What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

This books first half with his perception of when he was a child growing up was just wonderful. It was not pretentious or brow beating or " I can do it so can you" in it's presentation. It was a lesson being taught through the eyes of himself as a kid growing up. It felt genuine and not overly contrived. It made understanding that mindset easy to comprehend and grasp. It is so far the best and most reader friendly type of book so far in this genre. Which makes sense because most personal motivators and life changers out there read this book before or during their process. I think it is the first book anyone should read to change their mindset about money and the money trap. It will hook you.

Here's the thing. You may learn something from this book if you have never spent much time learning about personal finance and investments. There's no problem with that but the reality is, is that this book and all the follow-on books are on some levels are just generic advice. So far as anyone can tell, he made his money from these books and the subsequent Cashflow Technologies Scam Company. I actually just returned from a meeting with a nice couple who were trying to "bring me into this circle" and as soon as they mentioned Robert Kiyosaki I knew exactly which scam this was. It was only because of this meeting I felt so inspired to come here and write this review after reading the book a few years ago. I felt it to be my responsibility to help lower the review on this book so maybe less people would fall into this trap in the future. If you really want to learn there is a great myriad of resources online that are both more accurate, more definite, and better qualified to give financial advice than this book.

I just got done reading Rich Dad, Poor Dad -- and I was very excited to read the new perspectives that Kiyosaki brings to the table. I've read just about every success book out there, and I'm not really looking for someone to tell me exactly what to do (Like how Tony Robbins tells you to eat only fruit until 1pm every day! haha)... So I was refreshed by the concepts he offers. Especially the concept of seperating your assets from your liabilities, and recognizing liabilities that you may think are assets. I look forward to reading more of his info, and maybe seeing him in a seminar in the future.
As with all success books, however, the author is not god -- and yes it is probably true that there is no "Rich Dad", and that Kiyosaki made his millions from selling these books and nothing else. That's ok with me, but I just wanted to point that out to others who might read and then take everything he gives you at face value, instead of thinking about it more deeply.

A great book for the average person to better understand the mindset of the wealthy and how to rethink about the way you earn a living so that you can be financially successful in your life. Many of us today unfortunately are caught in this rat race of employment but we don't realize because we were not taught otherwise as children in how to be financially intelligent. This book opened my eyes to realize that there are other ways of earning money besides what I went to school for (engineering) and how to be financially successful.

The advice in the book seemed very general; save money, create assests, avoid overspending, etc. There were few specific lines of advice, but perhaps that wasn't the intent of the book. I kept waiting for the author to start explaining real ways to start investing, etc. He gave no starting points for someone actually looking to change their financial path. Either need to be rich already or be really young.

The author also portrays his education-career "poor dad" in a very weak light. Mainly because he's a school teacher and seems family and people centered. Of course, I'd like to be a millionaire, but not at the cost of kindness, my family, and the use of intimidation. The "rich dad" seemed very jerkish.

On the other hand, the book is quite inspirational and does a good job of getting the blood moving. It creates a good picture for someone to realize what financial traps they often set for themselves and what their potential could be.

This book presents great lessons for taking charge of your financial future. It discusses methods and prospective widely used by the wealthy but can be applied by anyone. The wealthy are wealthy for a reason. It is not luck it's usually not inheritance. Even multi generational wealth requires skill and knowledge to keep it growing. Otherwise, like many family fortunes, it would simply be lost and squandered. A fantastic book.

The author passes on some good basic financial common sense, but falls apart in many other areas. He advocates insider trading, suggests that rich people can treat others rudely, and gives very risky real estate advice. This book is a worthwhile read to get the common person thinking about ways to stop being an employee. It effectively demonstrates how being in business for yourself can be more profitable that working for someone else. If he stopped there, this would be 5 star review. However, the business advice he offers is so off base that it drags the quality material down with it. This is a good read only if a person is able to parse between the two messages he provides: one of taking financial control of your life, the other of advising _how_ to do so.

​Finding a good deal, the right business, the right people, the right investors, or whatever is just like dating. You must go to the market and talk to a lot of people, make a lot of offers, counteroffers, negotiate, reject, and accept.

Fantastic book, and has changed my thought process about money. This book held some ground breaking info for me and my finances. I am re-organizing my P&L and balance sheet to increase my assets. A lot of good info here and it was an easy read. definitely worth the read. I also bought a few other books from Kiyosaki after reading this book. In his other books it felt lie a lot of regurgitated info, just communicated differently.

This book has made me think differently about money
I have been in business for quite some years. It's a pity I did not read this book before
I am now retired so now I'll be buying and reading up on investing
Thanks a million for writing these books .

