Rich Dad Poor Dad-a great read
December 2, 2008
I would like to say that Rich Dad Poor Dad was a terrific book. I dealt with the aspects of financial businesses and how they are set out in society. It shows that with great use of the mind, one can accomplish much that he or she did not know could be capable. This book demonstrates that through hard work in life, success comes in hand. Overall, Kiyosaki's book in well-written and should be read by more individuals.
Fun reading
November 16, 2008
Easy fun reading -Interesting learning tool-Plan on finding the Cash flow game under the Christmas tree this year for some fun family time with an educational twist.
This Book Changed My Life!
November 10, 2008
This is a MUST read book if you want to obtain financial freedom. Personally, this book totally changed my life!!
Greatest Personal Finance book!
November 10, 2008
This is far by the greatest personal financial book! It sets the bar for all other books. It will change your life...highly recommend it for everyone.
Good but not a instruction book
(3 of 3 Found this Helpful)
November 9, 2008
This book is pretty good because the basics it mentions are fairly good.
Its true that 90% of America does not know the different between a true asset and a liability. Financial money management is missing from most of education. If you listen to Dave Ramsey, he says many of the same things.
As for the tax advice and deferrments in this book, I wouldn't bet the farm on it. Yes, things like 1031 do exist but some of the advice like buying a corporate car with a personal corporation is illegal(although the accounting advisor at H&R block did inform me last year before I read the book that deducting mileage and gas on my car was a legal option). You can defer taxes forever on a few things, but not many of them and overall, taxes in America are progressive, not regressive as the author claims.
I did learn and was reminded of many important principles by this book and book series, but I'd take a much closer look at tax law before deducting anything.
