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Rich Dad Poor Dad: What The Rich Teach Their Kids about Money... (Paperback) $12.99 + Del ($0 with Prime/ $39 Spend) @ Amazon AU

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Rich Dad Poor Dad: What The Rich Teach Their Kids about Money... (Paperback) $12.99 + Del ($0 with Prime/ $39 Spend) @ Amazon AUAffiliate
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nutcracker007 on 17/03/2023 - 13:49 amazon.com.au (551 clicks)
Last edited 17/03/2023 - 13:50 by 1 other user
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RRP $29.99

Full OP: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! $12.99 (RRP $29.99) + Delivery ($0 with Prime/ $39 Spend) @ Amazon AU

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  • King Steuart on 17/03/2023 - 13:51
    +9

    At $13 this is a bit of a doodad. Can probably borrow it from your local library for free.

    • UncleRico on 17/03/2023 - 14:51

      A doodad, you say…

  • SpiffyTheDog on 17/03/2023 - 13:53
    +5

    Is this any good, or is it as fantastically condescending as the title suggests?

    • andresampras on 17/03/2023 - 13:58
      +1

      read it and find out.

      Depending on your financial knowledge, you should at least find it mildly motivating, if not eye-opening as it was for me as a teen

      oh and….don't judge a book by its cover spiel :)

    • Meowgana on 17/03/2023 - 14:00
      +20

      The man makes his money by selling his rich dad poor dad merch + seminars on getting rich.

      • AustriaBargain on 17/03/2023 - 14:45
        +1

        Is it too late to start doing that too?

    • stockastics on 17/03/2023 - 14:02
      +2

      it actually helped me a lot.. was able to pivot into property and got a perspective on how to make money..

      • ihbh on 17/03/2023 - 15:12
        +5

        You were lucky. This guy started in MLM and promotes real estate, MLM, commodities, and other crap. He has no idea about shares (businesses) and makes numerous predictions. Imagine you got into his other crap. He doesn't seem to own many investments himself but exaggerates it. Most of the material was written by Sharon L, his former partner, and accountant. He is the front guy sprouting crap.

        Overall avoid.

    • dudleydoright on 17/03/2023 - 14:32
      +3

      Do you need to be told that having assets that generate income is a good thing? If not, you can probably skip it.

      Be wary that in some of these he pushes MLM's - presumably so the book will make it into the "recommended purchases for new entrepreneurs" that all MLMs seem to have.

    • alamodey on 17/03/2023 - 14:41

      learnt very little from it to tbh

    • King Steuart on 17/03/2023 - 14:42

      It's a very long way of saying 'Escape the rat race by not spending money'

    • jcon on 17/03/2023 - 15:36
      +2
      1. Assets are things which build your wealth by making income, saving costs or capital appreciation. Your car isn't an asset and that part of your house which is more than you need, but just want, isn't an asset.
      2. Liabilities are things which cost you money, such as the fourth bedroom you didn't really need but wanted as a craft room.
      3. Accumulate Assets, not Liabilities.
      4. Compound interest is great.
      5. Good debt is good. Bad debt is bad.

      And that's about it. A lot of the advice in this book isn't applicable to Australian conditions (or Australian law), and a lot of it pre-supposes a certain amount of privilege and opportunity.

      HOWEVER: if you need to buy this book to really, really get those five key points and incorporate them into your lifestyle, it's worth the spend.

      edited: added a key point.

  • jjcf on 17/03/2023 - 13:54
    +19

    Please stop paying grifters.

      • JudgeRizzo on 17/03/2023 - 15:04
        +1

        the author is 100% a grifter though … even if the ideas in the book are generally good advice, there's better books by people who aren't grifting people available

  • PiperDan on 17/03/2023 - 13:59
    +4

    Get a stick Porsche/Ferrari/Lambo. They hold their value. Solid advice

    • xoom on 17/03/2023 - 14:03
      +4

      Get 80k high yield investment car. Solid advice from westpac financial analyst.

  • Thrifty Dan on 17/03/2023 - 14:03

    My imaginary library of free books is expanding so much these days! Why should I spend a cent for this?

  • DASHCAM NOW DUDE on 17/03/2023 - 14:04
    +2

    "Rich Daddy Poor Father" would have been a better title.

    • King Steuart on 17/03/2023 - 14:43
      +2

      "Rich Dad, Pubs, Pokies & Cruises: The Generational Gap In Wealth And How Boomers Will Be Rotting In The Ground When The Great Financial Collapse Begins"

  • netjock on 17/03/2023 - 14:10

    Follow the author on Twitter. He has some interesting ideas about what is going on. He is a perma bear.

