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Rich Dad, Poor Dad Hardcover – 1 Jan. 1730
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- LanguageEnglish
- PublisherWarner
- Publication date1 Jan. 1730
- ISBN-100739413937
- ISBN-13978-0739413937
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Product details
- Publisher : Warner (1 Jan. 1730)
- Language : English
- ISBN-10 : 0739413937
- ISBN-13 : 978-0739413937
- Best Sellers Rank: 1,783,315 in Books (See Top 100 in Books)
- 376 in Personal Financial Planning
- 1,333 in Personal Finance Budgeting
- 2,388 in Personal Money Management
- Customer reviews:
About the author
Robert Kiyosaki, author of Rich Dad Poor Dad - the international runaway bestseller that has held a top spot on the New York Times bestsellers list for over six years - is an investor, entrepreneur and educator whose perspectives on money and investing fly in the face of conventional wisdom. He has, virtually single-handedly, challenged and changed the way tens of millions, around the world, think about money.In communicating his point of view on why 'old' advice - get a good job, save money, get out of debt, invest for the long term, and diversify - is 'bad' (both obsolete and flawed) advice, Robert has earned a reputation for straight talk, irreverence and courage.Rich Dad Poor Dad ranks as the longest-running bestseller on all four of the lists that report to Publisher's Weekly - The New York Times, Business Week, The Wall Street Journal and USA Today - and was named "USA Today's #1 Money Book" two years in a row. It is the third longest-running 'how-to' best seller of all time.Translated into 51 languages and available in 109 countries, the Rich Dad series has sold over 27 million copies worldwide and has dominated best sellers lists across Asia, Australia, South America, Mexico and Europe. In 2005, Robert was inducted into Amazon.com Hall of Fame as one of that bookseller's Top 25 Authors. There are currently 26 books in the Rich Dad series.In 2006 Robert teamed up with Donald Trump to co-author Why We Want You To Be Rich - Two Men - One Message. It debuted at #1 on The New York Times bestsellers list.Robert writes a bi-weekly column - 'Why the Rich Are Getting Richer' - for Yahoo! Finance and a monthly column titled 'Rich Returns' for Entrepreneur magazine.Prior to writing Rich Dad Poor Dad, Robert created the educational board game CASHFLOW 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him. It was those same strategies that allowed Robert to retire at age 47.Today there are more that 2,100 CASHFLOW Clubs - game groups independent of the Rich Dad Company - in cities throughout the world.Born and raised in Hawaii, Robert Kiyosaki is a fourth-generation Japanese-American. After graduating from college in New York, Robert joined the Marine Corps and served in Vietnam as an officer and helicopter gunship pilot. Following the war, Robert went to work in sales for Xerox Corporation and, in 1977, started a company that brought the first nylon and Velcro 'surfer wallets' to market. He founded an international education company in 1985 that taught business and investing to tens of thousands of students throughout the world. In 1994 Robert sold his business and, through his investments, was able to retire at the age of 47. During his short-lived retirement he wrote Rich Dad Poor Dad.
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Like all of these books, best taken with a pinch of salt.
VERY American hard sell throughout. Like all such books, they never mention all the business failures, the homeless and poor who lost it all when trying to get rich.
But worth dipping into, in parts.
You cannot argue with one Kiyosaki's opinions. Our (and the American) education system just does not teach you how to deal with personal finance. If it did, Barclaycard would be in receivership. Understand the value of a pound and make it work for you - it shouldn't be such a distasteful subject. Kiyosaki offers some basic common sense approaches that you could apply in order to make your money work better, but he often qualifies advice by stating the approach may not be right for you. Therefore step one could be Learn to Understand Yourself and Your Motivations. Once you've done that, apply your mind to making money if it interests and excites you. If it doesn't, fair enough. Perhaps the process will help you discover what actually does make you tick.
For those interested in making a stack, then the advice is again about learning. Choose who and what you learn from - teachers, friends, books, tapes, seminars. Look for new approaches. Find people who want to buy and sell something to them. Try to make your profit when you buy, not when you sell. Investigate stocks, real estate, whatever. Find people who can do a good job for you and reward them well. I especially liked his advice that you'll only receive when you learn how to give, and as the book progressed Kiyosaki seemed to "lighten up" a bit more and came across a bit more human. In the later chapters he relates a lot more personal anecdotes and pithy tales about the upsides and downsides of trying to make money. It's not all a bed of roses, but it shouldn't be life or death either. Making money is just a challenge, and you should enjoy it. If you're successful, you can reap the rewards, even if that's choosing to donate it to other people or causes.
In summary, the book is an easy and likeable read. I'm sure most people will get something out it on their road to understanding. Will this book make you rich? Of course not. The only thing that will do that, as the book constantly reminds you, is you, your brain and the action you take.
A MUST READ.
on the path to becoming financially independent of their jobs.
There are 2 ways to look at this book.
One way is as i did to look on it as a kick up the backside to your way of thinking about what assets are and what aren't and how you can apply legal tax laws to re-invest and then spend money you earn from those investments BEFORE paying taxes on it. This in turn makes you wealthier.
The second is to delve deeper into the author -It is said that when people researched the author he had no discernable business interests UNTIL he wrote this book so the book is in fact his own way of becoming
financially independent - If you sell one million books telling people to change their thinking on money you automatically become as successfull as the book implies.
There are folk who will tell you that this book reeks of the second but if you do as one of the Authors main detractors did then in my opinion you deserve what you get.
I myself used it as a guide to reminding me that if you use some of the wages from your job to buy bonds and other income generating assets then eventually you will start to see some money back. As long as you don't expect to trun into the next Donald Trump or Richard Branson just by reading this book you'll be fine.
If i was thinking of buying this book i would say it is quite a long read with the author repeating himself, persevere and you may gain a little insight into how money works - you'd be surprised. I already knew a lot of what this book teaches because i have some friends who are self employed and claim the cost of a car (purchase, fuel, tax, insurance, parts) as tax free income, along with business clothes and certain other things. That is sort of what is going on here.
It's important to note the author DOES NOT tell you how to make the money i.e. he doesn't say go out and buy a repossesed house and rent it out then buy municipal bonds etc, he only advises you to look at your income and what you spend it on a different way.
I've no doubt it'll help most folk but not in the way you think....
It combines a lot of eastern philosophy into it, so warning for those who are not fans of philosophy, this book is quite philosophical at times, but with purpose to drive home a very important logical point about humanity.
Leveraging human behaviour and understanding to produce the desired results is what this book is all about.