Rich Dad Poor Dad by Robert Kiyosaki - Book Review

First published in Rich Dad Poor Dad by Robert Kiyosaki is a personal finance and investment book. The book teaches you how it is necessary to have a education but not necessarily a school education. He tells the story of his two dads, one being his actual dad who is poor and the other being his best friends dad who is a multi-millionaire, and he tells us the lessons he learned from both of them.

Robert T. Kiyosaki is a best selling author, motivational speaker, invester and businessman. He has written over 15 books having sold over 26 million copies. He has also created his own 'Cashflow' board game and he has also created his own range of CDs and software in his 'Rich Dad' series.

Robert Kiyosaki gained major popularity for his books and his teachings. Will Smith said in an interview he was teaching his son about financial responsibility by reading this book. Oprah Winfrey endorsed this book on her show while billionaire Donald Trump co-wrote some books with Mr Kiyosaki entitled Midas Touch and Why we want you to be Rich

In April 2012 Robert Kiyosaki filled for cooperate bankruptcy after losing $24 million and ordered to pay it over to the Learning Annex founder, Bill Zanker. Apparently Bill Zanker made the brand blow up and increased its popularity to what it is and when it came to paying up Kiyosaki never did.

The book tells us about Kiyosaki's upbringing in Hawaii, USA and his personal story. It also teaches us the difference of upbringing of how rich parents would bring up and their children and how poor parents would bring up their children. He explains the difference between assets and liabilities and He goes on to tell us how rich people get their money to work for them while poor people work for their money. He explains all about the basics of finances while also writing in a great style.

Robert has a great way of writing while mixing in anecdotes about his personal life and other peoples lives and also mixing in great lessons along the way.

The author tells us the importance of entrepreneurship and investing. The book focuses on investing and he tells us how important it is to invest in various different things such as real estate and the stock market. Starting off Robert Kiyosaki had great difficulty getting the book Rich Dad Poor Dad published because all the publishers were turning him down while even Barnes and Noble initially refused to stock the book. Slowly it was picked up by the NY Times Best Seller List. Kiyosaki also contributes part of his success to radio appearances and public speaking.

However many people claim the book is full of inaccuracies, wrong information and unrealistic expectations such as start investing from a really young age. He does teach us that the education system is flawed as they don't tell you how to take care of your personal finance.

Throughout the book he contrasts what his poor dad says to his rich dad. For example, if his poor dad say "Love of money is the root to all evil" but his rich dad says "The lack of money is the root to all evil", he follows his rich dads advice and makes money but says his poor dad was morally correct.

If you found this review interesting then please buy the book from Amazon.

I Will Teach You To Be Rich - Ramit Sethi Book Review

 

Books with the title that involve 'how to be rich' usually are used as a marketing trick to lure people in with the book title. But I Will Teach You to be Rich: No Guilt, No Excuses - Just a 6-week Programme That Works is a book that is different and promises to be different from all other 'get rich quick' books. The basis of this book is personal finance including wealth management, investing, saving and budgeting.

The author of this book Ramit Sethi is a personal finance advisor and entrepreneur who is also the owner of the blog with the same name. Sethi graduated with a degree in Science, Technology and Society from Stamford university. The book become a New York Times Best Seller and was published in 2009.

Sethi teaches you how to manage your money as well as saving. He teaches you how to save properly and accumulate money through saving. He teaches you all the basic principles of finance and all the terms. If you don't know the difference between 401K and IRA, he will tell you!

There are some useful things included in the book I Will Teach You how to be Rich such as the personal money management system and how to set up automatic bill payments. As well as telling ou about all that he also tells you how to get your savings to work harder than you do and explains all about taxes

Now this isn't like one of those books that tells you to ditch your daily Starbucks coffee fix for 7 years and after that you should have enough money saved up. Instead it is spilt up into different sections and is meant to be used as a 6 week program. Week by week he will teach you how to;

Week 1 - How to use your credit card to your advantage and learn how to get those expensive fees waived.
Week 2 - How to set up bank accounts that are high in interest and wont cost you a penny to make. He actually gives you the most banks that give the highest interest rate and the banks he uses.
Week 3 -  In this week he shows you how to invest and the different things you need to do to invest, he shows you can do it with as little money as possible.
Week 4 -  Learn how to make your money stretch more and make your money go to the right places while also figuring out how much you spend.
Week 5 - Automation. Put everything on automatic, in this section he show you how to link everything together and create an infrastructure that will never fail.
Week 6 - In the final week he tells you why investing isn't the same as plying in the stock market and how to exploit the market.
Ramit Sethi tells us how you don't have to be a rocket scientist or you don't even need more money than Donald Trump to get started. In fact he tells you how to get started by spending next to nothing. If you just implement half of what he says in this book, you will see results.

The thing is this book is intended for the American market so it will help tax laws according to America and not any other country. So you will have to use your own countries tax laws if you live in a country other then America.

Getting this book might not change you life but it will certainly increase your financial knowledge and stop you from falling from a financial pitfall. This book does have a bold title and makes a lot of claims however the title looks like a marketing ploy designed to get people to buy the book. The book contains a lot of good advice and we recommend this book as it is very helpful and will increase your financial knowledge.

This book certainly isn't a scam

You can learn more about this book by visiting Ramit Sethi's website at www.iwillteachyoutoberich.com . If you liked this article then please share it with you friends and on all the different social networks. To purchase a copy of Ramit Sethi's book please click here