Product Description

Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - his two fathers. 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 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 47. RICH DAD, POOR DAD, written with consultant and CPA Sharon L. Lechter, lays out his philosophy behind Kiyosaki's relationship with money and opens 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 ...* Explaining what to teach your children about money for their future financial success

Product Details

• Amazon Sales Rank: #677 in Books
• Published on: 2002-01-03
• Original language: English
• Binding: Paperback
• 224 pages

Amazon.co.uk Review
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 "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 is nonetheless a compelling advocate 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 the former might be acquired so that the latter eventually can be shed. --Howard Rothman, Amazon.com

Review
'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

Anthony Robbins
"Robert Kiyosaki's work in education is powerful, profound, and life changing. I salute his efforts and recommend him highly'

Customer Reviews

This is what we should teach our kids!
Robert Kiyosaki has produced a very readable book explaining many of the fundamental differences between wealthy and poor people. He makes very good use of repetition to ensure that his points are firmly `sent home'. Although this can be annoying at times, particularly when concepts are already familiar to the reader, it's easy to skip over the repetition and move on to the new concepts.

It is a simple book to read, and requires no particular financial or academic background. However, the concepts introduced are very powerful, and, if taken to heart, life changing. The book traces the author's life from the age of 9, comparing the financial teaching that he received from his own, highly academically intelligent, real dad, and that of his friend's, financially intelligent, dad. Having experienced first hand the teaching and upbringing resulting from both of the dads, he is able to reflect on how they differ and how these differences have a profound effect on financial wealth.

The book is written from an American perspective, but the concepts and ideas are universally applicable, certainly in all Western societies. It explains how the poor and middle-class pay much more in taxes than the rich and how most people, including many of our advisors, do not understand the difference between assets and liabilities. He makes good use of simple diagrams to explain the relationship between income, expenditure, assets and liabilities.

RK firmly believes in education, but also believes that the education system does not teach financial intelligence. This book, and indeed all of the books in the Rich Dad Poor Dad series, is about filling this gap in the system, and trying to help people who want to be helped, out of the rut of a `safe secure job' into the freedom of real wealth.

I think almost everyone will benefit from reading this book, whether still at school, or later in life wondering why they seem to be still poor after working hard all their life, and everyone else in-between!

The book that changed my life!
When I read this book, I was a Chartered Accountant in my late 20's , and working for a big firm of Management Consultants. I was earning a great salary, working hard, playing even harder, and thought that I was financially secure.

How wrong I was.

Robert Kiyosaki's Rich Dad, Poor Dad is an eye opener for anyone who thinks they are doing alright. In his book, he explains the difference between an asset and a liability, and what the true effect of these are on your long term financial security. He explains how the Rich create assets and the poor create liabilities, and gives examples from the lifesytles of his own highly educated and professional "poor" dad and his best friend's uneducated but entrepreneurial "rich" dad.

Reading that most people are a few paycheques away from poverty was a cold awakening for me. He also allows us to follow the fate of his "poor" dad throughout the book - a man who despite doing everything "right" in terms of his education, career and morals, ended up a poor embittered man. Having worked in an environment where redundancies were being made on a regular basis, I couldn't help but to wonder whether this was the fate of the modern day worker.

Kiyosaki explains in layman's terms what the rich teach their children. Whether this is exactly true or not, I can say that Kiyosaki's teachings are unlike anything I have learned throughout my business career. If you are going to read one self-development book, I suggest you read this one. It's a masterpiece!

Whatever you think of Kiyosaki, the contents of this book are valid. My only gripe is that he doesn't exactly tell you how the average person can go about building assets or a business, so you finish this book with a burning desire to do something, but no guidance as to how to go about it.

There is one sentence in the book about Network Marketing, but he doesn't explain in sufficient detail what it is, or how to go about finding a Network Marketing business.

Finding Gold in a Book!
Despite having a high school education and a college degree, I was never educated on the subject of money. As I leapt into adulthood I found myself in debt 10 years later with no clue how to get out and no clue how to produce wealth in my life. A friend suggested that I read Robert T. Kiyosaki's "Rich Dad Poor Dad". This book has opened my eyes to the logistics of how money works and how I can make it work for me. This book has helped me to take control of my finances and now, at age 39, I am out of debt. I have a deeper understanding of money, like never before, on what I need to do to make my money work for me. Now I am clear on the difference between assets and liabilities.

It's so exciting that Robert T. Kiyosaki is sharing his wisdom of financial education. It is one subject that should be added to the educational curriculum. Another subject that was not offered in any of my educational experiences was how to achieve and experience well being. As Robert T. Kiyosaki is sharing the gems of financial freedom with the world, authors Ariel and Shya Kane are sharing the priceless knowledge of instantaneous transformation in their books, Working on Yourself Doesn't Work: The 3 Simple Ideas That Will Instantaneously Transform Your Life, How to Create a Magical Relationship: The 3 Simple Ideas that Will Instantaneously Transform Your Love Life: The 3 Simple Ideas That Will Instantaneously Transform Your Love Life and Being Here: Modern Day Tales of Enlightenment. In their writings, I have discovered the ease that is possible in living. I didn't know much about finances and I found Robert T. Kiyosaki. I searched for enlightenment and I found the Kanes. It's a gift to find authors that can write about what works!