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Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! (Paperback)
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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MSL rating:
 Good for Gifts |
| MSL Pointer Review:
A life-changing education on personal finance. |
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Author: Robert T. Kiyosaki, Sharon L. Lechter
Publisher: Warner Business Books
Pub. in: April, 2000
ISBN: 0446677450
Pages: 207
Measurements: 9 x 6.1 x 0.6 inches
Origin of product: USA
Order code: BA00559
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- Awards & Credential -
The #1 New York Times Bestseller and ranked #55 in books on Amazon.com as of November 26, 2006. |
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- MSL Picks -
"The main reason people struggle financially is because they spent years in school but learned nothing about money. The result is, people learn to work for money... but never learn to have money work for them." – The author
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.
Kiyosaki explains the 2 trains of thoughts that compelled him to view two tremendously dichotomous paths: one of exorbitant riches (rich dad), the other of destitute despair (poor dad-his biological father). Most of us who read these books were also probably taught similarly to his own poor dad. Robert by imparting this wisdom from his rich dad, becomes in a way our own rich dad. This insight when fully inculcated and believed can become earth shattering and ever life changing.
In short, this book is cheap and its insight into the mind of a rich person can literally be the epiphianic starting point to obtaining wealth on a level only limited by our own imagination. Its wisdom is invaluable. Kiyosaki cleverly refrains from fully revealing all his rich secrets in one book, to have material for other books now available.
Those who fail to realize the opportunities all around us, or refuse to change their habitual thinking about money are probably doomed to misery and wont be worth the effort reading.
(From quoting R. Charan, USA)
Target readers:
General readers
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Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates. Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich.
Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-oauthor of Rich Dad, Poor Dad and The Cashflow Quadrant, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education.
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From the Publisher:
A #1 New York Times bestseller, Rich Dad, Poor Dad chronicles the story of the authors two dads, his own father, who wa the superintendent of education in Hawaii and who ended up dying penniless and his best friends father who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a new financial paradigm in order to achieve financial success in the new millennium.
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| View all 17 comments |
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. |
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. |
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. |
View all 17 comments |
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