But add in the actively bad advice that he includes and you’ve got a losing deal. One of the problems is that most people are looking for an easy way out. I thank Robert Kiyosaki for his books, and for changing the way I look at money and at life. My advice is to try his books before you buy. Either it will work or it won’t. However, it’s a good book just for the insight about the two types of things you can buy. Despite the claims of any author, I think every reasonable person could conclude that no honest money-making system is going to be really really easy. I can clearly say that i i am one of the people who have made money following advice from the book. Somewhat inspirational, but don’t expect to walk wawy with a wealth of knowledge you can begin using. if they think that working is the way out let them work until their 65 years and i bet you that they will be sorry. I wrote a review of the book also, I found it quite inspirational. We are just prone to turn out to be rich or monetarily autonomous once we have both a solid money related IQ and a firm, aspiring outlook to help it. If you put down the time to absorb the information, then you’ll mentality will expand and you will gain insight into what we really do live in. i think the most useful maxim that rich dad poor dad states is you have to use money to work for you. If I had the spare cash, I would probably even go to one of his seminars to talk to him directly. example: You can read about the Amazon rainforest all you want, but it’s a VERY poor substitute for actually experiencing it. *FREE* shipping on qualifying offers. What I dislike about him is his use of language and generalites to manipulate. It’s not supposed to tell you to buy some shares of GE every year, it goal is to get you thinking differently and move you in the direction of buying other books and reading more information. You can do it if you try. The cover even proclaims that it is “The #1 personal finance book … Contact him at www.davekinzer.com. To make the disclosure, you have to file a particular form with the SEC.” I think the best use of a book like this is as a springboard into a whole new kind of education. I think every one knows someone who is very wealthy, I say put forth effort and stop exspecting everything to be handed to you. April 2017 marks 20 years since Robert Kiyosaki's Rich Dad Poor Dad first made waves in the Personal Finance arena. If you remember Amway used the pyramid model that was copied by other companies after such amazing success. He makes it very clear that if you are going to succeed in anything he has said its going to take time, research and understanding. Good luck with your future endeavors as mentally poor individuals. I have read the book. Quiz (it only takes 3 minutes). He knocks stocks constantly. Business Book Club: Rich Dad Poor Dad I've set myself a goal to read one self-development book per month. i think the book teach us about the value of money.The more deep we read the book, more curiosity began of earnig money. 1. So this book is a puzzler then, so many good ideas, and yet so flawed. I LOVE RICH DAD’s philosophies and I think it is worth every dime but the impression that I came out after assisting a 3 days Rich Dad basic Real Estate course with this Instructor Stevens Edwards is that it was is just 80% sales pitch for the most expensive course and 20% instructional. hahaha. 4. Did you buy a house that is much bigger than your needs simply because the bank said you could? Would that motivate you? Wow, the John T Reed site posted above is pretty damning. funny article. Worked on west coast all the way to the east coast, and worked in the Middle East. Think Zanger Report, etc. This course basically promotes their other more in-depth courses Which can vary from 5k to 50k depending on the number of courses you choose (in a bundle) and if you sign during the 3 days event, if you decide to purchase after the 3 days you will pay almost 50%. I better start organizing my blog more. He received no replies from the ad, and all of his inheritance is now gone. PBS Public Television station The cover even proclaims that it is “The #1 personal finance book of all time!” First published in 1997, it is estimated to have sold over 40 million copies. advice. Rich Dad's Guide to Investing book. I definitely advise anyone to go to Rich Dad training any training just be aware of the instructor, if it is the one mentioned above be prepared for a person that only cares about selling the other courses and does not really care if you got what he was presenting or not. He now wants to sue the magazine for misrepresentation. I’m currently giving away a free copy on my blog. Find out exactly how much more money you could be making with my “Earning Potential” Personality Why Teach Financial Literacy. When I asked him what he learned, his only reply was that “advertising salespeople are crooks.” I then asked if he would be willing to take a course in sales and a course in direct marketing. In Reed’s words: Things like “I read the stock market.” What does that mean? The books not only inspired me, but they presented a world to me that I would never know existed. And for the ones who agree with you, the both of you will only worsen the gap between the poor and rich. This book is not just about money. Those incurred by the “assets” or those incurred by personal living? ie. But I don’t agree with the book’s focus on real estate, which is far too complicated for beginning investors, and the high-level advice with few actionable recommendations. 