The Total Money Makeover was written to dispel financial myths and outline a 7 step “money makeover” plan. Dave’s style is rough around the edges and he doesn’t tip-toe around issues. If you need a kick in your pants to start being financially responsible this is the book for you. The myths he dispels are important for those trapped in financial pit. The first few steps of the money makeover are right on.


1 – Debt is carries high risk and makes you financially “flabby”
2 – A step-by-step guide is outlined to get on your feet
3 – Financial security comes from within, but so do the problems
4 – The grass under your feet will feel different when you own your home
5 – You must have “Gazelle Intensity” to survive
6 – Avoid car payments. Instead, save cash and buy a quality reliable used car, like a lot of millionaires do as they build wealth.
7 – Being in debt has been so deeply engrained into our culture some people face ridicule from those ‘disciples’ of debt. Debt is not a tool. Instead, the added risk will eliminate any short term gains.


1 – He reads the audio book himself. His voice can (sometimes) be a little annoying. He is a professional talk show host so it’s not that bad though.
2 – The last few steps in the money makeover are debatable (i.e. paying off the mortgage completely, investing solely in mutual funds). That’s not to say they aren’t good ideas, there just might be some alternatives that are better for some people. He presents them as hard fact when there are many options once a person has considerable cash and no debt.
3 – This is rookie friendly but doesn’t advocate becoming financially literate.

Closing Remarks

If you are struggling with debt this is the book for you! It has some great advice for getting your feet underneath you. He commends people that pay with cash (even for their homes) and advocates a debt free lifestyle. It’s a fun read and you’ll enjoy his unique way he discusses the issues.

Buy the The Total Money Makeover: A Proven Plan for Financial Fitness

If you’ve read the book please leave a comment, we’d love to hear from you.

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Rich Dad Poor Dad Book Review

This book is named after Robert’s two fathers. His poor dad was an academic man with a PhD. His rich dad dropped out of the eighth grade. As an impressionable 9 year old boy he sought the secrets of the rich. Both his fathers had extreme differences in opinions. The book takes you through the lessons he learned from each dad.

Target Audience

Rich Dad is written to change the mindset of the reader. It very much targets the strategic level of personal finance. Instead of offering specifics on finance he offers a completely different way to look at money. The target audience are those people who are beginners. Beginners can be people with a lot of money or people with very little. Being rich has more to do with how you spend your money and less to do on how much you make.

How it affected me
This is a book that completely changed the way I think about money. This book grabbed me by the shoulders, shook me, and left me wide awake. There are some powerful truths in this book. Now I cringe when I hear about family and friends of mine buying bigger liabilities (i.e. Homes, cars, and consumer debt). While I’m tempted to buy toys instead of cash generating assets Rich Dad’s message comes into my head. I know that buying assets first requires more self control but the freedom in the future will be worth it.


One of the major criticisms is that “Rich Dad Poor Dad doesn’t give specifics on how to get rich”. I don’t know if I missed something but the book never indicates it’s going to teach specifics. Instead the book talks about the author being trained for almost 20 years before he ‘tests his wings’. The examples he does give are more overviews on how to think creatively about making money. The author encourages the reader to seek out ‘new recipes’ for making money. It’s an unfair criticism in that a single book can’t teach all things money related.

The next criticisms is the authors relationship to MLM or Multi Level Marketing. While he does advocate joining an MLM to build confidence and salesmanship he doesn’t say it’s the only way to do so. He offers his background in sales with Xerox as his personal example. He indicates that Xerox had the best corporate sales programs in the nation and he wanted to learn sales. He also joins the armed forces to learn how to lead troops. The criticism is blown out of context.

Memorable Quotes and Points

  • Robert Kawasaki has a best friend named Mike. Mike’s dad is “Rich Dad”. The two boys agree to be taught by Mike’s dad. They’ve just worked for ten cents an hour every Saturday for a month. Both boys want a raise. In the park Mike’s dad asked them if they have learned any lessons yet. They shrug their shoulders. He continues:

    “If you learn the lesson you’ll enjoy a life of great freedom and security. If you don’t learn the lesson you’ll end up like Mrs. Martin and most of the people playing softball in this park. They work very hard for a little money. Cling to the illusion of job security. Looking forward to a three week vacation and a skimpy pension after 45 years of work Now if that excites you, I’ll give you a raise to 25 cents an hour.”

    “Most people never see the trap they’re in…it’s fear and ignorance that keep people trapped.”

  • In some of his seminars he uses his CashFlow board game to teach with. There are some who draw an opportunity card and don’t have enough money to act on it. There are others who draw the same card, have the money, and are too afraid to act. Then there’s the majority of people that draw the card and have no idea that it’s a really nice opportunity.
  • Invest in assets instead of saving.
  • Learn how to read your personal balance sheet and income statement. In other words, become financially literate.
  • The poor buy liabilities. The middle class buy liabilities and believes they are assets. The rich buy assets first and buy liabilities with the extra cash those assets produce.
  • Select a job by what you’ll be learning not what you’ll be earning.

If you’ve read the book please leave a comment below.

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