Rich Dad Poor Dad will….
Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. With perspectives that often contradict conventional wisdom, Robert has earned a reputation for straight talk, irreverence, and courage. He is regarded worldwide as a passionate advocate for financial education.
"The main reason people struggle financially is because they have spent years in school but learned nothing about money. The result is that people learn to work for money… but never learn to have money work for them."
Robert Kiyosaki Rich Dad Poor Dad – The #1 Personal Finance Book of All Time!
“Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future.” (USA Today)
©2011 Robert T. Kiyosaki (P)2012 Brilliance Audio, Inc.
I've not read the print edition.
Other investing/business type books, nothing specifically as it has it's own twist on things.
Focus on my balance sheet and less on my income statement.
This book can be summed up by saying, focus on your balance sheet and overcome obstacles when they're presented.
Robert - Yes
Tim - No
The narrator was constantly swallowing and making disgusting noises when he wasn't talking. The noises are loud and extremely unpleasant, especially when listening on earphones.
The content was good.
I would recommend this book to anyone who is looking for motivation to ignore any excuses and doubts and take control of their own financial situation.
The use of the dichotomy of the"rich Dad" and the "poor Dad" to explain the differences in thinking and financial attitudes works perfectly.
This is much better than any other book about finance I have come across in the past simply because it is much less boring and actually quite entertaining. It was very refreshing to not be forced to wade through chapters upon chapters of mind numbing drudgery, as is the case with most books about financial matters.
After finishing Rich Dad Poor Dad I experienced a renewed enthusiasm to work towards financial freedom. It presents the information in a manner which is easy for the layman to understand and digest, and is very effective in leaving the reader feeling energized and enthusiastic.
more research and less boasting; more solid information not just anecdotes
basic points are good but never elaborated upon
The book is very good!. The reader, Tim Wheeler, has not received proper breathing instruction to narrate a book. Some people don't breath while they speak. This is not a healthy habit. It is distracting to listen to a book where the reader holds his breath and gasps between pauses. It actully interrupts my breathing while listening to him.!!!
Priceless words of wisdom about money and finance.
Great read. Must be read. the story is very nice. and the content is very rich.
Yes, short read, some interesting thoughts
Yes, a few tweeks
Probably one of those iconic books, that everyone should read, so that they can talk about it with all the other people who have read it
Kiyosaki listened to both dads, thought about the advice, and made his decision. I thought going into the book that it would be a presentation of the two different perspectives. Instead it was the bashing of one and exalting of the other. Not that I disagree with rich dad or agree with poor dad, but I would have appreciated the book more if it would have presented the ideas in a more non-biased format, and shown the results of the two types of advice.
Good points are made, I just wish they'd have been presented differently.
20 something loving personal development and financial learning.
of course, it was easy to follow and very motivational.
the rich dad, he was funny
yes, it made me dedicate myself to learning about investing.
read it, should change your thinking.
"I'll be buying assets from here on!"
I really enjoyed this book. It teaches you the mentality that drives wealthy people and the core principles that made them rich. I am putting these principles into action.
"Motivational but thin on details."
This is a bit of a mix, really, and there are some issues.
It seems America-centric. A lot of the advice offered is not directly relevant to other countries because the laws are different. For example, in the UK it is not necessary to set up a corporation to claim business expenses offset against tax; you can instead set up as a sole trader or partnership.
It also does seem that Kiyosaki is cherry-picking when it comes to anecdotes offered. This may or may not be the case, but it is the feeling I get. He seems to go off on a rant when talking about an investment that increases in value by 16% year-on-year because he's been told by other people that the investment is "far too risky," but he does not explain the investment.
Nevertheless, some of the advice I do feel is sound. To own businesses (rather than taking time to run them yourself) and to learn to make good investment decisions and make them both seem good ideas from the point of view of the end goal of generating money without working for money. That's obviously the ticket to financial security which is what the book is really about. If you have a regular income and you don't have to "work" 40 hours a week to get it, that's the goal.
The problem for me with this book and many similar books is that it describes what has worked for Kiyosaki. Kiyosaki has a unique set of skills as has every other person. In his case it led to riches; in other people's cases that may not really apply.
This book encapsulates capitalism and for the most part whatever your philosophy, the advice is sound...at least from a 'Western' stance. Kiyosaki is clearly very passionate about the subject matter which adds an air of confidence and authority to his book. Some have criticised that the whole,'rich dad' thing is a fabrication...I would suggest that this is an irrelevance. Any successful entrepreneur will tell you that acting 'as if' is often a given. Kiyosaki can get carried away at times and make what I would say are ridiculous suggestions such as education being for mere fools......and this lets an otherwise excellent book down. At times, Kiyosaki apologises for being unfair...and then continues to be just that and there can be a two-faced element to his arguments as a consequence. Narration is always important with audiobooks and Wheeler's approach is impeccable. I'd encourage Kiyosaki to take some time out to embrace some more Eastern practices as money alone whilst important is ultimately a mere fabrication of mankind. Nevertheless a very enjoyable listen...if at times a tad trite.
"Inspiring, entertaining and insightful"
This book totally lived up to the hype. Inspiring stories and advice on all aspects of wealth creation as well as some nice spiritual observations.
I haven't finished listening to this book yet and one of the reasons it's taking me a long time to get through is that it's read in a very monotonous tone, which makes the material feel more boring than it needs to.
But I also have problems with the content of the book, since the author spends so much time telling us to accumulate assets instead of liabilities, but doesn't really get down to the nuts and bolts of how to do that, which is frustrating.
"Fantastic book!! Very useful"
The narration of the book is really fantastic, Tim Wheeler has great voice.I also like different topics that are covered around this book. It gives an idea of how we can train our children about finance and also there is a lot adults can learn and think about the financial information provided in this book. Author has not only gave us thought process but also gave an idea of how to start with it. It changed my perspective of thinking towards money, rich people and managing our finances.
"An enjoyable,outstanding eye opener !!"
I will 110% be listening to this audio book again as I feel that there was too much valuable information to take in all at once, next time I will be taking notes and using them to begin educating my own children. I listened to the whole book within 24hrs as I just wanted to know more and since finishing the book I have bought 3 more of Rich Dads audio books.
Tim Wheeler was a great candidate for Rich Dads audio books as he made the listening experience more pleasurable with his tone of voice and delivery of speech. He also has the ability to make you feel as though he is actually sitting beside you and talking to you personally.
It made me feel a little bit angry at times as I felt like the working class are actually kept in the dark about a lot of the topics spoke about in this audio book. It also aggravated me to think that my children are now also being "Trained" at school to become only suitable for employment. I have since been proactive about changing my children's course of education and also about they're financial way of thinking. A definite must have for any loving, caring parent.
For any one serious about opening there mind and changing the way they see things I would highly recommend. A small price to pay for potentially life changing information!!
Understanding the difference between 'classes' and assets/liabilities for me personally. I thought the whole book was good as an audio book.
An inspirational book. Recommend this book highly if you want to learn how to take control of your finances and make money work for you!!!
"Great book to start you thinking about financial literacy"
The book is easy enough to understand and is an ideal starting point for anyone trying to broaden their financial education. It has opened my eyes to what I am lacking in financial knowledge and possibilities that exist once one gains such knowledge. I've recommended it to my wife too. Definitely a good read. Note however that I don't take everything said in the book word-for-word as holy grail, I instead filter and make sense of what I think is useful and separate it from what I think is just feel-good fluff (which does have its place). Great introduction anyway that had got me thinking of investing in my financial education and buying other books, not necessarily from the same author.
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