Rich Dad.poor Dad Pdf

[Kym Wash]

whilei knew a pretty fair amount of the basic information kiyosaki put in this book, there are an alarming number of people out there who do the exact opposite of the guidelines laid out in "rich dad, poor dad". just because you may fancy yourself a financial genius or just generally smarter than the average bear, it's worth keeping an open mind about how to think about your money.i have a MANY friends that i graduated college with who are in deep credit card debt in their early to mid thirties. the kind of debt that could buy or put 50% down a house in the midwest. none of these people are "stupid" and a most of them make a great deal more the average american (3 to 4 times). the reason they're in debt can be directly attributed to the way that they think about their money and how to manage it.if you have successfully started your own businesses or already have assets that more than cover your expenses, you don't need to buy this book to begin with. spend your fifteen dollars on another asset. LOL. but don't for a second believe that this book couldn't be useful to a lot of other people.the reason this book has gotten a good review from the majority should be an indication that this information isn't taught to enough people. instead of harping on how much knowledge you already had before you read the book, look at it from the perspective of the people for whom it could be very helpful.if you can't think of one friend or family member of yours that does not follow the basic guidelines of this book and couldn't benefit from the accessible style in which it was written, then you have a lot of very successful friends. personally, of all my friends, about half of them could learn a LOT about money management from this book. the other half could probably glean at least enough information to make it worth ....yes, it's repetitive and oversimplified. but as a result i found it definitive and clear. for..., it's worth me buying it and passing it around to my friends that could really benefit from it after i've read it. which took just two readings.

While there are many books on the market for personal finance and establishing wealth, none have put the simplistic and yet powerful spin on how the wealthy view money and opportunity like Robert Kiyosaki has.Robert Kiyosaki contrasts lessons he learned from his father (poor dad) and his best friend's father (rich dad) from the time he was 9 years old. Since these first instructions to building wealth and becoming rich were introduced in a way a child could understand, the principles are easily digested. What blows you away is the awesome strength of age-old wisdom that is belied by the child-like teachings. The wisdom is cast like seeds on a desert when it is viewed by those who are too prideful and "educated" to admit where they are wrong. If you have desire to learn what was not taught in school, then this book is for you.I have read a review that comments on how Robert failed to mention that 4 out of 5 businesses fail in their first 3 years. But what the reviewer failed to mention is that 95% of those who do fail do so out of "financial illiteracy". In other words, if you go into business to, "make more money" and fail to understand the true difference between assets and liabilities, then you have failed from the get-go. As Robert explains in this book, there is more to money than the "job mentality" of work and receive, pay bills and survive.In conclusion, while there are some great books out there that will take you through the nooks and crannies of financial intelligence, you must read this one first. You will then have the proper mindset to truly understand the power in the others.

When I started this book, it seemed very simplistic, although written in an engaging style. I thought what he had to say was interesting, but didn't feel it was going to tell me anything I didn't know. But the more I read, the better I thought the book was. By the time I finished it, it really did help me and motivate me to change my circumstances. He doesn't tell you what to DO in this book, although he does give plenty of examples of what he did for you to think about. What this book is trying to do is to change your METHOD OF THINKING. And it really succeeds, as far as I'm concerned. He reminds me a lot of some very successful people I know in real estate, the way he thinks and talks.

Rich Dad Poor Dad is a 1997 book written by Robert T. Kiyosaki and Sharon Lechter. 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 IQ).

Rich Dad Poor Dad is written in the style of a set of parables based on Kiyosaki's life.[1] The titular "rich dad" is his best friend's father who accumulated wealth due to entrepreneurship and savvy investing, while the "poor dad" is claimed to be Kiyosaki's own father who he says worked hard all his life but never obtained financial security.

The story begins with the author as a young boy, observing the contrasting financial mindsets and behaviors of his two dads. His poor dad, who held a high position in education, emphasized the importance of academic success, job security, and living within one's means. On the other hand, his rich dad, a successful entrepreneur, believed in building assets, investing wisely, and acquiring financial knowledge. It describes how rich dad teaches the author and his friend finances by using actual life situations.

Throughout the book, Kiyosaki shares anecdotes and conversations that he had with his rich dad, who guided him on various aspects of money, wealth creation, and financial independence. He learns valuable lessons about the difference between assets and liabilities, the power of financial education, and the importance of taking calculated risks. Kiyosaki emphasizes the significance of acquiring assets that generate income, such as real estate and businesses, as opposed to liabilities that drain money, such as excessive consumer debt and unnecessary expenses. He introduces concepts like the cash flow quadrant, which categorizes individuals as employees, self-employed, business owners, or investors, highlighting the advantages and disadvantages of each quadrant.

The book also delves into the mindset and beliefs around money, discussing the importance of developing a positive relationship with wealth and overcoming limiting beliefs. Kiyosaki stresses the need for financial literacy and encourages readers to take control of their financial destinies by seeking out opportunities, learning from mistakes, and continuously educating themselves about money. This book was not only to help create ideas on how to become wealthier, but to motivate people to work for themselves and not for others.[3]

A competing financial self-help writer, John T. Reed, says, "Rich Dad, Poor Dad contains a large amount wrong advice, much bad advice, and virtually no good advice." He also states, "Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred."[12]

Slate reviewer Rob Walker called the book full of nonsense, and said that Kiyosaki's claims were often vague, the narrative "fablelike", and that much of the book was "self-help boilerplate", noting the predictable common features of such books were present in Rich Dad, Poor Dad. He also criticizes Kiyosaki's conclusions about Americans, American culture, and Kiyosaki's methods.[1]

The book was normally self-published in 1997 before being picked up commercially to become a New York Times bestseller. It has since sold over 32 million copies and become a household name.[13] In his audio-book Choose to be Rich, Kiyosaki said that every publisher turned him down, and Barnes & Noble refused to stock the book initially. He places his focus upon talk shows and radio show appearances, of which The Oprah Winfrey Show had the biggest influence on book sales.[14] In April 2017 a 20th Anniversary edition was published and in a preface to this 20th Anniversary edition Kiyosaki asserts that an estimated 40 million copies of the book had been sold globally.[15]

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Right from the jump, Rich Dad, Poor Dad surprised me with its style and narrative framework. I expected more technical insight and investment math, but the book primarily consists of anecdotes that hold nuggets of (supposed) wisdom for the reader to absorb as if through osmosis.

Not only does Kiyosaki cover the fundamental best practices for personal finance, but he also does a great job of painting an inspiring picture of their end goal: financial independence, retirement, security, being rich, or whatever you want to call it.

People often let their emotions sabotage their finances or let their finances upset their emotional state. They might have a fear of investing, insecurity over their job, or a need for the latest and greatest gadgets.

Kiyosaki recommends learning to manage money, lead teams, build systems, and close sales. More than that, he suggests that people cultivate a habit of continuing to learn throughout their careers so that they never stagnate.

Honestly, Kiyosaki strikes me as a pretty typical guru. His attitude and tone throughout the book both rub me the wrong way. For example, he comes across as just a little too obsessed with the stereotypical image of a rich and powerful man.

Kiyosaki also has a bad habit of downplaying the value of academic education and traditional learning. He seems to believe people who follow the general wisdom end up like his poor dad: highly educated but ineffective and stressed about their money. Rich people learn only by doing or from living life.

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