Friday, July 10, 2015

Book Review: Rich Dad Poor Dad


About the Book:
Rich Dad Poor Dad, the #1 Personal Finance book of all time, tells the story of Robert Kiyosaki and his two dads—his real father and the father of his best friend, his rich dad—and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.

My Comments:
If you ask most people what the difference is between the rich and the not-rich, you'll hear about education and getting a good job with good benefits. In Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!, Robert Kiyosaki suggests that it is more than that.  The rich have mastered the arts of deferred gratification and risk-taking.  While Kiyosaki's real father had a graduate degree and worked in a professional job, and had a decent (though not luxurious) standard of living while working, he had few assets, few things that would produce income for him.  Kiyosaki's other "Dad" lived in a smaller house, and did not have a good education. However, he had assets and he had people working for him.

Reading this book makes you think that anyone could become rich if only...and maybe they could.  Maybe my attitute is holding me back (though I have more assets than many do,so compare to them I am rich..) but as the book also says, it is easier to be broke at 30 than at 50, and since I'm closer to 50 than 30...

The book is an easy read and does give some ideas that most people could try, so, if you want to get rich, and are willing to put in the the work, good luck!

I'd like to thank the publisher for making a review copy available via NetGalley.  Grade:  B

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