This is without a doubt THE “Godfather” of finance self-development books. In this review of Rich Dad Poor Dad book, I intend on showing you why this book was so valuable to me and also some of the lessons taught in the book.
The book is basically a personal finance book told through a parable. It’s all about Robert Kiyosaki’s “Rich Dad”, who was actually his friends Dad (a wealthy businessman), and his own “Poor Dad”, who was a well-educated teacher that never got to grips with money.
I can’t wait to get into it so let’s not waste any more time here…
Rich Dad Poor Dad- The Overview and Rankings
- Name: Rich Dad Poor Dad, What the Rich Teach Their Kids About Money- That the Poor and Middle Class Don’t
- Author: Robert Kiyosaki- 100 out of 100
- Originality: 100 out of 100
- Practical methods: 89 out of 100
- Enjoyability: 100 out of 100
- Price: Kindle $7.48/ Paperback $6.98/ Hardcover $19.98
- Maketimeonline.com Rating: 98 out of 100
Pros and Cons
Pros
- Provides so much financial intelligence relevant to the information age
- It can reshape the “normal” way you think about money (well it did for me!)
- Explains complex financial terms in simple easy to understand language e.g. financial statements, assets, liabilities etc.
- Provides so much motivation to want to learn more
- Makes you WANT to take action
- Shows how you can get started immediately for free- Words are free, so change your words!
- Explains different asset classes- Business, Real Estate, Paper Assets and Commodities
Cons
- The cheesy title can put people off.
- It can come across as “salesy” or “preachy” and some people just never want to be sold to. Even if what he says makes perfect sense!
Who is RDPD for?
Anybody that is not happy in their current job. Anyone that wants to be able to live a lifestyle that they want. Anybody that doesn’t want to stress about not having money for the rest of their life. Anyone that is looking to invest their hard earned money into something. It pretty much covers ANYONE!
The book is easy to read, with so many stories in it. If you hate thinking about money and worry that you don’t understand personal finance stuff, this book makes it so simple! My only regret is that I didn’t read this book sooner.
If you type in “Rich Dad Poor Dad Book Review” into Google you will probably find a LOT of negative reviews. Why? Because people tend to look for negative reviews as they feel they can find out what they want to hear about a book.
Just think about any product you’re interested in buying. If there are 200 positives and only 3 negatives, do you read the positive reviews? Of course not! You’d search for the negative ones and decide if what they are saying is legitimately a reason to put you off or if they are just fussy or had a one-off bad experience.
Well as always I’m going to be completely honest with you, from my own point of view. You can make up your own mind about what you think.
The 6 Lessons
Lesson 1: The Rich Don’t Work For Money
Personally, I think this title should be: “The rich have money work for them”, which is actually the subtitle but this is the main lesson.
Trade your time for money… This is hands down the WORST relationship that people have in the information age! It is still ingrained into us that unless we put our own time into something we cannot get paid. This is true to a certain extent but the thing that has changed is that we can now put the time in once and get paid over and over again for this. Read more about this here.
A lesson that Robert’s “Rich Dad” taught him was not to work for money. He did this by getting Robert to work for FREE! Imagine if from an early age we did things to learn or for the internal joy of doing something.
I’ve actually learnt a lot about this concept in recent years as a teacher through “Positive discipline”. A large part of t
his is not rewarding students with points or medals for making good choices, whilst not “punishing” poor choices by removing something. The idea is to make the students want to make good choices for themselves, whether rewards or “authority” are present. As soon as a reward is given for an action, it becomes very hard for students to do the same thing again without a reward.
This is the same with us and money. Do you know anyone that says, “I’m not interested in money”? I bet it would be almost impossible to get these same people to carry on with their job if they didn’t receive a paycheck at the end of the month. This really questions what value and pleasure most people are getting out of their job! People have their job to get that paycheck at the end of the month.
Money can work much harder than we can 24/7… 365!
Lesson 2: Why Teach Financial Literacy?
This is hands down the most original, controversial game changer part of the book.
