Robert T. Kiyosaki | Sharon L. Lechter
1 Rich Kid Smart Kid
I did find the book interesting, but I don't think that teens my age will find a lot of interest in it.
I gave it a 3 star because even though i didn't follow through the book, i felt that the author made a lot of good point for parents. I think the author really knows what he is talking about. I also gave it a 3 star because the way his teaches parents about teaching their kids about finace is through his own experience. So i gave it a 3 star because i found some interest in the book rather than none at all.
2 Instant Replay
Thank goodness it wasn't in slow-motion!
This is the fourth book of Mr. Kiyosaki's I have read. The ideas in all of these books could have fit in to one.
So why read this one? I couldn't tell ya
3 Great Book
This book was very insightful to parents all across the world. It teaches parents that in order to be successful in the financial world and the buisness world, you have to have a good education. (...)
4 Book Summary
Our current education system fails to adequately teach our children the financial skills necessary to survive later on in life. Robert Kiyosaki wrote Rich Kid, Smart Kid to fill those gaps. The fundamental premise of the book is that all children are born smart and rich. The goal of education is to bring out that natural genius within our children. Awakening this genius inside of us is a sure way to become happy. Therefore, being happy through realizing our innate potential is more fulfilling than being rich and unhappy. Rich Dad said, "If you are not happy while getting rich, chances are you will not be happy when you get rich. So whether you are rich or poor, make sure you are happy" (14).
The root of the current problem lies in America's transitioning from an Industrial society into an Information society. Kiyosaki explains the need for transitioning our thought, "In the Information Age, what you know becomes obsolete very quickly. What you learned is important, but not as important as how fast you can learn, change, and adapt to new information" (xi). These structural changes tangibly affect us regardless of whether or not we acknowledge them. Some of the problems facing tomorrow's youth include social security, healthcare, increased risk of obsolesce through increased specialization, and the need for lifelong education. Education must adjust with the times.
Currently, our education system teaches scholastic and professional skills. Scholastic education focuses on the ability to read, write, and do arithmetic. Professional education trains students for high-level careers later on in life. However, this Western brand of education fails our children in some crucial ways. Rich Dad said, "The child learns by doing, making mistakes, and then learning" (238). It's failure lies in its unconscious suppression of the innate genius within all of us, and by dismissing the role mistakes play in the learning process. This happens when our education system forces us to conform to what is only a partial definition of what intelligence is.
Financial education should be taught as soon as the child demonstrates some interest. While this may happen as early as five years old, more commonly a child's perceptions and self-identity is formulated between the ages of nine and fifteen. It is crucial to form the child's perception concerning money in a positive light during these ages. Encouraged by a famous Chicago-based study on learning, Kiyosaki believes, "...a parent's most important job is to monitor, guide, and protect a child's self-perception" (109). As a parent, the process begins by devising a "winning formula" for your children.
The formula Kiyosaki recommends should be tailored to each child based on their interests and which of the several types of genius they possess. Success requires having at least a winning formula for learning, for being a professional, and for financial success. We must be flexible enough to adjust our winning formulas when conditions render them losing formulas. The next step involves homework. Rich Dad said, "the primary difference between the rich, the poor, and the middle class is what they do in their spare time" (50). Kiyosaki recommends teaching financial literacy during your spare time.
To better serve the greater majority of students who fall through the cracks schools must adopt new teaching methods that engage students not just mentally, but also physically, emotionally, and spiritually . One way to achieve this in the classroom is by playing games. Games engage all our senses and reinforce learning. At home this entails teaching your children through pictures, games, and real life examples. Kiyosaki encourages parents to set-up three piggy banks for their children for tithing, saving, and investing. Parents should also expand their child's financial vocabulary. Appendix A and B offer many practical lessons that parents can immediately use with their children.
The larger goal to be achieved is to reorientate the way we view business and wealth. Kiyosaki says, "...if you want your children to be rich, teaching them to serve as many people as possible is a priceless lesson for them to learn" (197). Echoing the message of management guru, Peter Drucker, the primary purpose of business is to create a customer first, then to make a profit. This new perspective teaches our children and us that commitment to the public good is not incompatible with making a profit. In fact, it may be the best way to achieve social harmony. Everyone wins when we seek to develop our own unique genius and parlay our ability toward serving others while simultaneously enriching ourselves both personally and financially.
5 Rich Kid Smart Kid
This book is good if you want to know how to become rich and succesful. It's the key to help parents teach their children how to become financially stable. Its divided into three parts and in each talks about different methods to becoming successful. Although it repeats itself many times it proves the point on how to become successful. He writes about how if father had a good education but was poor. It also explains that you don't need an education to be rich, the only thing you need is to know how to get rich or the methods that help you to do so. This book guides you towards that directon.
6 A review by John Kennedy
I liked this book because it teaches the reader how to teach their children about money and how to use it. By giving the child such things as power of his/her money can help the child learn instead of giving an hour long lecture about saving. This book also advances on what was said in the first one "Rich Dad Poor Dad" by puting the reader in the teachers seat instead of the students. So in the long run both the partent and the child is learning from this book. And that is why I gave it five stars.
7 Strategies forfinancial head start
Kiyosaki wrote this book to give parents financial strategies on how to give their children a financial head start.The book is written in three parts. The first part ocuses on financial and academic education. The second part focuses on helping parents give their children a head start for their journey to financial literacy. The third part tells parents ways in which they can find out how to educate their children best. He talks about his two fathers; his real father and his rich father. His real father told him to get an education to obtain a good job. His rich father always told him that he had to make his money work so that he would never be in debt and that way succeed. Overall it gives strategies to become wealthy by managing your money correctly.
