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enlarge | Authors: Robert T. Kiyosaki, Sharon L. Lechter Publisher: Little, Brown Category: Book
Buy New: $19.98
New (2) from $19.98
Avg. Customer Rating: 2173 reviews Sales Rank: 788097
Media: Paperback Pages: 207 Shipping Weight (lbs): 0.6
ISBN: 0316857750 EAN: 9780316857758 ASIN: 0316857750
Publication Date: October 19, 2000 Availability: Usually ships in 1-2 business days Condition: brand new
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| Customer Reviews:
Two sides.. July 30, 2008 0 out of 1 found this review helpful
This book is really good at showing how "rich" people think compared to "poor & middle-class" people.
Real Estate isn't an investment forever July 30, 2008 2 out of 2 found this review helpful
With the fertility rate (birthrate) declining all over the world, including the United States, it doesn't take a genius to understand that house prices only go up when the population is increasing. When it is stable or declining, prices will stagnate or decline, and the easy money will be gone.
With our open border with Mexico, we depend upon millions to come to the US legally and illegally. If that ever stopped, you'd see the demand for housing dry up in a hurry.
The best investment is an investment in YOU. Education, education, education. That will matter the most in the long run. As they say, if you want to be rich, become a doctor.
I've skimmed the book and agree that it isn't worth the purchase price. Save your money for real books on personal finance, not this book.
Reality Check July 29, 2008 1 out of 1 found this review helpful
If you want a reality check on money, Rich Dad Poor Dad will deliver. In America, we have developed the idea that an education is all you need. Granted, an education is a wonderful investment - but many of America's most successful business people don't hold a college degree. So what's the differentiator? Mindset. How you think about money, your rules for giving, your definition of an asset and liability - all these elements are challenged and addressed in Kiyosaki's book.
Rich Dad Poor Dad is also critical for any parent wanting to set their child up for a stronger financial future. As Kiyosaki points out, our school system doesn't cut it. Our children need solid monetary teachings to propel them.
You want out of the lower and middle-class? This book may very well be your first step.
Simplistic and lacking in real get rich methods July 27, 2008 3 out of 3 found this review helpful
This book is very simplistic. It would be like getting a book on how to become a brain surgeon that tells you to go to college and major in pre-med then go to medical school and then specialize in surgery.
It is not offensive but it is too lacking in real information to be helpful. There are no secrets methods to get rich in this book. I doubt that rich people are reading books on how to get rich. I think they are busy doing what it takes to get rich.
Thinly Veiled Contempt for the Poor July 26, 2008 5 out of 5 found this review helpful
Having slogged through this book, I feel I must submit a review to counter all of the breathless fanatacism. I found this book, not through being on the Best Seller list, but through a libary search for books to teach financial literacy to kids.
I am sure that with more than 2000 previous reviews, I can't say much that hasn't already been posted. But I'll add to the voices encouraging anyone who finds himself enchanted by this book to do a little research on the author. It took me very little time surfing the internet to learn that the book is not a "true story" and that the author's credentials as a real estate investor as suspect. These two things alone undermine the credibility of the advice contained herein.
I will admit that the book does use plain language to explain a few basic financial concepts that many readers will be seeing for the first time. In fact, I am sure that the Best Seller status of this book is due to so many people reading a self-help book on money for the first (and likely the only) time. It is even possible that this book has caused many people to examine their spending habits a bit, so I won't begrudge that. But no one is going to become a real estate tycoon from reading this book because the author is incredibly vague about the specifics of wealth building and gives almost no information about other kinds of investments. He brags about being very lucky, but like all anecdotal stories of wealth building, it shows only one winner. There is no perspective on how many people end up losers doing the same things.
What really bothers me about this book is that the anti-intellectual tone will draw people in to the author's personality cult. Once enchanted, the reader will be tempted to go along with the idea that poor wage earners deserve their lot in life and can be unapologetically exploited by "smarter" people following the author's approach. What, I wonder, does Kiyosaki think would happen if everyone tried to get out of the "Rat Race" as a result of his vision? Don't the rich owe any kind of gratitude to the people who make their lifestyles possible?
I'm afraid this entire book comes off as a big rationalization for being (and wanting to be) rich, no matter who gets hurt. If you are willing to pay this man for his business advice (and products....sheesh!), then I'm afraid you are willingly becoming just another step on the ladder he is climbing. After all people wanting to get rich are okay to exploit, right?
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