Jsparking's review of: Rich Dad, Poor Dad: What the Rich Teach Their Kids about Money -- That the Poor and Middle Class Do Not!

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Rich Dad, Poor Dad: What the Rich Teach Their Kids about Money -- That the Poor and Middle Class Do Not! by Robert T. Kiyosaki
In Rich Dad, Poor Dad, Robert Kiyosaki explains how to make your money work hard for you instead of you working hard for money.... read more



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jsparking's picture
Posted on October 10, 2008 1:06 PM PDT
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Price Paid: $5.99
Recommends this product or service? No.
poor choice
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More than anything, I find this book a little troubling. Rather than revealing anything new or revolutionary, Kiyosaki alternates between spouting the obvious- 'Save Money!' 'Live within your means!' - and offering advice that ranges from bad to incorrect to dangerous.
For example, his IPO information is completely off. He points to failed business owners to *support* his points. And, unfortunately, most of his investment advice has to do with real estate, which, for anyone watching the news, isn't perhaps the gold mine people once pretended it was. Worse still, he acts as if his ideas are a sort of panacea- curing all the (perhaps well founded) ideas that people have accumulated about money throughout a lifetime, and offering a one size fits all approach to riches.

All in all, there are better books than this- pick up a thorough guide to investing, or a volume of tips on saving. It will definitely pay off.

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