Rich Dad Poor Dad - Robert kiyosaki

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Rich Dad, Poor Dad is Robert Kiyosaki’s and Sharon Lechter’s first best-selling book. It advocates financial independence through investing, real estate, owning businesses, and the use of finance protection tactics.

Rich Dad, Poor Dad is written in an entertaining anecdotal manner to make finances interesting. The most central element stressed by Kiyosaki and Lechter is the advocacy of owning the system or means of production, rather than being an employee of someone else.

It is basically what the rich teach their kids that the poor and middle class do not. That said it is not a parenting book, it is a personal finance book. In the book he encourages people to buy assets. He says that the poor only have expenses (bills), the middle class buys liabilities that they think are assets (cars) , and the rich buy assets (things that make more money than they cost).

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Lots of people have read this book and found it very declarative but too far from practice. The use of it is doubtful.

Comment published by Laser on 4-10-2008
This guy - Robert Kiyosaki, is a power house of information. I have come leaps and bounds financially since reading this book. I highly recommend it to anyone trying to get ahead financially. You may be struggling when you first start it, but if you will follow the principles he teaches, you will be doing well in no time.
Christine

Comment published by Pacific Palisades Real Estate on 5-9-2008