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  • Rich Dad Poor Dad: 20th Anniversary Edition

  • What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!
  • By: Robert T. Kiyosaki
  • Narrated by: Tom Parks
  • Length: 8 hrs and 22 mins
  • 4.7 out of 5 stars (1,603 ratings)

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Rich Dad Poor Dad: 20th Anniversary Edition

By: Robert T. Kiyosaki
Narrated by: Tom Parks
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Publisher's Summary

The #1 personal finance book of all time... translated into dozens of languages and sold around the world.

Rich Dad Poor Dad is Robert's story of growing up with two dads - his real father and the father of his best friend, his rich dad - and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you. 

20 Years... 20/20 Hindsight
In the 20th anniversary edition of this classic, Robert offers an update on what we’ve seen over the past 20 years related to money, investing, and the global economy. Sidebars throughout the book will take listeners “fast forward” - from 1997 to today - as Robert assesses how the principles taught by his rich dad have stood the test of time. 

In many ways, the messages of Rich Dad Poor Dad, messages that were criticized and challenged two decades ago, are more meaningful, relevant and important today than they were 20 years ago. 

As always, listeners can expect that Robert will be candid, insightful... and continue to rock more than a few boats in his retrospective. 

Will there be a few surprises? Count on it. 

Rich Dad Poor Dad...

  • Explodes the myth that you need to earn a high income to become rich 
  • Challenges the belief that your house is an asset 
  • Shows parents why they can't rely on the school system to teach their kids about money 
  • Defines once and for all an asset and a liability 
  • Teaches you what to teach your kids about money for their future financial success

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©1997, 2011, 2017 by Robert T. Kiyosaki. (P)2017 Brilliance Audio, all rights reserved.

What listeners say about Rich Dad Poor Dad: 20th Anniversary Edition

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Do you literally know nothing about money?

I half listened to an interview with Mr Kiyosaki on the economic impacts of the coronavirus. He did a great job of creating a sense of urgency and implying that he had specific, actionable knowledge. I listened to the whole interview, but I couldn't really pin down anything specific from it. I put this down to me not properly paying attention, and resolved to just get this book to see what knowledge lay within.

Basically, I would summarise this book like this: Mr Kiyosaki doesn't give many specific examples, but he does mention buying property with a 16% yield and buying property and selling it for more than double. If you want to learn why those are good things, then this is probably a great book for you. If you want to learn how to find opportunities like that, then this book doesn't really tell you much.

Personally, I felt that the content of the book was obvious, at too high a level of generality to be useful, and expressed very inefficiently. I don't think that we really need a folksy, long waffling anecdote to illustrate obvious points, and having the inefficient study session sections that basically repeat the same anecdotes a little more efficiently grew tiresome very quickly. Particularly when they payoff was something like "education is good" or "you have to take risk to earn more."

Mr Kiyosaki's attitude towards risk was something that struck me as particularly poorly fleshed out. He offers disdain for the "mutual fund" and the diversification that it supposedly offers and he offers some comments that diversification will lower your returns, so you should concentrate your assets in things that you know more about, and you should start early so that if you make losses you have more time to recover. That's sort of the "what", but what would be much more useful is the "how". It is particularly annoying that Mr Kiyosaki is quick to intersperse the book with self-congratulatory examples of how he found some great deal, and he talks about having made mistakes and lost money, but he doesn't give details about that or, more importantly, how he recovered. His idea is that most people are too timid, but he doesn't offer much to address the reader's fear of failure.

The book also seems to be based on the USA, but doesn't clarify this, which may be important if the reader's local laws differ, for example the tax treatment of various assets. Mr Kiyosaki gives an example of avoiding contracts to sell his properties by making them contingent on the approval of his business partner, then having the business partner be is cat and saying the cat didn't approve it. Maybe that is acceptable in the USA, but I wonder if it would enable the buyer to sue Mr Kiyosaki (or the reader) in other jurisdictions.

Needless to say, I don't think I missed much from Mr Kiyosaki's interview on the coronavirus. Clearly, the book wasn't for me. If you are after something that uses a lot of folksy anecdotes to explain some very simple concepts in an approachable and fun way, it might be for you.

