Cover image for Rich dad, poor dad : what the rich teach their kids about money-- that the poor and middle class do not!
Rich dad, poor dad : what the rich teach their kids about money-- that the poor and middle class do not!
Kiyosaki, Robert T., 1947-
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Publication Information:
Paradise Valley, Ariz.: TechPress, [1998]

Physical Description:
182 pages : illustrations ; 23 cm
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HF5386 .K62 1998 Adult Non-Fiction Open Shelf

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Robert T. Kiyosaki learned early on that the real reason the rich get richer and the poor get poorer fix the financial savvy passed down from one generation to the next, rather than the money itself. RICH DAD, POOR DAD uses the author's two "fathers" -- one, an entrepreneur who mentored Kiyosaki, and his real father, an academic -- as models of two starkly different approaches to finance. Kiyosaki's many insights for individual investors include: -- How to raise capital for investments without going to the bank-- Why a high salary alone can't create real wealth-- Why "study hard, get good grades, find a secure job" is the most dangerous advice a parent can give

Reviews 1

Library Journal Review

In this solid collection of practical advice on how to become a millionaire, Kiyosaki (Rich Dad's Guide to Investing) adds to his rapidly growing library of well-received works on achieving financial freedom. Built on his number one rule of genuinely understanding the difference between assets (income-producing property) and liabilities (bank-owned mortgage), he reveals lessons learned from his "rich dad" (the entrepreneur father of his childhood friend), e.g., the rich do not work for money (money works for them), the rich mind their own business (not merely working at a profession), and invest time in learning financial literacy (mostly not learned in school). With the contrasting philosophy from his poor dad his own highly educated but debt-ridden, asset-poor professor father this approach clearly is head and shoulders above the gamut of countless other financial advice titles that merely focus on how financial tools work. The always crisp narration by Richard M. Davidson maintains attention to this important book, which all twentysomethings should be forced to listen to in its entirety. Be forewarned; listeners will have to acknowledge self-responsibility for their own financial problems that yet another, still higher-paying job will not solve. Without question, this is absolutely essential for all libraries. Dale Farris, Groves, TX (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.