Rich đa poor dad

     
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Since its debut in 1997, Robert T. Kiyosaki"s Robert Kiyosaki"s Rich Dad, Poor Dad has been a landmark aước ao personal finance books, a best-seller that has sold nearly 40 million copies worldwide.

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I first read the book baông chồng in 2000, when I was still a budding entrepreneur. I figured I would re-read it now that I have more experience under my belt. I also wanted khổng lồ see if it"s held up khổng lồ the thử nghiệm of time, & if I would lượt thích it as much as I did when I first read Rich Dad, Poor Dad. A lot has happened financially in the past 20 years, and I"m curious if some of Kyosaki"s predictions came true.
Our Rating - 8

8


While Robert Kiyosaki"s bestseller is recommended reading for starting entrepreneurs, this book does have some flaws. You should read this book just to lớn start thinking differently than the average employee, if not to lớn get motivated. However, take Kiyosaki"s advice with a grain of salternative text.

Read Rich Dad, Poor Dad

When I first read the book, I primarily liked how Kiyosaki viewed the world from a different perspective sầu. It got me to think differently about my business & investing than I had previously.

Kiyosaki seems khổng lồ be a polarizing figure: You either love or hate his work. The Simple Dollar Reviews of Kiyosaki"s work, for example, adds a lot of personal bias, & I don"t think that"s fair.

I try lớn take a more neutral viewpoint & will Review the book based upon my experience in the business world.

Rich Dad, Poor Dad should be viewed as a general starting point — an investment/startup summary, rather than a list of specific items to lớn vị as an entrepreneur.

Robert Kiyosaki emphasizes six key points throughout the book. These points — which differentiate between his “poor” dad (his real dad) & the “rich” dad that helped hyên underst& business & become wealthy — are:

The rich don’t work for money The importance of financial literacy Minding your own business Taxes & corporations The rich invent money The need to work to lớn learn và not to work for money

Good Points in the Book

Flawed Educational System

As Robert mentions many times in the book, our traditional educational system is flawed. Our education system is designed primarily lớn create employees and could be a negative sầu influence for an entrepreneur. As Kiyosaki mentions, he"s not suggesting that people skip higher education; he"s suggesting higher education does not assist with “street smarts.” Financial literacy is something that is rarely discussed in school, and if it is discussed, it is only at basic levels. Based upon my personal background, I"ve made this a personal focus & will make sure my children are well educated in this subject.

The cost of education continues to increase much faster than the rate of inflation. It"s becoming more clear our education system is broken. Robert"s statements about this topic are accurate.

Being an Entrepreneur Is Less Risky

The popular belief is that owning a business is riskier than working for someone else. In my opinion, owning a business gives you all sorts of self-reliance skills you would not get when working for someone else. If anything, with today"s “cradle to lớn grave” mentality, we are creating more dependent individuals.

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Owning a business has given me much more independence and many more invaluable skills I could still use if I were to lớn work for someone else. On a weekly basis, I now vì chưng things I used to lớn consider risky or could never imagine doing before owning a business.

Your Primary Residence Is NOT an Asphối

Over the years it generally has been accepted that your primary residence is an asmix. Robert flat-out states (I believe correctly) that your trang chính is not an asphối, since it does not generate positive sầu cash flow. The housing bubble & collapse proved this correct.

“Rich people acquire assets. The poor và middle class acquire liabilities, but they think they are assets.”

While rental properties have also gone down in value, if you focus on positive sầu cash flow, you still are bringing in money every month. Robert even states in his book that trang chính values bởi not always go up.

Pretty much all consumable goods are liabilities — something even I got tripped up with. Kiyosaki states you should buy investments that generate cash flow to lớn help pay for your “doodads.” I think this is a great way lớn look at how to lớn purchase your toys.

What Is an Asphối or Liability?

“An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.”

A load of Kiyosaki"s critics point out that this statement doesn"t follow general accounting standards. This is true, & Robert acknowledges this. The point, which many miss, is that you should be focusing on cash flow to lớn get wealthy.

“Wealth is a person’s ability lớn survive so many number of days forward… or if I stopped working today, how long could I survive?”

I still refer back to lớn this statement today & have devoted a few posts to lớn this topic:

Complaints About the Book

There are many reports that Robert"s “Rich Dad” does not exist & was made up. This is more than likely true, but there have been many personal finance books that are works of fiction. (The book Wealthy Barber comes to mind.)

The issue some people have with Robert is that he presents his book as a work of non-fiction when it"s not, và I agree with this complaint. I find it interesting that John Reed"s website puts down Robert"s work, but at the same time also sells Reed"s own work.

Robert does downplay the role of risk in the investment suggestions. This is somewhat accurate, but he suggests that you should fully understand your investments before diving in. Robert states that investing is risky only if you don"t fully understand what you are investing in.

Summary

While I still recommkết thúc this book, especially for beginning entrepreneurs, the book has some flaws. In my opinion, many topics he discusses hold the demo of time. But take some of what Robert Kiyosaki says with a grain of salternative text. It should be read, if not for the motivation, just to get you khổng lồ think differently than a salaried employee. I don"t love or hate it, hence the reason why I give this book 3 out of 5 stars.

If you vị decide to lớn read Robert"s books, I recommover reading only Rich Dad, Poor Dad & Rich Dad"s Cashflow Quadrant. Most of the other books are simply a rehash of these two books. I DO NOT recommover attending any local seminars.

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I will keep his book on my menu of best personal finance books for the primary reason to get you khổng lồ think outside the box.


Chuyên mục: Tài chính