Wow. This book is one big bad advice

The only good advice here is that you should work on your financial education. Which is common sense

69 people found this helpful

Financial "Guru" that Constantly Goes Broke

1) Robert Kiyosaki's various "companies" have filed for bankruptcy several times and ,most recently, in 2020. He promotes unethical and unsustainable practices that essentially drain his companies bone dry.For some one who is a "money god," this is about as evident a red flag as a surgeon who asks where the appendix is located. I sure as hell am not listening to a litteral fucking hypocrite.

2) Dudes only claim to fame/welath is this book (made to sell his board game, above all else, in 1997). Only good takeaway from reading are about investing in assets, not liabilities, but that is litteraly one of the first concepts taught in finance 101 or 110&. Dude claims the board game (a litteral peice of card board) is more valuable then a four year degree, which screams of a snake oil salesmen trying to exploit the uneducated with hopes of wealth. Essentially, this book "bestows revolutionary knowledge" that is bare bones knowledge to anyone with a business diploma.

Oh, wait, I forgot he didn't have one. Robert Kiyosaki preaches anti-intullectualism because his poor phD daddy got broke from bad persoanal behavior. Seemingly, his father's failings as a person seemed to engrave a vendetta against academia itself. But, understanding that RV trailer residents aren't billionaires, he substitute schooling with "street smarts," because "street smarts" is where the money is made. I guess he doesn't mention how "street smarts" can be learned in a matter of minutes. Mabey that's why he litereraly built an entire buisness out of seminars and lectures in a collegiate style fashion (RichLLC), so he could hold people for longer and charge them more for his "precious time." Guess those street smarts didn't sell enough velcro wallets (previous company) or board games (RichLLC).


If you see this guy on YouTube, stay clear. He mostly earns money by pretending to be wealthy online and catfishing the susceptible. Most likely, he will even tell you to get "read" this book, so he can keep pocketing that sweet, sweet, poorly written, and vauge royalty money.

36 people found this helpful

Fiction

This book is a great motivational fictional story. There is nothing useful for real life and I believe some advices are pretty much illegal.

35 people found this helpful

DONT BUY

The narrator is disgusting. I couldn’t even sit through five minutes of this book because you can hear him breathing very loudly, licking his lips, and other gross noises the entire time....

15 people found this helpful

great book but....

The book itself is worth the buy and then some, the only reason I found it hard to finish was one thing that the narrator did. Constantly having to hear him have to "wet his lips" is irritating to the listener, especially when using headphones while listening. It's not normally a big deal unless it's something you have to hear every other sentence.

333 people found this helpful

Inspirational and impractical

This book helped get my head back on track in terms of my approach to personal finance. The advice and personal accounts of his own rise to wealth are impractical though. He makes it sound like buying then selling real estate at a substantial profit is a matter of course for the average person. He also advocates tax lien certificates (as described in The 16% Solution) as a more profitable way to save cash at high interest rate securely. Whether or not that's true probably depends on a lot of factors but all of his advice is very high touch in terms of effort for the investor. Listen to the book for the inspiration but be wary of the advice.

7 people found this helpful

Outdated and ironic

I had read the paper version of this book in 2011 while attending grad school. Having little to no financial literacy at the time, the concepts were foreign but digestible. I would like to think that I took away some of the author’s broad themes after I completed the book.

Desiring an easy ‘filler’ book between two others, I recently returned to the audiobook version for a catch-up. One of the first things I noticed these six years later was that several of the anecdotes were outdated or misleading. Specifically, the continued referral to Donald Trump’s financial abilities. Now I’m not pretending to know everything there is to know about Trump’s financial status, but I thought he bankrupted his companies?

Which brings me to my last thought of irony. After finishing the audiobook this time around, I read a few articles online informing me that Kiyosaki (his company) has recently declared bankruptcy as well. Additionally, several countries have him and his business under intense scrutiny for fraud and scams. Again, I don’t know all the facts (and you should do your own research to build your own case) but I do find it somewhat worrisome that an author who’s trying to aid in financial intelligence and give us tools to increase our cash flow is himself in hot water financially and morally.

At the end of the day, it’s your time and money; do what you want with them. For me, I won’t be recommending this book again. I believe Kiyosaki’s time has past.

277 people found this helpful

This book will re shape your finance mind

This book will reshape how you think about money. It will truly show you what you have been doing wrong since you were a kid, what you were not taught and should have been taught when you were growing up. I wish I had some of the advice this book offers a few years back when I was younger it would have made a world of difference by now. It's never too late to learn though. Read this and act. Don't let the common emotions of the (chicken litttles) in this world steer you away from becoming a business owner or an investor. It's your freedom on the line and no one else's.

Thank you Robert God bless

125 people found this helpful

simplistic and self satisfied

What would have made Rich Dad Poor Dad better?

more research and less boasting; more solid information not just anecdotes

Has Rich Dad Poor Dad turned you off from other books in this genre?

this author

You didn’t love this book... but did it have any redeeming qualities?

basic points are good but never elaborated upon

102 people found this helpful

READER NEEDS MORE TRAINING!!!

Would you listen to Rich Dad Poor Dad again? Why?

The book is very good!. The reader, Tim Wheeler, has not received proper breathing instruction to narrate a book. Some people don't breath while they speak. This is not a healthy habit. It is distracting to listen to a book where the reader holds his breath and gasps between pauses. It actully interrupts my breathing while listening to him.!!!

158 people found this helpful