This book is a gem. It gives you simple explanations of how money works. It will not give you any trading tips, but it helps you understand the things no one teaches us in the school or at home. The financial insights aid you to take action, and be your boss. Many people don't like this book, but I think every novel is different and written by diverse authors who have distinct experience makes it more interesting to read. Whether you're an experienced financer or a newbie, this book is perfect for you. I highly recommend it.

Read the detailed review here -https://www.bookscharming.com/2020/07...

Fun fact, this book caught my attention because the title looked gay.

I kept reading despite this because I've officially started MBA courses and I recognize that if I won't find something to love in Business, I will not be able to complete this degree, let alone succeed. That is a shame because people's amazed faces when I share my degrees is such an ego boost (which I desperately need cause cheers for crippling imposter syndrome).

In short chapters, Kiyosaki shares the financial education he received from "rich dad", the father of one of his friends. He compares it to the financial advice his own father gave him. The argument is that most people stay unhappy with their financial situation because they don't own any assets and they end up working for others, rather than for themselves. While his own father encourages him to seek an education and a stable job, his rich father helps him become financially educated.

The book is written in a very accessible way. It's clear that his target audience is frustrated people who lack knowledge and he definitely manages to make his messages come across. However repetitive, this book is short and easy.

I fear this is the end of positive things I can say on this book. As others have pointed out, Kiyosaki recognizes the importance of professionals and educated people and yet, consistently bashes them. Much of this book is filled with condescending and rude rhetoric towards intellectuals and the working class.

Here's the thing. Labor is necessary. With this in mind, not everyone will be able to apply these lessons because ultimately, in our current age, you're still going to need someone down the line doing the actual labor. Jeff Bezos can get richer with his assets but his entire company rests on the people working in delivery and packaging. So really, Kiyosaki's condescension makes little sense. His own company requires lawyers, accountants, etc, who are all educated people. Without workers, both educated and not, Kiyosaki's "financial education" means nothing. He can say these people are in the "rat race", that they're forever working for someone else but what he proposes seems to be "let's gain wealth on the backs of others!".

Really, I hesitate to stand behind the "eat the rich" crowd but damn, studying business is making me an actual communist.

In fact, I found myself grateful that I'm studying Politics, Philosophy and Economics before approaching Business. At least Economics has the dignity to pretend that it's for the benefit of others, that the market benefits from greed. Business seems to be a field for people who simply want to be rich and powerful without caring about the societal impact of their behavior (whoops, is this the right attitude to succeed in my MBA?).

Now, up until the fifth chapter, I was able to excuse this book as greed inducing and that's it. However, in the fifth chapter, Kiyosaki gets into taxes. He rightfully points out that rich people don't pay taxes so that the weight of taxes fall on the shoulders of the middle class. At this point, I had hoped Kiyosaki was ready to look at the social impact of his ideas.

Obviously not. Instead, Kiyosaki claims that this will always be the case because the rich are able to evade taxes. This is a confusion of normative and descriptive. It is true that the rich do not pay taxes however, is this what we ideally want? Somehow, Kiyosaki seems to feel that since the rich do tax evasion, we should all strive to be like the rich and evade tax. Doesn't it make more sense for the government to force the rich to pay the taxes?

Kiyosaki seems to suggest that it's inevitable that the rich will find loopholes. However, when corporations have such an impact on politics in the US (for example, if you still have some faith in the American democracy,read this paper!), it should come as surprise to no one that they evade tax. This means that the group who is screwing people over is the rich (*coughs* rich dad is a thief), and not the government, unlike how Kiyosaki wishes to present it.

Then, he talks about healthcare and old age care. Again, he portrays some of the challenges the middle class faces yet he pretty much lost the last bits of my respect when he referred to American healthcare as "socialized". My dude, have you looked at other developed democracies?

Really, the American centric nature of this book was too much for me. Like, come on, your defunct welfare state is not something to be proud of. There are other forms of capitalism which are not socialism and do include social benefits. There are other ways to build an economy.

