Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! | 
 enlarge | Authors: Robert T. Kiyosaki, Sharon L. Lechter
Publisher: Business Plus
Category: Book
List Price: $16.95
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Avg. Customer Rating:  2153 reviews
Sales Rank: 101
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 207
Shipping Weight (lbs): 0.6
Dimensions (in): 8.9 x 5.9 x 0.7
ISBN: 0446677450
Dewey Decimal Number: 332.024
EAN: 9780446677455
ASIN: 0446677450
Publication Date: April 1, 2000
Availability: Usually ships in 1-2 business days
Shipping: Expedited shipping available
Condition: cover edge wear ; minor scratches on cover ;207 pages ; (C) 1998
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Amazon.com
Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. --Howard Rothman
Product Description
Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. --Howard Rothman
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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 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.
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| Customer Reviews: Read 2148 more reviews...
 A forgettable book in a nutshell July 20, 2008
I read this book several years back, and frankly remember very little of it. In a nutshell, the real lesson of the book is that the poor buy necessities (food, clothing, etc.) the middle class buy liabilities (cars, boats, etc.) while the rich buy assets (stocks, bonds, real estate).
 If You Only Take ONE Thing From This Book ... July 15, 2008
... take the definitions of both an ASSET and a LIABILITY.
I read this book the first month it came out when I was a floating on a raft at the Hyatt in Kauai and I was so taken with it, I finished it and reread it a 2nd time. And I was on vacation. The entertaining style of it held my interest. What most held my interest though was his explanations of ASSETS and LIABILITIES. Gosh you know, all my life I was taught to believe my house was an ASSET. Well it is an ASSET - to the bank that holds the mortgage. To me it is a LIABILITY and a Money Pit.
Now it is nice to have a place to sleep at night and it's all mine! I can paint the walls any color I want!! But it sure ain't an ASSET. And I have all the bills to attest to that.
I do recommend the book to everyone. It really is basic accounting for your lifetime & family. Education is education and meaningful education is the name of the game. Somebody else wrote a review that if his grandparents were alive today, well, they would be dead today instead, because they would not be able to navigate the New Paradigm of 'Every Man for Himself'. He's got a point. The world IS changing, right now as you read this. This book is written for the Everyday Man and Woman. Good information to open up your brain and think about how and what you want to do to assure yourself a future.
Only "Rich Dad" Book Worth Buying July 14, 2008
Worth the money for the authors approach about assets and liabilities. His personal story is not very interesting but I like the way he focuses on different types of income. Do not expect a lot of detailed information since most of his "examples" are BS. His wife needed a new car so she just went out and found a property that would give her $500/month cash flow with no money down. Yeah right. All said and done though this book will motivate you and help keep your head in the right mind-frame.
Do not bother buying ANY of the other Rich Dad, Poor Dad books, they are only a re-hash of the information in this one.
Good ideas, but... July 14, 2008
The book has some great ideas, but I get the mental image of a late night infomertial. The basic storyline of the book is a bit far fetched, but there are plenty of ideas about finances and investing to get you thinking.
 Common Financial Advice Wrapped Within a Story July 13, 2008
Rich Dad Poor Dad became a best seller as a result of either introducing or reminding the masses of basic financial principals. The storyline is presented in a manner describing this advice from both a successful father figure with little schooling but ample street smarts, and a less successful father with an abundance of education but little financial sense. Given that only a small sector of society generally finds interest among dry financial books, the writing style undoubtedly also had a lot of influence on the success of this book.
Kiyosaki provides an adequate overview of assets versus liabilities and in depth explanation as to why assets with earning capacity are true assets while others that cost money to sustain (such as your home) are not. However, the message could have been given proper justice in a brief essay as opposed to a best selling book. The principle at heart, while true to the bone, is nothing more than what one would arrive at with a simple understanding of bookkeeping and common sense. Kiyosaki provides a lot of cliche with a story about his two Dads to attempt to add depth to the book, but otherwise the book provides little insight except perhaps to those with limited financial aptitude.
Kiyosaki is certainly a master marketer and undoubtedly made millions by marketing his books, so perhaps if there is a silver lining to the book it is that one might discover the genius behind how to market a book by reading Kiyosaki. Otherwise, look to the cliff notes on this book and save your time and money for a book that offers a more comprehensive study on finance.
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