Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. amazon.com

Robert Kiyosaki is probably the most popular teacher / advisor when it comes to personal finance and real estate investment; and for good reason! He knows exactly what he is talking about and teaches it in a way that makes his stories easy to relate to no matter what your present financial situation is. Once you pick up this book you won't want to put it down AND you will want to by the rest of his books too! I'd also highly recommend listening to his CDs and watching his educational videos too!

If you are going to get into Robert's teachings I highly recommend reading this book first. It's the basis for everything he talks about. It'll make reading the rest of his books much easier. Poor dad is like 95% of everyone while rich dad is like the wealthiest 5%; learn how to become a part of the top 5%. Learn why the rich get richer and the poor get poorer so you can change your situation now. Stop being lead around by others and take control of your money with Robert's info!

I give Robert's books my highest recommendation!

It was several months ago that I read this book, "Rich Dad Poor Dad", which is I think, really great. Rich Dad ideas are enlightening, aspiring so much. It mentioned assets vs liability, income vs expense. Rich dad said that your house is not an asset, but liability, as the house is taking money out of your pocket instead of puting money into your pocket. Rich dad also said that the biggest asset is your brain and your time. People must strenghen their mind and finance intelligence so that they may get out of the so-called "Rat Race".
The author of the book, Robert Kiyosaki, who is the 4th generation of Japanese, remind everyone of "mind your own business".It makes sense. All in all, it is a good book that is worthwhile.

Since reading the book Robert Kiyosaki co-wrote with Donald Trump, I wanted to read more about making money. This book is the advise that Robert Kiyosaki's "rich dad" gave to him. The advise is very good and inspiring for the reader. It won't make you rich, but it will encourage you to go out and make an effort to improve your skills and knowledge in order to make money work for you instead of the other way around. It was interesting to see the different points of view between the "rich dad" and the "poor dad". I would venture to say that most of us received the "poor dad" type of advise growing up. It was very familiar advise to me. Getting a look at the other side was good and gave me a lot of food for thought. I really enjoyed the book and would recommend it to anyone interested in the advise of a wealthy individual. Two things I learned through this book were: 1. The way we look at things is very important to accomplishing or failing at making money; and 2. That fear is one of our greatest obstacles to success.

Before reading this book, I had no answer to the question why the children of rich parents are rich and the descendants of poor people are poor, and why poverty is eternal while broke is temporary. I didn't know why rich persons quickly recover from bankruptcy while poor people even winning millions in a lottery sooner or later revert to the poverty again.

This is the first book I ever read that clearly and briefly provides the response to the question. What differs rich from poor is not how they earn their money but how do they spend their money. Rich people spend all the money on money-generating assets, and the rest is kept for luxury like big houses or nice cars. Luxury is merely a reward for a high cash flow from the assets. Not enough money comes from the assets - no luxurious toys. Poor is the opposite - they buy liabilities like a big house and a powerful car which besides mortgage and credit payments require a big sum of money to upkeep them. Thus the poor class is always in debt and is deprived of money required to purchase the sources of income.

The most of the case vignettes of the book are fiction, and the author warns not to follow them literally but to use them as a source of inspiration and imagination and always use your own brain and your own judgment. Do not treat this book as the author's biography, as it may have seemed so. When I read a chapter about the childhood of mr. Kiyosaki and his next-door playmate, Mike, I've found so much interest, stimulation, liveliness and variety in this section that I've instantly realized that it is a literary work of imagination.

Because of the author's excessive mixture of real names and thought out cases, some people may conclude that mr. Kiyosaki is trying to trick or deceive them (e.g. "John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad"). Please do not think this way about "Rich Dad Poor Dad", just treat it as a solid non-fiction framework with fiction illustrations.

I bought this book because, after reading a book Donald Trump and Robert T. Kiyosaki wrote together, I grown a liking to Kiyosaki and was eager to read his most popular book. "Rich Dad, Poor Dad" turned out to be one of the better books I've ever read, and I recommend it to anyone interested in the subject of money. It's a great starting point, to kick start your education on financial intelligence.

Rich Dad, Poor Dad by Robert T. Kiyosaki, Sharon L. Lechter (2000)is a very good book to learn concepts that will help to enlighten your wealth. Rich Dad is a very good profile to model to become rich. Poor Dad deserves a bit more credit than given in my opinion because knowledge is crucial to forming of wealth.

