It was this chapter that I realized that homeboy Kiyosaki is quite pompous. You don’t need to earn a high income to be rich. If your money is hard at work making more money, your need for a job is eliminated because you can live off the earnings your money makes for you. I pushed aside the part of my mind that was shouting "This guy is trashing highly educated people and the working poor!" Kiyosaki says that the rich think about money differently than the poor and middle class. Before delving into where the book goes off the rails in this Rich Dad Poor Dad review, let’s consider what it gets right. Robert Kiyosaki emphasizes six key points through out the book. Plus, after reading the analysis of this book by John Reed, I became increasingly skeptical about it: the author is making money out of writing this kind of book instead of through managing his own finances. Understanding the history of taxes provides a different mindset on the topic, avoiding the common mistake that imposing a higher tax will ultimately hurt the majority rather than penalize the rich to pay for the poor. The need for sound financial literacy has never been stronger than it is now. Book Experience: This book Rich Dad Poor Dad was recommended by many of my peer groups and till now I kept it in the to-read list. This book may do a good job of getting you excited about your financial future but the false information it teaches negates any benefits. The importance of financial literacy. Book review of Rich Dad, Poor Dad: Strong Points: The original idea of the book Rich Dad,Poor Dad , and also the extremely effective presentation of educational financial concepts are … Otherwise, it wouldn’t have sold over 32 million copies. Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his 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. It was recommended to me by a friend so naturally, I dove in headfirst. It was published on April 8, 1997, and has been translated into 51 languages and sold over 41 million copies worldwide. As a young boy, Robert Kiyosaki grew up with two very influential people. I first read the book back in 2000, when I was still a budding entrepreneur. And if possible, don't buy it, just borrow from local library. Rich Dad Poor Dad Book Review. Wow, what ideologically driven, poorly written, paternalistic rubbish! Download This eBook, Rich Dad And Poor Dad.. Read and Grow Rich Click Here To Download Now For 100% Free Today is another great day to all of us here on NairaLearn. How to take control of your financial future. Rich Dad Poor Dad Review. Yet, if you look at the way humans are designed to learn, we learn by making mistakes. We learn to walk by falling down. Rich Dad Poor Dad Review. You can read this book for leisure but it won't help much in managing your personal finance. The basic concepts of how money works, and why it’s important to keep a portion of everything you earn, and then turn around and make that money work for you, are surprisingly unknown to most people. There is no magic to this than to strap up and get it done. Rich Dad Poor Dad is a book written by Robert Kiyosaki and Sharon Lechter in 1997. You can start teaching your children financial literacy like his second dad right now so that your children can launch successfully into financial adulthood. RICH DAD POOR DAD 1 What the rich teach their kids about money – that the poor and middle class do not! Ray then went on to say that his whole focus of the McDonalds franchises was to locate the most potential geographical locations to place the McDonalds franchises. Rich Dad Poor Dad will have you questioning everything you think you know about money. The book has a motivational aspect as well as financial advice and strategies devised by Kiyosaki. We have talked a lot about Dave Ramsey on this blog including 15 Dave Ramsey tips that will change your life. Refresh and try again. It is very easy and interesting to read. Thank God I didn't waste money on the "classes". Rich Dad Poor Dad Review. This book has a picture of the author on the cover. After reading this book, your motivation to build wealth will not be a problem, and your drive to apply the lessons taught will be enough to launch you on a prosperous financial path. Wish I had read this way back! But do we really understand how monetary economics works? Some of the ways we achieved this include side hustle, budgeting, great negotiation skills, and geographical arbitrage. The contents of this book, tells the story of a young man, who is the author himself, being brought up by his natural father the conventional way of getting a job, saving every penny, working hard and climbing the corporate ladder. Many believe if they can just save enough money, or win the lottery, or something of the likes, that they will solve all their stress and problems. READ IT! Rich Dad Poor Dad by Robert Kiyosaki and found at richdadcoaching.com, is a business coaching & mentoring program. If you want an honest and straight forward financial book, I would highly recomemend Dave Ramsey baby steps, the richest man in Babylon, and the millionaire next door (skip 1st chapter). This is a GREAT book! The Five Big Ideas There are quite a lot of things you will learn from the book “Rich Dad Poor Dad.” Some of the lessons I learned are: How the rich invent their own money. How is one to invest money? Failure is part of the process of success. for people whom are lazy let them be lazy. Check out this awesome