Book Review – Rich Dad Poor Dad – Robert Kiyosaki

Robert Kiyosaki masterpiece has entertained millions of people around the world. While the book has raised some factual controversies it is still an entertaining and educational read for anyone interested better understanding the foundations of financial success. What is interesting about the book is that initially nobody wanted to publish it so the author had to fund its initial release before it became a hit and was later endorsed by a major publisher.

One of the interesting ideas in the book is the concept not to work for money. Kiyosaki explores the concept that investing in our financial education is more important than staying focused on short-term money related rewards. He entertains the idea how he is willing to work for free if what he does will allow him to learn and accumulate knowledge that will pay dividends in the long-term.

Kiyosaki’s also emphasizes the importance of developing the discipline to think of things as assets and liabilities. He stresses the importance of cashflow and how money should be utilized to generate as much passive income as possible before spending it on things or liabilities that don’t necessarily add long-term financial value. There is also some criticism that he treat one’s home as a liability since it requires a mortgage payment which reduces cashflow, but as long as you maintain a critical eye and try to filter what is important for your particular circumstance, “Rich Dad Poor Dad” can prove to be a book of high practical value that can improve your decision making of how to handle money and investing.



Robert Kiyosaki has also developed the Cashflow game which is now available to play for free here