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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
It is a great book for those who want to know about investing
Well written and easy to read. So many gold nuggets in this book that I’m excited to implement. Here are some of the concepts that I found most powerful:
- Money is an idea, not an actual thing
- Everything I do should be to work to get my money to work for me instead of me working for money.
- Financial intelligence is my greatest tool for building wealth, so I need to make sure I’m building it.
- Because money is just an idea, you can create money out of nothing. Just get curious.
- Financial pressure (that can come from greed for things, or not living the life you want) can be a great push into financial creativity that can boom my wealth.
- I need to learn yes, but I also need to take action. Constantly looking for “deals” to make something out of nothing is key.
- Remember, profit is had when you buy, not when you sell. Buy to make profit.
- Not that he shared this, but a lot of the concepts from this book remind me of the saying, “live like no one wants to, so you can live like no one can”. If I sacrifice and work on my wealth, it will grow; I just have to accept the sacrifice now.
- Finding people who can help me will greatly accelerate my growth.
- If you own a business, but still work in it, it’s not a business, it’s your job! If you start a business make sure you wouldn’t mind working in it for a time, but also, have a clear path of how you won’t have to work in it for ever.
- Money is an idea, not an actual thing
- Everything I do should be to work to get my money to work for me instead of me working for money.
- Financial intelligence is my greatest tool for building wealth, so I need to make sure I’m building it.
- Because money is just an idea, you can create money out of nothing. Just get curious.
- Financial pressure (that can come from greed for things, or not living the life you want) can be a great push into financial creativity that can boom my wealth.
- I need to learn yes, but I also need to take action. Constantly looking for “deals” to make something out of nothing is key.
- Remember, profit is had when you buy, not when you sell. Buy to make profit.
- Not that he shared this, but a lot of the concepts from this book remind me of the saying, “live like no one wants to, so you can live like no one can”. If I sacrifice and work on my wealth, it will grow; I just have to accept the sacrifice now.
- Finding people who can help me will greatly accelerate my growth.
- If you own a business, but still work in it, it’s not a business, it’s your job! If you start a business make sure you wouldn’t mind working in it for a time, but also, have a clear path of how you won’t have to work in it for ever.
One good book to read to get financial intelligence.
informative
medium-paced
Kiyosaki’s perspective on success and money (and arguably the synonymity of the two) may turn some people off from the book, but the underlying concepts felt quite important to digest.
Not everyone is striving to become a millionaire, or a real estate mogul, but his discussion on becoming financially literate is one that, in my opinion, is crucial.
More than anything, it lit a fire under my bum to rethink the way I spend, save and structure my asset column.
Personally, a book I would reread once every few years.
Not everyone is striving to become a millionaire, or a real estate mogul, but his discussion on becoming financially literate is one that, in my opinion, is crucial.
More than anything, it lit a fire under my bum to rethink the way I spend, save and structure my asset column.
Personally, a book I would reread once every few years.
Some helpful ideas but too general to apply. I don’t believe his suggestions would be helpful to anyone trying to build wealth without a fall back plan (parents, generational wealth, education, etc)
While the book does contain a few good points, and a way to look a finances, the actual advice boils down to:
Avoid debt
Buy stock and real estate
Your house is not an asset (because it costs you money)
You don't need 300 pages for that.
Or obnoxious "Summary" parts, that restate the same things you just read.
Avoid debt
Buy stock and real estate
Your house is not an asset (because it costs you money)
You don't need 300 pages for that.
Or obnoxious "Summary" parts, that restate the same things you just read.
A good base to start off from, but nothing revolutionary. sad to see the some of the new books include ads for the authors get rich "programs"
hopeful
informative
inspiring
reflective
fast-paced
informative
slow-paced