The 2 biggest terms I have learnt about money and when you wrap your head around these, your whole life can change:
An Asset = something that puts money in your pocket every month.
A liability = something that takes money out of your pocket every month.
With these definitions, this means that the big family home that you’ve worked so hard to get your whole life is technically… a liability!!!
Can you imagine how people felt when they heard this? There was uproar and people labelled the book as a joke… Then 2008 happened and people brutally found out what Mr Kiyosaki was talking about!
The above financial statements demonstrate how the poor, the middle class and the rich spend their money, respectively. I personally believe that when you understand these statements, everything you work towards buying will change (it certainly has for me).
The book says that you become rich by accumulating assets. For example, my rental property is an asset and this website could potentially be an asset for years to come. If people read this post in years to come and purchase something through this website it is a few hours that I’ve spent after a day at work that has unlimited potential in how much money it could generate for me.
I am putting the time in now to generate income over and over again in the future.
I read this book in 2014 but it wasn’t until the summer of 2015 until really understood this part of the book. Our house that we used to live in, in Buckinghamshire used to cost us pretty much all of the money that we earnt as teachers. All of a sudden we lived over 3,000 miles away and it was putting money into our pockets every month…
Our liability had become an asset!
Lesson 3: Mind Your Own Business
What’s your side hustle?
If you are in a job and you’re reading this, I would like you to think about this question a lot over the next week. If you don’t know, start to really think about your lives purpose, vision and values.
We need to spend more time sorting out our own finances rather than spending them on shopping. One of the main reasons why I do not advocate spending your time being frugal or finding great discounts etc. is that when you focus on increasing your income, you find you don’t have as much time to spend spending your money! The “live below your means” financial gurus are not telling you what to do, they are just telling you what NOT to do (and we already know this deep down!!!)
Increasing your income is a double-edged sword in a good way. Just like “positive discipline” you are focusing your mind on what you want to achieve rather than what you don’t want to achieve! If I told you to be frugal and to only spend 20% of your paycheck, you would constantly be fretting about money. If I told you to spend the next month learning as much as possible about affiliate marketing and writing a blog, you would spend your time learning a valuable skill, writing about things that interest you and you wouldn’t have as much time to spend your money on “stuff”!
We all know we don’t need half the stuff we have, we all know that we “shouldn’t” spend more money on clothes! But it’s hard to stop a habit until you can replace it with another habit (read more about habits here).
My question to you is why can’t this other habit be rewarding, enjoyable and be a side hustle?
Lesson 4: The History of Taxes and the Power of Corporations
BORING!! I hear you scream!
Yes, taxes may be the most boring thing on earth. But that is why accountants exist! Anyone with a great accountant will tell you they are worth their weight in gold!
I imagine some of the examples in this section are exaggerated slightly or are not overly simple, but I didn’t get too worked up over the particulars.
The main point is that if you are working as an employee you get ZERO help from taxes. If you use corporations, then you can have “business-related expenses” offset against your tax bill (and the great thing is you can carry on driving your car or using your phone all year!)
Since reading this part of the book Sarah and I have set up a limited company in the UK for our property business. We also have moved to Qatar, a tax-free country, but that was a side benefit of it to us (obviously!!)
We have quarterly (every 3 months) finance checks and use a Rich Dad template to assess our spending and income. I have just dug out one from April 2014 compared to September 2018, I am actually amazed at the difference (plus the passive income will increase over this next year).
The first statement is our April 2014 Financial Statement Analysis and the next analysis is our September 2018 Financial Statement.
If you want this financial template, (which does the analysis for you, all you do is put in your income/ expenses) it is included in the welcome email if you join the maketimeonline newsletter– check the sidebar or bottom of the page to receive this.
Being accountable is a great way to make changes. The only way you can be accountable financially is if you track your finances, so make time to do this TODAY (if you wait until tomorrow, life will happen and it will be tomorrow again and again!)
