Book Review: Rich Dad Poor Dad by R. Kiyosaki
Short review of the book Rich Dad Poor Dad by Robert Kiyosaki:
This book was given to me by my brother along with Cashflow Quadrant (I'll review that book later). The book sat and sat for a few months before I finally made myself read it. Boy, am I glad I did!
This book informs the reader of the mindset, goals, business and financial principles between two main characters and the author. His poor and biological father makes money as a government paid employee and teacher, then gets laid off in his fifties and can't get another job. His rich dad (father of his best friend) teaches Robert and his friend about what an asset is (puts money into your pocket) and what a liability is (takes money out of your pocket). He goes against the grain of most financial gurus and states that the house you buy and live in is not an asset. Assets put money into your pocket. Your mortgaged lived-in house is the bank's asset, your liability.
The creativity of Robert and his friend as 9 year old kids acquiring financial independence and learning how to get your money to work for you instead of you working at a JOB (Just over broke) for money is awe-inspiring.
This book was given to me by my brother along with Cashflow Quadrant (I'll review that book later). The book sat and sat for a few months before I finally made myself read it. Boy, am I glad I did!
This book informs the reader of the mindset, goals, business and financial principles between two main characters and the author. His poor and biological father makes money as a government paid employee and teacher, then gets laid off in his fifties and can't get another job. His rich dad (father of his best friend) teaches Robert and his friend about what an asset is (puts money into your pocket) and what a liability is (takes money out of your pocket). He goes against the grain of most financial gurus and states that the house you buy and live in is not an asset. Assets put money into your pocket. Your mortgaged lived-in house is the bank's asset, your liability.
The creativity of Robert and his friend as 9 year old kids acquiring financial independence and learning how to get your money to work for you instead of you working at a JOB (Just over broke) for money is awe-inspiring.
Comments (2)
I actually read it already. I did enjoy it! Along with Rich Dad's Guide to Investing. I have a quote on my office door from that book - attributed to Einstein: "Great spirits have often encountered violent opposition from mediocre minds."
Jimmy Devenport, over 13 years ago
I think you will really enjoy Cash Flow Quadrant. I remember buying that book before I read Rich Dad, Poor Dad and looking at the charts and thinking I missed something. I took it back bought Rich Dad, Poor Dad, and realized I could have read Cash Flow Quadrant by itself.
Kevin Kaczmarek, over 13 years ago