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YOU ARE HERE: Home > Books > Rich Dad, Poor Dad: What the rich teach their kids about money that the poor and middle class do not

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Rich Dad, Poor Dad
by Robert T. Kiyosaki, (Sharon L. Lechter Contributor)

Renowned American personal finance author and lecturer Robert Kiyosaki reveals his unique economic perspective in this popular book. The disparate influences of his own father, highly educated but always fiscally unstable, and the father of his closest friend, a multi-millionaire eighth grade dropout, have left an indelible mark on the way he perceives money and how it should be used.

This book lays out Kiyosaki’s philosophy and his relationship with money.

A relationship where money should be working for you, rather than the other way round.

A relationship where you don’t suffer from the constant demands of too many bills chasing too little money.

A relationship where you are free of the kind of financially instabilities that plagued his father.

A relationship that will allow you to retire early, just as Kiyosaki himself was able to retire at 47.
 

 

For some British tastes, the capitalist mantra in the early part of the book may be grating, but this does not detract from what Kiyosaki has to teach. He speaks with the unwavering belief of an evangelist that wants to empower people and help them regain control of their lives.

Never sermonising, Kiyosaki stresses again and again the value of taking charge of your finances and your life. And it is this repetition that makes this book, as with others in the ‘Rich Dad’ series, so effective. It is this easy-to-understand format which enables the reader to put what they have learned into practice.

Kiyosaki also keeps it simple. There is no high-powered investment jargon here. This is a down to earth book written in simple English, albeit American English. Whilst the book is staunchly American, everything he says is equally applicable to the UK.

The thorny subjects of assets and liabilities, the burgeoning mountains of personal debt and the sheer lack of financial literacy being taught in schools are issues which need to be addressed on both sides of the Atlantic.

The book also shows that having money, or even being rich, is not some mystery. There is no Get Rich Quick system. But there is a Get Rich Slowly, a Get Rich Methodically and a Get Rich Smart system. Freedom from the money stresses that burden us all is achievable. It is down to you and how you make the most of what you have. Kiyosaki shows how anyone can do it.

For many readers the book is life-changing, it is as simple as that. For others it is purely a motivational tool. Acting as a catalyst by generating the reaction necessary for the changes to be made. Either way, ‘Rich Dad, Poor Dad’ does contain something for everyone and provides the building blocks for a much more secure and debt free future.

 

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