Rich Dad, Poor Dad Book Review by Kyle Phoenix



Rich Dad, Poor Dad is a great book with lots of sound practical advice!

I've been very lucky over the years, by that I mean that I've had the opportunity to explore being an entrepreneur. I started when I was 14 years old, a national magazine on a small scale and what I learned from that I would later articulate in other projects for publishing and even now on Amazon. I went to a Rich Dad seminar in New York City.  I expected there to be an exhaustive push to purchase the various products available through his company but instead it was a full on lessons in business. We were actually given workbooks and situations culled from the audience to look at how systems work and their business potential.  This was all done by Robert Kiyosaki himself and his team of RIch Dad Advisor's and his wife, Kim.

I will tell you what all of this has helped to congeal in my head. One, money does not exist.  Now this may seem to be contradictory to the entire concept of what Kiyosaki's books seem to extort on the surface but it doesn't. Again this is a radical concept, but I think that after a certain number, money is simply a concept. The majority of people think of working from paycheck to paycheck and what can be done with that money (after taxes usually 50% of one's annual number salary), unless you make a staggering amount, you can't get ahead.

What I think the Rich Dad, Poor Dad series gives one the insight to do is recognize all of the systems you're in. First what your money is, doing a spreadsheet on yourself and your worth, figuring out your goals and so forth and then the legal areas that affect your money. Most people know how much they make weekly, what that number should be annually but we rarely keep track of WHY those numbers are affected as they are. The difference between the rich and the poor is that the rich understand the power of their tax contributions and how much they absolutely have to make and how much they don't.

Rich people also think about money for sport not only for survival. Here's a mental game I've learned to play: I imagine what businesses I would build in a neighborhood I'm walking in, what I can see that would work, what wouldn't, etc..---cost analysis evaluation of places. I also regularly look at Lotto prizes and figure out exactly how much that money is----10 million after taxes, withholding= 4 or 5 million really isn't that much to last a lifetime.

This is where Rich Dad, Poor Dad becomes interesting and the book delves into this: How to make money make more money?

We all assume that getting a job is the easiest way to make money and then we assume that a business is so difficult to manage that we don't have the ability to do so. And yet amazingly, I started my first business when I was 7 selling papers, I would buy Sunday papers for 50 cents and sell them for 75 cents because I delivered the Sunday paper early in the winter.  That simple.  A month later I had two employees, the babysitter's children and was pulling in profit from three buildings.

Most people want answers. Answers the way your boss tells you to sit there, do this this way, deliver it by this time and then go home. Thats what people miss in this book----being told what to do. But ultimately they want to be TOLD what to do, become rich and then they will have the freedom to be "free to do whatever they want". Being free is everyone's greatest desire and fear. We have become a society that values conformity over creativity.

People want to read Rich Dad, Poor Dad and be told, put 5 dollars in a red box for ten years and you'll be a millionaire. Do this the right way and your life will be perfect. This isn't the way to be successful. There are ways of educating one's self----first books like this. I recommend making a study of the entire Rich Dad Series. You must make a study of first money, then yourself, then what to do with both.
I further recommend Tony Robbins Personal Power, Getting the Edge, Awaken The Giant because you must articulate what you want in the Universe. What if money is similar to the concept of the Matrix? What if the difference between me and John D. Rockefeller is a Universal expression of my potential in material manifestation? Visualization, understanding what money is, how to use it, how to grow, what real estate is, learning to think.

I think I will end this lifetime as affluent. Why?  Because not only have I maintained studying these kinds of books but because my video "games" are HSX.com and  an Entrepreneur PC game.  I think that Kiyosaki's Rich Dad, Poor Dad shouldn't answer questions such as numbers of what to do or how to do because life isn't about hand holding in the concept that people want it to be and honestly every person is different in terms of commitment level and ability. Did Obi Wan teach Luke how to transcend death or lift an X Wing fighter the first time? No.

You have to understand business, law, taxes. Really considering my investment future, what to do with money I may receive NEXT year in my tax returns, looking at my 401k plans and realizing that I could invest the money better, avoiding mutual funds and then designing an exit strategy for invested money---a concept pushed from the get go in Rich Dad, Poor Dad ---Enter Strategies, How Much You Need For the Lifestyle You Want and then business Exit Strategies.
Thinking ahead, critical thinking about yourself and your financial life and desires.  This book will open your mind and then the rest is up to you.


Thank you,
Kyle Phoenix
kylephoenixshow@aol.com
http://kylephoenixsite.com/
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