Paul T. reviewed on 2/13/2010 + 4 more book reviews

I have listened to the tapes during my daily commutes and have heard the book in its entirety at least 3 times. The tapes are separated into 2 parts. The first part is a financial biography of the author, Robert Kiyosaki, who walks the reader through the lessons he learned as a child growing up in Hawaii from his "rich" dad. His "poor" dad is his biological father who keeps to the same wisdom that most of us adhere to - get educated, join a company with a good paying job, buy a home, and pay the taxman and lenders accordingly. The author's "rich" dad is the author's best friend's father who is rapidly building a financial empire of various investments and businesses.

The second cassette provides more detail about how the rich "make money" as opposite to the middle class and the poor "earning money". He goes into details about the concepts of assets VS liabilities, taxation, corporations, and the mind set needed to move away from the proverbial rat race.

Overall, the book does a good job in providing sage advice and stories to enhance the points that he makes. I do not completely agree with everything the author puts forth and if one has read "The millionaire next door", one will find some minor contradictions. For example, most real millionaires have made their money through good old fashion labor and by living below their means. "Rich Dad, Poor Dad" takes on more of a Donald Trump style of making money by passive investments. Still, Kiyosaki's has some great incite and I will end this commmentary with what I have taken away from the book - "Work to learn, not work to live"

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