Rich Dad Poor Dad:
What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

By: Robert T. Kiyosaki | Categories: Mindset, Money Management
Kiyosaki's somewhat controversial book is still relevant two decades after publication. Via this fictional story of a boy who receives advice from two "dads", the author conveys important lessons about what actions build wealth over time. That, along with Kiyosaki's focus on creating and maintaining a personal balance sheet, make this book unique. Definitely a worthwhile read.
Recommended by the following bloggers:

What Bloggers Are Saying...

"1. It is easy to read and understand. 2. It challenges my previously held beliefs about money and assets 3. It also excellently embraces the use of story telling to get it's message across"
"This is a staple among finance enthusiast. I don't think it's the finance bible some believe it to be, but if you're going to get into the finance community. Everyone talks about it, so you might as well pick up a copy. =)"
"For someone who knows nothing about finance, it's a great starting point. It was the book that opened my eyes to the concept of working for dollars versus making your dollars work for you. Before reading this book I had no idea about any of these concepts because I never learned them from school or parents."
"Haven't read this book yet (it's on my list for this weekend!) but I've heard amazing things about this week. I can totally see how upbringing is so critical to your money mindset, and that rich parents can breed rich kids much more easily than poor parents can."
"It was my first introduction on how to approach money. You never forget your first..."
"It is a great way to think differently. It wasn't my favorite but right out of college it helped me think about jobs/employers in a different light."
"While debt is no issue for Robert Kiyosaki (which I don't agree with), he gives a ton of great points on starting your own business and investing, and how one can create a passive income out of almost anything."
"I like this one for one core reason - diving into what's an asset and what's a liability. Before this, I thought about my house as an asset, but it's really a liability for most of its life."
"I think that this was the first book that really clicked with me on the importance of cash flow and passive income. It is stupidly simplistic and repetitive but calls out the difference in being your own boss, owning a business, versus being in a W-2 position. It just opened my eyes."
"It has changed my perspective about money. I was believing that money is a scare commodity, but this book has changed my perception. How to invest in different avenues like stocks, real estate, bonds etc is what i learned from the book."
"It fundamentally changes the way you think about money and work."
"It made me realize that financial smarts are mutually exclusive from intellectual horsepower. It's really common sense. That said I wouldn't necessarily endorse all of Robert K's ideas..."
"It's engaging and reads like a page turning fiction novel which I have a personal affinity for. It also pretty much explains the thought process you need to adapt if you want to build wealth, which I also have an affinity for."
"I learned I don't have to follow in my parents' poor money footsteps and I could actually learn and better my finances."
"A good combination of story telling and straightforward wisdom. Having the contrast of two dads was a brilliant concept."
"This book gave me a new perspective on how money flows that I had never known before. It helped me look at money in a new light and the way to make it work for me rather than always chasing it. Since reading it, my entire philosophy on money, life and goals have completely changed. Also, dreams that I thought could not be achievable are within reach."
"I wouldn't say love... I know there is a lot of controversy on this one - but this was the first book I read and I connected to some key points made.Being rich means no worries about money - not just spending like crazy and having expensive things.Buy things that generate revenue - they are the real assets - not your truck. There are other parts of the book I hated - but what stuck, really was meaningful to me."
"Yes it's become a bit cliche, but still a good starter book for the uninitiated"
"I read it as a tiny child and it's stuck with me. Buy assets, not liabilities."
"Rich dad, poor dad is not a how to book. The book let's you think and rethink. You need to have the right mindset to have healthy finances or to gain more financial freedom. A lot of readers of this book think Robert Kiosaki is a quack and this book doesn't make sense. If you can't keep an open mind and think for yourself, you will never get ahead."
"This book made money sound interesting. While I don't agree with everything in it, the book opens your eyes to thinking big about money."
"I like it because it's about mindset. Mindset is the most important thing that needs to be changed before being able to achieve financial independence."
"It was one of the first financial books I read, and it really got my mind working and wheels turning about improving my finances and creating passive income. It helped me shift my thought process about money and what is truly an asset."
"Simple, direct and easy to follow"
"Very good read for anyone getting started. Teaches you to avoid living paycheck to paycheck by building assets."
"This book is a great write up that compares to fathers (rich and poor) and their approaches to financial success. It's a great book because it compares what you get by going with the flow instead of creating your opportunity for success."
"It strongly delivers the point that you need assets that make you money on their own to be wealthy."
"Great read"
"As much as people debate whether this story has any shred of truth to it, the fundamental lesson of learning to generate passive income is timeless."
"Kiyosaki is another controversial person but behind the hype, this book also covers many important principles about the rich mindset."