Most wealth coaches have this epic book in their arsenal and recommend it to their clients. For that reason alone, the Rich Dad series deserves kudos. In my opinion, as a wealth coach it is a great first step to achieve your goals to becoming rich. However, Robert does make it sound a bit too easy at times. Remember that nothing worth-while is always easy.

Good luck on your voyage to true wealth.

Chris Swain
Wealth Coach

PROS: Great Information
CONS: Some Information Redudant
OVERALL RATING: Thumbs UP - Get It!!

This book can change your life. Get this and read it or listen to it, whatever you choose - it will be worth the time and effort!!

His tone and posture in this book is that of a teacher which is something he takes from both his RICH and POOR dads. Mr. Kiyosakis' role in this book resembles another widely taughted philosphy except it focuses on Wealth, perhaps you have heard this before:

Give a man a fish and you feed him for a day. Teach a man
to fish and you feed him for a lifetime.
- Chinese proverb.

Teaching the importance of understanding terms like Asset
and Liability and concepts like Passive Income, Mr. Kiyosaki
explains using easily understood language and provides
real-life examples that you can relate to. His efforts
are directed at helping you to become financially
independant.

Neither rich nor wealthy (relative terms) by any means, I do feel that I am at the start of a journey with this aspect of my life. I will share that since reading the book and listening to the audio tape, I have purchased 2 rental properties that are now generating a small steady stream of passive income - while increasing in value. I have debt but it is considered GOOD DEBT and I have property that can be considered an ASSET --- You can too.

Rich with sound advise and expert insight - the authors, while somewhat repetitive, have been able to articulate concepts in this book that have alluded people for far too long, myself included.

Recognizing the importance of this information and that it is lacking in our
educational system, I have given a copy to each of my teenage boys. Perhaps it won't have a great impact on your life but if taken as intended, it could be a great gift for you to give to yourself or those you care about. MAKE THIS SMALL INVESTMENT IN YOURSELF!

The first time I picked up the book I only read a few pages.... It sat for months before I started again. So I would have to say the beginning is a little slow. It also depends on whether you are interested in changing your life. At that time I was not concerned about my financial status and figured I was well enough off.

When I finally read the book in earnest I found it motivational and inspiring although a little lacking in details. The ideas and principles taught can be life -changing if you are ready to accept a non-traditional viewpoint.

Kiyosaki teaches against the doctrine of go to school, get a job, work hard for 30 + years and hopefully social security, your companies retirement plan, and your 401(k) will keep you above the poverty level when you retire.

He teaches you to make your money work for you rather than you working for your money.

The diagrams were very simplistic and not very useful. They seemed to be a way to take up space so the book would appear thicker.

Even though I found a lot of negative points, I still think it is a valuable book and I recommend it to anyone looking to change their financial outlook.

I decided to purchase Rich Dad Poor Dad after one of my friends told me that it had changed her life. I read it, and it was awesome. It completely changed my perspective about money and opened up a whole new dimension as the possibility of becoming financially free regardless of background or education. People who read the book expecting to learn how to "get rich quick," will be frustrated and dissatisfied with Kiyosaki's approach. However, if you want to begin to gain the understanding needed to attain financial freedom, this book is for you.

This book changed my life. Instead of drearily trying to "make ends meet," I am now, every day, thinking, "How can I make my money work for me?"

Sounds very elementary--but when you're coming from the standpoint of simply trying to survive from check to check, wondering how you're going to buy groceries--this is revolutionary, or it was for me.

See, here's the thing: I forgot that I was in control of those pennies.
"Rich Dad, Poor Dad" helped me see everything differently, and now, a month and a half later, I actually have money in a money market account, AND I have $200 invested. It's not much, but it's working for me--it's earning interest.

Previously I'd been stashing cash in a jar, and I was actually pretty proud of that. Sure enough, though, something'd come up and I'd need that money, and I'd be stuck starting over with nothing. Getting nowhere.

Even if I add nothing to this money, it's working for me. Through sharebuilder, a discount broker online, I can add as little as $10 at a time. It all adds up.

The author talks about the difference between rich people and poor people---one chief difference: the rich pay themselves first.
What!
As it turns out, when you pay yourself first, that money of yours--its interest--will eventually be enough to pay your bills.

Another chief difference: poor people tend to think their home is their biggest investment, and it's actually a liability because it doesn't make you money.

