Rebeccadiva'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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Posted on December 27, 2008 2:14 PM PST
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Great motivational read, but not practical business advice
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While Robert Kiyosaki is a great motivational speaker and financial educator, the soundness of some of the advice seems questionable. In his book he talked about creating multiple income streams and starting your own business, while all of that makes sense on a theoretical level, he did not adequately address to readers the risk of starting and running businesses. Historically 90% of startups fail within 10 years.

While I think he gives an interesting perspective of money, and a lot of people are probably motivated to look at the lifestyle / spending differently, you should think carefully before starting your own business.

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