I literally thought that this book was a novel, like one of those cheesy Mills and Boons. I finally read Robert Kiyosaki's book Rich Dad, Poor Dad this week and wanted to share my fresh review. BUT! The first chapter was great. Inane, self-righteous congratulatory drivel best left to the rubbish heaps. The reality is that money can be used to multiply itself, and build “geese that lay that golden egg” so you no longer have to work by obligation. I am not exaggerating. Book Review : Rich Dad Poor Dad. It highlights the different attitudes to money, work and life of two men (i.e. This book is very different from the others, in several ways. This is my short review of the book. On one hand, it is rather inspiring, in a John Madden sort of way. In the image below, you will be able to see what happens when you have just opened up Rich Dad Poor Dad Book … He calls this the “Robin Hood theory of economics”. After reading this book, your motivation to build wealth will not be a problem, and your drive to apply the lessons taught will be enough to launch you on a prosperous financial path. The most recent finance book I have read is "Rich Dad Poor Dad" by Robert T. Kiyosaki. So read the book Rich Dad, Poor Dad and set yourself objectives, and also take the plunge!, Most importantly, never lose sight of the fact that wealth is first and foremost an extraordinary life experience. In Rich Dad Poor Dad, Robert Kiyosaki gives firsthand personal experiences and explanations of the 6 main lessons he learned from his “Rich Dad” on how to build wealth. Sorry, but this book is a bunch of mumbo-jumbo BS. Drawing on his own experiences, Kiyosaki discusses how to create financial independence through investing, property ownership and building businesses. Rich Dad Poor Dad was written by Robert to be an all in one guide to wealth. As it is, the price is so overblown that there really should be no question as to whether it should work or not. So what exactly does this mean? I’ll quickly go through some of the very important points. You'll learn the facts as well as the 9 central lessons of this popular financial publication that will enjoy its 23rd Anniversary in 2020. This book shares the same fundamental problem that plagues most business how-to's (like. As a result of Robert’s work, me and my family have read this book repeatedly, and every time we come away with someone new that we hadn’t seen or didn’t remember. If you are seeking to learn how to make money work for you rather than be tied to your traditional 9 – 5 job for 40 years before you “might” retire, then there is no better book to start with than Rich Dad Poor Dad by Robert Kiyosaki. Robert responded by pointing to his book at the words “best-selling author”. One of the best books I've come across on financial education has been Rich Dad, Poor Dad by Robert Kiyosaki. Today he owns more real estate than anyone in the world at some of the busiest intersections. The rich don’t work for money, because they make their money work for them. Seems like a backward statement, but in reality, it’s spot on and a major reason why many families and individuals fail to build a retirement nest egg. The book starts out by taking you through Robert’s childhood where he describes his experience with his own dad, the poor one, and his friend’s dad, the rich one. Rich Dad and Poor Dad, eBook Version Free Download By Robert T Kiyosaki. Put Your Budget on Steroids with a Cash Flow Plan, 15 Dave Ramsey tips that will change your life, you will learn why “go to school, get your degree, and find a good job” no longer works the way it used to in order to build wealth, Lesson #1 – The Rich Don’t Work For Money, Lesson #4 – The History of Taxes And The Power of Corporations, Lesson #6 – Work To Learn – Don’t Work For Money. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred. Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing. He then processed the purchase of the home, while at the same time started advertising the sale of the same home for $60,000. Here are my thoughts of Kiyosaki’s best-selling book. Book Experience: This book Rich Dad Poor Dad was recommended by many of my peer groups and till now I kept it in the to-read list. His own father and the father of his best friend. I thought this book was great! Book Review Of Rich Dad Poor Dad 1316 Words | 6 Pages. Rich Dad Poor Dad Review. A Book Review on “Rich Dad Poor Dad” By Robert T. Kiyosaki KRISTOFFERSON C. SOLAMIN PILGRIM CHRISTIAN COLLEGE PROFESSIONAL EDUCATION SEPTEMBER 27, 2015 2. However, the concept of building wealth did not solidify in my mind until when I finished medical school. Way back, when I was in college, one of my teachers recommended this book to me as a must read before I started earning. As a result, I have a big gaping hole in my knowledge, and no idea about w. This book has a picture of the author on the cover. Generally, the personal finance community does not rate this book very high. Goodreads helps you keep track of books you want to read. In its pages, Kiyosaki and Lechter described the mentalities between two paths to wealth accumulation and why you should strive to become more like the “rich dad” instead of the “poor dad”. Rich Dad Poor Dad by Robert Kiyosaki is one of the top-selling books in the world.Written in 1997, the book focuses on the importance of financial independence and emphasizes the importance of building wealth through investments by comparing two fathers. Rhetorical and Biased. by Time Warner Books UK. Kiyosaki says that the rich think about money differently than the poor and middle class. Rich people make money work for them. I enjoyed it so much that I not only listened to it twice on CD, but also read the book itself. Regardless of