I enthusiastically endorse this book. the only reason I didn't give this book a 5 star rating: sometimes he sounds like a kindergarten teacher. I felt patronized at times.

The book's message outweighs the tone, though. I highly recommend this book.

This is a great book about the concepts of money and an insight into how the rich and the poor manages cashflow. It also explains what is the difference between active and passive income, assets and liabilities and why financial freedom is what everyone ought to be aiming for.
A highly recommended entry level financial book to anyone who wants to be truly financially free by making your money work hard for you and not you working hard for money.

Robert Kiyosaki's Rich Dad Poor Dad is full of holes and cliches. According to John T. Reed, Kiyosaki's books tout a lot of half truths and lies about how he made his fortunes. And they all sound alike! If you read carefully, you will see Kiyosaki's disclaimer below:
“Although based on a true story, certain events in this book have been fictionalized for educational content and impact,” This is located in the fine print on the copyright page of Rich Kid Poor Kid. I agree with Reed's analysis of R. Kiyosaki, how can he tout his stories to be true? He is a liar. This is tantamount to James Frey's book, A Million Little Pieces. Why doesn't Opera call in R. Kiyosaki and accuse him of lying? The concepts in his book are dangerous. This was evident when in a recent 20/20 broadcast special. Several "Entrepreneurs" were given $1,000 and with the help of Kiyosaki were asked to start a busines/invest it, One lost all the money. Another made zero. The third made $243. And they had help from the guru himself, R. Kiyosaki. Hardly impressive results. I can go and on about his inconsistencies and lies, but I don't want to further waste your time on this book. Besides, being a "best selling" author, how else did Kiyosaki really make his money? Nobody knows, and he's not telling.

Rich Dad, Poor Dad is a very interesting read and highlights that your money should work for you and not the other way around. Said in another way, spend your money on assets that will produce income as opposed to going into debt buying material things.

I recommend reading the original and not bothering with all of the spin-off books. I think that the subsequent books were the authors attempt to get rich by selling books instead of his own advice of investing in assets.

Since you are interested in personal finance & growth books, I strongly recommend reading "The Millionaire Next Door" which really changed the way I feel about wealth and people who seek to own expensive material things.

Rich Dad Poor Dad, was on a shelf of my niece's book case and I decided, out of boredom, to read it. It is one of the books that have changed my life! I left her home before I had time to finish it, so I purchased my own copy. The use of money as a tool to reach my goals is a new concept to me, since readiing this book.

If I dislike anything about this book, it is that I did not discover it earlier. I wonder where my family would be if I had read it ten years ago.

Initially, the model seemed too elementary; however, the impression that has been left with me is a simple shift to, "Make the money, first, and then focus on items that are pure luxury. The concept of finances being a global game of complex monopoy is pure excitement.

The ways in which money can change ones life is already starting to work in the lives of my family members. We are delaying a cruise to purchase a duplex that is at a depressed price.

Thank you, from a poor mom who used to feel rich!

Great book. Robert explains or shows you the way to financial freedom. He gets you to think differently on your approach to financial freedom. He gets you to think the way the rich do and not the average person. Their is so much useful information in this book. If your looking for a book that tells you what business to start or what stocks to buy then this book is not for you. It's more of a road map or guide map on how to become financial free. You have to put in the effort and apply the information i9n the book.

This is the definitive book of all our lives.
We are products of our environments. If you are lucky enough to have a rich dad, good for you, as for the rest of us, read this book and understand why, and then be the rich day to your kids, even if only in thought. It's all about how we come to think about things. Tp paraphrase," The poor dad says, I can't afford it. The rich dad says, "How can I afford it?" and then finds a way. This is why the poor get poorer and the rich get richer. Most of us were never taught the basics of money, only the basics to being trapped in the protestant work ethic of 9 to 5 lifelong poverty and slavery. Those at the top prefer the masses stay at the bottom for their labor usage. So CREAM out there, and you know who you are, get on top!

