Rating: 
Summary: Eggs in one basket will be broken...
Review: The Baby Boom generation will shortly begin to retire. What happens
when these seniors are forced -- by law -- to withdraw from their
retirement plans because they've reached 70? What happens when they
are forced -- by health problems -- to withdraw from their plans?One frightening scenario lies in this book. Kiyosaki and Lechter make
a strong case for a disaster in the stock market, a disaster caused by
the Federal laws on retirement. These laws took the responsibility for
retirement off the corporations and placed it squarely on the
employees. The problem is, these employees have little to no financial
literacy in trading stocks, so they -- the chickens -- have to rely on
"investment advisors" -- the foxes -- to manage their investments. By the end of the book, you'll know what's the difference between a
"defined benefit" and a "defined contribution" retirement plan. You'll
become familiar with a law called ERISA, "the source of all retirement
evil", and you'll be confronted with a cynical view of individual
retirement accounts -- even of the highly-touted Roth IRA whose
advantage is you don't pay taxes when you start withdrawing. If you
didn't know already, you'll find out that the Social Security Trust
Fund does not hold a big pile of cash, but a big pile of IOUs. After scaring the wits out of you, authors Kiyosaki and Lechter
describe the way you can avoid the disaster. It all starts with
financial literacy, and "financial literacy begins with a financial
statement." This means learning not only to read the financial
statements of companies you invest in, but also to use them in your
own household and personal finances. Once you've got the basic tool of financial literacy down, you can
survive the coming flood by building your "ark." The ark is built of
three materials: businesses, real estate, and -- yes -- paper assets,
to include the stock market. The authors hope they're wrong about all this. But they make a
compelling case to act and take control of your own financial future.
Rating: 
Summary: Not much new here, but worth skimming at the bookstore
Review: Mr. K certainly has done an admirable job in diagnosing the problems, but his solutions are malnourishing. He uses the old sales trick of creating the fear/need and then establishing himself as the solution. (A bit like GWBush and his oilgarchy). It's the same rhetoric as his previous books with just a few added extras. His books are better at advising on dealing with one's emotions then anything else. If you have the RDPD book, you probably don't need another..perhaps CashFlow Quadrant. I do have one BIG question here... If the stock market and other markets are based on differences in opinion, what happens when you educate the masses to do the same thing at the same time? In other words, as the popularity of his books and ideas gain currency, will that not make it MORE difficult to profit from them, as markets are always in need of differing opinions? I know many friends who are buying up junky 'investment' properties like these books suggest, but it seems like they're all too late to the party. Tough to say if this information is really helpful when its promoting unilateral beliefs in fields that prey on those that are NOT aware. When everyone is more 'aware' then what happens?
Rating:
Summary: Highly recommended reading
Review: If you are investing in this millenium and planning to retire within the next 25 years, read this book.I also recommend Retire Young, Retire Rich.
Rating:
Summary: Open your mind...and increase your profits
Review: If you are a fan of dollar cost averaging, buy and hold or day trading, you'll not enjoy this book.Rather, if you are open minded to facts, not opinions and want to prosper in the next decade and avoid the next big stock market crash, you'll love this book.Robert Kiyosaki's advice makes sense ( dollars and cents too) RTK shows how to create your own financial Arc to avoid the turbulent waters that lay ahead. He shows how to prosper during the coming boom and even offers advice on tax free funds that yield 7% or more.Let me say that I8 was not at first a fan of Mr. Kiyosaki. I was put off by his advice to go to a full service broker in lieu of a discount broker, untill I tried it and found that it did cost me less. People are walking past dollars trying to save pennies. RTK's advice is right on and works for those perceptive enough to use it.As for the ads for his board games, so what? The games help to instill the Rich Dad Philosophy. I suspect that the people who bash Kiyosaki's board game attack it because they cn't figure out how to play it. Still using college training and a Poor Dad philosophy? Too bad.Rich Dad's Prophecy, I believe, is the best in the series.Good book RTK. Keep em coming!
Rating:
Summary: His Best Book Yet!
