Need not be Harvard, just do the best that you can afford and understand. Robert Kiyosaki’s Rich Dad Poor Dad is exactly the kind of personal finance advice you wish you’d been given when you were just starting out in the world.. It’s simple. I was making about 3800 monthly after taxes where I worked. Rich Dad Poor Dad is the first and most popular book written by Robert T Kiyosaki. Furthermore Robert Kiyosaki’s company has several board games that they sell which teach business and finance. Today, I’m going to be doing a Rich Dad Poor Dad Review.. Rich Dad Poor Dad is a book written by Robert T. Kiyosaki and published in 1997.. Here are some of his key concepts: In regards to that last concept, Kiyosaki has a lot to say. After I read it, I come to know that I'm one of the people who struggled much in handling money. Rich Dad Poor Dad succeeds as a motivational product yet lacks specific real world financial answers. For that I am quite grateful. Stick with Robert's books and read them with discernment and stay away from the Rich Dad Education "opportunities". I have to pity those who read Kiyosaki for the first time and quit their jobs to follow his "advice". Introduction. It's missing from our curriculum. As a result, I learned so much more than I would have otherwise. Success! I read it when I was 13 years old and boy am I glad I did. Another scam dialed-in to your wallet, and nothing but hype! They do not let fear and never-ending analysis paralyze them (Kiyosaki calls this “analysis paralysis”). Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. All Rights Reserved. I've start my first step in investment because of the inspiration of this book . I believe everything starts with inspiration. Not sure about the commodities though. Rich Dad Poor Dad Review. I am now 22 years old, I only have 4k of debt left and am making between 8 and 11k a month. for people whom are lazy let them be lazy. You should be able to, but can't. If you want to learn money, do yourself a favor and enroll in a local college. The Author The “Rich Dad Poor Dad” series was written by author Robert T. Kiyosaki, born in Hawaii, a Japanese-American businessman and financial literacy advocate. I would say I have a ton of education in the rich dad series and I did feel inspired by it. Thanks for reading across the ocean! There was an error submitting your subscription. After all, this was exactly the way I’d thought about getting into the right medical school, the right residency, and the right fellowship (haha). It's a shame there's people out there who scam others. Retired 4 years ago, husband 6 years ago. Which Real Estate Side Hustle is Right for You? It was recommended to me by a friend so naturally, I dove in headfirst. Let's stop giving money to these people whose only interest is in Getting Your Money. However it tied in with reading lots of ‘we make do farming on 5 acres’ books and researching Kiyosaki’s further work. If nothing else, that alone is worth the price of the book. You will get a better education than you ever will in school. The book is called ‘Rich Dad Poor Dad’ by Robert Kiyosaki, and centres around the author’s experiences of his own father (‘Poor Dad’), a well-educated university professor, versus the experiences of learning from his best friend’s father (‘Rich Dad’), who … I give them all 5 stars. If you are someone who have good monthly income and can save part of your income, than you might find this books very useful. Je bent er toch elke maand geld aan kwijt ? The book has a motivational aspect as well as financial advice and strategies devised by Kiyosaki. For example, I just love this quote from the first chapter: “Most people never study the subject [of money]. Highly recommended for anyone at any age. Since that tender young age, the important of investing and building assets was deeply ingrained in my mind. Assets are things that produce cash-flow. What Rich Dad Poor Dad Gets Right: 3 Main Lessons. I was 20 years old, newly married with 45k of dumb consumer debt. Or ho… Absolute crap! This is especially true of how the book taught me to think of money not as an end-goal, but as a tool for wealth creation. For reaching financial success, it’s important that you follow the right guidance of a skilled and successful expert. Rich Dad Poor Dad is one of the most popular books & movies of all times. In this post, I summarize and review the bestselling book Rich Dad Poor Dad by Robert Kiyosaki. Just like in your case, though the book didn’t give concrete action steps, it set me off on a 13 year saga which involved me reading tons of books, attending several different seminars and investing over $5k in my financial education. Rich Dad Poor Dad Letter is a legit newsletter. Rich Dad Poor Dad Review. Rich Dad Poor Dad Letter Review & Final Verdict Honestly, for $19.99 you're getting a WHOLE lot of value here. Too many people have skewed ideas about money, and teaching them how to utilize it is pointless if they don't change the way they think and feel about money. Hold on to YOUR money and save it start investing. Please try again. What separates those that are successful from those that are not is that the successful people take that inspiration—and then they act on it. I cannot fully express how much this book transformed my vision of money and most especially my perception of wealth. I had never thought that building an asset can put one on his way to become rich. So when are you retiring? It at least got me thinking about moving beyond salary, not counting on salary forever (hey, I wanted to retire someday), or on social security being the answer (I was already thinking in the ’90s that it might not exist for higher earners/ savers). This is just one of the ways they do that. Rich Dad, Poor Dad Review: I did find that this book harped on a little, and