Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!
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Product Description

A #1 New York Times bestseller, Rich Dad, Poor Dad is a true story on the lessons about money that Robert Kiyosaki learned from his two "dads." One dad, a Ph.D. and superintendent of education, never had enough money at the end of the month and died broke. His other dad dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Rich Dad, Poor Dad will explode the myth that you need to earn a high income to become rich, challenge the belief that your house is an asset, show parents why they can't rely on the school system to teach their kids about money, define once and for all an asset and a liability, and teach you what to teach your kids about money for their future financial success. In Rich Dad, Poor Dad, Robert Kiyosaki explains how to make your money work hard for you instead of you working hard for money.

Customer Reviews:

  • Don't bother. Seriously.
    This book is all cliche and lies.

    1. The author recommends that people join MLM to become "better salespeople".

    2. The author shows a strong distaste to basic education. (He was held back sophomore year in high school.)

    3. The author shows a lack of respect for his real father (poor Dad)

    4. The author shows a way too basic math to demonstrate his profits.

    5. The author makes recommendations that are flat out illegal (such as writing off vacations on the corporation...aka, tax fraud.)

    So, don't bother reading it. You want the basics of the book? Here....

    1. People work for money because they are in fear.
    2. Rich people horde their money because they are in fear of losing it.
    3. Schools don't teach people about money.
    4. People who don't know about money will always be poor.
    5. He will not show you how to make money, nor will he show you how to make money work for you. He'll give a couple examples that have mathematical and legal errors with regards to taxes.
    6. He preaches to use corporations to save on paying taxes....news flash: corporations have double taxation. That's the price of the legal protections.

    Anyway, there's the gist of the book. The only money that Robert Kiyosaki has ever made is from this book...it's motivational, but financially irrelevant. This book started it's circulation through Amway...think about that. He is speaking about money and recommends MLM...was this book designed to make the Amway people feel better about their decision to join MLM?

    Think before you buy. And hopefully you'll put your money away....more info
  • Fun reading
    Easy fun reading -Interesting learning tool-Plan on finding the Cash flow game under the Christmas tree this year for some fun family time with an educational twist....more info
  • The Best Book on the Market!!!
    Everyone Hates a Ball Hog but they All Love a Scorer: The Complete Guide to Scoring Points on and off the Basketball Court

    This book completely changed my life. Next to the Bible I think that everyone should read this book at least once. As a teacher and coach I used alot of the teachings in this book to prepare my students for life. I highly recommend this book....more info
  • Inspirational, yes. Educational, no.
    This book motivated me to get my finances in order and get on track to have a stable financial future. I was truly inspired to learn how to have my money make more of itself, as the books talks a lot about. However, a major word of caution: READ THIS BOOK AND STOP RIGHT THERE! I attended a free Rich Dad Poor Dad seminar that sold me a $495 3-day workshop for which I took two days off of work. During those 3 days, they tried, very convincingly to sell me a $25,000 Rich Dad Poor Dad package of workshops. I am ashamed to have been scammed out of $495 and would like the world to know that, while this is a great message, the Rich Dad Poor Dad franchise has gone too far, scamming and ripping off the financially uneducated public. Please take heed to this review....more info
  • Don't Stop Here
    I've read over a few negative comments that people have posted in regard to this book. While they all have valid claims I believe they miss the big picture. Nowhere in the book does the author make the claim that this book will make you money, quite the contrary in fat. He tells you to learn how to make money. This is a not a guide to making money but it definitely changed my outlook on the way I view money. It was an eye opener for me. Before reading this book I felt like others about investing "its too risky" "I work to hard for it" etc etc. This book opened my eyes and pointed out that if I fail, the worst thing that will happen is that I will have a debt on my shoulders, and let's face a large majority of Americans have debt and they didn't even try to make money. Now granted I'm young and can afford to take a hit or two, but it is true that we learn from our failures and this book inspires you to get over your fear. But I repeat Robert Kyosaki does not claim that this book is the only book to read, he encourages you to learn about money yourself and then attempt to build your fortune. This book inspired me to learn more and that is what I'm doing right now....more info
  • This Book Changed My Life!
    This is a MUST read book if you want to obtain financial freedom. Personally, this book totally changed my life!!...more info
  • Its Abridged
    I was disapointed when I got this book and it was a little mini abridged version of this book. I was looking forward to reading it. On the other hand, amazon took the book back and refunded my money without any hiccups. Was a very good transaction. But I don't think it said abridged when I ordered it, but when I went back to look it says abridged now. ...more info
  • These books will motivate you to make tons of money!!
    The Rich Dad Poor Dad books are some of the best books out there. I listen to him several times a year. I have his books on CD so I love listening to them while working out or on the road. Listening to them from time to time keeps the info fresh in my mind and motivates me to continue my journey of financial freedom.
    I have become smarter financialy by listening to his books.
    ...more info
  • ITEM IS NOT AS DESCRIBED
    This is a Great book but Amazon did not describe this book and being pocket sized! The pictures they have are from the regular version/size. The $4.95 version is small pocket book size and is vey small to read I ordered 10 of these thinking it would be regular size. Amazon please change your description...more info
  • A good starting point, but a real financial education is necessary.
    If there's one thing this book doesn't do, is promise you absolutely that you will be rich. Instead, it motivates you to try and look at life, your career, and how you spend and manage money a little differently. However, a real financial education - courses you could take at a community college that teach you how to manage risk, understand investing, real estate, etc etc are ultimately necessary for success.

