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

good book

This book was a present for my son. He has his own business and he said this book was incredibly useful and very interesting.

The media could not be loaded. Loved those book it was so informative and from a different perspective. I'm esch section there is a lesson where there is so much information and perspective point of views to help you become knowledgeable and really think about choices and at the end there us a stude session to see for yourself what you took on board or how it influenced you. Super interactive book

My friend recommended this book to me as he was also interested in money making and buisness. Robert really gives some foundations in thinking how money should work 'for' people and people are working 'for' it. Here he desribes, in the most simple way possible, the accumulation of assets that provide positive 'cashflow' (liquid cash).He gives numerous examples of excellent 'deals'. In one, he took advantage of comics going to waste collection to create a fee based library inside a person's house while hiring his sister to manage it. He gets kids around the neighbourhood to pay into it, getting positive cashflow without much work. In resemblence, later in life, he took advantage of a depressed housing market by bidding in bankrupcy auctions, getting excess of 1000% gains reselling it to a buyer using borrowed money.While I have to disagree with not diversifying your assets into other places, I can't deny he didn't do a good job of making money in optimal market conditions (for housing, low borrowing standards and high housing inflation). It should also be pointed out that Robert lost a lot of money by leveraging himself in the estate market, 'blowing up' in the 2008 housing crash. His message was pretty obvious upon reflection, leverage was key to his wealth, but also a key to his demise. Be careful in taking too much risk without understanding that you could become non-liquid pretty fast with large leverage multiples.

I was recommended this book by someone I trusted and - after reading the reviews - was quite skeptical, but - as i said - I trusted the recommendation.... I am glad I did!I cannot recall ever giving a non-fiction book five-stars!This book differs significantly from "self-help" books that are out there...it is a first-hand retelling of success, told supportingly and without hubris! It tells of lucky observations and timing and how they were capitalised on early with success ("the library" for those who have read it!) and the positive feedback loop that creates...and warns of the well meaning nay-sayers who so often (and even in my own experience) scupper what seemed - and in retrospect was - a good investment. I purchased the 20th anniversary edition which had sections on reflection and hindsight which - in such a book - are immeasurably valuable in their own right! Without regularly reflecting on the content, it just becomes a jumble of words and the messages are lost.Many of the reviews against this book bear no resemblance whatsoever to the content of the book that I read - which I read cover to cover, word for word...neither skimming nor rushing. They also seem to complain of high-cost seminars based on the book ("rich dad Seminars") etc....this is not a result of the book, but others trying to capitalise on the security/cookie-settings of the computer used to order. Indeed, within the pages, the author warns against these courses, whilst at the same time citing their value IF CHOSEN WISELY! Others actually focus on the areas that the author cautions against...i.e. being over-cautious and becoming your own nay-sayer!

Very good! Thanks.

Great insights. It was a financial awakening. The study sessions and summaries were repetitive especially when reading the full chapter but it is a great way to retain the information. I did skim read the summary but they are perfect to go back to as a reference point.

The book is an easy read and the pages do quickly flyby. I was sceptical at first; I am an academic at heart much like Robert’s ‘poor dad’. However, I will not deny that Robert talks a lot of sense in no nonsense straight forward manner. All too often you hear of get rich quick profiteering preachers charging for books, seminars etc. This is not one of those cases; none of the advice in the book is geared toward getting rich quick. It is long-term advice/financial lifestyle changes that will take time patience, dedication and independent research to even begin paying dividends.Whilst the advice and realisations shared in the book are good, it is limited and repetitive in what I can only say is a quality over quantity method of delivery. The one downside is that whilst the advice is good, directive on how to positively applying it to your own life is limited if not non-existent. There will be moments where you are screaming inside ‘tell me how to make this work for me’.More so, the book could have been approximately 20 shorter if it was not for the copy and pasted end of chapter questions (questions you are meant to ask yourself upon reflection of the chapter you have just read). Personally, I felt this was unnecessary but may work for other readers.Furthermore, I didn’t like how the book repeatedly attempts to upsell you Robert’s other writings and educational board games within the main body of the books text. It comes across as blatant pushy upselling, capitalising on a point that Robert knows has grabbed your attention i.e.If you want to know more about this appealing lucrative point that I know unquestionably has grabbed your attention but that I deliberately choose to discuss vaguely in this book, buy my other book…Or…If you want to learn how to specifically manage the assets that I have just stated can generate you a regular income, buy my board game…OrIf you want to learn how to manage more complex assets that generate you a more substantial regular income buy my advanced 2.0 board game.This sales tactic is a constant throughout the book. Personally, I find it distasteful to the extent it actually begins to discredit the author who actually makes some sound points. Additional writings and resources available from Robert could be a simple bullet point list with a blurb for each one at the end of the book. Or at the very least mention them loosely and infrequently in the main text. At the very least this is not pushy or blatantly trying to upsell you something by deliberately withholding information on points being discussed currently that have grabbed your attention. It begins to depreciate the value of this book as an educational resource in its own right.The book touches upon the 'what' the rich teach their kids but skips on the 'how' the rich tell their kids to make it happen, for me the latter is the more important. All in all, a good books that can remain a positive resource as long as you consciously choose to solely focus and retain the limited but valuable advice on offer.

It’s a great book, very educational.

Muito bom esse livro, não é um livro que vai te dizer o que você precisa fazer para se tornar rico, mas vai te fazer refletir sobre varios pontos dessa jornada que é buscar a estabilidade financeira.

Classics from financial education segment

Il libro è davvero ben scritto e interessante

Very good information about financial educationRobert did it well so why can't we do the same let's start to become rich