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

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

  • Downloads:5646
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-04-10 09:54:41
  • Update Date:2025-09-06
  • Status:finish
  • Author:Robert T. Kiyosaki
  • ISBN:1612680178
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

April 2017 marks 20 years since Robert Kiyosaki’s Rich Dad Poor Dad first made waves in the Personal Finance arena。
It has since become the #1 Personal Finance book of all time。。。 translated into dozens of languages and sold around the world。

Rich Dad Poor Dad is Robert's story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing。 The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you。

20 Years。。。 20/20 Hindsight
In the 20th Anniversary Edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy。 Sidebars throughout the book will take readers “fast forward” — from 1997 to today — as Robert assesses how the principles taught by his rich dad have stood the test of time。

In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago。

As always, readers can expect that Robert will be candid, insightful。。。 and continue to rock more than a few boats in his retrospective。

Will there be a few surprises? Count on it。

Rich Dad Poor Dad。。。
• Explodes the myth that you need to earn a high income to become rich
• Challenges the belief that your house is an asset
• Shows parents why they can't rely on the school system to teach their kids about money
• Defines once and for all an asset and a liability
• Teaches you what to teach your kids about money for their future financial success

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Reviews

Naser Imran Hossain

Maybe this was an eyeopener back when the book first came out, but the "secrets" the rich dad describes are pretty much common knowledge now due to the advent of the internet and it's cornucopia of investment information resources like Reddit, Bigger Pockets etc。 However, one thing that is still true to this date is people's resistance towards defying the norm and seeking out a source of "passive" income that is not a "corporate day job"。 It takes a special kind of mindset and grit to pursue "no Maybe this was an eyeopener back when the book first came out, but the "secrets" the rich dad describes are pretty much common knowledge now due to the advent of the internet and it's cornucopia of investment information resources like Reddit, Bigger Pockets etc。 However, one thing that is still true to this date is people's resistance towards defying the norm and seeking out a source of "passive" income that is not a "corporate day job"。 It takes a special kind of mindset and grit to pursue "non-conformism" and pursue it successfully- even though it might be common knowledge that many have become "rich" by doing so。 I think this is still a good read for reinforcing the "risk taker" in you, but definitely nothing "novel" by any means。 。。。more

André M。 Treffeisen

The basic on financial education。 There is a lot more to it and it all sounds quite easy, but the devil is in the detail as with anything tricky。

Med Ch

I found this business books interesting and I liked to share it with you before the end of the offer https://payhip。com/b/jKxY I found this business books interesting and I liked to share it with you before the end of the offer https://payhip。com/b/jKxY 。。。more

Elevidelrio

Most amazing book。 If you really want to see things differently, you should read this book with an open mind。

Pandora

Would not recommend it to anyone。

MÅrk Olasiman

Binasa ko to nung college。 Di naman ako yumaman。 May nag invite pa sa'kin mag networking。 Inanyo。 Binasa ko to nung college。 Di naman ako yumaman。 May nag invite pa sa'kin mag networking。 Inanyo。 。。。more

Stefani

Very repetitive and a very holier-than-thou feel throughout the entire thing。

Natália

Great introduction to his topic, easy to read

Robin

Very much focused on the capitalist mindset

Rohit Guleria

This book is really amazing regarding financial literacy。 I got to learn about a lot of new things and how financial illiterate we are 。

Vinicius

Esse livro me introduziu ao mundo das finanças e me proporcionou os conceitos básicos para começar a entender esse mundo。

jkdze

Financial education should be part of school curriculum and Monopoly or Cashflow board game players should compete in tournaments。 Teach children the circulation of money the same way you teach the cycle of water。