Kiyosaki, as he himself admits, is not a good writer. His book reads more like a sales pitch than a piece of literature, but in a way this is good if you can get past the style. A lot of the ideas were very useful and applicable, though some I found hard to agree with. Definitely recommend reading this book though.

I'd recommend everyone specially young people to read this book as soon as possible.

It's going to change how you look at the money and your work.

It'll encourage you to start thinking how to get more money in a smart way, not just by increase your working hours or find another job with higher salary.

It opens your mind on investing and its importance.

Tapped into knowledge that has always been there, now I know what to do with it.... Knowledge is power. This not a get rich quick scheme, it's solid information that if utilized correctly has the potential to set you free, free from running the art race. I would recommend this book to everyone tired of living paycheck to paycheck. My wife and father will find it just as hard to put down, starting from the first paragraph.

The first chapter captured my attention, but unfortunately, the rest of the book was not as interesting. The biggest take-away for me was thinking about how you can get creative to make the money to afford something you want, instead of simply saying that you can't afford it and living with that. You can afford a lot of things if you work hard and get creative with jobs. However, I wholeheartedly disagree with financing large investment purchases as he suggests, in order to have an income generation stream. If you can't pay for it with cash, you can't afford it.

Excellent, informative, and accessible on a very pertinent subject to most people’s lives: financial intelligence. If only I had come across this book earlier in my life, are my thoughts once I read this book.

Rich dad poor dad teaches core principles needed to increase financial literacy, and in turn, ability to become wealthy. My favorite part about this book is that it doesn't just teach jibberish and leave you excited and clueless, it provides applicable steps and references to expand knowledge on given topics. I've been recommending this book to all my friends stuck in their old mindsets, and feel truly bad for those who choose not to read it!

Okay, so i have no knowledge of investing. This book gave me some thoughts on how i could invest and what skills would be valuable to accomplishing this goal. I liked how it presented the difference between wealth and being rich. My goal is wealth, a.k.a making enough money from my investments so that my home/car payments are paid. If i can do more than that, great. If not? i work and use the excess for myself or invest until it becomes enough to cover those payments.I feel this book as definetly opened my eyes towards investing and therefore would recommend this book to most people i know, because most know absolutely nothing about investing (which is what this book says) and this would at the least help them start on their journey to figuring out how to make their money work for them.

To me, this book is frightening. While many in education and the world encourage finding a secure job and working for money, Kiyosaki invites us to break out of this mindset and set your life up so that money works for you. How? By investing in yourself, pursuing learning rather than money, and by setting up your asset column--money generated from your various types of investments.

My wife, my parents, my friends, they may see breaking free as losing control. But, you've got to face the demons and use the opposition to empower your drive and motives.

Good luck reading!!

This is a great book on basic money-management. I originally read this when I was first getting more involved in managing my finances and I still go back to it every now and then. The anecdotal stories are great ways to put some concepts into perspective and help you manage your own time and money more like a business. Sure, you can spend money on fun, but be sure the experience is worth your time and the loss of funds for other experiences. This is one of those few books that won't get tossed in a donation bin or sold at a garage sale.

Great book and a quick read compared to most investment type books. Love all the knowledge he dropped on the book and the way of thinking he encouraged. Let your money work for you, if only that thought could be passed along in today's US education system.

I would recommend this book to any and everybody, especially to people who are tired of the same old song and dance of living paycheck to paycheck. I just want to say that this book will open your eyes to why things are the way that they are. I will say that you cannont follow everything that was done in this book; for, it was written in 1997. Tax laws have changed a million times, and some other tricks that he used may not fly as it did back then, but there are actually really good tips mentioned in the book that you can start to use now, and it has made a world of differnce in my life. Very good read..

The Classic. It's not revolutionary. Just the basics. Told in a pleasant story way that folks can understand. Worked for me. I have re-read it lately to see if the concepts are still true and if I had forgotten something. Still good. My only complaint is that it is repetitious. I guess most folks need that Gave a copy to all my grandchildren.

Helpful tip on getting passive income streaming.
It was very convincing to me that regular education system doesn't provide financial and how to ge rich
It's worth reading for anyone who is imagining to be a rich man having a passive income streaming without regular job
"Don't work for the money but have money work for you" is impressive comment
But keep in mind that real estate and stock investment which was recommended on this book for passive income streaming is just one of way to escape from your regualar job.

This book is about financial common sens, which many of us have seems to neglect due to our massive consumption society: be a good student for having a good job, a good house, a good car, a good loan(s). Great return to the fundamentals of personal finance, it has been a good wake up call for myself.

Great book and great knowledge about money. I think everyone should read this especially teenagers. I learn lots and it was very easy to read. After I read this book, I immediately started building my own network and now have a good solid residual income. I think everyone should follow this book especially those folks who dislike their jobs as their are many more ways to make a living rather than building someone else's dream. Amazing book, changed my life.

