Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

Easy fun reading -Interesting learning tool-Plan on finding the Cash flow game under the Christmas tree this year 4 some fun family time with an educational twist.

This is a MUST read book if you want 2 obtain financial freedom. Personally, this book totally changed my life!!

This is far by the greatest personal financial book! It sets the bar 4 all other books. It will change your life...highly recommend it 4 everyone.

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 & a liability. Financial money management is missing from most of education. If you listen 2 Dave Ramsey, he says many of the same things.

As 4 the tax advice & 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 & gas on my car was a legal option). You can defer taxes forever on a few things, but not many of them & overall, taxes in America are progressive, not regressive as the author claims.

I did learn & was reminded of many important principles by this book & book series, but I'd take a much closer look at tax law before deducting anything.

This book is all cliche & lies.

1. The author recommends that people join MLM 2 become "better salespeople".

2. The author shows a strong distaste 2 basic education. (He was held back sophomore year in high school.)

3. The author shows a lack of respect 4 his real father (poor Dad)

4. The author shows a way too basic math 2 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 4 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 2 make money, nor will he show you how 2 make money work 4 you. He'll give a couple examples that have mathematical & legal errors with regards 2 taxes.
6. He preaches 2 use corporations 2 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 & recommends MLM...was this book designed 2 make the Amway people feel better about their decision 2 join MLM?

Think before you buy. And hopefully you'll put your money away.

Robert Kiyosaki reveals how he developed his unique economic perspective from his two fathers: his real father, who was highly educated but fiscally poor; & the father of his best friend - an eighth-grade drop-out who became a self-made multi-millionaire. The lifelong monetary problems experienced by his "poor dad" pounded home the counterpoint communicated by his "rich dad". Taking that message 2 heart, Kiyosaki was able 2 retire at the age of 47. This book lays out his philosophy & aims 2 open readers eyes by: exploding the myth that you need 2 earn a high income 2 be rich; challenging the belief that your house is an asset; showing parents why they can't rely on schools 2 teach their children about money; defining once & 4 all an asset versus a liability; & explaining what 2 teach your children about money 4 their future financial success.