Title: Wisdom from Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and the Middle Class Do Not!
Author: Robert T. Kiyosaki
Published October 25, 2016
128 pages, Hardcover
ISBN: 9780762460991 (ISBN10: 0762460997)
Rating: 4.31
Overview
Get ready to learn the secrets of the wealthy with the mini version of the #1 Personal Finance book, Wisdom from Rich Dad, Poor Dad. Follow Robert Kiyosaki’s journey, as he shares the teachings of his two dads: his biological father and his best friend’s father, his wealthy dad.
Discover the mindsets and strategies that will help you achieve financial freedom, regardless of your income. Learn the differences between working for money and having your money work for you.
Take control of your finances and pave your way to success with the insightful lessons in this book.
About the Author
One of the most popular books in finance is Rich Dad, Poor Dad, written by Kiyosaki. It became a #1 bestseller on the New York Times list.
Kiyosaki also wrote two more books, Rich Dad’s CASHFLOW Quadrant and Rich Dad’s Guide to Investing.
Editoral Review
Wisdom from Rich Dad, Poor Dad by Robert T. Kiyosaki is a must-read for anyone interested in building wealth and financial independence.
Known for his bestselling book Rich Dad, Poor Dad, Kiyosaki is a renowned entrepreneur and financial educator. The book is a continuation of his previous work and offers readers valuable advice about money and personal finance.
The book is written in Kiyosaki’s signature style of simple, clear language, making it accessible to readers of all levels of financial literacy. The author provides compelling reasons why the Rich teach their kids about money and why the middle-class and the poor do not, weaving in his personal anecdotes and experiences to exemplify the practicality of his advice.
Wisdom from Rich Dad, Poor Dad is structured around eight lessons that teach readers how to become financially literate, how to turn their financial troubles into opportunities, how to increase their cash flow, how to leverage other people’s money to create wealth, how to invest in real estate, and how to build a business. Kiyosaki’s unique perspective and approach to finance make this book a standout in its genre.
The author brings to light the importance of financial education, which he claims is not emphasized enough in our current education system. He also challenges conventional wisdom about money and investing, including the traditional advice to save money to achieve financial stability.
The author incorporates historical and cultural significance to his work, drawing a parallel between current events and the lessons he shares in the book. He highlights how economic factors such as inflation, taxes, and changes in the workforce affect personal finance, and how individuals can navigate these challenges to achieve financial success.
The book’s strength lies in its actionable advice, which readers can apply to their financial situations immediately. Kiyosaki’s anecdotes and real-life experiences make the book relatable, and readers will appreciate the practical wisdom he offers.
However, the book does come with some limitations. Some readers may find the author’s unconventional advice difficult to follow, and the book may not be suitable for those looking for a quick get-rich-quick solution.
Additionally, some may argue that the book promotes a mindset that revolves around making money instead of finding fulfillment in one’s work. Overall, Wisdom from Rich Dad, Poor Dad is a valuable resource for anyone seeking to gain better control of their finances.
The book offers practical advice that readers can implement immediately, and it is an essential addition to any personal finance library. I would rate this book 4.5 out of 5 stars, based on the quality of writing, the relevance of the advice and its practical application, its historical and cultural significance, and its overall impact on the reader’s financial education.
