Rich Dad Poor Dad Book Review
Rich Dad Poor Dad by Robert Kiyosaki is a book that I wish was around when I was still in high school. I have a feeling that it might have altered my thoughts on money and career way earlier than life did on its own, and given me a better sense of direction as far as how I wanted to be financially set by a much earlier age. In my opinion, this book is must reading by all high school seniors, and at the very least should be a part of every college’s financial curriculum.
Kiyosaki tells the story of growing up in Hawaii with his father and the father of one of his best friends. His father was an academic; his best friend’s father was a businessman. His family lived within lower financial means, and his dad had negative feelings towards those that had way more than enough money. His friend’s father had money, lots of money, and over the years helped teach Kiyosaki, through deeds and actions, just what having money could do for you.
Kiyosaki did what many of us did; went to college, got out, got a job and ended up in a career that he didn’t set out for. At some point he realized that he’d basically tossed away the lessons he learned from his friend’s father, his second “dad”, and decided to give up a lucrative job to find not only financial freedom but happiness.
In the book, he talks about overcoming five obstacles to financial freedom, even if one happens to be financially literate: fear, cynicism, laziness, bad habits, and arrogance. He gives examples of what he means for each of these. He also gives six lessons where he defines what separates the rich from the rest of us:
- the rich don’t work for money
- why teach financial literacy
- mind your own business
- history of taxes and the power of corporations
- the rich invent money
- work to learn – don’t work for money
This is a book of stories that Kiyosaki learned growing up. If you’re honest with yourself, most of these things apply to you in some fashion if you’re not already rich. Since he wrote this book he’s written many others and even created a game that caught up with lots of people called Cashflow. I didn’t purchase the game, but I have purchased a couple of follow up books of his.
I recommend that even if you’re not a high school kid that you read this book if you’re looking for a boost of financial confidence and education. If you’re thinking about buying it anyway, or even just checking it out, click on the book above and you’ll be taken to the Barnes & Noble page.