    Interesting anecdotes and stories abound, and honestly they're the best teaching tools used, regardless of their truthiness. You'll learn how to manage money, how corporations work, and why owning a home could be the worst decision you ever make. However, there are a few stumbling blocks that really limit the usefulness of this book:

    1. He doesn't full discuss how corporations - and their alternatives - work in detail. He also says that corporations can be used as tax shelters. That's not primarily why corporations exist. They exist to limit the liability of the investors. The major disadvantage with corporations is that earnings are actually taxed twice - once when the earnings are calculated, and again when the investors are paid out. You could also say that they're taxed again when you buy something (sales tax) or when you buy property/investments with the money gained. The point is, corporations are not some magic formula that allow people to keep money that the government would otherwise take away.

    2. Risk is vastly understated with many investments. He does a good job of trying to slap sense into how people incorrectly view the stock market - by likening dips in stock prices to a sale at a supermarket for toilet paper (as in, that's time to buy), but doesn't explain how securities investment should be done, or even how to evaluate risk. It basically boils down to "if you like the stock, put a ton of money into it and hope to god it does well". He also advises you to use insider information when buying and selling stock, something that readers might not be aware as being illegal.

    3. He acts like having a job is some sort of curse, and people who have jobs can never save money or move further in life. Yet, he prides himself on being one of Xerox's top 5 sales people. Apparently everyone should just quit their job or at least direct their attention to something else despite the fact that the earnings from his jobs are what allowed him to make investments in the first place.

    Despite how limited and vague the discussion is, it does put a new spin on looking at things. For example, when you start working, he motivates you to direct your income not on spending and consuming things, but investing that money in assets that will generate you money. This cycle of earning money, reinvesting it, and then reaping earnings is how people indeed get rich. However, you don't necessarily need to invest in businesses or real estate to do this. Mutual funds or even a basic savings account are considered assets that generate revenue for the owners. Furthermore, he advocates using money generated from assets - like rental income from a real estate holding - to buy luxuries, not income that comes from your job. This gives your money momentum - i.e. the car payment for a shiny mercedes doesn't come from your paycheck, it comes from an investment.

    However, a dark side to this is that many people tend to overindulge in what's known as "found money" - money that didn't come as a direct byproduct of work. Really, money that comes from an investment should be used for reinvestment and saving. Justifying luxury spending on the path to financial security simply because the source of the money is different isn't necessarily wise financial planning.

