Rich dad, poor dad

what the rich teach their kids about money-- that the poor and middle class do not

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Robert T. Kiyosaki: Rich dad, poor dad (2011, Plata Pub.)

183 pages

English language

Published Aug. 1, 2011 by Plata Pub..

ISBN:
978-1-61268-000-2
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OCLC Number:
929589683

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Taking to heart the message that the poor and middle class work for money, but the rich have money work for them, the author lays out a financial philosophy based on the principle that income-generating assets always provide healthier bottom-line results.

53 editions

reviewed Rich Dad Poor Dad by Robert T. Kiyosaki (Rich Dad)

It gave me nightmares about mutal funds.

I certainly didn't like it as much this time as when I listened to the abridged version a decade ago. I suspect that has more to do with where I am than anything else. According to Kiyosaki it would be because I'm more stuck in the Rat Race now than I was then, even though I'm making 50% more active income now than i was then. I still have 0 passive income. He says I need to invest in real estate, but I now feel like landlords are the devil. He also says I can't say anything bad about his recommendations if I haven't tried them, so there's that.

Regardless I recommend Dave Ramsey over Kyosaki, even though I've never got passed baby step 3 because of the American Health Care system. You need to be to at least baby step 4 before you even consider Rich Dad, Poor …

Subjects

  • Personal Finance
  • Investments