Kiyosaki will tell you some things you don't want to hear. He is controversial. So is Donald Trump. Rich people are always controversial, but who are the people that make Kiyosaki and others controversial? Certaintly it's not the wealthy. The wealthy agree with Kiysosaki becuase that is how they became rich.

Kiyosaki tells us that a house is not an asset. I have to admit that I had a problem with that one myself. I a lways felt that real estate was the one safe have out there and like most, was taught by parents and other early mentors that a house is an asset. Then I got a house and found out that Kiyosaki is absolutely right and so were my mentors. A house is not an asset for the buyers, people like you and me but it certaintly is an asset for the banks, real estate agents, insurance people, the local government who wack you with high city taxes and so on.

The biggest problem is that many people think that a big house is a symbol of wealth. It is a symbol of wealth to the bank. Most people tyupically take out 30 year mortgages. How much do you think banks make on that while you are paying for the equalivent of three house payments over time?

Conventional wisdom tells us to get a great education and you'll get a great job. Well it started in the Clinton era and has been escalating ever since---downsizing. People who spent tons of $$$ on a college education, invested years in their jobs being servants to their employers and for what, to be downsized?

And then there is the typical way that people invest. Conventional wisdom tries to tell us that we can't do it on oour own. We need brokers (so named because they make us broker with their advice) or other financial advice. Those who do try it on their own usually get bad advice and go to deep, deep discount brokers looking for the lowest commissions or on the other end pay fees for loaded mutual funds which are supposed to be better managed (HINT: They are not!)

Kiyosaki offers a newer, better, more effective way. Unfortunately like some others who have come before him, Kiyosaki has stepped on some toes, the very people who are using your ignorance for their bliss.

Rich Dad Poor Dad is a life changing book. It is highly recommend for anyone who really wants to survive the new millenium.

I highly recommend Rich Dad Poor Dad, Rich Dad's Guide to Investing and Rich Dad's Success Stories (prooves that Kiyosaki's naysayers are wrong as usual)

Good luck!


Not for Harvard graduates   May 24, 2003
 753 out of 761 found this review helpful

This book is definitely not for Harvard graduates. Typical Harvard graduates are too busy updating their resumes and pounding the pavement trying to find a j-o-b just like the one they just got downsized from to benefit from a book like this.On the other hand, for people who are willing to be changed; are sick and tired of the rat race; tired of paying for somebodyelse's dreams; tired of having their boss determine how many sick days they deserve or how many vacation days they can take will enjoy and benefit from this book. I also recommend Loopholes of the Rich and The Business School for People who like helping people.Slams at network marketing people by 1 star reviewers are predictable and stale. Question 1 stars: How is your lifestyle? What kind of car do you drive? Where do you go to vacation? How much did you pay in taxes last year?The investment advice is also right on. Just talk to all of the people who are losing money following conventionable advice.A house is an asset? Yes, if you are the bank. If you want to turn a house into an asset, it's very simple, do what banks do and become a real estate investor.As for that website that keeps getting mentioned here, if it really was that good there would be no need to repeatedly mention it here would there?RDPD is a OUTSTANDING book. I highly recommend it.My motto is: I'll do today what others won't so I can do tommorrow what others can't.The recipe is simple; just follow Kiyosaki's advice.


Title is a little misleading - good book   June 1, 2003
 735 out of 745 found this review helpful

I bought this book on the assumption that Kiyosaki's real dad was "poor." In fact, Kiyosaki's real father had a high income and all of the usual blessing of a rich person; big house, had a great education and so.

Kiyosaki's rich dad was the contrast. He made much less money than his poor dad. One difference--rich dad had more cash flow and fewer financial problems.

Poor dad depended on his job for income. Rich dad depended on real estate, stocks and other investments that provided a passive cash flow.

Some people feel that more money will solve their problems but as Kiyosaki explains, it's not how much money you have, it is how you handle it.

If your house is your biggest asset, you are in big trouble.
If your job is your main or even worse, your only source of cash flow, you are in big trouble.

If you think that a college degree equals financial success and wealth, you are in big trouble.

Since reading RD/PD, I realized that I was like Kiyosaki's poor dad. So were the people in my family. So are my friends. But when I looked around, none were doing that well financially. So I decided to change---made some new choices. Changed my core values towards a Rich Dad mentality.

Rich Dad Poor Dad is a excellent book that should be read by everyone who wants to reach financial success.