Rating: 
Summary: Easy to read but stil same basic things.
Review: Robert always has a great style of writing. I bought all his books in the series plus a few of his advisors. I think about 10 books by now. His styles is always easy to read. But this book gives no new insight that is different from his previous books. If you like to know his concept, just buy RichdadPoordad, Cashflow Quadrant, and Guide to Investing.These are three good books for people who want to understand Robert concept of getting rich and getting out of the rat race. Nonetheles, the concept in this book 'Prophecy' is that the market will crash someday and people will suffer from it. This is nothing new but common sense. I should have given this book a lower mark. But I like Robert style of writing so I give it a 4. Save your money and buy something else unless you are a real Robert fan like me because I buy it anyway.
Rating: 
Summary: Entertaining book, but there are many flaws...
Review: First let me say that I really enjoy reading Robert Kiyosaki's books, and have purchased many of them. I totally agree with his philosophy that you don't get rich working for other people. However, this book also made me realize that RK's main business is selling books, not buying real estate, stocks, or anything else. He predicts a stock market collapse in/around 2016, because the baby boom generation will start retiring then. That thesis, by the way, was pulled from another book called "The Great Reckoning," which RK gives little credit to.Also, certain little inconsistencies in his description of "Rich Dad" in RK's many books have made me wonder whether the "Rich Dad" character is just a fiction, meant to grab the reader's attention. I now tend to think so, because RK has never, in any of his books, provided any factual details of who "Rich Dad" really was - probably because he never existed. If "Rich Dad" was in fact one of the richest men in Hawaii, as RK claims, he must have been well-known to many people there, and elsewhere. So where is the harm in revealing the name of a long-deceased person? But a fictional character allows the writer much more latitude and writing freedom. I also find it very hard to believe that "Rich Dad" (if he even existed) was as prescient and forward-seeing about all things business, as RK's books would have you believe. More likely, RK took his latest theories and ideas (based on another author's book), and applied the "Rich Dad" character and formula to them. Voila! Another best-seller! Despite his prediction that there will be a stock market collapse, RK never strays from his basic message, which is: buy real estate. Realtors everywhere must love this guy. While buying real estate may have been good advice in 1970's Hawaii, it is not such good advice now. Real estate is currently so horrendously over-priced and over-valued, that in the event of a true 1929-style stock market collapse and depression, it would depreciate very fast, and wipe out most of your investment. And, as other reviewers have noted, who will be able to afford rent payments when so many people are unemployed? Not to mention the lack of financial liquidity and personal mobility in having most of your money tied up in physical structures, which cost you a lot of money in the form of real estate taxes, insurance, and maintenance. RK seems to take for granted that renters will magically always be there, handing you rent money, no matter what happens to the economy. To me, that is a fallacious assumption, and bad advice. There have been several articles recently in the Chicago Tribune about the increasing number of landlords that are desperate for tenants. And things aren't even that bad yet! If the 1929 Depression happens again, long-term unemployed people will be forced to do what they did then, which is move in with relatives or friends. Or they might even have to seek public housing. Obviously they would not be able to live in any apartment, because the rent-hungry landlord (you, if you follow RK's advice) would kick them out. So, while RK's books are entertaining, easy to read, and really "draw you in," one should always keep in mind that they are mainly tools used by the author to sell his products. A glance at the "Store" section of his website ... should convince you of that. If you bought all of the products listed there (and I've bought too many already), you would indeed be "Poor Dad," and none the wiser for having done so, since there is very little "how-to" detail in any of his products. I hate to be so negative, because I really do enjoy the "Rich Dad" books, and I agree with the philosophy of being your own boss. I just don't think that the advice RK constantly gives to buy real estate is necessarily good advice. If the stock market does collapse and real estate values also collapse, that would be the time to buy real estate, assuming you still had a job and any money left to do so. But repeating "buy real estate" like a broken record, regardless of economic conditions, is not wise advice. In the end, RK's books are just another example of the innumerable "Get Rich By Buying Real Estate" genre of books, which only enrich their authors. Usually, when everyone agrees on a "hot career," or a sure-fire way to get rich, that is the time to walk away from it, because the real opportunities are already gone, and the idiots have now moved in. RK obviously learned well from P.T. Barnum (founder of Barnum & Bailey's Circus), who reportedly said, "There's a sucker born every minute." Don't be one! People like John D. Rockefeller and Bill Gates did not become billionaires by listening to common advice found in books - they charted their own destiny. Think for yourself!
