Rating: 
Summary: Interesting...
Review: It is amusing to note that the release date of this book was on the 9th, however, the previous comments were placed on the 6th, well ahead of the 9th. I wonder who it was who wrote it? One of Kiyosaki's close friends, or even Robert himself? I feel sorry for all the people who rely on Robert's so called wisdom in the stock markets and for investing. He really has no clue. Keep up the scamming Robert, whats next?
Rating: 
Summary: Awesome !!!
Review: A muz read for all who wants to know the economic situation of the future and gaining more financial knowlege . There's a chapter on the perfect storm which is juz awesome . About the aging population , China becoming the next economic power .....and how to build your ark to prepare and gain for your financial future ... All the Way !! Robert Kiyosaki !
Rating:
Summary: Must-Read for any Gen-X, Gen-Y
Review: As a libertarian, I believe that ERISA--which has paved the way for 401(k) and 403(b) plans, IRAs, and Roth IRAs--was a step toward empowering the average citizen to prepare for retirement. However, there are many flaws in ERISA that very well could lead to a market disaster that will wipe out the retirement plans of millions of people. That Wall Street analysts and financial planners have been silent on these flaws is deplorable. That legislators have not moved to deal with these flaws borders on criminal. In addition, increasing life expectancies (and health care expenses) are creating increasing burdens on citizens to prepare for retirement. Unfortunately, we have several generations of people who will not be close to adequately prepared. This is a social disaster in the making. Kiyosaki sounds like an alarmist, but that may be the only way he can make the point effectively.
Rating:
Summary: This is a MUST READ!
Review: I just picked up a copy of Rich Dad's Prophecy at our local Waldens. If you are concerned about retiring and investing you must read this book.You will see some of the familiar topics. And the Rich Dad/Poor Dad parable. But didn't Cicero say that repetition is the mother of skill?You will learn why mutual funds are not quite as safe as you had thought.And you will learn why some financial advisors are just salesmen.You will also learn the truth about 401 (k) plans (or is that 201 (k) plans) and social security.You will learn the difference between diversify and diworsify.And you will find out why the biggest stock market crash in history is still ahead of us and what you can do about 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: So So Book
Review: I was browsing through the aisles in my local bookstore, when the cover of this book caught my attention. I have watched events unfold in this country over the past 6 years which lead me to believe that America has lost any evidence of good financial sense. And that's one of the points he makes in this book.
Anyway, I thought this book could be a voice of reason which might stand out. Its message is fairly clear, and he makes a general argument as to why the biggest stock market crash is still coming. But the book is lacking in any kind of significant detail. Where are the numbers? Showing me the yearly stock market gains/losses from the 1920s is about all the detail he provides.
Instead, what this book does is scare the daylights out of you into thinking you have to buy investment real estate tomorrow, because it's the only thing that will keep you afloat in your retirement years. And to do that successfully, the author is more than willing to tell you about his other books in the Rich Dad series, his audiotapes, his videotapes, his seminars, and his board games. While I believe the message of the book is worthy, I disapprove of the manner in which the author uses that message to promote his other books and products.
Rating: 
Summary: No substance
Review: This book takes one, not very unique, observation that most books would cover in one chapter and stretches it out over an entire book. Despite the title, the book offers no insight regarding how to deal with the expected "prophecy". EXTREMELY repetitious and wriiten to a fourth grade level, you could easily skim it at the book store and get the entire message. I have not read the other books in this series, but if they are as bad as this one, it would be a waste of time.
Rating:
Summary: Repetitive & Misled
Review: I read Mr. Kiyosaki's first book and felt it was generally solid and a good start for the 90% of the population that is not focused on their personal finances.
This book takes his "buy income producing property" mantra a step further. He identifies a potentially real issue (massive decline in the value of the stock market) and offers his solution (buy assets that produce cashflow).
The book didn't offer a single solid idea on how to prepare for this disaster (except for repeating the idea of investing in income producing real estate over and over again). I find his brand of financial education very misleading and, based on the back pages of the book, he appears to be hocking a slew of additional "get rich quick" merchandise to gullible consumers.
He seems to equate value to the amount of cashflow that is produced and proclaims stock investments to be just paper value that can evaporate. I disagree heartly as a real estate investment is just as risky and can evaporate just as quickly.
I think he oversimplifies the process of investing in real estate rental properties. If the stock market does crash and the unprepared Baby Boomers will have to live poorly, then it is safe to assume that rental income from real estate investments could be reduced. In addition, there are hundreds of pitfalls to real estate investments that could turn them into losers that Mr Kiyosaki ignores or assumes away.
In addition, he professes to make money by receiving rental income on from his investments that provide 15-30% returns as well as profiting when he sells or re-finances the property when its value increases. He ignores that the real estate boom experienced over the last 20 years is in large part due to affluent baby boomers. If their affluence disappears, the demand for real estate will also disappear and the real estate market will experience a decline in value similar to the stock market. In the same manner, the rental income that is earned could be reduced if usage goes down or costs go up. In fact it could turn negative requiring the owner to put up more cash to save the investment.
None of this is discussed, as this world of investing is for serious real estate investors who spend all of their time on these types of opportunities. These people usually are able to avoid the bad investments and make the good investments (leaving all the bad investment to those amateurs who try to follow the book's advice).
Overall, I find it difficult to believe that there are investment opportuniuties available to 'Joe Public' that offer 20% returns without risks that justify those potential returns. I reminded of a saying of how if something sounds too good to be true ........
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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