Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences – his two fathers. This text lays out Kiyosaki’s philosophy and his relationship with money. -Amazon.com
Rich Dad Poor Dad is an interesting book in that it emphasizes that rich people tend to better prepare their children for financial freedom. Kiyosaki explains this theory by narrating his own story, and how he was lucky enough to grow up with two fathers. His biological father was a Superintendent for the school system were Kiyosaki grew up. His second father was actually his best freind’s father, who taught him everything he knows about business and money. It is a book meant for those without great financial knowledge, but who wish to learn more about personal finance, real estate investment, and eventually financial freedom. Unfortunately, Kiyosaki’s book has also come under some scrutiny. He never discloses how much money he has, nor gives a clear cut picture as to how he has become a “real estate guru.” The book also does not give many actionable plans, yet instead hopes for people to buy his other investment and motivational products. Despite this, it is a good read for beginners who want to learn more about making money work for them.
My Favorite Part: I really enjoyed how Kiyosaki focused on the fact that assets are things that bring money to you. This is a very important thing for people to realize if they truly hope to make money work for them, instead of having to work for money.
My Least Favorite Part: Robert Kiyosaki has come under some scrutiny that his “rich dad” may be a fictionalized character, which would substantially decrease the effect of the book. This is possible since he refuses to name the man, and no one in his home town of Honolulu has been able to identify him. If you would like to read more, please follow this link criticizing Kiyosaki’s book :http://www.johntreed.com/Kiyosaki.html
Joey’s Rating: 3.5 Stars