It's been nearly 25 years since Rich Dad Poor Dad to Robert Kiyosaki first emerged in the field of Personal Finance.
It has since become the #1 personal finance book of all time… translated into dozens of languages and sold around the world.
Best known as the author of Rich Dad Poor Dad, the No. 1 Book on Personal Finance of All Time, Robert Kiyosaki challenged and changed the way millions of people around the world think about money . He is an entrepreneur, educator, and investor who believes that each of us has the power to change our lives, take control of our financial futures, and live the rich lives we deserve. With perspectives on money and investments that often contradict popular belief, Robert has built an international reputation for clear language, disrespect, and courage, and has become a passionate and outspoken advocate of financial literacy.
Robert's latest books, Why The Rich Get Richer And More Much More Than Money, were published last spring to mark the twentieth anniversary of the 1997 publication of Rich Dad Poor Dad. This book and its messages, recognized worldwide as a classic in the field of personal finance, have proven their worth. Why the Rich Get Rich, published two decades after the internationally successful bestseller Rich Dad Poor Dad PDF, is positioned as the Rich Dad Graduate School. Prior to running for the White House and being elected President of the United States, Robert also co-wrote two books with Donald Trump.
Robert Kiyosaki, author of Rich Dad Poor Dad - the international runaway bestseller that has topped the New York Times bestseller list for over six years - is an investor, entrepreneur, and educator whose prospects for money and investment are rising face the conventional wisdom . He practically alone challenged and changed the way millions of people around the world think about money. By communicating his views on why "old" advice: get a good job, save money, get off debt, invest long-term and diversify: it's "bad" (outdated and flawed) advice, Robert has earned a reputation for being blunt talk, disrespect and courage.
The Publisher's Weekly lists - The New York Times, Business Week, The Wall Street Journal, and USA Today - and has been named USA Today's # 1 Money Book for two consecutive years. It is the third longest "how-to" bestseller of all time. Translated into 51 languages and available in 109 countries, the Rich Dad range has sold over 27 million copies worldwide and dominated bestseller lists in Asia, Australia, South America, Mexico and Europe. In 2005, Robert was inducted into the Amazon.com Hall of Fame as one of this bookseller's top 25 authors. The Rich Dad series currently includes 26 books.
In 2006, Robert collaborated with Donald Trump on the co-writer of Why We Want You To Be Rich - Two Men - One Message. It debuted at number 1 on the New York Times bestseller list. Robert writes a bi-weekly column entitled "Why the Rich Get Richer" for Yahoo! Finance and a monthly column called "Rich Returns" for Entrepreneur magazine. Before Robert Rich Dad wrote Poor Dad, he created the CASHFLOW 101 educational board game to teach people the finance and investment strategies his wealthy father taught him for years. It was the same strategies that enabled Robert to retire at the age of 47. Today there are more than 2,100 CASHFLOW clubs - independent gaming groups from the Rich Dad Company - in cities around the world. Born and raised in Hawaii, Robert Kiyosaki is a fourth generation Japanese-American.
After graduating in New York, Robert joined the Marine Corps and served in Vietnam as an attack helicopter officer and pilot. After the war, Robert worked in sales at the Xerox Corporation and founded a company in 1977 that brought the first "surfer wallets" made of nylon and Velcro onto the market. In 1985, he founded an international training company teaching business and investment to tens of thousands of students around the world. In 1994 Robert sold his business and thanks to his investments, he was able to retire at the age of 47. During his brief retirement, he wrote Rich Dad Poor Dad.
Firstly, I am not claiming to be an expert on book reviews, and I haven't read too many books in my time, but for those looking for information from reviewers, I hope this will help you decide which book or what also always to buy. you are amazed could be because of it :)
To follow up on my full reading of "Rich Dad Poor Dad" I thought I was writing a summary.
Here we delve into Robert Kiyosaki's experience and his rise to wealth and financial greatness. Throughout the book, Robert mentions the importance of financial literacy and how much it needs to be at the forefront of finding great fortune, fortune, and success. If financial freedom can be achieved, the first thing to know is what is going on in the monetary system and how it works with it. Where to look and open your mind to change. How to see the opportunity and not be afraid when it comes to knocking.
