Robert T. Kiyosaki and Sharon L. Lechter
Kiyosaki tells a folksy tale of his own dad, a well-educated but financially inept educator, and his childhood friend’s dad, a low-profile money-making machine. Rich Dad, as Kiyosaki calls him, took young Robert and his friend under his wing, teaching them Kung Fu-style to make money. Grasshopper, er, Kiyosaki, passes that wisdom to the reader in the pages of “Rich Dad, Poor Dad”. Maybe “passes” is the wrong word, because he never quiet gets around to telling us how to make money. Presumably the specifics are in the other Rich Dad books, games, and seminars which can be had for some of that money that Rich Dad taught Kiyosaki how to get.
I’m tempted to say that the best thing about the book is that the response in this Web page, which not only shreds Rich Dad’s wisdom, but questions his very existence. But the book is entertaining and it does make a few interesting points. For instance, the rich clearly have a different attitude towards money than do the poor and middle class. My own experience (knowing a couple rich people, not being one) is that the rich think beyond “get a job that pays good”, while the rest of us are locked into that one model of making money. Kiyosaki points touches on this difference in attitude, but his most interesting point is “buy assets, not liabilities”. OK, as financial advice, it’s just barely above “buy low, sell high”, but it does make a person think about the nature of their earning and spending. He also makes a good point about listening non-emotionally to people you disagree with because you might, Grasshopper, learn something in spite of yourself.
“Rich Dad, Poor Dad” is a fun read, mildly motivational, and contains a few grains of wisdom, but a reader will probably learn more about the “secrets of the wealthy”
from “The Millionaire Next Door“.