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Rich Dad Poor Dad

Robert T. Kiyosaki

19 readers recommend it across 17 discussions

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Original Hacker News comments, in the readers’ own words.

croo
I'm sorry but no. I read a lot of books where the narrative is a lie in order to tell a story. It does not make the message wrong. I also read Rich/Poor dad around 18 and it had a profound impact. I understood how should I think about money, I understood what cashflow is, how companies different from simple humans in terms of tax and a tonns of stuff like that. It's just a good introduction to basic finance for those who don't have a clue.
tacostakohashi
Rich Dad, Poor Dad It's by no means a great book, but it covers the basics, it's accessible, and I read it at just about the right time around 18 years of age. Something better / more modern might be: https://www.penguinrandomhouse.com/books/317640/the-index-ca... (https://www.penguinrandomhouse.com/books/317640/the-index-card-by-helaine-olen-and-harold-pollack/9780143130529/) Learning the basics of accounting goes a long way too. Unfortunately, you also need to read up a little bit on the gory details of taxes and deductions, pension schemes, etc in your country, and that stuff changes all the time, so the books and knowledge rapidly gets out of date - you want to try not to get distracted by the minutiae of that, and focus on accounting, assets and liabilities, income and expenses.

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rootsudo
Actually - any college level book. There are tons, they're cheap on ebay, look for pearson or mcgraw hill. If you're creative, you can probably find a epub/pdf. But even the DK Eye Witness have a good idea - how business works, how money works. Financial system, economics, monetary policy become very simple with pictures, and even easier on an spreadsheet. Even more so is how many people don't know how much the government does in collecting statistics to analyze and examine the health of the economy - The BLS https://www.bls.gov/ is a great resource and once you have a basic understanding (or know healthy or "safe" numbers) you can explore other country economic numbers and see if they make sense (or not!) e.g. https://psa.gov.ph/ for Philippine Statistics. Contemporary Financial Management is great - Accounting Princicpals are also great (can you read a PL sheet? Do you know GAAP? How about Compliance regulations?) Just "money" is one piece of the puzzle - money is a tool and that tool has been transformed into different pieces that fit what we do finance in life -…
gtsteve
About 10 years ago I read a book called "Rich Dad, Poor Dad". In summary, it describes a different way of thinking about money and wealth and the mindset of a successful person versus one who struggles with money. For a long time I had wanted to start a business but after reading that book I truly believed I could. It was a long journey but I now run my own software business and I honestly would not have started on this path had my friend not recommended it to me. To be honest, I'm almost embarrassed to admit it. It is not high-brow literature, and I don't even think it's considered to be a good book on being an entrepreneur, but it was a very important part of my story.
homoSapiens
1. Think and grow rich: Thought me about goal setting, opened my eyes to the fact that a man can rise from his humble beginnings to any height he want's to attain if he is willing to work for it. 2. PHP for dummies: My first exposure to the world of programming, since then I've never looked back. 3. Rich Dad, Poor Dad: Changed my thinking about finance, I don't know how I would have handled my finances if I hadn't come across this book as a teenager, I feel so lucky to have read this book. I would have been stuck in society's harmful way of handling finance.

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lazyjones
First part of the question (actual influences): 1) Philip and Alex's Guide to Web Publishing (not strictly a book). http://philip.greenspun.com/panda/ 2) The "Dragon Book" https://en.wikipedia.org/wiki/Principles_of_Compiler_Design 3) Computer Architecture: A Quantitative Approach Second part (at hindsight): 1) https://en.wikipedia.org/wiki/Rich_Dad_Poor_Dad (cheesy, but useful) 2) http://toddkashdan.com/upside.php 3) https://www.schranner.com/de/news/2012/04/16/-verhandeln-im-... (https://www.schranner.com/de/news/2012/04/16/-verhandeln-im-grenzbereich-und-teure-fehler-jetzt-auch-im-apple-ibook-store) - German book about negotiations written by an experienced hostage negotiator.
humanarity
Meditations (Marcus Aurelius) - incredibly clear ideas probably clear-up 80% of issues you have with everyday life The Bible (& The Gnostic Gospels) - I love the idea that Jesus was a real guy who (literally) petrified his childhood playmates because they "vexed" him by dispersing his anti-gravity water :) Atlas Shrugged - no excuses Self and Others - personal pyschology Seth Speaks - a lady channels an interdimensional being The Road Less Travelled - a psychoanalyst's memoirs Letters to a Young Artist - encouragement for going your own way, a series of letters The Alchemist - help you read the signs from the heart of the World for your own path An Introduction to Zen Buddhism, et al (T. Suzuki) - really interesting, non-duality, higher third unification of opposites Hear the Wind Sing (Murakami) - really bizarre and pure, his first one written late nights at kitchen table after working in a bar, before he became famous Rich Dad Poor Dad - solid advice Discrete Maths (Rosen) - interesting and very learnable, a great reference An Imaginary Life (Malouf) - great clarity of writing The Solid Mandala (Patrick White) - amazing observation of people
joelmaat
The Way of The Superior Man The Art of Learning As a Man Thinketh Thinking, Fast and Slow Think and Grow Rich! Psycho-Cybernet​ics Peopleware: Productive Projects and Teams Rich Dad, Poor Dad
JacobAldridge
Rich Dad, Poor Dad opened my eyes to some commercial realities of the world. I realised the career I was training for wasn't going to give me the life I wanted, so I began focusing more time learning about money, investements, business etc. 7 Habits of Highly Effective People is a book I've never been able to get more than 1/3 of the way through, but its 'Circle of Control' framework made me a much happier and more content person. I enjoyed Dale Carnegie, but took some of the lessons on board a little too much, which got me into trouble in some social situations where I didn't have awareness (eg, using mirroring or copying techniques to build rapport, and later discovering I was standing next to my girlfriend and flirting with other women!).

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charlesju
Why? What advice does he give that isn't genuine? From what I remember, the book's premise is about using money to make more money and that true wealth is a derivative of investing wisely. Sure, maybe for you this is a no-brainer, but for the average American and perhaps the average hacker this concept can be life-changing.
Arun2009
My key takeaway from RDPD was a confidence that getting rich is not as hard as the typical middle class person is often led to believe. His entire attitude towards money is infectious. That alone makes the book worth the read. Also that fact that it's a very small book, which means the time investment required to read it is very low. I love little books for this reason.
simplyauser
I have read many of the recommend books. Here are my two pence. Books on Wealth 1. "Rich Dad Poor Dad" and find out exactly why someone becomes rich. (if you like this one, at some point you may also want to quickly scan through "Cashflow Quadrant Rich Dad's Guide to Financial Freedom".) 2. Also "chapter 6 - How to make wealth" from "Hackers and Painters's chapter 6 - " 3. "The Way to Wealth by Benjamin Franklin" Investing books in this order 1. Peter Lynch's One Up on wall street 2. The Intelligent Investor (Ben Graham) 3. Common Stocks and Uncommon Profits 4. Security Analysis (Ben Graham) 5. The Warren Buffet Way is a famous business read not exceptional but read it if you have some time left 6. A Random Walk Down Wall Street (Read it for a good laugh) Do NOT read 1. AA- The Motley Fool Money Guide 2. How Gerge Soros Knows What He Knows 3. Investing Online For Dummies 4. Malkiel Burton - A Random Walk Down Wall Street 5. Cracking the millionaire code 6. Joel Greenblatt - You Can Be A Stock Market Genius