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"Rich Dad, Poor Dad"

About.com Rating 4 Star Rating

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"Rich Dad, Poor Dad" offers insight on the attitudes, money habits and investments that the rich have that the poor do not. Robert T. Kiyosaki gives advice on how to change your money situation so that it will work for you.

The Bottom Line

Robert T. Kiyosaki shares the story of how his real father and another mentor taught him conflicting views and attitudes towards money. Kiyosaki takes the advice of his mentor “rich dad” and shares it with the readers. You will learn how Kiyosaki has put this advice to use in his life, and ways to apply it to your own life.

Pros

  • Will change the way you look at money
  • Fun and easy to read
  • Explains difficult concepts simply
  • Gives solid examples on how to apply the advice

Cons

  • You need to be willing to take risks
  • Focuses heavily on investing while not addressing spending habits

Guide Review

“Rich Dad, Poor Dad” teaches you to look at money in an entirely different light. This book emphasizes the importance of making money work for you through investments in business, real estate and stocks. Kiyosaki shares the lessons he learned from a mentor as he was growing up. The book is easy to read, and does hold your interest. The concepts are presented in a fresh and open way.

In “Rich Dad, Poor Dad” Kiyosaki offers specific examples of what he did to become wealthy and he explains his choices. He uses the income and outgo charts well to help you to understand how you are using your money. He points out that many people spend as much or more than they make, when they should be focused on growing their assets.

If you want a deeper understanding of wealth building and the way that assets and liabilities work you should read this book. It may help you to make different decisions when it comes to investing. It also challenges the conventions of the importance of a traditional job. If you successfully apply the concepts in this book you will be able to make money and create will security in your future. You may want to read this through, and then reread it to take notes on the steps you want to take after reading the book.

When you are ready to begin changing your financial habits, you should read this book as well as others that will transform the way you think about money. In order to make lasting changes to your financial picture, you need to change your habits and your attitudes towards money. It can more difficult to make changes if you are in a relationship. This is one of the books you can read to learn about how people who are successful at building wealth do it. Take the time to set down financial goals after you read this. You may also want to read other books to find the best investing strategies for your personal situation.

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