Percy

"The more I find out, the more I find out I need to know。People’s lives are forever controlled by two emotions: fear and greed。So what kind of assets am I suggesting that you or your children acquire? In my world, real assets fall into the following categories:•t Businesses that do not require my presence I own them, but they are managed or run by other people。 If I have to work there, it’s not a business。 It becomes my job。•t Stocks•t Bonds•t Income-generating real estate•t Notes (IOUs)•t Royal "The more I find out, the more I find out I need to know。People’s lives are forever controlled by two emotions: fear and greed。So what kind of assets am I suggesting that you or your children acquire? In my world, real assets fall into the following categories:•t Businesses that do not require my presence I own them, but they are managed or run by other people。 If I have to work there, it’s not a business。 It becomes my job。•t Stocks•t Bonds•t Income-generating real estate•t Notes (IOUs)•t Royalties from intellectual property such as music, scripts, and patents•t Anything else that has value, produces income or appreciates, and has a ready marketWith small companies, my investment strategy is to be out of the stock in a year。 On the other hand, my real estate strategy is to start small and keep trading up for bigger properties and, therefore, delay paying taxes on the gain。I don’t encourage anyone to start a company unless they really want to。 Knowing what I know about running a company, I wouldn’t wish that task on anyone。 There are times when people can’t find employment and starting a company seems like the best solution。 But the odds are against success: Nine out of ten companies fail in five years。 Of those that survive the first five years, nine out of every ten of those eventually fail as well。 So only if you really have the desire to own your own company do I recommend it。 Otherwise, keep your day job and mind your own business。p。 99 American law on delay paying taxesI remind people that financial IQ is made up of knowledge from four broad areas of expertise:1。 AccountingAccounting is financial literacy or the ability to read numbers。 This is a vital skill if you want to build an empire。 The more money you are responsible for, the more accuracy is required, or the house comes tumbling down。 This is the left-brain side, or the details。 Financial literacy is the ability to read and understand financial statements which allows you to identify the strengths and weaknesses of any business。2。 InvestingInvesting is the science of “money making money。” This involves strategies and formulas which use the creative right-brain side。3。 Understanding marketsUnderstanding markets is the science of supply and demand。 You need to know the technical aspects of the market, which are emotion-driven, in addition to the fundamental or economic aspects of an investment。 Does an investment make sense or does it not make sense based on current market conditions?4。 The lawA corporation wrapped around the technical skills of accounting, investing, and markets can contribute to explosive growth。 A person who understands the tax advantages and protections provided by a corporation can get rich so much faster than someone who is an employee or a small-business sole proprietor。 It’s like the difference between someone walking and someone flying。 The difference is profound when it comes to long-term wealth。•t Tax advantagesA corporation can do many things that an employee cannot, like pay expenses before paying taxes。 That is a whole area of expertise that is very exciting。 Employees earn and get taxed, and they try to live on what is left。 A corporation earns, spends everything it can, and is taxed on anything that is left。 It’s one of the biggest legal tax loopholes that the rich use。 They’re easy to set up and are not expensive if you own investments that are producing good cashflow。 For example, by owning your own corporation, your vacations can be board meetings in Hawaii。 Car payments, insurance, repairs, and health-club memberships are company expenses。 Most restaurant meals are partial expenses, and on and on。 But it’s done legally with pre-tax dollars。•t Protection from lawsuitsWe live in a litigious society。 Everybody wants a piece of your action。 The rich hide much of their wealth using vehicles such as corporations and trusts to protect their assets from creditors。 When someone sues a wealthy individual, they are often met with layers of legal protection and often find that the wealthy person actually owns nothing。 