Lesson 5: The Rich Invent Money
What’s that… Money doesn’t grow on trees? Well…
This is a part of the book that Robert uses an example of how to create money from your mind. His example is a property deal that put money (tax-free as it was from a loan) into his pocket and generated a monthly income. I genuinely was bewildered by this concept and thought he must be making this up. However, we are potentially 2 months away from doing a very similar thing with a property that we have bought (I will keep you posted!)
However, the best way in today’s world to do this is through the internet! It has never been easier to create your own content or products (through information, books and online courses) and this is literally using your own brain to produce an income. You don’t have to spend ANYTHING on this (apart from time) and it can generate an income for years to come.
So money may not grow on trees but it certainly can grow from your mind!
Lesson 6: Work to Learn – Don’t Work For Money
Again, I’ll go back to the earlier example. Imagine if everything we did was to learn or for personal fulfilment?
Here’s my story after I left University:
I had NO idea what I wanted to do with my life! So I started applying for jobs just like everyone else. Jobs in London as a recruitment consultant, a salesman and anything that said something like “no experience required”.
I started getting some offers for certain recruitment positions but for some reason, I always talked myself out of it. I would think to myself that these people are too “pushy” or I didn’t want to commute to London every day or the pay wasn’t good enough (I don’t know what I was expecting!!!)
I ended up applying for one position that was a sales position “working in the field”. It turned out to be door to door sales! I turned up at 2 pm and was paired up with another guy and spent a day “in the field”.
When I got back to their office (around 9 pm – it was dark and I was exhausted) I had a chat with the guy who “interviewed” me. He explained how the post was 100% commission but you can move up the company and end up having a team beneath you (you’d earn commission on all of their sales). I left their office to find my car had been clamped and I had to call some number and pay this guy £250 cash! All in all, this was a very bad day!!!
However, for some reason… I nearly accepted it! I couldn’t explain why to any of my family and I thought I would be judged if I did. I hadn’t read this book yet, but it was because I wanted to “work to learn”. I just couldn’t explain this to anyone else.
That evening my Dad said there was a position in the pharmacy at his Doctor’s surgery, so I went in the next day and started working straight away. It’s safe to say that I learnt diddly squat in this job, so I moved into teaching 3 months later!
Why are the Title’s and Sub-Titles so Controversial?
Controversy Sells!!
Robert Kiyosaki jokes continually about being a “best selling author”, not a “best writing author”.
The title’s need to be controversial to get people paying attention to them. If he wrote a book called “financial statements- assets and liabilities explained” do you think people would even pick it up?
The theme throughout the book is how entrepreneurs get so many advantages compared to employees. Every entrepreneur needs to be able to sell. In fact, everybody needs to be able to sell, even if it’s just you selling your idea over what to watch on TV.
When you actually read the words in the book it’s hard to argue with. Some of the titles and language he uses to describe employees can be seen as offensive and demeaning. However, he actually still talks about some of the standard financial advice you hear from everyone.
His “rich dad” is actually quite careful with his money. Although he has a business and earns good money, he drives a “normal” car and doesn’t live in a mansion. Too many people equate rich with material things, but these same messages come up time and again. You don’t go and buy a Ferrari on finance!! When the cost of a Ferrari is pocket money, then you can pay cash if you must!
People become very defensive when they are challenged for living the way that they currently are. This can make them find the negatives in everything and miss all of the crucial potentially life-changing messages in the book.
What Have I Done Since Reading This Book?
I read this in 2014 (about 4 years ago). The number one thing I’ve done… I’ve learnt more!
This book sparked some interest that I didn’t even know I had… reading self-development books and improving myself continually. I have read well over 100 self-development books since this. Some have been great, others utter garbage, but I learn something each time.
Sarah and I have been on property courses and met some amazing people who are “crushing it” in life. Our business partners deal with millions of pounds worth of property, I have spoken with people earning 6 figures a month online and I continue to talk to new and inspiring people.
We started a UK property company, which focusses on buying HMO’s (shared house) in England. I certainly never thought I’d technically own 2 companies before turning 30!
We started a blog in 2017 and I have since started this online business. I want to help as many people as possible choose to do what they want in life and find ways to increase their cashflow, rather than having to work paycheck to paycheck. It’s all about creating TIME!