Rich Dad, Poor Dad Book Review Example for writing techniques and actionable ideas. She asked Robert how to be a great writer like he was, and he responded to her mentioning she should try taking a suggested sales course. Could someone name some concrete financial books with steps or action points? people are self-fish they don’t take the time to learn, they alway wanted to take the easy way out. The difference between Assets and Liabilities (Why your home is not an asset). If you search for the best non-fiction (business) books list, the one that is popular even today is “Rich Dad, Poor Dad” and after reading it, I understand why. Keith Cunningham was a close friend of Robert Kiyosaki’s and told him of an experience he had at the University of Texas. One of the best books I’ve come across on financial education has been Rich Dad, Poor Dad by Robert Kiyosaki. It made so much sense to me and I related to it. The life changing book that has been a personal finance best seller for over a decade written by author Robert T. Kiyosaki. I am not exaggerating. I never imagined how this book would shape my view on money. The rich don’t work for money, because they make their money work for them. If you are seeking to learn how to make money work for you rather than be tied to your traditional 9 – 5 job for 40 years before you “might” retire, then there is no better book to start with than Rich Dad Poor Dad by Robert Kiyosaki. and I was able to actually become enthusiastic about the message of the book. Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. This book is more a motivational book rather than personal finance book. It says “best-selling…” not “best writing…”. You should read Money, Master the Game by Tony Robbins for finance overview. The "Rich Dad, Poor Dad" is the story of a person who is actually the narrator and author and has two fathers: the first was his well educated biological father, termed as the "poor dad" - and the other was the father of his childhood best friend, Mike, termed as the "rich dad" who is less educated. The book is largely based on Kiyosaki's upbringing and education in Hawaii. Robert Kiyosaki’s fuss-free guide to financial independence draws from his relationships with both his highly educated but poor father and his high-school-dropout, self-made-millionaire mentor. Now, it’s learning about.. finance. Thus the title of the first lesson taught in Rich Dad Poor Dad – “The Rich Don’t Work For Money.” This particular concept was reinforced in our first book review – The richest man in Babylon. I figured I would re-read it now that I have more experience under my belt. The reality is, money will not solve their problems, and will soon be gone as Robert teaches in Lesson 2. The typical parents, especially from my African background want you to go to school, get straight As, become a doctor and work for money. Being frugal came easily to me based on my background. You might want to bookmark that summary for later, it ties in nicely with the current article – rich dad poor dad review summary. Rich Dad Poor Dad is NOT a book that will explain to you what a 401k or an IRA is. What Rich Dad Poor Dad Gets Right: 3 Main Lessons. He'll say something like "now what they need to do here is score a touchdown. “In school we learn that mistakes are bad, and we are punished for making them. I should’ve considered myself warned. Instead, Rich Dad Poor Dad offers you something completely different – it will make you think! In a short amount of time we gonna show you why FLIP is better for you then a normal PDF File. Rich Dad, Poor Dad by Robert Kiyosaki - Book Review This post may contain affiliate links. The book starts out by taking you through Robert’s childhood where he describes his experience with his own dad, the poor one, and his friend’s dad, the rich one. Did you find any other books that were more helpful than Rich Dad Poor Dad? we still have a long years of living together. Honestly, it was on my to-read list for the longest time, but I never got to it until more recently. Once the home was in his name, he had multiple buyers at the price of $60,000 ready to buy and he then sold that house within minutes at the price of $60,000. They even had his boardgame; This book is more a motivational book rather than personal finance book. Keith was part of an MBA class that had the opportunity to listen to Ray Kroc, the owner of McDonalds. At the same time, he also had a "second father" who taught him a different way to view things and how to start from scratch and build his business into an empire. Although the book is controversial and often takes criticism, people still believe it’s worth reading. This book goes on my shelf of four books I read over and over, books I read devotionally. As it is, the price is so overblown that there really should be no question as to whether it should work or not. On one hand, it is rather inspiring, in a John Madden sort of way. has been a landmark among personal finance books, a best-seller that has sold nearly 40 million copies worldwide.. In this Rich Dad Poor Dad review, we’ll go into the 6 lessons that will help you do just that! In this post, I summarize and review the bestselling book Rich Dad Poor Dad by Robert Kiyosaki. Think of your money as slaves, they work for you. A book review on "Rich Dad Poor Dad" 1. In 1994 Robert sold his business and retired at the age of 47. I wish I knew what I know now when I was 14. His own father