Rating:
Summary: The Government will screw you, AGAIN!
Review: Use your head, and you will outsmart Rich Dad! Having forsight. The book (I listened to the book on CD) was interesting and eye opening but seemed to mull over the same points (not uncommon with anything in the Rich Dad series). Basically if the Gov't doesn't change its distrubution rules with 401ks and IRAs, when the baby boomers are "forced to take $$" from these accounts (that are all the stock market), Our stock market will crumble. This obviously being a forsight of supply and demand, More sellers than buyers, the market will drop. I don't know that I buy this "scare". As the other poster said, if you have read his other books, no need to spend the cash. I just summed it for you anyhow.
Rating: 
Summary: I don't entirely believe this guy anymore
Review: Let me start off by saying that I have gotten involved in starting my own business because I had read Rich Dad, Poor Dad and Cashflow Quadrant. While I haven't had the success I had hoped...yet....I have not given up hope on myself because I keep following the one piece of advice from Kiyosaki that I believe is relevant. I continue to educate myself and keep improving on myself and my business. So, even though I definitely don't endorse Kiyosaki's financial advice...I definitely encourage you to find your own path, learn from your errors and keep improving. I have a big problem with Kiyosaki because I have lost respect for him. I don't believe that he's interested in helping others to the extent that he claims to. He keeps publishing books with the same message over and over again. He never gives any 'concrete' plan on how to become rich in real estate, his investment of choice. His financial advice is very vague...I believe if you were to follow some of his advice to the letter, your gonna get thrown in jail if you get caught. I think that one of the statements he made in Rich Dad, Poor Dad is very revealing. He said that he's a best-selling author, not a best-writing author. That tells me that his priority is in making a profit first. Ethical values take a backseat. The very title of this book is meant to inspire fear and get you to buy the book right away. Kiyosaki definitely knows how to sell his products. Perhaps Kiyosaki didn't believe the message inside the book was good enough. Perhaps Kiyosaki has a different set of priorities. Now, I understand that the purpose of business is profit. No profit equals no business. But I also believe that a business can be run ethically and still be successful. I bring up ethics because I've recently read several articles from Smart Money magazine and other sources where Kiyosaki seems to change his story and Rich Dad's identity from time to time. It's been my experience when this happens, the person telling the story is lying. When your business and product (Rich Dad's advice) is built on a foundation of lies, it becomes difficult to keep the story straight. He sells board games at $200 a game. He has seminars that are thousands of dollars. He's not exactly making his message accessible to the many people who may desperately need a real plan right away. If your going to take financial advice from someone...advice that could possibly make or break you and your family...don't you think it's important to have faith that the person giving the message really wants to help you? That helping you is his first priority? Would you take martial advice from a person whose been divorced 3 times? Would you allow your child to be taught by a teacher who is a criminal? A person's integrity is very important if your going to take their advice to heart and follow it. If your going to read Kiyosaki, be wary of following any of his financial advice too closely. Kiyosaki is definitely correct that if you work for someone else, you will never achieve freedom. Your income determines your quality of life and your employer determines your income. Educate yourself on building your own business. Invest in preparation instead of a quick fix (i.e. daily stock trading). I believe that working harder IS working smarter.
Rating:
Summary: Another part of the Rich Dad get rich quick series....
Review: That is, making himself richer. I would not recommend buying this book if you already know the Rich Dad concept. From the title of the book I thought the book was about how to profit from a falling market such as shorting stocks. Instead this book tells you that you must be rich enough from real estate, businesses, and paper assets so you do not care if the market falls or not. Duh.
Rating:
Summary: Don't waste your time or money
Review: Nothing sells books like fear. Come up with a really scary premise for a nonfiction book and it's a potential goldmine. So here comes this book to scare the pants off of you, and make you think you're going to lose all of your money and have to live in a cardboard box under a freeway underpass if you don't buy it and do what it says. The first problem is that it makes a long range prediction of a stock market crash which never works. The literature is filled with books that have predicted crashes (such as Prechter's books) which have never come true. It's easy to come up with reasons why the stock market will crash. Doomsday scenarios are a dime a dozen. The second big problem is the author's advice about how to survive the crash. The best advice would be to sell stocks short, buy put options, sell stock index futures, and things like that. But, the authors don't discuss those very obvious things. The authors solution is to buy real estate and start a small business. But, in a real stock market crash real estate plummets in value and small business fail. There is a big difference between a stock market crash, like the crash in 1929, and a bear market. A real stock market crash would devastate the entire economy of the United States, and probably a large part of the world. Real estate and small businesses would not be a safe hiding place. The fact that real estate held up well in the last bear market should not fool you into thinking that in an actual stock market crash, real estate would be a good place to be.
