- Paperback: 178 pages
- Publisher: Plata Publishing (23 Jun. 2011)
- Language: English
- ISBN-10: 1612680003
- ISBN-13: 978-1612680002
- Product Dimensions: 15.2 x 1.4 x 22.9 cm
- Average Customer Review: 4.3 out of 5 stars See all reviews (779 customer reviews)
- Amazon Bestsellers Rank: 403 in Books (See Top 100 in Books)
Rich Dad Poor Dad Paperback – 23 Jun 2011
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More About the Author
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.
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 out of print or unavailable edition of this title.
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Top Customer Reviews
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.Read more ›
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.
The author goes on to discuss the mindset and mentality of the rich and what sets them apart from the 'poor and middle class'. He also explains that the best money-making tool we have is our mind and suggests that we need to train our brain to spot opportunuties that would normally pass us by. He clearly shows why the rat race exists and encourages the reader to make changes which will break the 'work-earn-pay' cycle.
The book is written in the form of a story of the author's childhood. It is very easy to read and you don't need to be a financial wizard to understand the theories. There are a few example of the author's dealings which require a little more attention. This may be partly due to the author's American origins and the reference to the American financial and tax systems.
You will not get quick rich from buying this book but it might just change your life. It's certainly changed my attitude towards my financial affairs and has encouraged me to pay much more attention to the financial implications of my lifestyle. Many of the suggestions appear to be common sense but I know from expensive experience that the easiest answers are sometimes the hardest to find.
It is a simple book to read, and requires no particular financial or academic background. However, the concepts introduced are very powerful, and, if taken to heart, life changing. The book traces the author's life from the age of 9, comparing the financial teaching that he received from his own, highly academically intelligent, real dad, and that of his friend's, financially intelligent, dad. Having experienced first hand the teaching and upbringing resulting from both of the dads, he is able to reflect on how they differ and how these differences have a profound effect on financial wealth.
The book is written from an American perspective, but the concepts and ideas are universally applicable, certainly in all Western societies. It explains how the poor and middle-class pay much more in taxes than the rich and how most people, including many of our advisors, do not understand the difference between assets and liabilities. He makes good use of simple diagrams to explain the relationship between income, expenditure, assets and liabilities.
RK firmly believes in education, but also believes that the education system does not teach financial intelligence.Read more ›
Most Recent Customer Reviews
This is a very good read. It was good for the beginning of the year as it then gets you looking into other areas in order to expend on ones financial knowledge. Read morePublished 5 days ago by Gumisai
If anyone doesn't know how to count his money there is no way it will stay with him.
This book is a MUST!
I cannot tell you how much this book has enlightened me... My life will never be the same again. Greeat book !Published 10 days ago by N.G
Received the book which was very discolored on the edges and had a sticker from a charity shop on it for 99p. Read morePublished 12 days ago by Dave T.