Rich Dad Poor Dad – Book Review
Reading time: 1 – 2 minutes
Definitely a eye opener explaining more about how people don’t get rich by having the wrong mentality from the jump. Throughout the book the cat pretty much gives you examples of what his Rich Dad did with his money while what his Poor Dad did with his. I think it’s pretty much straightforward how the Poor Dad is your average Sucker to the game who can’t see past the Titles, Fame and Con of others to build for himself.
Although the cat followed with many other books by far this is his best creation to date. From this book I learned how to get rid of my own Suckerism and replace them with the mentality of those who make money. By far the biggest lesson I took away from this book is Rich people put their money in things that make money while Poor people buy things that are worthless…. It’s a Get Your Mind Right kind of book!
Popularity: 2% [?]
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This is the book that started it all for me. I heard about this book from a professor I had in college. I was already leary of getting a job as I had seen my mom work at a job that she hated all because she felt trapped by not wanting to lose the time she had put in, good salary, and fear. But she traded and still trades dollars for hours and literally is counting the days until she can leave the place. Yet she still taught me to go to school, get good grades, get a government job(like her), and retire. After years and years of her complaining everyday? HELL NO!
This book opened my eyes as I knew there was a difference between the rich, the middle class, and the poor. It just seemed that the business owners had an easier life while the middle class worked hard and the poor barely worked at all. I knew I wanted different for my life, and this book helped me to understand that I could have different if I changed my thinking.
The rich dad/poor dad analogy hit home for me as most of my family and friends thought like poor dad. Go to college, get good grades, get a job, work hard, buy a house, get married, have kids, try to save money, and retire. Yet it never seemed to work like it should-not finding that “good job”, more student loan debt than salary, most marriages splitting over money issues, etc. But a neighbor of mine who owns a clothing store, motorcycle shop, and racing team is making real money and can retire in his thirties. But he doesn’t look like it. Why? Because he’s focused on money not on title.
This book helped me to see my neighbor for what he is-a business man. Not a corporate man like everyone I know. This book opened my eyes to what money truly looks like.
Excellent book! I read this book about 2 years ago and it shows the reader about how the rich invest their money to make more money. While the poor invest in useless things like expensive cars and clothing while they should be building for self. Kiyosaki also has another book called “Conspiracy of the Rich” which is a good read as well. The book is about the “8 Rules Of Money” to be honest those 8 rules he talks about in his book i already knew about by using the internet, reading other like minded books, financial articles and of course MSNBC.
Still if you are curious like me i suggest you read both books and by the time you are finished you will shake that suckerism off and like freeman said “Do for self!”
@McDivit85 – Yeah this book kind of smashes the dumb beliefs held and reinforced by most. It’s common sense and that’s why I think the book was such a hit. There’s no complex derivatives in the book or some get out here and change the way you walk angles. It’s just a guy saying this what makes money and why and this is what doesn’t. I think it’s one of the top books on cats figuring this money game out for sure.
@Jose – I think the cat has been regurgitating the same angle into multiple books and games that they all repeat. To me this is the best he ever wrote as it’s the original before all the money makers said make part two.
Suckerism is a hell of a drug! If you don’t watch it you’ll start to value titles, things, and recognition over the thing that brings them all to you in the first place…. MONEY!
Man I loved this book. It really started my path on thinking differently about making money and what it can do for you. This book and Cashflow Quadrant are two must reads that I suggest for anyone, especially the so called “educated cats” which I am myself. This stuff they don’t teach u in college right here.
Man I never forgot the first time I read the book, I was in high school and it was my sophmore year.I was thinking about life and where I want to go with it and my mom would always tell me (and still does to this day) “to graduate college, get a good job, and retire” which is what she did but hates it. Then I read the book and it warped entire mindset. This was hands down the most pivitale book I ever read. It also exposed the flaws in the school system and ever since school has not been my number one thing especially since a majority of what they teach is what I dont need to know.
@Kwan – That cashflow quandrant thing was like a board game when I saw cats doing it that’s why I never read the book as I though the cat was trying to Con you into buying 20 books on the same thing. I have to get that Quandrant Flow off of the racks someday when it’s 1 buck.
@Jelani – Hey Man school is the requirement to participate in the game that’s higher than the street. The game with school is to get it over with instead of basing your life on it. Go to get the skills you might not ever pick up like basic business formation ie… marketing, finance, law and the like. Without me going to college I wouldn’t be able to think this way. It’s just you have to see it as a license to make money instead of the end of the road…
School can work it’s just people don’t look at it the right way. Now that you know more you should be able to get in and out of there pretty fast. The game is not about grades it’s really about completion as no one puts your GPA on your degree.
Great review! I wanted to share my experience with this book and how I have used its knowledge in my own life.
I read about 5 of the books in the Rich Dad series and attended the free seminar they offered in my area. I then found a local partner to front the initial cost for extended training and setting up an LLC to hold properties in.
I have one more training left but still have already managed to secure one rental property (single family home) under my belt and I am working on two bank owned foreclosures as we speak that should make me 20k when I close on them. The home I purchased increased my net worth by 50k and is cash flowing $240/month.
They only thing I have noticed that has changed with me since I began my real estate investing is the change in my mindset. The mindset is what made everything possible. When I first started it seemed like it was near impossible for somebody like myself with considerable student loan debt and no real assets to get into investing. But as Robert would say, that was “left side” thinking.
All and all, the book helped direct my life to the correct path of financial freedom. Just remember, being rich or poor is a mindset. I am by no means rich right now but well on my way. Without sounding too cliche, “believe and you can achieve!”