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Not useful and very repetitive

Just keep talking about house is not an asset, don’t work for money, make money work for you. Very repetitive and it’s all talk. Doesn’t actually tell you anything useful - all common sense. Wouldn’t recommend.

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Love it or hate it

This is a hard book to like. Ideas are largely contrary to those in logical finance books. Credit to Kiyosaki for not only achieving what he did but also for being willing to share it but his guidance masks a combination of substantial work and a lot of luck. At times he makes it seem so easy it’s like a get rich quick scheme.

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Best book I've ever read!

Best book I've ever read! The content is life changing, it opens up a whole new perspective to achieving financial freedom.

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Don't Work For Money

Robert says don't work for money (except for the first third of your life where you need to accumulate wealth to be able to do anything he suggests). Robert makes some good points, not all of them practical for people who are not yet millionaires. Sure I want to quit my job and invest in real estate but to do that you need a pile of cash...and starting your business is like a 50/50 gamble. Take from this what you want, but don't quit your job just yet!

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Amazing

I actually read some bad reviews before purchasing this book. How wrong they were, they simply did not get it; This book is life changing, I wish I found it 20 years ago!! Buy it and start believing.

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Experience of a lifetime

many of the things I learnt in this book I will try to carry forever, yes it does repeat and summarise every chapter which can get annoying. Robert does this for a purpose and to hit home on certain subjects

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The Best!!!!

I thoroughly enjoyed this book by Robert K. I even started to read Rich Women by Kim K.
Great book and really true what it says about the rich and poor mentality. I will give this book to my kids when they are bit older. Highly recommended.

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Wouldnt Recommend, watch a YT book summary instead

Very repetitive. Written for a thick headed audience. Good core message: 'Acquire assets, not liabilities'. Recommends cavalier investing.

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Brilliant

Absolutely loved it and have already started implementing the many golden nuggets within this book.

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  • Ryan
  • 22-05-2019

if you've read the original, this is too similar

I wouldn't recommend getting this if you've read the original since it seems like the only changes are a bit in the beginning and breaks in between chapters to summarize and review. If you have trouble reflecting on what you've read, then the review sections may be of more use to you. It's still an amazing book and this is the definitive version if you're just getting it for the first time.

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  • Allery
  • 03-06-2019

Dope book to begin your journey of financial literacy

I just downloaded the book and only in the first few chapters but I’m already learning things that I haven’t heard before! I love it so far and recommend to anyone looking to get out of the “rat race”. Also take a look at the pdf files included with the book. In order to do so go to the desktop version of your audible account and go to library, there is where you’ll be able to download the PDFs

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  • Mark Estrada
  • 22-05-2019

Great Book - No Access to PDF of tables & graphs

The book is great and so is the performance of the narrator. But without access to the PDF of the information they mention in some of the chapters, I feel as though I'm missing out on something.

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  • Professor PM
  • 27-09-2019

Even though updated, it's traditional advice

I really wanted to like this book, but what got to me was the constant repetition like I was a 5 year old. Beyond that, there were some good concepts and things to think about. Most of it, however, felt very old and traditional, and not what would work well in 2019. It's a different economic climate now than it was when the book was originally written, and the tone and overall principles were not updated--they feel very 1980s. Comments like "That's what friends are for" (to give you great tips on good investments) and advice like "get and maintain rich friends" are kind of inauthentic for younger generations. I also found a lot of talk about things, but no instruction on how to actually implement anything. Overall I'm afraid I can't recommend this book.

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  • Ian Wagner
  • 08-07-2019

Good book, but terribly cut for audible

This book is pretty good, and confirms a lot of things I’ve come to realize on my own over the years. I must say the first 2/3 or so of the book is really solid, but it gets less insightful and the advice more sketchy toward the end.

Unfortunately, the audible version is cut terribly. It makes no sense to have the study questions from chapter n at the start of chapter n + 1. These should be totally separate chapters in an audiobook. Really disappointed that audible screwed this up so bad.

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  • mark
  • 13-03-2020

I am already looking forward to dealing lemons

I am 55 I wish I would have read this book 20 years ago. I was arrogant and lazy. That's all changing after reading this book.