the topic, subject or complexity, we can help you write any paper! One was highly educated and intelligent; he had a Ph.D. and completed four years of undergraduate work in less than two years. There is no magic to this than to strap up and get it done. You can read this book for leisure but it won't help much in managing your personal finance. In this book review, I want to share some of the most important lessons that I've learned from Rich Dad, Poor Dad. You might want to bookmark that summary for later, it ties in nicely with the current article – rich dad poor dad review summary. The reality is, money will not solve their problems, and will soon be gone as Robert teaches in Lesson 2. I should’ve considered myself warned. if they think that working is the way out let them work until their 65 years and i bet you that they will be sorry. Being frugal came easily to me based on my background. In it, you will learn the expounded details of each of the 6 lessons mentioned above, with actual real-life experiences that you and I can relate with on a more personal level. I am catering to the beginners – babies and toddlers in financial literacy. Wish I had read this way back! Rich Dad, Poor Dad by Robert Kiyosaki - Book Review This post may contain affiliate links. The Book in Three Sentences. This book is not just about money. Rich Dad Poor Dad Review. Could someone name some concrete financial books with steps or action points? his titular "rich dad" and "poor dad"), and how they in turn influenced key decisions in Kiyosaki's life.The book … Thank God I didn't waste money on the "classes". Like Ray Kroc, our focus should be on building businesses and assets that produce indefinite income streams resulting in choosing whether you want a job or not, since your income is not fixed and it continue to grow. It says “best-selling…” not “best writing…”. At the time he was living in a down market where housing was running cheaper than usual. Robert’s “Rich Dad” taught him the history of taxes, while his “Poor Dad” had the viewpoint that the rich should pay more taxes to give to the poor. Rich Dad Poor Dad Review. Ray responded saying he knew that they’d have that response, to which Ray Kroc corrected them and said “…I’m not in the hamburger business, my business is real estate.”. I felt a little heartbroken when I found out that most of the story is made up and that there’s so much criticism around Robert and the book. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. The "Rich Dad, Poor Dad" is the story of a person who is actually the narrator and author and has two fathers: the first was his well educated biological father, termed as the "poor dad" - and the other was the father of his childhood best friend, Mike, termed as the "rich dad" who is less educated. “Rich Dad Poor Dad,” by Robert Kiyosaki is the #1 personal finance book of all time. Enlightening about assets and liabilities, the book provides real life examples and scenarios. Rich Dad Poor Dad By Robert Kiyosaki Book Review: Rich Dad Poor Dad is a classic and number 1 best seller personal finance book of all time. You only have to watch the recent democratic debate for yourself to understand how commonplace and rampant this idea is. Essentially, Rich Dad Poor Dad tackles financial mentalities through two perspectives that Robert saw growing up. This particular concept was reinforced in our first book review – The richest man in Babylon. The article discussed 8 steps to free your children that failed to launch and how to prevent this from ever happening to your children. Along with being a very pleasant read it had many valuable financial lessons to teach us. Subscribe and get free E-book, financial tips and giveaways. we still have a long years of living together. We also gave a counterpoint to the 7 baby steps with our own 12 Toddler steps to financial freedom. She asked Robert how to be a great writer like he was, and he responded to her mentioning she should try taking a suggested sales course. In your opinion, how can u summarise this book? Honestly, it was on my to-read list for the longest time, but I never got to it until more recently. It talks about general things that people knew already. If you want an honest and straight forward financial book, I would highly recomemend Dave Ramsey baby steps, the richest man in Babylon, and the millionaire next door (skip 1st chapter). RICH DAD POOR DAD 1 What the rich teach their kids about money – that the poor and middle class do not! People who avoid failure also avoid success.”, Audie Award for Business Information (2001). I never imagined how this book would shape my view on money. Check out this awesome Rich Dad, Poor Dad Book Review Example for writing techniques and actionable ideas. Probably the stupidest and most over-hyped book I've ever touched. He compares them to the way his “Poor Dad” viewed money, and how “the old way” of “go to school, get your degree, and find a good job” just won’t suffice for those looking to build wealth. In this Rich Dad Poor Dad review, we’ll go into the 6 lessons that will help you do just that! Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing. It was this chapter that I realized that homeboy Kiyosaki is quite pompous. Wow, what ideologically driven, poorly written, paternalistic rubbish! He refers to his real father as the poor dad based on his dad ideologies. The first edition of the novel was published in January 1st 1997, and was written by Robert T. Kiyosaki. It has left many people feeling that it provides questionable results. To this day it remains one of the best books on money you will ever read. When I was growing up, common knowledge in Nigeria is that there is one thing you cannot trust anyone else with, and you guessed it – your money. I've since become a huge fan of Robert Kiyosaki and have read many of his other books and watched a lot of videos of him. If your money is hard at work making more money, your need for a job is eliminated because you can live off the earnings your money makes for you. