Rich Dad Poor Dad
chris lin posted in Book, Reviews on August 15th, 2004
Throughout this week, I have been reading the Rich Dad Series. Here's Amazons review of it…
Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his "poor dad" (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his "rich dad" (that "the poor and the middle class work for money," but "the rich have money work for them"). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of "financial literacy" that's never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed.
Ever since I finished reading the first book, Rich Dad Poor Dad, I have been more open minded about the financial world today. It's funny how our teachers teach how to study hard and make us work for our money when the rich just do the exact opposite and have the money work for them. Most people will never accept that reality since it is just easier to accept something everyone does instead of something so…surreal.
November 30th, 2005 at 1:31 pm
Rich Dad Poor Dad was one of the most important books I’ve read, and using the philosophy I learned from it has completely changed my lifestyle over the last few years.
Although I think everyone should read it, I agree that what it proposes probably isn’t something that many people will accept.
I no longer need a job and I continue to set up streams of income that keep flowing even when I’m not working. Still, I have to admit that once in a while I feel insecure without having a job because it’s contrary too everything I was taught to believe. But I wouldn’t trade it for anything.