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

In order to enjoy this book, you'd best put your "capitalist pig" head on. The first sixty pages assume that the best thing you can do from the age of nine is apply yourself to making money. Play baseball? Baseball is for wimps. It's wasting precious time that you could be using applying your brain to thinking up money making schemes. It all started to irritate me, because there clearly is more to life than earning money - but then you wouldn't really be buying this book without wanting to earn a bit more dosh, would you? I'm glad I stuck with it, however, as he does temper this attitude as the book progresses.You cannot argue with one Kiyosaki's opinions. Our (and the American) education system just does not teach you how to deal with personal finance. If it did, Barclaycard would be in receivership. Understand the value of a pound and make it work for you - it shouldn't be such a distasteful subject. Kiyosaki offers some basic common sense approaches that you could apply in order to make your money work better, but he often qualifies advice by stating the approach may not be right for you. Therefore step one could be Learn to Understand Yourself and Your Motivations. Once you've done that, apply your mind to making money if it interests and excites you. If it doesn't, fair enough. Perhaps the process will help you discover what actually does make you tick.For those interested in making a stack, then the advice is again about learning. Choose who and what you learn from - teachers, friends, books, tapes, seminars. Look for new approaches. Find people who want to buy and sell something to them. Try to make your profit when you buy, not when you sell. Investigate stocks, real estate, whatever. Find people who can do a good job for you and reward them well. I especially liked his advice that you'll only receive when you learn how to give, and as the book progressed Kiyosaki seemed to "lighten up" a bit more and came across a bit more human. In the later chapters he relates a lot more personal anecdotes and pithy tales about the upsides and downsides of trying to make money. It's not all a bed of roses, but it shouldn't be life or death either. Making money is just a challenge, and you should enjoy it. If you're successful, you can reap the rewards, even if that's choosing to donate it to other people or causes.In summary, the book is an easy and likeable read. I'm sure most people will get something out it on their road to understanding. Will this book make you rich? Of course not. The only thing that will do that, as the book constantly reminds you, is you, your brain and the action you take.

This book is essentially a self help and motivational tool to start peopleon the path to becoming financially independent of their jobs.There are 2 ways to look at this book.One way is as i did to look on it as a kick up the backside to your way of thinking about what assets are and what aren't and how you can apply legal tax laws to re-invest and then spend money you earn from those investments BEFORE paying taxes on it. This in turn makes you wealthier.The second is to delve deeper into the author -It is said that when people researched the author he had no discernable business interests UNTIL he wrote this book so the book is in fact his own way of becomingfinancially independent - If you sell one million books telling people to change their thinking on money you automatically become as successfull as the book implies.There are folk who will tell you that this book reeks of the second but if you do as one of the Authors main detractors did then in my opinion you deserve what you get.I myself used it as a guide to reminding me that if you use some of the wages from your job to buy bonds and other income generating assets then eventually you will start to see some money back. As long as you don't expect to trun into the next Donald Trump or Richard Branson just by reading this book you'll be fine.If i was thinking of buying this book i would say it is quite a long read with the author repeating himself, persevere and you may gain a little insight into how money works - you'd be surprised. I already knew a lot of what this book teaches because i have some friends who are self employed and claim the cost of a car (purchase, fuel, tax, insurance, parts) as tax free income, along with business clothes and certain other things. That is sort of what is going on here.It's important to note the author DOES NOT tell you how to make the money i.e. he doesn't say go out and buy a repossesed house and rent it out then buy municipal bonds etc, he only advises you to look at your income and what you spend it on a different way.I've no doubt it'll help most folk but not in the way you think....

Great first business orientated book. Very eye opening and very easy read. I always recommend this to people around me.

This is without doubt the most powerful book I have ever read on personal finance, it has changed my mindset overnight. I genuinely have no idea how anyone could give this book less than 5 stars. I have read some of the 1-star reviews and they seem like some incredibly negative people with 'can't do' attitudes.I purchased this book based on the number of property investors (UK) who have started their journey based on the theory behind this book. I have read it for the first time this week and was so impressed I read it a second time. This book clearly states the mindset you need in order to increase your wealth over time and having read this I fully appreciate it makes perfect sense. I am the 'middle class' that he talks about in the book, I have a good job (my 'profession') and also run a company (my 'business') and this book is a real eye opener to what I have been doing wrong all these years to achieve real wealth. It is all too easy to make excuses for yourself, but in reality everyone can afford to increase their wealth even if it is investing £10 a month towards your future. We all have bad habits or non-essentials we can cut back on if we want to.My advice is to read this book with an open mind, and if you don't feel you want to buy it then see if your local library has one. But if you have a negative attitude and struggle to see good advice when it is in front of you then save yourself the time and don't bother.5*. Thanks Robert.