Rating:  Summary: He's at it again. Review: This salesman has been discredited by those who actually know something about investing and wealth creation. I feel sorry for his followers. By all means take your eyes off the smoke and mirrors and look behind the curtain at the very small man standing there. No one quote a specific statement from any of his books to illustrate Kiyosaki points because he doesn't have any. What RTK fans can do is give you THEIR OPINION of what they think he means. There are other better books with good information in them. Good luck to those that think this guy knows the answers.
Rating:  Summary: Rich Dad, Fake Dad Review: After reading, "Rich Dad, Poor Dad", I was very skeptical whether the author really had two dads. The story sounded too fictional and perfect. My gut was right as a magazine article confirmed there was no Rich Dad (Smart Money, Feb 03). In the article, Kiyosaki admited Rich Dad is as real as Harry Potter. What's more, claims in the book that he purchased six properties, each for twenty thousand dollars, and then flipped them in minutes for instant profits were also false. In the records, it showed he gotten each property for over forty thousand dollars and held on to them for more than twenty months.Now, with his new book, "Prophecy", the author hopes to cash in on people's emotions riding on the current stock market crash. In this book, he cautions people that there will be another crash coming up in 2016 because a lot of people will be withdrawing from their 401k plans for retirement. How can anyone predict what people will do with their money? Some people may keep their money in stocks till the day they die, some may convert to bonds ten years before retirement, others may do it five years ahead, and so on. Anyone that thinks this prediction is reasonable needs only to think alittle bit harder. Let's look at the author's solution to this problem: build new businesses and invest in real estate. In case you don't already know, eighty percent of new businesses fail in the first five years. Hardly a non-risk venture. And surely you heard what happened to the Japanese and Florida real estate market in the past (should do some reading if you haven't). OK, I admit, an investing magazine has every right to trash him for what he wrote in "Prophecy" (although they really did uncover a lot of trash on him). But let's look at some facts. His biggest supporter who was instrumental in making "Rich Dad, Poor Dad" a bestseller is Amway. Amway! That's enough to build my trust. Also, just look at all the products the author is pushing at us - expensive games, a whole library of "Rich Dad" books, seminars. Where does he find time to be a millionaire? Let's look at some truly rich people, Bill Gates and Warren Buffet, each who has written only two books. The point is, rich people are too busy making money from what they do, they don't have time to do all those seminars or write so many books. The author is rich, alright, and he has gotten that way from your purchases!
Rating:  Summary: Interesting... Review: I believe the repetition in this book helps to reinforce his ideas, but it is overdone. As previously stated, he does promote his other products in this book. At times it seems like more of an advertisement then a book.
Rating:  Summary: important concept but little information Review: This is the second of Kiyosaki's books that I've read (the first being the Cashflow Quadrant). I rarely provide reviews, but as some of the other reviews of this book are so off-base, I thought it might be helpful to other readers to provide a few cautionary words here... As with apparently other of his books, Kiyosaki presents an important concept (here, the fact that baby boomers will be retiring between 2010-2020 and potentially impacting the stock market) but he doesn't provide any detailed information that will help the reader actually do anything constructive (nor does he provide any theoretical explanation or insight into the problem). Unfortunately, as other reviewers have pointed out, after introducing the concept at a very simplistic level, he just keeps repeating himself over and over (and over!) again. He also shamelessly promotes his other products throughout his books. I wasn't satisfied with the Cashflow book, but I wanted to give him a second chance with this book because the basic idea is an important one. I have now come to the sad conclusion that his books are primarily designed as a means for him to make money -- unfortunately, from from financially unsophisticated dupes such as myself! After reading the book, I sincerely doubt that he even had a "rich dad" mentor or made a significant amount of money prior to inventing the "Rich Dad/Poor Dad" product line. IF he did have a good mentor, and IF he made money in Real Estate and other businesses BEFORE his current "Rich Dad" venture, then how did he end-up HOMELESS while starting the new "Rich Dad" venture? If all of his other investments had been that successful, then he would have had at least some resources left over from them to pay the rent while he started "Rich Dad" (read his bio and think about it :) Please be aware that there are many other more informative and effective resources out there other than Kiyosaki.
