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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! (平装)
by Robert T. Kiyosaki, Sharon L. Lechter
| Category:
Personal finance, Personal wealth, Self help |
| Market price: ¥ 168.00
MSL price:
¥ 158.00
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| Stock:
In Stock |
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MSL rating:
 Good for Gifts |
| MSL Pointer Review:
A life-changing education on personal finance. |
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AllReviews |
1 2   | Total 2 pages 17 items |
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Zig Ziglar (world-renowned author and lecturer) (MSL quote), USA
<2007-01-12 00:00>
To get over the top financially, you must read Rich Dad, Poor Dad. It's common sense and market savvy for your financial future. |
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Mark Victor Hansen (co-author of the #1 Chicken Soup for the Soul series) (MSL quote), USA
<2007-01-12 00:00>
If you want all insider wisdom on how to personally get and STAY rich, read this book! Bribe your kids (financially, if you have to) to do the same. |
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An American reader (MSL quote), USA
<2007-01-12 00:00>
Kiyosaki by now has reached a superstar notoriety few authors ever achieve. The reason for which is simple, the books he writes are valuable and of superb quality. The get rich fast genre of books has crescendoed in recent years. Most are unsubstantive and heavily rely on gimmicks and the business du jour to sell. Kiyosaki instead writes a book that encompasses all one NEEDS to know to change their thinking about money. Those who successfully can do it, can see huge changes. However, Kiyosaki notoriously leaves out specifics on achieving great wealth. The how (to become rich) according to him is not his job, but rather yours. Since there are myriad paths to riches, one method may not work for another. With plethora of reading material now available to become rich (some better than others) its your job to supplement your education, although he makes recommendations.
Kiyosaki insteads emphasizes one point on becoming rich, that is the main barrier to achieving wealth for most people...our thinking. Its not smarts, looks, talents, who-you-know or even what you know (although these attributes wouldnt hurt). You obviously need to be armed with the know how to start your path to riches. Instead, Kiyosaki emphasizes the methodology of thinking that must be overcome. A monumentous demand, to obliterate all our pre- conceived notions of money. But if you arent already rich and want to be, then its time for a change, right? He explains, the rich not only think differently about money from the rest of the oblivious masses...they think OPPOSITE! He also points how risky it is to continue to live a life of dependence on a job. A death trap to becoming rich. When one can fully realize the opportunities that abound all around us, can we thus mentally visualize the wealth that can be created. He uses the titanic pioneers of industry like Ford, Carnegie, Gates, Buffett to exemplify what he posits.
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Dan Meloney (MSL qoute), USA
<2007-01-12 00:00>
A few reviews here seem to focus way too much on Kiyosaki's specific investing advice. That's not the point of this book as I see it. The point is to get you thinking differently about money and to gain the perspective of how a rich investor thinks. People seem to read this book thinking they are going to get some kind of specific advice or "get rich quick strategies" or whatever. When they're told that investing is inherently boring and that they need to start to adopt a more serious mind with regards to money, they move on to the next latest and greatest book. It doesn't suprise me that so few people really become rich- becoming rich takes decipline and mental seriousness that most people don't have or don't want to have.
Me personally, I won't criticise Kiosaki's lifestyle until I'm living it myself. There's a story where he talks about how most accountants, bankers, stock brokers etc aren't rich, yet people for some reason listen to their advice. How can you learn something you want to be from someone who doesn't have it? Likewise, how can you dismiss Kiosaki's ideas as wrong until you have tried and varified them for yourself in your own life. Most people will dismiss things without even trying them, as if they want to prove themselves right somehow. You can be right, or you can be rich.
I would suggest people read this book and make up their own mind, rather then read some reviewer's opinion. I would say for myself that I found it outstanding for giving me a new perspective on money. Even if you're on the path already, I would say it's good to come back to the basics, which is what this book is about. The basics of how to think like a rich person. |
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Shane Brewer (MSL quote), Canada
<2007-01-12 00:00>
I was really impressed with this book. It took me awhile to come around to it because it messed with my thinking so much, but since I have come to hold this book in high regard. This is mostly due to the unorthodox nature of this book compared with other financial books and advice.
This book spells out financial advice that is usually complex and jargon- filled, in an easy to understand, straightforward, tell it like it is fashion. Robert Kiyosaki does not shy away from saying the tough truths that we all need to face ourselves.
