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2.05k reviews for:
Rich Dad, Poor Dad: What the Rich Teach Their Kids about Money – That the Poor and Middle Class Do Not!
Robert T. Kiyosaki
3.54 AVERAGE
2.05k reviews for:
Rich Dad, Poor Dad: What the Rich Teach Their Kids about Money – That the Poor and Middle Class Do Not!
Robert T. Kiyosaki
3.54 AVERAGE
I have always been skeptical of this book but it actually proved to be a decent set of lessons based around the mindset one needs to adapt to make money. It is not a "how to" manual but a philosophy.
I appreciate that Kiyosaki recognizes many of the things I have thought about from time to time, such as how the economy is all smoke and mirrors. I tell people this all the time and they look at me like I just swallowed a live rat. Much of the advice is not new but it is still of the relevant variety: buy assets not liabilities, put your money to work for you, etc.
On the other hand I think its total bullshit that the wealthy in this country benefit from the infrastructure society builds and then worm their way out paying taxes.
Okay, I'm done now. And I do know there some responsible rich people out there. Somewhere? Maybe?
I appreciate that Kiyosaki recognizes many of the things I have thought about from time to time, such as how the economy is all smoke and mirrors. I tell people this all the time and they look at me like I just swallowed a live rat. Much of the advice is not new but it is still of the relevant variety: buy assets not liabilities, put your money to work for you, etc.
On the other hand I think its total bullshit that the wealthy in this country benefit from the infrastructure society builds and then worm their way out paying taxes.
Okay, I'm done now. And I do know there some responsible rich people out there. Somewhere? Maybe?
2nd pass through 11 years apart. Good reminder to grow your assets and avoid liabilities. Passive income and Corporations.
hopeful
informative
inspiring
reflective
medium-paced
hopeful
slow-paced
informative
slow-paced
TL;DR: Assets put money in your pocket. Liabilities take money out of your pocket. Buy assets.
There's really not too much to add to the TL;DR, honestly. This was a pretty quick read, and that's really the thrust of the book. Much of what he's saying requires a mindset shift for much of America - the idea that the house you live in is an asset, for instance. I'm wildly opposed to that idea myself, so this was refreshing. I also picked up a couple of book recommendations and investment strategies that I want to learn more about, so that's a thing I'll be doing eventually.
There's really not too much to add to the TL;DR, honestly. This was a pretty quick read, and that's really the thrust of the book. Much of what he's saying requires a mindset shift for much of America - the idea that the house you live in is an asset, for instance. I'm wildly opposed to that idea myself, so this was refreshing. I also picked up a couple of book recommendations and investment strategies that I want to learn more about, so that's a thing I'll be doing eventually.
informative
fast-paced
Must read. No dumb "bro trade stocks" shit
Some simplistic principles and very much a motivational book. There is controversy over whether Rich Dad existed at all (which means most of the book is false) but if the book is approached as a parable, it's somewhat entertaining. I do appreciate Kiyosaki's view of a mortgage as a liability rather than an asset. (People will argue that it's really an expense rather than a liability.) Regardless, it's given me a different perspective on whether owning a home is the great deal that so many people claim it to be (especially since many people cannot afford it). However, there are a variety of issues I wish had been addressed since its original printing in 1998:
1. Repetition. The book was self-published but Warner Books should have had it re-edited before republishing it in 2000. Kiyosaki says the same thing several times in different chapters or on various pages and you get the sense that he just wrote down thoughts here and there over time and published it as is without editing.
2. Poor editing. Some missppelled words, typ0s, and extra spaces where there shouldn't be any. It's just rather odd to see such poor quality in a New York Times bestselling book.
3. Updated edition. The book is 10-12 years old as of this book review. I wish Kiyosaki had taken the time to go back and clean it up and update the book with new information instead of resting on the laurels of the work that he did over a decade ago. New information on real estate and the housing market after the 2008 economic crash would have been interesting to read.
It's an okay book if you don't take it too seriously. The other major complaint I've seen from other people is that Kiyosaki doesn't exactly tell you what to do, which I find interesting considering throughout the book, he makes it a habit of encouraging people to come up with ideas to make money for themselves. He limits the specific advice he gives although he does give a plethora of examples.
I don't agree with everything in the book (in fact, I agree with very little of it) but it did give me an interesting perspective at looking at the world. But Kiyosaki's problem is that he makes making money sound too darn easy--and it isn't. He doesn't seem to understand that everyone in the world isn't hardwired to understand and fully grasp math or investing--and that's where many of my problems begin with this book.
1. Repetition. The book was self-published but Warner Books should have had it re-edited before republishing it in 2000. Kiyosaki says the same thing several times in different chapters or on various pages and you get the sense that he just wrote down thoughts here and there over time and published it as is without editing.
2. Poor editing. Some missppelled words, typ0s, and extra spaces where there shouldn't be any. It's just rather odd to see such poor quality in a New York Times bestselling book.
3. Updated edition. The book is 10-12 years old as of this book review. I wish Kiyosaki had taken the time to go back and clean it up and update the book with new information instead of resting on the laurels of the work that he did over a decade ago. New information on real estate and the housing market after the 2008 economic crash would have been interesting to read.
It's an okay book if you don't take it too seriously. The other major complaint I've seen from other people is that Kiyosaki doesn't exactly tell you what to do, which I find interesting considering throughout the book, he makes it a habit of encouraging people to come up with ideas to make money for themselves. He limits the specific advice he gives although he does give a plethora of examples.
I don't agree with everything in the book (in fact, I agree with very little of it) but it did give me an interesting perspective at looking at the world. But Kiyosaki's problem is that he makes making money sound too darn easy--and it isn't. He doesn't seem to understand that everyone in the world isn't hardwired to understand and fully grasp math or investing--and that's where many of my problems begin with this book.
