Rich Dad, Poor Dad

Rich Dad, Poor Dad
by Robert T. Kiyosaki and Sharon L. Lechter
Pub. Date: January 1998, Time Warner
ISBN 0-7515-3271-1
243 Pages
Review Written: 4/10/07

Success Rating :3


Why I Read this Book:
This man has made a fantastic living and experienced great success by exposing himself to successful people and doing what he loves. The more people we can be exposed to like this the better.

Review:

My guess is that by now most of you have at least heard of Robert Kiyosaki and the incredible Rich Dad brand that he has built throughout the U.S. and the rest of the world. Kiyosaki is a wonderful story teller. That is what makes all of his books so powerful. He takes commonly discussed concepts like real estate, working on your own and financial freedom and gets them across to the reader in a way that inspires.

The jury is still out as to whether Robert actually grew up with a “rich dad” and a “poor dad”, but to be honest, does it really matter? He has chosen an uncommonly traveled road that has lead him to create a very successful system for financial success. A system in which many people are learning and leveraging for their own success.

This is a book for the layperson and financially savvy alike. It is rare that a book on finances is capable of touching such a wide audience as this one does. I recommend it as a great intro to personal finance and entrepreneurial wealth building, as well as a different spin on a subject with which you already may be quite familiar.

I was first exposed to this book a number of years ago while attending university at the London School of Economics when a colleague of mine turned me on to it. What a great atmosphere for my first exposure to such material. For that reason I believe it was easier to keep the fundamentals forward in my mind and my recent reread of the book was a nice refresher. I often find rereading a book to be more valuable than the first time around.

Kiyosaki covers topics including owning your own business, living a life that leads to financial freedom, taxes and what investments favor tax laws, positive cash flow investments and the value of corporations. Those are just a few of the topics. As complex as they sound, Robert prides himself in the ease of understanding and explanation of each.

The biggest takeaway I found from this book, as with so many others on this site, is that life is about action. It is action that puts people in a place to experience success. Remember that quitting a job and starting out on a business of your own is an action (one that anyone has the power to take). But also remember that not making a change or shift towards that road less traveled is just as big of an action and may easily have an even bigger effect on your level of success.

We are lucky to live in a time where these things are possible. More people are achieving their dreams today that ever before. Rich Dad is a way to put those ideas into perspective and see one valuable method for reaching the financial success that may help us achieve our dreams. At the very least it would be doing a disservice to yourself to not have exposure to Robert’s method. After all, that is what reading these books is really about. Learn the success of others to better build success for yourself.

-Reading for Your Success