Have you read Rich Dad Poor Dad?

honestly four hour work week is a better book to read and re read several times ... kiosaki has good info .. but he did not become rich and stay rich untill well after he started teaching the principles of rich dad poor dad ..

i lost a lot of respect for kiosaki several years ago when i saw a video of him .. speaking to one of his students who was in financial ruin because the guy had lied about his income to buy investment properties .. and robert started out .. well at least you did something .. there was more to the video.. but though i have read his books i have never been able to listen to him or watch him on vodeo and not have me bs detector scream .

Tim ferris on the other hand wrote a book after he made money using his methods.. sold his company .. has 2 best selling books..and i believe he is /was an investor in twitter when it started ..

also in a recent post on this board there is a description of how the rich dad education company just filed for bankruptcy because of a 27 million dollar judgement against it from the learning annex ..

I bought it. I was not significantly satisfied with my purchase. Oh well.

Knowing techniques and necessarily being rich using them is not the same thing. No matter what you do, at least 50%+ of it depends on luck/the Universe in terms of the Law of Attraction, Law of Karma etc.

There are so many teachers who teach and make students millionaires. They have everything it takes but the puzzle is incomplete. It could be not taking action or it could be constant failures due to bad luck or something else.

It basically tells you to go and get an education about money which is really only one area in your life for a really inspiring read Napoleon hills Think and Grow Rich covers a lot more ground and is in it's own way quite brilliant

Rich Dad Poor Dad was the first book that I read that really opened my eyes and changed my perspective on the way I wanted to live my life and earn an income for myself.

It's a good book. You let me knew what is asset, what is liability.

Marcus

I read it too. It's a good book that motivate a lot despite simplistic advice.

I loved RD/PD, and was introduced to it, (and "The Cashflow Quadrant) like many others through network marketing. It was one of my first glimpses into how money really worked. For awhile I ran a Rich Dad group in Detroit, where we played the Cashflow game.

I read the 4-hour workweek too, but unlike the others mentioned above, I was not impressed. I thought Mr Ferris came across as cocky and obnoxious and basically was telling us to outsource everything for cheap so we could make a lot of American money. He did have some details on how to start a business, which RichDad lacked...since it was mostly philosophical than instructional.

Overall, though, I think it's a must have in any business library.

I've read it and continue to go back and read it again and again to remind myself of the things he talks about.

Yeah his first book, is totally awesome and a must for every entrepreneur. The key concept to take away from that book, is that you need to change your mindset, from the poor dad (his real dad who was a school administrator-employee) to the rich dad (robert k' s buddies dad, who lived in hawaii and build resorts on hawaii land-back then everyone thought this guy was nuts).

The rich dad had a mindset that went against traditional wisdom of go to school, get a job, and work for 40 years, retire on your pension, and instead focused on starting businesses and building wealth. He died with net worth of like $100 million.

Kiosakis dad, poor dad, died owing money and in debt. That is what he explains in the book, how to think like someone who makes money and builds wealth, like the rich dad.

It was a great book for me when I read it. It definitely opened my eyes when I was looking to change my financial situation. I think books like these are good depending on where you are at the time.

Before that I read Anthony Robbins when I was a bit bummed about life. It was great then.

I read think and grow rich, some parts were a bit too mystical and weird.

I read 4 hour work week in 1 day. It blew my mind at the time when I realized I could automate all the stuff I was doing and move to the next level.

Those books all changed my life at the time. I think they are great at the right time.

I'd say it's an awesome book.

People can always say x book is better, but so what?

What's better, a chocolate bar or a banana?

Who cares, they're both really good.

What I don't like about any of these books (including RDPD and 4HWW) is that they're good as motivation, they're great at getting people to realize that there's more to opportunities than a 9-5 job, but they don't ACTUALLY GIVE YOU EXACT, TANGIBLE steps as to how you could reach that freedom or EXACTLY what you should do to get started.

They just leave you there having NO IDEA how you should move on or what you should do next.

So yes, if you've never heard of terms like passive ncome or financail freedom, or don't know that it's possible to reach them, then yes, read one of these books.

However, if you already know about these things, but don't know what to do to achieve them, then you'll only waste your time... Instead TAKE ACTION on something you already know or buy a book or eCourse on how to get started that offers REAL, TANGIBLE, STEP-BY-STEP advice...

Just my opinion,
Steve

It's a good book. You let me knew what is asset, what is liability.

Rich Dad Poor Dad has been a great book for me. I've read it through over 5 times and some chapters I've read more. It has been life-changing for me. I like it because it clearly explains concepts and principles. The financial perspective it presents is for entrepreneurs not for 9-to-5-ers :-) and perhaps that's always going to be a group in the minority. It is not all you need to know of course. I went through 45 years of life, business school, and 15 years of corporate success before I learned some of the fundamental things about financial success. I credit that book with turning the lights on for me.

Rich Dad has its place because few know the difference between an asset and a liability. How often does someone refer to a car as an asset when all it does is depreciate and cost money?

I have listed to the audio, it's pretty good:

I have read rich dad poor dad but I think I am going to buy my 4hr work week today and read it. I have heard too much about it to wait.

I have not yet read the book you mentioned by RK.

Noticing you are into silver and gold precious metals. Good for you. I like.

LLS

It is a good book to start with, it is like being taught a whole new way in market world. I appreciate what Kiyosaki has taught.

I think it's a great book, and when it was originally published introduced some very counter-intuitive thinking. Up until it came out everyone thought your house was an asset. In truth, it is an asset - usually for the bank.
My eight year old daughter just started reading it because she saw a couple of 11 year old millionaires that credited the book with their success.
I don't think it's a manual on success, but certainly a great book covering the general concepts and must have in a library on success.

Rich Dad Poor Dad was actually the first finance book that I was exposed to. I'm so happy that this particular book was my first one because it explains things in a ver y simple way through using great comparisons. It changed the way I think about money, which ultimately motivated me to be financially intelligent and independent.