Things don't improve from here. The book ends with more ego-stroking. To conclude, yes, financial education matters but part of financial education should be some form of social thinking. Basically, Economics and Business can't be studied alone, this is a recipe to creating selfish villains, poor dad was right all along.

What I'm Taking With Me
- Don't even get me started on his comments on unions.
- I just have so much disdain for business. For example, in my reading today, the textbook cheerfully pointed out that some airlines have "informal job descriptions" where workers "pitch in!". The flight attendants also help clean the plane and the pilots also load luggage so the company is very cost efficient. Or in other words, the airline essentially robs workers fair payment from the labor they do. This shouldn't be applauded. Frankly, this should be illegal, what the heck does an informal job description mean? #Elizabeth_Anderson_is_right
- Well, time to continue my finance homework. Can you guys believe I've started to keep track of the stock market? What's happening to me??

-------------------------------
Life in a post (???) Covid country can be summed up as constantly going "when is it okay to be without a mask, is it still socially acceptable to avoid strangers, ahhhhh, everything feels wrong and I am stressed"

Review to come, once I figure out how this period of time is meant to work

نجح كيوساكي نجاح باهر في نقد التفكير السلبي الذي يبقي الفقراء فقراء
اتفق تماما في أن الشهادة الدراسية مهما ارتفعت فهي بالكاد تكفي العوز
كتاب يحاول فيه الكاتب ذو الثروة الكبيرة أن يقول للفقراء والمتوسطين .. هنا طريق الربح والثروة المتاح للجميع وقليل من يفكرون فيه
أنا جديد على مثل هذا الكلام وكثير من تفاصيل الربح والاستثمار لم افهمها ..
لكن يبدو الكلام منطقيا ويستأهل التفكير فيه بجدية
..
تبدلت فكرتي عن الكتب التي تعلم الحصول على ثروة .. هي كتب لديها الكثير لتعلمه

Rich Dad, Poor Dad is easily one of the most insightful and useful books of our generation. In an ever changing economy it is important for people to have not just academic intelligence but financial intelligence in order to be successful. This book gives so much information that many people never learned in school, college or from their parents. This book teaches smart ways to invest and ways to make your money work for you instead of having to work for your money.
This book appeals to all types of people. Whether you be a middle aged adult in a poor financial status, a rich person who doesn’t know what to do with their money or a young teenager hoping to succeed in the brutal economy of America this book will help. Kiyosaki gives many examples of why people fail to succeed with their financing and how people can better themselves in the long run. He also presents all his information in a very simple and easy to understand way and there was never a time where I felt lost in what he was saying.
Some of the down sides to this book are that he gives very few examples of the different ways you can invest. Since the author is big into real estate most of his examples are based on things that he has done. However, real estate is not easy to get into and many people would not enjoy doing this kind of investing.
Overall this book is a very good read and it is important that everyone read some kind of book, if not this one, that relates to financing in order to have a better future. I was oblivious to the information provided in this book but now that I know how real finances work I feel prepared to face my financial situation head on.

I thought this book was great! Along with being a very pleasant read it had many valuable financial lessons to teach us. I’ll quickly go through some of the very important points.

We really don’t get taught anything about financial management in school. I’m shocked at how many of my friends know nothing about how their credit card works, let alone how to use simple accounting to correctly assess their financial position. We need to have financial literacy to survive.

The book explores the types of financial management lessons the rich teach their children. These are the lessons that the poor and middle class miss out on. They are simple and basically revolve around learning as much as possible so that you can make educated decisions about money. Most importantly, this book gives you some basic ideas of things you will need to learn more about.. so you’re not just learning useless facts and you are in fact learning the right things to become financially literate.

A most important thing to learn from this book is that you don’t get rich working for money. Wages will only keep you just above broke. Seriously, how many times do we have to be told this before we believe it enough to change our lives? Get out of the rat race!

“Most people never see the trap they are in.” — Robert T Kiyosaki

Most people work because they are afraid of not having money or they desire things that they think will make them happy. Then they are stuck working for fear of losing that income. They want security. The aim is to not let money run your life. Curb your desires and don’t be afraid of having nothing. Beware of the hole in your pocket. Don’t let your emotions rule your decision making. Think with your head!