They control everything, but own nothing。 Thepoor and middle class try to own everything and lose it to the government or to fellow citizens who like to sue the rich。 They learned it from the Robin Hood story: Take from the rich, and give it to the poor。When you learn the rules and the vocabulary of investing and begin to build your asset column, I think you’ll find that it’s as fun a game as you’ve ever played。 Sometimes you win and sometimes you learn。 But have fun。 Most people never win because they’re more afraid of losing。 That is why I found school so silly。 In school we learn that mistakes are bad, and we are punished for making them。 Yet if you look at the way humans are designed to learn, we learn by making mistakes。 We learn to walk by falling down。 If we never fell down, we would never walk。 The same is true for learning to ride a bike。 I still have scars on my knees, but today I can ride a bike without thinking。 The same is true for getting rich。 Unfortunately, the main reason most people are not rich is because they are terrified of losing。 Winners are Great opportunities are not seen with your eyes。 They are seen with your mind。 Winners are not afraid of losing。 But losers are。 Failure is part of the process of success。 People who avoid failure also avoid success。p。 115 Kiyosaki and the reporterThe classic example of a synergy of skills was that young writer for the newspaper。 If she diligently learned the skills of sales and marketing, her income would jump dramatically。 If I were her, I would take some courses in advertising copywriting as well as sales。 Then, instead of working at the newspaper, I would seek a job at an advertising agency。 Even if it were a cut in pay, she would learn how to communicate in short-cuts that are used in successful advertising。 She also would spend time learning public relations, an important skill。 She would learn how to get millions in free publicity。 Then, at night and on weekends, she could be writing her great novel。 When it was finished, she would be better able to sell her book。 Then, in a short while, she could be a “bestselling author。”When I came out with my first book, If You Want To Be Rich and Happy, Don’t Go to School, a publisher suggested I change the title to The Economics of Education。 I told the publisher that, with a title like that, I would sell two books: one to my family, and one to my best friend。 The problem is that they would expect it for free。 The obnoxious title, If You Want To Be Rich and Happy, Don’t Go to School, was chosen because we knew it would get tons of publicity。 I am pro-education andbelieve in education reform。 If I were not pro-education, why would I continue to press for changing our antiquated educational system? So I chose a title that would get me on more TV and radio shows, simply because I was willing to be controversial。 Many people thought I was a fruitcake, but the book sold and sold。“Workers work hard enough to not be fired, and owners pay just enough so that workers won’t quit。”Life is much like going to the gym。 The most painful part is deciding to go。 Once you get past that, it’s easy。 Therehave been many days I have dreaded going to the gym, but once I am there and in motion, it is a pleasure。 After the workout is over, I am always glad I talked myself into going。If you are unwilling to work to learn something new and instead insist on becoming highly specialized within your field, make sure the company you work for is unionized。 Labor unions are designed to protect specialists。if you learn something new, you are then required to make mistakes in order to fully understand what you have learned。“You become what you study。” In other words, be careful what you learn, because your mind is so powerful that you become what you put in your head。In today’s fast-changing world, it’s not so much what you know anymore that counts, because often what you know is old。 It is how fast you learn。• Stop doing what you’re doing。 In other words, take a break and assess what is working and what is not working。 The definition of insanity is doing the same thing over and over and expecting a different result。 Stop doing what is not working, and look for something new。• Look for new ideas。 For new investing ideas, I go to bookstores and search for books on different and unique subjects。 I call them formulas。 I buy how-to books on formulas I know nothing about。• Find someone who has done what you want to do" 。。。more

