The book Rich Dad Poor Dad by Robert T. Kiyosaki is really dangerous and absolutely badly written.
It is claimed to be the number one book for personal financial education. The catchy title suggests an interesting concept and a truly important topic: the financial education of our children and the proper understanding of how money works is a cornerstone for our adult life and financial well-being.
At the same time, the book is a major deception. The least of the problems would be that it is full of repetition and it is written in a big bow-wow style, which sounds sometimes disrespectful and sometimes just rant.
The real issue is its content. It is a pure apotheosis of money acquired in a wangler and advertising dubious ways of getting rich. Several statements or advices are contradictory and go against the reasonable level of risk-taking.
The book is also aging badly. The uninterrupted reference to Donald Trump as a brilliant businessman sounds highly controversial today.
The book also lacks any solid evidence or research to back up its claims. The author relies on anecdotes and personal opinions, which are often vague, misleading, or inaccurate. For example, he asserts that his rich dad was one of the wealthiest men in Hawaii, but there is no proof of his existence or his financial status. He also advocates for tax evasion, insider trading, and exploiting legal loopholes, which are unethical and illegal practices.
The book is not only poorly written, but also potentially harmful. It promotes a mindset of greed, entitlement, and arrogance, which can lead to financial ruin and social isolation. It discourages people from pursuing higher education, saving money, or investing in diversified assets. It encourages people to take on excessive debt, gamble on risky ventures, or fall for scams. It ignores the realities of the economy, the market, and the society, and offers no practical guidance or solutions for the common financial challenges that people face.
In conclusion, Rich Dad Poor Dad is a book that should be avoided by anyone who values financial literacy, integrity, and responsibility. It is a misleading, outdated, and dangerous book that does not teach anything useful or valuable about money or life. It is a book that really doesn’t deserve to be on the bestseller list.
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