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Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! Mass Market Paperback – August 16, 2011

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Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
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  • Publisher ‏ : ‎ Plata Publishing; 1st edition (August 16, 2011)
  • Language ‏ : ‎ English
  • Mass Market Paperback ‏ : ‎ 274 pages
  • ISBN-10 ‏ : ‎ 1612680011
  • ISBN-13 ‏ : ‎ 978-1612680019
  • Lexile measure ‏ : ‎ 860L
  • Item Weight ‏ : ‎ 3.99 ounces
  • Dimensions ‏ : ‎ 4.25 x 0.25 x 7 inches
  • Customer Reviews:
    4.6 4.6 out of 5 stars 23,825 ratings

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Robert T. Kiyosaki
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Robert Kiyosaki, author of Rich Dad Poor Dad - the international runaway bestseller that has held a top spot on the New York Times bestsellers list for over six years - is an investor, entrepreneur and educator whose perspectives on money and investing fly in the face of conventional wisdom. He has, virtually single-handedly, challenged and changed the way tens of millions, around the world, think about money.In communicating his point of view on why 'old' advice - get a good job, save money, get out of debt, invest for the long term, and diversify - is 'bad' (both obsolete and flawed) advice, Robert has earned a reputation for straight talk, irreverence and courage.Rich Dad Poor Dad ranks as the longest-running bestseller on all four of the lists that report to Publisher's Weekly - The New York Times, Business Week, The Wall Street Journal and USA Today - and was named "USA Today's #1 Money Book" two years in a row. It is the third longest-running 'how-to' best seller of all time.Translated into 51 languages and available in 109 countries, the Rich Dad series has sold over 27 million copies worldwide and has dominated best sellers lists across Asia, Australia, South America, Mexico and Europe. In 2005, Robert was inducted into Amazon.com Hall of Fame as one of that bookseller's Top 25 Authors. There are currently 26 books in the Rich Dad series.In 2006 Robert teamed up with Donald Trump to co-author Why We Want You To Be Rich - Two Men - One Message. It debuted at #1 on The New York Times bestsellers list.Robert writes a bi-weekly column - 'Why the Rich Are Getting Richer' - for Yahoo! Finance and a monthly column titled 'Rich Returns' for Entrepreneur magazine.Prior to writing Rich Dad Poor Dad, Robert created the educational board game CASHFLOW 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him. It was those same strategies that allowed Robert to retire at age 47.Today there are more that 2,100 CASHFLOW Clubs - game groups independent of the Rich Dad Company - in cities throughout the world.Born and raised in Hawaii, Robert Kiyosaki is a fourth-generation Japanese-American. After graduating from college in New York, Robert joined the Marine Corps and served in Vietnam as an officer and helicopter gunship pilot. Following the war, Robert went to work in sales for Xerox Corporation and, in 1977, started a company that brought the first nylon and Velcro 'surfer wallets' to market. He founded an international education company in 1985 that taught business and investing to tens of thousands of students throughout the world. In 1994 Robert sold his business and, through his investments, was able to retire at the age of 47. During his short-lived retirement he wrote Rich Dad Poor Dad.

Customer reviews

4.6 out of 5 stars
23,825 global ratings

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Customers say

Customers find the book easy to read and understand. It provides them with good points on personal finance and teaches them to think differently about money. The author's ability to simplify formulas and put them in very simple terms is appreciated. Readers consider it an entertaining story about managing money that offers great value for money.

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1,603 customers mention "Readability"1,570 positive33 negative

Customers find the book engaging and insightful. They say it's a good start for learning about personal finance. The writing style is well-crafted and engages readers to keep reading. Many consider it a classic and worth reading for those looking for financial freedom.

"...so there was much that I was able to readily see and almost immediately able to apply...." Read more

"This is a great book and more importantly the advice actually works when consistently applied...." Read more

"...He is very interactive with his writing which engages you to read on...." Read more

"...Well written book, great narrative and insight, and definitely a life-changing type of a book...." Read more

1,156 customers mention "Motivational"1,143 positive13 negative

Customers find the book provides them with plenty of food for thought. They say the ideas are inspirational and general enough to apply at the beginning. The book contains key ideas worth exploring and a thorough personification of the habits of mind that separate those who have. Readers appreciate the valuable content and exciting information to help start planning. Overall, they describe it as a classic book about changing your lifestyle and thinking differently.

