Rich Dad Poor Dad By Kiyosaki, Robert T 2Nd (Second) Edition (2011)

This book succeeded in its goal I think: to impress on me (ie, the reader in general) the value of being financially literate. And also to impress on the reader the almost universality of financial illiteracy. The writing is blatant and unapologetic, and all the more illuminating for it. Here’s one fabulous quotation: When the supermarket has a sale, say on toilet paper, the consumer runs in and stocks up. But when the housing or stock market has a sale, most often called a crash or correction, the same consumer often runs away from it. Kiyosaki writes excellently, and the book is short, but it would still have been better to be about half the length it is: the first 7 chapters are really good fun, telling the story of how two small boys (one of whom is Kiyosaki) are groomed by Mike’s (the other small boy) dad in the ways of business.The remaining chapters are much drier, formulaic checklists, which look good to dip in and out of as the need/interest arises, but are not particularly fun to read straight through. Definitely worth the read though. Take home message: you create value in your life. Do you want that value for yourself, your family and those you choose, or do you want to surrender the majority of it to some distant employer or government? Not covered in Kiyosaki’s book is any mention of ethics. He does not deal at all satisfactorily with the impression that his success (and the success of very many of the rich) is based off the suffering, ignorance and foolishness of others (it seems a large proportion of his wealth is related to foreclosure business, and dodgy training courses for the bright eyed but dim witted). So although I disagree with his (sadly absent) ethical stance, it seems there is a lot to learn from his ideas (essentially, deprogramming ubiquitous and counterproductive cultural assumptions around surrendering ones value creation to (frankly, undeserving) third parties, be they corporate or governmental), and I think there is almost certainly a very good ethical grounding behind wanting to promote financial literacy in the world at large. Perhaps he thinks it is okay to benefit from those who are not yet financially literate, by teaching them financial literacy as hard as possible. Sounds reasonable! With caveats and in theory, if perhaps not in practice :) Very interesting read anyway. Once again, I am reminded of five of Kahlil Gibran’s timeless words: Work is love made visible. Kiyosaki definitely provides some practical inspiration for that. (Also, thank you Guy for telling me about this book! :) (taken from my blog here: [...]

Wow! What can I say? Such an amazing book, so much to learn, a must read for everyone. The book teaches so much about finance and how to make money work for you. This book started a chain reaction in the financial area of my life. It made me invest more in knowledge and myself. And I have started seeing results since the first day I started reading it. Don’t think twice, just buy the book. The quality is also amazing. Love it.

I purchased Rich Dad Poor Dad after it was recommended by work colleagues. It was thought provoking as it focuses on making money working for you. It helps you to focus on your true assets and liabilities and makes you think about getting assets first to fund the niceties you want rather than buying the niceties first. The book is simple, easy to follow, and ideal for starting out on your financial journey. I would have liked more practical guidance, rather than the majority of the focus on mindset mastery. Overall, it’s a good starting point for anyone wanting to rethink their approach to money, but would work alongside more practical financial guidance. Pros • Easy and engaging to read • Strong focus on mindset shifts • Clearly introduces core concepts Cons • Limited actionable advice • Some repetition and idealism Recommended for those at the start of their financial education journey.

Excellent book, this will change your mind

Rich Dad Poor Dad completely changed the way I think about money. Kiyosaki’s lessons on investing, financial education, and building assets are clear, practical, and easy to understand. I’ve started applying his principles in my own life, and it’s already making a difference. A must-read for anyone who wants to take control of their finances and think like the wealthy. Life-changing advice that sticks with you.

Valuable read any time.

I first read this book 15 years ago when I was a secondary school boy. The lessons this book taught have withstood the test of time well and dare I say it, become even more relevant in the post financial crisis world. This book offers uncommon common sense for those who are not born into rich families who have mastered the art of growing, accumulating and safe guarding their wealth. More importantly, it teaches us how to take the very first step towards achieving financial freedom, freeing themselves from the tyranny of our bosses and being slaves to our job. I only wished I had re-read it sooner, but it's never too late to read this best seller.

A great book to read as a first read. Unfortunately, I started with Robert's second book Rich Dad Poor Dad: What the Rich Teach Their Kids About Money. This book is basically the same but it describes his Robert's youth. I found the second one to be much for elaborate and interesting, to the point. To my greatest sadness I think this book is very slow at explaining the point, it is repetitive and hard to read because it gets boring after a while. Maybe it;s my mistake to have read the second version first but I would still recommend for parents or just for general knowledge. Robert does have amazing point to consider on how to raise children.

This book will tech you the principles of building wealth, which are also the principles for living a good life. I enjoyed reading it because most of the teachings came in a story form. If you want to live a better life, take action now and start here!

Good advice to get out of the rat race. Maybe this is just an introduction but it gets the mind ready for action.

This book changed the way I looked at money and financial planning. Lucid language, real life simple examples make this book highly effective I have already started using the models in my financial planning

Before reading this book, I had zero knowledge about money. The book presents great ideas that anyone can start applying right away.

I would recommend everybody to read this book. It is really inspiring and eye opening. It not only shows how money works but also it teaches you a lot about yourself and why you are stuck in the same situation all the time. Thank you very much Robert T.Kiyosaki for sharing what you know with the world.