8 Empower your children with Rich Kid Smart Kid
This is not just another book in the rich dad series, this is a book that all loving parents must have to truly empower their children to greatness. Kiyosaki offers some striking facts to support the advice he learned from his Rich Dad.
For example, Kiyosaki starts off by citing an article in the Arizona Republic with the following statistic: "About 700,000 seniors will be cut from Medicare Choice HMO's according to a survey released earlier this month by the American Association of Health Plans."
Kiyosaki goes on to cite another statistic based on a study done by the Department of Health, Education and Welfare, of every one hundred people at age sixty-five, one is rich, four are comfortable, five are still working, fifty-six are needing government support or family support, and the rest are dead.
Interesting is the first time I heard this statistic was back in 1974 when I was in the insurance business. The late Earl Nightengale also frequently stated this in his excellent classic "The Strangest Secret" which was released back in the 1960's. Things have not changed much in over 40 years and not likely to unless we change.
Kiyosaki goes on to say that this book is not about becoming the one rich person out of a 100 (although that is a noble goal)It is about the fifty-six who still need someone else to support them.
Kiyosaki then points out that many people erroneously say they won't need much money when they retire because their living expenses go down. Nothing could be further from the truth because of the rising costs of health care.
Kiyosaki then asks; "Did these senior citizens education prepare them for the financial challenge at the end of their lives?"
Kiyosaki then goes on to say that the reason he is making a point of the plight of these seniors in a book aimed at a child's education is two fold.
One, it is your child who will ultimately have to pay for the health care of these millions of senior citizens if they cannot pay for it themselves.
And number two is actually another question: Will your childrens education prepare them to be financially secure enough not to need government financial and medical support at the end of their working days?
Kiyosaki says the rules have changed in the new economy. In the Industrial Age, the rules were go to school, get good grades, find a safe secure job with benefits, and stay there all your life. After 20 years or so you retire, and the company and the government take care of you for the rest of your life.
Some people are still living with an Industrial Age mentality.
Now, in the Information Age, the rules have changed. The rules are now go to school, get good grades, find a job, and then retrain yourself for that job. Find a new company and a new job and retrain. Find a new company and a new job amd retrain. Find a new company and a new job and retrain, and then hope and pray
you have enough money set aside to last you much longer than age sixty-five because you will live well beyond the age of sixty-five.
Some other facts that Kiyosaki points out
In the Industrial Age, the employer was repsonsible for your retirement.
In the Information Age, the employee is responsible. If you run out of money after age sixty-five, it is your problem, not the company's problem.
In the Industrial Age you became more valuable the older you got.
In the Information Age you become less valuable the older you get.
In the Industrial Age, people were employees for life.
In the Information Age, more people are now free agents.
Rich Kid Smart Kid is divided into three parts, 18 chapters and 280 pages of must reading for every parent who cares for their child and for parents who are still stuck with Industrial Age beliefs.
In part 1, Kiyosaki talks about the educational process of his other dad, his real dad who was smart but poor. Kiyosaki says that if it wasn't for Poor Dad, he would have dropped out of school and never gone to college.
In part 2, Kiyosaki offers some action steps, academically and financially, parents can take to begin preparing their child for the real world. In pat 2, Kiyosaki explains the lessons he learned from his Rich Dad. Part 2 has some simple, concrete examples of things parents can do to give their child a financial head start into the real world of jobs and money.
Part 3 is about the latest technological breakthroughs in education that will enhance parent's ability to find their child's natural learning ability and natural genius. Part 3 is about giving your child an academic head start.
Rich Kid Smart Kid will help you help your children bring out their maximum potential. It is a book that your children will cherish the rest of their lives. Highly recommended.
9 good advise for everyone
I think that this book gave good advise and tips to become wealthy. What i thought that was true was when kiyosaki wrote about how not everyone is smart in the academic field. Kiyosaki repeated himself many times, but it gave good advise and what he reapeated many times, were the things that really needed to be taken into deep thought. i like the way that he used the example of the monopoly game. I've played it many times but now i see it in a diffrent way and easier to understand it. He makes the way of becoming rich sound so easy, but i don't think that it is as simple as it sounds. i do think that i could be done, but it requires time and experience. It did change the way i see the economic field.
10 A necessary book for explaining wealth to our children
What a way to start our children off right! This book teaches parents how to teach their children to become financially successful, to prepare for the future and to overcome the pitfalls of standard education and working an employer.
I highly recommend Rich Kid Smnart Kid: Giving Your Children a Financial Headstart to all parents to share with their children.
Great book. Great way to a financial headstart.
11 I have given this away many times as a gift
Can't think of a better way to prepare our young for the harsh realities of life and in particular wealth building than Rich Dad's Rich Kid Smart Kid.
Sure beats memorizing war dates and boring basic economics.
I am giving this away to nephews and nieces as an accessory gift. What a way to get the family off to a great financial headstart.
Highly recommended!
12 RICH KID SMART KID
In my opinion the author of this book really focus on his main points. Allowing us to understand how to manage problems that we go through when we have a cild that is not so good at school and brings bad grades home. Parents as well as teachers can have this book as a source on which they can go back when questions on how to help your child financially or educational are needed. This book also allows you to understand how is the best way that your kid can learn because maybe the way your doing is not the best one for him. I recommend every one that wants to help their ow cildren when that case is, should read this book.
