#4 ROBERT KIYOSAKI “RICH DAD, POOR DAD”
Kiyosaki is probably best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Since the success of this book Kiyosaki has published several other books that are now part of a branded “Rich Dad, Poor Dad” series.
The basic premise of this book follows two different governing philosophies that of his “rich dad” (his best friend’s father) and his “poor dad” (his father). Robert Kiyosaki explained, “One was highly educated and intelligent; he had a Ph.D and completed four years of undergraduate work in less than two years. He went on to Stanford University, the University of Chicago, and Northwestern University to do his advanced studies, all on full financial scholarships. The other father never finished the eighth grade. Both men were successful in their careers, working hard all their lives. Both earned substantial incomes. Yet one struggled financially all of his life. The other would become one of the richest men in Hawaii.” Kiyosaki uses the story of these two men and their conflicting financial strategies to teach the reader a theory on how to become rich.
Kiyosaki’s teachings focus on generating passive income through investment opportunities, such as real estate and business. Financial leverage is described as an important tool that should be used to get rich. The goal of his program is to help you generate passive income from your investments to financially sustain you, thus creating financial freedom. According to Kiyosaki, the fastest path to create financial freedom is to be a business owner who leverages the time and talent of others or an investor who leverages the power of money.
How does Robert Kiyosaki’s “Rich Dad, Poor Dad compare?
The most important factors in the debtreliefedge.com 2009 Personal Finance Product Reviews are:
- Quality Content
- Easy to Understand
- Get out of Debt Guide
- Build Wealth Guide
- Value
- Tools
There is almost no information about how to exactly get out of debt and no debt tools.
Unfortunately Rich Dad, Poor Dad does not provide a concrete plan to build wealth. The information presented is a wealth building theory. It seems more like a motivational tool about money than anything. There is no clear, easy to follow step-by-step guide to build wealth. However the concepts taught are valuable such as creating assets like businesses, real estate, or investments that create reoccurring income. Critics of Rich Dad, Poor Dad challenge Kiyosaki that he has not proven his “Rich Dad” theory in the real world.
The book costs $16.95
Robert Kiyosaki’s Rich Dad, Poor Dad Dave book costs $16.95 plus shipping. Process your order takes 2 business days and standard shipping will take another 7 business days. “Rich Dad” is the name of the online membership program that costs $19.95 per month or $199.50 for a years membership. If you want to buy the book and the online membership it would cost you $216.45 plus shipping.
Debtreliefedge.com recommends Robert Kiyosaki’s Rich Dad, Poor Dad if you want to learn about wealth building theories and principles.
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