expr:class='"loading" + data:blog.mobileClass'>
Knowledge of our past is our inheritance. What we do with that knowledge will shape our destinies...

Wednesday, August 27, 2014

Book Review: Rich Dad, Poor Dad by Robert T. Kiyosaki

Rich Dad Poor Dad is a non-fiction book about how most people don't know anything about financial independence and how you can obtain it. It really has very little to do with writing, but as writers, our income is often tenuous, so I found the information in this book most intriguing. 

Audio Book: I actually listened to the audio book of Rich Dad Poor Dad. This was really the first book I'd listened to beginning to end as audio. I have about a 12-15 minute commute to work, which means about half an hour of listening time each day. This book was only about 5 hours long, so it didn't take me a terribly long time to get through it. The narrator was good, if perhaps a bit bland. I don't truly have any qualms about him, except to say that if Robert Kiyosaki himself had been the one read the book, it probably would have been much more animated. That said, I would recommend this as an audio book. It's fun to listen to and not at all hard to follow.

Plot: Robert Kiyosaki tells about he had two dads growing up. One was his biological father, who was a teacher, and struggled most of his life with his finances. The other dad was actually his best friend's father, who was like a second father to him. His rich dad was wealthy and always had plenty of assets and never wanted for money. 

When Robert and his best friend were children, they went to the man Robert later referred to as his rich dad and asked him to teach them how to become rich. Thus began a lifetime of teaching about how to think about money, the habits rich people have that the poor and middle class do not, and what simple things can be done to ensure never having to worry about money.

Content: Now, this book doesn't go into much detail in exact strategy. For example, he talks about investing in the stock market, but there's not a step-by-step guide to investing in stocks or anything. This is more general information to help you get an idea of some things that can be done to get started. Kiyosaki has other books and things that go into more detail, depending on what you want to learn from him.

That said, books are actually a great example of an asset. If you can build a body of work, you can keep selling it and make money on your books for years to come. So, while many of us may have a long way to go, but just the fact that we are all working toward these kinds of assets shows that we may just be ahead of the curve already.

Overall: I found this book tremendously useful, and I plan to get more of Kiyosaki's books to read. I'd like to start following a few of his strategies. If you're interested in ways to become financially independent, this book is for you! I'd recommend it to just about anyone. 

Has anyone else read Rich Dad Poor Dad? What did you think of it?


  1. This book is fascinating. I love his point about the millionaire next door.

  2. Me too, Maurice. I loved it, and I'd like to read more of his books. :D