“With each dollar bill that enters your hand, you and only you have the power to determine your destiny. Spend it foolishly, you choose to be poor. Spend it on liabilities, you choose to be middle class. Invest it in your mind and learn how to acquire assets and you will be choosing wealth as your goal and future. The choice is yours and only yours. Every day with every dollar, you choose to be rich, poor or middle class.” — Robert T Kiyosaki

Learn to correctly identify assets and then buy assets. For most people, a home is a liability not an asset. Assets put money back into your pocket. Make every dollar you get work for you. Invest it. Then it will come back as more income. Easy!

“Build and keep your asset column strong. Once a dollar goes into it, never let it come out. Think of it this way, once a dollar goes into your asset column, it becomes your employee. ” — Robert T Kiyosaki

Always make sure you pay yourself first - and that means assets, not splurging! If you invest your money wisely it will create the income you need to pay the bills later. Plus, it will scare you into making your brain think about how to create some more money in the meantime. Forbid the words “I can’t afford it” and replace them with “How can I afford it?”. You’ll turn your brain on and force it to come up with a solution.

Learn legal ways to avoid paying so much in taxes. Protect your investments through corporations. Corporations pay less in tax than the highest income brackets. Now, due to the tiering structure in Australia you’d have to be earning quite a bit before a flat 30% tax rate was less expensive than your tiered rate. But the point is to LEARN. Find out about taxes and legal ways to minimise them. Talk to an accountant about your current situation. Hire intelligent people to help you.

Don’t just do what everyone else does. Educate yourself and then take educated risks! You’ll get better at it every time you try it.

“Sometimes you win and sometimes you learn.” — Robert T Kiyosaki

Ensure you have enough money not tied up to be able to take advantage of good opportunities. Just like when you are playing Monopoly, you need to ensure you have sufficient cash to buy properties in auction or you could miss a bargain.

Young people should develop investment portfolios before deciding to own a house. The benefits of the extra years on the portfolio are phenomenal. What are the best types of assets? Things that make money by themselves: Businesses that don’t require your presence, managed funds, stocks, bonds, royalties and income-generating real estate.

“Money is only an idea. If you want more money simply change your thinking” — Robert T Kiyosaki

To start off with, most people need to earn a wage to get their initial funds for investing. This doesn’t have to lead to a career. Choose jobs according to what you will learn from them. Groom yourself as a CEO would groom an young, rising star. Learn a little bit about everything and try not to over-specialise. Specialisation is a risk in itself. What happens if that profession becomes redundant? Where will you be then?

Get over your fear, cynicism, laziness, bad habits and arrogance. Fear of losing, rejection, lack of money. We learn by making mistakes. Make some! If what you’re currently doing isn’t working you have to change it. Stop being a cynic and ask wealthy people you know how they did it. Find role models. Read books. Look for new ideas. Go to seminars. Learn! Beat laziness by asking yourself “What’s in it for me?”. Get off your butt and do something about your situation. Now!

“A person needs to sit down and ask, ‘What’s in it for me if I’m healthy, sexy and good looking?’ Or ‘What would my life be like if I never had to work again’ Or ‘What would I do if I had all the money I needed?’. Without a little greed, the desire to have something better, progress is not made.” — Robert T Kiyosaki

To receive you must give. Give generously. Teach others what you know as you will learn more also. Help others to have what you want as you will gain also. Give money to charity. Smile at people. Help others gain contacts and sales. What you give will come back.

- Curb your desires and get rid of the hole in your pocket
- Make every dollar work for you
- Always think "How can I afford it?"
- Change what you're doing to something that works
- Learn about finance, accounting and taxes
- Learn about business communication, sales, advertising and PR
- Learn about management: cash flow, systems, personal time management and people
- Get over your fear of rejection and fear of failure
- Work with people smarter than you are
- Work to learn
- Give generously
- Learn about investment options
- Learn about how to raise money to finance good opportunities
- Keep your finances ready to take advantage of a great deal
- Always keep your eye out for good investment opportunities
- Make offers
- TAKE ACTION!!

