Review of Robert Kiyosaki's "Rich Dad Poor Dad"

References to Robert Kiyosaki and his bestsellingBasically, the key focus of the entire book can be
book "Rich Dad, Poor Dad" can be found insummed up in three words- assets versus
virtually every industry. From stock trading to realliabilities. The only way that you will ever acquire
estate to home-based businesses, entrepreneur'swealth is to acquire assets. We live in a society
and businessmen look to him and his books forthat relies on credit and we have a loan for every
inspiration and often times credit him for theirmajor purchase: cars, houses, vacations, even
own success. "Rich Dad, Poor Dad" is the story ofeveryday expenses. Robert Kiyosaki's advice is to
Kiyosaki and his journey from being a child ofsimply stop spending money that you do not
modest means to a self-made millionaire andhave, pay yourself first, and rethink purchasing
bestselling author of multiple books.that new purse or lawn mower. Instead, use that
As an entrepreneur myself, I have alwaysmoney to acquire assets that will generate
struggled with the development of a millionaireincome for you and then use that income to
mindset. I had been told by many that Robertpurchase your luxury items.
Kiyosaki's books could be a starting point in myRich people are acquiring assets while the poor
search for an attitude that would take me whereand middle class are acquiring liabilities. A person
I want to be financially. What I was looking for inhas joined the "Rat Race", as it is termed in in this
his book was a step-by-step guide on developingbook, when their expenses increase as their
the type of mindset necessary to take control ofincome increases. So, instead of making their
my financial future. What I got instead was amoney work for them by purchasing assets that
realization that for my entire life, I had beenwill in turn put money in their pockets, the poor
shaped and groomed to grow up and conform toand middle class spend their money on items that
society's standard of success: go to school, getdecrease in value over time. In order for a person
good grades, and get a good job with benefits. Ito leave the Rat Race and enter the Fast Track,
had done just that. I received a Master's Degreethey must first have enough income generating
with a 3.92/4.00 average and found a stable jobassets to cover their monthly expenses.
with good benefits. Unfortunately, although I fitIt seems simple, and to some it is. Unfortunately,
into society's standards of success, I knew thatthe majority of us, myself included, were trained
working for someone else and living fromin school to be employees, not self-made
paycheck to paycheck was not the life that Imillionaires. So, my only unanswered question
wanted for myself or my children.regarding this book would be "Is it possible to
Which brings me to the story of Robert Kiyosaki,develop a millionaire mentality when you are in
a man who was essentially raised by twoyour 30's, 40's, 50's, etc or is it something with
different fathers each with a very differentwhich you must be raised as in the case of
philosophy regarding finances. His biological fatherRobert Kiyosaki?" Personally, I read this book just
raised him as I was raised...education, job,previous to starting my own business and found
retirement with pension at 65. The father of hismy attitudes changing with each page I read. So
close friend Mike, whom Kiyosaki refers to as hiswhile I will never have the benefit of being raised
rich dad, taught him that the only way to be richby a man like Robert Kiyosaki's rich dad, I do
was to think outside the box and to use his mindbelieve that with enough drive, motivation, and
to generate income. Through a variety of jobs,guts, anyone can become a self-made millionaire. I
rich dad was able to teach Robert Kiyosakiwould recommend this book to any current or
invaluable financial lessons that would help him tofuture entrepreneurs.
make millions.