This book gives sound financial advice that is echoed by others in the field of personal finance. It presents these principles in an easy-to-read format, at times even using pictures. Though I don't believe it is the end-all-do-all for acquiring wealth, it does encourage good habits and promotes furthering one's personal, financial education.

Overall, I recommend this book to anyone who wants to improve the way they view money and wealth and believe it presents a very good ROI. :)

Purchased for my daughter as a financial discussion book, I ended up starting to read it myself before giving it to her. The writer's style is engaging and easy to read. He shares how he learned from both of his fathers while still respecting them both despite at times opposing viewpoints. The advice differs from traditional financial advice.

Great book to get me started with personal finance. I wish I read it 10 years ago when I was just starting out! I already bought the next in the series. This book is written in a way that is easy to read and retain. I read this from cover to cover in 3 days; because once I got started I was excited to learn everything Robert has to teach.

This book was a total eye opener about money.
“Assets not liabilities”
“Pay yourself first”
Very well written and so much truth in understanding the definition of an asset. Opens your mind to many avenues of money. Read it with an open mind and allow the author to teach you what he has learned!

This book is so simly magnificent that I wanted to cry when I finished it. The concepts were so simple that it made me question why I'd never thought of every word myself! This is a MUST READ if you want to stop being freaking broke!

I really enjoyed reading this book. I decided to read it after hearing over and over that if there was one book anyone would recommend on real estate it was this book. I don't agree with every point made in the book, but overall it provides a great guide to the thought process between traditional thinking and the thinking utilized by those that are wealthy.

Purchased for my daughter as a financial discussion book, I ended up starting to read it myself before giving it to her. The writer's style is engaging and easy to read. He shares how he learned from both of his fathers while still respecting them both despite at times opposing viewpoints. The advice differs from traditional financial advice.

Great book to get me started with personal finance. I wish I read it 10 years ago when I was just starting out! I already bought the next in the series. This book is written in a way that is easy to read and retain. I read this from cover to cover in 3 days; because once I got started I was excited to learn everything Robert has to teach.

This book was a total eye opener about money.
“Assets not liabilities”
“Pay yourself first”
Very well written and so much truth in understanding the definition of an asset. Opens your mind to many avenues of money. Read it with an open mind and allow the author to teach you what he has learned!

This book is so simly magnificent that I wanted to cry when I finished it. The concepts were so simple that it made me question why I'd never thought of every word myself! This is a MUST READ if you want to stop being freaking broke!

This book, coupled with The 4-Hour Work Week (4HWW) by Timothy Ferriss completely changed my life.

Kiyosaki is a bit redundant and long winded, this book could probably be 100 pages, but he does a good job taking you on a journey.

Most people need the long established pre-conceived notions, like a house is your biggest asset and get a good job at a stable company, to be attacked and torn down.

Kiyosaki re-trains you in as gentle a way as possible.

I purchased this book again to give away to friends and family to see them become successful as well.

. . .No doubt about it, Robert Kiyosaki is a masterful storyteller. I imagine when he talks in person to audiences, they are spellbound. However, on paper, his long, rambling tales needed more than a little pruning. I found myself skipping ahead and wondering, "well, when ARE we going to find out what the rich know that I don't know?" (Frankly, I thought rich dad was a bit of a jerk and that poor dad, in the long run, probably made more lasting contributions to society through his work in education--but that's another topic for another time)
And what do they know? Well, what I got out of this was:
--a house is not an "asset" (but real estate is? Oh, I get it. . .Mr. Kiyosaki owns real estate where he can CHARGE RENT! Methinks his advice is just a wee bit tainted there. . .)
--a car is a "toy" (well, actually, I drive a Saturn, not a Mercedes like Mrs. K does--and what was the point of telling that if not to brag?--and I pretty much need it to see to my business and that of my family's). I do disagree with him there. . .until we all get rich like they are, our cars are TOOLS, not toys, and I would have felt less condescended to had he said something like, "choose wisely and well the tools you need to carry on your business."
--making money is a synergy of accounting, investing, marketing, and law. Yes, it is. . .and I absolutely agree with him that this is the stuff we should be teaching kids in school instead of "new math" or how to dissect a frog.
--work for yourself, not for someone else. When you see someone like Bill Gates or Donald Trump get out there and strike it rich through work, opportunity and an irresistable product, it's hard to argue with that statement. As a career counselor by profession, though, I agree with one of the other reviewers who said that not everyone is temperamentally suited to own a business, and that money is certainly not everything. Also, yet another reviewer said that without the workers that manufacture and produce and build whatever is being sold, the business owner has nothing to put out there. Not everyone can be king of the hill or cock of the walk.
I did, however, find his advice to a newspaper reporter/budding author to be sound, and something immediately applicable to my own situation: study writing, but also take courses or seminars to build up a background in sales, marketing, advertising copywriting, and public relations. I took notes on that whole chapter, and it was worth the price of the book.
Once I did that, though, I sold my copy of the book. My advice to you, the reader, is to borrow it, take good notes, and then give it back to the library or the friend who loaned it to you. After all, they don't charge interest;)

The first personal finance book I read. Definitely liked the part where the author points to who you get advice from (the same people stuck in traffic with you on their way to a 9-5 job).
Very good information on Assets vs Liabilities, what you should and shouldn't invest in, getting in debt, taxes.