13 "4 green houses=the big red hotel"
After I finished reading "Rich Kid Smart Kid" I felt like I got and idea of how to work with my money later in the future. The way he talks makes it so easy. I learned many lessons, that I did not know before. I felt good when Kiyosaki talked about academics and financial, because I learned that just because I am not a "verbal-lingustic genius", it does not mean i can succeed. When he mentioned that getting rich was like the Monopoly game, I was shocked. I have the game but never thought it was like playing this game. It seems so simple "once you have 4 houses" you can then trade it for the "big red hotel". I actually
learned something from this game, that will hopefully help me in the future. He does make it seem like it is very easy to get rich, but I think that the person is the one that needs to know how to manage their money and then from there is where it gets easy as playing the game. The only thing that I really did not like was the repititon, many lines just kept repeating.Other than that I think I learned a lot from this book and i am sure many others did too
14 Great Learning Experience
This book was great for me because not only did I find evidence to support what I already thought of public education, but I also learned about many aspects of the real world. Not only have I learned how to create my own winning formulas,I have also learned to not doubt my personal worth when it comes to grades. Not only is this a helpfull guide to those who learn by playing games, but also for those trying to learn new skills in order to survive in this age of information; this book also helps break those old teachings that school should dominate your life. Although it was a bit repetitive, I bet this was done by the authors to stress the point that parents should pay more attention to the genius' they already have at home.
15 You get it after the third time
Robert really likes to get his point of you can't become rich you must be rich to learn to be rich. This book does get some interesting ideas across for example how most students are smart but in their own field of interest. I really liked the emphasis on how a child must be pushed to do the best in anything he shows interest in. Robert came back to his favorite game of Monopoly to really explain his point. Robert showed how by playing this game for hours he steered away from his studies a lot, but gained valuable real estate knowledge. Roberts rich dad would play Monopoly with Robert in order to push his love for making money and using it wisely. I did however find myself reading the same passages over and over again, Robert seemed to explain ten things just from one lesson he learned, and so he would re-explain the same story over and over again. overall this book did give me a good view on how to manipulate my present to benefit my future. I have also learned many ways to further my current education both in college and in high school.
16 Carolyn's "Rich Kid Smart Kid" review
"Rich Kid Smart Kid" by Robert T. Kiyosaki attempts to give parents the skills necessary for providing thier children with financial freedom. The book is written in three parts. The first concentrates on financial and academic education, the second on steps for parents to take to educate their children, and the third is ways in which parents can find out how to best educate their children.
I found the book informative, but slightly repetitive. I understand there are certain points which he wanted to stress, however, I found myself rereading paragraphs in different chapters.
His description of the different types of genius and his desire for all children to learn according to their strengths was a hopeful message. He provided readers with specific ways in which to help their children gain power over money. The book would be especially helpful to parents of children who struggle in the traditional school subjects.
Overall, as a teenager, I was a bit overwhelmed by the ideas of the book. However, it did provide me with many ways to enhance my perception of money and my ability to have control over it.
17 Shing shing
I am impressed with Mr. Kiwosaki's ability to break it down. I am only seventeen yers old and feel very confident of ,y future know. I know that theres alot i need to learn and experience for me to become financially secure, but i feel like im on the right path after reading this book. I as well feel glad i read this book because know i can share the knowledge with my children and so on. I would of never thought a book would change my life. I see money and markeing in a whole new light.
18 blah
same old stuff nothing new, extremely boring, brags too much, leaves questions unanswered, way too long. this book can be summed up in about 3 pages of notes. its sad to see that he only thinks about money. he basically pushes parents to "bring out" their "genius" soley to succeed socioeconomically in life. by reading his anecdotes, it seems as if all he did was think about making money, even as a little kid. although practical, it almost didacticly pushes you to believe that the only reason to live is for the ephemeral components of life such as getting rich. it illogically alludes the reader to believe that with money comes happiness.
19 A Vague Directory to Financial Success
I truly enjoyed reading another one of the famous Rich Dad books. I am a senior in high school, and I had no clue where to find direction on how to avoid my parents (in debt) footsteps -- that is until I read Rich Dad, Poor Dad. Onto the next guide and more appropriate for my age, Rich Kid, Smart Kid taught me many valuable lessons, especially about taxes and the banking system. Kiyosaki's financial aid also helped me to understand that just because I am not a "numerical genious" doesn't mean I cannot be very successdul in the "real world" creating ideas from my more "genious" skills. The only flaw however, in Rich Kid, Smart Kid, was that it repeated much of what was said in Rich Dad, Poor Dad. As a teenager, I want to know more about how to avoid debt with the government and where money comes and goes. As Kiyosaki says, understanding how money works is the key to financial freedom. Overall, Rich Kid, Smart Kid is a great first step toward success in an ever-changing economy.
20 A Vague Directory to Financial Success
I truly enjoyed reading another one of the famous Rich Dad books. I am a senior in high school, and I had no clue where to find direction on how to avoid my parents (in debt) footsteps -- that is until I read Rich Dad, Poor Dad. Onto the next guide and more appropriate for my age, Rich Kid, Smart Kid taught me many valuable lessons, especially about taxes and the banking system. Kiyosaki's financial aid also helped me to understand that just because I am not a "numerical genious" doesn't mean I cannot be very successdul in the "real world" creating ideas from my more "genious" skills. The only flaw however, in Rich Kid, Smart Kid, was that it repeated much of what was said in Rich Dad, Poor Dad. As a teenager, I want to know more about how to avoid debt with the government and where money comes and goes. As Kiyosaki says, understanding how money works is the key to financial freedom. Overall, Rich Kid, Smart Kid is a great first step toward success in an ever-changing economy.
21 Rich Teenager
Although I do not fit in the category of being a child or parent, I still find this book to be very helpful to all persons seeking a head start for their financial future.
I shall definitely keep in mind all the helpful hints presented throughout the book along with the lessons told by the author's, Kiyosaki, "Rich Dad". But most important, I will be more mindful of what it really takes to become the fabled "millionaire."
Many parts of the book seem repetitive and make the reader feel like they are the child being taught the lessons instead. However, this style reinforces the importance of truely understanding the lessons so that the parent can share them with the child.
