Robert T. KiyosakiCríticas

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki reviewed 3/30/22.

Why I picked this book up: Since downloading TikTok and watching people make money on the internet, learning the importance of multi-sources of income and an ad for this book I excitedly picked it up.

Thoughts: Overall I really enjoyed this book. I used to get paid well, I always worked, put money away, paid bills, had fun but never really learned how to use money as a resource to help build wealth. This book was fun to read, he learned from childhood about money from different perspectives, what to do with money and how to utilize finances. I now see it is possible, wish I learned earlier and want to pass this knowledge onto my children.

Why I finished this read: I took this as a self help book and found it useful, enjoyable and relatable to my life.

Stars rating: 4.5/5 stars. I can learn more about this.

Nos ayuda a gestionar nuestro dinero, e inspira para obtener la libertad financiera que deseamos.

NF

NF

Financial Planning

3.5 stars. Interesting blend of anecdotes, weasel tactics and solid advice on personal finance.

bcc

Information value: 7 / 10
Prose: 7
Content density: 2

I would strongly suggest reading a one-page summary of this book. It has more filler than anything I've encountered before. Rich Dad, Poor Dad is effectively unreadable.

The most important piece of advice in the book is that the rich create corporations to limit their tax exposure.

It made me learn to rethink the definition of rich, and gave some constructive ways to doing so. It did repeat a lot of the same information over and over. I recommend it as a bridal shower gift to a young couple before life may teach them the hard way what not to do financially.

I remember reading this book in middle school and being unimpressed. You won't learn anything in this book that you otherwise could learn in your high school economics class. Just knowing that you should maximize your assets, minimize your liabilities, increase your income, and decrease your expenses means you've read half the book already. If you know the difference between an income statement and a balance statement as well, you've basically read 3/4 of the book. He does briefly mention the *idea* of leveraging real estate and corporation deductions for taxes, but he doesn't delve deep (or even shallow) in either of them. I could potentially see the benefit of this book for someone who has absolutely no control over their finances, but even then there are much better alternatives out there.

Rich Dad Poor Dad by Robert Kiyosaki and Sharon Lechter is a book that came out in 1997 and focuses on the importance of financial literacy from an early age. Throughout the book, the author explains how a person can increase their wealth by investing in assets and by being smart with money

Where: Ubud

Where: Trivandrum, Goa, Rishikesh

Where: Lombok

Genuinely different way of looking at income/expenses and business cash flow. Worth the read.

A helpful read!

A must read

Author mentions 7 assets that someone can pursue

#1: real world business education
#2: profitable path of professional development
#3: Circle of like minded friends
#4: The Power of your own network
#5: A duplicable fully scalable business
#6: Incomparable Leadership skills
#7: The mechanism for genuine wealth creation
#8: Big dreams and the capacity to love them
#9: A business where woman excel

The authors spends the majority of the book speaking on the generalized benefits of network marketing.

Great

Otro de autoayuda barata

student

Reading Rich Dad, Poor Dad is an amazing investment of time. You get more returns than your investment the moment you start devouring page after page of this book. For the beginners who desire to achieve economic prosperity, Kiyosaki offers workable insights based on real life experiences. It teaches us ideas about applied economics that should have been taught to us in schools or at home. The principles of financial literacy- Accounting, Investing, Understanding markets and relevant laws are explained in a way that even a layman can fully relate to them. The author emphasizes the importance of sound finances for a better meaningful life. He argues that while one may be academic genius, a topper, a gold medalist, there is every possibility of ending up as a failure without financial know-how. The book teaches the difference between assets and liabilities in a way we never imagined. The author says that while the rich invest in assets and let money work for them, the middle class invests in liabilities naively considering them as assets and work for money. For example, expensive house/car is a liability for rich and an asset for the poor. The rich take risk, but the poor always play safe when it comes to investment and returns. The rich create assets to pay their expenses, the poor balance income and expenses without ever pondering about it. The difference, the author says lies in thinking. "If you have to invest in something, invest in financial literacy", the author asserts. It is lack of financial literacy that middle class salaried people think Mutual funds as a safe option for investment, reposing more faith in the fund manager than their own understanding of finances. All this, the author mentions, was taught to him by his rich dad, a man whom he met in childhood. The Poor Dad tells him "I can't afford it", while as Rich Dad teaches him "How I can afford it." This difference of mindset between the two Dads emerges from an understanding of finances. He expects his experiences will help others in arriving at better financial decisions.

However, i would like to add that after reading this book, i also read The Richest Man in Babylon by George S. Clason. First of all, Clason's book is a masterpiece. I don't know why people who suggest things like 'five books you must read before you die' never bother to mention Clason's book. You can't compare Clason with any other author on the same subject when it comes to language, expression, thought and message. Infact, after reading Clason, i thought for a moment that Rich Dad Poor Dad is inspired to a great extent by the theme of the Clason classic.
I would suggest reading this book.

Thank you.

The overarching theme of Rich Dad Poor Dad is how to use money as a tool for wealth development.

Great for thinking about money differently. There is no formula because it there was one, we'd all be rich and wouldn't need his book. This is a fantastic read for those looking into finance and investing, but also great for anyone trying to understand money and learn various perspectives about increasing wealth.

I enjoyed it so much that I bought the whole series. Very easy to read no matter how much/little you understand about finance.

My favorite part was the reflection questions at the end of each study guide; they really get you thinking about your view towards money and help you see where you could be improving when making financial decisions.
my family found this helpful.

good book