Rich Dad Poor Dad is a book written by Robert Kiyosaki and Sharon Lechter. It advocates the importance of financial literacy (financial education). After reading the scattered sections, I decided the book had merit and needed to be .. For example, my poor dad always said, “I'll never be rich.” And that. Editorial Reviews. peypredkoefritlec.gq Review. Personal-finance author and lecturer Robert Kiyosaki In Rich Dad Poor Dad, the #1 Personal Finance book of all time, Robert Kiyosaki shares the story of his two dad: his real father, whom he calls his.
|Language:||English, Spanish, French|
|Genre:||Business & Career|
|Distribution:||Free* [*Register to download]|
This is a book summary of Rich Dad Poor Dad by Robert T. Kiyosaki. Read this Rich Dad Poor Dad summary to review key takeaways and lessons from the book . Rich Dad, Poor Dad book. Read reviews from the world's largest community for readers. Personal finance author and lecturer Robert T. Kiyosaki deve. click here to download rich dad poor dad pdf for free - peypredkoefritlec.gq Robert Kiyosaki challenged conventional wisdom with his In , Robert's book, Rich.
I think that if they can do that, they will turn this game around". I still recall a memorable game where a quarterback's contact fell out, and while he and th I read this book while in an Entrepreneur phase.
I still recall a memorable game where a quarterback's contact fell out, and while he and the refs looked for it, Madden said "now here's a guy who when he wears glasses, he can see better".
When it's explained in such a simple way, it really seems like the easiest thing in the world. Unfortunately, one must remember that the 6'5 defensive line is not just going to roll over and say 'uncle'.
Real estate isn't any easier. There's always some conflict around the corner to trip you up and send you back to square one or often, square negative one.
One father Robert's real father was a highly educated man but fiscally poor. The other father was the father of Robert's best friend - that Dad was an eighth-grade drop-out who became a self-made multi-millionaire. The li Personal finance author and lecturer Robert T. 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 Get A Copy.
Paperback , pages. More Details Original Title. Audie Award for Business Information Other Editions Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about Rich Dad, Poor Dad , please sign up. In your opinion, how can u summarise this book?
Mohammad Kermani 1-Have your own work and work for yourself. You should have your own trade and Job. The poor only have expenses. The middle class downloads liabilities they think are assets. The poor and the middle class work for money. The rich have money work for them. So many complaints about how this book doesn't give step by step, however, no one names any. Could someone name some concrete financial books with steps or action points?
I'm definitely a novice in this area. Dwayne Finance: Stanley who studied and interviewed actual millionaires to write the book. The Richest Man in Babylon …more Finance: The Richest Man in Babylon which gives similar advice to what the actual millionaires did, without the scientific research.
Burn Rich Dad.
See here: See all 37 questions about Rich Dad, Poor Dad…. Lists with This Book. Community Reviews. Showing Rating details. More filters. Sort order.
I bought this book on the recommendation of a client, and from page one I was feeling uncomfortable with it. I pushed aside the part of my mind that was shouting "This guy is trashing highly educated people and the working poor! Here is the message of the book, and as far as I can tell, the only thing of value in its pages: Owning a business or earning royalties creates income. Owning a house and a car incurs expenses. There you go.
Early in the book the author lists royalties as a form of income. Later in the book he disparages a young writer who laments that she hasn't been "discovered" yet. He tells her to take courses in marketing, which horrifies her as it would me.
He goes on to explain that his best-selling books are best sellers because he knows how to market them. He writes about pages of repetitive, non-specific advice with only one interesting message see above , and people line up to throw money at him because of a compelling title and a tough-love story.
Towards the end, I felt embarassed to be seen with this book in public, just like I'd feel for responding to a "get rich quick" spam mail.
View all 88 comments. Feb 11, Dan rated it did not like it Recommends it for: This book may do a good job of getting you excited about your financial future but the false information it teaches negates any benefits. I believe this book does a disservice to the public. I suspect it was written to appeal to those who are failing in the world's conventional definition of success. Didn't go to college?
Can't hold down a stable job? Good for you! You haven't fallen for that waste of time and stupid rat race like all those other suckers! Saying that higher education isn't worthwh This book may do a good job of getting you excited about your financial future but the false information it teaches negates any benefits.
Saying that higher education isn't worthwhile is misleading. I agree it isn't essential and possibly not even helpful in rare circumstances , but the high correlation in the general public between education and wealth cannot be ignored. He also gives poor advice in finances and investing. For example, not adhering to diversification.
Or getting out of a stable job a. For example, his first rule is "You must know the difference between an asset and a liability" but then he proceeds to claim that your home is a liability, not an asset. Completely backwards. Any accountant will tell you so. The book is full of exaggerated and sometimes completely false anecdotes -- for example, it appears the entire premise of the book is false -- there never was a rich dad and Robert wasn't wealthy until he embraced MLM and started selling get-rich books.
If you just want some motivation, please try another book such as " The Millionaire Next Door. View all 34 comments.
This book is not just about money. It's about how we are taught to think; how we are programmed by schools, family, and friends to look at the rich as greedy no good bloodsuckers and opportunities as risks.
It is an attempt to reprogram minds to look at why we do what we do.. To me the most important thing it teaches is that being educated is the key.. The book is great for people like me who think in pictures and in theory. He explains his financial theories clearly and adds diagrams to explain how money flows into and out of our wallets. I have read other financial self-help books and they were too detailed, too "do this Other books never really gave me the why.
They told me what I needed to correct.. This book broke down to me the whys. And now I am ready for action. View all 15 comments. View all 23 comments. May 26, J. I read this book while in an Entrepreneur phase. On one hand, it is rather inspiring, in a John Madden sort of way. You see, John Madden American football broadcaster always makes everything sound easy, which may be how he coached the Raiders to the superbowl.
