Rich Dad Poor Dad by Robert T. Kiyosaki 37 posts by 36 users

Posted: 06/17/2006 at 10:19PM

This is the first book that comes to mind, so I thought I'd kick this area off. Have you guys read it? What are your thoughts?

Posted: 06/18/2006 at 06:55PM

It was the first book I read as well, and to re-iterate what Emrah said it was definitely the thing that opened my eyes. It was very inspirational and brought my thoughts of money to a whole new level.

Posted: 06/19/2006 at 10:04PM

Like the other people have said the book was inspiring. It was also an easy read. It did not get in too deep, but it is worth reading to get you kickstarted.

I will give it 9 s

Posted: 07/19/2006 at 07:48AM

I agree with all of the previous posts. This was the first real estate book that got me motivated, although I purchased the Carlton Sheets course a year earlier. A year after educating myself and researching markets, I purchased my first deal in March of this year. I'm saving for my second and third hopefully by the end of this year.

Posted: 08/25/2006 at 07:59PM

prior to reading rich dad, poor dad - i never knew what a personal financial statement was. i did not understand how such a thing could apply to someone like me - a poor person. i did not fully understand how money can be made if you start to actually think rationally about it.

i still struggle with one thing - personally - i like to eat out. i like to take my fiance out. it's easy, fun and usually delicious. however, i do understand that for every dollar i spend on dinner out, i also spend twice that much in interest on my student loan per month. after reading rich dad, i started doing my OWN personal financial statements. i started calling my lenders every month to map out how i am doing in terms of creating a positive net worth. i have a long way to go, but i also have plans for investing and business operations.

it is amazing what you can accomplish, if you put your mind to it. 6 months ago, i was lost. just before i read rich dad...twice...ironically, i found the most important thing imaginable - the strength of Christ. now i realize that kiyosaki and Christ have about nothing in common, but through my revelations - i have come to understand that Christ rejoices when you work hard and push yourself. Kiyosaki is so successful because he has accessed his Holy Spirit - whether he knows it or not. anyone who is successful - if they have tried their best to be honest and run their investments/business with a sense of integrity - God is rejoicing. whether you choose to be a missionary, helping, living and dying with the poor - or you've purchased your private jet to fly to the special olympics to donate and raise 5million - your hard work is paying dividends that are not measured by greenbacks.

rich dad, poor dad - great book because it's understandable. he doesn't lay out a "strategy" - he tells it like it is and tells the truth about money!

Praise Jesus!

Posted: 09/25/2006 at 08:14AM

i took the tapes out of the library again and gave them to my bro to listen to.

he is now my partner, working on his contractors license and thinking of buying his bosses business - with over 80 clients.

again, the book doesn't lay out specifics, but it gets you thinking. not everyone gets it, but those who really read it and start DOING, soon realize how poor they really were prior to focusing on their financial situation.

rd, pd, just helps get you going. the rest is up to you!

Posted: 11/04/2006 at 11:44PM

I've read the book a couple times, and I agree that it is an excellent read. Though it doesn't give you the mechanics to success in real estate, it gives you the vision for it. As I have progressed on my own success journey I see the truth of it more and more. Wealth and poverty are created more from perspective and understanding than anything else.

Posted: 11/16/2006 at 01:12PM

Not a bad book for someone starting out, definitely gives you a basis for comparison. There was one statement in Rich Dad Poor Dad that made me start investing in a segment of real estate often ignored, tax liens. He said some of his assets are in tax certificates ("tax liens"). Looked it up on Amazon, bought the top 3 books and have been earning an average 14%-16% returns...better than my darn savings account. :-)

Posted: 12/06/2006 at 03:03PM

I just read this book (yesterday - I really JUST read it ) and I found it excellent. It is much better than a lot of the management books out there. I would suggest you keep in mind that this is not intended to be a book about REI. It is a book about attaining financial freedom and thinking like an owner, not a worker.

The author happens to have made much of his fortune in real estate and small caps, but there are other avenues he points out early in the book.
That said, his experiences are with REI, so that's what he utilizes to tell his story. I should mention that I was recommended this book by a gentlemen I am working with who is a franchise consultant, and he recommended it for the vision, not for the mechanics. My work with this consultant has nothing to do with REI.

As to whether the stories are true or not, I have no clue. But I can tell you that books like "Who Moved My Cheese" are (obviously) not true, but people flock to them because of the value they perceive in the message. This book is much the same, I think. Though I am inclined to believe the premise of the book is accurate, but certainly all the details (coversations, chidhood activities, etc.) have been embellished to create a readable story.

Posted: 02/20/2007 at 10:19AM

http://forums.biggerpockets.com/viewtopic.php?p=25455#25455

Like you wanna read a post about " Rich Dad Poor Dad"

Read this post. Take a look at this total retard named John Reed. Talk about one jaded son of a *****!