Rich Snail

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Rich Dad, Poor Dad, by Robert Kiyosaki, for sure is a best seller. It sold millions worldwide. A lot of people recommend it, and it is more often than not a personal finance first read for many. My fiancée recommended it to me for a long time. I finally read it a few years back and the first thing which surprised me was how easy it was to read. Knowing that my English was not as fluent then, it was a good surprise.

Rich Dad Poor Dad advocates financial independence through investing. The reading is easy, the concepts are engaging, yet, there was always a tickling at the back of my head while reading it. I always felt it was too good a story to be true. Why was that?

Mr Kiyosaki’s philosophy is to reach financial freedom by purchasing income-generating assets instead of liabilities. Great idea. Who would not want to be earning money passively. The tickles started when he described a few of his accomplishments. They were too good to be true. The time he bought a property for $20,000 and sold it immediately for $60,000 comes to mind to most people who read the book.

Yet, like every book, there is some good in Rich Dad Poor Dad. It simply defines what an asset is, it advocates the value of passive income, and it reminds us the value of creativity in our lives. All three are important concepts and it is good that such a book help popularize them worldwide.

Is it enough to earn a recommendation? No.
Instead of Rich Dad Poor Dad you should read the following one: The Wealthy Barber. It teaches the same lesson, with the same sound concepts, but without any self-promotion ans salesmanship.

Interesting Reach Dad Poor Dad reviews
If I Were a Rich Dad - Slate
Review: Rich Dad, Poor Dad - The Simple Dollar
John T. Reed’s analysis of Rich Dad, Poor Dad - John T. Reed