Why bloggers think this book is overrated...

"read it. you'll figure it out."
"I'm a math person. RDPD just didn't cut it for me. Too much anecdote and storytelling. Too many factual errors and poor assumptions. Feels like a lot of embellishment. It's a great feel good / self help book, but I would never use it to teach anything investment related."
"I like it, but don't agree with some of his views of debt leverage."
"Although good for beginnerĀ“s I do not like Kiyosaki s style and lack of thorough explanations. It s too vague and superficial"
"Kiyosaki gives dangerous advice. The running theme in the book is that you'll never get rich working for somebody. That's complete bullcrap!"
"Honestly, I wasn't impressed with this book the first time I read it. I thought the first few chapters read like a poorly written story, almost mockingly. I'm reading it again currently and hope that I will have a different perspective on it now."
"Everyone seems to mention this book, and while I understand some of the concepts are good, the book has never really resonated for me. That and some of Kiyosaki's business dealings/conferences/etc have soured me on him."
"I feel like anyone interested in real estate has read this book and gotten super hyped about never getting hurt in dirt. Except when they do in 2007-2009 and massive foreclosures happen. I feel like there are definitely much better real estate books out there."
"It's written by a charlatan and gives little to no practical advice. It's merely a series of anecdotes that inspire action, but offers little concrete actionable actions."
"feels like scheme marketing. Although, it is the first finance book I ever read."
"I don't believe the way to wealth for most people should be through real estate. So I don't prefer what's recommended here. Long term wealth is built on low cost investing, saving and living frugally as well as starting a sensible business if you can."
"This is the first PF book I ever read. It does a good job of emphasizing passive income. Otherwise, the rest of it isn't always the most well-received financial advice."
"I like the booked but was floored when I found out it was largely constructed. That and the that the dude is always holding seminars in my town. If he is so well off why is he still charging money to be rich like him? Something doesn't make sense here...."
"Even though there are some gems, I just don't think it's that great."
"I felt like Your Money or Your Life did a better job with helping shift how I view money while giving solid and actionable advice."
"This book may encourage you to finally do something. But, the truth is this book has a lot of words but doesn't say anything."
"I read the book as a kid and as an adult. I didn't get anything from the book either time. It's not a book that I'd suggest anyone read if they actually want to learn something."
"I find the book to make sweeping generalizations, understate risks, and be light on actionable advice. If I want a book to motivate someone to change their spending/investing habits to build wealth, I recommend any of the books above instead."
"Maybe it's a pet peeve of mine but I happen to think that Rich Dad is made up (even though someone came forward claiming to be the son of Rich Dad). I also don't like how Kiyosaki portrays his real dad as a loser."
"Perhaps it focuses too much on real estate and business"
"I see this book everywhere in the pf blogosphere, but the book in my eyes is a scary mix of motivational speaker jargon and bad real estate advice. I do not know why people recommend this book so much--particularly when so many parts have been proven to be fabricated."
"those just feel scammy to me"
"Some of the concepts of the book are good, but honestly it is more sizzle than meat."
"Doesn't give any real practical advice and doesn't connect with the average Joe down the street."
"To think again I think it is oversimplifying some things"
"I jumped on the bandwagon and read this book right after I graduated college. The book has interesting stories, but I think as a whole, it comes across as exaggerated and corny. The author is also pretty pleased with himself and all his money. I'll save you $15, the gist of the book is that assets are better than liabilities."
"The author is a scam artist."
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