“Action always beats inaction.” — Robert T Kiyosaki

Personal plug - I originally reviewed this book for my self-help blog, which is here: http://bootstrapyourlife.net/

Lots of great advice, and comforting to know I’m already doing some of this with the limited knowledge I’ve got. Have to say that as comfortable or as uncomfortable as I am at this point in my life - I don’t have any deep desire to be as wealthy as this man.

Only thing that really bothered me about this book was being distracted the whole time wondering how his poor dad might’ve felt about the way he was portrayed. I think I might’ve been a bit hurt if I was the poor dad…

I also have to admit that I cringed every time he mentioned Trumpy...

This book goes on my shelf of four books I read over and over, books I read devotionally. It totally revolutionized my outlook not only on making money, but also on education. I wish everyone would read this. I wish the close-minded, those who graduated from whatever school they attended and haven't allowed themselves a new thought since, could break through the stone walls they have erected around their souls and let this in. This message can save our world! I am not exaggerating.

(May 24, 2016) I just finished re-re-re-reading Rich Dad, Poor Dad. From the first chapter it was like watching a fireworks show. The insights! Admittedly, I love seeing things in a new way, and I love having a different take on things. What Kiyosaki has to say on education should be broadcast, read, and studied, and all education systems in the world should take him into account. If a lot more people would read and take to heart his financial advice, I think the world's economy would be much better. Now I have to go out and live this. And I'm starting the book over tomorrow.

إذن... احتاج مني الأمر 4 شهور، 7 فصول، و165 صفحة.. عشان أوصل أخيرا للـ (آها مومنت) اللي كنت أنتظرها -واللي بدأت عشانها أقرا هالكتاب.

يوم خلصت النصف الأول من الكتاب، كنت أجد صعوبة كبيرة فعلا في إكماله إلى النهاية، رغم اهتمامي بموضوع الثقافة المالية ورغبتي في التعلم.. بدا لي أن لغة الكاتب غير موجهة للقارئ العربي إطلاقا، وأن الإطار المالي للفرد في المجتمع الأمريكي هو مختلف بالكامل عنه هنا. نظرة الكاتب كانت مستفزة بالنسبة لي -وأنا المتحمسة بخطواتي الأولى الخجولة في عالم المال والأعمال- وهو يقول أن المال وهم مختلق، وأن الطامحين للثراء هم ناس يحركهم الخوف أو الجشع، وأن الأمان الوظيفي لايحمل أهمية إلا للكادحين الجبناء. حتى أنهيت الفصل السابع (من أصل 10 فصول) وانا أحس بملل غير طبيعي.. وأفكر: هكذا إذن.. كتاب سخيف من 230 صفحة ماله أي فايدة ولا هدف إلا إقناعك بترك الوظيفة والتوجه للعمل الحر.

في الفصل الثامن، بدأت الأمور تختلف بشكل ماتوقعته.. ما أقول إني اتفقت مع الكاتب في كل فكرة قالها، لكني بدأت أشعر (أخيرا!) أنه يقول كلام مثير للاهتمام ووجهة نظر تستحق القراءة. الفصول الثلاثة الأخيرة رفعت تقييمي للكتاب من نجمة ونص إلى نجمتين ونص.. من خمسة. و سعدت إني امتلكت طولة البال عشان أكمل الكتاب وأوصل للجزء الأفضل فيه، واللي يشرح لي بطبيعة الحال مجموعة من الأمور اللي مااستوعبتها بطريقة سليمة في الفصول الأولى.

في النهاية، أنصحك لو كنت جاي من طرف أحد مادح لك الكتاب وموصله للسما.. انك تسوي فورمات للي سمعته، وتقراه كأي كتاب ثاني بدون توقعات كبيرة. في الكتاب كمية جيدة من التنوير المالي، وفيه فوائد جميلة استمتعت بقراءتها.. لكن توقعاتي المسبقة أحبطتني بعض الشيء في البداية.

