Rich Dad, Poor Dad is about what the author as a rich person think about money and money making. He generalizes and stereotypes lavishly to drive his point. The good thing about the book is that it does tell you how rich people think about money. It actually explained to me why rich people do what they do, something which has deceived me for a long time.
I would disagree with most of messages in the book. Nonetheless, the book did make me ponder about my beliefs about money a lot. So in that sense it was an engaging read. One advice which I found useful was to always spend your income on assets, not on liabilities and to reduce your expenses. He advices to go for luxuries using money that is generated using assets. Valid advices that the rich and poor can use alike.
it is a really good book. First thing you notice is how it is written in a conversational manner. It peaks your curiosity and then you just get sucked into it. it deals with the subject of Financial intelligence and I am so glad I read this. A must read!
Updated October 23, 2018 Read this book two years about and most of what the author says still rings true. While I am not in the same financial situation I was two years ago, I am still not making those major changes I need to make. This book is the kick in the ass I need to push through and get things done so I will have a successful 2019.
While I do not agree with everything in this book, at least 60% of it rings true. I learned a lot reading this book and I will be putting a lot of what I learn into practice.
January 11, 2016 This book really gets you to think outside the box. It also get you fired up about your financing and makes you question how you have been dealing with your money in the past. While I did find the book inspiring and it did get me fired up to take control of my finances, I found for the most part, the book did not offer practical steps for a young professional. I also found it was a little too much real estate based. A good read overall.
This book has been repeatedly referenced by authors I respect, and the curiosity got the better of me. Clearly. Because I read the whole book, thinking there must be something salvageable somewhere. However, I finished it disappointed. The author's greatest weakness is not that he doesn't understand money. He does well. Rather, he gets on the cusp of cracking a code for his readers...and then breaks into a swagger and bravado about his own accomplishments + income.
Edited down, this is what you need to know: Have assets, not liabilities.
There are far better books available with simpler, straight-forward, 1-2-3 steps to follow when building financial security. Bottom line: look elsewhere.
This book is not just about money. It's about how we are taught to think; how we are programmed by schools, family, and friends to look at the rich as greedy no good bloodsuckers and opportunities as risks. It is an attempt to reprogram minds to look at why we do what we do.. why do we buy all these shoes, clothes, cars, jewelry.. have we earned it or are we just trying to maintain an image?
To me the most important thing it teaches is that being educated is the key.. educated in our motives, in money, in the world around us.. educated does not always mean a degree lessons can be learned anywhere at anytime..
The book is great for people like me who think in pictures and in theory. He explains his financial theories clearly and adds diagrams to explain how money flows into and out of our wallets. I have read other financial self-help books and they were too detailed, too "do this...do that..." For me that didn't help or motivate me because, I don't do anything unless I want to do it. Other books never really gave me the why. They told me what I needed to correct.. but if I don't see anything wrong in what I am doing.. why should I take steps to correct it? This book broke down to me the whys. And now I am ready for action.
Rich Dad , Poor Dad (Rich Dad #1), Robert T. Kiyosaki, Sharon L. Lechter
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter.
It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial IQ) to improve one's business and financial aptitude.
Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki's life.
تاریخ نخستین خوانش: روز شانزدهم سپتامبر سال2011میلادی
عنوان: بابای پولدار بابای بی پول؛ نویسنده: رابرت تی کیوساکی؛ شارون ال لچر؛ مترجم: پروین قائمی؛ تهران، معیار اندیشه، سال1385؛ در270ص؛ شابک9646617751؛ چاپ دوم و سوم سال1386؛ چاپ چهارم سال1387؛ چاپهای پنجم و ششم سال1388؛ شابک9789646617759؛ چاپ هفتم سال1389؛ چاپ دوازدهم سال1392؛ چاپ سیزدهم سال1393؛ موضوع سرمایه گذاری امور مالی از نویسندگان ایالات متحده آمریکا - سده 21م
افراد، با آگاهی از گردش مالی، قادرند، خوشبخت و مرفه باشند؛ شم مالی، نوعی جریان فکری است، که از راه آن میتوان مشکلات مالی خود را حل کرد؛ جهان امروز، جهان پیچیده، متغیر، و بسیار بزرگتر از دنیای بگذشته است، در این دنیا، کسی جام جهاننما ندارد؛ ولی در این نکته نیزکوچکترین تردیدی وجود ندارد، و آنهم اینکه، تغییرات آینده است، که در چهارچوب ذهن ما، نمیگنجد، و هیچکدام از افراد پایین جامعه، از آن خبر ندارند؛ یکی از دلایل پولدار شدن پولدارها، و بی پول شدن بی پولها، و دست و پا زدن طبقه ی متوسط، در قرض و بدهی، این است که موضوع پول، صرفا در خانه مطرح میشود، و در نظام آموزشی هیچ جایگاهی ندارد؛ برای پولدار شدن، لازم است، نخست یاد بگیریم؛ که با مغز خود پول دربیاوریم؛ آدمها آنگاه واقعا فقیر میشوند، که از تلاش کردن، ناامید شوند، مهمترین مسئاله وارد شدن در میدان، شروع کردن به کار است؛ بیشتر آدمها یک عمر، درباره ی پولدار شدن، حرف میزنند و گاه تنها خواب آن را میبینند، ولی هیچکاری نمیکنند؛ داشتن ماشین و خانه ی حسابی، لزوما به معنای پولدار شدن نیست؛ آدمهای پولدار، پیش از پولدار شدن، نخست پایه های یک «امپراتوری مالی» را پی میریزند
تاریخ بهنگام رسانی 19/09/1399هجری خورشیدی؛ 09/08/1400هجری خورشیدی؛ ا. شربیانی
This book has a picture of the author on the cover. I should’ve considered myself warned. But here’s the thing - I’m 28 years old, married with no kids, spent the better part of the last 10 years at uni and I work full time. I have spent my entire life studiously avoiding economics, finance, accounting and all associated disciplines, instead always choosing the history/politics/social sciences path, and then studying law. As a result, I have a big gaping hole in my knowledge, and no idea about what to do with the money that I’m currently saving. Also, I have this thing where I through phases of obsessively reading and learning about new things. A few months ago, it was fish and aquariums (I’m not kidding). Now, it’s learning about.. finance. I actually can’t believe I’m writing this, but .. I am.