that the overall page numbers could have probably been halved with the same message being received. Wow, I wish I had read it a little earlier in life, but hey better late than never. Because of mass written publications these days, thousands have attributed their success and financial understanding to this book over and over again. I read Nicolas Sparks fiction instead but a month ago, a professor told us to read the book and its mandatory. Before delving into where the book goes off the rails in this Rich Dad Poor Dad review, let’s consider what it gets right. To this day it remains one of the best books on money you will ever read. However, most of the benefit of the book was found in principles and quotes as opposed to techniques I can easily start applying. Rich Dad, Poor Dad is an extraordinary book, in the literal sense. That way, there is enough left over to invest in more assets. It advocates the importance of financial literacy (financial education), financial independence and building wealth through investing in assets, real estate investing, starting and owning businesses, as well as increasing one's financial intelligence (financial … (And no effort managing properties; all I gotta do is hope the US stock market doesn’t collapse. I read the book a year ago and I loved it. There are three main points in Rich Dad Poor Dad that are sound financial advice. In my opinion, it’s one of the best and most genuine contenders on which you can rely on. http://imeducatingmyself.com/rich-dad-poor-dad-what-the-rich-teach-their-kids-about-money-that-the-poor-and-middle-class-do-not-by-robert-t-kiyosaki-book-review, This book can completely change your perspective regarding wealth.The narration is straightforward and enlightening.It fails to provide personal strategies but it will help you understand that its not about how much money you make but how much money you keep. Rich Dad Poor Dad Review. Mij lijkt het in verband met de huurwet in België makkelijker en veiliger om aandelen te kopen dan huizen te verhuren, aangezien je bij de aandelenmarkt minder last hebt van eventuele juridische problemen. The book has a motivational aspect as well as financial advice and strategies devised by Kiyosaki. I’d love to hear what your thought of it! How to Start a Blog (A Step By Step Guide), Recommended Turnkey Real Estate Companies, 10 Perfect Passive Income Ideas for Physicians, My Personal Peer to Peer (P2P) Lending Experiment. (Maybe 10 more years?). Honestly, it was on my to-read list for the longest time, but I never got to it until more recently. I love these books. The ideas presented in Rich Dad, Poor Dad aren’t particularly profound or fancy, but the concepts were entirely new to me. Thanks! This is especially true of how the book taught me to think of money not as an end-goal, but as a tool for wealth creation. I am still fighting to get my money back. It took Andrew Tobias to make me see that the main point is spend less than you earn, way less, and he got me doing the math to sort out savings needed to retire in comfort with no social security income. Thanks to him - Mr. Joel Silva. As it is, the price is so overblown that there really should be no question as to whether it should work or not. Written by Robert Kiyosaki, a formidable author who gives a solution on how you can increase your wealth. It soon seemed to me the way to make a living farming (and maybe also finance) is to write and sell books about it, and K’s further career was convincing others to try for real estate deals a la him and Trump (ok not quite), and any such career would be beyond my likely abilities or interests. And work on my book about farming just in case.). Rich Dad Poor Dad Letter Verdict. I've since become a huge fan of Robert Kiyosaki and have read many of his other books and watched a lot of videos of him. Rich Dad Poor Dad (Book Review) 1. Please read reviews on other sites and you'll see what I mean. © 2020 Reviewopedia. This book awakened in me an almost insatiable appetite for financial books. Rich Dad Poor Dad By Robert Kiyosaki Book Review: Rich Dad Poor Dad is a classic and number 1 best seller personal finance book of all time. And, if you want to read more about books, you can take a look at the best personal finance books I have read. However, that doesn’t make it less of a good story or advice. It was published on April 8, 1997, and has been translated into 51 languages and sold over 41 million copies worldwide. Ik hoor ook vaak dat mensen oneens zijn met de auteur zijn stelling dat uw eigen woning een passivum is, maar waarom zou het een activum zijn ? In this Rich Dad Poor Dad review, we’ll go into the 6 lessons that will help you do just that! RICH DADPOOR DAD by Robert T. Kiyoski 2. I’ve actually never thought of how it is in other countries because I haven’t considered investing overseas. I couldn’t put it down, and I’m not exaggerating when I say that it completely changed my life. But it’s not best suited for everyone – because author is talking about how you can invest on the side if you’re already making good income and want to start saving and investing that money. Now back to my review: I grew up reading “Rich Dad Poor Dad”, and then “Cash Flow Quadrant” when I was an adult. The Rich Dad Poor Dad book draws out from the financial wisdom that Robert received from his “Rich Dad” and from his “Poor Dad”. I am completely blown away at the simplicity and the genius that this book contains. I’ve read this book last years and I have to say that it does offer so many good, common sense things when it comes creating your financial plans for the future. The other was through his second “Dad”, the father of a close friend, who had money and was constantly making more through successful investments. But I’ll be honest, the idea of using paper coupons to shop in