Which, I know this was written two decades ago, but still. Oh and he lists one of his heroes as Trump. The conclusions don't always match the logic, and for all the story-telling and reminiscing he does about his childhood, there's not much heart in this book. The writing style is slow, repetitive and somehow, convoluted. Make no mistake, the Rich Dad in Kiyosaki's life is an asshole through and through who gets treated like a tough-love guru because he's successful. He frequently talks about how his Rich Dad made money on taking advantage of folks that 'didn't know better except to work in the rat race.' Ignoring the dignity in all work, and instead placing great pride in winning a competition others don't know they're playing. Kiyosaki is seemingly immune from considering people of any disadvantage-moreover he really has nothing to offer them and no care for them. My problem is entirely with the package it's delivered in. (Note he primarily talks investing in real estate and stocks, but also discusses his practice of bringing companies to their IPOs.)

The point is pay your self first and buy true assets. Own things that generate money, whether that's in property or investing. Learn this and then focus on buying assets. So Kiyosaki comes across as, at best, obtuse and at worst, sort of morally reprehensible.Īn asset puts more money into your pocket. Part of being smart and hard working and ethical and successful is the ability to recognize when you've had a bit of old-fashioned, good luck. We're not equally talented, we don't equally have access to education or safety, we don't equally have opportunities & we aren't equally lucky. This mentality comes from a place of such enormous privilege. At one point he writes: 'The poor are poor because they choose not to be rich.' I just want to rage at bullshit like this. That 'if you just tried a little harder you wouldn't be poor' privilege, that I've grown to be so exhausted by. It carries a very boot-strap perspective.

I enjoy it.įrequently these personal finance/personal investing bestsellers carry gems & one-liners that are valuable even if I disagree with some of the mechanics, but this book didn't even have those. Normally, I love reading this kind of book. I've helped folks get out of debt, manage their monthly budgets, dream big-I love the teaching from finance geeks like Dave Ramsey & Susie Orman who teach practical and sensible help. I've been investing & teaching personal finance for about ten years.

Robert t kiyosaki father