The real core of the book, the actual "tips" for your child, isn't until the appendicies. Although I already stated that I am a teenager, I have still thought about trying some of the things mentioned.
I highly recommed this book and I hope to be able to read some of the other books under "Rich Dad" and think you should too.
22 what i expected it to be
After finishing reading MR.Kiyosaki's Rich Dad Poor Dad, I felt that I had learned a good amount of lessons of how to handle money in the life and the real world. However after reading Rich Kid Smart Kid, I feel like I was just retaught every lesson I was taught in the first book. The author repeated his ideas way too many times and it became tedious to read. He makes it seem like its so easy to make money in the real world, however in reality that isn't true because he leaves out so many parts which stop people from making money. As I kept reading the book it felt like every line was just being repeated and it was too close to the first book i read, Rich Dad Poor Dad. It became very boring.
23 It was alriiiiiiiiiiight
I found this book "Rick Kid Smart Kid" very easy to read and helpful. Although the information is pertaining to adults with children, it still offered tidbits of advice that could be applicable to any person in the real world. Even though the author did come off sounding like he was all knowing, the book was still easy to get through. Some of the information was kind of weird, like laying out your finacnial spread sheets in front of your child. I think anyone under 25 would have been confused by that. All in all, it was a fun book to go through, and I picked up a few things along the way.
24 rich kid, smart kid
I really enjoyed this book. It made me see certain issues I had with money that I did not even know about. It was amazing. It did repeat itself many times but that made the facts stick in my mind.
25 Rich Kid, Smart KId Rulez!
I really enjoyed rich kid, smart kid. it really teaches you the fundamentals about becoming finicially secure for the rest of your life. with this new found knowledge that I acquired about finicial making tactics, I believe that I am headed towards the right path for finicial security. my only regret is, i wasn't taught this information when i was a child. :(
26 Necessary for your kids financial success
i found this book to be an incredibly accurate, down to earth work. it tells you every basic concept you need to teach your kids in order for them to have the best chance at becoming financially successful as an adult. It is written in a very easy-to-understand manner, and repeats all of the authors concepts so many times, yet in different ways, that you can't help but remember them. one of the most interesting parts of this book is the chapter on how everyone has their own ways of learning. the most important thing for a child is to find out which way of learning suits them best. this will make learning fun and they will be a smart kid.
27 Necessary for your kids financial success
i found this book to be an incredibly accurate, down to earth work. it tells you every basic concept you need to teach your kids in order for them to have the best chance at becoming financially successful as an adult. It is written in a very easy-to-understand manner, and repeats all of the authors concepts so many times, yet in different ways, that you can't help but remember them. one of the most interesting parts of this book is the chapter on how everyone has their own ways of learning. the most important thing for a child is to find out which way of learning suits them best. this will make learning fun and they will be a smart kid.
28 It Was OK
As I read other reviews, I could relate to them all. Rich Kid Smart kid was extremely redundant (I could repeat to you all of the sayings he said over and over), his anecdotes I could have done without, and he advertised himself a ton. It also bugged me how many times he said he was a bestseller author. What a way to identify yourself.
However, I did think it was interesting and helpful. For some reason, I couldn't put it down when I read it. The anecdotes, although too prolific, were somewhat interesting. Before reading this book, I didn't even know you could invest in Real Estate, and he went into how and what you do a little bit. The section on self-perception and different geniuses was very interesting. I think if all kids knew that they were smart, just not in every way, there would be a lot less self-esteem problems. I think it would also help teachers be patient with kids that are labeled "troublemakers."
Although I enjoyed reading Rich Kid Smart Kid for the most part, and it did make me feel smart after I read it, I was annoyed at the posed questions that were never answered. Where do I get the money to invest? It sounded like the money he started out with just appeared, which I know didn't happen. I also wish he would have explained Asset, Liabilities, Income, and Expenses in a little more detail. Instead, he referred to his other books, which I probably won't read. The part I learned most from was when he put the situations into a real-life senario. It also bothered me how he said he wasn't writing a book on parenting, when he was dishing out an awful lot of advice.
Overall, the book was interesting and it might be the way to a good start in your child's financial life, but that doesn't help me too much. I think I would have benefitted from this book a lot more if it had been more answers than questions, but that may have been the reason it was quick reading.
29 Great book
I really loved Rich Kid Smart Kid. When i grow up im not gonna have any problems making my kid smart and rich. He/she is gonna make me rich. It is gonna be the greatest feeling knowing that my kid is rich and has made me rich. I cant wait. Im gonna go tell all my friends to read Rich Kid Smart Kid and all the other book that this genius Robert T. Kiyosaki has written .
Thanks man you are the greatest.
30 Never Again
This book has indeed good advice about how to "help" parents help their own children become success full. Kiyosaki says he wants to give parents advice on how to give their children a head start in life but I believe he really wants them to teach them the way he was taught so they can become wealthy like him. I will only recommend this book to parents who are lazy to figure out on their own how to raise their children in the world of success.
31 A Great Start For Today's Finanicial Strategies.
Reading "Rich Kid Smart Kid" is the most helpful financial book I have read so far. Robert has done it. A book that is easily comprehendible and most educational book doesn't come that often. The only thing I didn't like about the book is that he was too redundant. He kept talking about same thing over and over and over again. he also mentioned his "Rich Dad Poor Dad" book one too many times. I feel it wasn't necessary to talk about his other books this much.
32 Financial headstart
Robert kiyosaki is a talented entrepreneur. This book offers a lot of advice to those parents who did not have the chance to grow up with wealthy parents. It teaches them the basics of the rich mind. Many people think that by getting a raise, or having a slightly better job will make them richer. What they don't know is that you have to make money work for you. Little bits of information are constantly repeated throughout the book in order to get the message across. Robert also criticizes the public school system for only teaching certain students with certain talents, rather than teaching students who may have different learning habits. The only thing that sets this book back is the fact that it has constant repetition.
