Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! - Softcover

Robert T. Kiyosaki; Sharon L. Lechter

Softcover

ISBN 10: 0446677450 ISBN 13: 9780446677455

Publisher: Business Plus, 2000

“Rich Dad, Poor Dad” chronicles the story of two dads, the author’s own father, who was the superintendent of education in Hawaii and who ended up dying penniless, and the author's best friend’s father (and Kiyosaki’s mentor growing up), who dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii. Kiyosaki uses the story of these two men and their varying financial strategies to illustrate the need for a new financial paradigm in order to achieve financial success in the new millennium.

Review:

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. --Howard Rothman

About the Author:

Robert Kiyosaki has received all sorts of awards and honors over the years, based upon his global message of financial literacy. Among others, he was inducted into the Amazon Author's Hall of Fame two years.

• Publisher: Business Plus
• Publication date: 2000
• ISBN 10: 0446677450
• ISBN 13: 9780446677455
• Binding: Paperback
• Edition number: 1
• Number of pages: 207