[KINDLE] ❂ Rich Dad, Poor Dad By Robert T. Kiyosaki – Tshirtforums.co.uk



10 thoughts on “Rich Dad, Poor Dad

  1. says:

    I bought this book on the recommendation of a client, and from page one I was feeling uncomfortable with it I pushed aside the part of my mind that was shouting This guy is trashing highly educated people and the working poor and I was able to actually become enthusiastic about the message of the book Here is the message of the book, and as far as I can tell, the only thing of value in its pages When you own something, it is either putting money into your pockets, or taking money out of your pockets Owning a business or earning royalties creates income Owning a house and a car incurs expenses Try to own things that put money in your pocket If you rely on earning a wage or salary to put money in your pocket, you will be forever caught up in the vicious cycle of needing money, earning money and spending money There you go That s the big message this book will impart to you, and it will do it slowly and repetitively in the first three chapters, leaving the remainder of the book for the author to drone on and on about how turned 60,000 into 80,000 without ever going into specifics Early in the book the author lists royalties as a form of income Later in the book he disparages a young writer who laments that she hasn t been discovered yet He tells her to take courses in marketing, which horrifies her as it would me He goes on to explain that his best selling books are best sellers because he knows how to market them I then saw the 10 I dropped on this book as just another dollar in his pocket He writes about 200 pages of repetitive, non specific advice with only one interesting message see above , and people line up to throw money at him because of a compelling title and a tough love story Towards the end, I felt embarassed to be seen with this book in public, just like I d feel for responding to a get rich quick spam mail.


  2. says:

    This book may do a good job of getting you excited about your financial future but the false information it teaches negates any benefits.I believe this book does a disservice to the public I suspect it was written to appeal to those who are failing in the world s conventional definition of success Didn t go to college Can t hold down a stable job Good for you You haven t fallen for that waste of time and stupid rat race like all those other suckers Saying that higher education isn t worthwhile is misleading I agree it isn t essential and possibly not even helpful in rare circumstances , but the high correlation in the general public between education and wealth cannot be ignored.He also gives poor advice in finances and investing For example, not adhering to diversification Or getting out of a stable job a.k.a rat race where even if you win you re still a rat The author praises learning correct accounting but then proceeds to butcher even the most fundamentals For example, his first rule is You must know the difference between an asset and a liability but then he proceeds to claim that your home is a liability, not an asset Completely backwards Any accountant will tell you so.The book is full of exaggerated and sometimes completely false anecdotes for example, it appears the entire premise of the book is false there never was a rich dad and Robert wasn t wealthy until he embraced MLM and started selling get rich books.If you just want some motivation, please try another book such as The Millionaire Next Door If you want sound personal financial advice, please read The Only Investment Guide You ll Ever Need See for an in depth critique of Kiyosaki and charts showing the correlation between education and wealth.


  3. says:

    This book is not just about money 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 It is an attempt to reprogram minds to look at why we do what we do. why do we buy all these shoes, clothes, cars, jewelry. have we earned it or are we just trying to maintain an image To me the most important thing it teaches is that being educated is the key. educated in our motives, in money, in the world around us. educated does not always mean a degree lessons can be learned anywhere at anytime. The book is great for people like me who think in pictures and in theory He explains his financial theories clearly and adds diagrams to explain how money flows into and out of our wallets I have read other financial self help books and they were too detailed, too do thisdo that For me that didn t help or motivate me because, I don t do anything unless I want to do it Other books never really gave me the why They told me what I needed to correct. but if I don t see anything wrong in what I am doing. why should I take steps to correct it This book broke down to me the whys And now I am ready for action.


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  5. says:

