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Rich Dad Poor Dad | 
 enlarge | Authors: Robert T. Kiyosaki, Sharon L. Lechter
Publisher: Business Plus
Category: EBooks
List Price: $9.95
Buy New: $3.15
You Save: $6.80 (68%)
Rating:  2199 reviews
Sales Rank: 141
Format: Kindle Book
Media: Kindle Edition
Edition: 1
Pages: 207
Number Of Items: 1
Dewey Decimal Number: 332.024
ASIN: B000FA5QEK
Publication Date: January 15, 2001
Availability: Usually ships in 24 hours
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Product Description
A #1 New York Times bestseller, Rich Dad, Poor Dad is a true story on the lessons about money that Robert Kiyosaki learned from his two "dads." One dad, a Ph.D. and superintendent of education, never had enough money at the end of the month and died broke. His other dad dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Rich Dad, Poor Dad will explode the myth that you need to earn a high income to become rich, challenge the belief that your house is an asset, show parents why they can't rely on the school system to teach their kids about money, define once and for all an asset and a liability, and teach you what to teach your kids about money for their future financial success. In Rich Dad, Poor Dad, Robert Kiyosaki explains how to make your money work hard for you instead of you working hard for money.
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| Customer Reviews: Read 2194 more reviews...
 Fun reading November 16, 2008
J Booey (California)
Easy fun reading -Interesting learning tool-Plan on finding the Cash flow game under the Christmas tree this year for some fun family time with an educational twist.
 This Book Changed My Life! November 10, 2008
J. Ito
This is a MUST read book if you want to obtain financial freedom. Personally, this book totally changed my life!!
Greatest Personal Finance book! November 10, 2008
F. Xiong
This is far by the greatest personal financial book! It sets the bar for all other books. It will change your life...highly recommend it for everyone.
Good but not a instruction book November 9, 2008
Yinan Chen (St. Louis)
3 out of 3 found this review helpful
This book is pretty good because the basics it mentions are fairly good.
Its true that 90% of America does not know the different between a true asset and a liability. Financial money management is missing from most of education. If you listen to Dave Ramsey, he says many of the same things.
As for the tax advice and deferrments in this book, I wouldn't bet the farm on it. Yes, things like 1031 do exist but some of the advice like buying a corporate car with a personal corporation is illegal(although the accounting advisor at H&R block did inform me last year before I read the book that deducting mileage and gas on my car was a legal option). You can defer taxes forever on a few things, but not many of them and overall, taxes in America are progressive, not regressive as the author claims.
I did learn and was reminded of many important principles by this book and book series, but I'd take a much closer look at tax law before deducting anything.
 Don't bother. Seriously. November 2, 2008
Jason E. Spatafore (Phoenix, AZ)
7 out of 8 found this review helpful
This book is all cliche and lies.
1. The author recommends that people join MLM to become "better salespeople".
2. The author shows a strong distaste to basic education. (He was held back sophomore year in high school.)
3. The author shows a lack of respect for his real father (poor Dad)
4. The author shows a way too basic math to demonstrate his profits.
5. The author makes recommendations that are flat out illegal (such as writing off vacations on the corporation...aka, tax fraud.)
So, don't bother reading it. You want the basics of the book? Here....
1. People work for money because they are in fear.
2. Rich people horde their money because they are in fear of losing it.
3. Schools don't teach people about money.
4. People who don't know about money will always be poor.
5. He will not show you how to make money, nor will he show you how to make money work for you. He'll give a couple examples that have mathematical and legal errors with regards to taxes.
6. He preaches to use corporations to save on paying taxes....news flash: corporations have double taxation. That's the price of the legal protections.
Anyway, there's the gist of the book. The only money that Robert Kiyosaki has ever made is from this book...it's motivational, but financially irrelevant. This book started it's circulation through Amway...think about that. He is speaking about money and recommends MLM...was this book designed to make the Amway people feel better about their decision to join MLM?
Think before you buy. And hopefully you'll put your money away.
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