The essence of each character is: Poor dad believed in the traditional principles of working hard, saving money, and not buying material things that one cannot afford.
And Kiyosaki likes to say things over and over… and over. There are two basic themes that I got out of the book, after wading through the hokey stories: Assets, such as real estate especially real estatestocks, and bonds, make you money.
Liabilities, such as your house, car, gadgets, take away your money. This is probably the one thing to get out of this book, perhaps minus the real estate focus. He includes very many vague stories about buying real estate properties for cheap with little or no money down and flipping them for great profits.
Or investing in start-ups with great results. Many of these stories have been investigated with little proof found to support them. Overall, I see the book is more of an inspirational book on entrepreneurialism is that a word?
Basically, try to think outside the box, and invest your money in something that grow instead of letting it sit in a bank account or spending it on that nice car. He just makes it sound way too easy to become a millionaire, just like any infomercial you see at 2am in the morning.Good book review!
I imagine you and Ramit will appeal to different audiences at least initially. For some people, Ramit will grab their attention & help them make some significant progress financially and then after they’ve grown accustomed to their new financial lifestyle, may be . The ideas presented in Rich Dad, Poor Dad aren’t particularly profound or fancy, but the concepts were entirely new to me.
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. Jun 25, · However, he is well known for the book “Rich Dad Poor Dad” which is the #1 personal finance book of all time. Robert Kiyosaki strongly believes that each one of us has the power to change our financial lives and live a rich life that we desire.
The ideas presented in Rich Dad, Poor Dad aren’t particularly profound or fancy, but the concepts were entirely new to me.
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. Rich Dad, Poor Dad is an absolute juggernaut of a book–it’s been on the bestseller lists for as long as I remember.
I re-read this book yesterday. Man, there are some really great points, like how rich people make money work for them and how everyone else works for money. May 08, · 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.
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.5/5(3).