"...flowing storytelling style, and it filled my own head with plenty of food for thought!..." Read more

"...Great opportunities are seen with the mind not your eyes. Lesson #6 - Work to learn-Don't work for money..." Read more

"...In the end, I'm left reading this book with a feeling of inspiration, knowledge, and an "ah-ha" moment...." Read more

"...definitely recommend everyone to read this book, there are so many valuable content and different information shared in it, that you’ll not regret..." Read more

679 customers mention "Financial literacy"622 positive57 negative

Customers find the book helpful for financial literacy. They say it teaches them to think differently about money, investing, and risk. Many consider it the best financial book for beginners, providing a solid foundation for building wealth and having money work for them.

"...I finally read it and found that it completely fits in my current learning cycle, so there was much that I was able to readily see and almost..." Read more

"...the long review but this little 10.00 book has literally changed my philosophy about money, made me thousands of dollars and more importantly will..." Read more

"...Robert also makes a good point that finical intelligence it critical to live even if you work a 9 to 5 job because, you will know where to put money...." Read more

"...He really wants you to understand the concepts, perhaps change some of your habits, and if you not, pass on some knowledge and wisdom about money to..." Read more

497 customers mention "Ease of read"450 positive47 negative

Customers appreciate the book's simplicity. They find it easy to understand and articulate the ideas clearly. The writing style is unique and the practical tips are helpful. Overall, readers find it a straightforward read into personal finance.

"...Overall the book was a simple read with an easy flowing storytelling style, and it filled my own head with plenty of food for thought!..." Read more

"...the rest of the time covering pitfalls to avoid and providing practical tips on getting started...." Read more

"...As a high school sophomore I feel quite luckily that there are easy to understand books like Robert’s to teach about finical intelligence on a level..." Read more

"...I found myself easily going through the chapters. He writes with a very colloquial tone, friendly almost...." Read more

416 customers mention "Value for money"363 positive53 negative

Customers find the book helpful for managing money. They say it provides simple financial advice and helps them see income from a different perspective. The book is described as an easy-to-read learning tool that simplifies the complex dynamics of money.

"...Robert's advice helped me start two small businesses and become financially free (not rich, but free form needing a job) when I was around 26 yrs old..." Read more

"Kiyosaki does a tremendous job simplifying the seemingly complicated dynamics of money...." Read more

"...--making money is a synergy of accounting, investing, marketing, and law. Yes, it is. ...." Read more

"...But, even if that is the case, the books do hold valuable and exciting information to help you start planning your road to financial freedom...." Read more

55 customers mention "Enjoyment"55 positive0 negative

Customers enjoy the book's entertaining and informative presentation. They find it interesting and engaging, with a good story to follow. The book is described as funny yet precise, making it suitable for people who want to understand how to save money and invest.

"...This is the part I found most useful and enjoyable...." Read more

"...a very interesting way that makes this book so unique, interesting like reading a story book and yet powerful...." Read more

"...Having two teens to share this with over time is going to be fun and rewarding too...." Read more

"...This book is a quick, easy read, but it is extremely engaging, and along the way it gives you crystal clear perspective about personal finance...." Read more

129 customers mention "Storytelling quality"71 positive58 negative

Customers have different views on the storytelling quality. Some find it impressive and easy to read, with a great storyline. Others feel the book is repetitive and boring, with rambling and repetition of ideas.

"...Overall the book was a simple read with an easy flowing storytelling style, and it filled my own head with plenty of food for thought!..." Read more

"...However, the only downfall to Robert’s book it that it heavily relies on anecdotes which, is also its greatest glory...." Read more

"...Well written book, great narrative and insight, and definitely a life-changing type of a book...." Read more

"...Although the book is highly repetitious, filled with rambling, and poorly written, Kiyosaki as a highly trained salesman managed to package the age-..." Read more

116 customers mention "Information quality"40 positive76 negative

Customers have different views on the information quality. Some find it good and true, with many details and examples to make things clear. Others feel it lacks some details and is a bit basic, lacking genuine insight.

