Subcategories : Reader's Corner : Book Review: 'Rich Dad Poor Dad' by Robert T. Kiyosaki

If you want an easy-to-understand financial literacy book, this is for you!

Rich Dad Poor Dad is a personal finance book written by Robert Kiyosaki that aims to teach readers how to grow their wealth through wise investments and financial literacy. This is actually a good book to enlighten ourselves with Financial Independence. I remember myself rummaging through the cluster of financial literacy books on the store and this has a catchy writing style. It is simply written that a child could actually understand the text.

While the book offers valuable insights into money management, I’d like to also point out that there are some flaws to it. The book centralizes on anecdotes and personal experiences that often lack concrete advice and actionable steps for readers to take, leaving readers to piece together their own financial plans. Because of its oversimplified nature of explaining financial literacy, some of its advice and examples are heavily scrutinized. For example, the concept of using debt to grow wealth may work for some, but it can also lead to heavy financial burdens and bankruptcy if not used wisely.

As for me, it is a matter of perspective. We should also read other sources so we can cross-check relevant information. It is important that we still observe critical thinking in reading, so we know what part of the text is a major red flag. Nevertheless, I would still recommend this book to those who are still starting to gain knowledge about financial literacy or for those who have zero knowledge about it.