    This book stresses the importance of financial literacy and how the reason people are poor is because they don't understand how money works. However, this book is only the starting point for a good financial education. Going out and getting one is the next step if you truly want to be successful....more info
  • rich dad poor dad
    i thought i was buying a real book. not a nic nak. it said no where that this was one of those small nic nak books. when i said something to the seller i got no answer. they ripped me off and im pissed!! want a big book not some stupid nic nak book that i payed 10 bucks for. not a happy person about that.[...]...more info
  • Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not! [ABRIDGED]
    I thoroughly agree with George Helber's review. Who would have thought that Amazon's offering of a "book" would consist of a little ~ 2x3 inch item? Maybe the "real" book has value, but caveat emptor on this particular version - worthless. Well, my family derived worth from the look on my face when I opened the package; everyone had a good laugh....more info
  • buyer beware
    does abridged mean the same as miniature?? This isn't quite what I had in mind. This "book" fits in the palm of your hand, covers some of the very high points and would make a great "gag gift" for some kind of party. I'm sure it is just what it is described as and I just don't understand the description. I am sure that no one else would make the same mistake I did....more info
  • Time Has Made It Even Better!
    If you, as I, read "Rich Dad, Poor Dad" years ago, read it again, now! On the other hand, if you never read it before; click the "Add To My Cart" button before you draw your next breath. Robert Kiyosaki's message has never been more relevant than today!
    He confronts the concept of your home being your greatest asset. If that's the case, Kiyosaki says, "You're in trouble!" Eight years ago, many screamed heresy. Today, it is simple fact.
    Our education consists of the wrong lessons, he writes, such as the value of seeking job security with a major Wall Street corporation. Fast forward to the meltdown and Kiyosaki's a genius.
    Item after item, this book hits the bull's-eye with relevance. If you are looking for a way to prosper when facing today's problems, read, or reread this book. Like a fine wine, the passing of time has only made it better!

    Stanley J. Kazwell, Jr. Author of THE MORTGAGE MELTDOWN: The Mindsets That Got Us Here and What You Can Do About It.

    ...more info
  • A classic book with wisdom and foundation
    Five stars. A classic. A book with wisdom and foundation. Kiyosaki explains things that are easy to understand. This should be a starter business book. I highly recommend all of Kiyosaki's books. A must read....more info
  • Am I glad I didn't buy this one!
    I checked this book out of the library, and am so glad that I didn't waste money to buy it. I was looking for a book to teach my kids about money. This book was a lot more about teaching kids to act like shallow, superficial snobs. If you want to raise kids who put money above all else, who keep looking for a get-rich-quick scheme instead of developing a work ethic, then this is the book for you. If you're looking to develop actual skills, belief in the importance of education, a pleasant personality, sense of compassion, or any other worthwhile quality in yourself or your children, drop this book like the piece of excrement that it is. I don't care how valid the financial advice is (and it's dubious, at best), the messages put out by this man are the last things I would want my kids to learn. Here's a quote by the author: "Over the years, I've met many losers who pray to God to give them gold. God helps those who help themselves. Again, the conquistadors may have been killers and thieves, but at least they knew how to help themselves." So, help yourself to whatever you want, whether it belongs to you or not, whether you have to lie, steal, kill or walk all over others to get where you want to be.... Okay. The advice in this book is evil, and our current economy is collapsing because too many top executives lived their lives by these rules. Not my kids, thanks....more info
  • Helpful or not?
    This book was a little helpful but honestly I do not think i will use any of his advice. Throughout the book her would just repeat over and over the same things!!! it got kind of boring..But there were some things that he said that made me think of what I spend my money on, and how i can save by making small changes. But overall this book was not as good as i expected....more info
  • Obvious knowledge
    If you don't know anything about handling money, buy it.
    If you have decent knowledge of how money and an economy works this book is useless.
    It teaches you a certain approach towards handling money with no guarantees. I hate to say it but I think he makes more money with his books than as an investor....more info
  • Good but not a instruction book
    This book is pretty good because the basics it mentions are fairly good.
    Its true that 90% of America does not know the different between a true asset and a liability. Financial money management is missing from most of education. If you listen to Dave Ramsey, he says many of the same things.

    As for the tax advice and deferrments in this book, I wouldn't bet the farm on it. Yes, things like 1031 do exist but some of the advice like buying a corporate car with a personal corporation is illegal(although the accounting advisor at H&R block did inform me last year before I read the book that deducting mileage and gas on my car was a legal option). You can defer taxes forever on a few things, but not many of them and overall, taxes in America are progressive, not regressive as the author claims.

