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

Rich Dad Poor Dad by Robert Kiyosaki is one of those books that can completely change the way you think about money. Rather than focusing on complex investing strategies, it teaches fundamental lessons about financial literacy, assets versus liabilities, and the importance of making money work for you instead of working solely for money.The book is written in a simple, conversational style that makes financial concepts easy to understand, even for readers with little background in personal finance. The comparisons between the author's "rich dad" and "poor dad" provide memorable examples that encourage readers to question conventional thinking about earning, spending, saving, and investing.What stands out most is how the book inspires a mindset shift. It encourages readers to think long-term, develop financial education, and seek opportunities to build wealth through assets and smart financial decisions.✅ Pros-Easy-to-understand writing style-Introduces important personal finance concepts-Encourages financial independence and long-term thinking-Thought-provoking and motivational-Great starting point for beginners-Memorable real-world examples and lessons❌ Cons-Some concepts can feel repetitive-Limited step-by-step investment guidance-Certain advice may be oversimplified for advanced readers-Some readers may disagree with the author's perspectivesOverallIf you're looking for a book that challenges traditional views about money and encourages better financial habits, Rich Dad Poor Dad is an excellent place to start. While it's not a detailed investing manual, it delivers valuable lessons about financial education and wealth-building that remain relevant years after publication. Definitely a buy-it-again and recommend-to-others book for anyone interested in improving their financial mindset.

"Rich Dad Poor Dad" by Robert Kiyosaki is an extraordinary book that has truly changed my perspective on money, wealth, and financial literacy. This insightful and empowering read presents invaluable lessons that the rich teach their children about money, contrasting it with the mindset and beliefs commonly held by the poor and middle class. Allow me to share my experience with this life-changing book.First and foremost, the knowledge and wisdom imparted by Robert Kiyosaki in "Rich Dad Poor Dad" are eye-opening. Through relatable stories and personal experiences, Kiyosaki challenges conventional beliefs about money and unveils the fundamental principles of financial success. He emphasizes the importance of financial education, investment strategies, and building assets to create lasting wealth. These powerful lessons have inspired me to take control of my financial journey and make better choices for a prosperous future.The storytelling approach used in this book is exceptional. Kiyosaki narrates his childhood experiences, highlighting the contrasting financial mindsets of his own "poor dad" (his biological father) and his "rich dad" (his friend's father). This storytelling style effectively communicates complex financial concepts in a relatable and engaging manner. It makes the book accessible to readers from all walks of life, regardless of their prior financial knowledge.The practicality of the lessons presented in "Rich Dad Poor Dad" is noteworthy. Kiyosaki not only shares insights but also provides actionable steps and strategies for readers to implement in their own lives. The book encourages readers to think critically about their financial decisions, challenge their beliefs about money, and take proactive steps towards financial freedom. It serves as a practical guide for individuals seeking to break free from the cycle of living paycheck to paycheck and create a solid financial foundation.Furthermore, the book's emphasis on financial literacy is of immense value. Kiyosaki stresses the importance of acquiring financial knowledge and understanding the different forms of income, assets, and liabilities. This focus on education empowers readers to make informed financial decisions and take control of their financial destinies. It serves as a wake-up call to the significance of financial literacy in achieving long-term wealth and financial security.The impact of "Rich Dad Poor Dad" extends beyond personal finance. It challenges societal norms and encourages readers to question the traditional path of education and employment. Kiyosaki promotes entrepreneurship and encourages individuals to think outside the box, take calculated risks, and embrace the opportunities that come with financial independence. This book has the potential to reshape one's mindset and open up a world of possibilities.Lastly, I must commend the author for his ability to inspire and motivate readers. Kiyosaki's writing style is engaging, passionate, and thought-provoking. His genuine desire to empower others to achieve financial success shines through every page, making "Rich Dad Poor Dad" a truly transformative reading experience.In conclusion, "Rich Dad Poor Dad" is a must-read for anyone seeking to gain financial knowledge, reshape their mindset, and create a solid foundation for long-term wealth. Its empowering lessons, relatable storytelling, practicality, emphasis on financial literacy, and inspiring approach make it a book that has the potential to change lives. I highly recommend "Rich Dad Poor Dad" to individuals of all ages and financial backgrounds. Pick up this book, absorb its wisdom, and embark on a journey towards financial independence and abundance!

Rich Dad Poor Dad is one of those books that encourages you to think differently about money. Rather than focusing only on earning a paycheck, it emphasizes building assets, creating multiple income streams, and understanding how money can work for you over time.The writing is straightforward and easy to follow, making it a good introduction to personal finance and investing. While not every idea will apply to everyone, I found the mindset shifts to be the most valuable part of the book.If you're looking for motivation to improve your financial future or want a different perspective on wealth-building, this is a worthwhile read. It inspired me to think more intentionally about my financial goals and continue learning about investing and personal finance.

This book explains money and financial thinking in a simple, easy-to-understand way. It gave me a different perspective on saving, investing, and building wealth. A good read for anyone interested in personal finance.

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.

Great insight, educational and very informative book. Now I understand why it remained on the best seller list for over two decades. Highly recommended. I enjoyed it.

I listened to the audio version of this book and had to buy it as part of my collection. Although everything sounds like you know this already, the way it is structured makes you open up your mind to the world of finance. 100% recommend this read

The audio book was easy to use. And the voice was pleasant. I was very happy and would recommend to anyone. This book is a must read.

10 years ago, my dad told me to read this book. as a teenager who was more interested in reading crap like twilight and the hunger games, i brushed him off, but in the back of my mind it was always one of those books i knew i should read. and boy do i regret not reading this 10 years ago. you do have to take all of his advice with a grain of salt, because this man has been incredibly lucky with the real estate market (i mean, literally anybody who bought real estate when he did is a millionaire today.) even so, i think this book is incredibly motivating and useful to anyone who is kind of figuring things out right now and looking for that push to take the next step. i have always had a 'gut feeling' when it came to investment opportunities but never had the courage/enough money to really take that leap. the book changes your perspective on how to look at money, how to value your own time, and really just gives you confidence to believe in yourself and take that (carefully analysed) leap of faith. i would recommend this book to anyone who wants any chance at achieving financial freedom for themselves and their families.

good

I would like to review this book in two parts: Physical Quality and Content.Physical Quality:The book is small, lightweight, and easy to carry anywhere. It is very handy for people who enjoy reading while travelling or in different places. Although it is a little thick, it is still comfortable to hold and read.Content:So far, I have read around 90 pages, and the experience has been quite engaging and immersive. While reading, I could relate some of the incidents and ideas to my own life experiences, even though they were not exact matches.I also liked the reflection section at the end of each chapter. After the first chapter, I tried answering the questions to myself and thinking about my own views and experiences. It made the reading more interactive and thought-provoking.Overall, I believe this is a very good book. While reading it, I felt that I should have started reading books like this during my teenage years. Perhaps I would have developed a different perspective on money and financial decisions much earlier in life.I am looking forward to reading the remaining chapters and learning more from the book.

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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