I think this entire series is worthless at best and downright harmful at worst. this book helped me when I was struggling financially. His book is just a guide not an advice on what you will ultimately have to decide FOR YOUR LIFE!! I had never thought that building an asset can put one on his way to become rich. The salesman had said I could access my coach anytime, but that wasnt the case. Motivational though it has vague parts. As you said “If nothing else, that alone is worth the price of the book.”, I attended one of Robert’s talks where he said that 4 assets that can generate wealth and passive income are stocks, real estate, business and commodities (oil wells, farmland etc…). Please try again. If I would have known some of these concepts when I was in high school I would have done things way different. It's a shame there's people out there who scam others. Rich Dad Poor Dad is one of the most popular books & movies of all times. Rich Dad Poor Dad Letter Verdict. After I read it, I come to know that I'm one of the people who struggled much in handling money. I read this book and afterwards took out a loan for a investment of a 30% sleeping partnership for a gym my friend started. For reaching financial success, it’s important that you follow the right guidance of a skilled and successful expert. Looking for more info on Rich Dad Poor Dad? Its tendency to brush over concepts without going into detail subsequently hurts the audience. But after reading this book, I realized that the concept of trading time for money just isn’t the smartest way to go through life. It’s practical. T. Kiyosaki keep writing good books for the community no matter what the people says . It also motivated me not to rely on social security or even medicine for that matter. by David Harris. It's a good book. for people whom are lazy let them be lazy. I agree, it’s all about multiple income streams and I’ve made that a goal of mine as well. However, that doesn’t make it less of a good story or advice. Success! The most popular games, Cash Flow 101 and 202, run dangerously close to oversimplifying wealth building in their effort to entertain customers. As a result of Robert’s work, me and my family have read this book repeatedly, and every time we come away with someone new that we hadn’t seen or didn’t remember. Robert T. Kiyoski An American investor, businessman, self-help author, motivational speaker, financial literacy activist, and occasional financial commentator. It was recommended to me by a friend so naturally, I dove in headfirst. I know I do. If nothing else, that alone is worth the price of the book. Learn how your comment data is processed. When I first discovered Rich Dad, Poor Dad, I was well into the last year of my residency. His main frustration with his critics is that they simply don't get that he wasn't trying to teach people how to be rich. They do not let fear and never-ending analysis paralyze them (Kiyosaki calls this “analysis paralysis”). This book had a clear cut on basic principle of what we need to have in our mindset to succeed . A person commented to go college and learn theory , I would say this book contain all those expensive colleges would offer to a student . Robert has been endorsed by Oprah Winfrey and Donald Trump. A New York Times best seller for over 6 years, versions of the book have been translated into 51 languages and distributed in over 109 countries. Thanks Robert, glad to be on this crusade with you. I've learned so much from this book, especially I'm just a teen who always spend money like any other people. Wondering whether Robert Kiyosaki is the real deal? Kenton Allen, MD and Zwade Marshall, MD, 10 Things That Rich Doctor Across the Hall Isn’t Telling You, http://imeducatingmyself.com/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-not-by-robert-t-kiyosaki-book-review, http://wilfthis.com/money/richdadpoordad/, Diversify Like Crazy for Financial Security, My Favorite Investing, Business, and Finance Books, The Best Sites to Hire a Virtual Assistant, 10 Podcasts Doctors Should Really Be Listening To, If Doctors Chose Their Job Locations Based on State Income Taxes, Advertising & Privacy Policy, Disclosures, Being rich = freedom (As you’ll notice, this is a common theme in my blog), Rich people make money work for them, while most everyone else works for money. As it is, the price is so overblown that there really should be no question as to whether it should work or not. Cashflow Quadrent,and Rich Dads Guide To Investing have helped me to start my own business. I was making about 3800 monthly after taxes where I worked. I read Nicolas Sparks fiction instead but a month ago, a professor told us to read the book and its mandatory. However it tied in with reading lots of ‘we make do farming on 5 acres’ books and researching Kiyosaki’s further work. Rich Dad, Poor Dad was a quick personal finance read and, at many points in the book, I was motivated to change my life. Few realize that it’s their lack of financial education that is the problem.”