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Rich Dad, Poor Dad: What the Rich Teach Their Kids about Money That the Poor and the Middle Class Do Not

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Rich Dad, Poor Dad

What the Rich Teach Their Kids about Money That the Poor and the Middle Class Do Not

By Robert T. Kiyosaki, Sharon L. Lechter

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Format: Paperback / softback, 272 pages
Other Information: 20pp line drawings
Published In: United States, 19 October 2000
Robert Kiyosaki reveals how he developed his unique economic perspective from his two fathers: his real father, who was highly educated but fiscally poor; and the father of his best friend - an eighth-grade drop-out who became a self-made multi-millionaire. The lifelong monetary problems experienced by his "poor dad" pounded home the counterpoint communicated by his "rich dad". Taking that message to heart, Kiyosaki was able to retire at the age of 47. This book lays out his philosophy and aims to open readers eyes by: exploding the myth that you need to earn a high income to be rich; challenging the belief that your house is an asset; showing parents why they can't rely on schools to teach their children about money; defining once and for all an asset versus a liability; and explaining what to teach your children about money for their future financial success.

Promotional Information

The multi million copy bestselling personal finance book that teaches people how to become masters of their money and sustain wealth for themselves and their families. Over 7 million copies sold worldwide.

About the Author

A 4th-generation Japanese American, Kiyosaki was educated in New York before joining the U.S. Marines and serving in Vietnam as a helicopter gunship pilot. In 1977 he founded a company producing Nylon and Velcro 'surfer' wallets which became a multi-million dollar business.

Reviews

In this solid collection of practical advice on how to become a millionaire, Kiyosaki (Rich Dad's Guide to Investing) adds to his rapidly growing library of well-received works on achieving financial freedom. Built on his number one rule of genuinely understanding the difference between assets (income-producing property) and liabilities (bank-owned mortgage), he reveals lessons learned from his "rich dad" (the entrepreneur father of his childhood friend), e.g., the rich do not work for money (money works for them), the rich mind their own business (not merely working at a profession), and invest time in learning financial literacy (mostly not learned in school). With the contrasting philosophy from his poor dad his own highly educated but debt-ridden, asset-poor professor father this approach clearly is head and shoulders above the gamut of countless other financial advice titles that merely focus on how financial tools work. The always crisp narration by Richard M. Davidson maintains attention to this important book, which all twentysomethings should be forced to listen to in its entirety. Be forewarned; listeners will have to acknowledge self-responsibility for their own financial problems that yet another, still higher-paying job will not solve. Without question, this is absolutely essential for all libraries. Dale Farris, Groves, TX Copyright 2001 Cahners Business Information.

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

EAN: 9780446677455
ISBN: 0446677450
Publisher: Little, Brown & Company
Dimensions: 22.91 x 15.29 x 1.5 centimetres (0.29 kg)
Age Range: 15+ years
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15 review(s)
All Reviews
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5
1
Jane G Leahy on
 
My husband, a self made successful business owner now, loved this book a few years ago. we gifted 3 copies to it to 3 young fellas in our family as Xmas/hol reading. Interesting and varied reactions!We need to do our young ones a favour by putting thought provoking reading in front of them.Good for young males who do not do fiction.
JL -Literacy/ French teacher
Ruth Hapeta on
 
This book is very interesting, the author takes two persepctives of the way that he was taught about money - from his own father and from his friends father. He followed his rich dad's advice and managed to turn himself into a millionaire. His book gives great advice on how to help yourself become rich and what to teach others to assist them. Some of the financial parts of the book were a bit complicated.
Sanjay Patel on
 
This book is a definte must have for anyone in this day and age. This book started off my interest in finance, investing, and the goal of finanacial freedom. This book explains economics in a simple story like way that anyone can understand no matter how little interested you are in the topic. The explinations of differences between rich and poor are however told very bluntly and may offend some people. Rich Dad Pood dad does not explain how to get rich, however does put readers in the right frame of mind to search for information to get rich.
Tristan Hooker on
 
There is a reason this book became a best seller. It's cleverly written, the idea of one "rich dad" and one "poor dad" being a catchy analogy.
I found some of the author's examples of deals he'd done to be a little too far-fetched to be believable. Neverthless, there were some great ideas that could be put to good use. His suggestion that money-sense should be taught in schools certainly seems to make a lot of sense.
Melanie Browning on
 
This book is well written and very easy to read. Kiyosaki makes an interesting point when one person was lamenting to him about not being the best at something, he said Hey does my book say "Best-written? No, it says Best-selling". Use of diagrams to explain points is really helpful and the story about his two dads is amazing. He illustrates his investing beliefs with examples from his childhood - the story about melting down metal toothpaste tubes cracked me up.
Melanie Browning on
 
LOVED this book. Completely changed my attitude towards money. ONe of the most interesting things I learned was that your own home is NOT an investment. Want to know why? Read the book and find out! :)
Laurie Irvine on
 
A great little book. I would reccomend this book to all those people who have ADHD as many entreprenuers have ADHD. This book is easy to read, and is explained in little stories about his friend's father who he calls rich dad, and himself. The only problem with this book though is that people tend to take his philosophies too literally, and as a result, Australia's real estate market is becomming flooded.
dallas storey on
 
Fantastic easy to read financial book. Kiyosaki has been criticised for not being specific enough, however the mental "lightbulbs" he turns on especially in respect to our unconscious spending habits and where we actually place our funds are amazing. Not many books can be summed up in a very short sentence but here goes : buy assets that produce income. Intrigued? Buy this and find out more - this is his second ( often misquoted as his first ) and by far his best book.
Sheridan Hilliard on
 
great book, easy to read, no fancy terms or motivational speeches; this book makes understanding the difference between how the rich and the rest of us manage their finances. great inspiration and although clearly American, is highly transferable to Australia.
ALISON WHEATLEY on
 
Looking for inspiration to cut your debts in half. Rich Dad Poor Dad is a must read selection. Learn how to plan for your families future. The book gives you the understanding of what different lifestyles can do to your finances. This book will point you in the right direction to a path of wealth.

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