Essentially, this book is about changing your thinking fundamentally about how you look at money. Instead of purchasing liabilities, people need to be looking at ways to buy/acquire/create assets. While this book doesn't get into that specifically, it does provide a good starting point for where to look next.
This book is also essentially a sales pitch for the game "Cashflow". However the game itself is fantastic and I would highly recommend that as well.
In summary, this book will mess with your mind. But stick with it and let some of the messages in. I highly recommend this book to anyone and everyone. 5 out of 5 stars. |
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T. Kenyon (MSL quote), USA
<2007-01-12 00:00>
This book must be approached carefully.
On one hand, reading it is an excellent way to begin to turn your mind around about money. My parents bought timeshare condos and viewed the timeshare condos as "investments," because they would at least theoretically appreciate and could be inherited. They also spent thousands of additional dollars every year in "maintenance fees" and bought the percentage of a condo on a mortgage at usury interest rates. I knew that there was something wrong, and I sat down and did the math and figured that each condo unit was worth about $5 million to the guys that built it, plus yearly income. Buying a similar condo outright would have been about 100K, at the time. I tried to show my mom that by investing that money in the stock market or something, after 10 years (the length of the mortgage) they'd have more than enough to take fantastic vacations anywhere for the rest of their lives, but she had none of it. That was when I figured out the difference between and "investment" and a "liability." Those condos were liabilities. They just kept sucking money every year. Getting your head straight between something that you pay for and something that pays you is worth the price of this book.
However, some of the things that Kiyosaki says that he did to accumulate his wealth give me the creeps, like when he bought some land for $150K, and then turned around and sold half of it to a friend for $150K. I would never do business with this guy.
In summary, this is a good place to begin your financial literacy journey because it teaches you the vital difference between assets and liabilities, a distinction confused by advertisers in today's society.
However, as many other reviews have noted, there is precious little solid information in this book. You will need other skills to build wealth. No book can tell you everything, all at once.
There is one more important lesson to be learned from this book, though it is an unintended one: branding and building a business. Kiyosaki self- published this original book, and all the later ones, too, and has built a huge business on the Rich Dad/Poor Dad financial products. He makes a whole boatload of money off them. That's another lesson to learn. |
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Daniel Dorset (MSL quote), USA
<2007-01-12 00:00>
While Mr. Kiyosaki's book is a painless, fast-paced read, most learned investors will find it to be a trail of bread crumbs leading the reader to part with more of their money and recieve little nourishment. The book's title implies that the road to wealth lies within its pages. However, Mr. Kiyosaki's message is simple, and should be common sense to those who are financially literate. "The rich make their money work," says Kiyosaki. In other words, they invest, be in it real estate, stocks, commodities, or one of many other things. And then they take the money made from the investments and invest it again. They don't buy boats, Ferraris, or platinum and diamond dental work unless they can afford it many times over. That is essentially the whole book, with the same idea repeated in slightly different ways. The rest is anecdotes lacking any real edification.
So naturally, you want to know more. Well, Mr. Kiyosaki has many resources available for you, including a $195 (!!!) board game and a slew of books that supposedly take you closer to the loaf you crave.
If you want sound financial education, including detailed theories on beating the market and wisely choosing real estate, there are plenty of low-priced resources to get you started on that path. If you want to read about people becoming rich, and think advice like "Start a business!" and "You won't have to fix clogged toilets if you use a property manager!" will help you, then dive in to the Rich Dad quagmire. Just don't expect to be a Rich Dad after you slog through it all.
If you're a beginning investor, The Only Investment Guide You'll Ever Need, by Andrew Tobias will help you get your feet wet and begin formulating an investment strategy, while The Millionaire Next Door will teach you how to live a financially comfortable life regardless of income.
Kiyosaki is no doubt a tremendous success story; his "Rich Dad" franchise is proof enough. But his advice is too diluted and requires too much expenditure of time and money to be a good competitor to solid, straightforward financial help books. If you want to break into the upper crust from something other than long-term, carefully managed investing, prepare to spend a lot of time, to take serious risks, and to learn and think on a higher level. This book is fluff compared to what you need to be reading. |
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Andrew Woollock (MSL quote), Japan
<2007-01-12 00:00>
A few years back I would have most likely NOT read this book. Raised not to talk about money and then later in life finding myself seated towards the 'intellectual' end of the table I was foolishly somewhat of a money snob. I guess too that the smugly grinning Kiyosaki in his Christmas jumper or the picture of Kiyosaki and wife astride white horses (Japanese cover) also did nothing to inspire my confidence or to hint at what greatness lay beneath the cheesy dust-jacket. Thankfully I am over that and ready to receive.
