Book Reviews

Rich Dad Poor Dad By Robert Kiyosaki Book Review

Rich Dad Poor Dad

Listen to these stats about the book, Rich Dad Poor Dad:
-Over 32 Million Copies Sold!
-More Than 51 Languages!
-In 109 Countries!
-SPENT OVER 6 YEARS on the NYT Bestsellers List!

And anytime most of us talk to someone about real estate or wealth building we are all CONSTANTLY asked if we’ve read this book. Even I, will refer the book to people.
Rich Dad Poor Dad is 9 chapters that have honestly changed the world in some ways. To deny it’s impact is foolish.

Now you’re asking me, “How many shades are you going to give it Average Guy?”

Well, here’s what I’ll say about it, I’d advise people to read it because some of the principles that are taught are helpful. There’s not a day that I don’t hear a real estate guy refer to how it changed them. It’s pushed many people towards pursuing assets.

There are several lessons that the Rich Dad taught Robert:

Lesson 1: The Rich Don’t Work for Money
Lesson 2: Why Teach Financial Literacy?
Lesson 3: Mind Your Own Business
Lesson 4: The History of Taxes and The Power of Corporations
Lesson 5: The Rich Invent Money
Lesson 6: Work to Learn—Don’t Work for Money

Each lesson that the rich dad taught Robert helped him to understand money in a different light.

I really appreciated his emphasis on the importance of education and investing in your mind. Now when I say education, I’m not saying a degree per se. More so educating yourself on what you need to find out to get you to the next step. Your mind is what can open up more doors. If you can invest in your mind, you’ll find out what you need to so you can get to the next wring on the ladder.

As well, I also appreciated the emphasis on making money work for you. Putting money in places where it produces more money.

My Problem
One thing most “financial guru’s” are not known for is humility. Unfortunately, it’s an industry that I’ve seen many flamboyant and arrogant people flash their cash. Meanwhile, I know many net worth millionaire’s who don’t live like that. In fact, I don’t know if I’ve met any millionaire’s who live flamboyant lives. Most worked from humble means. Handled their money well. Built their wealth. And now live a somewhat modest and comfortable lifestyle while showing humility.

How this relates to Kiyosaki and Rich Dad Poor Dad is that as I read it, I was put off by the arrogant tone that it showed about building wealth. The dismissive and demeaning nature in how he talked about and viewed people who weren’t like Rich Dad.

A while back my wife and I sat through a timeshare presentation…
(I know, already sounds awful)
The guy doing the presentation fit the description of someone who’s trying to pull the wool over your eyes. We said “No thank you” maybe 200 times. He continued to try to pressure us. Questioning my wisdom in rejecting the offer. Questioned my love from my family.

4/5 Shades

Reading Rich Dad Poor Dad, Kiyosaki can at times give me a similar feel as the guy trying to sell me the time share. The book has some good advice. The idea of investing into assets instead of liabilities hit a switch for many people. And because of that, I’ll give it 4 Shades. But I can’t give it the 5 Shade status because of the tone of the book and how it boils over with arrogance and the subtle feeling of being in a scam.

You can buy the book through this link on Amazon.

Overall
With all of that being said, I will also say this, Robert Kiyosaki does deserve credit for what he’s done. He’s taken a simple story and found a way to connect it to many people. And the lessons in the story do hold some legitimate weight. It’s a book I’d highly recommend people to read. But the difference in this book and other financial books is that I have to put a caveat in it. It’s still a great book and can be a game changer for many people.

As you’ll see in this lesson from Robert Kiyosaki’s youtube channel, he’s a really good teacher and an interesting guy to listen to.

Rich Dad Poor Dad

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