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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Explodes the myth that you need to earn a high income to become rich, challenge the belief that your house is an asset. Show parents why they can't rely on the school system to teach their kids about money. Define once and for all an asset and a liability. Teach you what to teach your kids about money for their future financial success.
Publisher: Grand Haven, Mich. : Brilliance Audio, ℗2012
Edition: Unabridged
ISBN: 9781469202013
Characteristics: 6 audio discs (6 hr., 13 min.) : digital ; 4 3/4 in
Additional Contributors: Wheeler, Tim
Brilliance Audio (Firm)
Call Number: CD 332.024 KIY


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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.

Oct 07, 2014

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

Nov 13, 2012

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


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