Book Review, Business, Personal Finance

Review: Robert Kiyosaki – Rich Dad Poor Dad

“Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.” – Robert Kiyosaki

Rich Dad Poor Dad (RDPD) was one of the first investing books I ever picked up. It was stacked on my uncle’s bookshelf and the title instantly caught my eye. I remember reading the back cover and thought WOW I NEED TO START READING THIS RIGHT AWAY!

Robert Kiyosaki’s RDPD is about: Money. Dollar bills. Cash. Moola. What we know, what we don’t know and what we should know about money. In RDPD, Kiyosaki takes the reader on a path down his life explaining lessons he’s learned from having two fatherly figures. He teaches the readers 6 lessons he’s learned, most notably obtaining financial literacy, minding your own business, making your money work for you and obtaining multiple streams of income. Kiyosaki concludes by explaining how you should overcome obstacles and get started at achieving your dreams.

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RDPD presents the financial lessons in a simple manner often using practical examples that are easy to understand. The lessons are not too far-fetched and are attainable, if applied properly that is. I found myself relating to many of the things Kiyosaki learned from his “Poor Dad”, especially the old saying of “stay in school, get a good education and you’ll be fine”. As soon as I finished my degrees, got that “good” job, I realised I was certainly NOT fine. I thus had to challenge myself to unlearn old ways that were instilled in me for years (and trust me, it was difficult).

RDPD is a well-written book that is every bit compelling as it is interesting. It’s a great introductory book into the financial world. RDPD is suitable for any reader above 15 years old (give or take a few years) and need not only be read once you enter employment. I would definitely recommend RDPD to anyone wanting to be able to manage their financial affairs effectively, particularly when it comes to realising what your assets and liabilities are. You are sure to re-evaluate your views regarding your financial affairs after reading Rich Dad Poor Dad.

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Know any other good financial books? Comment below 🙂

Recommended Reading:

  • Stanley & W. Danko – The Millionaire Next Door
  • Suze Orman – The 9 Steps to Financial Freedom
  • Jason Lee – Making Money Out of Property (South African Book)

Praise:

Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future.” – USA Today

Rich Dad Poor Dad is not about getting rich quickly. It is about taking responsibility for your financial affairs and improving wealth by mastering money. Read it if you want to awaken your financial genius.” – Zig Ziglar

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