Robert T. Kiyosaki

Taking to heart the message that the poor and middle class work for money, but the rich have money work for them, the author lays out a financial philosophy based on the principle that income-generating assets always provide healthier bottom-line results.

with updates for today's world--and 9 new study session sections

Rich dad poor dad

Taking to heart the message that the poor and middle class work for money, but the rich have money work for them, the authors lay out a financial philosophy based on the principle that income-generating assets always provide healthier bottom-line results.

What the Rich Teach Their Kids about Money - that the Poor and Middle Class Do Not!

Rich Dad, Poor Dad

Pratik Wankhade

"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.

Sharon L. Lechter

Argues that a good education and a secure job are not guarantees for financial success, and describes six guidelines for making money work for oneself.

What the Rich Teach Their Kids about Money-- That the Poor and the Middle Class Do Not!

Rina

Although we have been successful in our careers, they have not turned out quite as we expected. We both have changed positions several times-for all the right reasons-but there are no pension plans vesting on our behalf. Our retirement funds are growing only through our individual contributions. Michael and I have a wonderful marriage with three great children. As I write this, two are in college and one is just beginning high school. We have spent a fortune making sure our children have received the best education available. One day in 1996, one of my children came home disillusioned with school. He was bored and tired of studying. “Why should I put time into studying subjects I will never use in real life?” he protested. Without thinking, I responded, “Because if you don't get good grades, you won't get into college.” “Regardless of whether I go to college,” he replied, “I'm going to be rich.”

Piet Terheyden

Ufuk Safak

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. 

Valeria Sandino

April 2017 marks 20 years since Robert Kiyosaki's Rich Dad Poor Dad first made waves in the Personal Finance arena. It has since become the #1 Personal Finance book of all time... translated into dozens of languages and sold around the world. Rich Dad Poor Dad is Robert's story of growing up with two dads -- his real father and the father of his best friend, his rich dad -- and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. 20 Years... 20/20 Hindsight In the 20th Anniversary Edition of this classic, Robert offers an update on what we've seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers "fast forward" -- from 1997 to today -- as Robert assesses how the principles taught by his rich dad have stood the test of time. In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago. As always, readers can expect that Robert will be candid, insightful... and continue to rock more than a few boats in his retrospective. Will there be a few surprises? Count on it. Rich Dad Poor Dad... * Explodes the myth that you need to earn a high income to become rich * Challenges the belief that your house is an asset * Shows parents why they can't rely on the school system to teach their kids about money * Defines once and for all an asset and a liability * Teaches you what to teach your kids about money for their future financial success

What the Rich Teach Their Kids about Money That the Poor and Middle Class Do Not!

Rich Dad Poor Dad

Isabella

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.

Jānis Pārums

Warum bleiben die Reichen reich und die Armen arm? Weil die Reichen ihren Kindern beibringen, wie sie mit Geld umgehen müssen, und die anderen nicht! Die meisten Angestellten verbringen im Laufe ihrer Ausbildung lieber Jahr um Jahr in Schule und Universität, wo sie nichts über Geld lernen, statt selbst erfolgreich zu werden. Robert T. Kiyosaki hatte in seiner Jugend einen "Rich Dad" und einen "Poor Dad". Nachdem er die Ratschläge des Ersteren beherzigt hatte, konnte er sich mit 47 Jahren zur Ruhe setzen. Er hatte gelernt, Geld für sich arbeiten zu lassen, statt andersherum. In Rich Dad Poor Dad teilt er sein Wissen und zeigt, wie jeder erfolgreich sein kann.

Was die Reichen ihren Kindern über Geld beibringen

egemen

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.

Okan Davut

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.

Nast Marrero

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.

Ivy Nguyen

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

Obada Mu

"Life pushes all of us around. Some people give up and others fight."

Matteo

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

poprika

Cash Flow Quadrant : Employee, Self-employed, Business Owner, Or Investor ... which is the Best Quadrant for You?

Rich Dad, Poor Dad 2

McKlayne Marshall

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):

- Experience/knowledge over material goods.

- Be charitable without expectation of dividends

- 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.

Kelly Kim

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.

Al Siddeg Omer Mohmmed

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.

