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Mixed Review

Kiyosaki is right about two things:

1. Financial education in America is woefully inadequate. Parents need to educate themselves so that we properly educate our children - the schools just are not doing the job. Our kids graduate college with virtually no knowledge about investing, personal finance or practical economics.

2. As consumers we tend to gather liabilites instead of assets; especially income-producing assets. We need to start with personal financial statements and balance sheets and really plan for our financial future; especially retirement.

This book couldn't come at a better time. The Social Security system is bankrupt according to its Trustees. Yet, we have a middle class largely underprepared for retirement or taking control of their own financial future.

However, Kiyosaki has a most annoying writing style. He dangles I-am-about-to-tell-you-the-big-secret in front of the reader and then delivers small nuggets of common sense that are a lot less than the hype.

I disagree with Kiyosaki about the meaning of life- a life spent chasing riches in this world is empty and unsatisfying - merely chasing the wind. He seems to regard the acquisition of wealth as an end in itself. There is meaning to life when understood through the eyes of our creator and Father. God has the ultimate answers to our questions and the promise of a more abundant life.

Rich Dad was not a prophet - just a hard-working entrepenuer with more common sense than most. Rich Dad is worthy of respect but not worship.