Rating: 
Summary: Very illuminating!
Review: I have read five other Rich Dad books and though I knew it all.
I though that Kiyosaki and Lechter had told it all. Not so. After reading Rich Dad's Prophecy, I am prepared for the baby boom crash just like I was prepared for the big stock market bubble that burst in 2000. Knowledge not fear is the key to investing. Follow Kiyosaki and Lechters advice and you will be a financial winner too.
Rating:
Summary: No one is safe...
Review: Say the big crash really did happen. Who would be safe... really?.
If the big crash did happen about 95% of all businesses would be wiped out. Only the strong would survive right?. If you are struggling to put food in your stomach are you going to buy software from Microsoft or Joe Nobody?. I think you'd go for the LONG TIME ESTABLISHED ONES. So pretty much everyone starting as small business would be wiped out, if they are not careful. Secondly is investing in real estate such a good idea?. Yes, prices will drop tremendously. People will be begging to sell their houses so that they will not be strapped to debt. It will even be good because flat and depressed markets are the ONLY markets in which you can get people to cough up high rent prices. Oh forgot to say this, who is going to pay you high rent when everybody is suffering?. Not many people. In addition, if everyone does what Robert Kiyosaki says there will thousands be people trying to play land lord and competing with each other on rent prices and service. Some may be wiped out, even then. So enjoy your happy future as a land lord. What's this I hear?. You'll hire management company and be laughing on the beach while everyone is stuck hiding in fear. Well, it won't be much of a paradise either. How can you enjoy yourself in a tumbling economy, with no one to serve you and few if any businesses around to offer you what you want. I really hope there isn't a big crash, it is nice to prepared. All I'm saying is that RK doesn't exactly tell you of the other side of the coin, which is vital to the decisions you make about your future.
Rating:
Summary: Oooh, I'm so scared!!
Review: First of all, the book is predicated on being able to predict the stock market 13 years from now. This is clearly impossible, and there are almost an infinite number of things that could happen to screw up the authors predictions. Second, if there really is a huge crash in stocks, real estate values will likely drop considerably. The economy as a whole will fall, rents will drop, and small businesses, which in the best of times, fail at a rate of about 95%, will go out of business in droves. So the advice to get ready for the stock market crash by opening a small business and buying rental real estate makes no sense. So, this book really has very little to offer from a practical sense.
Rating:
Summary: It's simply amazing....
Review: that this guy can keep writing the same book over and over and over again, changing it slightly, and keep selling it. It wasn't even good the first time. It's sure not good the tenth time. Yes, by all means, get your finances in order. Certainly consider starting a small business or purchasing rental real estate or both. The problem is that none of these books tell you anything about doing any of that. There's no meat, no substance, no practical advice. How do you buy rental properties? What do you look for? How do you finance them? How do you maintain them etc? There's just nothing in any of these books about any of that. And now there's this nice conspiracy theory that basically says ERISA was brought about to screw workers over. That it's a terrible thing, that investing in the stock market is a disaster waiting to happen, and we're even told the year that the world will come to an end. Heavens to Betsy! It's laughable. ERISA is/was a huge benefit to workers. Nobody can possibly predict what the stock market will do 13 years from now. Nobody even knows what it'll do five minutes from now. Foreigners could take up the slack. New immigrants to the US could take up the slack. Any almost infinite number of things could happen. Besides that, if the stock market really does crash at that time, guess what? Every type of real estate will crash in value, small businesses will go out of business by the thousands etc. etc. There will be no place to hide except for cash. You certainly will not want to be a big rental or commercial real estate investor at that time. Or a small business owner unless you sell something that people can't do without, like medication or food. If you want to read this book for entertainment go ahead, but take it out of the library. Don't give this charlatan another reason to laugh all the way to the bank.
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