stores is outdated. However, many people have questioned the validity of his financial advice and its applications in the real world. My future is incredibly great due to this book. The author’s success, achievements, and popularity weren’t as easy as you would think. I think this is a very well written book indeed as I have a clearer view on how to handle my own finance . So I’ll always be grateful as well. As such, I have compiled my favorite quotes from the book. After I finished Rich Dad, I did a Google search on “Robert Kiyosaki” to find what else my new hero has to say and found this interesting article: John T. Reed’s analysis of Robert T. Kiyosaki’s book Rich Dad Poor Dad.Although I didn’t like the tone that got a little too personal at times, I felt John’s analysis was comprehensive, and my perspective was more balanced afterward. Robert has been endorsed by Oprah Winfrey and Donald Trump. Most of the concepts in Rich Dad Poor Dad deal with tax advantaged investment vehicles like asset investment and real estate, ventures that require money to make money. If you’re someone who is not making enough and you have struggles on paying everything on time then, I have to say that this book will not help you on creating better income if you don’t have one. Robert Kiyosaki – Rich Dad, Poor Dad Book Review One of the best books I've come across on financial education has been Rich Dad, Poor Dad by Robert Kiyosaki . by David Harris. Have you read this book yourself? It's a good book. There was also some chapters which I didn’t really enjoy reading however the overall messages of the book far surpass the books negatives. we still have a long years of living together. When I first discovered Rich Dad, Poor Dad, I was well into the last year of my residency. It also motivated me not to rely on social security or even medicine for that matter. Do Coupon Sites and Savings Apps Actually Work? Thank God for google translate! Now check your email to confirm your subscription. This site uses Akismet to reduce spam. T. Kiyosaki keep writing good books for the community no matter what the people says . Rich Dad Poor Dad has been successful in helping everyday people establish themselves as entrepreneurs and has given them courage to enter the business world. If I would have known some of these concepts when I was in high school I would have done things way different. The salesman had said I could access my coach anytime, but that wasnt the case. RICH DAD POOR DAD IS ONE OF THE BOOK HAVE READ VERY GOOD.BUT THE BOOK WILL TEACH SOME PEOPLE HOW TO BECOME SELFISH. Never miss updates, our Quarterly Newsletter, exclusive content and more. Not only is it tough trying to find coupons. I think this entire series is worthless at best and downright harmful at worst. #38: How Our MD / MBAs Helped Us to Create a Lending Business For Doctors feat. Rich Dad Poor Dad was written by Robert to be an all in one guide to wealth. This article is a review of Rich Dad Poor Dad, a best-selling book written by Robert Kiyosaki — a self-made businessman, author, investor, and speaker.. Over the next 2 years I purchased 2 ATMs which have been making me between 400 and 1k monthly. I know I do. Kiyosaki says that the rich think about money differently than the poor and middle class. Learned a lot. I also had an epiphany reading this book. I read rich dad poor dad and several other books in the series and I don’t have the three E’s ….education, experience, and excess cash. I was disaponted to find out rich dad simply never existed but maybe rich dad is needed to inspire. Leuk dat je zelf ook al bent begonnen met investeren, ik zou wel opletten met de huizenmarkt hier omdat je in België veel meer rechten hebt als huurder dan in Amerika, wat het verhuren van huizen hier wel eens heel moeilijk kan maken. Rich Dad Poor Dad by Robert Kiyosaki and found at richdadcoaching.com, is a business coaching & mentoring program. Does Corporate Philanthropy Really Exist? I have just snatched this book from my friend and i had goosebumps on only reading its "there is a Need". There are also certain states that are more tenant-friendly which makes it a little less desirable to be a landlord. Shoot me an email or leave a comment. As a result of Robert’s work, me and my family have read this book repeatedly, and every time we come away with someone new that we hadn’t seen or didn’t remember. This book had a clear cut on basic principle of what we need to have in our mindset to succeed . One through his biological father who was a hard working Superintendent yet had no net worth. A person commented to go college and learn theory , I would say this book contain all those expensive colleges would offer to a student . Wondering whether Robert Kiyosaki is the real deal? Motivational though it has vague parts. This book emphasises the importance of passive income and making money work for you instead of you working for money. this book helped me when I was struggling financially. struggles for money.I'ts very inspiring and the story is very interesting!.robert kiyosaki is a great writer.keep up the good work.God bless!. But after reading this book, I realized that the concept of trading time for money just isn’t the smartest way to go through life. Measure your success with your money. I liked the concept of building assets. A New York Times best seller for over 6 years, versions of the book have been translated into 51 languages and distributed in over 109 countries. To investing have helped me when I was struggling financially book by Robert.! Changed our lives: in regards to that last concept, Kiyosaki has a aspect. You 're getting a WHOLE lot of his books today ; all I got ta do is the! Dialed-In to your money and most popular games, Cash Flow 101 and 202, run close! 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