33 Bill Gates or Richard Branson never needed this book
If you have an entreprenurial instinct, this is a quick reading that won't really help you that much. The only thing I found useful is to help you understand that you need to delegate because everyone has their weakness in certain areas. Young technical-oriented entreprenuers tend to try to do too much on their own sometimes that they forgot the importance of delegating the task.
34 Rich Kid Smart Kid
I enjoyed this book overall. There were some positive and negative elements in Rich Kid Smart Kid. The positive was that this book had some good advice and ideas that were not conventional, but could still be taught to children. Some negative aspects of the book were the parts when Kiyosaki refferenced to Rich Dad Poor Dad. This was not good becuase if you didn't read Rich Dad Poor Dad you were a little in the dark, as I was. The book did give a good basic stratagie to makin money. He stressed the idea that you should make your money work hard for you, one way to do this is putting your money in assets and not liablities. Overall I enjoyed the book and i would recommen it to find out about how to make your money make you money.
35 Rich Kid, Smart Kid
In Rich Kid Smart Kid, Robert T. Kiyosaki does a really good job of making a blue print for parents as to how to prepare their children for the world. I thougt the book was very well done, explains everything in a very simple way, and overall an interesting book to read. I read Rich Kid, Poor Kid also by Robert T. Kiyosaki, finding it to be a good read, and feel that this book is another accomplishment for this author.
36 Oh....My.....God.....How.......Boring.....
This book had everything single detail in it, except the fact that the book was not interesting. I recommend that if you were going to read this book, that you should read Kiyosaki's other book, Rich Dad Poor Dad. Rich Kid Smart Kid is a theory that Kiyosaki presents to the reader. He claims that when every person is born into human life, that person is automatically rich and smart in a certain way. My personal opinion is that this book should be read by adults who have children of their own. By reading this book, it will give them tips on how to invest in their children's future.
37 Informative but Boring
The overlapping theme of the book is that money should work for you, you should not work for money. Kiyosaki provides some fundamental ways in which a parent can teach their child how to become rich. Some of the book's strategies are quite interesting, however, Kiyosaki is a businessman and not a writer. The book was sometimes confusing and boring, and his charts failed to aid me. If you have patience and time, and want good strategies, read it.
38 Teenager mirrors "Rich Dad's" strategies
Unlike Mr. Kiyosaki, I did not grow up under the wings of a Rich Dad or Poor Dad. Even though I hadn't read "Rich Dad Poor Dad", the author reiterated the important points that would apply to the understanding of his discussions in this book. I read it with the purpose of obtaining insight into how children learn and think. In turn I have mentored my seven year old brother. The 'three piggy bank' savings stratergy provided me with a good way to trigger his financial head start. The personal narration created a comfortable and "friend-like" ambient for me. Through the anecdotes I was able to critically think and analyze economical situations. Many of the diagrams such as the ones on bank interest, loans, and mortgage helped me visualize the relationship between financial players. The author's definitions of 'key' words also allowed my 'mind to see what my eyes could not'. I can honestly say that this book has contributed to the guidance I seeked in order to help my brother "achieve his full potential in life".
39 Rich Kid Smar Kid
I think that this is an informative book for parents. It presents many good ideas about learning and the lack of real life education provided by traditional education. It was somewhat boring for someone who is not really interested in money. It was annoying that the author assumed that you have all ready read his other books and that he was pushing his other products through out the book. I would also say that this book would be more effective if read by parents. If read parents will without a doubt have the upper hand in helping mold there children into self-confident, financially smart individuals. I would recommend this book for people who are interested in strengthening there financial potential in life.
40 Good content but twice as long as necessary
This is the first of the Rich Dad series that I've read. I don't know if I'll be able to get through the others -- there was so much repetition!
The topics are good and the examples are excellent (I liked the simple income statement and balance sheet diagrams). On the downside, the authors use the same examples over and over again. Really, this book could be about 120pps if the publisher would allow such a concise work (you know, bulk equals value apparently).
According to this book, the road to wealth is paved with real estate. If you are serious about real estate investing, there is not enough info here to get you started so don't buy it for that purpose.
If you have not read personal wealth planning books before buy this one, its a good starter. If, however, you are pretty well versed, borrow this one from a friend.
41 Hope for the hopelss
...
Reading this book has put together what I already believed in but unable to verbalize. That there are many different types of geniuses. And that you don't need a good academic education to earn big money.
42 Same Stuff
Being an avid reader of Robert's books and currently halfway through his fifth book, I am noticing he's running out of fuel, his last two books which includes Rich Kid Smart Kid are some sort of revised editions of his previous work, if you haven't read any of Robert's books before go for it, if you have, you're probably not going to find much in addition to what was delivered to us in Rich Dad Poor Dad, CashFlow Quadrant Or Rich Dad's Guide to Investing, you're probably better off if you read your old book again and save the money to buy your first investment.
43 This is the only Review worth reading
Simply put, do not read this book unless you have an incredibly dull life and need something to do. Rich Kid Smart Kid was basically a venue for Kiyosaki to discuss his views on parenting. There is very little to gain from this book unless you are indeed a parent that needs something to help teach their children about money. Kiyosaki alienates the average reader because he simply proposes too many idealistic situations and games for CHILDREN (not adults) to learn about money and investing. Very little of his advice was prudent for the average person. As well, Kiyosaki assumes the reader has read his first book, which the AVERAGE reader has not. As a result much of the book and advice is not coherent and a pain in the @ss to read.
