Wellzie05'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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wellzie05's picture
Posted on November 15, 2008 11:54 AM PST
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I'm a part time real estate agent and a client gave this book to me after he found out that I only sold real estate and didn't actually "invest" in it. Overall, the book is interesting, but a bit unrealistic in my professional opinion.

Rich Dad Poor Dad is written by a man that grew up with 2 father figures in his life: a "rich dad" and a "poor dad" and supposedly he analyzes both while growing up and writes a book on his findings--basically why one is rich and why one is poor.

Though the book does make a lot of good points, it encourages people to basically purchase real estate with someone else's money (through loans). While this tactic may have worked during the real estate boom, anyone that was using this book's strategy is undoubtedly hurting right now. All advice in this book is RISKY. If you are willing to take risks, I would recommend. If you prefer to play it safe (like me), I would read it with extreme caution.

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