Robert Kyosaki – Rich Dad Poor Dad Review

I chose this book because of its catchy name “Rich Dad Poor Dad” plus its tag that reads “What the rich teach their kids about money, that poor and middle class men don’t!” Possibly it had to do with my deeply depleted bank account and the fact that that book claimed to educate something about money, which my parents didn’t have.

Robert T. Kiyosaki writes this book and is a fourth generation Japanese American. While serving in the Marine Corps as a helicopter gunship pilot at the time of the Vietnam War, he then took a job with Xerox Corporation as a salesman and that’s when he invested in real estate and a few other commodities and eventually started a company that brought nylon and velcro wallets on the market. Mr. Robert now runs a business and educational company, known as Cashflow Technologies, Inc.

Ralph H. Kiyosaki, Robert’s father, was the Hawaii State Manager of Education. He was also a highly educated man from Stanford University and is referred to as “Poor Dad” in this book. The man referred to as “rich dad” is a neighbor who has never done eight degree owned warehouses, a construction company, a chain store and three restaurants. While “Poor Dad” advised Robert to work hard at education in order to earn money, “Rich Dad” has taught Robert how money can be invested with the intention that he will not be subject to the nine-to-five job restrictions. .

The book has all the different lessons about money that Robert’s adviser “Rich Dad” has taught him. The “rich dad” was very rich and educated Robert on how one can get rich and stay that way. The contrast in the attitudes of the rich and the middle class towards money is further reinforced by the teachings of “Poor Dad”, who have typical middle class ideas about money. But the “poor dad” earned enough to pay taxes and own a house, despite being highly educated and working for the government.

Mr. Robert says that his main reason behind this book was to teach financial education to people who are not blessed to have a “Rich Dad” to enlighten us on how to invest our money properly. He also argues that this educational system makes us financially useless and allows wealthy corporations and the government to use us for money due to a lack of monetary education. He presents many valuable insights on money management, which he gained from his “rich dad,” as well as from his personal knowledge.