Rich Dad Poor Dad- What The Rich Teach Their Kids About Money That The Poor and Middle Class Do Not! by Robert T. Kiyosaki
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Web ID: 18013910Great Introduction to Financial Literacy
I started this as an Audio Book and I loved it so much that I bought a copy from my local Barnes and Noble retailer. I must've read it at least three times now. Rich Dad Poor Dad was the book that led me to learn more about finance and wealth management. After reading this, my eyes opened to many more opportunities that I simply overlooked in the past. This book is a great read and I would recommend this to anyone new to finance, investing and saving money.
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My voice over it
**Book Review: *Rich Dad Poor Dad* by using Robert T. Kiyosaki** *Rich Dad Poor Dad* via Robert T. Kiyosaki is a personal finance classic that has influenced thousands and thousands of readers global. The book contrasts the monetary philosophies of Kiyosaki’s “ dads”: his biological father (the "Poor Dad") and the daddy of his exceptional friend (the "Rich Dad"). Through this evaluation, Kiyosaki introduces key monetary ideas that project conventional understanding about money, work, and making an investment. ### Summary At its center, *Rich Dad Poor Dad* is a lesson in economic literacy. Kiyosaki stocks the unique tactics his father figures had toward wealth-constructing. His “Poor Dad,” an knowledgeable but financially suffering authorities employee, believed in working tough, saving money, and climbing the company ladder. In evaluation, his “Rich Dad,” a high school dropout and successful entrepreneur, taught him the cost of investing, entrepreneurship, and getting cash work for you rather than operating for cash. ### Pros: 1. **Simple, Accessible Financial Advice**: One of the e book’s greatest strengths is its capability to simplify complicated monetary concepts for readers who might not have a history in finance. Kiyosaki breaks down thoughts which include assets vs. Liabilities, cash glide, and passive income in a straightforward, smooth-to-apprehend way. 2. **Inspiring Mindset Shift**: *Rich Dad Poor Dad* promotes a powerful attitude shift by way of encouraging readers to suppose like investors in preference to personnel. Kiyosaki emphasizes the importance of economic independence, entrepreneurship, and constructing wealth through assets in place of dwelling paycheck to paycheck. Three. **Practical Examples and Anecdotes**: Kiyosaki’s use of personal memories and anecdotes makes the ebook attractive. His narrative method facilitates readers relate to the fabric, as he describes real-existence conditions where monetary decisions lead to dramatically distinct effects. Four. **Emphasis on Financial Education**: The e-book is a strong propose for enhancing monetary literacy, a topic often omitted in traditional education. Kiyosaki encourages readers to preserve mastering about cash management, investments, and economic techniques past what is taught in faculties. 5. **Universal Appeal**: The ideas mentioned in the ebook are relevant to people from all walks of existence, regardless of their place to begin in terms of financial information or wealth. The ideas Kiyosaki introduces may be tailored to various financial conditions and private desires. ### Cons: 1. **Lack of Concrete Actionable Steps**: While *Rich Dad Poor Dad* is motivational and gives critical principles, it lacks precise, actionable recommendation. Readers seeking out precise investment strategies or step-with the aid of-step financial guidance can also discover the content material too fashionable. 2. **Over-Simplification of Concepts**: The book simplifies complex financial thoughts to a fault at times. While this facilitates in attaining a vast target audience, certain nuances of financial management, including hazard assessment or specified tax techniques, are both glossed over or unnoticed completely. 3. **Criticism of Traditional Education**: Kiyosaki is regularly critical of the conventional education device, specifically its recognition on lecturers as opposed to monetary capabilities. While this critique raises valid points, a few readers may also feel the e book downplays the value of formal training too much. 4. **Repetitive Themes**: Certain themes and ideas are repeated frequently at some stage in the book, which could make it experience redundant for readers who are already acquainted with basic monetary principles. Five. **Success Stories Lacking Depth**: Kiyosaki affords several success tales, however they're regularly generalized with out sufficient element to recognize the practical steps behind the achievement. This can also depart a few readers wondering the way to follow the training in their personal lives. ### Conclusion: *Rich Dad Poor Dad* by Robert T. Kiyosaki is an eye-opening read for those seeking to reframe their know-how of wealth and economic freedom. Its key messages approximately building property, making an investment wisely, and specializing in financial training resonate deeply with readers aiming to improve their monetary standing. While the book is motivational and presents a new manner of thinking about cash, it does fall quick in terms of offering concrete, step-by means of-step instructions for those ready to do so. Despite its shortcomings, *Rich Dad Poor Dad* remains an crucial start line for individuals who are new to the world of personal finance. It excels in offering a sparkling attitude and galvanizing readers to take control in their monetary future, although it leaves them wanting greater practical equipment to do so. ### Rating: four/5
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Anyone That Has Made It in Inv, Has Read This Book
This book has changed so many lives. It speaks in generalities when it comes to investments, but this isn’t a book on investments. It’s a book on how to view investments and finances.
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It changed radically my way to handle my money
This book has been a real eye opener for me. It affected positively my way to handle my investments and start building assets for the future.
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