. (Maybe 10 more years?). If you’re someone who is not making enough and you have struggles on paying everything on time then, I have to say that this book will not help you on creating better income if you don’t have one. Hold on to YOUR money and save it start investing. Rich Dad Poor Dad By Robert Kiyosaki Book Review: Rich Dad Poor Dad is a classic and number 1 best seller personal finance book of all time. But it’s not best suited for everyone – because author is talking about how you can invest on the side if you’re already making good income and want to start saving and investing that money. It has left many people feeling that it provides questionable results. I liked the concept of building assets. If you want to change your life for the better start reading his books today. Never tells you to quit your job. Thank You Robert!!! Thanks! Need not be Harvard, just do the best that you can afford and understand. I honestly think they should be (and easily could be) selling this information for $99 or more, so definitely take advantage of this while the price is so low. It was also probably the first non-medical book I had read since I was introduced to the works of Malcolm Gladwell during medical school. #38: How Our MD / MBAs Helped Us to Create a Lending Business For Doctors feat. On top of that, they wonder why they have money problems. This article is a review of Rich Dad Poor Dad, a best-selling book written by Robert Kiyosaki — a self-made businessman, author, investor, and speaker.. Most successful Men is not a successful Hushband/Father. Today, I’m going to be doing a Rich Dad Poor Dad Review.. Rich Dad Poor Dad is a book written by Robert T. Kiyosaki and published in 1997.. Rich Dad, Poor Dad Review: I did find that this book harped on a little, and that the overall page numbers could have probably been halved with the same message being received. My future is incredibly great due to this book. Now check your email to confirm your subscription. Keep reading below to get all the details on Rich Dad Poor Dad and the man himself Robert Kiyosaki. Rich Dad Poor Dad succeeds as a motivational product yet lacks specific real world financial answers. I am still fighting to get my money back. Highly recommended for anyone at any age. The gym started doing very well and I started making about 3500 average a month from this completely passively and I used all my earnings to pay down my debt. The Author The “Rich Dad Poor Dad” series was written by author Robert T. Kiyosaki, born in Hawaii, a Japanese-American businessman and financial literacy advocate. After all, this was exactly the way I’d thought about getting into the right medical school, the right residency, and the right fellowship (haha). I have to pity those who read Kiyosaki for the first time and quit their jobs to follow his "advice". it was terrible, lies from the beginning. The book has a motivational aspect as well as financial advice and strategies devised by Kiyosaki. It took Andrew Tobias to make me see that the main point is spend less than you earn, way less, and he got me doing the math to sort out savings needed to retire in comfort with no social security income. I’ve read this book last years and I have to say that it does offer so many good, common sense things when it comes creating your financial plans for the future. Too many people have skewed ideas about money, and teaching them how to utilize it is pointless if they don't change the way they think and feel about money. This book is dedicated to all parents e a child’s most important teache 3. Mij lijkt het in verband met de huurwet in België makkelijker en veiliger om aandelen te kopen dan huizen te verhuren, aangezien je bij de aandelenmarkt minder last hebt van eventuele juridische problemen. I couldn’t put it down, and I’m not exaggerating when I say that it completely changed my life. Rich Dad Poor Dad (Book Review) 1. I was disaponted to find out rich dad simply never existed but maybe rich dad is needed to inspire. I happen to live in one of those states. I would say I have a ton of education in the rich dad series and I did feel inspired by it. Retired 4 years ago, husband 6 years ago. Also, if you already read Rich Dad Poor Dad, I would be glad to hear your point of view. Rich Dad, Poor Dad is an extraordinary book, in the literal sense. Rich Dad Poor Dad, is a book by Robert T.Kiyosaki in which he speaks about what he learned from his two dads. This book is really a great help for everyone who Who doesn’t love saving money? In my opinion, it’s one of the best and most genuine contenders on which you can rely on. Before delving into where the book goes off the rails in this Rich Dad Poor Dad review, let’s consider what it gets right. But who knows, that might change. Ik hoor ook vaak dat mensen oneens zijn met de auteur zijn stelling dat uw eigen woning een passivum is, maar waarom zou het een activum zijn ? Robert Kiyosaki – Rich Dad, Poor Dad Book Review One of the best books I've come across on financial education has been Rich Dad, Poor Dad by Robert Kiyosaki . Measure your success with your money. By having two dads, what he means is, one is his biological father who is hardworking and the other one is his friend's father who is a businessman and works smartly. Its success has led Kiyosaki to expand his literary and business career into his own company CASH FLOW Technologies, Inc. Rich Dad Poor Dad was written by Robert to be an all in one guide to wealth. Rich Dad , Poor Dad (Rich Dad #1), Robert