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Customer Review

TOP 500 REVIEWERon 23 September 2016
This is an interesting book by Robert Kiyosaki in which he uses a parable of his own father, who was an employee, and his friend's father, who was a businessman, and the lessons that he picked up from each about what to do and not do for financial success. His father is used as an example of beliefs, actions and advice which one should reject and his friend's father as an example of a person to be emulated for success.

While there are lot of valid points that are contained in this book, there are lot of points that are not sound advice. Kiyosaki's advice that as a businessman one should always pay himself first before anyone else (even the government) is advice which was followed by another businessman Mallya - he paid himself before his employees, creditors and government. This kind of advice can be a moral hazard.

Also his insistence that only if you are a businessman can you be successful is also not very sound. I have been a businessman for more than 2 decades and to be a businessman requires a certain mindset - risk taking, ability to live without a regular pay check, thick skin etc - it is not everybody's cup of tea. Also 80 - 90% small businesses in India and US close withing 5 years of inception. I have lot of friends who are employees and who are very successful - some who are much more prosperous than me. What is important for security during later years is not whether one is an employee or a businessman but how much one saves and how wisely one invests.

Overall use your discretion - use what sounds logical when one applies common sense and reject the illogical!
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