Preview

A Book Review on“Rich Dad Poor Dad”

Good Essays
Open Document
Open Document
414 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A Book Review on“Rich Dad Poor Dad”
A book review on“Rich Dad Poor Dad”

Author: Robert T. Kiyosaki
Title: Rich Dad Poor Dad
Theme: The importance of the financial literacy
Thesis: What the Rich teach their kids about money – That the Poor do not.

“Rich Dad Poor Dad” by Robert T. Kiyosaki is very popular book on finance on the market today. This is a true story from the author’s life. Robert Kiyosaki refers to two fathers: one is Roberts’s real father (Poor Dad), a highly educated but poor professor, who always asked him to study and get good grades, left his family with nothing. And the other is the father of Roberts’s best friend (Rich Dad), a businessman who became one of the richest men in Hawaii and left his son a lot.

Kiyosaki uses the story of these two dads and their different way of teaching to illustrate the need for being financially independent in order to achieve success in the professional sphere. His main goal is to teach people financial literacy and show them how to handle their money in a right way.

This book consists of six lessons given by the Rich Dad to the author. He teaches him priceless lessons on money and stresses that people should be free from the “rat race” and mind their own business. The central lesson is to learn how to make money work for you. Kiyosaki underlines that if you want to be financially independent, you should be financially literate.

So, it’s very easy to read. It tells us a lot about motivation, emotions, and teaches how to face the problems. Besides, this outstanding book will destroy the myth that you need to earn a lot of money in order to be rich. It will be interested and beneficial for people who want to have positive changes in their lives and who are tired of the “rat race”.

Actually, it is dedicated for parents who want to teach their kids about money. In addition the author presents different schemes of actions that help the reader to understand his examples more clearly. In

You May Also Find These Documents Helpful

  • Powerful Essays

    The “Richest Man in Babylon” is a book made up of a series of pamphlets that were written by George S Clason in 1926. These pamphlets contain a plethora of knowledge about finances and managing your wealth. Clason uses a series of tales that are staged in ancient Babylon to communicate his valuable ideas. The way that the applications of money handling are applied to these stories makes them engaging, but also very informative and practical. So practical, in fact, that they can be applied by those of modern day and be used to an even greater reward than they could almost 100 years ago when they were written. In the following pages, the most pronounced of Clason’s glorious stories will be summarized and evaluated so that every ounce of their worth and purpose can be seen.…

    • 1711 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Circus in Town

    • 387 Words
    • 2 Pages

    Chris Garder in “Happiness for Sale” struggled financially as he was a homeless single father. Chris’ determination did not let any obstacles bring him down, instead he found an objective that kept him motivated, such as “the beauty of the [Ferrari]” (7). He questioned the owner’s success, and from that point on, he wanted to become a stockbroker. Chris’ mind set was on one track, he knew his goals and his optimism kept his spirit alive to where he turned his business from a “two-story building that [looked] like a squat glass box” (4) into an entrepreneur who “favours suits and Maui vacations” (11). These inspirations are what gave Chris the strength that he held onto for guidance and led him to reach his goals in a modest way. Which now he shares his life story hoping others will take the opportunity to do good form themselves and others around.…

    • 387 Words
    • 2 Pages
    Good Essays
  • Good Essays

    This is an essay of exemplification from a professional author Adair Lara. From the title, it talks about money, and why and how it matters.…

    • 485 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In the end, money was not a problem. Richard worked, for himself, for his family, and for his dream. Richard, while working, also wrote the things he had done during his life as a hobby. He had done well leaving the communist group, because he began to see the world in an adult’s perspective, the depth of the world, and who he is as a person. He begun to write, from the knowledge he has received from the books and the people he met, he wanted to change his feelings into…

    • 782 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    assignment brief

    • 1185 Words
    • 7 Pages

    The purpose of this assignment is to: enable learners to 1) know ways to manage personal finance 2) know common financial products and services 3) be able to produce a personal budget that takes account of personal remuneration…

    • 1185 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Critical Lens Essay

    • 816 Words
    • 4 Pages

    The theme expressed in this story is the primacy family. Success is measured by the quality of family life. Making money and having a prestigious career are important, but not as important as maintaing a happy home undergirded with love. Walter's eagerness to live a life of wealth brought not only him but his family down to a poor financial status. His action had a consequence, and in this case he was not the only one to pay for it. However, the family…