1.0 out of 5 stars Make sure you Select the Book Size. Look at it from a perspective of Logic and education. “Often in the real world, it’s not the smart who get ahead, but … Then their is little or no risk. The Rich Dad Poor Dad series is motivating, but they never give suggestions of what I can actually do. One of my favorite quotes is from his Rich Dad: Most people never study the subject [money]. “It is against the law to provide material, nonpublic information about a publicly-traded company to a person who trades in the stock of that company based on that information without first disclosing to the public what that information is. Is your mortgage payment so large that it keeps you from meeting other financial goals? Your California Privacy Rights/Privacy Policy. I have read several of his books. I can honestly say no one likes a leach but people are willing to help those with a great desire to help themselves. How professional John T. Reed, your statement: “I have grudging respect for this book, but every time someone raves about it, I usually just want to punch them in the face” I will grant you that you will NOT punch me in the face because your too busy punching your own self in the face. I’m a 30 year experienced project manager in commercial , solar, and oil and gas project manager. I was very very pumped when I first read this book a few years ago, then found my self with no real place to focus all that excitement and motivation. In other words it concentrates on the inner being of what it take to be rich and for most people that is much more powerful than a technical book of “how to’s” and “to do’s”. You don’t need to earn a high income to be rich. Thanks for sharing your review, Ramit. It is over-rated. Get my FREE insider newsletter that is helping 400,000+ people MAKE MORE MONEY! to get people started. if they think that working is the way out let them work until their 65 years and i bet you that they will be sorry. Very balances. Let’s take for example a car. he found a “little boy in my helicopter one day” and “had the right, if not the duty, to shoot and kill him on the spot. Another tip from the book is: educate yourself about money. Actually Kiyosaki books rich dad poor dad it very good. Alternatively, I’m hoping that once the newbies understand the 10% of the book that’s useful as a personal finance intro, they’ll understand enough to realize that the other 90% of the book is bunk. I personally own all his books and there isn’t one bit of information I didn’t find applicable. While the books do challenge my thinking and motivate me to be rich, they are of no informational value. Just not possible. You’ll see nothing but complaints about this guy on yahoo and the Kiyosaki adherents with blogs usually have a net worth equal to that a of fourth grader’s toy fund. Rich people make money work for them. > book has no doubt created In the 1993 edition: I think this is a fair assessment of the book. Rich Dad Poor Dad has sold over 32 million copies in more than 51 languages across more than 109 countries, been on the New York Times bestsellers list for over six years, launched a series of books and related products; and received positive reviews from some critics. Conveniently left out are little details like taxes that he is so quick to talk about as drawbacks of being an employee. However, as you mention, they do change your mindset about money, and they give general yet good advise. Man, there are some really great points, like how rich people make money work for them and how everyone else works for money. Also, if you already read Rich Dad Poor Dad, I would be glad to hear your point of view. What if, by selling and moving to a smaller and less expensive home, you freed up $400 every month? Several of you made it very obvious of which mentality you hold; considering you are disappointed that Robert’s books and/or his training doesn’t tell you how to connect the dots or provide step by step instructions on how to get where he is now. It doesn’t overwhelm people with technical jargon. I think you created a perfect summation of what the book is supposed to do. Whether or not you agree with him, it’s worth examining your current housing situation. strengths, and discover how That’s like me telling you I buried $100,000 in your backyard which is yours for the taking. You can not just sit at home and expect things to happen or wait for money to fall on your lap. As the books mention, there is deal everywhere, money everywhere it’s up to you to acquire the education and mindset to make it applicable. Regarding the STEVEN EDWARDS instructor, he knows his stuff but he is not very approachable, and since he worked for A,. Beginnings. Rich Dad Poor Dad PDF ebook, What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not By Robert T. Kiyosaki.. Rich Dad Poor Dad Book Review – L Review. What I see him doing is using this book as an advertisement for his many tools of income: Books, Internet, and Real Estate. So if you’re looking for help in teaching your kids about money, I would pass on “Rich Dad Poor Dad.” There are more suitable books for you. Good review, relates with my thots on this book. Ive read RDPD and found that even though Kiyosaki didnt offer up any step by steps to actually becoming rich he did give some good motivators and insights into how people think about money. Open up your mind, absorb the information, and think your way through it. I agree with the above posters, in that if you’re looking for ‘how to get rich’ instructions, you won’t find specific step by step instructions in these books. I decided to start reviewing some books that I read, and the first one up is Rich Dad, Poor Dad. Ramit, good review, it echoes my own thoughts on this book. The secret to getting rich is to buy those things that “put money in your pocket” and to avoid buying those things that are like holes in your pocket. This was the code of war we were taught as military officers.”. Basically this book is for those who never earned a single peny and waiting for a shortcut to earn. I agree that Kiyosaki is a good motivator and can get people to think about money in ways that they haven’t before.