Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! | 
| Authors: Robert T. Kiyosaki, Sharon L. Lechter
Publisher: Business Plus
Category: Book
List Price: $16.95
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Avg. Customer Rating:  2155 reviews
Sales Rank: 113
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 207
Shipping Weight (lbs): 0.6
Dimensions (in): 8.9 x 5.9 x 0.7
ISBN: 0446677450
Dewey Decimal Number: 332.024
EAN: 9780446677455
ASIN: 0446677450
Publication Date: April 1, 2000
Availability: Usually ships in 1-2 business days
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Shipping: International shipping available
Condition: Clean text for reading, with a little soiling on inside cover, else normal light reading wear.
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Amazon.com
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 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
Product Description
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 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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A #1 New York Times bestseller, 'Rich Dad, Poor Dad' is a true story on the lessons about money that Robert Kiyosaki learned from his two "dads." One dad, a Ph.D. and superintendent of education, never had enough money at the end of the month and died broke. His other dad dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. 'Rich Dad, Poor Dad' will . . . Explode the myth that you need to earn a high income to become rich Challenge the belief that your house is an asset Show parents why they can't rely on the school system to teach their kids about money
Define once and for all an asset and a liability Teach you what to teach your kids about money for their future financial success. In 'Rich Dad, Poor Dad', Robert Kiyosaki explains how to make your money work hard for you instead of you working hard for money.
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| Customer Reviews: Read 2150 more reviews...
 Thinly Veiled Contempt for the Poor July 26, 2008
Having slogged through this book, I feel I must submit a review to counter all of the breathless fanatacism. I found this book, not through being on the Best Seller list, but through a libary search for books to teach financial literacy to kids.
I am sure that with more than 2000 previous reviews, I can't say much that hasn't already been posted. But I'll add to the voices encouraging anyone who finds himself enchanted by this book to do a little research on the author. It took me very little time surfing the internet to learn that the book is not a "true story" and that the author's credentials as a real estate investor as suspect. These two things alone undermine the credibility of the advice contained herein.
I will admit that the book does use plain language to explain a few basic financial concepts that many readers will be seeing for the first time. In fact, I am sure that the Best Seller status of this book is due to so many people reading a self-help book on money for the first (and likely the only) time. It is even possible that this book has caused many people to examine their spending habits a bit, so I won't begrudge that. But no one is going to become a real estate tycoon from reading this book because the author is incredibly vague about the specifics of wealth building and gives almost no information about other kinds of investments. He brags about being very lucky, but like all anecdotal stories of wealth building, it shows only one winner. There is no perspective on how many people end up losers doing the same things.
What really bothers me about this book is that the anti-intellectual tone will draw people in to the author's personality cult. Once enchanted, the reader will be tempted to go along with the idea that poor wage earners deserve their lot in life and can be unapologetically exploited by "smarter" people following the author's approach. What, I wonder, does Kiyosaki think would happen if everyone tried to get out of the "Rat Race" as a result of his vision? Don't the rich owe any kind of gratitude to the people who make their lifestyles possible?
I'm afraid this entire book comes off as a big rationalization for being (and wanting to be) rich, no matter who gets hurt. If you are willing to pay this man for his business advice (and products....sheesh!), then I'm afraid you are willingly becoming just another step on the ladder he is climbing. After all people wanting to get rich are okay to exploit, right?
 A simple explanation of how to make your money work for you July 25, 2008
This is not a get rich quick type book but it does help teach you ways to let your money work for you in simple terms. Things like why mutual funds are better than savings accounts, etc. It goes back and forth from telling stories to giving advice which is a nice change from your standard boring money books.
Highly recommended.
A forgettable book in a nutshell July 20, 2008
I read this book several years back, and frankly remember very little of it. In a nutshell, the real lesson of the book is that the poor buy necessities (food, clothing, etc.) the middle class buy liabilities (cars, boats, etc.) while the rich buy assets (stocks, bonds, real estate).
If You Only Take ONE Thing From This Book ... July 15, 2008
... take the definitions of both an ASSET and a LIABILITY.
I read this book the first month it came out when I was a floating on a raft at the Hyatt in Kauai and I was so taken with it, I finished it and reread it a 2nd time. And I was on vacation. The entertaining style of it held my interest. What most held my interest though was his explanations of ASSETS and LIABILITIES. Gosh you know, all my life I was taught to believe my house was an ASSET. Well it is an ASSET - to the bank that holds the mortgage. To me it is a LIABILITY and a Money Pit.
Now it is nice to have a place to sleep at night and it's all mine! I can paint the walls any color I want!! But it sure ain't an ASSET. And I have all the bills to attest to that.
I do recommend the book to everyone. It really is basic accounting for your lifetime & family. Education is education and meaningful education is the name of the game. Somebody else wrote a review that if his grandparents were alive today, well, they would be dead today instead, because they would not be able to navigate the New Paradigm of 'Every Man for Himself'. He's got a point. The world IS changing, right now as you read this. This book is written for the Everyday Man and Woman. Good information to open up your brain and think about how and what you want to do to assure yourself a future.
Only "Rich Dad" Book Worth Buying July 14, 2008
Worth the money for the authors approach about assets and liabilities. His personal story is not very interesting but I like the way he focuses on different types of income. Do not expect a lot of detailed information since most of his "examples" are BS. His wife needed a new car so she just went out and found a property that would give her $500/month cash flow with no money down. Yeah right. All said and done though this book will motivate you and help keep your head in the right mind-frame.
Do not bother buying ANY of the other Rich Dad, Poor Dad books, they are only a re-hash of the information in this one.
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