Rich Dad Poor Dad
by Robert T. Kiyosaki
Kiyosaki's contrast between the lessons of his educated father and his entrepreneur friend's father launched a franchise. The useful ideas, assets put money in your pocket, liabilities take it out, financial education matters, are real. The book's stories may be invented, its specifics are thin, and its later advice (and seminars) have drawn criticism. Read the principles and skip the sales.
Read it if…
you have never thought about the difference between an asset and a liability.
Skip it if…
you want actionable financial steps; the book is motivational, not instructional, and its author's record warrants caution.
Three things you will actually use
- Buy assets; limit liabilities disguised as assets.
- Learn how money works; schools did not teach it.
- Mind your own business, meaning build something that pays you.
Do this first
List what you own and label each as putting money in or taking money out each month.
Our verdict
A famous, flawed primer; useful for one distinction, risky as a guide.
Compare with other Money books
The Richest Man in Babylon
George S. Clason · Money
Short, quaint and complete; everything else is commentary.
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The Millionaire Next Door
Thomas J. Stanley and William D. Danko · Money
Dated in detail, durable in lesson; a healthy dose of reality.
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The Simple Path to Wealth
J L Collins · Money
Plain, reassuring and right; the investing book to read first and possibly last.
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