book.

For example, poor dad says, "Love of money is the root of all evil", but rich dad says, "The lack of money is the root of all evil" and he follows rich dad, making the money but proving that his poor dad was right on the moral aspects.

Rich dad says, "The rich don't pay taxes, that's only for the poor and middle class", or Kiyosaki; "In real estate I make an offer with the words, "Subject to approval of my business partner" ...... and if they accept the offer and I don't want the deal I call my (non existent) business partner"

And rich dad again: He hugs a manageress in one of his shops and says that she is like a mother to him, then in the next breath gives a warning that "you'll wind up like Mrs Martin". He could have said that he respected her for her loyalty and good work but he clearly doesn't.
If Kiyosaki had been aboard the Titanic you would have found him hiding behind the women and children in the first life raft, but in non critical situations he has some useful things to say about financial management.

His idea that an asset is only an asset if it makes you money is a good one.
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Most Recent Customer Reviews
5.0 out of 5 stars Great product
The product that i received was in good condition, never thought that it would be so cheap and cheerful; I m lovin it.
Published 3 days ago by Manav
5.0 out of 5 stars Amazing Book and has changed my mindset
This is a very good book. It is informative, educational and motivating.

I would definitely recommend it if you want to change your lifestyle and if you want to become... Read more
Published 8 days ago by Virgo2000
5.0 out of 5 stars Brilliant read!
Fantastic book! One of my best reads so far. Changes my whole perspective on investing and assets. Now onto cash flow quadrent!!
Published 10 days ago by Chloe Cahill
5.0 out of 5 stars Amazing and mind blowing
The best financial education I have ever received
So intriguing and well written to capture the reader's attention.
Thank you Rob.
Published 10 days ago by Dr. Hassan Hawa
5.0 out of 5 stars Inspiring
This book is a 'must read' - excellent financial literacy education.- and then the advice acted upon. Good common sense.
Published 13 days ago by Lesley Nell
3.0 out of 5 stars Good Book
Good book, but still based in a paradigm which is on it's last legs. Read something like 'The Compass of Zen' or 'The Power of Now' and you'll wonder why you ever thought you... Read more
Published 17 days ago by Michael Rhodes
5.0 out of 5 stars Stunning
As far it is one of the most inspiring and motivating book I've read. It is a must book.
Highly recommend
Published 20 days ago by Toma Bonev
5.0 out of 5 stars Read it before you are 21 years old - you will not regret it!
This book will change your thinking about the value of money and how to improve your own situation with the decisions you make - never to late to read it and always worth reading... Read more
Published 23 days ago by Ruth Kemsley
5.0 out of 5 stars Brilliant
The purpose of the book, according to Kiyosaki, is to teach or encourage financial literacy. The way he goes about doing this is through six simple lessons explaining a very... Read more
Published 27 days ago by A reader
5.0 out of 5 stars Favourite Book
This is by far one of my most favourite books, really challenge my though pattern and really change my outlooks and got me re-in touch with what I want.
Published 27 days ago by Nosa jason Iriowen
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