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."
"I like this book, because it helped me understand that a home doesn't have to be a burden. If you buy smart, you will be able to sell or rent it when it is time for you to make a change."
"Second book on money I ever read. First by my own choice from the library."
"Creates interest in passive income, helps readers learn more about taxes, and a very simple read!"
"I read this book in one sitting.It’s relatively short but very inspirational. Most of the story is about Robert learning from his “rich dad” about how to make money — and seeing how his “poor dad” made huge financial mistakes."
"Much the same as it did for many others, this book got me to thinking differently about how to invest my money. With that shift in mindset, I began a journey towards early financial independence, and began a new business to help people do the same."
"Love the money concepts. Outside of the box for many."
"While it used to look like a fluffy not-worth-my-time kinda book, once I started reading it, I was hooked. Kiyosaki does a great job in differentiating between the two mindsets. This is one book which has really made me determined to have a business of my own rather than live paycheck-to-paycheck."
"It teaches the wisdom of Wealth vs Money"
"This book changed my perspective on money and finance!"
"What's an asset and what is a liability? This advice alone is worth the buy. Great book to change the mindset when it comes to money. Especially covers things like creating money and not just saving it."
"His message is spot on even though the actions are harder to do."
"It's one book that shook all my concepts from top to bottom on assets and liabilities. This book made me realize that their are very different worlds within this world, working on same concepts but in very different ways."
"He really puts it into perspective regarding financial wealth. You do not need to be embarrassed on your small home or old car because it is your net worth that matters!!! I am downsizing to a 1300 sq ft home and I drive a paid for 2006 Honda Civic. Look at my net worth though!"
"I've read the book 2 times. The story of Robert and Mike as boys and the trials they go through learning from the rich dad are fun and interesting. The author mentions a lot of stories and examples, which help to illustrate the learnings. The most valuable thing I’ve attained is a different perspective about how to attain money 1) making money work for me as opposed to working for money, 2) building my assets and reducing my liabilities (using the definitions he describes of assets as putting money in your pocket vs. liabilities as taking money out of your pocket) etc. This book has made me think differently. New perspectives are always useful to have in your toolbox."
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