Title: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money that the Poor and Middle Class Do Not!
Author: Robert T. Kiyosaki
Where to Buy: Available at most bookstores or at Amazon.com
Overall Rating: 80 / 100 – Good
About the Book
Rich Dad Poor Dad has sold over 26 million copies and is known as the #1 personal finance book of all time. The author, Robert Kiyosaki, talks about the financial differences between his own dad, and the dad of one of his friends.
His dad worked hard at his job but did not have a lot of money, whereas his friend’s dad, a eighth-grade dropout, had enough money to buy his house in cash. He goes on to explain what these two men did differently, and how these actions determine if you will become rich or not.
My Two Cents…
If it’s this popular, why did I give it only 80 out of 100? Sure, it’s only my opinion, but I think it’s a very fair mark. The reason this book didn’t’ score higher was because of its content.
The author does provide some financial advice, but a lot of it is things you should already know. He talks about investments and ways to have money work for you. He also talks about the different mentalities about a rich person vs. a poor person.
However, I feel that most of the things he talked about in the book were very general, and things you probably have heard before. The more specific advice that he gave was good, but not applicable to everyone.
Mr. Kiyosaki made a lot of his money through real estate. If you don’t plan to get into the real estate business, the advice given might not hit home. It also seems like his became rich just by talking about how to get rich (from book sales and live training events).
That being said, I think this is a book you should read.
Why? Because it is written in a way that is very easy to read. It is also quite entertaining, so you’ll find yourself enjoying his stories and lessons. The most important thing that this book does is motivate you. It changes the way you think and MAKES you want to become rich. After reading the book, I felt really motivated to reach my financial goals and to not be a poor dad! Plus you can get it for a few bucks at Amazon.com.
Who is this book for?
If you are interested in learning how to make more money, then this is a good book to get started with. You may not get a lot of practical and useable advice that you can use right away, but you sure will feel excited about making more money. It also shows you that your mind, and the way you choose to think about things will affect your wealth.
Think and Grow Rich is probably one of the best books out there for personal and financial success, but Rich Dad Poor Dad really does a good job of showing what’s possible and that anyone can achieve financial success.
Pros vs. Cons
- Written in a style that makes it very easy to read.
- Interesting stories and lessons.
- Good general information about making money and the right mindset.
- Motivates you to achieve financial freedom.
- Not much practical advice or strategies on how to become right.
- Does not go into much detail about things. General information about different aspects of making more money.
If you are new to self-improvement books or want to feel motivated to reach your financial goals, Rich Dad Poor Dad is good place to start. While there’s not much detailed and practical advice that is applicable to everyone, the book is easy to read and I’m sure you’ll get something out of it. It’s only a few bucks on paperback, so it’s definitely worth picking up.