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2.06k 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
2.06k 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
challenging
hopeful
informative
inspiring
reflective
slow-paced
This took me a long time to get through but I didn’t want to give up so for the last 70 or so pages I listened to it on audiobook. He is very repetitive and very anecdotal which annoyed me a lot of the time, but after finishing the book, I realised most of it is context and the final 50 or so pages is actually the meat. This book has motivated and inspired me to strive for portfolio and passive income.
The central lesson of the book - focus on buying assets instead of liabilities so that you can generate passive income & gain a measure of financial freedom - is sound. However, I felt increasingly uncomfortable reading the book as it became clear that my values and the author’s values couldn’t be further apart. I also doubt the validity of many of his anecdotes. A quick Google search of the author’s name after I finished reading proved that hunch correct. If you’re interested in personal finance, there are better writers out there.
A must read for all potential entrepreneurs and investors.
This book contains information that really should be introduced to students in high school economics classes. When it was first printed it probably came across better than maybe it does in 2020. While I am impressed by the simplicity of the explanation of money making and the way thinking about money can change your own financial circumstances, I’m also vaguely disgusted by the idea of swooping in on foreclosures, making money off of other people’s bad luck or bad decisions, and the fact that the author of this book wrote a book with Donald Trump. Did he maybe realize at that time how much of a fake Trump is, did he support his political aspirations due to friendship, or did he, like he suggests again and again here, see a financial opportunity in co-authoring a book (I don’t believe for a second that Trump wrote a single word) with someone famous for supposed financial acumen? Did that opportunity mean more to him than associating himself with someone so clearly devoid of human empathy? I like the idea of making money work for you, but where does a moral compass fall in this plan? Is someone who decides not to snatch up an opportunity simply because it is based on someone else’s pain necessarily a financial loser? I wonder, and wondered often while reading this book, what the author’s Poor Dad really thought of his son.
In “Rich Dad, Poor Dad,” Kiyosaki disputed the notion that a high income was the only path to wealth and instead vouched for the benefits of entrepreneurship, calculated risk-taking and passive income earned from investments.
Mostly loose anecdotes and no practical financial advice, but it can start challenging your inner beliefs about finance. To understand who you are taking advice from it's worth considering these facts:
- as of Jan 2024, he's more than $1.2 billion in debt (according to him 'good' debt but definitely not replicable for most..)
- in 2012 his company, Rich Global LLC, filed for bankruptcy
- he’s faced criticism that his seminars do not deliver on promises (careful with anyone selling courses. There's always. a chance it's a scam due to a conflict of interest (giving advice/helping others vs. selling profitable courses)
Mostly loose anecdotes and no practical financial advice, but it can start challenging your inner beliefs about finance. To understand who you are taking advice from it's worth considering these facts:
- as of Jan 2024, he's more than $1.2 billion in debt (according to him 'good' debt but definitely not replicable for most..)
- in 2012 his company, Rich Global LLC, filed for bankruptcy
- he’s faced criticism that his seminars do not deliver on promises (careful with anyone selling courses. There's always. a chance it's a scam due to a conflict of interest (giving advice/helping others vs. selling profitable courses)
I can not say I totally agree with what is said in the book, but surely there are some good suggestions and ample space for thoughts.
Non posso dire di essere completamente d'accordo con quanto affermato nel libro, ma sicuramente ci sono degli ottimi suggerimenti e degli ampi spazi di riflessione.
THANKS TO NETGALLEY AND SMITH PUBLICITY FOR THE PREVIEW!
Non posso dire di essere completamente d'accordo con quanto affermato nel libro, ma sicuramente ci sono degli ottimi suggerimenti e degli ampi spazi di riflessione.
THANKS TO NETGALLEY AND SMITH PUBLICITY FOR THE PREVIEW!
I think the best way to describe this book is with the old saying - "chew the meat and spit out the bones". When I first started reading the book, I must admit that I was turned off. I felt like the author oversimplified how life works. It didn't take into consideration any valid hindrances - health conditions, environment, etc. I could have the "rich mindset" and then life happens. One then has to make decisions based on what is going on around them.
So I took a break and came back to this book with a more open minded. Take what could be useful to me and let rest fall by the wayside.
So I took a break and came back to this book with a more open minded. Take what could be useful to me and let rest fall by the wayside.
informative
medium-paced
inspiring
reflective
fast-paced
I liked the advice, but it got really repetitive. Really repetitive. I think there are gems in here, but how to really implement is on you. I did learn and was inspired to build wealth.