T. Kiyosaki, Sharon L. Lechter Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter. It soon seemed to me the way to make a living farming (and maybe also finance) is to write and sell books about it, and K’s further career was convincing others to try for real estate deals a la him and Trump (ok not quite), and any such career would be beyond my likely abilities or interests. This is especially true of how the book taught me to think of money not as an end-goal, but as a tool for wealth creation. I give them all 5 stars. Robert also mentions other books to read. Thanks to him - Mr. Joel Silva. The principles outlined by Kiyosaki may be obvious … Rich Dad, Poor Dad Summary Review in 2020 Read More » © 2020 Reviewopedia. I am completely blown away at the simplicity and the genius that this book contains. The only part of your review I agree with is people shouldn't go out and quit their job. You become wealthy by accumulating assets. You should be able to, but can't. I was 20 years old, newly married with 45k of dumb consumer debt. Rich Dad Poor Dad Review. Up until that point, I had thought that all I needed to do was to find the right job and I’d be set. =). One of the first books related to finance that I read was Rich Dad Poor Dad by Robert Kiyosaki. we still have a long years of living together. You'll love it more that romantic fictions!!! Look up rich dad poor dad scam and you'll see what I'm talking about. But if you want to learn from this book without actually reading it , you can check out my article here – http://wilfthis.com/money/richdadpoordad/. Thank God for google translate! Rich Dad Poor Dad Letter is a legit newsletter. So I’ll always be grateful as well. They go to work, get their paycheck, balance their checkbooks, and that’s it. The only class I took that helped me in real life was accounting. Je bent er toch elke maand geld aan kwijt ? Robert has made a book that took the world by storm! The ideas presented in Rich Dad, Poor Dad aren’t particularly profound or fancy, but the concepts were entirely new to me. The book is mostly oriented toward creating wealth through investing in stocks, bonds, real-estates or any other asset that will “make money work for your” – as the motto of this book is. RICH DAD POOR DAD IS ONE OF THE BOOK HAVE READ VERY GOOD.BUT THE BOOK WILL TEACH SOME PEOPLE HOW TO BECOME SELFISH. 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. Over the next 2 years I purchased 2 ATMs which have been making me between 400 and 1k monthly. I liked what I read and there are many principles in these books that I still find valuable even today. It's missing from our curriculum. !..That's why we need to keep on learning and stop depending from others advice in order to be financially literate and stay at the right side of the Quadrant...No matter what they say, for me, it's one of the best book!!!! Just like in your case, though the book didn’t give concrete action steps, it set me off on a 13 year saga which involved me reading tons of books, attending several different seminars and investing over $5k in my financial education. My goal is to build 1 passive income stream for each of these:). You'll learn the facts as well as the 9 central lessons of this popular financial publication that will enjoy its 23rd Anniversary in 2020. Another scam dialed-in to your wallet, and nothing but hype! Unsubscribe at any time. Which Real Estate Side Hustle is Right for You? The ideas presented in Rich Dad, Poor Dad aren’t particularly profound or fancy, but the concepts were entirely new to me. What Rich Dad Poor Dad Gets Right: 3 Main Lessons. Rich Dad Poor Dad Review. Written by Robert Kiyosaki, a formidable author who gives a solution on how you can increase your wealth. Robert Kiyosaki’s Rich Dad Poor Dad is exactly the kind of personal finance advice you wish you’d been given when you were just starting out in the world.. It’s simple. Let's stop giving money to these people whose only interest is in Getting Your Money. Robert's book is inspirational. If you want to learn money, do yourself a favor and enroll in a local college. Actually I am in the process of starting my own business and I can totally relate to a lot of his experiences. Assets are things that produce cash-flow. One of the main goals of Rich Dad Poor Dad is to help people see the world of finance from the eyes of the rich dad. A Book Review on “Rich Dad Poor Dad” By Robert T. Kiyosaki KRISTOFFERSON C. SOLAMIN PILGRIM CHRISTIAN COLLEGE PROFESSIONAL EDUCATION SEPTEMBER 27, 2015 2. Furthermore Robert Kiyosaki’s company has several board games that they sell which teach business and finance. Rich Dad Poor Dad Letter Review & Final Verdict Honestly, for $19.99 you're getting a WHOLE lot of value here. I strongly recomend reading all the books he has discussed. As to books on personal finance, Dave Ramsey, Suze Ormond and others speak with A LOT more wisdom than Kiyosaki. Will continue volunteering in medicine until I’m (more) certain I’ll never need or want to resume paid doctoring. I read it when I was 13 years old and boy am I glad I did. Today I can say I am grateful it has changed our lives. For example, I just love this quote from the first chapter: “Most people never study the subject [of money]. If you want to learn more about this book you can read review and summary on my blog: Essentially, Rich Dad Poor Dad tackles financial mentalities through two perspectives that Robert saw growing up. I am now at a stage where my investable assets are at a pretty good number for my age (28) and I have a monthly cashflow stream other than my job. Your money should work for you—not the other way around. This site uses Akismet to reduce spam. Do Coupon Sites and Savings Apps Actually Work? Because of mass written publications these days, thousands have attributed their success and financial understanding to this book over and over again. Does Corporate Philanthropy Really Exist? Wealth comes from having enough assets, which generate enough income to cover all of your expenses. Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice. You will get a better education than you ever will in school. That’s actually fine with me. 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 … Since that tender young age, the important of investing and building assets was deeply ingrained in my mind. As a result, I learned so much more than I would have otherwise. Most of the concepts in Rich Dad Poor Dad deal with tax advantaged investment vehicles like asset investment and real estate, ventures that require money to make money. Honestly, it was on my to-read list for the longest time, but I never got to it until more recently. struggles for money.I'ts very inspiring and the story is very interesting!.robert kiyosaki is a great writer.keep up the good work.God bless!. Shoot me an email or leave a comment. Thanks for reading across the ocean! The book is called ‘Rich Dad Poor Dad’ by Robert Kiyosaki, and centres around the author’s experiences of his own father (‘Poor Dad’), a well-educated university professor, versus the experiences of learning from his best friend’s father (‘Rich Dad’), who … Will Compression Clothing Will Make You Thinner and Healthier? We won't send you spam. I've start my first step in investment because of the inspiration of this book . This is just one of the ways they do that. Rich Dad Poor Dad Review. Listen, then do your homework, but DO NOT GIVE THIS GUY A RED CENT until you do your numbers and facts!! To this day it remains one of the best books on money you will ever read. Please read reviews on other sites and you'll see what I mean. Never miss updates, our Quarterly Newsletter, exclusive content and more. Much easier math in my opinion. Instead, Robert tries to change your mindset... mess with your context a little. Rich Dad Poor Dad Review. Rich Dad Poor Dad Review. people are self-fish they don’t take the time to learn, they alway wanted to take the easy way out. So when are you retiring? http://imeducatingmyself.com/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-not-by-robert-t-kiyosaki-book-review, This book can completely change your perspective regarding wealth.The narration is straightforward and enlightening.It fails to provide personal strategies but it will help you understand that its not about how much money you make but how much money you keep. Rich Dad Poor Dad is the first and most popular book written by Robert T Kiyosaki. The Rich Dad Poor Dad book draws out from the financial wisdom that Robert received from his “Rich Dad” and from his “Poor Dad”. Or ho… I listened to a "live" seminar and after 15 min it's another 45-60 min of straight sales pitch to buy their program. Have you read this book yourself? Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. There was an error submitting your subscription. As such, I have compiled my favorite quotes from the book. For that I am quite grateful. After I finished Rich Dad, I did a Google search on “Robert Kiyosaki” to find what else my new hero has to say and found this interesting article: John T. Reed’s analysis of Robert T. Kiyosaki’s book Rich Dad Poor Dad.Although I didn’t like the tone that got a little too personal at times, I felt John’s analysis was comprehensive, and my perspective was more balanced afterward. That way, there is enough left over to invest in more assets. What separates those that are successful from those that are not is that the successful people take that inspiration—and then they act on it. Absolute crap! Save my name, email, and website in this browser for the next time I comment. I felt a little heartbroken when I found out that most of the story is made up and that there’s so much criticism around Robert and the book. There was also some chapters which I didn’t really enjoy reading however the overall messages of the book far surpass the books negatives. However, most of the benefit of the book was found in principles and quotes as opposed to techniques I can easily start applying. But again, that's not what says...ever, in any of his books. You cannot get any decent financial education from high school or community college. The book has a motivational aspect as well as financial advice and strategies devised by Kiyosaki. I’ve actually never thought of how it is in other countries because I haven’t considered investing overseas. I’d love to hear what your thought of it! Do your research and find out about the company behind the Rich Dad Education, in fact find out the truth about ALL of the "education systems" out there