Saturday, January 9, 2016

Rich Dad Poor Dad - honest review

Rich Dad Poor Dad is a book by Robert T. Kiyosaki

Get it now. 

It has a a 4 out of 5 star rating on Amazon with around 5000 reviews. This gives it some serious street cred.

I listened to the unabridged version on Audible.  First of all, unabridged means the whole book read just as it's written. I'm not a fan of unabridged versions but it's usually the only type available.

The Good:
  • The initial story about his 2 dads is priceless and awesome. 
  • The concept that the rich get richer and the poor get poorer is dead on.
  • The fact that real financial education is not taught in schools is 100% accurate.
  • The rich get richer because they make money, not just earn it. The money they do earn is just used to make more money. 
The Bad:
  • I'm not that interested in hearing about his shady real estate investments that made thousands in a day. He's been studying real estate his whole adult life.
  • He should be a little more up front that his largest income is from writing these books.
  • Most of the middle of the book is vague and anecdotal to the point of wandering a bit. 
The Awesome:
  • The concept of being good a bunch of stuff, especially selling, rather than awesome at one thing is profound. 
  • The concept of creating money from thin air is actually really good. Poor people earn a living, rich people make money from the money they earn. You don't need a high paying job to be rich. You need the correct mindset.  
  • Pay yourself first, then taxes, then your bills. Good stuff. 
In summary, this book get's a thumbs up from me. The 5$ invested in the book will pay you millions years from now.

Get it now. 

Tony D.

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