Rich Dad Poor Dad
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| Rich Dad Poor Dad | |
|---|---|
| Author | Robert Kiyosaki & Sharon Lechter |
| Country | USA |
| Language | English |
| Series | Rich Dad Series |
| Genre(s) | Novel |
| Publisher | Warner Books Ed |
| Publication date | 2000 April 1 |
| Media type | Hardback & Paperback |
| Pages | 207 |
| ISBN | 0-446-67745-0 |
| OCLC Number | 43946801 |
| Dewey Decimal | 332.024 22 |
| LC Classification | HG179 .K565 2000 |
Rich Dad Poor Dad is a book by Robert Kiyosaki and Sharon Lechter. It advocates financial independence through investing, real estate, owning businesses, and the use of finance protection tactics.
Rich Dad Poor Dad is written in an anecdotal manner and is aimed at creating public interest in finance.[citation needed] Kiyosaki and Lechter stress the advocacy of owning the system or means of production, rather than being an employee as a recurring theme in the book's chapters.
Contents |
[edit] Summary
The book is largely based on Kiyosaki's upbringing and education in Hawaii. The book highlights the different attitudes to money, work and life of these two men, and how they in turn influenced key decisions in Kiyosaki's life.
Among some of the book's topics are:
- the value of financial intelligence
- that corporations spend first, then pay taxes, while individuals must pay taxes first
- that corporations are artificial entities that anyone can use, but the poor usually don't know how
According to Kiyosaki and Lechter, wealth is measured as the number of days the income from your assets will sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses. Each dad had a different way of teaching his son.
[edit] Criticism
John T. Reed, an outspoken critic of Robert Kiyosaki, says, "Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice." He also states, "Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred."[1] Kiyosaki has provided a rebuttal to some of Reed's statements.[2]
In the February 2003 issue of SmartMoney magazine, Kiyosaki backed off his claim that his "rich dad" was a real person, instead saying, "Is Harry Potter real? Why don’t you let Rich Dad be a myth, like Harry Potter?"
[edit] Bibliography
- Rich Dad Poor Dad - What the Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not!, by Robert Kiyosaki & Sharon L. Lechter. Publisher - Warner Business Books / First published in 2000 / ISBN 0-446-67745-0
[edit] References
- ^ "Spare us the finance evangelists and their false profits". Sydney Morning Herald. June 4, 2004. http://www.smh.com.au/articles/2004/06/03/1086203560484.html?from=storyrhs. Retrieved 2009-06-18.
- ^ Robert Kiyosaki. "Robert Kiyosaki's Public Response to John T. Reed's Review of "Rich Dad Poor Dad"". http://www.mastermindforum.com/kiyosakiresponsetoreed.htm. Retrieved 2009-06-18.
[edit] External links
- Sharon Lechter's Home Page Lechter's official Web site
- Robert Kiyosaki Home Page Kiyosaki's official website
- Kiyosaki's official Rich Dad's Coaching
- Why the Rich Get Richer, Kiyosaki's regular column on Yahoo! Finance
- Possible Info on 'Rich Dad' An anonymous commentator posts that "Rich Dad" was Richard Kimi', of the Sand & Seaside Hotels in Hawaii
- "Why millions buy Rich Dad, Poor Dad's nonsense" from Slate
- John T Reed's analysis of the book
- Full summary of Rich Dad, Poor Dad
- (fr) Robert T. Kiyosaki : un maître à penser ?