that claim to teach you anything. Mid/early 50s now. All other criticizers are criticizing him to gain popularity , what a pathetic scene . Rich Dad Poor Dad by Robert Kiyosaki and found at richdadcoaching.com, is a business coaching & mentoring program. Not sure about the commodities though. How to Start a Blog (A Step By Step Guide), Recommended Turnkey Real Estate Companies, 10 Perfect Passive Income Ideas for Physicians, My Personal Peer to Peer (P2P) Lending Experiment. The author of Rich Dad, Poor Dad, Robert Kiyosaki, believes precisely that. In this post, I summarize and review the bestselling book Rich Dad Poor Dad by Robert Kiyosaki. And, if you want to read more about books, you can take a look at the best personal finance books I have read. In Rich Dad Poor Dad, Robert Kiyosaki gives firsthand personal experiences and explanations of the 6 main lessons he learned from his “Rich Dad” on how to build wealth. RICH DADPOOR DAD by Robert T. Kiyoski 2. Learned a lot. If you are someone who have good monthly income and can save part of your income, than you might find this books very useful. There are also certain states that are more tenant-friendly which makes it a little less desirable to be a landlord. Wow, I wish I had read it a little earlier in life, but hey better late than never. I also had an epiphany reading this book. There are three main points in Rich Dad Poor Dad that are sound financial advice. Rich Dad Poor Dad Review. Rich Dad Poor Dad was written by Robert to be an all in one guide to wealth. I met Robert 6 months after reading Rich Dad Poor Dad for the first time. One through his biological father who was a hard working Superintendent yet had no net worth. I am now 22 years old, I only have 4k of debt left and am making between 8 and 11k a month. It was published on April 8, 1997, and has been translated into 51 languages and sold over 41 million copies worldwide. It also taught me to focus on cash flow – if your cash flow from investments exceeds your monthly expenses, you’re done. Also, if you have more recommendations for books, I would love to hear them! This book awakened in me an almost insatiable appetite for financial books. The other was through his second “Dad”, the father of a close friend, who had money and was constantly making more through successful investments. If you are interested, you can get it from Amazon: Rich Dad Poor Dad. You have entered an incorrect email address! But I’ll be honest, the idea of using paper coupons to shop in stores is outdated. Rich Dad Poor Dad has been successful in helping everyday people establish themselves as entrepreneurs and has given them courage to enter the business world. This book emphasises the importance of passive income and making money work for you instead of you working for money. I never imagined how this book would shape my view on money. First published in 1997, Rich Dad, Poor Dad was written by Robert Kiyosaki and has sold over 32 million copies globally. (And no effort managing properties; all I gotta do is hope the US stock market doesn’t collapse. He compares them to the way his “Poor Dad” viewed money, and how “the old way” of “go to school, get your degree, and find a good job” just won’t suffice for those looking to build wealth. Kiyosaki says that the rich think about money differently than the poor and middle class. Not only is it tough trying to find coupons. Now back to my review: I grew up reading “Rich Dad Poor Dad”, and then “Cash Flow Quadrant” when I was an adult. I have just snatched this book from my friend and i had goosebumps on only reading its "there is a Need". I believe everything starts with inspiration. In this Rich Dad Poor Dad review, we’ll go into the 6 lessons that will help you do just that! I've since become a huge fan of Robert Kiyosaki and have read many of his other books and watched a lot of videos of him. All Rights Reserved. Essentially, Rich Dad Poor Dad tackles financial mentalities through two perspectives that Robert saw growing up. Robert Kiyosaki gives an interesting angle to the concept of rich vs poor debate by introducing the story of a kid who had two fathers — a rich one and a poor one. Main Takeaways in Rich Dad, Poor Dad. Leuk dat je zelf ook al bent begonnen met investeren, ik zou wel opletten met de huizenmarkt hier omdat je in België veel meer rechten hebt als huurder dan in Amerika, wat het verhuren van huizen hier wel eens heel moeilijk kan maken. I read the book a year ago and I loved it. Kiyosaki never told his readers to 'quit work'...read again the CASH FLOW QUADRANT...Can't blame this world we live in---lots of greed and fear!!! However, many people have questioned the validity of his financial advice and its applications in the real world. Introduction. I’ve been taking a closer look at Rich Dad Poor Dad and seeing whether it’s really relevant for 2019 and beyond. Specifically, to not only earn money but to learn how to let money earn for them. Read the book. I cannot fully express how much this book transformed my vision of money and most especially my perception of wealth. The author’s success, achievements, and popularity weren’t as easy as you would think. And work on my book about farming just in case.).

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