Rich Dad Poor Dad Book Review

I’m a big fan of reading books about finance, business, and personal development. I think all topics are extremely important for anyone that wants to be self-employed. This past weekend, I read Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not! by Robert Kiyosaki and really enjoyed it. It has been one of those books that I’d been wanting to read but never got around to it. Recently, while browsing the library, it was finally available.

It’s a small book (around 200 pages or so) so if you’re a fast reader, you can easily finish it over a weekend. The book starts out telling a story about growing up with his educated dad (his biological father) and his rich dad (his friend’s father.) The difference in beliefs between the two dad’s when it comes to money is what makes it a great book.

The educated dad believes strongly in getting an education, securing a good job, and retiring after 30 years. The rich dad knows that you won’t get rich working for someone else. He teaches about how to create ways to make more money without depending on a job as well as the importance of buying assets (stocks, bonds, real estate, etc.)

The book also goes over the mentality of most people when it comes to money and spending. I could relate very well as I am one of those who has spent plenty of money on liabilities rather than assets.

One of my favorite parts of the book was the section which covered corporations and the advantages of having one. I know there is some controversy surrounding the teachings in this book but overall, I thought Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money–That the Poor and Middle Class Do Not! was an informative read and good for everyone to read – not just those who wish to be self-employed.