and the father of his best friend. I enjoyed it so much that I not only listened to it twice on CD, but also read the book itself. Then I started Lesson Two: Why Teach Financial Literacy. The first chapter was great. Rich Dad and Poor Dad, eBook Version Free Download By Robert T Kiyosaki. This is a true personal finance classic, but I had never quite gotten around to pulling it off the shelf and was glad to check it off my list. Amazing book. 29 Nov,2017 Arshdeep Leave a comment. I think that if they can do that, they will turn this game around". In this Rich Dad Poor Dad review, we’ll go into the 6 lessons that will help you do just that! It's about how we are taught to think; how we are programmed by schools, family, and friends to look at the rich as greedy no good bloodsuckers and opportunities as risks. Rich Dad Poor Dad Review. Actually Kiyosaki books rich dad poor dad it very good. It highlights the different attitudes to money, work and life of two men (i.e. Join Dr. Breathe Easy Finance Community For Awesome Financial tips. Robert Kiyosaki (Rich Dad Poor Dad) offers personal finance education to help you learn about cash flow, real estate, investing, and business building. Rich Dad Poor Dad is Robert Kiyosaki’s best-selling book about the difference in mindset between the poor, middle class, and rich. Finally, I did it and have come across a major lesson behind this book. The author found this offending since she already had her degree. In Rich Dad Poor Dad, Robert Kiyosaki summarises the lessons learned from two different perspectives, that of a poor man, and that of a rich man. I’ve since become a huge fan of Robert Kiyosaki and have read many of his other books and watched a lot of videos of him. Or ho… Rich Dad, Poor Dad was a quick personal finance read and, at many points in the book, I was motivated to change my life. In its pages, Kiyosaki and Lechter described the mentalities between two paths to wealth accumulation and why you should strive to become more like the “rich dad” instead of the “poor dad”. If the rich don’t work for money, then how are they rich? Rich Dad, Poor Dad. Ray Kroc met with the student’s afterword for a drink in which Ray asked the students “What business am I in?”  The students chuckled at his question, to which he asked again “What business do you think I am in?”  One of the students responded that he is in the business of making hamburgers. The storytelling was simple and informative. I literally thought that this book was a novel, like one of those cheesy Mills and Boons. It made so much sense to me and I related to it. A couple weeks ago I wrote a review on my favourite personal finance book: The Wealthy Barber.. These assets may be real estate, buying up small businesses, investing their money in growing companies, and everything in between. The article discussed 8 steps to free your children that failed to launch and how to prevent this from ever happening to your children. These points — which differentiate between his “poor” dad (his real dad) and the “rich” dad that helped him understand business and become wealthy — are: The rich don’t work for money. As a result of Robert’s work, me and my family have read this book repeatedly, and every time we come away with someone new that we hadn’t seen or didn’t remember. This was also based on his ideologies that having a good financial knowledge and starting a business is the most important secret to wealth. Rich Dad , Poor Dad (Rich Dad #1), Robert T. Kiyosaki, Sharon L. Lechter Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. We’d love your help. APPLE BOOKS REVIEW. As a result, I have a big gaping hole in my knowledge, and no idea about what to do with the money that I’m currently saving. I have spent my entire life studiously avoiding economics, finance, accounting and all associated disciplines, instead always choosing the history/politics/social sciences path, and then studying law. You'll learn the facts as well as the 9 central lessons of this popular financial publication that will enjoy its 23rd Anniversary in 2020. Reading this book reminds me of every conversation I’ve ever had with a middle-aged, white guy, whose sense of entitlement and self-importance has reached such a critical level that as they lecture you on the reality of life, as they see it, while doing so by telling ridiculous, unrealistic parables that border on the nonsensical. I picked this book randomly because of its purple cover. he reality is that money can be used to multiply itself, and build “geese that lay that golden egg” so you no longer have to work by obligation. It aims to teach financial literacy, a very important tool that would enable a person to ensure a prosperous future through the application of his advices written on the book. Today, I’m going to be doing a Rich Dad Poor Dad Review.. Rich Dad Poor Dad is a book written by Robert T. Kiyosaki and published in 1997.. READ IT! He refers to his friend’s dad- aka second dad as the rich dad. I am. Persona. After some recent events in my life I wanted to understand the financial thinking of people who were raised wealthy and those who were not. In Budgeting Tips, Money Saving Tips, The Babies of Personal Finance, In Budgeting Tips, Personal Finance Guests, Personal Finance Tips, In Budgeting Tips, Personal Finance Guests, In Budgeting Tips, Personal Finance Guests, The Toddlers of Personal Finance. 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