69 of 79 people found the following review helpful
Total fluff - Also total fiction,
This review is from: Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money: What the Rich Teach Their Kids About Money That the Poor and the Middle Class Do Not (Paperback)
This book has very little real substance. Often what he says is very misleading or utterly contradictory to his own ideas. From an investors perspective, it has some very bad advice regarding high risk investment.
The most insulting thing is, is that the books many anecdotes are passed off as the truth. In fact Rich Dad and his lessons are entirely fictional. A quick web search will prove this. Kiyosaki repeatedly lied about this to the media and only recently conceded that rich dad is as real as Harry Potter is.
If you want to read a rant against educated people you may enjoy this book. Or enjoy the author bragging about his fictional business deals. Other than that he makes about 6 valid points in the whole book. Points that could be picked up off the net in a matter of minutes.
Its important to note the author didn't get rich investing, he got rich selling books and seminars. the only thing I learnt from him is how to mislead people to trick them out of their money.
Also ... for the record, buying a house (with a mortgage) will *not* tie you into the rat race. Being well educated *will* make you more money and allow you to retire early. Diversifying your investments *IS* a good idea... buying this book is not.