We now set goals annually, quarterly and weekly. These are broken down into smaller daily goals that help us to achieve our bigger and longer-term goals in the future.
We have changed our morning routine and daily habits. I got up early this morning and am currently writing this before going to work. Sarah is doing some yoga… If someone had told us we’d be doing this before work (we leave at 6 am!) a few years ago I would have told them they are crazy. The reason we do this is due to a book called “The Miracle Morning“, which was actually a recommendation from Robert Kiyosaki!
At no point does Robert directly tell you what to do. It is open to interpretation and depends on what your own goals are in life into which route you take.
The main message throughout the book is to keep learning- how can this be a bad thing?
Rich Dad Poor Dad: The “MakeTimeOnline” Review Final Word
This book has literally changed my life. It was the first real self-development book I read so it’s hard to say whether I am biased towards it because of that, or if the book is really that good!!
On that same note, if I had read some other self-development book that was painful for me to read (and I’ve read a lot of these!) then there’s a good chance I would have not bothered with them anymore!
The main lesson is understanding assets and liabilities. The key to becoming “rich” is to acquire assets and limit your liabilities.
For me becoming rich means creating a life where I have the time to choose what I’d like to do. I have some monstrous goals that I’d like to achieve in life, and I know I’m not going to be able to do this by relying on a paycheck each month.
This book was my first jigsaw piece to figuring out how to make money online to free up my time. I continue to find new pieces all the time but I wouldn’t have even started looking if it wasn’t for Rich Dad Poor Dad.
Keep changing for the better,
Mike
If you have any questions and I mean ANY questions about RDPD, please leave them below. If you have read the book before or have any of your own opinions I’d love to hear from you too.
If you are interested in making money online to free up your time, have a look at my #1 recommended program here, which I am currently using.
Thanks Mike. I came to your blog to read anither post (and I will be reading that next) but I chose to read this RDPD post instead for two reasons:
1. So many people keep saying i should read it and
2. I DID read it a long time ago, wasn’t ready enough for it at the the time, nad have been kicking myself recently for not having ‘kept at it’.
Essentially I have just needed enough of an excuse and you may just have given that to me. Thank you Mike.
Hi Shaun,
Thanks for your comments. I may be a bit biased about this book as I read it at exactly the right time for me!
I completely changed my thinking about, well… life!
It’s hard to say whether it was because this was the first real self-development book that I read, and I just happen to love reading them. Before reading this I thought these type of books were for hippies or people that take themselves too seriously. I now realise this is essential to making good choices daily as it provides motivation, new ideas and inspiration.
I’d highly recommend it to anyone and I re-read it every year. Every time I get something new!
Thanks for stopping by,
Mike
Hello Mike,
I really enjoyed this book review. I’m not one for reading self-development types of books, but this makes me think maybe I should. I could use some help and more understanding in how these things work. I mean who wouldn’t want to make more money and work less by doing it?
I’ll have to check this out. Thanks for sharing!
Best wishes,
Devara
Hi Devara,
Thanks for your comment!
Yeah, I really do think that we have been brought up in a way where we believe the only way to live is trade time for money and work paycheck to paycheck.
This book completely questions all of these beliefs. I don’t think it makes people greedy to want to be able to do what they choose with their time and make their own money work harder for them. It is just a different path
Thanks for sharing, I hope it helped
Mike
Thanks Mike for your quick response. I am one that wants to learn how to make my own moneydecisions work harder for me. I appreciate you voicing your opinions. I believe we think a lot alike. I will consider ordering this book as soon as things slow down a little.
Wishing you the best of success!
Devara
That’s great Devara. Reading more of these types of books has definitely helped me to make better decisions about my finances, so I hope it can do the same for you!!
Take care
Mike
Your review of Rich Dad Poor Dad has made me want to go and buy this valuable book and has really hit the nail on the head when it comes to how we think about money and use it versus how we SHOULD think about money and actually use it. This review has made me realize that I have very few assets and too much liabilities which has put me into such a financial drain that I drastically want to change that and so I am trying to do things now in order to do just that. I’m so happy to hear that what you’ve learned from this book has already had positive changes in your life. Do you have a better out look financially now because of what you learned from Rich Dad Poor Dad?
