This is my last book review for today. I already went over The Millionaire Next Door and More Wealth Without Risk.

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money – That the Poor and the Middle Class Do Not!
Written by Robert T. Kiyosaki and Sharon L. Lechter C.P.A.

Rich Dad Poor Dad

First, to save time, here is the Amazon link so you can read all the tons of reviews over there. My reviews are very short and not nearly as in depth as what you can find on Amazon.

I would first like to say that I really liked this book. There were some areas of real estate investing that I didn’t totally agree with and had some risk involved that I am generally not willing to take, but I really like the way this book read and the way it was structured. It was smooth and entertaining.

I do find this book helpful. It will benefit many of us out there who aren’t all that financially literate. It gives the necessary boost to those of us who might not quite know what to do next. This book clearly lays out the thought process of what makes a person an “investor, entrepreneur, take charge of your own life” kind of guy/gal as opposed to a “work for someone else all my life” type of person. As much as I agree with the entrepreneurial spirit, I also want to say that we need people who are willing to be good employees. The world is full of leaders and full of followers. That’s a good thing. I suppose this isn’t the book’s problem because it was written for the entrepreneur in us, not the employee.

Regarding real estate, the author seems lo love it. I’m not so in love with it. While it can make people very wealthy, it can also send you to the poor house, no matter how good your intentions. I think people need to know their limitations and intelligence level before getting into things like this. I suggest real estate investment trusts (REITs) for the average investor. It’s a heck of a lot easier than getting in way over your head with some potential investment property. My philosophy is to let other people work for me. I try to avoid remodeling ratty old bathrooms and not getting rent checks from lousy tenants. If you disagree, please speak to someone who has worked in the industry.

Overall, this was a good book. It you need a kick in the pants to change your life, give this one a shot. I have actually purchased another book in the Rich Dad series that I will share on this blog.

In the meantime, take a look at this video review on Rich Dad Poor Dad:

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