Book Review: Rich Dad's Guide to Becoming Rich by Robert Kiyosaki

 

Rich Dad's Guide to Becoming Rich is a book by Robert Kiyosaki, a self-help author and entrepreneur. The book was first published in 1997 and has since become a bestseller, with over 40 million copies sold worldwide.

In the book, Kiyosaki shares his personal experiences and insights on how to achieve financial success. He argues that the rich get richer because they invest in assets that generate income, while the poor and middle class work for money.

Kiyosaki also teaches readers about the importance of financial education and the different types of assets available. He provides practical advice on how to choose assets and build a portfolio.

Rich Dad's Guide to Becoming Rich is a well-written and informative book. Kiyosaki's writing style is clear and engaging, and he does a good job of explaining complex financial concepts in a way that is easy to understand.

Here are some of the things I liked most about the book:

• Kiyosaki's advice is practical and easy to follow.
• He provides a good overview of the different types of assets available.
• He emphasizes the importance of financial education.
• The book is well-written and engaging.

Here are a few things I didn't like as much:

• Some of Kiyosaki's advice is quite risky.
• He can be a bit repetitive at times.
• He does not spend a lot of time discussing the risks of investing.

Overall, I would recommend Rich Dad's Guide to Becoming Rich to anyone who is interested in learning more about personal finance and investing. It is a well-written and informative book that provides readers with the knowledge and skills they need to start building wealth.

However, it is important to note that Kiyosaki's advice is not for everyone. Some of his advice is quite risky, and it may not be suitable for people who are not comfortable with risk. It is also important to do your own research and consult with a financial advisor before making any investment decisions.

In addition to the above, I would also add that Rich Dad's Guide to Becoming Rich has been criticized by some financial experts for being inaccurate and misleading. It is important to be critical of Kiyosaki's advice and to verify it with other sources before making any financial decisions.