44 A Smart Plan For The Future
Although this is the first economic based book I have read, I have found it to be very informative and enjoyable. Kiyosaki does a good job at using a style of language that is very coherent and easy to understand. His view are balanced by contrasting his "rich and smart dads."
As a young man without much experience using economic terms, Kiyosaki was able to use real life examples that made the learning so much easier. Although this book was directed to parents to help their children start ou in life on the right path financially, I found it, as a senior in high school planning to go to college and grow up, to be extremely usefull.
45 Some important principles, but I expected more . . .
I have several of the authors books and I appreciate the important distinctions that he's made. The important ideas that are included in this book were already presented in his earlier books. They include - People have different forms of intelligence and should be encouraged to learn in the way that works best for them. - Most schools concentrate in subject areas that contribute little to financial success. - For financial success one should focus on building assets rather than just working in a job. - Focus on creating assets which produce cash flow rather than on liabilites that only generate expenses. >>> All this was written earlier and could have been summarized in a single page rather than in another book. I like the authors message, but write this review based on this one book's merits. This is a mediocre book.
46 A repetetive, boring, and sometimes informative book
My main complaint about his book is that it was written for someone who had already read Rich Dad Poor Dad. Also, this book, though filled with some interesting information and ideas on IQ, genius, and investing, as well as many anecdotes on his childhood, could easily have been condensed into fifty pages. While his anecdotes were sometimes helpful in illustrating a point, they sometimes seemed contrived and I was annoyed that he was constantly plugging his other products. And after reading this book I felt I knew more about his rich dad and poor dad than I did about finances. I could tell you all about his childhood years in Hawaii and that he is a rich successful business man now but know little about the path that led him to that success. I suppose I read the book hoping to get an understanding of what life choices he made, personal and professional, that led him down a successful path after college. He says he started a business. That's nice. How?, where?, etc. I expected a more comprehensive, specific, "how I made it" story. The book, though repetitive is informative- if not on his own personal strategy. I learned that I too had grown up feeling that if I work hard in school, find a job, and then work hard all my life for someone that is how I will make money. I know now that I must invest and take risks and not rely on my getting rich off of what someone pays me. I recommend this book to parents but less so to children or students, especially if you have little background in the world of financing.
47 Great Book!!!
I just wanted to say that this book is really great for basic finance education for kids. I wish I had this book years ago!
48 A great book for parents and students
As a student, after reading this book, I learned a lot. I always thought schools were the only way to college and also to better jobs. After reading this book, I learned that schools are not everything, and importantly that schools do not teach students everything they need in life. I also learned that there are many ways to success. By reading this book, both parents and students can benifit greatly. With just few dollars, learn how to be successful!
49 rich kid smart kid
I really enjoyed "Rich Kid Smart Kid", it changed my whole views on my financial outlooks on life. Before reading this book I wanted to save all my money but now all I want to do is invest. Kiyosaki gives his reader simple yet effective ways for teaching your children to save money. When I have childre, I will definately read rhis book again and use it as a guide line to ensure my childs financial future!
50 rich kid smart kid
I really enjoyed "Rich Kid Smart Kid", it changed my whole views on my financial outlooks on life. Before reading this book I wanted to save all my money but now all I want to do is invest. Kiyosaki gives his reader simple yet effective ways for teaching your children to save money. When I have childre, I will definately read rhis book again and use it as a guide line to ensure my childs financial future!
51 i had to read it for school and . . . .
it should be striken from the curriculum! Kiyosaki's Rich Kid Smart Kid is a repetitive and ultimately boring lesson in how to prepare your child for the harsh reality for financial security in their future. The text is somewhat confusing if you haven't read Kiyosaki's Rich Dad, Poor Dad, you kind of miss some of the juxtapositions of the 2 books are misunderstood. I recommend reading Rich Dad, Poor Dad first. I learned nothing more than a bunch of stories of some guy who has 2 dads and a mother who taught him different things. It is more a book for parents who have no idea on how to help their child secure financial stability. In a nut shell: I hated the book, I learned nothing and it want at all fascinating.
52 Rich Kid Smart Kid
Overall I thought this was a good book. It gave me a completely new perspective on how to make money. After reading it, I realized that I had the traditional view of working hard to earn money and putting it in the bank. Some of the ideas are a little difficult for the conventional money saver to understand, but Kiyosaki has an anecdote for just about every point he tries to make. The only drawback was that he makes many references to Rich Dad Poor Dad, and unless you have read the book(which I haven't), you are often left clueless.
53 An informative financial book
Kiyosaki's Rich Kid, Smart Kid is an interesting book that gives valuable insight into the realm of financial success. Kiyosaki's views are both original and informative. He believes every child is born a "genius", and that as children grow they will learn they are smarter/slower than others through their own experiences. This is just one of the many interesting beliefs that Kiyosaki conveys. I recommend this book to anyone who doubts their own financial capabilities, or has questions in general about the financial world.
54 Kiyosaki changed the way I handle money!!!!!
Mr. Kiyosaki really made me think differently about money. I was one of those people who put all my money in the bank. Not anymore. Now I want to invest in stock and buy some properties. I know that right now it is a good time since the Federal Serve is lowing taxes. I am really happy that I read this book, because now I know I have a really good chance of becoming rich!!!!!!!! I'm going to buy assets instead of liabilities.
55 Haven't I read this already?
I read Rich Dad Poor Dad. Its a 5-star book. I was hoping for something similar in this one. All this book is is a rehash of the RDPD. It seems the 2 main points of this book are: an apology to his real dad for making him sound like a buffoon and to market his CASHFLOW games. The new material in this book could have been covered in 10 pages. In some examples, he even refers back to his other books for further details. So why read this one?