I'd like to quote two points from the book that illustrate that period well -
"Too many people think with their mouth instead of listening to absorb new ideas and possibilities, they argue instead of asking questions…"
"'Intelligence' combined with 'arrogance' equals 'ignorance'..."
The above maxims give you a flavour of what you will get between the covers. Rather than obvious PMA or thin motivational speeches what you will find is an insightful, illuminating, engaging, stimulating and thought- provoking book (or at least you should). In many ways what Kiyosaki is presenting us with here is a rather improbable melange of schools of thought, a neo-confucian mindset coupled with a hard-core capitalist. A blend which creates a dynamic and practical to get yourself out of the 'rat-race' and onto the 'fast-track'. Packed with very real examples and step-by-step guidance Kiyosaki presents his thesis in a language that will exclude no one. The quandary then is if you choose to hear him or not. As he says "All of you were given two great gifts: your mind and your time. It is up to you to do what you please with both. With each dollar bill that enters your hand, you and only you have the power to determine your destiny. Spend it foolishly and you choose to be poor. Spend it on liabilities, you join the middle class... Every day with every dollar, you decide to be rich poor or middle class" - wise words indeed!
As a footnote it's worth noting two things, if you sift through the one or two star reviews above in many ways they are more illuminating than the higher orders, and it is those that really show the difference between the 'have-nots (read; don't want) and 'haves' (read; wants). Those one and two star reviews really reflect back a good deal of what Kiyosaki talks about. The second point is that as with any work of this nature it needs reading and understanding in the widest possible context. One of the only ways you can do this and fully appraise what the author advises is to
i) read a number of other related books.
ii) put into practice what the book advises. |
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Jason (MSL quote), USA
<2007-01-12 00:00>
While Robert Kiyosaki has become somewhat of a star as of late, his original book is indeed recommended on the reading lists of anyone looking to get a leg up in terms of how to think when it comes to finance.
With financial literacy being laregly neglected in our school system, many are often left withuot the neccessary tools and mindset to ensure financial success. In these times of both economic turmoil and oppurtunity, Kiyosaki's book couldn't be more relevant.
Putting it mildly, you will never get rich as a 1040 wage earner. The government taxes those wages and the more you make, the more you pay. Consequently, there are other alternatives, such as building an investment portfolio that is not subjected the rules and regulations as your paychecks are - to your benefit.
While Kiyosaki primarily focuses on real estate, other options such as stocks, 401ks, roth RIAs, etc. are also viable options for those just starting out. Savings accounts in banks are never a bad thing, however with such low yields your money would be better well served in an alternative situation.
Kiyosaki does ramble a bit and the book could have used a bit more editing, however it stands as a real eye opener for many (including me) as to how one needs to think in order to achieve financial freedom and prosperity in today's world.
Highly recommended for those who want to get a leg up, or any young person out there who wants to get more out of life than working for everyone else in the world but yourself. |
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An American reader (MSL quote), USA
<2007-01-12 00:00>
The advice given each day by the "Rich Dad's and Poor Dad's" as well as Mom's and others can be all over the map. Based on the knowledge and experience levels of the people we choose to hang around with, respect and listen to for advice, the advice we end up getting can be quite valuable or very harmful.
This book is a valuable wake up call for many. The lessons in the book can help millions of people make better financial and spending decisions each and every day on how to use their personal income, their daily living expenses, their credit and their personal cash flow.
The second wake up call and opportunity for many is improving their knowledge of Assets and Liabilities. Many people would benefit from simply improving their knowledge and make better decision relative to their personal assets, liabilities and their retirement and financial security needs.
Oh yes, if their goal is to become RICH, then this book has some valuable tips for those people as well.
This simple book could help millions of people change and help them make better financial decisions every day. The lessons from the book can allow people to take more postive control of their daily financial choices and help to reduce their dependence on others. |
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