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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
informative
inspiring
medium-paced
interesting read, i like how i started to ask myself 'how can i afford this' vs immediately thinking 'we can't afford this'. many of his strategies seem very US reality based... didn't love seeing Trump s name used so frequently 😜
“The main reason people struggle financially is because they spent years in school but learned nothing about money. The result is, people learn to work for money…but never learn to have money work for them”
Since beginning reading this novel, I have changed my life. Taking in each line and actually doing what I can to implement the messages within this novel has proven greatly. It really is the truth. Because as Robert states:
“Too often today, we focus to borrowing money to get the things we want instead of focusing on creating money.
One is easier in the short term, but
harder in the long term. It's a bad habit that we as individuals and as a nation have gotten into.
Remember, the easy road often becomes hard, and the hard road
often becomes easy”
You often find that people without money always blames their situations for not having any more money. Really, pay yourself first and focus on how to make that note worth a lot more. The future you have ahead is really based on what you do today.
“With each bill that enters your hand, you and only you have the power to determine YOUR destiny. Spend it on liabilities, you join the middle class. Invest it in your mind and learn how to acquire assets and you will be choosing wealth as your goal and your future. The choice is yours and only yours.”
You do have to work to gain money. But what will you do with it then? Spend it all on things that only provide short-term happiness but ending up broke all the time? Or investing it into your future which means MORE luxuries overall within your life? Life shouldn’t be spent worrying about money lasting.
“It’s about what is in your head that determines what is in your hands.”
Overall this novel provided a great insight into financial literacy and if you actually do have the motivation to live life to your full happiness then read this as it helps you get there whilst enjoying life to the fullest! ✨
Since beginning reading this novel, I have changed my life. Taking in each line and actually doing what I can to implement the messages within this novel has proven greatly. It really is the truth. Because as Robert states:
“Too often today, we focus to borrowing money to get the things we want instead of focusing on creating money.
One is easier in the short term, but
harder in the long term. It's a bad habit that we as individuals and as a nation have gotten into.
Remember, the easy road often becomes hard, and the hard road
often becomes easy”
You often find that people without money always blames their situations for not having any more money. Really, pay yourself first and focus on how to make that note worth a lot more. The future you have ahead is really based on what you do today.
“With each bill that enters your hand, you and only you have the power to determine YOUR destiny. Spend it on liabilities, you join the middle class. Invest it in your mind and learn how to acquire assets and you will be choosing wealth as your goal and your future. The choice is yours and only yours.”
You do have to work to gain money. But what will you do with it then? Spend it all on things that only provide short-term happiness but ending up broke all the time? Or investing it into your future which means MORE luxuries overall within your life? Life shouldn’t be spent worrying about money lasting.
“It’s about what is in your head that determines what is in your hands.”
Overall this novel provided a great insight into financial literacy and if you actually do have the motivation to live life to your full happiness then read this as it helps you get there whilst enjoying life to the fullest! ✨
informative
inspiring
fast-paced
At a basic level, the premise of the book is sound. But it drastically oversimplifies poverty. At one point, Kiyosaki claims, "Only a person's doubts keep them poor."
He also worships Donald Trump, a well-known failure of a business man, and at one point, recommends joining an MLM if one wants to learn "sales skills."
He also worships Donald Trump, a well-known failure of a business man, and at one point, recommends joining an MLM if one wants to learn "sales skills."
It might be good for some people but others could dislike this book too.
I have high expectations on this book. But oops, not until finishing the first chapter... I feel like I want to put this away and thinking not to finish this book, just because he's saying that "rich people don't pay taxes, only middle-class and the poor done that". His thinking doesn't surprise me tho, bcs that what the rich people do, then it makes me questioned "do the rich people influence other rich people not to pay taxessss, were you really did that?". But I took a breath and stop the evil and right inside me arguing, to take note that perhaps it bcs US taxes tariff is so high? so it would be insane if people just paid it right away (without making any tax planning?)
Nevertheless, I still manage to read this book bcs yess, I agree that some of his and his dad's advice here are easy to understand and to implement for our personal finance. In this book, the writer told readers in a very simple way what is the nature of our daily transactions, such as what are transactions categorized in assets/liabilities/expense, etc. However, to take this book for your first gate in personal finance is a no from me. It is simply because the author many times encourage and suggest you to start acquiring assets.... where the rule-of-thumb of starting to invest money by acquiring assets can better be done if someone has excess money, if the basic needs are fulfilled, or if you already have an emergency fund. On the other hand, to take this book for your investing tips is not suitable too. But, if you want to start investing when you have excess money, it kinda gave you encouragement on why you have to start to invest your money.
