Rich Dad Poor Dad by Kiyosaki, Robert T 2nd (second) Edition (2011)

This book succeeded in its goal I think: to impress on me (ie, the reader in general) the value of being financially literate. And also to impress on the reader the almost universality of financial illiteracy.The writing is blatant and unapologetic, and all the more illuminating for it. Here’s one fabulous quotation:When the supermarket has a sale, say on toilet paper, the consumer runs in and stocks up. But when the housing or stock market has a sale, most often called a crash or correction, the same consumer often runs away from it.Kiyosaki writes excellently, and the book is short, but it would still have been better to be about half the length it is: the first 7 chapters are really good fun, telling the story of how two small boys (one of whom is Kiyosaki) are groomed by Mike’s (the other small boy) dad in the ways of business.The remaining chapters are much drier, formulaic checklists, which look good to dip in and out of as the need/interest arises, but are not particularly fun to read straight through.Definitely worth the read though. Take home message: you create value in your life. Do you want that value for yourself, your family and those you choose, or do you want to surrender the majority of it to some distant employer or government?Not covered in Kiyosaki’s book is any mention of ethics. He does not deal at all satisfactorily with the impression that his success (and the success of very many of the rich) is based off the suffering, ignorance and foolishness of others (it seems a large proportion of his wealth is related to foreclosure business, and dodgy training courses for the bright eyed but dim witted).So although I disagree with his (sadly absent) ethical stance, it seems there is a lot to learn from his ideas (essentially, deprogramming ubiquitous and counterproductive cultural assumptions around surrendering ones value creation to (frankly, undeserving) third parties, be they corporate or governmental), and I think there is almost certainly a very good ethical grounding behind wanting to promote financial literacy in the world at large.Perhaps he thinks it is okay to benefit from those who are not yet financially literate, by teaching them financial literacy as hard as possible. Sounds reasonable! With caveats and in theory, if perhaps not in practice :)Very interesting read anyway. Once again, I am reminded of five of Kahlil Gibran’s timeless words:Work is love made visible.Kiyosaki definitely provides some practical inspiration for that.(Also, thank you Guy for telling me about this book! :)(taken from my blog here: [...]

Very interesting book

On the original book said 25 years as personall finance book of all time but the book says 20 years and was so small

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I am not a book worm but I like the flow in this book. Very useful

Really enjoyed reading this book, it has a lot of wisdom

To small I was expecting bigger

Good book, eye opening