This book opened my eyes to how the 'system'works to help the rich become richer and the poor to stay poor.It simply explains how those in power have deliberately 'rigged' things to benefit themselves, but if you are aware of the things that have been done you can use them for yourself to gain wealth.This is not a'get rich quick' book,it is more about deciding to use the laws the same way the rich do-start a buisness,save on taxes,invest in things that will increase your net worth rather than'spending'your wealth prematurely.No specifics on getting rich,but more about your attitudes;beliefs;and behavior's when it comes to money.My net worth has increased by 3x's since first reading this book(and the rest of his book's)about 4 yr's ago.I recomend reading them,just don't expect things to be easy and simple because you read a book.It takes work and thought to become wealthy.But it will give you some guidelines to follow.

Yeah this is it, the book that opens your mind about what it is actually. You will never get taught about managing your personal finance at school. This you learn your ownself and this is what this book teaches you to.
The core of this book centered on the 4 Quadrants. Once you know and understand about the quadrants, you'll understand much and will assist you in understanding Robert Kiyosaki's other books. He has all the great books that will help you understand more.
Though it is more catered to US readers, I somewhat find that most of what he teaches can be conceptually and practically practised in other states as well. I myself is from Malaysia and this is a great opening book especially if you have it in you that you no longer wants to work hard but only able to make ends meet - this can be your first step to financial freedom!

I really liked this book for the insight that it gave me into several areas of finance that I knew almost nothing about. It is very thought provoking and will make you consider things you may not have. I bought the book at the reccommendation of a friend and was not dissapointed. In an effort to make my money work better for me I have been reading a lot of financial books. Before I read this book my absolute goal was to buy a house regardless. This book made me stop and think about things that I have not thought of in that area. I was of the opinion( like a lot of people I'm sure) that your home was your biggest asset. This book made me see that if your home is costing you money then it is infact not an asset but a liability. I stopped and really looked at my financial situation and realized that at this moment buying a home was not the best decision for me and that I needed to learn far more than I know right now in order for homebuying to not be a huge strain on my pocketbook. I would reccommend this book to anyone who is not absolutely on top of financial matters and how to make their money work for them to the best advantage. It will enlighten you to matters that, like me, you may not have ever thought about. It will help you look at money in a different light. It offers helpful suggestions of how to make your money work for you instead of you working for your money.When your pocketbook is not all that it should and could be this book will help.I also agree with the author that the majority of us are not taught what we really need to know about finances in school and sadly we are not taught at home because our parents probably did not know either.It shows you a totally different way of looking at your finances that will truly make you stop and think about all you do not know.I remember saying so many times throughout the book "I didn't know that".This book is very thought provoking and informational. I highly reccommend this book.

I am a very critical person when it comes to reviews but this by far is an excellent book! The author, in a way, almost teaches patience as you read this book. He does take a little bit to get directly to his points but he give you real life examples you can understand.

After reading this book, it changed my outlook and train of thought for my future. Robert talks a lot about "the rat race" that we all are stuck in and he opens our eyes to the possiblity of obtaining financial freedom. A lot of his ideas are not popular ones and sometimes appear to come from left field, but it gives you an idea how the wealthy think. I sorry, but he is right, they do not teach any of this to kids or even adults throughout their
schooling.

The only negative feature is he is not very detailed on how he directly obtained his wealth. He does promote his other books, his games, and his recommended books.

This book is very motivating, I highly recommend it, and look forward to reading more of his books! I am also looking into obtaining his games.

VERY GOOD BOOK. I HAVEN'T READ A BOOK IN YEARS BUT READ THIS ONE IN JUST FEW DAYS. IT WAS GOOD ENOUGH THAT I BOUGHT AND HAVE ALREADY READ CASH FLOW QUADRANT, WHICH IS ALSO GOOD. I NEED TO READ THE NEXT RICH DAD POOR DAD BOOK TO FURTHER MY EDUCATION IN LETTING MY MONEY WORK FOR ME INSTEAD OF WORKING FOR MONEY.

I first read this book when I was in 7th grade. I was never much of a kid to sit down and read but after the first few pages I was hooked. After I finished the book I started seeing the world differently and decided business was exactly what I wanted to do in life. Now I am a Freshman in College and I recently reread Rich Dad Poor Dad. Again I was filled with excited and affirmation after reading this book. I would say 9 out of 10 people could benefit from reading this book. Not one to miss. It can make a world of difference in your life.

Rich Dad Poor Dad by Robert T. Kiyosaki is a fantastic book that informs you about how to be on top of your finances and out of the "Rat Race". This book will give you the will into becoming rich and taking those great ideas out of your mind and into action. I gave this book to all my friends and family because its a good gift on the long run.