56 A Rich Way Of Catching A Poor [...]
Why bother buying this book? If you have read "Rich Dad,Poor Dad" you know everything already. If you haven't, you will find that this book has a "lot of holes" that can only be filled by referring to Rich Dad, Poor Dad.Your kid will be confused. Buy the other book and let the author keep this one, if you are really a "SMART KID", or want to become a "Rich Dad"(save your money)
57 Rich Kid Smart Kid
Rich Kid Smart Kid expands the 'basics' taught in Rich Dad Poor Dad and focuses on the weaknesses of our fractured education system in America. Kiyosaki does not disappoint the reader. He serves up his usual recipe of powerful yet simplified steps to remedy the imparities he defines. This book is a must read for every parent, counselor, and educator. I found the principles described in this book were very applicable to my personal financial plan. This value of the content of this book is definately not limited to 'Kids' as one may mistakingly derive from its title. Excellent book...I highly recommend it!
58 A bit of useful info inside.
I get the impression that one of the main reasons that Robert Kiyosaki wrote this book is to praise up his real dad as a result of bad PR from his other books. In this book he praises both dads strongly and equally, with possibly a little more emphasis on his "smart" real dad. It has some useful info about different learning styles and capabilities (which incidentally echoes a training course I did through work a couple of months ago). I feel it's most valuable message is in how to treat "a difficult/dumb" student. It also reiterates the investment/employment messages of his previous books. His books have a lot of padding but are easily read, explain investment from a different, simple angle and I usually pick up at least 2 or 3 points that are worth reading the book to get. This one is no exception and gets 3 stars from me.
59 WEAK AND LACKS SUBSTANCE
To the book's credit, I agree with the context of this book in general and the message it attempts to delivers; however, the method of delivery leaves a lot to be desired. Some information was quite repetitious of the author's other books. As for the stories, they were just a little to "cutesy-tootsy" for my liking .... Much of what is contained here is nothing new that will set the world on fire; it boils down to basic common sense - period. While it is certainly prudent to base material on sound professional research, one must also consider the uniqueness of personalities and individuals, and in that regard it is clearly evident the author does not have children of his own. We do not live in a cut and dry world where one shoe fits all. While I did not gain any new insightful knowledge from this book, I do highly recommend one very top-notch book, "Capitate Your Kids" by Dr. John E. Whitcomb.
60 Different Folks, Different Stokes!
The instructor for one of our self improvement course was pounding the bible with this book so I picked it up. The book is kind of light and the effect that it will have on you will depend on who you are. Some will find this book dumb and some will find it life altering. The concepts he teaches are kind of commom sense, "Live within your means".
The useful thing I found in this book was the way he viewed assets and liability. This made me think a bit and was useful. I found his tone to be a bit arrogant (I suppose when you are "rich" you can) and harsh. The other thing was the way he said to get more money back from the government: it sounded on the verge of being criminal. I am sure you can get alot of lawyers to argue every point in your returns but... it is not for me. If you are a beginner in this financial management arena get "The Wealthy Barber" instead and if you already know what to do, don't bother with this book. Live within your means and save your ... for something else.
61 Excellent book for new parents
Good Points: The book provided a paradigm shift in my view on how to teach kids to "have money work for you" rather than "work hard for money". Robert's stories are very entertaining to read and learn from. There are a few ideas in the book that was worth the price of the paperback. Good book to read if you are a new parent or a first generation American.
Minor Bad Points: The book does emphasize Robert Kiyosaki's other paperback. Also, some of the information are just reprints of his other books. Does not provide much details other than a few very good ideas. (Readers are encouraged to use his web site to learn more information though. )
62 Not enough meat
After reading Rich Dad/Poor Dad, Cash Flow Quadrant and Rich Dad's Guide to Investing, I found this one to be repetitive, full of too many cutesy stories and not enough meat. The appendix is the best part of the book and I had hoped the entire book would be more like the info offered in the appendix. If you haven't read the other books, this offers a good starting point.
Overall I like Kiyosaki's style of writing and he makes a boring subject come alive with his storytelling style, but sometimes he just overdoes it.
Finally, I recently purchased his CashFlow 101 game and my two teenagers (son 16, daughter 14) love the game and beg us to play it all the time. They caught on fast to the score card which includes a balance sheet & income statement. I'm learning a lot just teaching and guiding them. It's worth the investment just to hear your 14 year old say "I don't want any more doodads, I'm trying to build my passive income here!".
63 "An interesting and compelling topic, but needs more meat!"
It's hard to write a review on this book after reading Donald W. Mitchells excellent critique. Robert T. Kiyosaki writes on a fantastic concept. I totally believe in lifelong learning, as well as being my own employer. Children NEED this concept implanted deeply in their minds at a young age. The rate of technological expansion is moving at an astronomical speed. Any and all education in a childs life is valuable. It is sad to see so many youth totally oblivious to the facts. Our school systems are definitely antiquicated. While I always seem to be compelled to read Mr. Kiyosakis books, I do find them very repetitive and parableistic, which may cause some readers to feel that they are his way of 'laughing all the way to the bank'. His constant semi-subliminal persuasion to buy his game, or attend his seminars is also highly annoying. It would be a lot more interesting if Mr. Kiyosaki would include more specifics, ie.; 'buy these, or invest in that', etc.. I do hope that readers of this review will look past the negatives that I've pointed out. These are simply my observations. The concepts in this book are outstanding, and I do highly recommend it, especially if you have children.
64 Great Headstart! A real gift for your family!
I don't normally buy follow-up books because I find them to be quite repetitive, however, this one is a true exception.
"Rich Dad" made such an impact with me that I have shared it with many others over the past two years. That said, my wife and I have struggled with how to take what we've learned and pass it on to our children.
