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Rich Dad Poor Dad: What the Rich Teach their Kids About Money that the Poor and Middle Class Do Not! Mass Market Paperback – 1 Sep 2011

4.6 out of 5 stars 1,295 customer reviews

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Review

Amazon.com Review

Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. --Howard Rothman

About the Author

About the Author: Robert T. Kiyosaki is an American investor, businessman, self-help author, motivational speaker, financial activist and financial commentator. Kiyosaki is the bestselling author of the Rich Dad Poor Dad series of motivational books and several other publications published under the Rich Dad brand. Having written over 15 books, with combined sales of over 26 million copies, he also has a blog and maintains a monthly column on Yahoo Finance. He writes about his latest thoughts on global economics, investing, business, world financial markets and personal finance on Yahoo.

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Product details

  • Mass Market Paperback: 274 pages
  • Publisher: Perseus Books Group; First Edition edition (1 September 2011)
  • Language: English
  • ISBN-10: 1612680011
  • ISBN-13: 978-1612680019
  • Product Dimensions: 0.6 x 10.8 x 17.8 cm
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (1,295 customer reviews)
  • Amazon Bestsellers Rank: #19 in Books (See Top 100 in Books)
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Top Customer Reviews

Format: Mass Market Paperback Verified Purchase
This book is excellent. A book that every parent should read, specially in India where the parents are only concern with the children's formal education and only focus in their children having a good job. If you are a parent or if you are planning to become a parent in future, you must read this book now!
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Format: Mass Market Paperback Verified Purchase
It was good financial advice which teaches you the value of money.
All youngsters should read this.
Don't waste your money on liabilities like a new car , a house or a new PC.
Be content with what you have.
Great advice.
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Format: Mass Market Paperback Verified Purchase
It is one of fantastic. Book on money, this book teaches about money what schools and other institutions doesn't...

In fact I recommend this book should be thought in schools. It's a fantastic guide how to deal with your finances and to develop mentality of rich.
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I am going to say something that might be controversial, but this is a really bad book. I don't mean the paper quality or the packaging, but the actual content of the book. A bad book by a supposed financial genius who has filed for bankruptcy multiple times (but let's keep that aside). What makes this a bad book is:

1. It gives you some really bad ideas. By bad I mean borderline illegal. Like befriending rich people for inside information on businesses. It doesn't sound bad on the way he says it but when you realize it, what he's talking about amounts to insider trading (which is illegal). A lot of the book concerns how taxes are bad and suggests how you can take personal corporation route to avoid taxes. That amounts to tax evasion by my understanding. Something that rich people can obviously do, but they can be caught and jailed for it.

2. It doesn't say much actually. When you have gone through the book you'll realize that you didn't gain much from it. Most of what it says is common sense. The best that this book can do is prime your attitude for saving and building up assets so that you can live on their returns. The book doesn't say anything on how to build those assets, how to manage the assets or indeed even give you advice on how to differentiate between assets and liabilities. He does attempt to do it through allegories but I don't think much can be learned from it.

3. He gives you stories and parables that have no backing. The biggest betrayal maybe in the fact that even though this book reads as an autobiography it's not and the person he calls "Rich Dad" didn't actually exist. He makes up a character and the story and tries to feed his advice through it's mouth.
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Amazing book and certainly it will change your perspective that saving isn't enough extra things need to be done cause you can't get rich just b'coz of your job. It will compel you to broaden​ your horizon of your knowledge regarding investing, reading and many more.
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This book has changed my perspective on money management and the art of making money. It's so true that we are always trained to work for money but never trained on how to make money work for us. This is the kind of advice that should be started at a young age as finances are a part of everyone's life.
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Format: Kindle Edition Verified Purchase
Awesome and must read for all. Very engrossing and practical book, i couldn't get off without finishing it. Am certainly going to read it a few more times.
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Brilliant book and no problem with print and paper quality.
Worth buying, a good read . Was trying to read this since long.
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