books:
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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!
Robert T. Kiyosaki
,
Sharon L. Lechter
Business Plus
, 2000 - 207 pages
average customer review:
based on 2138 reviews
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highly recommended
Fantastic Book
This book is amazing. I would recommend this to any at any age. I read this in High School and it changed my life. I now own a successful startup company and it is all thanks to the
class
="textlinks">rich
dad series
for inspiring me to
NOT
GET A JOB! I recently bought this for my 13 year old brother in law as well. It is not a HOW TO but rather a THINK
ABOUT
how to!
Definitely Worth The Read - Inspirational
I first read this book
about seven
years ago. I still have a copy in my bookcase and will always keep it.
Whether one is into making
money
from real estate or
class
="textlinks">not, this book is quite an inspirational read and well worth taking a look at. There are some very important life lessons contained in the pages; lessons about
what's more
useful in life, lessons
that definitely
aren't taught in most schools.
We all need education, sure, but we also need to learn how to be survivors in a very competitive world and develop business smarts and not just academic ones. Our minds need to be more free and open to opportunities and possibilities. Sometimes the systematic approach of the education system tends to make us all think rather compartmentalized rather than projecting our minds and visions outside the square.
The overall message and information Robert Kyosaki provides in this book will not be for everybody, but there is definitely something in this book for everybody.
Real Life Dramas - Volume One
Darren G. Burton
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NOT what the wealthy teach their kids. Good overall for novices and "In the Box" thinkers, but some BAD advice too
This guy is a poser. And, a snake oils salesman (of course one could aruge
class
="textlinks">that a successful snake oil salesman knows how to be successful - so in that sense, I guess he is
not
a poser). But that said, a good con man must mix truth with lies. He has some really good truths in here.
He is right on
about
the failings of our educational system to teach about
money
. I couldnt agree more. BUT. Once he successfully breaks down the problems he fails, for the most part, in providing sensible solutions. If the way "
Poor
dad
s" think is foolish, the way Kiyosaki thinks is specious (sounds good at first but falls aprt under scrutiny). This is great for selling books cuz, a novice will think he is a revolutionary genius but a millionaire will know he is not as brilliant as he sounds - in fact he sounds like a moron. I ran a small hedge fund with 50 million in assets, and average returns over 20% for 5 straight years. Then retired from Wall St (as a milllionaire) because it was too much of a grind. I put all my money into real estate (I also agree with him that real estate is - generally speaking - is the way to make your millions) and more than doubled it in 3 yrs. I read this because so many people raved about it. I loved his general crituque of the herd mentality of the poor dads out there, but regarding his thinking - while it aint herd mentality, it aint
what
the really smart and wealthy folks are doing.
Read it if you are pretty clueless about money or you suspect you might be a smart member of the herd, and it will get you thinking IN GENERAL about money in a better way (but there are better books out there for this). Then read other books to find out how to make money - now that you no longer are part of the herd.
Don't read it if you are a successful entrepeneur already. It is a joke.
BTW, I am
rich
and I dont teach my
kids much
of the stuff he claims that rich folks teach their kids, they would go broke.
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Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "
class
="textlinks">poor
dad
" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "
rich
dad" (
that "the
poor and the middle class work for
money
," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. --Howard Rothman
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