Review of “Rich Dad, Poor Dad” by Robert T. Kiyosaki

Rich Dad, Poor DadThis book basically boils down to live below your means and invest the rest. Don’t fall into the trap of paying stuff on credit and “Keeping up with the Joneses.” This, of course, is completely sound advice and I couldn’t have said it better. The Rich Dad, Poor Dad was an unnecessary gimmick that he presented so he could humanize his advice and call on the authority of fatherhood, making the author someone who knows how to appeal to his consumers. I admire that in a person.

What really annoyed me about this book was how the author was completely against taxes and how they make getting richer harder. This seemed like typical American bullshit about how socialism is a terrible thing and we should all be capitalists (he even mentioned how he admires Donald Trump and his bravado when dealing with business, but to be fair, this is back before the Millenium).

Taxes are there for a reason. If you want infrastructure and social security, you better fucking pay taxes. The only country in the developed world which has issues about taxes on all socioeconomic levels is the US. Maybe it’s the socialist upbringing in me, but hey, taxes are still important. There is also the moral obligation that should exist in the rich to not exploit their workers and to pay their dues to the society.

All in all, if you are starting out to read more about how to manage your finances, this little book is a good start, but don’t expect anything else than a presentation of the money-making mindset.

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