Before reading this book, I had no answer to the question why the children of rich parents are rich and the descendants of poor people are poor, and why poverty is eternal while broke is temporary. I didn't know why rich persons quickly recover from bankruptcy while poor people even winning millions in a lottery sooner or later revert to the poverty again. This is the first book I ever read that clearly and briefly provides the response to the question. What differs rich from poor is not how they earn their money but how do they spend their money. Rich people spend all the money on money-generating assets, and the rest is kept for luxury like big houses or nice cars. Luxury is merely a reward for a high cash flow from the assets. Not enough money comes from the assets - no luxurious toys. Poor is the opposite - they buy liabilities like a big house and a powerful car which besides mortgage and credit payments require a big sum of money to upkeep them. Thus the poor class is always in debt and is deprived of money required to purchase the sources of income. The most of the case vignettes of the book are fiction, and the author warns not to follow them literally but to use them as a source of inspiration and imagination and always use your own brain and your own judgment. Do not treat this book as the author's biography, as it may have seemed so. When I read a chapter about the childhood of mr. Kiyosaki and his next-door playmate, Mike, I've found so much interest, stimulation, liveliness and variety in this section that I've instantly realized that it is a literary work of imagination. Because of the author's excessive mixture of real names and thought out cases, some people may conclude that mr. Kiyosaki is trying to trick or deceive them (e.g. "John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad"). Please do not think this way about "Rich Dad Poor Dad", just treat it as a solid non-fiction framework with fiction illustrations.Read full review
the book is simple to read and offers simple suggestions about to make some much dollars that are fleeting this and last days that we live the American dream. He says to pay our selves first like the adage of the rich man of Babylon. the information is obvious to those who care to read some info that makes simple sense and that is already printed somewhere else. He made his main fortune in real state, but mostly from the sale of this common sense books. the stock market is another of his suggestions. Nobody is going to disagree with the author of such smashing best seller that catapulted him into stardom in public television and books stores all across the South land. Yet, the book can teach one by osmosis how to take action, make buttom low offers in real state, and to limit liability. It also teaches what really is an asset, and how to limit ones liability. The book gives a helluva of information that can bring some needed money. thank you.Read full review
Decided to purchase this book after I took a seminar of Rich Dad, Poor Dad and his people referred to the book, so made me curious. It is good reading as it previews his years growing up. Some parts are humorous, especially the views of a pre-teenager. Explains how to make money work for you, as to making money. I would recommend reading this if you want to pursue ways to do that.
I bought the book due to a recomendation from a friend in Mexico who read it in spanish. This book has been an inspiration for me. It taught me to discover what is the real meaning of economical freedom. To understand what it means to plan your life in an intelligent way. And to distinguish and pursue the principle on not working for money (which in reality enslaves you) but to make everything possible to make your money work for you (and set you free). What I liked most is that the book is not a receipe. Based on the principle that each human being is unique and therefore has to find his/her own way to apply what is learned from the book. Instead of becoming a recipe, it gives you ideas, principles, reasons, in order to make you discover whay your life is the way it is. And discover the power that you have to make changes and create your own plan so you can have the possibility to put the money you earn, to work for you. It is a great book, and it can do a lot of good to whoever has the oportunity to read and think about what Mr. Kiyosaki wrote. I would like to extend my thanks to Mr. Kiyosaki. Sincerely, David MongeRead full review
I was told about this book 4 years ago by a customer of a bagel shop I use to manage. She even went as far as to bring me a copy of the book on cd. Of course I point that out because I never listened to it so I finally purchased the book. I read this book within 24 hours, and I am amazed of the information that is in it. I sell health insurance, involved in an MLM, and working on an ebay business, which really has helped me to put my hard times into perspective, and understand how I am having more successes. I also failed at my first investment property from 5 years ago, and this book points out the things I failed to do before I ventured into real estate. Need insight on what it takes to begin the process to becoming wealthy, then this is a must read. It is always a matter of how one thinks.Read full review
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