Rich Dad Poor Dad Was die Reichen ihren Kindern über Geld beibringen
Reviews
Interesting insight into how "self-made" people think. TW: lots of love for DJT.
As an Egyptian reader, I noticed that the book's financial advice differs significantly from what I am used to. In Egypt, Islamic finance is heavily emphasized, which prohibits the charging of interest and other practices deemed usurious. I would like to point out that Kiyosaki's book does not consider Islamic finance and, in fact, promotes investment strategies that are considered haram under Islamic law. For instance, Kiyosaki suggests that readers consider investing in real estate, which may be perceived as a risky investment in Egypt (between 2022-2030). He also recommends the use of leverage, a financial tool that can amplify both losses and gains. It's important to note that investments based on debt and advances are considered haram and carry a high level of risk at present, so they should be studied carefully. In my opinion, Kiyosaki's book may not be the best fit for readers interested in Islamic finance, but it could be helpful for those seeking a general introduction to personal finance.
Good introduction to personal finance. It doesn't go too deep but gives a new perspective to those who never stumbled upon the "rich way of thinking".
I listened to the audiobook and it is basically a very good book that everyone should read. I am planning to read hard copy after a couple of years.
This is by far the best book I have ever read in my life thus far. It has completely changed my mindset and provided insight into how I can change my life for the better. This book is truly eye opening for those of us that want to leave the rat race and become financially free. Everyone should read this book, regardless of their goals / dreams. It is important to understand the world we live in and how society as a whole thinks about money, freedom and independence.
az a fresh grad i had a personal crisis regarding my personal finances... not the book i was looking for but some of the advice was slightly helpful methinks
Great book for those who understand how a mindset works. Sadly, I see people giving bad reviews out of their poor literacy skills.
As I have finished reading this book, I have the impression of making money through real estate and writing a book about how to make money. This book is more of a book where there are essays with the summary parts in the end. Those parts sum up the main idea of the associated chapter. If you want to know what the author has to say, just read the summary parts. The book goes on with real-life examples. It would be better if the author has backed his experiences with some scientific examples. Overall it is OK.
Finansa dair temel konularda aydınlanmamı sağlayan ve pasif gelir oluşturmanın ne kadar önemli olduğunu anlatan bir kitap. En hızlı şekilde okuduğum kitaplardan biri oldu çünkü keyifli ilerliyor. Finans ve yatırım ile ilgilenen kişilere tavsiye ediyorum. 4 yıldız verdim çünkü bazı yerlerde yazar çok fazla abartıyor gibi geldi.
Food for thought. It feeds the same ideas several times in the "for dummies" American fashion, yet it has some very interesting challenges to the popular understanding of wealth.
This is the first personal finance book I’ve read. On my challenge journey, I found this is of most sophisticated and crucial skills for my self After the decision of Robert Kiyosaki, Become a I and B part, I think this is a new way to improve for me. I will devote all my money to bitcoin, because it’s enhance my finance status Before 40, I will have a big penthouse and a car, and live a life in US I hope so Hue, Oct 16, 2021
"Life pushes all of us around. Some people give up and others fight."
If you don't have financial knowledge this book can give you the very basics, helped me understand the difference between asset and liability, but the rest of the book it's useless, don't read it unless you're fine with skimming to the important parts
So damn good !
7 levels of investors and 7 steps to move quadrants was the best part.
This is a great resource for rewiring your financial brain. The common narrative amongst most immigrant families is that risk is out of the question if you want to survive. My family followed the educated but poor dad's lesson. A lot of the times I've thought about adopting the 'rich' dad's way of thinking, I am met with uncomfortable amounts of cognitive dissonance. After finishing this, I feel empowered to dare to think and act differently.
Some valuable lessons (with clear real-world examples):
- Wealth/money is a mindset.
- Experience/knowledge over material goods.
- Be charitable without expectation of dividends
- Assets first; liabilities second
- Risk (and failure) is a prerequisite for success.
BUT: working through this book reminded me of the importance of abstraction when consuming information...and then further abstraction in light of context. Kiyosaki wrote this for a capitalist/western society. Even with the aid of technology, it's almost impossible for those trapped in a socio-political rat race to escape.
It has such an interesting ideas and valuable information about money and investing. I finally learned about assets, stocks, taxes and how they work and how to benefit from them. It pointed to huge gaps of missing information that i need to learn more about. This book opened my eyes and changed my thoughts about money and how it works.
Much has changed since Kiyosaki wrote this book in 1997, but his main message is still so very appropriate today. The book confronts the mentality that going to school to get a good job is the best path to financial freedom. Kiyosaki puts forth the argument that financial literacy should be the goal (something not taught in schools) -- stating that earned income should not be the end goal. The proper end goal should be portfolio and passive income, which come from assets, not liabilities. A good book that challenges many of the common philosophies in modern America. The book is written in a very conversational style, with a lot of stories and dialogue. Almost twice as long as most financial "how-to" books I've read, but enjoyable enough to keep my attention while driving home the arguments. I prefer to read books that are more straight-forward with less story, but you can't argue that it hasn't had tremendous success in the market.