Rich Dad Poor Dad is a book that both taught me some things, and made my blood boil. It 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. But it also scared me. This book is a libertarian’s wet dream that was written to be a bestseller. He won, I guess.
It’s terribly written – it really is abysmal. This book bats you over the head with a few ideas (one of which is that The Poor should just stop being so poor!) through numerous “conversations” with his Rich Dad (who is supposedly the father of his friend). It’s horrendous dialogue; it actually.. I just can’t. It’s horrible. It talks about his father (the Poor Dad) who is university educated and hard working, but supposedly foolishly believes that getting an education and then a secure job is a waste of time. Education – what a joke, right? What a waste of time and money, that could otherwise be spent on high risk ventures that will always make you millions. That can be further invested to make billions. Rich Dad, however, never finished high school, and owns numerous companies that employ The Poor (read: stupid idiots) who work for him, because they’re The Poor. Rich Dad teaches us how The Rich do things, and why that’s all we need to do to join their ranks.
The thing is, not everybody is afforded the same opportunities, and the point about high risk, is that risks are high. Sometimes it all comes crashing down. The world is not comprised of “the rich”, “the middle class” and “the poor” and even if you look at it that way, it is a dangerous (and derogatory) to consider that people are poor because they don’t make their money work for them. Because they’re “losers” (I shit you not) who are too scared to take a risk.
It is fervently anti-intellectual. It totally disregards that not everybody has the capacity or opportunity to “pay themselves first” before paying bills, or quit their job to make money work for them. Money doesn’t just come to you if you try hard enough. Sometimes you need to actually pay your bills because there are real life consequences to failing to do so. Like, your utilities being disconnected. Your credit rating being destroyed.
In my view, and in reality, not everybody can be an employer. Employers need employees. There is actual intrinsic value to things other than being an employer, running a company, and making money. Things like, helping people, making things, research, writing, hell – even working. I find it scary, that people would pick this book up, be motivated by it (because if nothing else, it’s motivating. Because everyone can be The Rich!) and be lulled into a false sense of entitlement, purpose and safety by its messages. I imagine that in person, Kiyosaki is a cult leader type person.
As I mentioned, I’m not well versed in financial or economic things – but I can smell bullshit and see when inconvenient facts or complications are glossed over. This one is getting filed in the bin, and I’m going to continue my learning elsewhere!
The exact rating is two and a half stars. I know it’s a best-selling book, but somehow it didn’t give me that best-selling feel throughout the read. The first few chapters were pretty interesting. Although I have a very trace amount of knowledge regarding finance and accounting, I felt the need of having some assets. And this was probably the only useful thing I could extract from this book!
The author repeatedly talked of his financial literacy and in some parts, it felt like he is being really proud of his achievements. Well, he can be proud. I don’t have any issue with that. But I really don’t like bragging! So, there the book lost its charm to me.
Besides, the author is very successful to make the reader to feel miserable of being poor or middle class. But, does he show the reader any clear path to overcome their ‘miserable’ situation? NO! He just repeatedly tells you about your miseries and that’s all!
Anyway, the book was able to make me understand the importance of financial literacy and I guess that was the main objective of the author. So, keeping it in the middle of liked it and didn’t like it!
If you search for the best non-fiction (business) books list, the one that is popular even today is “Rich Dad, Poor Dad” and after reading it, I understand why. It’s one of the best books on finance and it changed my perspective of looking at money.
Told in an interesting and engaging manner, Robert Kiyosaki advocates the importance of financial literacy. By using anecdotes from his life and the lessons he learned from his two father figures, the author explains the difference between the mindset of rich and poor regarding money.
In this book, the author points out the traditional mistakes people make while handling their finances and how the educational system does not focus on financial literacy. Therefore, he encourages people to learn about accounting, financial market, taxes and investing.
One of the fascinating things that stands out in this book is the stark difference between the point of view of the rich and poor person of looking at money. The rich dad sees money in a positive light which is at odds with the popular opinion about money.
Overall, this is an informative book. It made me interested in learning about finance and managing money in a better way. If you want to learn about finance, I highly recommend this book.