Rich Kid Smart Kid by Robert T. Kiyosaki--Book Review

Rich Kid Smart Kid Giving Your Child a Financial Head Start by Robert T. Kiyosaki (with Sharon L. Lechter, C.P.A
ISBN 0-446-67748-5

A friend from work gave me this book when we were having our yard sales. She told me to take it and make my kids rich. I've heard of the Rich Dad Smart Dad book, but hadn't ever read it.

I found this book to be quite interesting. He talks a lot about homeschooling in this book, although he has no children of his own. He talks about it because he talks about all the different types of learning styles and how the public school only caters to one learning style. He also states how the public school system does not give children a financial education. Children end up being label learning disabled even though they aren't...they just have a different learning style. Some are born to be text book learners and do excellent in school. Some are born hands on learners, and don't. Those are just 2 examples.

As I read the book, he talks a lot about the game of Monopoly. He loved the game as a child and would even sit for hours playing it by himself. He goes on to say his rich dad taught him that life if like the game of monopoly. He said how to get rich is just like in the game. You buy 4 smaller properties, then in turn sell those 4 properties to buy 1 large property. I thought oh boy, this book is going to tell me that to get rich you needed to invest in real estate. At that point I wasn't sure about reading the rest of the book, after all, I would never have enough credit to even get started in any kind of real estate...I won't ever even own my own home. I'm glad I didn't stop reading.

The book is set up in to 3 parts: Money is an Idea, Money Does Not Make You Rich, and Finding Your Child's Genius.

Money does not make you rich.....I enjoyed reading this section. He states that his rich dad and smart dad both taught him that money does not make you rich. What makes you rich is giving and being kind to others. What you do with your riches is what makes you rich, not how many riches you have. If you are wealthy, but don't share that wealth with others, then you are not rich.

The book repeats a lot of the same information over and over, which is good as it keeps it fresh in your memory as you keep reading.

He goes over the different learning styles. That was one of my favorite parts of the book. However, my favorite part of the book, and what makes the book a keeper for me, are the last sections. In the last sections we get the notes and such from Sharon L. Lechter, who gives step by step instructions on how to teach your child financial lessons. Everything from going to the grocery store, to going to the bank, to visiting an apartment building. Each place going into every area financially of what is involved in each place.

I give the book an A rating. Now that I have read this one, I want to go on and read the other books Robert T. Kiyosaki has written. I also would love to own his boardgame, CASHFLOW.