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Rich Dad Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Audio Download – Unabridged

4.4 out of 5 stars 996 customer reviews

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By RLLW TOP 50 REVIEWER on 10 Jun. 2016
Format: Paperback Verified Purchase
Anyone in business or any entrepreneurs out there must read this original book from Robert Kiyosaki. It really is inspirational. This is the third time I have read this book and I enjoy and learn something different each time. There are lot of similar books out there that tries to imitate this one, please get this one first and then the other titles that the same author has written. It will change your mindset and never fails to motivate. The author tells a story of his hard working Teacher Dad always worked hard at is job while his earnings were worth less and less. He compares this to his friend's Dad who was a self employed entrepreneur and worked less and less while earning more and more. One Dad worked hard for his money while the other Dad made his money work hard for him. Kioysaki shows the difference in thinking between the two Dads brilliantly. Absolutely must read.
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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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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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By A Customer on 28 July 2003
Format: Paperback
In this short book Robert Kiyosaki distinguishes between the typical cash flows of the 'rich' and those of the poor and middle classes. He goes into some detail as to how they achieve this and how you can achieve it yourself; simply by ensuring that you live well within your means and consistently build on your assets.
For such an easy read it touches on some deep concepts that one doesn't generally think about too deeply. Some great one liners inside to remember, along the lines of "Time is your most precious asset" with regard to compound interest, and "listening is more important than talking, which the majority of people don't understand. If God intended you to talk all the time then he wouldn't have given you 1 mouth and 2 ears" with regard to ones need to learn from those who are greater than oneself.
Unfortunately he does come across rather badly due to his high self-confidence from making his millions... he seems to have had a poor relationship with his real father (referred to as 'poor dad')- painting him in a negative shade throughout, and he occasionally comes across as fairly arrogant when talking about the middle classes and 'poor'... he somehow manages to bestow an image of utter stupidity upon anyone who doesn't own acres of land and real estate, and anyone who works for a living (if everyone was 'rich' and let out real estate instead of working, then who would rent the real estate or produce any goods to consume?).
This attitude of his all helps to hammer in the flowing theme of why one should not be financially dependant though, which is probably why it is a best-seller.
The other downer, in my opinion, is the way he talks about investment gains.
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