Rating:  Summary: what a stinker - stick with jeremy siegel or chuck schwab Review: worst financial book i've read in a long time, a gift from a family member: "Rich Dad's Prophecy", another in the "Rich Dad, Poor Dad" series (of what, 20 or 30 books now, plus a board game? - not kidding about the board game). author quotes selectively from warren buffett and alan greenspan to prove his point - which is what? rich dad thinks there's going to be a big big big market crash due to population dynamics, fear, ignorance. so rich dad says don't invest in your 401k. wait. he says do invest in your 401k. but start buying rental properties like rich son (or does rich son say that?) or save more money. but don't save because saving is not investing. build yourself an ark. do it with rental properties like rich son. invest in an ira or a roth ira. wait, don't. taxes taxes taxes. build yourself an ark. the crash is coming. don't eat dogfood. china is the problem. the author's whole age-wave analysis is so messed up he doesn't even recognize china as part of a solution rather than an imaginary part the problem. the author doesn't take into account globalization, productivity increases, and recent US census population surprises in his doom-and-gloom social security, market-crash scenarios. all is out of whack in this book. i was extremely disappointed and underwhelmed.
Rating:  Summary: "Less gloom and doom--more action advise" Review: I've read all of Kiyosakis book except Cashflow Quadrant, and they all say the same things. Being a mid-term baby boomer, this book hit home. In effect, the book focused on the fact that as baby boomers reach retirement age (around 2016) there will be a major stock market crash because of all of the retirees drawing from their stock based 401ks. I am in total agreement with the authors advise that this country is in dire need of financial education. My gripe is that he advises readers to "build businesses and invest in real estate". All well and good, right? The problem...he never, I repeat, never goes into any detail in this or any of his books. He advises buying investment real estate and holding it. Any advise on land-lording? No way! Any advise on business building? Hah! He pushes his other products throughout the book though: His board games; Cashflow 101 and 202, his other books, his seminars, etc., etc.. I would personally like to own and play the board games, but they sell for a whopping $250.00. He charges $4-5 thousand for his seminars. Come on, is this guy interested in helping the country's financial woes or just cashing in on foolish consumers (like me). Mr. Kiyosaki has made millions, which is wonderful in our capitalistic system, yet he has no family to be concerned with, and to expect hard working families to spend hard-earned money on his pie-in-the-sky (wealth building?) information is a little hard to swallow. The inventor of the board game 'Monopoly' was an out of work employee. It took many attempts and a lot of frustration to finally get Milton Bradley to buy the rights to the game, yet the inventor still received a lot of money from royalties. Why doesn't Robert Kiyosaki learn a lesson from this example? Oh yeah...Greed! This is a well written book with a great deal of merit. I'm just glad I checked it out at the public library.
Rating:  Summary: A Kiyosaki Fan Review: I am a fan of Kiyosaki, but this book is mostly a waste of time. He could have condensed the whole value of the book into one chapter of Retire Young, Retire Rich. Somebody stop him before he kills the golden goose! Promoting his other endeavours is fine, but at this point, someone in his organization should write a Best Of Kiyosaki, and get his best ideas down to 300 pages.
Rating:  Summary: AN INFOMERCIAL ON PAPER Review: I was expecting too much from the hype. What this book wants to convey can be covered in a few sentences. When it comes to the real deal, e.g., how to get banks to loan you money to buy rental properties when they always limit your loan to how much you make each month, he says nothing but directs you to one of his seminars that cost $5000 per head for 3 days. i'd be rich too if thousands of people pay me $5000 for a 3 day seminar.
Rating:  Summary: A interesting read Review: I've read all of RK's book's. I tend to look at them as a different point of view and as motovators. The investment advice is a little thin and sometimes downright dangerous unless you're very well informed plus have money you can afford taking a chance with. In other words you can afford to lose all of it without it making much difference to you. I was well on my way to being indepenent (I own 12 dbles in one company, and a dble and triple in another plus parts of 3 other small companies) before I read his books. However they did give me some much needed insights. BTW--on pg 156 the author talks about turning ordinary things into gold. It is possible to do so w/fusion, etc. It was first done in 1972 (it had been reported earlier but not documated) and again in 1980 (by Glenn Seaborg). However it costs more to do then the gold is worth. If I remember correctly it cost about $10,000 a oz to turn lead into gold. A good read overall. I hadn't thought much about what will happen to my health costs when I retire and that got me to thinking I may need more money to retire than I thought. My goal has now been raised from 3 million to 5 million. I'm about 1/2 of the way there now so it will take a lot to get there in the next 15-17 years. And I liked his idea of using a ark to represent your plan to be wealthy.
Rating:  Summary: I love the CDs - Great way to learn! Review: I have always been more oa auditory than a visual, therefore love to listen to audio cassettes and cd's. Perfect while driving around instead of listening to the radio listening to allof those robberies, rapes and murders.With this program, I know that I am prepared for the upcoming market bounce and the Biggest Crash in History.I'M SURE THE BOOK IS GREAT---BUT GIVE THE CDs A TRY!
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