Rating:  Summary: Good information, but painfully repetitive. Review: How do you rate a book that has some excellent advice, but 90% of the text is redundant filler? I chose three stars because even one good idea is worth a few hours of your time. I think I would have enjoyed the audio CD more because it's probably more condensed.The book warns of many financial obstacles, but has little in the way of strategies to avoid them. Here. . . I'll save you some time: The stock market is going to crash around 2016 because of a law called ERISA, so prepare yourself accordingly. You can make money in up and down markets if you know what to do. Don't trust your money to mutual fund managers. Buy, hold, and diversify is not the great strategy you think it is. Educate yourself financially, but if you don't, stick with buy, hold, and diversify. Real estate is a better investment for many because you can control it more readily. There. . . now you don't have to read the book. That'll be twelve dollars.
Rating:  Summary: Prophecy: Timely and Scary for Majority of Baby Boomers Review: I did not expect to get much out of this book. I expected the usual litany of admonitions and suggestions available in hundreds of articles and basic books on finance for the masses. Despite that low expectation, the first chapter had me hooked. With an aging population, turmoil in the stock markets, and lack of knowledge about how much money is needed for retirement, author Robert Kiyosaki gives specifics to support his theory about predictable problems facing those who hope to retire. The book won't appeal to people who are satisfied with their current job and have no plans to change in the future. But for those who care about government policy and how these policies and demographics are impacting our society, the book is eye-opening as well as easy-to read. The "rich dad, poor dad" vehicle gets old but is stiff an effective and sometimes entertaining vehicle for conveying information.
Rating:  Summary: Another part of the Rich Dad Poor Dad Review: Robert Kiyosaki always has a great style of writing. His books are always easy to read. (Just a detail: I enjoyed this book taking sun-baths around the pool in the Royal Paradise hotel in Sharm al-Shekh, Egypt.) If you haven't read any of Robert Kiyosaki's books, this is probably the best one to get. While he says you need to have a "financial education", the money you spend on this book couldn't be spent better. Rich Dad's Prophecy is most certainly a must read book for anyone who has money invested. No one is safe, although only knowledge not fear is the key to investing. So, I highly recommend Rich Dad's Prophecy for anyone who plans on retiring in the next 20 years. I also recommend Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
Rating:  Summary: Intelligent readers will be rewarded Review: Although I enjoy Kiyosaki's entertaining writing style, I really enjoy how informative his books and this one in particular are. In Rich Dad's Prophecy we learn why we shouldn't trust mutual fund managers (although this book was written over a year ago, look at what is happening right now with mutual funds), why "buy and hold" and "diversificiation" are not the best strategies to use and also why passively listening to your brokers (really jokers) can cause you to lose masses of money. More importantly to the subject of this book is what is going to happen in 2016 when baby boomers liquidate their equity holdings. Oh, and by the way, this is not a "doom and gloom" book as one individual wrote (probably a broker)this is just good, solid advice for anyone who is investing now and plans on having money invested over the next 13 years. Some people warned about the "internet and tech bubble" a few years ago. Detractors called that "doom and gloom" thinking too but what happened? I highly recommend Rich Dad's Prophecy. I also recommend Retire Young Retire Rich and Rich Dad's Guide to Investing.
Rating:  Summary: RDP came out in our area on Oct 6th too. Review: I noticed a review from someone from San Lorenzo, Ca. questioning another review posted on Oct 6th based on the announcement that RDP was due to be released on Oct 9th.Friend, some books come out ahead of time. I bought Rich Dad's Prophecy at my local bookstore in Orlando on Oct 6th too and I still have the receipt.You evidently have too much college and "Poor Dad" programming.I highly suggest that you stop bashing the positive books, break away from the pc games and r-rated movies, and actually take the time to read one of Mr. Kiyosaki's books and open your mind. It will do you a lot of good.You should also consider some alpha programming to jumpstart your right brain along with reading books like this one (RDP) by RTK to reprogram your way too analytical and negative left brain.I guess nobody bothered to tell you that when popular authors like Kiyosaki come out with new books, they sometimes come out ahead of announced release date. Too bad for you!Rich Dad's Prophecy is a great book and I highly recommend it.