Hi Brian,
You are so right! The book really shows ways that we can think about money. It is possible for our money to work for us rather than us always having to work for money.
The book did exactly the same for me too!
I’m so glad you realised that from my review, because my out look is 100% better than it was before reading this book about 4 years ago.
Check out our financial analysis pictures in the post… it shows how much it has changed and I honestly say it would not have changed this much if it wasn’t for this book.
Thanks for stopping by,
Mike
Hey Mike. Thanks for sharing and reminding us what a great read this book is: it’s stuff they don’t teach but should teach at school. Luckily I had a rich Dad who ran his own firm nut I didn’t know it at the time! To your continued financial success and all those like me who took the time to read this great blog
Hi Hannah,
Glad to hear you had your own rich dad! I saw a video the other day saying that our brain has developed fundamental values about money and time by the age of 7.
So growing up with a Dad running his own firm probably helped you to subconsciously learn about the separation of time and money.
Do you also invest your money into assets?
Mike
Hi Mike, Yes like I say my Dad had a firm but I didn’t fully understand RichDad at the time.
Now I’m old enough to understand and use property/real estate so that I don’t trade my time for money
That’s amazing Hannah!
It’s obviously rubbed off onto you then… most people don’t even realise it’s possible to not trade time for money. I look forward to hearing how you get on in the future.
Mike
Hi I remember the first time I read this book it was revolutionary, it changed my way of thinking and got me to see my self as God created me to be which was an entrepreneur and not an employee..
Thanks for the great post.
Hi Charlie,
I believe you are so right!! We are all made to be entrepreneurs and create our own lives that we want to live.
It’s so easy to take on debt and responsibilities and before we know it we HAVE to keep working to pick up those paychecks.
Entrepreneurship is nothing new and doesn’t have to be hard. It actually used to be very common for families to have their own business and in 3rd world countries, everyone owns their own small business trying to sell something.
Thanks for your comment!
Mike
Hi Mike,
Have you also read the book “The Richest Man in Babylon?”
Rich dad poor dad and the richest man in babylon are two of my all time most favorite books about finance.
In fact, one of the regrets I had in my life is I haven’t read the book Rich Dad Poor Dad in my early years. I could’ve taken accountancy in college if I did. Remember? He specifically mentioned that one of the best courses is Accountancy.
But because I do not want having any regrets in the future, I plan to enroll in college again next year for the accountancy course, because I believe that I can never be too old for studying something new.
This books changed my view on finances and I am now doing my best to handle my finances well. It gave me a new overlook on the basic principles of life, because we must admit that in life, we tend to not discuss about finances or money. It is like a taboo in many scenarios.
The book teaches about all the important things about finances. His Dad is really something that I am envious about. Well, I love my Dad but this book’s teaching really thought me a lot.
As the book says, It is not their fault for raising me unaware about finances. It is our society’s sickness as stated in the book. I am glad to see someone spreading the word of how good this book it.
Regards to you,
Jason
Hi Jason,
I actually have had that on the list for a while, but I have put it off after reading some reviews.
“The richest man in Babylon” seems to promote that “slowlane” approach to finances. I’m not saying it won’t work but I don’t believe that is the best way to become wealthy in today’s information age.
You’re so right about never being too old to study something new. However, my interpretation on what Robert is saying is that you should work to learn. Rather than working to earn a paycheck. He also says the most important skill for business is sales. He went to work for a great Sales Corporation Xerox as it had some of the best training.
We 100% don’t need to pay someone else to be educated. I believe this is a common misconception in today’s world. We learn all the time and if you can get paid to learn then that makes more sense to me than getting into more debt.
Saying that, if you know you want to become an accountant then you will need to do a course. But maybe you could volunteer in an accountancy company and see if you can learn that way first.
