I was never taught this as a boy and this book explains everything you need to know to retire with some money in the bank. Wish I had known or read this book sooner.

Rich Dad, Poor Dad written by Robert T. Kiyosaki published by PLATA
Publishing. Copyright 1997, 2011, 2017, 2022

This book comes with updates for today’s world and 9 study session sections.

I have seen this book sitting on shelves at bookstores for years and thought nothing of it until it was gifted to me. I read the book very quickly, because it is really easy to read and very engaging and thought provoking.

 

Robert gives two streams of thought. That of his real dad, who he calls, Poor Dad, and then his friend’s dad who he calls Rich Dad. His real dad says, “Go to school, get a degree, work in that field for “x” number of years and then retire with a pension.

The Rich Dad’s mentality: don’t go to college, you will go into debt for a field you might not get a job in. Start your own business. Work for yourself. Make your money work for you. Don’t work for your money.” I was always raised to get a job, work hard, and retire. I have worked a plethora of jobs for the last 30 years of my life. This book came at the right time.

Rich Dad, Poor Dad is strategic in its planning of making money work for you.

The book is full of Robert’s own life stories of successes and failures. His first venture into making money is hilarious, because he and his friend were actually making money. Counterfeit of course. He tells of how Rich Dad pushed them both to think outside the box and they eventually do and begin making money by lending out comic books that were discarded from the grocery store where they were both working.

 

The book is full of diagrams of how much of the American people spend or save money. He says that your house is not an asset, but a liability. Assets are properties, stocks, bonds, and CDs that are making you money not draining you of money.

 

Robert from what I could gather in the book goes to a church and gives tithes and offerings to that church.

There are other quotes and timeless wisdom that he gives throughout the book concerning money. I didn’t know much about money and then I read this book. This book was written for the sole purpose of becoming intelligent about money. There are a lot of people out in the world that are unintelligent about money, I was and am one of them. I am still learning about money.

We’ve heard according to the Bible, “The love of money is the root of all evil.”

This is found in the book of Timothy in the New Testament. Notice money isn’t the root of all evil, the love of it is. To the point where it becomes all-consuming and it becomes a “god” to you. Rich Dad, Poor Dad promotes giving to charities and to your church. He gives a lot away.

The Professor’s Commentary
I highly recommend this book. It can be referred to over and over again. I am glad
to see him intermingle faith throughout the book. Ultimately, money belongs to the
LORD and we should steward it well.
5 out of 5 Stars