Rich Dad Poor Dad

5 reviews for Rich Dad Poor Dad

1. 

   Rated 5 out of 5

   Always INSPIRE – October 3, 2019

   Reading Rich Dad, Poor Dad is an amazing investment of time. You get more returns than your investment the moment you start devouring page after page of this book. For the beginners who desire to achieve economic prosperity, Kiyosaki offers workable insights based on real life experiences. It teaches us ideas about applied economics that should have been taught to us in schools or at home. The principles of financial literacy- Accounting, Investing, Understanding markets and relevant laws are explained in a way that even a layman can fully relate to them. The author emphasizes the importance of sound finances for a better meaningful life. He argues that while one may be academic genius, a topper, a gold medalist, there is every possibility of ending up as a failure without financial know-how. The book teaches the difference between assets and liabilities in a way we never imagined. The author says that while the rich invest in assets and let money work for them, the middle class invests in liabilities naively considering them as assets and work for money. For example, expensive house/car is a liability for rich and an asset for the poor. The rich take risk, but the poor always play safe when it comes to investment and returns. The rich create assets to pay their expenses, the poor balance income and expenses without ever pondering about it. The difference, the author says lies in thinking. “If you have to invest in something, invest in financial literacy”, the author asserts. It is lack of financial literacy that middle class salaried people think Mutual funds as a safe option for investment, reposing more faith in the fund manager than their own understanding of finances. All this, the author mentions, was taught to him by his rich dad, a man whom he met in childhood. The Poor Dad tells him “I can’t afford it”, while as Rich Dad teaches him “How I can afford it.” This difference of mindset between the two Dads emerges from an understanding of finances. He expects his experiences will help others in arriving at better financial decisions.

   However, i would like to add that after reading this book, i also read The Richest Man in Babylon by George S. Clason. First of all, Clason’s book is a masterpiece. I don’t know why people who suggest things like ‘five books you must read before you die’ never bother to mention Clason’s book. You can’t compare Clason with any other author on the same subject when it comes to language, expression, thought and message. Infact, after reading Clason, i thought for a moment that Rich Dad Poor Dad is inspired to a great extent by the theme of the Clason classic.
   To anyone who is interested in reading Rich Dad Poor Dad, which by the way every person must read, i would suggest reading The Richest Man in Babylon first.

   Thank you.

2. 

   Rated 5 out of 5

   Apurba Sarkar – November 9, 2019

   I think this is a very well written book indeed as I have a clearer view on how to handle my own finance . This book had a clear cut on basic principle of what we need to have in our mindset to succeed . A person commented to go college and learn theory , I would say this book contain all those expensive colleges would offer to a student . I’ve start my first step in investment because of the inspiration of this book . All other criticizers are criticizing him to gain popularity , what a pathetic scene . T. Kiyosaki keep writing good books for the community no matter what the people says .

3. 

   Rated 5 out of 5

   Hamna Shahzad – April 18, 2020

   Well, I completed this book just now and it was the first book that I’ve read in my life and after reading it I am quite confident to say that it’s worth reading. If I talk about title “rich dad poor dad” the first thing that comes to our minds is that it would be a book on the story of two dads but it’s completely wrong because it’s a book all about money. The writer has often discussed the different thoughts and point of views of his both fathers to make his point clearer. It’s a must read for those who wants to make money and a ready to take risks. Honestly, during reading this book I got bored at some point and start thinking that it’s not my cup of tea but its right that it’s pretty easy once we hang at it. Over all, this book teaches you the most important lessons how to be wealthy and the risks that we avoid because we are afraid of failure but we cannot be wealthy and successful unless we’ll pass through it. It also illustrates the two important things everyone is provided with, mind and time and how to use them rightly and the perspective that we shouldn’t need to work hard to be rich but think wisely. That’s it.

4. 

   Rated 5 out of 5

   Manisha Patel – July 7, 2020

   The book is really easy to understand and to read, the message Robert gives is good and can help you change your mindset to be more financially independent.
   It is a book which taught me the thought process of poor and middle class people where I belong, which laid foundation towards progress of my thoughts about financial wisdom.
   I was very intrigued about tax system and determined to read more about taxes and shocked about poor and middle class people who will pay more taxes than rich.
   Detailed description about difference between assets and liabilities was best part and how to develop your asset column by investing in yourself to escape from rat race and retire early and let assets will make money for you was where I got interested.

5. 

   Rated 5 out of 5

   Mohsin Ilyas – August 17, 2020

   Great book on financial literacy that everyone needs! It changed my perspective and enjoyed the personal stories shared.The tagline is enough to give you an insight on what this book has in it for us. “What the Rich Dad Teach Their Kids About Money That the Poor and Middle Class Do Not!”
   In this book, Robert Kiyosaki discusses what he learns about money, investing and life in general from his two Dads. Poor Dad (His Father) and Rich Dad (Father of his best-friend). He shares the contrasting perspective of both the dads in an engaging, thought-provoking and inspiring manner.
   He shares lessons on – how to make money for us, importance of financial education, create assets that puts money in our pocket, etc.
   This New York Times best-seller is a pure delight and something you just cannot afford to not read and learn from.
   it’s a great book to start your collection with!
   – I would rate this book 5/5.
   Happy reading