You’re so right about the taboo nature of talking about money. Robert’s real Dad was actually his “poor dad”. There are loads of mentors or people you can work with that can become a “rich dad” to you. It doesn’t have to be an actual “Dad”… wow, I said Dad a lot there sorry!!
Thanks so much for your thoughts. I can see you really want to learn more about finances and really that is the main message of the book!
Really happy to connect with you Jason,
Mike
This book literally changed my outlook on money and earning income. I read it in 2006. The one thing that truly marked me was the “Mind your own business” section. What a concept! I loved the idea of starting a side hustle and growing it over time. Since then I have always had a second income. This chapter is directly responsible for me getting into Affiliate Marketing. I have since read every Kyosaki book. If I am not mistaken, most of the other books were co-authored by RK. The book on setting up business entities is an eye opener. The other one I loved was about real estate. I don;t want to give too much away but the concept of “quadrants” is an eye opener for me. I could write forever on this book. For those who have not read it, you should get it now! It is an awesome investment——in you.
Hi Mike,
Mind your own business!!
100% the most important part.
If you said to someone, “why don’t you make sure you spend most of your working week making someone else rich and then spend your little free time twiddling your thumbs until you can go and work harder for them again”…
They would call you crazy!! Yet this is what most people do. We get so tired and drained making someone else rich that we have no energy left to “mind our own business!”
I also love the Rich Dad books. Cashflow Quadrant and Rich Dad’s Guide to Investing are essential reading in my eyes.
Yes his “advisors” books about real estate and business are great too. Have you read the “guide to investing in gold and silver” book? I learnt so much from Mike Maloney here.
Thanks for your comment. Great to hear you are into affiliate marketing, I believe this is an amazing side hustle and it has unlimited upside, with a very small downside.
Mike
Hi Mike,
Thanks for the great reminder and I also read and I liked but did not practice like you did, so I am going to go back over it and start using the information.I do remember about a house been a liability and i think he said just try not paying your mortgage and the see who owns it.
I am also looking forward to doing the work once and getting paid over and over, by blogging.The internet does open up so many ways to make income challenges a past. Thanks for the great review and all the best.
Hi Phyllis,
Yes, it’s so easy to read something and not put it into practice!!
I actually found doing some courses in the business side that I am interested in to be a great motivator and guidance.
I think that’s a great point about not paying your mortgage!!
I really do think the internet provides the best business opportunities ever to exist. The more I think about it the more I think it’s crazy that EVERYONE doesn’t use it to grow a business online.
Do you invest in anything else Phyllis?
Mike
All i have invested in right now is a little in Paccoin the crypto currency.My biggest investment right now is my time in blogging. How about you Mike?
Have a great day
Phyllis
That’s great Phyllis!
I think the best investment is in yourself (as cheesey as that sounds!!) so spending time blogging is certainly going to be time spent on that.
I invest in property in the UK and have investments in some commodities. It’s all about trying to increase that cash flow as far as I’m concerned anyway.
Thanks for you comments!
Mike
Wow, you have me sold on the book! I feel like I need to read it and am hoping that I can make a few changes as well. Never hurts to try, that is for sure. I have heard of this book, but your review was wonderful. Thanks for sharing, and I am looking forward to reading!
Hi Leahrae,
It honestly is one of the best things I have ever done. I know that a book is only worth what you make out of it, but it has started me down a road of financial education that I didn’t even know existed.
Please let me know how you get on with the book and if you have any questions then fire away. I love talking about this “Rich Dad” philosophy stuff!!
Mike
This was an awesome post Mike! I fell right in when I heard it was about Robert. I’ve always wanted to check out this book, and the fact that you’ve done a walk through, brilliant man. I like how you stated that with all this intellectual and financial informstion, that it makes you want to take action. Sometimes there’s so much information in books and you only get the sense that’s all it is, so I’m happy to hear that there’s more motivation and action behind it. You hit the gold mine here, there’s so much that makes me respond to wanting to make a purchhase. It’s true that the people not thinking about money are the ones fussing over paychecks in their job.