    I read this book while in an Entrepreneur phase On one hand, it is rather inspiring, in a John Madden sort of way You see, John Madden American football broadcaster always makes everything sound easy, which may be how he coached the Raiders to the superbowl He ll say something like now what they need to do here is score a touchdown I think that if they can do that, they will turn this game around I still recall a memorable game where a quarterback s contact fell out, and while he and the refs looked for it, Madden said now here s a guy who when he wears glasses, he can see better When it s explained in such a simple way, it really seems like the easiest thing in the world Unfortunately, one must remember that the 6 5 defensive line is not just going to roll over and say uncle.Real estate isn t any easier There s always some conflict around the corner to trip you up and send you back to square one or often, square negative one So, while this book gives you such excellent advice as learn from failure , make profitable deals , and work hard for yourself , it doesn t actually give you a system or method to make money.This seems a strange irony to me, as this book is clearly marketed to people who are not smart enough to realize that they should work hard and not give up if they want to succeed, but who are smart enough to be able to figure all the rest of the logistics out by themselves.Now, there are supplementary books that give a lot in depth information, but they still tend to fall into similar traps It seems to me that you are either the self motivated entrepreneur type, or you aren t, and that difference will show itself often and early in life The self made may use this book, but to continue projects they are already working on, not to start their dream business from scratch.There is another option for the marketability of this book, but it is not one I like to think about depressed people who feel their lives going nowhere trying to stave off depression by clinging to untenable dreams For these types, self help and new age books act like a surrogate or additional religion bolstering their self esteem and making them feel as if their dreams are truly within reach.Then, years go by and the dream draws no nearer They get depressed So they whip out this book or another one like it and suddenly feel like their millionaire retirement is only 6 months away This makes them feel self satisfied and complacent, so they end up doing nothing until suddenly, months later, they realize they re no closer to their goal I m not saying people shouldn t have dreams, and I m definitely not saying not to follow them, and I know people get attached to their denial, but it s not going to make your life any better.More than anything, this book is a symptom of the cult of the real estate bubble, for whom property was never a bad investment it would never go down and rates would always get and favorable To say that their view was naively rosy would be kind.One day, so the story goes, Joseph P Kennedy was getting a shoe shine when the shine boy started talking about what stocks were good to invest in This is what we call market saturation when one area of business becomes popular, and suddenly, it seems like everyone is joining in Kennedy got out before the crash of 29, and an intelligent investor, seeing how many books and reality shows there were about flipping houses, should have seen the real estate crash coming.Unfortunately, the fiscal prophets of the self help section were unable to predict the coming apocalypse so it s lucky for them that their money was tied up in book sales and speaking engagements rather than in the real estate deals they were pushing on others I d like to think that these sales would drop off after the miracle of real estate turned out to be another hollow investment bubble, but in these dire times, people are even desperate to find the path to economic stability.Now, I know that most people who don t say peddle , don t say peddle market these self help or new age products are not usually scam artists Most of them believe in what they do they believe that they are helping people and I hope sometimes they do However, there is a difference between being a doctor and telling someone they have cancer to help them move on, and lying that there is no cancer because it seems kind or uplifting The latter, is, of course, morally reprehensible said the atheist.Kiyosaki has built an empire off of this book, and made himself a pretty penny He has also been investigated by some critics who have challenged his assertions about his wealth, real estate successes, and the very premise of the book There is no evidence that his rich dad ever actually existed, and Kiyosaki has said in interviews that the character is, at best, a combination of people However, at other times he has stated that he definitely does exist And that doesn t even go into his support of con artist Casey Serin.Maybe I m wrong, maybe you will buy this book and it will turn your life around, maybe Kiyosaki is relating a true story of struggle and inspiration but maybe not, maybe it will just be another 5 in his pocket and less room on your bookshelf for real economic and legal texts.


  6. says:

    This book has a picture of the author on the cover I should ve considered myself warned But here s the thing I m 28 years old, married with no kids, spent the better part of the last 10 years at uni and I work full time 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 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 Also, I have this thing where I through phases of obsessively reading and learning about new things A few months ago, it was fish and aquariums I m not kidding Now, it s learning about. finance I actually can t believe I m writing this, but I am.Rich Dad Poor Dad is a book that both taught me some things, and made my blood boil It borders on negligent in many areas, and is downright offensive in the guise of being helpful I absolutely agree with one of the premises, that many people are financially illiterate I also agree that many people aren t able to teach their kids money stuff, because they don t know that much themselves This book made me think about what I m doing with my money and gave me some insight into the kind of things I am now going to look into and research But it also scared me This book is a libertarian s wet dream that was written to be a bestseller He won, I guess.It s terribly written it really is abysmal This book bats you over the head with a few ideas one of which is that The Poor should just stop being so poor through numerous conversations with his Rich Dad who is supposedly the father of his friend It s horrendous dialogue it actually. I just can t It s horrible It talks about his father the Poor Dad who is university educated and hard working, but supposedly foolishly believes that getting an education and then a secure job is a waste of time Education what a joke, right What a waste of time and money, that could otherwise be spent on high risk ventures that will always make you millions That can be further invested to make billions Rich Dad, however, never finished high school, and owns numerous companies that employ The Poor read stupid idiots who work for him, because they re The Poor Rich Dad teaches us how The Rich do things, and why that s all we need to do to join their ranks.The thing is, not everybody is afforded the same opportunities, and the point about high risk, is that risks are high Sometimes it all comes crashing down The world is not comprised of the rich , the middle class and the poor and even if you look at it that way, it is a dangerous and derogatory to consider that people are poor because they don t make their money work for them Because they re losers I shit you not who are too scared to take a risk It is fervently anti intellectual It totally disregards that not everybody has the capacity or opportunity to pay themselves first before paying bills, or quit their job to make money work for them Money doesn t just come to you if you try hard enough Sometimes you need to actually pay your bills because there are real life consequences to failing to do so Like, your utilities being disconnected Your credit rating being destroyed In my view, and in reality, not everybody can be an employer Employers need employees There is actual intrinsic value to things other than being an employer, running a company, and making money Things like, helping people, making things, research, writing, hell even working I find it scary, that people would pick this book up, be motivated by it because if nothing else, it s motivating Because everyone can be The Rich and be lulled into a false sense of entitlement, purpose and safety by its messages I imagine that in person, Kiyosaki is a cult leader type person As I mentioned, I m not well versed in financial or economic things but I can smell bullshit and see when inconvenient facts or complications are glossed over This one is getting filed in the bin, and I m going to continue my learning elsewhere


  7. says:

    Rich Dad , Poor Dad, Robert T Kiyosaki, Sharon L LechterRich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter It advocates the importance of financial literacy financial education , financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one s financial intelligence financial IQ to improve one s business and financial aptitude Rich Dad Poor Dad is written in the style of a set of parables, ostensibly based on Kiyosaki s life 2011 1385 270 9646617751 1386 1387 1388 9789646617759 1389 1392 1393 21


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  9. says:

    Read this one in 2004, but maybe I read an earlier editionI think I rated this one 5stars I have to review my journals, it s been too long, I can t remember what I ve written I ll be back with this one


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