This book is it! As we all struggle to ensure our children get the best education possible, we're facing an ironic trend in the school systems where teachers are teaching our children how to pass standardized tests instead of focusing on what children need to thrive in this new century (this is not a knock on that practice - if that's what it takes today, that's what it takes, but our children need more and it's our responsiblity as parents to provide the rest - we cannot rely on our school systems to be the sole educators of our children (sorry for the sermon)). This book was designed to fill in the gaps, to give your kids what they're missing from school - inspiring and practical financial knowledge.
It's not about turning little Johnny into a power stock-broker, but rather awakening his love of learning so that doors will open for him - it's a way of empowering our children by giving them the skills they'll need to succeed in every aspect of their lives.
I can't recommend a book more than I do this one!
The best to you and yours!
65 Parental Tips for Helping Children Learn Rich Dad, Poor Dad
Rich Dad's Rich Kid, Smart Kid may be the most helpful book ever for guiding adults on how to assist children and teenagers in learning about how to organize their lives to be more successful. I highly recommend this book to every parent, god parent, grandparent, aunt, uncle, and caring older sibling.
I think this is the best of the Rich Dad, Poor Dad series, and clearly deserves more than five stars.
Think of this book as the instructor's guide to teaching Rich Dad, Poor Dad combined with a basic guide to helping young people identify their strengths and learning styles. The book also provides a sound foundation for helping young people build their self-confidence in a healthy way.
Unlike the other books in the series, this one draws on the positive lessons of both Mr. Kiyosaki's Rich Dad and his Poor Dad rather than just the Rich Dad. To overcome Mr. Kiyosaki's lack of experience as a parent (he has no children), the book relies on important academic and professional research to add context for Mr. Kiyosaki's observations about his own childhood.
The book begins by citing a recent HEW study that showed that 56 out of 100 people who are 65 need either government or family financial assistance to make ends meet. The book is aimed at providing children with the learning experiences to allow them to avoid that dismal financial result.
Then the perspective shifts to pointing out that the change from an industrial to an information economy has shifted the rules of success in our society. The old rules were to get a good education, get a good job, and have financial security from one employer. The new rules are quite different and feature being in an environment in which one will be a free agent, work in a virtual company, get paid for results, work in many professions, retire early, work only when you are interested in working, learn in seminars rather than classes, focus on your core talents, emphasize developing and implementing new ideas, self-direct your own investments for retirement, and work at home rather than in an office.
To succeed, your child will need at least three basic strategies: one for lifelong learning, one for developing a career, and one for creating financial success.
The book points out that most people will have to relearn the most important areas they work in about every 2-4 years, shift professions as they reach the age at which they become obsolete, and make their money work hard for them.
In the second part of the book, you will learn many basic ways to help your child learn these lessons. He points out the work of Howard Gardner in emphasizing that each of us has different dimensions to the ways our intelligence expresses itself. Find out what your child's is, praise that, and provide your guiding experiences in terms of that way of learning. In almost all cases, children like to learn through play, playing in the ways they like to play and focusing on subjects that interest them.
In Mr. Kiyosaki's case, he likes things to be kinesthetic ( touching things and experiencing emotions about them), and he wants to experience them as directly as possible. His Rich Dad appreciated this and put him into situations where his learning style would work. This was the basis of the famous job in the grocery store for ten cents an hour, where he then paid the ten cents an hour to have the privilege of learning. After a while he realized the opportunity to rent and sell the returned comic books for a profit. This allowed him to understand that money is about ideas.
The book then builds up the game of Monopoly as a teaching tool. Through playing the game, Mr. Kiyosaki learned that he needed to buy real estate and develop it to generate an income from investments. His Rich Dad took him along to buy a house that he later rented so he could see what was involved. Then, Mr. Kiyosaki "got it" and was able to follow that lesson to become a millionaire real estate investor on his own.
The appendix by Ms. Lechter has some very good scripts that you can use for taking your children through financial field trips to bring home the message.
The book also offers lots of good advice for supporting your children while they may be having trouble in school. This includes a suggestion for a test they can take to determine their learning style (the Kolbe index). You are also encouraged to find a school that emphasizes the style of learning that your child uses.
On the financial side, the key concepts of Cash Flow Quadrant are greatly simplified so that they can be applied for your child. The book has many exercises you can use to give your child experience in managing her or his money. One of my favorite stories is about a boy who wanted to buy some expensive golf clubs. Be sure to read that one.
Help your child obtain the spiritual, mental, physical, and emotional experiences to prosper in the new world of opportunities!
66 impressed
After reviewing this book, I came away impressed at the level of additional information and detail provided. Although the general themes and foundations on which this book was based seems to have come from Kiyosaki's Rich Dad, Poor Dad book, I would recommend this book as a continuation and not a regurgitation of Rich Dad, Poor Dad. That said, without sufficient background in accounting or finance, this book would be difficult to follow without first reading Rich Dad, Poor Dad, after which, this book should be much easier and better to digest.
67 Good Salesman--Robert T. Kiyosaki Who Really Becomes Rich!
Very Practical.
Robert T. Kiyosaka himself is a living example! Good salesman.
He sells you a lot of "Rich Dad Books", and finally becomes rich.
It will be marvellous if he could really disclose more background about himself and his Rich Dad, especially the real name of his Rich Dad.
Then this book will be even more convincing and credible!
Not just a well packaged, well presented get rich quick story.
68 Good Salesman--Robert T. Kiyosaki Who Really Becomes Rich!
Very Practical.
Robert T. Kiyosaka himself is a living example! Good salesman.
He sells you a lot of "Rich Dad Books", and finally becomes rich.
It will be marvellous if he could really disclose more background about himself and his Rich Dad, especially the real name of his Rich Dad.
Then this book will be even more convincing and credible!
Not just a well packaged, well presented get rich quick story.