He'll say something like "now what they need to do here is score a touchdown. I think that if they can do that, they will turn this game around". I still recall a memorable game where a quarterback's contact fell out, and while he and th I read this book while in an Entrepreneur phase. I still recall a memorable game where a quarterback's contact fell out, and while he and the refs looked for it, Madden said "now here's a guy who when he wears glasses, he can see better".
When it's explained in such a simple way, it really seems like the easiest thing in the world.
Unfortunately, one must remember that the 6'5 defensive line is not just going to roll over and say 'uncle'. Real estate isn't any easier. There's always some conflict around the corner to trip you up and send you back to square one or often, square negative one. So, while this book gives you such excellent advice as "learn from failure", "make profitable deals", and "work hard for yourself", it doesn't actually give you a system or method to make money. This seems a strange irony to me, as this book is clearly marketed to people who are not smart enough to realize that they should 'work hard and not give up' if they want to succeed, but who are smart enough to be able to figure all the rest of the logistics out by themselves.
Now, there are supplementary books that give a lot more in-depth information, but they still tend to fall into similar traps. It seems to me that you are either the self-motivated entrepreneur-type, or you aren't, and that difference will show itself often and early in life.
The self-made may use this book, but to continue projects they are already working on, not to start their 'dream business' from scratch. There is another option for the marketability of this book, but it is not one I like to think about: For these types, self-help and new age books act like a surrogate or additional religion: Then, years go by and the dream draws no nearer. They get depressed. So they whip out this book or another one like it and suddenly feel like their millionaire retirement is only 6 months away!
This makes them feel self-satisfied and complacent, so they end up doing nothing until suddenly, months later, they realize they're no closer to their goal. I'm not saying people shouldn't have dreams, and I'm definitely not saying not to follow them, and I know people get attached to their denial, but it's not going to make your life any better.
More than anything, this book is a symptom of the cult of the real estate bubble, for whom property was never a bad investment: To say that their view was naively rosy would be kind. One day, so the story goes, Joseph P. Kennedy was getting a shoe shine when the shine boy started talking about what stocks were good to invest in.
This is what we call 'market saturation'--when one area of business becomes popular, and suddenly, it seems like everyone is joining in.
Kennedy got out before the crash of '29, and an intelligent investor, seeing how many books and reality shows there were about flipping houses, should have seen the real estate crash coming. Unfortunately, the fiscal prophets of the self-help section were unable to predict the coming apocalypse--so it's lucky for them that their money was tied up in book sales and speaking engagements rather than in the real estate deals they were pushing on others.
I'd like to think that these sales would drop off after the 'miracle of real estate' turned out to be another hollow investment bubble, but in these dire times, people are even more desperate to find the path to economic stability. Now, I know that most people who don't say 'peddle', don't say 'peddle' market these self-help or new age products are not usually scam artists.
Most of them believe in what they do; they believe that they are helping people; and I hope sometimes they do. However, there is a difference between being a doctor and telling someone they have cancer to help them move on, and lying that there is no cancer because it seems more 'kind' or 'uplifting'.
The latter, is, of course, morally reprehensible said the atheist. Kiyosaki has built an empire off of this book, and made himself a pretty penny. He has also been investigated by some critics who have challenged his assertions about his wealth, real estate successes, and the very premise of the book.
There is no evidence that his 'rich dad' ever actually existed, and Kiyosaki has said in interviews that the character is, at best, a combination of people. However, at other times he has stated that he definitely does exist. And that doesn't even go into his support of con artist Casey Serin. View all 8 comments. This book has a picture of the author on the cover. 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.
Also, I have this thing where I through phases of obsessively reading and learning about new things. Rich Dad Poor Dad is a book that both taught me some things, and made my blood boil.
I absolutely agree with one of the premises, that many people are financially illiterate. But it also scared me. He won, I guess. This book bats you over the head with a few ideas one of which is that The Poor should just stop being so poor!
It talks about his father the Poor Dad who is university educated and hard working, but supposedly foolishly believes that getting an education and then a secure job is a waste of time. Education — what a joke, right? What a waste of time and money, that could otherwise be spent on high risk ventures that will always make you millions. That can be further invested to make billions. Rich Dad, however, never finished high school, and owns numerous companies that employ The Poor read: The thing is, not everybody is afforded the same opportunities, and the point about high risk, is that risks are high.
Sometimes it all comes crashing down. It is fervently anti-intellectual. Sometimes you need to actually pay your bills because there are real life consequences to failing to do so. Like, your utilities being disconnected. Your credit rating being destroyed. In my view, and in reality, not everybody can be an employer. Employers need employees.
There is actual intrinsic value to things other than being an employer, running a company, and making money. Things like, helping people, making things, research, writing, hell — even working.
Because everyone can be The Rich! I imagine that in person, Kiyosaki is a cult leader type person. View all 10 comments. Kiyosaki, Sharon L. 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 to improve one's business and financial aptitude.
Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's life.
Higher incomes cause higher taxes. Once you understand the difference between assets and liabilities, concentrate your efforts on downloading income-generating assets. You need to learn how to have your increased efforts benefit you and your family directly.
The poor only have expenses. The middle class download liabilities they think are assets. According to Kiyosaki, real assets fall into the following categories: It becomes my job. Kiyosaki generally holds real estate for less than seven years. Start minding your own business. Keep your daytime job, but start downloading real assets, not liabilities. When Kiyosaki says mind your own business, he means building and keeping your asset column strong.
Once a dollar goes into it, never let it come out. He called Robin Hood a crook.