Rich Dad, Poor Dad

Rich Dad, Poor Dad

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

Audiobook CD - 2012
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The #1 Personal Finance book of all time... translated into dozens of languages and sold around the world.

Rich Dad Poor Dad is Robert's story of growing up with two dads -- his real father and the father of his best friend, his rich dad -- and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

20 Years... 20/20 Hindsight
In the 20th Anniversary Edition of this classic, Robert offers an update on what we've seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take readers "fast forward" -- from 1997 to today -- as Robert assesses how the principles taught by his rich dad have stood the test of time.

In many ways, the messages of Rich Dad Poor Dad , messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago.

As always, readers can expect that Robert will be candid, insightful... and continue to rock more than a few boats in his retrospective.

Will there be a few surprises? Count on it.

Rich Dad Poor Dad... Explodes the myth that you need to earn a high income to become rich Challenges the belief that your house is an asset Shows parents why they can't rely on the school system to teach their kids about money Defines once and for all an asset and a liability Teaches you what to teach your kids about money for their future financial success

Publisher: Grand Haven, Mich. : Brilliance Audio, c2012
Edition: Library ed
ISBN: 9781469202167
1469202166
9781469202013
Branch Call Number: 332.024 Kiyosaki
Characteristics: 6 audio discs (6 hrs.,13 mins.) :,digital ;,4 3/4 in
Additional Contributors: Wheeler, Tim

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RSandrock
Feb 10, 2017

Fair warning: Kiyosaki repeatedly brings up "seminars" throughout the book, in an almost subliminal fashion. Since this book has taken off, he has created several companies providing "real estate investing" seminars throughout the country, under several company names ("Rich Dad Education," "Elite Education," etc.). There's a long history of complaints associated with these companies (see BBB), and they visit central Ohio on an annual basis, offering free seminars, which are basically a giant pitch for an upcoming weekend seminar ($200-$300).

A cynic might say he started this whole book series for the purpose of corralling people into these seminars, where they dump lots of money.

So sure, read this book, but DON'T stop there - refer to other authors (Dave Ramsey "Money Makeover" and, though more dated, Thomas Stanley "Millionaire Next Door") and other schools of thought/styles (more risk averse, more details/data, etc.). Many of these other authors warn against getting involved in programs very similar to Kiyosak's.

That being said, this book was my first step in learning more about personal money management, saving, and investing. Again, it is clearly the first step. The more I have read on these subjects, the more I see Kiyosaki's book as extremely general and extremely simple. Also, it's extremely repetitive; though short, it could be even shorter (he repeats his stories/examples far too often).

I agree that Americans are generally ignorant of finance across the board, and Kiyosaki hammers this point home. He also attacks conventional wisdom and myths that we assume by default, which is a good thing generally. Just be sure to cross examine what Kiyosak says with other sources- and DON'T pay for his seminars.

l
Lasali
Oct 07, 2014

This item was returned on time to The Whole Foods CO-Op library return.

t
tj_is_cool
Nov 13, 2012

Not a bad beginning book on how to get rich. Big on generalities, small on details.

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