Robert T. Kiyosaki's Rich Dad, Poor Dad
BookMattic's Rating 3/5
Goodreads Rating 3.8/5
Robert T. Kiyosaki's 'Rich Dad, Poor Dad' starts out as a story and gives few examples throughout half of the book about how you can become rich. This book is still a tool that you can use for learning about Robert T. Kiyosaki's way of teaching and also about how he personally grew up and eventually became successful. There are a lot of general statements about how to become wealthy, how to get out of the 'rat race', but most of the specific suggestions come in the last 70 pages or so of the book. The biggest message of this book is that in order to become wealthy you need to build up your asset column and in order to do that you need to soak in knowledge of the area you're interested in then take action.
Rich Dad, Poor Dad is easy to read and at parts comical, but for me as a financial book lacks some specific details. Obviously the poor, and middle class can't be spoon fed information on how to become rich and that's one of this book's points is that in order to become successful people need to take action. Poor and middle class people are usually the people that are afraid to take action on something they consider risky because it involves money, but when people have knowledge about what they're investing in it makes the risks much lower. That saying, a person with little knowledge shouldn't just go and invest in something they know nothing about. One of the very first steps to becoming successful is knowledge, the second is practice and action.
As you read Rich Dad, Poor Dad you'll find out that everything has risks. A rich person takes risks all the time but is not afraid of doing so because the risk is very low for him/her, and even if they fail they know it'll be all right because failure is a learning tool. Failing helps people to not make the same mistake again. It's also used as a motivational device for other people. In order to build your asset column you need to be ready to take the risk and a chance of failing. You won't learn or become financially independent unless you start taking action. Start taking educated risks. Don't be a loser in the rat race, get out of it. Be a winner.
I suggest this book for people who are looking for inspiration to get out of their daily rut. If you already know a lot about finance it would be better for you to get a book that's more specific to the area you're interested in.