More, it such a contrary when his rich dad said that taking higher education is such a waste of time. But the other day, he said that people should take time in achieving themselves to be financially literate by not stop learning each and every day to understand about money. I MEANNNN, doesn't it take a lot of effort for a person to learn about personal finance??? doesn't it just the same as learning in higher education? both of them need us to be painstakingly serious in learning it so we can use it for our greater good. ANDDD personally for me, taking a higher education is also not a waste of time, it can easily bring you to the top level of career without stepping every career level one by one. It might drive you to start in the middle of it, or enabling you to take a big leap in jumping from one job to another job. Isn't it?
I learned many financial tips from this book, but am I satisfied after finishing this book? no. A tip for me, you can learn as much as knowledge that the author gave in this book, but please be active and ask yourself as many as you can: are those tips are suitable for me? are those tips are really right? are those tips better than what I've done before in maintaining my personal finance? By asking this to yourself, you can really know what aspect of your personal finances you should improve to pursue your own financial goals.
I have high expectations on this book. But oops, not until finishing the first chapter... I feel like I want to put this away and thinking not to finish this book, just because he's saying that "rich people don't pay taxes, only middle-class and the poor done that". His thinking doesn't surprise me tho, bcs that what the rich people do, then it makes me questioned "do the rich people influence other rich people not to pay taxessss, were you really did that?". But I took a breath and stop the evil and right inside me arguing, to take note that perhaps it bcs US taxes tariff is so high? so it would be insane if people just paid it right away (without making any tax planning?)
Nevertheless, I still manage to read this book bcs yess, I agree that some of his and his dad's advice here are easy to understand and to implement for our personal finance. In this book, the writer told readers in a very simple way what is the nature of our daily transactions, such as what are transactions categorized in assets/liabilities/expense, etc. However, to take this book for your first gate in personal finance is a no from me. It is simply because the author many times encourage and suggest you to start acquiring assets.... where the rule-of-thumb of starting to invest money by acquiring assets can better be done if someone has excess money, if the basic needs are fulfilled, or if you already have an emergency fund. On the other hand, to take this book for your investing tips is not suitable too. But, if you want to start investing when you have excess money, it kinda gave you encouragement on why you have to start to invest your money.
More, it such a contrary when his rich dad said that taking higher education is such a waste of time. But the other day, he said that people should take time in achieving themselves to be financially literate by not stop learning each and every day to understand about money. I MEANNNN, doesn't it take a lot of effort for a person to learn about personal finance??? doesn't it just the same as learning in higher education? both of them need us to be painstakingly serious in learning it so we can use it for our greater good. ANDDD personally for me, taking a higher education is also not a waste of time, it can easily bring you to the top level of career without stepping every career level one by one. It might drive you to start in the middle of it, or enabling you to take a big leap in jumping from one job to another job. Isn't it?
I learned many financial tips from this book, but am I satisfied after finishing this book? no. A tip for me, you can learn as much as knowledge that the author gave in this book, but please be active and ask yourself as many as you can: are those tips are suitable for me? are those tips are really right? are those tips better than what I've done before in maintaining my personal finance? By asking this to yourself, you can really know what aspect of your personal finances you should improve to pursue your own financial goals.
tense
medium-paced
I was very disappointed to discover that the two dads are not actually both the author's fathers. The disappointment only continued from there. This book includes the occasional little nugget of actually solid financial wisdom that is almost always undercut by extremely meandering and sometimes offensively short-sighted stories and questionable personal finance 'advice.' If you are new to personal finance, please skip this one (see my reviews for other finance books such as I Will Teach You to Be Rich by Ramit Sethi or The Financial Diet). Or if you want to read an informative finance book, skip as well. If you are wanting a look into an incredibly popular but wildly unhelpful (potentially damaging) book as a historic curiosity and already have a solid personal finance philosophy backed by extensive research based on facts as well as a good understanding of your own money psychology, then have at it.
Content Warnings
Minor: Sexism, Classism
This book is 336 pages of "You're poor because you're stupid. I learned from my rich dad how not to be stupid and be rich instead." I swear this book could be a TikTok by Shabaz Says titled "On today's episode of I'm rich, you're poor"!
Zero acknowlement of different privileges, opportunities, and luck, which is why it's all repetitive and no concrete advice is given.
I wasn't expecting to be rich by the end of the book or have a plan that would help me be rich, but I expected a read with some substance, especially since it's a best seller, but ALAS!
Zero acknowlement of different privileges, opportunities, and luck, which is why it's all repetitive and no concrete advice is given.
I wasn't expecting to be rich by the end of the book or have a plan that would help me be rich, but I expected a read with some substance, especially since it's a best seller, but ALAS!
informative
reflective