Robert describes the differences between his real father "poor father" and the father of his friend Mike, the "rich father". Where the poor dad is pushing for an educational outlook on life, working hard and scaling the company / organization. It's a surefire thing and will secure your future financially.
On the other hand, the rich dad, on the other hand, cannot emphasize enough the importance of having money working for you and that getting out of the rat race is of the utmost importance. He continues to praise the "pay yourself first," a method of financial discipline to kick your butt when debt collectors and bills pile up after you've paid yourself, and invest your money in dollar activity first to do that come into your hand. If you can discipline yourself to invest in your assets first and then your expenses, unless you strive to find other ways to generate income and triumph over financial pressures, you will go down. Master this and you will learn to swim.
In short, I will come back to this book from time to time as a reference for being my companion and as a reminder of the day I said enough. I am truly grateful to have this book as a tool for my journey into the great world of investment and success.
I love the layout of the beginning of this book, great for people with ADHD It's broken into small sections before Chapter 1. I was a little disappointed to see that the whole book wasn't formatted that way. For me, ADHD makes it easy for me to lose interest in a book, especially if the page doesn't have pauses between dialogues because it just feels like work instead of being busy like quick tidbits that still make it easy for me to get busy stay, it's the book only has 15 pages, so I can't fully review it yet, but so far I'm pretty impressed with a day off With this book, I ordered the second book by the same author called Why The Rich Get Richer ! I hope the author will consider formatting his future reviews because I would definitely buy all of his books if they were in that format overall. I'm very happy and I think I could actually finish a book this time. It's turning to junk but so far so good thanks for reading
Read the 2017 edition - 350 pages 4.5 stars. Best book! Robert shares his experiences with various setbacks and the use of financial intelligence. Basic learning units / steps are provided in this release to show you how to develop and simplify your life, not just financially. There is a clear focus on learning how to make money work for you (through resources and other methods) rather than working hard for it all your life. I will definitely take action and read again!
It must be read. I think I should have read it years ago. It tells secrets about money that everyone needs to know. If you're struggling to figure out where all your salary will go at the end of the month, this is the book you need to read.
Definitely a must read! This book taught me what we learn in school and what we learn from life ... In summary, the author tries to say: "Don't work for money, make money work for you", basically we were told in school that we have to work hard to find a job with a good salary and benefits. We haven't learned anything about finance or money making. And if your goal is to get rich, you shouldn't. Instead, you want the money to work for you.
Rich Dad, Poor Dad is an undeniably honest interpretation of the principles of wealth creation and smart financial decisions. Through the conflicting stories and ideologies of the two paternal characters in the author's life, my first book of financial literature really opened my eyes to the financial tools available to build substantial wealth and the practices and habits that need to be developed to ensure that you always stay in step with the financial curve, debt-free and future-proof. Highly recommended for people who are just starting out as professionals and need to develop solid investment principles.
This was the fastest, cheapest and most useful crash course in finance I could get. Robert tried to bring the rich prospect of wealth closer to the average person without financial literacy. He wants to break the cycle of the rich getting richer and the poor poorer and emphasize the importance of financial education at school. He is brave, different, he challenges most books and articles on topics like "how to climb the corporate ladder". The language and terminology are simple but straight to the point and very engaging. An idea and a motivation to take away for me is "Wealth is measured by the number of days I can leave without work". Ok, let's move on to the actions.
On the one hand, the author should exercise a little more attention and consult with experts on the design of book covers. At first glance, all of his books look like romantic novels, even erotic ones. Get rid of the purple ...
You can't imagine how I hate and despise those bogus "How to Get a Programmer / Rich / Smarter / Anything in X Days" books where all you have to do is follow a series of steps and you will magically become a writer. Programmer or even an astronaut. Fortunately, this book is not one of them. The book is mainly about financial literacy. It discusses capitalism and communism, the current educational model and its shortcomings, the differences between work and business, entrepreneurship and many other interesting topics.
It also discusses the Robin Hood theory embodied in taxation and its implications for the middle / poor class of society and its origins. How the rich evade taxation by hiring talented lawyers and accountants and how they buy politicians to influence the current status quo.
