Another scammer

I was curious about this book because I've heard a couple of people who dabbled in investing and Real Estate swear by this guy. So I checked out this Audible. Have to admit that rich dad story was spellbinding! Almost fell for it hook, line, and sinker! Then I started wondering why this author seemed so enamored with Trump as his story went on, so I researched his bio and now I understand why. They are practically cut from the same cloth, so to speak. They look down on intellectuals, peddle their seminars for profit, declare bankruptcies to avoid their financial obligations, etc. Good grief! Enough with these scams already! Don't understand how they could game the system so well and fool so many people as they laugh all the way to the bank. Rich dads, poor morals.

77 people found this helpful

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

46 people found this helpful

If you're into fear mongering and exploiting....

I was super disappointed by this book. I am so disappointed by this book that I actually felt compelled to leave a review so others don't wast their time or energy....I had heard Robert Kiyosaki speak in some interviews and I found what he had to say was interesting and he himself seemed very charming so I was happy to purchase the audio book to hear more from him. I wanted to like it so badly - I really did - I even forced myself to continue to listen even when I knew what he was saying was not true and just fear mongering. But in the end I was just wildly disappointed! It's a very pure capitalist view of the world -he literally outlines how his "Rich Dad" basically exploited people for cheap labour and then turns it around saying those people choose to exploit themselves (insert eye roll...) .... if you have a single shred of socialism coursing through your blood please avoid this at all costs.... It's not all completely horrible as he does make some very basic and decent take home messages but overall I just found the whole thing really distasteful and much more in line with "get rich quick" schemes. I also found the whole narrative around "rich dad" and "poor dad" to be a pretty big stretch and quite frankly, not super realistic. It's really unfortunate- I think this man has some interesting ideas but the idea that you can only be rich by exploiting "less fortunate" people around you is just not the strategy for me....

40 people found this helpful

How is this pile a steamin poop so highly rated?

A complete hoax of a "guide" book by a predatory hustler. Recommends tax evasion, planned bankrupcy etc.

71 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.

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.

313 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.

243 people found this helpful

Those who can't do....teach

This book wasn’t for you, but who do you think might enjoy it more?

People interested in getting rich quick scams

Would you ever listen to anything by Robert T. Kiyosaki again?

Absolutely not

Which scene was your favorite?

None

What character would you cut from Rich Dad Poor Dad?

Rich dad, since he seems to be an entirely fictional charater

Any additional comments?

It is reasonable advice that you should try to build assets (which is a fancy way of investing/saving in something with a reasonable return) and avoid assets that cost more than they pay (like being house-poor or car-poor). But you can save your money from buying this and stop there.

That's all this book has to offer. It's chalked full of economic inaccuracies. Capitalism doesn't allow businesses to arbitrarily raise their prices nor would it allow us to all "keep" our taxes if they suddenly don't exist (there's this thing called competition).

But after I was 3 quarters done with the book, I started wondering if the guy was ever going to give some concrete advice so I started googling his name. It turns out his ONLY early business success is teaching about business success. After separate bankrupt ventures in Velcro wallets and t-shrits, he started peddling how-to-get-rich books in the Amway pyramid, despite being unsuccessful himself. That eventually took hold and he started his education company. For me, it's a scam to sell knowledge you don't really seem to possess. Sure, the guy is rich now and dabbles in all sorts of things, but only after selling an idea that he was already successful which doesn't seems to be about as true as the existence of "Rich Dad".

382 people found this helpful

Multi level marketing

Don't waste your time and if you don't believe me, just do your own research on the author and this book before listening to it. I looked into it after I burned my audible credit and the content in the book raised some red flags.

109 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

93 people found this helpful