    I am putting $200 a month into the index for the kid since birth and use that to teach the kids magic of compounding and starting early.

  • erwinv on 17/03/2023 - 14:13
    +10

    Made his fortune selling the books, not because of the ideas in the book itself.

  • bemybubble on 17/03/2023 - 14:17
    +6

    A quick google search yielded this - for those who are extremely tight…

    • PopCounty on 17/03/2023 - 18:29

      You have saved some money for OzBargainers here. Whether the author saves or not, not sure.

  • Proliferation on 17/03/2023 - 14:24
    +13

    That book isn’t worth any real consideration these days;
    Yes it’s good to cut down on expenses like culling unnecessary subscription-fees and avoiding extravagant purchases and whatnot, but as for building wealth the only advice Kiyosaki has is to buy property, which, yeah was a good idea when it was written, but when wealth inequality has exploded the past ~30 years and income stagnation hit the point where your median gross earnings:mortgage-debt ratio has hit like 1:20 I’m not sure what you’re expecting people to do.

    • Brianqpr on 17/03/2023 - 14:42

      That was my take when I read it, basically spruiking commercial property.

  • [Deactivated] on 17/03/2023 - 14:29

    You need a lot of money for buying property these days, except for specific countries. It is a very difficult time to become rich, the risks are getting higher. Years ago, solid investments were the best solution, but I believe too many people did this since the prices skyrocketed.

    • Stopback on 17/03/2023 - 14:51

      That's what everyone says. But there is always a stock or investment if you

      • xoom on 17/03/2023 - 14:59
        +3

        If he what? Dont keep us in suspense man.

        • bargainhunter on 17/03/2023 - 15:06
          +10

          The rest is behind a paywall.

        • Trishool on 17/03/2023 - 22:50

          Buy his book on creating and managing wealth to find out.

  • trixieb on 17/03/2023 - 14:31
    +1

    Credit Suisse Will Collapse Next, Robert Kiyosaki Warns

    https://www.newsweek.com/rich-dad-poor-dad-author-robert-kiy…

  • ChairmanMeow on 17/03/2023 - 14:31
    +5

    Not recommended. Invest that $12.99 and you'll get more value out of it than buying this book.

    • Brakus on 17/03/2023 - 16:03

      Invest it on where? I think that's the point of the book.

  • futaris on 17/03/2023 - 14:34

    Something something OzBargain

  • shaybisc on 17/03/2023 - 14:45
    +2

    Complete your financial education with the Brian Houston classic:

    You Need More Money: Discovering God's Amazing Financial Plan for Your Life

  • trixieb on 17/03/2023 - 14:49
    +4

    The Ultimate Hypocrite: Robert Kiyosaki and His Company’s Bankruptcy

    https://thecollegeinvestor.com/4726/ultimate-hypocrite-rober…

    I've attended some of Kiyosaki's courses around Australia. He made his money from his books, expensive seminars and property boot camps in Arizona. He recommends MLM. After every seminar, I was chased by the Amway members that were there

  • Budju on 17/03/2023 - 14:54
    +1

    Don't read this book for anything other than entertainment

    • xoom on 17/03/2023 - 14:55
      +1

      Instructions unclear lost all my money investing in magic beans.

      • Budju on 17/03/2023 - 14:55

        Melt down those toothpaste tubes and make some money

  • Frozensage on 17/03/2023 - 14:56

    I paid $10 for this 2 days ago on amazon, thot was just normal price.

    Better book than barefoot

  • The Almighty Dollar on 17/03/2023 - 14:56
    +2

    Rich parents bought their son a house next to me. He’s probably in his early 20s and has hardly said a word to me or my kids during the 18 months he’s lived there. He’s not a hermit, it seems like he’s got a good job and is married. He walks past us and will only say “hi” or “good” when spoken to first. Grammar school kid who’s clearly had everything handed to him and developed absolutely no people skills throughout his life.
    There’s another guy who rents on the other side of me. Hard worker that runs his own business. Goes out of his way to not only communicate but puts a smile on my kids’ faces and we’ve become friends. He’s the kind of person my kids are going to remember from their childhood when they grow up and I’m forever thankful to him for it.
    Moral of the story is there’s many more important things that dads should be teaching their kids about than money. Even if my kids understood their respective financial situations, I certainly know who they’d say they’d rather be like in the future if I was to ask them.
    Considering the advantage the rich kids have, who really cares about what they tell their kids about money? Be a good person and don’t get sucked in to all the advertising that the rich spew out trying to get you to buy their products.