This is a good one if you’re looking to learn about money. I definitely took away some lessons I’ll be using in my everyday life which was a nice bonus!
There is some great advice in here. Increase your financial IQ. Understand how to make your money work for you. Understand the difference between assets and liabilities. Don’t believe everything everyone tells you. That last part applies to this book too. There are some real wacky suggestions in here that make no sense. Join a MLM to get over your fear of being told no? Seems like there are cheaper ways to overcome that fear. He also never talks about a time he made a mistake. He says he did, but you don’t hear about that here. He also repeatedly talks down about his fathers salaried education job... but reveals he basically did the same. Worth a quick read through, but don’t sell the farm right away.
A worthy best-seller. Must-read for both financial and non-financial people, to learn and ground themselves in the basics of the habits of the wealthy. A good primer to get started with, and move on to more advanced books in the series, as well as other books on saving, investing, trading, and basically creating indestructible, old-money wealth.
One of the best book I've read I'd recommend everyone specially young people to read this book as soon as possible. It's going to change how you look at the money and your work. It'll encourage you to start thinking how to get more money in a smart way, not just by increase your working hours or find another job with higher salary. It opens your mind on investing and its importance.
Classic read about the financial education. [reading time: 6h33m]
"The single most powerful asset we all have is our mind." I listened to this classic on a drive from SF to Lake Taho and back. It's perfect for a long-drive audiobook. I wish I read this book in my early twenties rather than my early 30s. I think everything here is absolutely relevant today. The TLDR is easy, keep developing your financial literacy, focus on acquiring assets, use the assets to buy luxuries, live off the income of your assets and do what you want for the rest of your life. It's easier said than done. Guy has a great story to tell, about his "rich dad" and "poor dad", and his life story of success from the hands on lessons of the former. It's vital to understand the contradictory advice that "non-rich" people give to each other and how that traps them in at most the "middle class". This is a quality read to start off your financial literacy journey. Summary: https://www.samuelthomasdavies.com/bo...
Highlights
History proves that great civilizations collapse when the gap between the haves and havenots is too great.
"Life pushes all of us around. Some people give up and others fight. A few learn the lesson and move on. They welcome life pushing them around. To these few people, it means they need and want to learn something They learn and move on. Most quit, and a few like you fight.
Be careful what you learn, because you become what you put in your head.
Frequently, my broker calls and recommends I move a sizable amount of money into the stock of a company that he feels is just about to make a move that will add value to the stock, like announcing a new product. will move my money in for a week to a month while the stock moves up. Then I pull my initial dollar amount out, and stop worrying about the fluctuations of the market, because my initial money is back and ready to work on another asset. So my money goes in, and then it comes out, I and I own an asset that was technically free.
In today's fast-changing world, it's not so much what you know anymore that counts, because often what you know is old. It is how fast you learn. That skill is priceless.
I would say that one of the hardest things about wealth-building is to be true to yourself and to be willing to not go along with the crowd. This is because, the market, it is usually the crowd that shows up late that is slaughtered. If a great deal is on the front page, it's too late in most instances. Look for a new deal.
But instead of shopping with local real estate agents, I began shopping at the bankruptcy attorney's office, or the courthouse steps. In these shopping places, a $75,000 house could sometimes be bought for $20,000 or less. For $2,000, which was loaned to me from a friend for 90 days for $200, I gave an attorney a cashier's check as a down payment. While the acquisition was being processed, a I ran an ad advertising a $75,000 house for only $60,000 and no money down. The phone rang hard and heavy. It was a feeding frenzy. The house sold in a few minutes. I asked for a $2,500 processing fee, which they gladly handed over, and the escrow and title company took over from there. I returned the $2,000 to my friend with an additional $200. He was happy, the home buyer was happy, the attorney was happy, and I was happy. I had sold a house for $60,000 that cost me $20,000. The $40,000 was created from money in my asset column in the form of a promissory note from the buyer. Total working time: five hours.
Today, wealth is in information. And the person who has the most timely information owns the wealth.
Rule #1: You must know the difference between an asset and a liability, and buy assets. If you want to be rich, this is all you need to know. It is rule number one. It is the only rule. This may sound absurdly simple, but most people have no idea how profound this rule is. Most people struggle financially because they do not know the difference between an asset and a liability. “Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets, “
I find so many people struggling, often working harder, simply because they cling to old ideas. They want things to be the way they were; they resist change. I know people who are losing their jobs or their houses, and they blame technology or the economy or their boss. Sadly they fail to realize that they might be the problem. Old ideas are their biggest liability. It is a liability simply because they fail to realize that while that idea or way of doing something was an asset yesterday, yesterday is gone.