Rating:  Summary: A Bold Contrarian View Review: It takes guts to write a prophecy, and it takes particular guts to write this prophecy. It is a refreshing, and probably correct, "contrary" opinion to the endless optimism that you get from Wall Street. For this reason alone, the book deserves five stars. (It is also better written than some of the earlier works, probably the result of practice.) Early in the book Kiyosaki starts by pinpointing the central problem of retirement income--that ERISA, the so-called Employees' Retirement Income and Security Act, had actually undermined the security of workers' retirement incomes by replacing so-called defined benefit plans, underwritten at fixed levels by companies, with defined contribution plans, under which workers were individually responsible for investing their own contributions. Baby Boomers bought this snake oil because of their desire for individual, rather than collective, security. The results, and wreckage, can be seen at places like Enron. But the marketers of the new plans certainly knew what they were doing. The underlying problem is that the Baby Boomers were the last American generation to be more numerous than their parents. Every succeeding generation has been of comparable, or even smaller, size because the Baby Boomers' fertility only approximated replacement rates. Thus, there is a flat, rather than broadening, pyramid as age groups get younger. This historic demographic shift called for far-sighted savings and investment plans designed years ahead of Baby Boomers' retirements. (Japan has a much higher savings rate than the US and is now staring this issue in the face.) Because Baby Boomers have put off retirement planning too long (as they have earlier in life with other issues), they are facing a massive financial crunch. The result, as Kiyosaki points out, will be a stock market crash that's almost a foregone conclusion: It's more a question of when rather than whether. The fact that this prophecy originated with "Rich Dad" doesn't make Kiyosaki less of a prophet. After all, God gave Moses the ten commandments. My main quibble, and it's really a difference of opinion, is with the 2016 target date. In my new book, "A Modern Approach to Graham and Dodd Investing," I outline a target date closer to 2006 (along with some proposed solutions). That's when early Baby Boomers turn 60,and can start tapping their IRAs without penalty. (And they've never been ones to postpone gratification.) It's possible that my target date is too early, and that Kiyosaki's is too late, with the truth somewhere in between. But he and I agree on major concepts, while differing in detail.
Rating:  Summary: A poorly written book based on a bad assumption... Review: Basically, RK uses this installement in the Rich Dad/Poor Dad series to claim that the stock market is due a big fall when, by federal law, Baby boomers start to withdraw equity from their tax deferred retirement vehicles at age 70. This means that RK is predicting not only stock market performance over a decade in the future, he's also predicting tax law over a decade in the future. The chances that the tax code governing 401k's will weather the years unscathed are miniscule. And it's a good thing too. RK's "ark" of choice - real estate - would also plummet in value during a massive depression where paying tenents would be scarce. Going into a depression saddled with large real estate debt is a surefire way to be living under an overpass in a cardboard box for your retirment. RK's got a point -- the market will be hurt when Baby Boomers liquidate their assets to live off of in retirement. But its doubtful that the government will force this selloff when the boomers get here. This shouldn't stop a wise investor from making long-term stock purchases or using more creative vehicles to make money. I like that RK is so enthusiastic and assertive about getting your financial life in order and making a change in the way that you make money. Investments are great and people should build up some investments for their futures. But this book is founded on such shakey soil that it's difficult to stomach. Pick up some of his others (Rich Dad/Poor Dad or the Cashflow Quadrant) if you need a pick-me-up.
Rating:  Summary: Promising more than delivering Review: The premise of this book is tantilizing: 1) The stock market will crash, and 2) here are some investment ideas to survive and prosper when the crash comes. The author presumes that when retiring baby boomers begin to withdraw their 401(k) and mutual fund assets there will be more "sellers" of shares than "buyers" - thus the market will fall. This is a two-dimensional vision of the marketplace, yet plausible. Regarding investment ideas for the reader: other than recommending the purchase of "income producing" real estate the second half of this book is hollow, and used by the author as little more than a platform for promoting his cash-flow board game and additional books he has written. I don't feel that the day I spent reading this book was wasted, however, I'm not going to recommend it to any of my "thoughtful" friends.
Rating:  Summary: Rich Dad's predictions are coming true......... Review: If you take a look at the date when this books was released and then go back and check the stock market, you'll find that everything Rich Dad predicted is in fact coming true. What is really scary is that Rich Dad predicted this years ago! I highly recommend this book along with Rich Dad's Guide to Investing for anyone who wants to become a successful investor. If you want to continue to loose money and get broker, then listen to your broker. That is why they are called "brokers" Listen to them and you'll become "broker."
Rating:  Summary: No one knows the future Review: At the very beginning of his book, on page 8, the author predicts that "A major stock market crash will occur -- while hard to pinpoint an exact time -- it is inevitable." But, truly, it is more than hard to pinpoint, it is impossible, isn't it? He proves it in his book by not pinpointing anything at all. A forecaster who does not want to ever be proven wrong may give you an exact number or an exact date but never both. Robert gives us neither. He says there will be a major or massive stock market crash. He does not say what massive or major means, down by 20%, 50%, or 90%? (as occurred at the time of the Great Depression). On page 43 he writes "And millions will be out of money and off support after the year 2020, after this massive stock market crash occurs." So the crash will occur anytime after 2020, could be 2030, 2050, 2080? You get the picture. We could try to pin him down and say that he is predicting that there won't be a massive stock market crash before 2020, but we really can't because if the stock market did actually crash before 2020 it will be up to Mr. K. to tell us whether it was massive and if his prediction was right or wrong. Many professional financial advisors will tell you to run like crazy away from anyone who claims to know the future. Mr. K. writes as if he has a special insight into what the future holds in store for us but is clever enough to avoid actually sticking his neck out. Perhaps he remembers the economist who actually did predict a big crash in the 1990s. Being dead wrong like that won't help book sales. I don't recommend this book because I think it is an attempt to sell his Rich Dad Poor Dad book again using fear and uncertainty as selling tools this time.
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