    • Frozensage on 17/03/2023 - 15:00
      -7

      some ppl just don't like talking to their neighbours. I never talked to the neighbours when I was growing up in my teens and through out my uni years. To me, we share nothing in common besides we just happen to live next to each other. Doesn't automatically make us friends or if we need to have a relationship. Plus, probably best you don't know too much about him, sounds like u r the social (gossip?) type, and what ever intel you gather might travel down the street.

      • The Almighty Dollar on 17/03/2023 - 15:08

        The place we live at, you can’t avoid running into each other. Having the skills to say “hi, how’re you”? isn’t much to ask. If you’re at work, you still say that to people you don’t like because it affects the overall team. That’s all I expect of people to be able to do, not become actual friends. Anyway, how do you know you shared nothing in common if you never spoke? Maybe if you did, or do with your current neighbours, your life or theirs might just be a bit better for it.

      • jsefrog on 17/03/2023 - 15:08
        -3

        Thanks for not living next to me. Where's your sense of community.

      • SurprisedPanda on 17/03/2023 - 20:22

        I suppose, the guy from the story replying :-)

    • jsefrog on 17/03/2023 - 15:07
      +1

      Well fking said sir, you are a guy I would choose to have a beer with at my local

    • fufufu on 17/03/2023 - 15:10
      +2

      1. How do you know his family circumstances when he doesn't talk to you? Ie his parents bought the house?

      2. Why do you think he has no people skills if he prefers not have small talk with neighbours?

      As far as I can tell this is all speculation and you have concluded he is not a good person because he doesn't spend time talking to you. Is that right?

      • The Almighty Dollar on 18/03/2023 - 09:35

        1: It’s not hard to figure out a guy just out of uni isn’t buying the place he lives in by himself with the job that he has. Surprised I need to explain that. His parents visit and appear just as bad as him.
        2: It’s not small talk, it’s common courtesy to greet people, no? That’s all I expect, not smal talk. Especially when kids are around, you just be nice. Skills this guy never learnt though unfortunately. Hopefully it’s not too late for him.

        • fufufu on 18/03/2023 - 10:57
          -1

          How do you know he's fresh out of uni? You said "probably in his early 20s" which means you don't actually know how old he is.

          What job does he have? What job does the wife have? Do you know or are you just guessing again? Maybe he has a side hustle/multiple jobs, maybe he didn't go to uni and started his company from highschool, maybe his household income is high enough for the mortgage. I suggest you stop assuming you know what others circumstances are.

          Surprised I need to explain this.

          There are many potential explanations why he wouldn't say hi to you also. I certainly do not take offence or start psychologial and financial profiling my neighbours if they do so, some just prefer to keep to themselves which should be respected.

          • The Almighty Dollar on 18/03/2023 - 11:37

            @fufufu: Far out. I’m not going to put every detail of my interactions on here. It’s a bargain forum and it goes beside my main point that there are far more important things to teach kids about than about becoming rich (and when you don’t, it leads to this kind of “rich dad poor dad” mindset and increases your chance of becoming a simple minded prk, and when you do teach them you can turn into the type of person my other neighbour is, who makes life better for those around him). To explain the story further for you though, as that’s all you seem interested in, I spoke to him a bit when he first moved in, hence why I know. It was then he happily told me he went to (the local) grammar school, began talking about his investments (completely out of context) and other info which helped me form my opinion. My opinion of him doesn’t matter though, everyone’s different and he may think the same about me.
            It’s 100% fine to keep to yourself, but ignoring a child that says “hi” to you when you cross paths is just very strange and clearly shows you lack some basic skills that will affect your life eventually. It’s not only this behaviour, I could certainly list more, but there’s no need as it’s not my main point.

  • tightm8 on 17/03/2023 - 15:03
    +1

    They send them to private schools, set up charitable foundations where their kids participate and obtain board memberships on, use private school connections to get ahead in uni applications/job applications.

    Summed the book up for you. Saved you $13. You can now buy 13 schnitties.

  • expertreader on 17/03/2023 - 15:25

    Have a look at this guy on YouTube. He makes the exact same predictions in every new episode - loves the scare tactics and from the look at number of subscribers on his channel seems to have a big following. If you say “market is going to crash” enough times, you will be right some day for you to boast that you have been saying that for years 😁😁.

    Avoid like a plague.

  • Ok computer on 17/03/2023 - 15:37

    Waiting for his new book,
    Bankrupt Dad, Poor Dad ( apparently he has significant experience with bankrupy)

    • xoom on 17/03/2023 - 15:38

      Would you then say he is an expert at the subject matter?

  • shmahoo on 17/03/2023 - 15:37
    +2

    I learned all I need to know about making money from South Park's Underpants Gnomes.
    Still working on "Step 2" though

  • 00 on 17/03/2023 - 16:31
    -1

    Is there a Rich Mum Poor Mum?

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