Chenthil

This book changed my view about rich people

Dilip Menon

Amazing book ! Should have started reading at 15。 Recommend it to everybody。

Umang Rohani

interesting how wealth is created in similar circumstances across cultures

Wesley Speltz

This book was absolutely amazing as someone who is new to this whole world of financial freedom。 It is an amazing book to begin your journey for it provides you with that money making mindset。 Every page contained valuable information that made me want to continue。 This book will also change your entire perspective on everything you thought you knew。 Possibly the quickest I have finished a book。 I've already given this book to two of my friends and they loved and finished it just as fast as I。 S This book was absolutely amazing as someone who is new to this whole world of financial freedom。 It is an amazing book to begin your journey for it provides you with that money making mindset。 Every page contained valuable information that made me want to continue。 This book will also change your entire perspective on everything you thought you knew。 Possibly the quickest I have finished a book。 I've already given this book to two of my friends and they loved and finished it just as fast as I。 Strongly recommend。 。。。more

Tatyana

This review has been hidden because it contains spoilers。 To view it, click here。 Настал момент, когда захотелось почитать что-нибудь, связанное с финансами。 Такая важная тема, о которой многие люди почти ничего не знают。 Совершенно случайно мне на глаза попалась книга "Богатый папа, бедный папа" и, честно говоря, показалась в начале очень интересной! «Большинство людей узнают о Деньгах от своих родителей。 А что может бедный родитель поведать своему ребенку о деньгах。 Он просто говорит: «Оставайся в школе и учись изо всех сил»。 Ребенок может прекрасно окончить школу, но в пла Настал момент, когда захотелось почитать что-нибудь, связанное с финансами。 Такая важная тема, о которой многие люди почти ничего не знают。 Совершенно случайно мне на глаза попалась книга "Богатый папа, бедный папа" и, честно говоря, показалась в начале очень интересной! «Большинство людей узнают о Деньгах от своих родителей。 А что может бедный родитель поведать своему ребенку о деньгах。 Он просто говорит: «Оставайся в школе и учись изо всех сил»。 Ребенок может прекрасно окончить школу, но в плане финансов его умственный багаж будет бедным, а время не наверстать»К сожалению, действительно, в школах мало дают практического опыта управления финансами в будущем в жизни。 Все приходится учить методом проб и ошибок。«Лень снижает шансы и для здоровья, и для богатства»«– Ребята, – сказал он, – вы бедные только тогда, когда сдаетесь。 Самое важное, что вы что-то сделали。 Большинство людей только говорят и мечтают разбогатеть, а вы кое-что сделали。»Ну кто из нас не мечтал о богатстве, но так ленился подняться с дивана?«Большинство людей в мире хотят менять что и кого угодно, только не себя。 »«Актив – то, что кладет деньги в ваш карман。Пассив – то, что вынимает деньги из вашего кармана。»Некоторые идеи в книге довольно практичны, но есть и те, которые, на мой взгляд, в российских реалиях не применимы。 Во-первых, я придерживаюсь мнения о необходимости образования в жизни человека。 Школа и университет - это не только про знания, которые ты потом применишь на работе。 Это и про другие навыки тоже。 Умение общаться с разными людьми, умение справляться со стрессом, выходить из сложных ситуаций, знакомиться, общаться, создавать те самые связи, которые потом, возможно, пригодятся。 Образование - это не корочка, это намного больше, даже если вам никогда не придется работать по профессии。Во-вторых, идея о том, что дом (квартиру) покупать ни в коем случае не нужно, так как он только вытягивает из вас кучу денег, я считаю крайне не применимой в жизни。 Снимать жилье неплохо, если вы действительно уверены, что до конца жизни у вас будут финансовые средства для этого。 Но разве можно быть стопроцентно уверенным в этом?В-третьих, мне крайне не понравилось пренебрежительное отношение к настоящему "бедному" отцу。 Да, можно быть несогласным с действиями близкого человека。 Но ставить себя на ступень выше всех только потому, что ты добился успеха в финансовом плане, неприемлемо。В целом книгу прочитать стоит, но стоит это делать с умом。 。。。more

Pascal S

A must read for any who are interested in financial advices and want to get the first steps easily explained。

Keshalee

one of the best books about financial literacy I have read。 Worth reading even if you got zero to none knowledge in business。

Taylor

great book

Kasey Gordon

Great book。 Not tons of substance, but tons of inspiration。 I align with the ideals in this book。

Silvia Zabala

Empecé mi camino en la educación financiera con este libro, y creo que toda persona que empieza este camino debería der de la mano de Kiyosaki

Alberto Guadagnino

Non può mancare nella libreria di casa。。。

Manuel Alejandro

Considero que es uno de los primeros libros que desperto en mi el hábito de la lectura。 Pero sobre todo el motivarme a emprender un negocio y a llevar un mejor control de mis finanzas personales。

Jennell Brown

Very good book。

Joe Broberg

I was given this book and I want to learn more about investing, so I thought I’d give it a chance。 The main points in this book could be summarized in a page or two。 The rest is just stories and repetitive, patronizing advice。 At one point the author admits that he is a terrible writer but a good salesman, after which I realized this is like the book version of an infomercial。 I had to just skim the latter half as the writing and organization seriously deteriorated。 The one thing it did was insp I was given this book and I want to learn more about investing, so I thought I’d give it a chance。 The main points in this book could be summarized in a page or two。 The rest is just stories and repetitive, patronizing advice。 At one point the author admits that he is a terrible writer but a good salesman, after which I realized this is like the book version of an infomercial。 I had to just skim the latter half as the writing and organization seriously deteriorated。 The one thing it did was inspire me to learn more about investing, financial strategy, real estate, etc。, but I didn’t learn much about those subjects from this book。 。。。more

Mahendra

It's a great book to read for begginers。 It's a great book to read for begginers。 。。。more

Diana Ašmontaitė

Beyond Inspirational!- with a positive mindset we can achieve anything- we should be more observant to opportunities that life offers- invest in your mind/education before investing anywhere else- continuously learn- don't be a Chicken Little- don't work for money And so many more ideas that I'm taking with me after reading this book! It also made me think that this should be taught at schools! Our education system is so behind。 BUT WHERE DO I START!?! 😅📖 Beyond Inspirational!- with a positive mindset we can achieve anything- we should be more observant to opportunities that life offers- invest in your mind/education before investing anywhere else- continuously learn- don't be a Chicken Little- don't work for money And so many more ideas that I'm taking with me after reading this book! It also made me think that this should be taught at schools! Our education system is so behind。 BUT WHERE DO I START!?! 😅📖 。。。more

Rahul Chaurasia

It will simply expand the horizon the way you think!