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Rich Dad, Poor Dad:
What the Rich Teach Their Kids about Money
That the Poor and Middle Class Do Not!
by Robert T. Kiyosaki
Our Price: £6.18
Personal finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated, but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book is nonetheless a compelling advocate for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how the former might be acquired so that the latter eventually can be shed. --Howard Rothman, Amazon.com
What can I say? At 22 I was looking forward to 43 years of working for someone else. Not any more. Everything he will tell you makes sense, from the principles of cash flow to the fears of failure that hold us all back. Robert explains in this classic and extremely readable text why you will never be rich as an employee. He also tells you how most of us never go through the looking glass to see what the rich do.There are no magic formula's in this book and no get rich quick schemes, but it shows you the principles and more importantly the attitude that you need to suceed. I was inspired and I have never been the same since. Not just American "can do, get rich" tripe, this is a genuinely insightful book that will change the way you think. A reader from Newport, Newport UK
Quite simply this is the book that changed my life. I read it as part of my new years resolutions in Jan 03. It is now Jan 04 and my life has changed significantly for the better. My wife and I now own a number of investment properties which means that we generate 'passive income' so we work less hard and spend more time with our kids. I was not rich before I read this book (and I'm still not!) but hopefully it won't be long. Chris Davies from Wirral, Merseyside UK
This is a nice read for anyone who hasn't paid much attention to their financial situation. I was one of those people and was advised to read this book. Yes, some may argue that it's a little obvious, and that's just it....it is!! Spend money on assets which will make you an income, then you can use that money to buy luxuries which are liabilities.
The author speaks out quite rightly against the education system for having no teachings on financial know how, probably one of the most important lessons for anyone leaving school to learn, and again it was an obvious point that hadn't registered with me. My advice is to read this book, there will be something it in that will make you go "oh yeah...."
I certainly wish I could have been given this advice 15 years ago as I have implemented a lot of the authors ideas, they make sense, make you money, and are quite simple really! Michael O'Connor from Darlington UK
I first read this book about 3 years ago and it totally blew my mind. As an accountant working in the City of London, I thought I knew the difference between an asset and a liability. Whilst some may criticize Robert for not giving specifics, I believe the book was written as a guide to those truly seeking financial freedom. Together with "The millionaire next door" RDPD helped me get out of debt in less than a year and set me on the road to acquiring assets. Daniel Coker from London.
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