Rich Dad Poor Dad by Robert Kiyosaki: Book Review

February 09, 2017

Are you are tired of the never-ending month-to-month-cycle of waking up early for work, earn a paycheck, pay the bills/creditors, live off the rest then repeat? Do you have fears of losing your job or are jaded from living from paycheck-to-paycheck? Are you desiring to get out but don't know where to start?

I believe Rich Dad Poor Dad: What the Rich Teach Their Kids About Money -- That the Poor and Middle Class Do Not! by Robert Kiyosaki is a great place to start to learn money management. This book opens up your mind to the possibilities of gaining financial freedom. Rich Dad Poor Dad challenges conventional wisdom on how the world, especially the so-called-experts, thinks about money. 

Rich Dad Poor Dad by Robert Kiyosaki Book Review

On Wealth Building and Assets

This book has changed my perspective on how to build wealth: buy assets instead of liabilities, compared the traditional way of saving: investing in 401k, mutual funds, CDs (Certificate of Deposit), hoping that you'll get enough when you retire.

He defines assets as something that puts money in your pocket, so for that reason, your house is not an asset. You don't have to agree all the way, but I do to some extent.

"The rich buy assets. The poor only have expenses. 
The middle class buys liabilities they think are assets."

It's a classic book full of life lessons that are easy to grasp. I like how Robert Kiyosaki simplified complex concepts -- money, investing, finance, and economics that everyday people could easily relate to, even for young adults.

Where was I 10 years ago? I regret not acquiring this information in my early 20s, but it's never too late. I would definitely encourage my children to read this book to give them a head start in life.

Most of the examples used in this book are from his own personal experiences. I believe is the most powerful tool in driving your point home.

Robert Kiyosaki contrasts two ideologies from his poor dad and from his rich dad. One believed in earning a diploma, get a high paying job and job security while the other stresses the importance of gaining financial education and minding your own business -- that is, instead of working for money, let money work for you. His rich dad advised him to seek to work for what you’ll learn, not for what you’ll earn.

5 Golden Nuggets from Rich Dad Poor Dad Book

  • The poor and the middle-class work for money. The rich have money work for them.
  • One of the reas-ons the rich get richer, the poor get poorer, and the middle-class struggles in debt is that the subject of money is taught at home, not in school.
  • People think that more money will solve the problem and don’t realize that it’s their lack of financial education that is the problem.
  • There is gold everywhere. Unfortunately, most people are not trained to see it.
  • One of the hardest things about wealth-building is to be true to yourself and to be willing to not go along with the crowd.

Rich Dad Poor Dad Book Review

Overall, Rich Dad Poor Dad by Robert Kiyosaki is a fantastic read. I'm highly recommending it. This book is a great place to start to gaining financial freedom. Before I end this review, I would leave you with a thought-provoking question from the book.


How can I afford to never work again?

Want more? Check out Robert Kiyosaki's Rich Dad Poor Dad: What the Rich Teach Their Kids About Money -- That the Poor and Middle Class Do Not! below.

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  1. Hi,

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    Positive thinking is NOT enough to bring you wealth.

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    Kind regards,

    [Dr. Steve G. Jones]