"...read if you like autobiographies, but other than that it lacks genuine insightfulness and any real information that could actual translated into..." Read more

"...to read this book, there are so many valuable content and different information shared in it, that you’ll not regret reading it...." Read more

"...from the majority should be an indication that this information isn't taught to enough people...." Read more

"...It is intentionally vague and is presented in a way to get the reader to purchase other books and materials from the author...." Read more

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5 out of 5 stars
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My favorite book ever. I learned alot from this book. If you consider, go get one ASAP.
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Top reviews from the United States

  • Reviewed in the United States on March 3, 2017
    Hey there all, I recently completed reading Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!. Let me tell you that this book has been in my peripheral vision for quite some time. Or at least the title of it has been! I finally read it and found that it completely fits in my current learning cycle, so there was much that I was able to readily see and almost immediately able to apply.

    First off I will preface this with a fact that the title always sounded to me like it was how to transform yourself from a poor dad to a rich dad. This was not so. Although it has the information within to create that transformation, at least if you choose to apply some fo the principles, and of course in theory! Know this, though, this is not a rags to riches overnight book. It is a journey over a fair span of a lifetime.

    Robert T. Kiyasaki tells his tale as a young man growing up in Hawaii, his paternal father being a well-educated man who throughout this book always seems to be on the verge of monetary disaster, even though he followed in seemingly appropriate steps required to climb the ladder to success.

    His adopted father had the school education of 8th grade; what his adopted father had was a key understanding of finance, of assets, debits, expenses etcetera and had over time become incredibly wealthy.

    Now how Robert came to adopt rich dad is by way of Rich Dad's son Mike. The two of them were close friends and at a young age (3rd grade). They had made the decision that they would like to become rich. The wanted to make money. Which is what they quite literally did attempt to do. They went around and collected empty toothpaste tubes, created a cast, and began to mint their own nickels. Rich dad saw this and while found the overall situation to be humorous, he informed them of the imposing legalities of their situation and offered to have them stop by his office to work for him. Initially, the boys worked for him for a very low wage, 10c an hour! After some time, Rober becomes fed up and demands a raise or else he is going to quit. Whereby rich dad imparts a critical lesson: Most people will work for the money and if they don't receive the respect or monetary wage that they feel is appropriate, they will go elsewhere. However, once they do so, they find themselves in the same situation. They were more than likely going to accept a paycheck knowing that they will struggle financially. Some may even take a second job, working harder and still accepting a measly gain. Robert asks "So what will solve the problem?"

    Rich dad points to his head and says "This stuff between your ears." All of this is distilled into what Robert calls lesson #1 :

    "The poor and the middle-class work for money. The rich have money work for them."

    What's entertaining is that immediately following this even, rich dad has the boys work for him for free! This imparted the lesson that you work to gain knowledge, not necessarily money AKA the rich don't work for money.

    He then proceeds to illustrate in the book through a few diagrams of how the rich and poor view their money in a cash flow pattern and how the poor view the job as income and expenses as food, shelter, transport, etc, neglecting the assets and liabilities columns. The middle class is fairly similar with income being received for their job, however, they do tend to recognize the liabilities column.

    Where the rich differ is that they have an assets column in which you will find stocks, bonds, real estate and intellectual property which will provide them with their income, which they continue to invest into more assets. Assets create wealth. Seems like a fairly simple formula. The major takeaway here is not so much that assets create wealth, it's how to identify an asset, that little gem didn't really seem to present itself clearly while reading, but it is there nonetheless!

    These views and philosophies are fully fleshed out in the remainder of the book, denoting that most or many will fall prey to the ongoing rat race whereby they build a substantial amount of debt through poor financial education and ultimately have to work in order to stay the course. Rarely being able to lift above and see a way out.

    Robert offers some alternative views on how we are taught to view finances, and not everyone may agree nor may follow his advice. He does suggest that if you are not willing to take risks and prefer to follow another route, that you should begin at a very young age to invest. It may take a while longer to create a fortune for yourself, however, it is the recommended way! I don't think that you can look anywhere in the financial world and that same advice is not given!

    While this touches on the surface of what is in this book, I do hope that it whets your appetite to continue to read even if it is to teach your children or others about financial literacy.

    Overall the book was a simple read with an easy flowing storytelling style, and it filled my own head with plenty of food for thought!

    On a scale of Rich Dad to Poor Dad, I found this to be a fairly enrichening read!
    21 people found this helpful
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  • Reviewed in the United States on April 3, 2015
    This is a great book and more importantly the advice actually works when consistently applied. Robert's advice helped me start two small businesses and become financially free (not rich, but free form needing a job) when I was around 26 yrs old. I had an excellent lifestyle but screwed it up through lack of self-discipline and financial IQ. I have since went back into the workforce(rat-race) and am rebuilding my asset column and moving towards financial freedom once again.

