“Rich Dad, Poor Dad” by Robert T. Kiyosaki *

Rich Dad, Poor Dad
by Robert T. Kiyosaki
Page Count: 208
Who Should Read It: Anyone who can read AND think outside their box

There are enough pithy comments, powerful quotes, compelling challenges to established paradigms and controversial statements in “Rich Dad Poor Dad” to inspire a year’s worth of blogs. The book reads like a collection of writings, which it is, with certain thoughts being repeated, but written as if they were just being introduced. Still, I never got tired of reading any part of it.

It doesn’t take much effort to discover that the author is not in the same league as legends John C. Maxwell, Zig Ziglar and Jim Rohn when it comes to professional respect. Many criticize Kiyosaki’s ideas, the truthfulness of his stories, the validity of his philosophies and the lack of specific details. He is also criticized for his association with the network marketing industry (no surprise there.)

Personally I don’t care if “Rich Dad, Poor Dad” is a biography or a novel. I also don’t mind the lack of step-by-step instructions since I never intended to buy a user’s manual. I don’t even care how many of the ideas are brand new. If someone never heard them before, they are new. Based on book sales, they must be new for a whole lot of people.

I did question the wording and intent of some of his advice about corporations, taxes and investment techniques. I also had a distaste for his thoughts on greed and giving. The words he chose struck me that in his world, greed is a tool and giving is a ploy. Another read may raise other issues.

Here are a few of the ideas I felt added value to the book:

  • Financial literacy is not adequately taught in our schools.
  • The education industry is vested in a paradigm that favors jobs over so-called “riskier” career alternatives.
  • People are poor more often because of their spending habits than from insufficient income.
  • The importance of regularly feeding your mind.
  • The role fear plays in one’s life.
  • The idea that to be successful, people need to become effective risk managers.
  • The value of one’s time.
  • Pay yourself first.
  • Learn to make money work for you.

Because of the cloud some see over Kiyosaki’s head, it becomes necessary for the reader to separate the message from the messenger in order to see positive value in his book. On balance, I believe the mindset advice outweighs the negatives mentioned. I put this book in the asset column of my library.

God bless,

— CC

© Copyright July 2008, Clancy Cross. All rights reserved.
Read more “Clancy’s Quotes” at: ClancyCross.WordPress.com

Learn more at Amazon:
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money
That the Poor and Middle Class Do Not!

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