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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!
Narrated by: Tom Parks
Length: 8 hrs and 22 mins
4.5 out of 5 stars (307 ratings)

Non-member price: $20.88

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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 Publishing, Inc., all rights reserved.

What members say

Average Customer Ratings

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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.

1 person found this helpful

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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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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.

2 people found this helpful

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I love it

I love it, learning new things which are changing my life. I recomand it to everyone.

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It’s a top seller for a reason

Great book! A lot of very good ideas and very well explained. Will listen to it again. Thank you

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A must-read after you’re 7 years old

I am just waiting for my daughter to become 7 to start playing cash flow and start investing together

Enjoy the ride of investing
Saúl

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Inspirational, educational and captivating

fantastic book, great insight into the mind of the writer, which is the mind of the educated investor.

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This is a game-changer to how I see money

It has lots of good points in this audio, there were some stuff that I questioned example Paying myself first.

After realising the meaning of it and actually implementing it into my life, it does motivate me to look for other sources of income.

it's a great audible and I recommend it.

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Loves this book!

Absolutely awesome book, really changed the way I looked at spending money and has motivated me to start making more passive income!

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oh how I wish

i wish I read this 20 years ago.

looks like my review needs more words.

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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

24 people found this helpful

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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.

64 people found this helpful

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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.

30 people found this helpful

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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.

13 people found this helpful

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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!

3 people found this helpful

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  • 匿名
  • 13-08-2019

Greatly read and with additional sections

It was recorded with great quality and with additional sections that help with the comprehension of each chapter

4 people found this helpful

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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.

1 person found this helpful

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  • ACustomer
  • 09-10-2019

Don’t buy! Waste of time & money!

This book is a terrible waste of time and money!!
I got it to learn about investing and finance, and there is ZERO useful information in this book!
The writer may be an awesome investor that made millions, but he is extremely stringy with his knowledge. He is a true salesman that talks a lot and says VERY little. The content is very superficial and dumbed-down from beginning to end, practically treating his readers like idiots, and the same few concepts are repeated over and over and over again... like how important it is to have financial IQ (no kidding!! That’s why we purchased the book!!) but makes zero attempts to teach anything about it. And how having a house is a liability, not an asset (repeated so many times that I started skipping forward whenever he started talking about this again). I kept going on though, hoping that maybe he’ll get to the point in the next chapter... then the next... but nope! This book is AWFUL! Thank God that Audible allows you to exchange this with something else so I can rid of this crap asap. But you want to listen to a lame, 8-hour informercial about how smart he is, then buy this book

5 people found this helpful

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  • Ej
  • 14-09-2019

seeing rich for the first time

definitely a life changer think about putting actual eyes on for chance and seeing everything the way the rich do.

1 person found this helpful

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  • Justin Mcmillian
  • 20-08-2019

Great advice

Great advice, but my file kept repeating the same things...glitchy throughout. I could have been smoother, but seemed repetitive to me.

1 person found this helpful

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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.

4 people found this helpful

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  • Dave Cassim
  • 09-01-2020

This book was a great investment!

This book is fantastic to kick start your money adventure. I picked up a used copy a couple years back and have since saved about a third of my disposable income, started investing and have started learning about stock trading and real estate... I've now also purchased the audio book and listen to it to refresh the fire this book started in me.
Get it!

3 people found this helpful

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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

2 people found this helpful

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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.

2 people found this helpful

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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!

2 people found this helpful

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  • 匿名
  • 16-05-2020

inspiring

great book, very inspiring and educational. opens your mind to wealth generation and how to succeed

1 person found this helpful

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  • Vaidas
  • 14-05-2020

Inspiring

It inspires you to go and do it more than teaches you. But definitely worth it. Narrator is perfect.

1 person found this helpful

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  • the book of mere
  • 07-05-2020

mindset change

loved it. different perspective on financial freedom and personal wealth. would recommend to anyone that wants more from life

1 person found this helpful

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    3 out of 5 stars
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  • James Elliott
  • 02-05-2020

So repetitive.

So repetitive does a chapter then basically repeats it at the end. Got very bored of that. Good advice and tips on the whole tho.

1 person found this helpful

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  • 匿名
  • 21-04-2020

loved it, very good read and amazing tips

loved it, very good read and amazing tips made it easy and meaningful with examples

1 person found this helpful