Interesting reading for those with the right aptitude for reading. If I had this mindset, I would definitely have loved it.
This is a great book, and most importantly, the tips really work when applied consistently. Robert's advice helped me start two small businesses and become financially free (not rich, but free from needing a job) when I was about 26. I had an excellent lifestyle, but I ruined it with a lack of self-discipline and financial IQ. I have since re-entered the business world (rat race) and rebuilt my asset column and returned to financial freedom.
I've avoided this book since it came out because of all the negativity. I shouldn't have jumped to conclusions. Now I wanted to read it when it came out! Sorry, this is not a get-rich-quick scheme, nor is it a get-rich-quick scheme. If someone can promise you riches in a short time, run, don't go away, run! I like the stories and examples he cites. He has very good memories of his childhood.
People today don't understand this, they think that a degree and lots of money will end your financial troubles. It only makes things worse for most people. The more you earn, the more you spend! Find out what to do in this book. I'm not going to summarize it for you, only you can take the next step forward. I like his explanation of taxes and Robin Hood. People blame the rich, but they should blame themselves. Taxing the rich doesn't solve anything, it actually makes the situation of the poor and the middle class worse. Please read again! This book contains a bonus chapter on its sequel "CASHFLOW Quadrant". I also recommend his other sequel, Why the Rich Are Getting Richer.
The book honestly helps you understand what you should be spending your money on. However, the book seems to repeat itself. In the third chapter I was quite frustrated because it seemed to me that I had read the same 5 lines at least 50 times at this point. In the end, I simply moved on to the "summary" of this chapter. In all honesty, if you were to make this book with just the summaries of each chapter instead of the long actual chapters, it would be MUCH better.
The gist is just that you should learn the real difference between an asset and a liability, and that you should take the time to purchase assets and then take advantage of every possible tax haven. I can't say I regret buying it, but I don't recommend it to anyone except the real ADDICTED of money and getting more without working.
Favorite book ever. This is actually my second copy. It is a must for anyone who wants to recalibrate their minds on money, life and success. In fact, this copy is for my wife who recently broke into the financial success mindset.
I told her I have a book for her that you absolutely must read, that's all! I wish this book was a requirement for high school, I have a really strong feeling for her message and am experiencing the importance of adequate spending, debt, savings and wealth. And it's written in a very fun and easy-to-read style, not a dry financial speech that turns many people away from these kinds of books.
I originally purchased this book in 1997. I had to replace my 10 year old Jeep with a brand new 2020 Jeep. I went to the bank and got an unsecured loan. Instead of buying the jeep, I bought a house, which took a lot of work. I renovated the house and got a mortgage for the same amount that I bought and renovated it for and repaid the unsecured loan at a much higher interest rate. Then I turned around and rented the house.
The rents cover my monthly Jeep payments and the tenant buys the house next year, paying off my Jeep loan after costs! I have used several techniques in this book that have helped me a lot! Before the book, the bank wanted to know what kind of collateral I had. Now if I go to the bank they ask me how much we can lend you!
I really enjoyed the way Robert wrote this book - he uses a number of different ways to explain * almost * the same thing (buying goods) which was very effective for me ... a slightly different message through a new story or listening to a new construct The course of the book helped me stick to and understand the topic.
Seen holistically, this book is much more theoretical than "how to do it". I still carried a lot with me because he gave me a new construct (or a formula, as Robert would call it) to think about the money I hope to use in the new decade!
I would definitely recommend it if you are curious about a new way of thinking about money, or even older children as a good foundation for finances. I wouldn't recommend this if you're looking at a book that has a list of tactics on how to earn passive income (that type of book should be read after this book).
Buy this book. That's all I can really say. It changed my entire perception of money and work. He taught me the true power of the spirit. I wish I had read it earlier. It is easy to read and the information it contains is priceless. You have to be open-minded and willing to listen and take Robert's words and put them into practice by educating yourself. After reading this, I bought a few other books to learn more about accounting and other topics I needed to improve financially. I love this book and will share it with all my friends and family. Definitely worth the time and money.
