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Book Review: Rich Dad, Poor Dad, by Robert Kiyosaki

Kiyosaki Teaches You How to Build Wealth in Rich Dad, Poor Dad

By , About.com Guide

Rich Dad Poor Dad book cover

Book Title: Rich Dad, Poor Dad Compare Prices
Author: Robert Kiyosaki

Readability: Easy to Read
Technicality : Great Entry Level Material
Provides Practical, How To Knowledge On: How you need to think about the process of building assets vs. the process of creating liabilities if you want to build true wealth.

Summary: Rich Dad, Poor Dad will help you reshape the way you think about what you do with your money. By the time you finish the book, you will be able to evaluate your own thoughts and habits surrounding money, and determine what you will need to do differently to accumulate wealth.

Robert Kiyosaki does a great job of helping you understand that rich people are rich because they buy assets that produce income. Poor people are poor because they accumulate liabilities and expenses. In order to become wealthy, you must spend money accumulating income producing assets such as real estate, businesses, stocks and bonds. For anyone who plans to accumulate wealth, this book is a must read.

Downside: Although Rich Dad, Poor Dad gives you a great big picture view of how to accumulate wealth, the book does not give you the practical “how to get started” details. To apply Kiyosaki’s advice, you will need additional educational material on how to get started, or get better at, investing.

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