It is a beginners book into finance, very easy to understand, points out common sense stuff that you might overlook.

This book has been recommended many times. I ignored those recommendations until now. Looking back, I should have listened earlier. This book is not for those looking for entertainment. This book is for those who want to think hard, change their habits, and challenge long held beliefs. The goal is to help yourself and your family to have a bigger and better future. Highly recommend

This is a paperback book written by Robert T. Kiyosaki and published by Plata Publishing in 2011. The book contains 252 pages of palpable self promotion that is rather rhetorical in nature--spoken like a true salesman.

The book also contains some sixteen pages of sales and advertisements of the author's other publications and a few from his friends.

This an interesting take of a successfully entrepreneur's life. It reads rather like an autobiographical sketch of his childhood and the persons who influenced him the most.

The author also criticizes the American education system for not providing what he describes as a 'financial education'. Actually, that is not what the 'free' public education system was designed to provide.

Public education is designed to insure that all Americans receive a fair and complete education so as to be able to exercise their freedom to pursue higher goals beyond public education--read, write, problem solve, perform mathematical calculations, think, and create. My Dad and family never expected public education, that was designed for the masses, to go beyond what it was designed to do.

This is what a carefully chosen institute of higher education is designed to provide, and this is also where parental guidance comes into play.

I began learning about the land acquisition success of my family when I was but 3 years old. I always wondered why we always owned so much land that other people lived on while other families owned just one house. It's how we made our living, and my Grandmother was the brain behind this premise. We are now just carrying the torch. Her two sisters also were magnificent examples. Her daughter, my 80 year old aunt, has been a fiercely independent business woman by implementing what she calls the land baron mentality that she learned from her mother and aunts.

When I was about 5 years old, I went with my Dad to collect rents. Although he also held down 2 full time jobs (corporate janitor and landscaping), I knew that rent collection was a very important part of my Dad's life. He didn't just collect rent for the properties my Grandmother owned, but he also collected for my Aunt's properties as well.

Hence, the acquisition of real property feels as natural to me as owning a closet full of shoes is for most woman. I once heard an elderly man state, "Don't invest in things that depreciate (clothing, cars, and material things that have no real value), but rather invest in things that appreciate (land, commodities, businesses, precious metals, and precious stones)." I took this to heart because tit reminded me so much of my family.

The comparisons the author makes between his rich Dad (uneducated) and his poor Dad (educated) strike me as somewhat narrow. It rather suggests that education is a hindrance to obtaining assets and financial freedom. But rather consider that his parent my have been someone who may not have had vision or fortitude--not a risk taker and fearful of setbacks.

I wouldn't necessarily blame the American education system for this obvious personality flaw. My siblings and I grew up in the same household listening to the same mantras, but not everyone made the decision to follow the template.

My Dad gave me a financial education and financial alternatives beyond just merely having a j-o-b.

If you are looking for information or a guide to how to achieve success in this particular instance, you will not find it in this publication. I actually didn't learn anything beyond what my Grandmother, Great Aunts, Dad, and my Aunt taught me about obtaining wealth and becoming independent of the rat race.

I was hoping to learn something new and fascinating from this very successful person. My family has been in the land acquisition business for centuries and that is how they've survived and flourished. They have bought, sold, rented, and flipped real estate prior to my birth. Many of my siblings and relatives continue to carry the torch.

It's a nice read if you like autobiographies, but other than that it lacks genuine insightfulness and any real information that could actual translated into true systematic action.

Kiyosaki offers some great advice on how to become financially independent. While some of his tips seem risky, you ultimately realize that in order to make enough money to be comfortable you have to take some risks. He has some unique perspectives on saving, what are assets, and how to really make your money work for you. If you are on the fence as to whether or not you should read this book, I'd say go for it--you are going to get some advice that you aren't really going to get from anyone else.

Finally Robert has put down in words what just about every student has thought to themselves or parents whats definitely true about the educational system! I personally can't thank him & his wife enough! And have purchased several copies of this book to young people I felt worthy, as many just won't get it.