    ***On to the book***

    RichDad PoorDad is about the financial advice the author was given from his biological dad which he calls is poor dad and his best friend's dad which he calls his rich dad. The core of the book centers around the 6 Lessons of the Rich which are as follows:

    Lesson #1 - The rich don't work for money
    The poor and the middle class work for money the rich have money work for them.

    Lesson #2 - Why teach financial literacy?
    If you want to be rich you need to be financially literate.

    Lesson #3 - Mind your own business
    The rich focus on acquiring income producing assets. KEEP your day job but focus on building your personal investment portfolio (what the author calls minding your own business)

    Lesson #4 - The history of taxes and corporations
    The rich understand and take advantage of the tax benefits of having a corporation.

    Lesson #5 - The rich invent money
    Train your mind to make (or invent) money instead of work for it. Great opportunities are seen with the mind not your eyes.

    Lesson #6 - Work to learn-Don't work for money
    Work more for what you will learn then what you will earn. Focus on acquiring the skills you need for your future success in the present. Don't get stuck complacent in the rat race.

    After these six lessons Robert spends the rest of the time covering pitfalls to avoid and providing practical tips on getting started.

    I have tons of notes from this book but a few practical ideas stood out to me, I even taped them on my wall at home.

    1. "Poor people have poor habits. A common poor habit is innocently called "Dipping into Savings." The rich know that savings are only used to create more money not to pay bills."

    ***Yes, have an emergency savings account for unexpected bills and the like but also have a financial freedom account that you save money from each paycheck specifically to create more wealth NEVER to be used for any other expenditure.****

    2. "Financially, with every dollar we get in our hands, we hold the power to choose our future to be rich, poor or middle class. Our spending habits reflect who we are. Poor people simply have poor spending habits."

    3. "Keep your day job but focus on building the asset column."

    Sorry for the long review but this little 10.00 book has literally changed my philosophy about money, made me thousands of dollars and more importantly will be the catalyst for breaking the cycle of poverty in my family forever as I pass the principles down to my kids. I recommend the book along with RichDad PoorDad part 2 which is titled CashFlow Quadrant.

    Best wishes on your journey to freedom!
    Tony Rogers Jr
    Author of Visionary:Making a difference in a world that needs YOU
    8 people found this helpful
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Top reviews from other countries

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  • Alexandre Fernandes dos Santos
    5.0 out of 5 stars Best Seller merecido.
    Reviewed in Brazil on November 1, 2024
    Leitura obrigatória.
  • Cliente Amazon
    5.0 out of 5 stars The Best book I've read in my life, please read it, it will change the way you see things.
    Reviewed in Spain on October 8, 2021
    Im 15 and understood everything in the book. It shows you the difference between his rich dad and poor dad. And gives lessons on how the rich have money work for them and the poor work for money. Please don't even think about it
  • Greg
    5.0 out of 5 stars Life changing
    Reviewed in Canada on May 25, 2020
    This is THE book to read that will have the most impact financially, on your life. I have learned so much from this book and I can't wait to apply what I have learned. There is so much to learn out there but as long as I learn a bit each day following the information laid out in this book. I will be well on my way to owning my own company and becoming a thriving investor.
  • Alberto
    5.0 out of 5 stars Rompe paradimas monetarios - No es guía practica ;)
    Reviewed in Mexico on March 29, 2019
    Comienza más como una historia de niños de los 60's, pero con mucha enseñanza financiera. Después se mete a una lectura más enfocada en la enseñanza sobre el dinero ayudando a romper paradigmas sobre el mismo.
    Al final da algunos pasos para el cambio de pensar y el estatus financiero del lector, pero no es un libro práctico para crecer económicamente, y Kiyosaki lo sabe :)

    Lo recomiendo como un buen comienzo del cambio de perspectiva sobre el dinero y para estudiarlo de vez en cuando después de la primera vez de leerlo.
  • Kindle Customer
    5.0 out of 5 stars New Way of Thinking
    Reviewed in Australia on January 7, 2024
    This book has shown me a new approach to my own finances, and hammered on about the importance of investing to create wealth and making your money work hard for you instead of you working hard for your money.