Beginner Investing – Rich Dad Poor Dad (Book Review)
Rich Dad Poor Dad
by Robert Kiyosaki
If your new to the world of passive income or a beginner investing for the first time, then it would behoove you take a few hours to sit down and read Rich Dad Poor Dad. Experienced investors and/or those raised under an entrepreneurial roof may already be introduced to most of these concepts, but nearly everyone will still find something new in these pages.
Robert Kiyosaki’s tale is that of his childhood and how he found himself torn between his own hard working college professor father and the father of his best friend, a self made multi-millionaire. This tale details more than just the struggles to balance the different viewpoints of the two male role models, it lovingly walks the reader through the major points that lead Robert Kiyosaki to his own successes in life.
Many of these ideologies and concepts were denied to the general population. Most of you will encounter the concepts of a ‘cash-machine’ for the first time and find your very beliefs challenged when Robert Kiyosaki breaks down the misconceptions about what wealth really means, and how one truly attains it.
The Cons:
As with all ‘guru’ literature, the details are sparse. Instead, this book weighs heavily in on the broad concepts while glancing over the details through examples that the reader is left to infer and relate with their own lives and experiences.
Robert Kiyosaki suffers from the ‘guru’ recipe. Meaning, he happened to make some hefty investments during a very fortunate time for investors and fell into huge profits through real estate appreciation. As with most gurus, if you believe you can mimic his footsteps to find formulaic success, you are most likely wrong. However, you can learn from those steps and apply them in different ways to help you find your own success.
The Pros:
Robert Kiyosaki spins a great tale in a very easy to read and comprehend manner. This book is very heavy with concepts for the unenlightened while maintaining a very entertaining and pleasant story. The sheer potential for this book to change your life outweighs any lack of detail or supposed recipe to riches.
The Conclusion:
Rich Dad Poor Dad stands a very strong chance to change your life for the better. Even if you are aware of most of the concepts, there is a real probability that you will still encounter something new and valuable. In short, if you have not read this book, do it. The sooner the better.
Tags: beginner investing, book review, Passive Income, real estate investing, rich dad poor dad, robert kiyosaki