Megan

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!

Pranav

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.

Robert T Kiyosaki

What the Rich Teach their Kids About Money

Chris Raastad

"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...

Safiya 

Grateful for the timing if that has happened earlier there is a range of things I would miss out, or simply not aware of.
A very light business book, it's sort of اضعف الايمان...

Mihai Nueleanu

American-centric, so of course parts of it don't transfer well to where I live. Nonetheless, a light-hearted, easy read.

Ramani P

Inês Ferreira

A revealing way to look into your finances and the importance of financial education.

Adiya 

This book has a picture of the author on the cover. And I considered myself warned. But I collected my courage to go with it and I'm happy that I did, Rich Dad Poor Dad is a book that both taught me some things, and made my blood boil. Because I feel like Mr.Kiyosaki could use a little humility. The pompousness in his tone is a bit off-putting. Also, the repeated emphasis on some of his financial "gems" gets tiring. Other than that, this was a decent read.

Also very funnily for at least 40 to 80 pages I kept thinking that Kiyosaki either had two dads because maybe his mother divorced his biological dad and married his second dad OR maybe his dads are gay and he is adopted. Because through out the book he kept calling them as "MY RICH DAD AND MY POOR DAD" instead of saying that his biological dad is his "POOR DAD" and his friend's father is "THE RICH DAD" like bro, you could've called him your "RICH UNCLE" not dad. 

The book borders on negligent in many areas, and is downright offensive in the guise of being ‘helpful’. I absolutely agree with one of the premises, that many people are financially illiterate. I also agree that many people aren’t able to teach their kids money stuff, because they don’t know that much themselves. This book made me think about what I’m doing with my money and gave me some insight into the kind of things I am now going to look into and research.

Also mind you that I did just get to a part in this book where the author talks about how he is not actually a good writer he's just good at marketing and selling books so yeah feeling really pleased to know that my friend who gave me his copy to read have further lined his pocket and fallen in to that trap. 

Here is the few messages of the book:

1. When you own something, it is either putting money into your pockets, or taking money out of your pockets. Owning a business or earning royalties creates income. Owning a house and a car incurs expenses.

2. Try to own things that put money in your pocket.

3. If you rely on earning a wage or salary to put money in your pocket, you will be forever caught up in the vicious cycle of needing money, earning money and spending money.

There you go. That's the big message this book will impart to you, and it will do it slowly and repetitively in the first three chapters, leaving the remainder of the book for the author to drone on and on about how turned $60,000 into $80,000 without ever going into specifics.

Early in the book the author lists royalties as a form of income. Later in the book he disparages a young writer who laments that she hasn't been "discovered" yet. He tells her to take courses in marketing, which horrifies her (as it would me). He goes on to explain that his best-selling books are best sellers because he knows how to market them.

He writes about 200 pages of repetitive, non-specific advice with only one interesting message (see above). I mean this book could've been 150 pages long and it would've been sufficient, but after the end of each, the book has it's summary and just repeating the same thing that was mentioned in previous chapters and it's summary gets repeated in next chapter too. 

My main take from the book is to invest in things which buys you money, not takes money from you. That's it. Everything else was more or else bullshit, repeated bullshit, or downright offensive. Also this dude's superhero is Donald Trump 😂😂😂

Argues that a good education and a secure job are not guarantees for financial success, and describes six guidelines for making money work for you.

What the Rich Teach Their Kids about Money-- that the Poor and Middle Class Do Not!

Ivaylo Durmonski

Rich or poor, it doesn't matter, I will suggest this book to everybody looking for a way to upgrade his financial skills. Rich Dad Poor Dad by Robert Kiyosaki teaches us what schools and parents failed, ways to live a happier life by making money work for you. Full of personal stories and practical advice, this book is highly recommended for you and your whole family. Read my full review: https://corehustle.com/rich-dad-poor-...

Lance Willett

A simple and straight-forward read on financial literacy and the basics of investing. Filled with smart tips like "It's not how much you make, but how much you keep." and "More money will not solve your debt problem."

I recommend it as a motivational book, if nothing else.

Rich dad poor dad with updates for today's world--and 9 new study session sections

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