I like Kiyosaki because she realizes how scandalous a fiat currency rip-off is and understands how the Federal Reserve has been fooling hard-working Americans for over a hundred years. (See G. Edward Griffin's 1994 masterpiece, "The Creature from Jekyll Island," acclaimed by Robert.) Runaway Inflation, let's go.
Anyway, for as long as I knew it, I've wanted to read this work, a book that was around with my parents in 2000, even though I've never read it.
“The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.”
“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.”
Money is only an idea. If you want more money simply change your thinking. Every self-made person started small with an idea, then turned it into something big. It takes only a few dollars to start and grow into something big.“
“If you’re the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.”
“In school we learn that mistakes are bad, and we are punished for making them. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. If we never fell down, we would never walk.”
“You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.”
“As I said, I wish I could say it was easy. It wasn't, but it wasn't hard either. But without a strong reason or purpose, anything in life is hard. ”
“Emotions are what make us human. Make us real. The word 'emotion' stands for energy in motion. Be truthful about your emotions, and use your mind and emotions in your favor, not against yourself.”
“If you realize that you're the problem, then you can change yourself, learn something and grow wiser. Don't blame other people for your problems.”
The author tells the story of himself as a nine year old and tells his father, real or poor, about Jimmy that he did not invite him and his friend Mike to the party at his beach house when they were poor children. He asked his poor father, "How do you get rich?" "Use your head," replied his father, not knowing how to make money. Robert and his friend Mike then started a business, both were trying to make coins in Robert's house at the age of nine and his poor father and friend laughed and his father suggested that he take advice from Mike's father, even though he did was not very rich at the time but knew a lot about money.
At first Robert didn't get what Mike's father wanted him to learn by working for only ten cents an hour, but when he decided to quit his job the rich father told him that this was the lesson he should learn when if he worked for money, he will end his life and earn much less than he earned. "The rich don't work for money, they make money work for them," he said. For the poor, the rich father said, “They have a pattern, the pattern of getting up, working, paying the bills; get up, get to work, pay the bills. That's what I call the rat race. People's lives are forever determined by two emotions: fear and greed ”.
So many people say, "Oh, I don't care about money". Even so, they work eight hours a day in one job. "The root cause of poverty or financial struggles is fear and ignorance, not the economy or the government or the rich," he said. He further explained the trap as a picture of a donkey dragging a cart, with its owner dangling a carrot in front of his nose and not looking at the whole picture, the donkey lives in ignorance. The rich father went on to explain that the rich know that money is an illusion, just like carrots are for donkeys.
He tried to explain to them that most people see no opportunities because they are always looking for money and a secure job to pay their bills. Robert and Mike heard all of these points, and when Robert was working in one of Rich Dad's stores, Robert saw an opportunity and started a comic book store with comics that were not for sale, just because he understood Rich's point. Don't let your emotions, fear and greed, overwhelm you while thinking about money. Instead, use your mind and then you will be able to see the possibilities.
Money is not taught in schools. Schools focus on educational and professional skills, but not financial skills. This explains how clever bankers, doctors, and accountants who got excellent grades in school can still struggle financially for life. Our amazing national debt is largely thanks to highly educated politicians and government officials who make financial decisions with little or no money training.
The author's "Rich Dad" was actually the father of his friend who taught him money for over 30 years. He noted, "Although both fathers worked hard, I noticed that one father had his brain euthanized when it came to money matters and the other had a habit of exercising his brain."
One father advised, "Study hard so you can find a good company to work for." The other advised, "Learn hard so you can find a good company to buy."
One believed: "Our home is our greatest investment and our greatest asset." The other believed, "My home is a responsibility, and if your home is your biggest investment, you are in trouble." Both fathers paid their bills on time, but one paid the bills first and the other last.
A father taught the writer how to write an impressive résumé so he could find a good job. The other taught him to write solid financial and business plans to create jobs.
Even when the author's “rich dad” went broke after a severe financial setback, he continued to refer to himself as a rich man, covering himself with the words, “There is a difference between poor and good is temporary and the poor are eternal. "
The author's rich dad encouraged him to study to get rich, understand how money works, and learn how it works for him. "I don't work for money!" were words he kept repeating: "Money works for me!"
And in the end there were only six main lessons repeated over 30 years.