    • 816 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Mgt 12

    • 1472 Words
    • 6 Pages

    This course is intended to give students a foundation in personal financial planning, budgeting and money management. Upon completion of the course, students should have an understanding of associated terminology and possess basic skills in personal finance and money management.…

    • 1472 Words
    • 6 Pages
    Good Essays
  • Better Essays

    In today’s capitalist society, no one is spared from the constraints of fulfilling one’s financial needs and obligations. Whatever your profession may be, whether you’re a doctor, lawyer, businessman, industry professional, artist, politician, whatever you are, there will always be some financial issue that needs to be addressed. Wouldn’t it be great to be able to get rid of these issues and move on to what you really want to do in life? Unfortunately, we cannot get rid of these financial obligations, however, there are ways to conquer them, all of which can be learned in the often neglected but mind bogglingly essential realm of personal finance.…

    • 2114 Words
    • 9 Pages
    Better Essays
  • Good Essays

    The Wealthy Barber Summary

    • 1140 Words
    • 5 Pages

    Money makes the world go around. It brings us joy, it makes us laugh, and allows us to live. Personally, I love money. In fact, I would love to have more money. Unfortunately, like many people, a month ago I knew nothing about finance or investing.…

    • 1140 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    b. The children see how much a particular boat cost, and they are all jaw-dropped and astonished. The children realize how precious money really is sometimes, and how scarce it is for people of their community to have what they own. Bambara states, poor people have to wake up and demand their share of the pie´ (13.) Therefore, the children learn that money does not just grow off trees. It does not matter the color of your skin or where you come from, people have to work hard for the things they want in life.…

    • 1181 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Debt Free Prosperity

    • 490 Words
    • 2 Pages

    The object of this book is to teach people how to manage their money in order to stay out of debt and plan ahead for the future. This book goes over several suggestions or "laws" but focuses on four main ones.…

    • 490 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Money management and financial planning is an aspect of life that everyone encounters. Despite one’s income or financial status, every adult and child has a concept of money and how to manage finances. Learning effective tips for financial success is very important to ensure future prosperity. For students especially, it is vital to be exposed to money management advice to learn and adopt good spending and saving practices early in life.…

    • 644 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Canada Financial Literacy

    • 712 Words
    • 3 Pages

    There is a growing concern about the level of the financial literacy among Canadians. A survey conducted on behalf of Financial Planning Standards Council (FPSC) found 42% of our population has extreme financial anxiety, partly because a majority of them are unaware of even the most basic economic concepts, this is unfortunate because the key ingredient to a stable economy is having an informed user. Although learning about aforementioned topic does not guaranty a solution for a pecuniary situation knowing the fundamentals of finances inside and out will indisputably assist your finances. Primarily, Financial comprehension is one of the key components to our economy without it we could not function as an entirety. Furthermore, younger individuals…

    • 712 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Consumer Debt

    • 1067 Words
    • 5 Pages

    Over two thirds of people under the age of twenty four realize they do not know enough about finances, and are losing money because of it (Norvilitis). The reason young adults lack this knowledge is because schools rarely have financial classes. Even if such classes are offered, students see few reasons to take them, as getting accepted into prestigious colleges may require classes like math and science instead of those. Another problem is the parents, who do not teach their kids enough about finances and how they work. Children rarely seem to have the knowledge growing up about the importance of finances, saving money, and being cautious with spending your money. When it is not taught at school, it becomes the responsibility of the parents to assume that role, a role that many times is not filled. Without the correct knowledge, many children grow up lacking the thought of keeping track of their expenses, paying taxes, and putting money into…

    • 1067 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    A Cap For Steve

    • 1621 Words
    • 7 Pages

    Throughout the story, the power of money and pride has a large effect on the protagonist Dave, and changes his behaviour whenever money is apparent. Money is mentioned in the first sentence of the story, and is an important component throughout. It is used in the beginning to develop the protagonist’s character,…

    • 1621 Words
    • 7 Pages
    Powerful Essays

Related Topics