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial … We have talked a lot about Dave Ramsey on this blog including 15 Dave Ramsey tips that will change your life. You can read this book for leisure but it won't help much in managing your personal finance. Rich Dad , Poor Dad (Rich Dad #1), Robert T. Kiyosaki, Sharon L. Lechter Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. Now, it’s learning about.. finance. One of the first books related to finance that I read was Rich Dad Poor Dad by Robert Kiyosaki . In Budgeting Tips, Money Saving Tips, The Babies of Personal Finance, In Budgeting Tips, Personal Finance Guests, Personal Finance Tips, In Budgeting Tips, Personal Finance Guests, In Budgeting Tips, Personal Finance Guests, The Toddlers of Personal Finance. Opinions without any facts. The basic concepts of how money works, and why it’s important to keep a portion of everything you earn, and then turn around and make that money work for you, are surprisingly unknown to most people. Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter.It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ). Before delving into where the book goes off the rails in this Rich Dad Poor Dad review, let’s consider what it gets right. I have spent my entire life studiously avoiding economics, finance, accounting and all associated disciplines, instead always choosing the history/politics/social sciences path, and then studying law. The signal to noise ratio is not very good in this book. Robert Kiyosaki’s fuss-free guide to financial independence draws from his relationships with both his highly educated but poor father and his high-school-dropout, self-made-millionaire mentor. The book has a motivational aspect as well as financial advice and strategies devised by Kiyosaki. Robert gives a personal example of how this can happen. December 1st 2007 But losers are. The lesson: working for someone else your entire life is often the direct result of the current financial struggle. I first read the book back in 2000, when I was still a budding entrepreneur. In his experience, he illustrates that he borrowed $2,000 from a friend for a down payment which he would pay back to his friend with $200 for interest. The book was published in multiple languages including English, consists of 195 pages and is available in Paperback format. It is very easy and interesting to read. You don’t need to earn a high income to be rich. Although the book is controversial and often takes criticism, people still believe it’s worth reading. It highlights the different attitudes to money, work and life of two men (i.e. Robert Kiyosaki emphasizes six key points through out the book. Rich people make money work for them. Rich Dad Poor Dad by Robert Kiyosaki summarises the lessons learned from two different perspectives, that of a poor man, and that of a rich man. READ IT! I think that if they can do that, they will turn this game around". Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing. Actually Kiyosaki books rich dad poor dad it very good. Thus the title of the first lesson taught in Rich Dad Poor Dad –  “The Rich Don’t Work For Money.”. Did you find any other books that were more helpful than Rich Dad Poor Dad? Free download or read online Rich Dad, Poor Dad pdf (ePUB) book. This message can save our world! So he took it even further and began looking at foreclosed homes that banks were selling for even cheaper, sometimes as low as $20,000. If you search for the best non-fiction (business) books list, the one that is popular even today is “Rich Dad, Poor Dad” and after reading it, I understand why. In Rich Dad Poor Dad, Robert Kiyosaki summarises the lessons learned from two different perspectives, that of a poor man, and that of a rich man. Plus, after reading the analysis of this book by John Reed, I became increasingly skeptical about it: the author is making money out of writing this kind of book instead of through managing his own finances. This book has taught me the difference between an asset and a liability, something I am still pondering right now and probably will for the rest of my life. It was this chapter that I realized that homeboy Kiyosaki is quite pompous. This was also based on his ideologies that having a good financial knowledge and starting a business is the most important secret to wealth. In it, you will learn why “go to school, get your degree, and find a good job” no longer works the way it used to in order to build wealth and retire with a healthy nest egg, or even retire early. Follow Dr Breathe Easy Finance on WordPress.com. But there are already many useful critical reviews on GR, so, I'll just talk about the important takeaways. The typical parents, especially from my African background want you to go to school, get straight As, become a doctor and work for money. In his own words “Intelligence solves problems and produces money. The importance of financial literacy. Ray Kroc met with the student’s afterword for a drink in which Ray asked the students “What business am I in?”  The students chuckled at his question, to which he asked again “What business do you think I am in?”  One of the students responded that he is in the business of making hamburgers. Because of mass written publications these days, thousands have attributed their success and financial understanding to this book over and over again. 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