Rich Dad Poor Dad by Kiyosaki, Robert T 2nd (second) Edition (2011)

Great advice and lessons on how to get out of the rat race and start your journey to financial independence. Enjoyed reading!

I give this book to everyone of my grandchildren when I get to be a certain age with a nice fat check inside. We take the time to go for a meal at one of their favorite places and discuss the things I like about it and the things they like about it after they’ve read it. They can cash the check once the book has been read in the dinner has been eaten, and we have discussed all of the good pros and cons of the book. without a doubt, every single one of the children who have read this have grown in their understanding of being able to earn money through multiple forms of income, and to have a concept of understanding how to grow wealth with the long-term good of themselves and to help others. Great book I recommended highly high.

Your home is a liability.Sounds crazy to most people, but when you think about it - especially in the simplified way the author presents it - it's true. Investments being money in, while liabilities cost us money, and that house is draining hundreds or thousands out of your pocket every month. Knowing this difference is what differentiates the rich from the poor and struggling middle.Kiyosaki doesn't go into great detail about the ins and outs of how to get started with that first investment, but he does provide a good overview, so you at least have an idea of what you don't know and where to go from here. He also provides a list of more actionable items anyone can start employing immediately, before even making that first investment.The book, itself, is an easy read. I got done with it in 4-5 hours, and I'm a slow reader. However, it has quite a bit of great information, some of which was no-doubt lost on me this first time around. I fully plan to come back to this book and read it again after I've put some of the actionable items into play.The biggest thing I didn't care for was that a good chunk of the middle was spent talking in abstract terms about real estate investing, and for a time, it felt like that was his only recommended source of income. I would have loved to see him touch a little more on the other alternative forms of income in this section. I also would have loved to see more stories about his childhood in this section, as those seemed to abruptly stop partway through.Finally, I will say this: to fully understand the purpose and message of this book, you need to be ready to set aside what you think you know. You need to be ready to at least consider turning conventional wisdom and everything you learned on its head. Sit back and think about the decisions he describes and dig into the whys behind them. Don't let knee-jerk disagreement get in the way. If you think his statement that a person's house is a liability is contradictory to his later talk about investing in real estate, then you need to think more about the differences between the two and how the earlier description of assets versus liabilities applies.

For most people life consists of suffering through school, suffering through a job you hate and then eventually retiring too tired and too poor to do any of the things you've always wanted to do.I was headed this way myself...Till a friend suggested I read this book. At first I was sceptical at best, and totally dismissive at worst....Until one night, bored at work, I found the copy I had been given in the bottom of my bag. I started to read it and only because I'm stubborn did I read past the first few pages. At first all I could see was some rich guy rubbing my nose in the fact that he had heaps of money an time on his hands and plenty of it to waste on writing a book....I told my friend this and he laughed saying that many people think this at first.That was when he introduced me to the game CASHFLOW (based on this books lessons and information and also made by the same guy who wrote the book. After playing the game for only a few minutes, suddenly some of the stuff I had read in the book started to make sense. It couldn't be that simple could it? Some guys book and a game can teach you the lessons you need to let go of the old way of doing things and not only free yourself from the endless wheel of work to pay the bills but make you money start to work for you the way it should!?!? When I asked this same questions of my friend, he just smiled and said,"Now read the book again".Over the next month, I went back through the book, taking notes and highlighting parts I wanted to explore more. I did a lot of research (and then got this book on Kindle so I can reference stuff easily)...We've since passed that old copy of the book onto several other people and whilst all of us are still working, our mindsets have changed and we are all making serious inroads into getting OUT of the rat-race.Thankyou Robert Kiyosaki, you have changed our lives. I cannot stress enough how much this book is worth. Highly recommend it to anyone sick of "working for the man" and getting nowhere fast but always feeling tired.

Love the book and will order from them again!

Wish I would’ve had this book years ago. It makes a lot of sense and it’s something every young person should listen to twice.