Rich Dad Poor Dad: 20th Anniversary Edition: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Brilliant for mentality/mindset, not for literal technical advice, best first book to read for anyone interested in real estate.

"Rich Dad Poor Dad" by Robert T. Kiyosaki is a must-read for anyone looking to gain a deeper understanding of financial literacy and the path to financial independence. This book has profoundly changed my perspective on money, investing, and wealth-building. Here are some key takeaways: Engaging Storytelling: Kiyosaki uses his own life experiences, comparing the financial philosophies of his "Rich Dad" (his best friend's father) and "Poor Dad" (his biological father). This storytelling approach makes complex financial concepts easy to understand and relatable. Mindset Shift: The book challenges conventional wisdom about money. It emphasizes the importance of financial education and thinking like an investor rather than a worker. This mindset shift has been eye-opening and inspiring for me. Actionable Lessons: Kiyosaki provides practical advice on investing, entrepreneurship, and managing finances. He stresses the importance of acquiring assets that generate income, such as real estate and stocks, and avoiding liabilities that drain resources. Inspirational and Motivational: The book is not just about making money; it's about achieving financial freedom and living life on your terms. Kiyosaki's passion for financial education is contagious, and it motivates readers to take control of their financial future. Clear Explanations: Complex financial concepts are broken down into simple, easy-to-understand terms. This makes the book accessible to readers with little to no prior financial knowledge. Real-Life Applications: The principles taught in "Rich Dad Poor Dad" are applicable to everyday life. Whether you're a young adult just starting out or someone looking to improve their financial situation, this book provides valuable insights that can be put into practice immediately. Overall, "Rich Dad Poor Dad" is an essential read for anyone interested in improving their financial literacy and achieving financial independence. It's more than just a book; it's a guide to changing your financial mindset and taking control of your future. Highly recommended!

Great book for everyone to read!! Kids 10 and up and adults should all read it. It makes a great high school graduation mini gift. This is a book most colleg finance classes require. It teaches a great lesson and is written like a novel. Can be read quickly.

“Rich Dad Poor Dad” is one of those books that makes you stop and really think about the way you were raised to view money. I loved how simple and clear the author explains the difference between working for money vs. learning how to make money work for you.

This book offers some good ideas that you may not be familiar with regarding investing and building a financial future. The basic tenets are that you should build your asset column, so that you can generate enough income in order to get out of the "Rat Race" (i.e., the daily 9-5 grind). Your assets are supposed to generate enough passive income to allow you to live off them alone instead of your "normal" job. These assets can come in many forms, but the most obvious or the biggest are real estate and stocks. I thought it was inspiring and a notable point that, instead of simply spending your paycheck to buy a car or a house or whatever, Kiyosaki recommends you buy assets that are able to generate that income as supplemental income. You'll use the additional income you receive from your assets to make those "luxury" purchases. The other good point made throughout the book is that you should grow your financial learning so that you have more tools at your disposal in order to build your financial future, beat the market, etc. On account of that I may be purchasing subsequent books in order to learn more about how the financial world works. Places where I think this book errs, however, is in the over-simplified assumption that we can all just become rich. He even seems to suggest it's due to a fear of risk or laziness that people don't become rich. I think life is more complicated than that and it is not easy to turn whatever additional wages you have from your 9-5 into a great fortune, although this book does help with certain financial principles. This is especially the case if you are led into debt by the things that he warns against - higher education, for instance. The other thing is that I feel like his story is different. The way he appears to have grown his fortune is through some savvy real estate move where he was able to see the opportunity in the real estate market and seize upon it. This also took a degree of patience, as he had to wait until the housing turned around on his investments before he could sell it and parlay that money into a bigger investment. I think the point he is missing is his intuitive knack for seeing these real estate opportunities that the general public may not see. Obviously he has a degree of cleverness in that regard. For myself, I wouldn't know how to see a great opportunity among all the rot, and I would have difficulty seizing upon it due to my own financial situation. Therefore, simply going for something that may not actually be a good opportunity would not be in my best interest. He also started early so he had little to no debt and was able to make these moves. I should also add that he has a passion for real estate, and for finances, that probably enables him to take the action he needs to. I am not sure I have that same passion or interest. In all, I think he offers some solid foundational advice for building your financial future, and makes some good points. These points by themselves make the book worth a read. I do however feel like he oversimplifies becoming rich and overlooks the fact that his unique situation made him well-poised to capitalize on his opportunities.

Rich Dad Poor Dad” is a must-read for anyone who wants to shift their mindset about money. I gave it 5 stars because it challenged the traditional beliefs I was taught growing up and opened my eyes to the importance of financial education. Robert Kiyosaki uses a powerful storytelling style to compare the lessons he learned from his two “dads”—one rich, one poor—and the contrast is eye-opening. It helped me realize how vital it is to understand assets vs. liabilities, the importance of investing, and why working to learn is more valuable than working just for a paycheck. This book is not just about getting rich—it's about becoming financially smart and breaking free from the cycle of living paycheck to paycheck. It gave me the confidence to start thinking like an entrepreneur and take control of my financial future. Highly recommended for anyone who wants to grow financially, change their mindset, and build true wealth.

good

Dziękuję

طباعه محترمة

I though the size would be bigger but yea the condition of the book is very good. The info is there whether the book is small or big

Amazing book. Unfortunately, I didn’t read it when I was 25. Reading it now made me realize how many assumptions about money, work, and security I accepted for years without questioning them. This book fundamentally changes how you think about assets, liabilities, and financial independence. What makes Rich Dad Poor Dad powerful is its simplicity. It doesn’t overwhelm you with complex financial theories; instead, it shifts your mindset. It challenges the traditional idea that a good salary alone leads to wealth and shows why financial education and long-term thinking matter far more. If you read this book early in life, it can shape better decisions for decades. If you read it later, it’s still absolutely worth it—it helps you rethink priorities, habits, and the way you approach money. Highly recommended for anyone who wants a clearer, more intentional relationship with finances.