Rich Dad Poor Dad – A Book Review

Is it worth reading Rich Dad Poor Dad

The first thing you should know is that this book by Robert Kiyosaki is not a book on financial planning. Rather, it is a motivational book. Kiyosaki’s intention is to make you feel good about yourself and change your behavior. However, the book may not be right for every person. For instance, some people may be put off by the lack of detailed financial advice or tips.

Robert T. Kiyosaki

The 1997 book Rich Dad, Poor Dad is an inspirational read for many people. It advocates increasing financial literacy and independence, building wealth through real estate investment, business start-ups, and increased financial intelligence. In this review, we will explore some of the key points in the book.

The author, Robert T. Kiyosaki, has a long list of acknowledgements in the book. He acknowledges 111 people. Although he does not mention “Rich Dad” by name, his father, in-laws, and siblings all played an integral role in his life.

The book is based on the author’s personal experience and background. Both Robert and Mike had to deal with their rich father as teenagers, and the experience was humbling. While they lacked the education of their fathers, they did work with them, and listened to them. They also spent time with bankers, tax accountants, and real estate brokers. This gave Robert the insight to know more about financial literacy than his poor dad.

Kiyosaki’s book teaches readers that money does not necessarily create wealth. Instead, it can be a tool to build wealth and a life worth living. The wealthiest people have wealth, and despite Kiyosaki’s claim to have invented the wealth-building method, it’s still largely a collection of old financial cliches.

Kiyosaki also argues that home values do not always go up. Even if you buy a million-dollar house, it may end up being worth much less than you paid. Kiyosaki also points out that property taxes can put a strain on a family’s budget.

One of Robert Kiyosaki’s most illustrative stories comes from his real-life experiences. His wife has invested in real estate in Phoenix, Arizona, but she is not a financial genius. Despite her lack of expertise in this area, she might have gotten the same return as an average homeowner in Phoenix.

Sharon Lechter

If you’re looking for an excellent financial book to read, Rich Dad Poor Dad is a great option. The authors, Sharon Lechter and Robert T. Kiyosaki, advocate financial literacy and independence to help readers create wealth. The book contains advice on investing in real estate, starting a business, and increasing financial intelligence.

While Kiyosaki wanted to create a board game out of his book, Lechter decided to write a sales brochure for it instead. The result was Rich Dad Poor Dad, a book that went on to sell over 1 million copies. Afterwards, Lechter was appointed national spokesperson for the financial literacy commission.

While Sharon had initially hoped to become a partner in a top accounting firm, she quickly realized that she wanted to run her own business. When a chance to partner with a growing company presented itself, she jumped at it. Her new theme was, “Why Not?”

Lechter is an internationally renowned financial literacy advocate and CPA. She also has served as a National spokesperson for the AICPA’s Financial Literacy Commission. She is also a philanthropist and a mother and grandmother. Lechter is a certified financial planner, founder of Pay Your Family First and Think and Grow Rich for Women, and co-author of the best-selling Rich Dad Poor Dad book.

A wealth-making philosophy is at the heart of Rich Dad Poor Dad. Written by Kiyosaki and CPA Sharon Lechter, it challenges the notion that one must have a high income to become wealthy. Kiyosaki argues that anyone can learn to invest. The book also addresses the belief that owning a house is an asset. In addition, it explains why parents cannot rely on schools to teach their children about money.

In addition to presenting a wealth-building approach to finances, Kiyosaki teaches parents how to make their children financially savvy. She shows parents how to teach their children about money, and that this is a crucial step in the maturation process, and will lead to success in the future. Kiyosaki argues that school systems are not equipped to do this, and they place more importance on other matters.

Shopping Cart