Way back, when I was in college, one of my teachers recommended this book to me as a must read before I started earning. Characteristic of a college student, I ignored it completely. Wish I had read this way back! Needless to say, when I finished it, I recommended it to everyone I cared about.

This book is like a must read for Financial literacy (not education) - what is not taught in school nor the social set-up. Using anecdotes and simplified explanations, the author drives home the point of how becoming rich is a choice and how money can work for you. Not that everything is acceptable, but then, it is far more educational than the gazillion books on money / investment.

Using the two polar opposite viewpoints of Rich Dad and Poor Dad, the author explains his understanding of how to develop a healthy attitude towards money (which is basically a concept) and getting rich is a lot more mindset change and self control than opportuities. The leasons were hard hitting and you feel a bit restless of what the book is doing to you.

A must read!

کتاب "پدر پولدار، پدر بی پول" نوشته رابرت کیوساکی، از معروفترین کتابها در حوزه هوش مالی هست. این اولین کتابی بود که من در این حوزه خوندم و بنظرم جالب بود. البته ناگفته نمونه که نمودارها و اَشکال توی بعضی قسمتا برام فهمش سخت بود اما کلیت اون مطلب رو میشد فهمید.
رابرت کیوساکی از دو پدر صحبت میکنه. یکی پدر معلمش که پدر واقعیشه و تحصیلات بالایی داره اما همیشه درگیر قرضه و دارایی زیادی نداره. یکی پدر پولدارش که درواقع پدر دوستش مایکه و تا ۸ کلاس سواد داره اما پول روی پول میذاره. رابرت کیوساکی از اون آموزش مالی دریافت میکنه و به یه ثروتمند تبدیل میشه.
تو این کتاب یه سری نکات رو بهمون یاد میده که به واسطه پدر پولدارش یا به کمک تجربه شخصیش یاد گرفته. مثلا درباره مالیات و پول الکی به دولت ندادن، درباره تفاوت دارایی و بدهی، تفاوت شغل با کسب و کار و...
نکته مثبت دیگه این کتاب اینه که من مشتاق شدم بیشتر درباره هوش مالی بدونم و یاد بگیرم.
رابرت کیوساکی میگه آموزش مالی چیزیه که باید در مدارس باشه اما جاش خالیه. پس خودمون باید به سراغش بریم.

من ترجمه آقای محسن مجدی کیا از نشر آرایان رو خوندم و ترجمه خوبی بود. درباره بقیه ترجمه‌ها نمیدونم.

What struck me most among the different advices in this book is “spend only on things that will generate income for you” and it was in that part where the author describes the house of his Poor Dad – the tattered door mat, the creaking floor panels, etc. After reading the book, I thought it would be nice to do that but it is easier said than done. For example, when my daughter hinted that she would like to have PS2 when she was still young to understand the value of money, would I refuse or probably put up a notice on our gate that the PS2 is open for rent for say P10/hour until I get back its cost and earn some profit to generate income? How about the security of my home? How about if those boys do not take good care of the machine? How about if my daughter would like to use it? To some extent, I agree with what critics say about this book – that it almost has no concrete advice. On the other hand, the anecdotal lessons make this book easier to understand and like compared to investment books with all the business formulas and theories.

I bought this book on the recommendation of a client, and from page one I was feeling uncomfortable with it. I pushed aside the part of my mind that was shouting "This guy is trashing highly educated people and the working poor!" and I was able to actually become enthusiastic about the message of the book.

Here is the message of the book, and as far as I can tell, the only thing of value in its pages:

* 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.

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

* 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.

I then saw the $10+ I dropped on this book as just another dollar in his pocket. He writes about 200 pages of repetitive, non-specific advice with only one interesting message (see above), and people line up to throw money at him because of a compelling title and a tough-love story. Towards the end, I felt embarassed to be seen with this book in public, just like I'd feel for responding to a "get rich quick" spam mail.