    I did learn and was reminded of many important principles by this book and book series, but I'd take a much closer look at tax law before deducting anything....more info
  • Rich Dad Poor Dad
    When I received the 3" x 2.5" mini-book, I thought it was a joke. Abbreviated is one thing, but the size of this book was disgraceful. It taugh me one thing though, I will now have to read the dimensions of the books Amazon sells. Hopefully, Amazon, or whoever sells a miniature book, will make sure the size of their wares, especially if it is shoking is diminsion, would be more predominately mentioned considering their marketing reputation. Maybe photographing this book next to a quarter would have given a clue. Shame on Amazon for making it appear to be as large as a normal book. Shame on me for not always assuming that all books are generally the same size, and not reading the diminsions of the book found in amoung the other misc. information. ...more info
  • Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and the Middle Class Do Not! [ABRIDGED] (Hardcover
    I love the original book and thought that's what I was buying in hard cover form but, noooo, this little abridged thing is 126 pages, measuring 2 1/2" X 3" there is not enough here for me to pay the shipping let alone buy the book. I feel tricked!!!
    I have always trusted Amazon but that has changed with this transaction!!!...more info
  • Rich Dad Poor Dady: what the rich teach their kids about money
    I actually never got this book can you please reply why i never got this book thankl. ...more info
  • Investment Broker
    I have just completed the book and found it to be a great eye opener. I suggest this book to everyone who wants to become financially independent. The practices taught in this book are applicable at any stage, but you have to be dedicated to achievement. It is easy to write off the practices as being for the wealthy but they are for anyone who is serious about wealth. I recommend reading the book and then reading it again, then periodically reading as a renewal of commitment to one's self to get out of the rat race....more info
  • Rich Dad Poor Dad-a great read
    I would like to say that Rich Dad Poor Dad was a terrific book. I dealt with the aspects of financial businesses and how they are set out in society. It shows that with great use of the mind, one can accomplish much that he or she did not know could be capable. This book demonstrates that through hard work in life, success comes in hand. Overall, Kiyosaki's book in well-written and should be read by more individuals....more info
  • Greatest Personal Finance book!
    This is far by the greatest personal financial book! It sets the bar for all other books. It will change your life...highly recommend it for everyone. ...more info
  • Not a bad book but...
    Here's what no one else has picked up on. The author tells you a number of stories and learning lessons from his early childhood, He remembers the experiences WORD FOR WORD. Now I don't know about you, but I certainly do not remember conversations "word for word" from when I was 9 yrs old, especially about investing. I think the author wanted to teach readers about money & investing in such a way that a child could understand. ...more info
  • Disappointed.
    Expected to receive full size book. Instead got a baby version. Guess I'd better read the fine print next time. ...more info
  • Rich Dad Poor Dad- a good book
    I think that Rich Dad Poor Dad is a good book because it shows people how there are many different views of how to earn a succesful future and career. It demonstrates that poeple have to work hard everyday in thier lives in order to have success and it takes time to build up a well earned future. I enjoy how the author, Robert Kiyosaki, shows the reader the steps and lessons that he learned while growing up to become rich. I really enjoyed reading this book and I reccommend others to read this book since the author spends his time to explain in an orderly fashion how to become rich through working and studying hard....more info
  • It's Okay but Stick to What Works.
    I just finished reading Rich Dad, Poor Dad (and probably spent way too much money but that's beside the point). It's a great book with lots of financial tips and advice. However, a lot of it has to do with just plain old common sense. Spend less than you earn, save money, and invest wisely. That's all there is to it.

    I'm a bit skeptical on Robert's brilliant memory...a lot of the recollection he had when he was younger sounds more like a script for a drama than an actual conversation between a young child and grown adult. I'm also skeptical on the house ownership being a liability, than an asset. Wouldn't that fall under the real estate investments he often talks about in the book? It doesn't matter if you own land, buildings, etc...you still pay taxes on it. I'm also still not sure how $2K monthly in assets and $2K montly in liabilities makes one wealthy. According to my calculations, that makes one broke.

    I, for one, don't buy his 'Don't go to school' advice. My college degree has paved the way for many opportunities; one of them being around rich and wealthy people who gave me excellent financial tips, and which I'm still generating much income today as a result. Do not knock the value of an education and what it can do.

    So I do recommend the book, but keep an open mind and don't take everything he says to heart. Don't just quit your job the next day unless you have a plan as to what you want to do. ...more info
  • Motivating Book
    This is a motivating book. This is great for anyone who wants to think outside of the box and make money outside of the everyday job. I loved the book and the points that are made, especially around stock and real estate investing. The book has helped me think about thinks differently in my financial planning. Good book and highly recommend it. ...more info