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  • David Montgomery
  • 16-08-2021

Avoid this author's mistakes

Dangerous advice (ex: don't save, invest in companies you learn are about to go public, invest using large amounts of leverage) with occasional good advice sprinkled in (build passive income, build financial literacy). If you can't tell the difference you risk finding yourself over-leveraged with multiple bankruptcies like the author. If you can tell the difference there is nothing to gain from this book.

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  • Kelly A. Switzer
  • 12-08-2019

Good advice but...

Good advice but not much in the way of actionable help. "Think big" and "take risks" and "exercise your financial genius" aren't very helpful.

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  • Mark
  • 06-02-2021

Not worth it

Generic self help with very little specific financial advice. Fetishizes employers and being rich. Does anyone even believe the stories in the book are real? I'll take my financial advice from someone who was actually successful BEFORE their success book.

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  • JJS
  • 28-05-2019

Must read for investors!

If you are lookong to invest in stocks, real estate, or any other means of investment, read this book. If you consider yourself "middle class" but don't know how to make it out of the "rat race"....read/listen to this book. It will change you life!

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  • David Asher
  • 18-10-2020

Overhyped!

I heard such good reviews about this book and maybe that set my expectations too high. But......... TBH I was bored for most of it.
Let me save you a good few hours and summarise;
1) - Buy assets not liabilities
2) - Start with loads of money
3) - Invest wisely

And you'll be rich!! Who knew!

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  • ValhallaDestined
  • 13-08-2020

Disappointing

So lots of people rave how this changed the way they view money and there are some half decent points made but most of which you will already know if you have any money sense.

The issue is that this is very American and is also, even with the update, out of date in how things work now and what can and cannot be done.

I am not saying it is not worth the listen but it really does not provide anything special or relatable for this period of time.

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  • RD
  • 24-09-2019

A blog post...stretched in to a book

I have been putting off reading/listening to this book for a while. I enjoy nonfiction books to learn new perspectives, but I found Rich Dad painfully slow and vague. Each chapter feels like it is building to a big reveal and conclusion, only to end with a repetitive summary of the build up.

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  • Simon
  • 21-06-2019

Never Gets Boring

I've read this book several times and I listen to it all the time in the car.

I struggle with some audio books but the narrator really emphasises the points that needed.

If you're interested in listening to self help finance books then this will not disappoint.

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  • Dave Cassim
  • 09-01-2020

my entry to financial education

I highly recommend this book. I unfortunately only read it in 2017 when just about 30 years old, if only I had done that earlier! But an even more terrible thought would be to have read it even later or never... I now invest, trade and have several years of living expenses saved should I need it. I've done a multitude of financial education courses on udemy and other sites, have read a load of other, more technical books on the subject and have developed a deep appreciation of money and the markets. This book is my go-to recommendation and a frequent Xmas/birthday present for others who haven't yet started learning about money 😇👌

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  • G. B
  • 30-08-2021

Basic capitalism

There's some good stuff in here about buying assets instead of liabilities. Fairly basic, but still useful advice for a lot of people. It does a lot of fawning over capitalism and criticising of taxation without considering what would happen without taxation. The author hides behind this slightly with the titular "Rich Dad" saying much of the most capitalist things, but it nonetheless is quite unpleasant in parts.
Overall, a good primer on big concept personal finance. Very American.

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  • Chris Mitu
  • 02-04-2021

Very 'motivational' and salesly

I was very excited to listen to this highly recommend best seller. unfortunately it is full of what feels like made up anecdotes. it feels more like a motivational speech than a business book.

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  • Bogdan
  • 23-07-2020

Great 4 hour book made in to 8 hour repeat.

Great book. Unfortunately it contains too many repeats. Every single chapter is repeated, at least twice. Is it technical issue?

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  • Seah Kim Teck
  • 20-04-2020

It changes mind. You will benefit from it greatly.

You will not regret learning something you hope you did. It will help you open up your mind

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  • Craig Griffiths
  • 15-07-2019

Great book!

Very interesting and well worth getting. it's been on my list for while I should of got it sooner!

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