First, Robert Kiyosaki, father of childhood and sense in which he grew up to break into his universe: rich dad, poor dad begins to do in the world of little Robert, 9 years old but already interested in his finances and seeking to become rich, beautiful precocity.
Rich father, poor father begins with a clash of cultures between a father genetic, kind of honest and formatted official (poor dad) and the father of his friend Mike, a textbook, without diploma but with the entrepreneurial fiber (rich dad) and who will eventually become his mentor. I do not know if these examples are real or fictitious, but it is possible to identify with one or the other quite easily.
The great theory of the book Rich dad, poor dad is to demonstrate that there is no link between the level of general education of the masses and their level of financial education: the school avoiding like the plague the subject of money, we find ourselves all destitute and in dire need of financial education, whatever our social level or education.
Robert Kiyosaki then intends to help his readers by sharing with them the keys of his success which would be to simplify:
●Work and put money aside, then start self-employment.
●Invest heavily in assets, not expenses.
●Buy more assets and reduce expenses and liabilities until becoming financially independent.
●Do not hesitate to go against the tide of the general opinion, your friends or "chicken little".
Regarding the investments made, Daddy rich, poor dad gives examples including real estate and stock market: they pardise today completely detached from reality: a house purchased at $ 50,000 and receiving more than $ 1000 / month in rent by example (a small 25% yield), shares bought $ 0.3 and worth a few months after more than $ 30 ... probably facts proven but impossible to model.
Rich dad, poor daddy is constantly comparing how the poor and the middle class manage their finances in comparison to the "riches" he urges readers to be part of changing their way of operating: "The poor and the middle class are working to money, the rich have their money at their service "The poor and the middle class for money, riches have their money working for them.
It ends then by a succession of councils among which the training and the acquisition of knowledge is the irremovable pillar, the best asset at your disposal is your brain provided you train, do not hesitate to change work not to gain more but for your training, in short we are in the age of information and knowledge as Robert (and others before him) says.
MY OPINION ABOUT RICH DAD POOR DAD.
To start, I really advise you to read it.
Then I will say that the book is primarily for beginners or even those who have never received any financial education because it sets the basic principles that fighttrelacrise.fr readers know well: pay first, save , invest, avoid debt for anything other than an asset, reduce expenses, increase income, invest, start as an entrepreneur ...
Rich dad, poor dad addresses the issue of money but also education: as in France, no financial education is instilled in American children. Result: people working in positions of responsibility or highly qualified such as doctors, teachers and yet completely "illiterate" in terms of financial education: I personally could notice this point a lot of times, and I Robert Kiyosaki's analysis is very relevant in this respect, especially when he dares to draw the parallel with our politicians and evokes the sometimes disastrous economic situation of our Western countries (United States, Japan, France ...) with debt and other economics.
RICH DAD POOR DAD WEAK POINTS.
Although I found the book globally very relevant, some points have bothered me or do not take my support: Rich dad, poor dad gives examples sometimes to the limit of "bisounours land" and even if the author he himself swears that it is always possible to find good deals everywhere, it is nevertheless very tempting to think that he has also been able to benefit from a period of economic boom unprecedented and far from the current economic context; fall on a house at $ 20,000 while jogging in the morning, and resell it 3 times its price a few months later: there are some who are lucky!
Robert Kiyosaki also seems not to be a big fan of asset diversification, which he advocates in parallel with a significant risk-taking towards the end of the book: this method can certainly prove effective but remains very dangerous unless to know exactly what one is doing and goes generally against the good financial sense: one should never put all his eggs in the same basket.
Among the negatives I will also mention a keen sense of self-promotion on his other books, his board game, his wife's books as well as the various quotes of self-congratulations are a little annoying: there there is nothing wrong with making money with his knowledge, or declining the recipe for success according to the targets (Rich woman, rich dad for teens, smart kid, rich kid, etc.) but from there to do 19 different declinations ... all that is missing is rich dog and rich cat!
In conclusion and despite the few reservations made above, I strongly advise this book to all those who want to improve their financial education: the book develops a method of healthy and effective reflection, and uses a language within the reach of all that makes of rich dad, poor dad a real work of popularization, a classic of financial education to put in all hands.
Have you read this book? What did you think about my opinion of Rich dad, poor dad? Share your opinion by commenting on the article!