The #1 Personal Finance Book of All Time?

Rich Dad Poor Dad by Robert Kiyosaki

I fought him throughout my entire reading experience. Many of Kiyosaki’s ideologies were hard to swallow, and I realized that I fell into the category of “Poor Dad” more often than not.

I have made a promise to myself, and I have made a challenge with myself. The promise is that I will never attempt to do something only for the sake of making money. Money is certainly allowed to find it’s way to my bank account, but I pray it does so by way of truth and passionate work.

The challenge is to put into practice the things that I read in books like these, to follow the authors who obviously know well more than I do about their book’s topic.

This book caused a riff between that promise and challenge. I must choose to which I will hold. Both cannot live peacefully together.

These were my thoughts as I read, my stomach dropping and my face reddening with every almost-accurate accusation of the “Poor Dad” philosophy, conflicting with my quickening pulse rate at every noticed and potentially seizable opportunity that the “Rich Dad” in me could see vividly. Until near the end, when my decision was made easily without much further effort. To spare the intensity, I chose to stick to my promise, and I will close this post with the reason why.

This is not to say that I learned nothing or that Kiyosaki has lost his mind. I, of course, learned quite a bit from him, and I call myself rather learned in many things financial. The man is intelligent, and I am drawn to it. There is much to be gained from reading this book, and I do not by any means condemn it. On the contrary, I think it should be read.

I am only attempting to disclose my inner turmoil brought on by my reading. I found myself being offended, a circumstance I labor assiduously to avoid daily. When I become offended, my thoughts become muddied, and I will search all the more tirelessly for contradictions and falsehoods.

Therefore, I acknowledge the unfairness Kiyosaki is receiving on my behalf. To bring it back to a level playing field, I will say it again, I think this book should be read!

When you read, look for his methods of tax deferment in real estate and his recommendations on asset acquisition, although his practice for each is not far from unrealistic for the large majority of America. Still, good information to know and store in the case that you find yourself able now or in the future.

Once again, I promise I don’t make this stuff up, but Robert Kiyosaki shipped off his first shipment of Velcro wallets (that he invented) the night before his thirtieth birthday! I mention it briefly in the opening statements of my book, which you can find here if you wish. But I digress.

Kiyosaki finally pushed me over in chapter eight when he attempts to convey that our system is broken, that we have become dependent on work and government. I agree with him. But I will quote him. There is a piece to his puzzle that I believe to be a great flaw.

The problem is that our financial genius lies asleep, waiting to be called upon. It lies asleep because our culture has educated us into believing that the love of money is the root of all evil.

Kiyosaki, Rich Dad Poor Dad

*Sigh*

No, Robert. Our culture instructs us otherwise, the opposite, as a matter of fact. It was Paul who educated us in these veracities. This, for once, and of all things, is not some societal downfall. This is truth. The love of money IS the root of all kinds of evil.

So, you see, the dilemma became extricated rather quickly. I will, therefore, keep the promise I made to myself. I’m not chasing money.

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