Saturday, May 23, 2009

Rich Dad Poor Dad- What’s it About?

Rich Dad Poor Dad- What’s it About?

Rich Dad Poor Dad is a book written by Robert T. Kiyosaki and Sharon L. Lechter, even though the book is told from Kiyosaki’s point of view the entire time. The book was self-published in 1997, but caught the eye of Warner Business Books and was re-published under their name in 2000. Since then, the book has sold millions of copies in the U.S. alone. The book is supposedly a great guide to financial advice, but there are mixed reviews on the whole subject. Some people swear by the advice in this book, but others will tell you that it’s all a bunch of circle-talk and self-help that isn’t any good.

According to what I have seen, the book claims that it’s not a get-rich-quick deal. Then, it talks of how the rich people have ‘secrets’ about how they got to their success. The most ironic part of the whole book is that you never really get around to figuring out the ‘secrets’ to success. You’ll hear the author’s back-story, a lot of chit-chat about how you’ll learn the lessons (while you’re supposed to be reading the lessons, mind you), and then you hear about how you can’t get rich by chasing higher income, but rather that you need to focus your efforts on buying assets that generate income. However, the lack of specifics can make anyone confused about how exactly they’re supposed to get rich.

His ultimate solution to your success in Rich Dad Poor Dad? More books, audio tapes, courses, and seminars, which of course are all sold by him. No wonder he’s wealthy. If he can convince even half the people who bought Rich Dad Poor Dad to continue learning with his products, he’s made his money for the year. And in case that’s not enough, this vicious circle of marketing even includes plugs of his book, Rich Dad Poor Dad in all of his other products.

What is there to learn from this review of this supposedly amazing book? It appears, my friends, that they only way that you are going to get rich is if you do like Kiyosaki did and create a book that promises infinite wealth, along with other books and courses that can teach people everything that they need to know about investing in ‘income-generating assets’. What are they? The book doesn’t say, specifically, so one can only hope that the other resources he sells might. Better yet, save your money and invest in starting a business of your own using ACTUAL information instead of circle-talk.

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