Rich Dad Poor Dad

About the book

The 2001 paperback edition has around 266 pages. There is nothing unique about the paper used. It is authored by Robert T. Kiyosaki, along with Sharon L. Lechter, a CPA.
 
Contents

The first few chapters of the book contain lessons dad the author, Robert Kiyosaki, has learned from his 'rich dad'. The succeeding few chapters are about overcoming difficulties and on how to take the next steps towards financial freedom. 


Review

Like most young college graduates back then who were working as employees, I found this book to be very inspiring. It gives you a wake-up call by presenting the worst-case scenarios of being an employee and the best case scenarios of owning a successful business and having investments.

However, after some time, I, along with a lot of other readers, were disappointed with the quality of advice given in the book. In a way, it encouraged readers to quit their 'boring' jobs, build their own business, and face failure head-on.  Certainly, there is nothing wrong with quitting your job and building your own business.The capacity to face failure and recover from it is also important.  Anyone would agree with me that a person should have more than one source of income. If you lose your job due to a company downsizing or bankruptcy, you still have another source of income to sustain you through hard times. However, before starting any business venture, one should at least have a solid plan, and a backup plan. As to how to make that plan properly, one should find another book to read on.  












Difficulty Level = 1/5

Nonetheless, Rich Dad Poor Dad is a good read for those who are intimidated by terms such as corporate finance. It will give the reader the interest he or she needs to read more advanced finance books. 


Personal Rating = 4/5

For the benefit of the new working professionals, I recommend that they read this book, while they are working hard. After reading this book however, they should not quit their job as the book may imply. This book will serve as a good starting point to the subject of personal finance.


Related links

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!