I’ve been trading more of my time for money, I’m a victim of that, but I want that all too change,, and I’m happy that I have a place where I can try and let cash do most of the work on 24/7. The asset and liability model was refreshing to see. I took accounting and business courses in college and this brought everything back in a flash. Its true that we would spend more time on the liability side, paying offf credit after credit and receiving farther less of an asset in debits in the longevity.
I’m going to bookmark your page, I can’t say enough good things. Thank you!
Hi Michael,
Thank you so much for your kind words!
I cannot talk highly enough about this book and financial education. My life has already changed so much since reading it and I know it’s only going to get better and better.
I’m genuinely really excited about the future now and it’s not even the distant future!!
I have learnt sooooo much since reading this book and each day I’m learning more.
Trading time for money is THE worst relationship we have. It’s so easy to do as this is all we are ever taught. However, we should be thinking of ways to make our money work for us.
The internet has created a whole new world of business opportunities that have unlimited upside. Working for you 24/7 is an amazing asset to have and it’s something the internet can provide.
I hope you enjoy the book. Have you got any assets currently? I really enjoyed your website it looks really good. How long have you been working on it?
This comment has made my day!! Thanks so much.
Mike
Great post and good info.
This book seems to be a very good one, I’ve heard about it but was a bit suspicious, because the title.
I’m happy i came across your post because really, I want to know more about marketing and so.
So because of your post I’m going to check it out and I’m confident it will help me!
Thank you so much!
Hi Emmanuel,
To be honest the title put me off for about 4 years!!…
I now know why people say don’t judge a book by it’s cover!! As soon as I started reading it I realised why it’s such a good book. Robert Kiyosaki can be quite arrogant and not everyone’s cup of tea but the messages in the book are so eye opening. I really think EVERYONE would learn a lot by reading this book, and it’s so enjoyable due to the stories and examples provided.
The main message really is to keep learning and financial education as the more you learn the more you realise you don’t know!
How’s your online business coming along?
Mike
Hi Mike,
Awesome article! I really enjoyed the reading!
I’ve heard a lot about the Rich Dad Poor. Many friends of mine have read it, and they all recommended to me. Now that I read your article, I’ll buy this book, and I’ll read it. I think it’s worth it! I am not a big reader, and I would like to know if I can resell the book on Amazon once I finished reading it?
Thank you!
Hi Daniella,
It honestly changed my whole outlook on finance and how to use money.
You can of course resell your book on amazon just like you would sell anything else on there. To be honest though it’s one of the few REAL (not digital) books that I have gone and bought and kept to re-read and lend it to people.
If you’d like more tips on reading more/ just being more productive I’d highly recommend “the slight edge” too!!
Let me know if you have any more questions about it?
Mike
Thanks Mike, I have this book and read it some years ago. It changed the way I think about money. Reading through the 6 lessons you mentioned, I need to read RDPD again, some things need to be rekindled in me. I really like lesson 3, minding my own business. I started a couple of businesses in the past. Now I am going to read RDPD again and grow another new business!
Hi Juliet,
It’s such a great book!
What I gained from that lesson is that you don’t actually need a “business” to mind your own business!!
By that I mean just mind your own finances and your own life more than you do spend on managing your job.
If this involves a business then great make sure this business is set up right. He also talks about the business triangle which shows the product is actually the least important part of a sound business. The team mission and systems are much more important so maybe you could improve your existing businesses before setting up a new one?
What are your existing businesses?
Thanks for your comment
Mike
This isn’t the first time that I have come across this book. I have come across many people that have recommended this book to me. I think finally this time I am going to have to sit down when I have some free time and take a look at this book. Your great breakdown of the book has left me intrigued and I feel like I really need to read it all for myself. Thanks for the great review.
Hi Huy!
I got recommended it numerous times before I finally read it.
To be honest it was the title of the book that put me off for a long time. Since reading I can’t believe that I let a title put me off of something that has had such an impact on my life!
Kiyosaki is not a perfect man and wouldn’t claim this but he has a gift for making complicated things easy to understand and a writing style that is enjoyable to read.
I can’t recommend it enough
Thanks for checking it out
Mike