Review: I was starting to believe that Kiyosaki was just becoming one of those book factories just for the money. I own all of the Rich Dad books and I have to admit that even though each one is packed with useful information, this is probably the best of all of them. He backs up his predictions of a total economic collapse with hard facts that you just can't ignore. But even better, he shows you how to protect yourself and even prosper during this major expected downturn in the economy. Great buy and guaranteed to get you motivated to do something about investing. Everyone needs to read this book!
Rating: 
Summary: In response to previous reviews
Review: Yes, this book is largely a rehash with a few new points. Yes, I own all the previous Rich Dad books. That said, I don't think it's really fair to bash Kiyosaki for writing like this. Let's face it-- by coming out with a book or two each year, he expands his empire. His name becomes more widely known, he commands more bookshelf space, he sells more CashFlow games, and he makes more money. That sounds to me like he's practicing what he preaches. For those who are looking for more how than why, don't look at Kiyosaki himself. Instead, read his advisor series, which go into much more detail. The thrust of my argument is that he DOES tell you you how. The how is to constantly expand your financial prowess, and he tells you how to do that-- by reading everything you can get your hands on, by taking classes and seminars, and by getting out there and experimenting. I just bought an encyclopedic book on business. And even that doesn't cover everything. Just how much HOW can you honestly expect him to put in? We're talking about one of the world's largest and most complex subjects, and it changes every single day.
Rating:
Summary: Financial Wake-Up Call: Brilliant Observations!
Review: I've never been a big fan of the Rich Dad series of books. I felt it was the Chicken Soup For the Money Soul "book franchise" concept and I did want to give it undue props just because it sold a lot. But this one is a real find....a treasure of brilliant observations. Many years ago I attended Tony Robbins' Financial Mastery seminar and author Robert Kiyosaki was one of the presenters. Being of the same heritage, I was happy to see a Japanese-American doing well in a public endeavor. He taught a financial game which was quite good, but after that seminar I didn't hear much of him again until the Rich Dad book came out. The Rich Dad book was originally self-published but sold so well in its first year that Time-Warner bought out the publishing rights. As a fellow author, I figured that the series of books was something that was part of the publishing contract and that these Rich Dad books would come out regardless of the quality of the content. But in this case (Prophecy) I was wrong. Mr. Kiyosaki addresses some key issues that have been largely overlooked by the financial media and therefore the public. Such things as: 1) financial assumptions like the stock market always goes up in the long term, 2) the negative effect of aging baby-boomers in regards to mandatory withdrawals from retirement plans, 3) the excessive number of mutual fund companies who are inheritantly bullish, 4) the lack of truly unbiased financial education, 5) the reality of higher costs in the future particularly medical expenses, 6) the negative economic effect of China becoming the low-cost manufacturer of the world, and 7) the essential need to take control of our own financial decisions and destiny. What's interesting about this book is that all these co-factors are presented around the analogy of Noah's Ark, the ultimate story of preparation and anticipation. And while professional money people may scuff at this book's "average American" approach, it still focuses on the roots of financial problems, intelligent solutions, and timeless empowering beliefs. While today's young investor may be looking for cutting-edge technology when I comes to investment advice, this book may be the better answer: street-smarts in a challenging, dynamic environment. I'll take the later any day! I give this book a 5 star rating because it is a book whose time has come. This is the wake-up call for taking responsibility of our own lives by understanding the roots of future problems. Robert Kiyosaki has done a fabulous job in introducing and describing what could turn out to be the vital keys to either financial wealth or financial ruin. I hope that other will read this book and pass on its message to others. It's also an enjoyable read!
Rating:
Summary: Truly Inspirational
Review: I can throughly recommend this book it is truly inspirational.
Rating: 
Summary: Boring book---but you still needs to buy!!!
Review: I have read all of the RK's books, I can totally with what he said and he has changed my thinking. At least, now I know what I needs to do in my future. But this one is quite boring as he just repeat what he said in his other books. May be it is thw way we can learn something. I still think you need to buy this book is because, it has some steps to suggest you to follow and some new idea. For example, China is going to be largest country in economy very soon. I totally agree with this point. so........buy this book.
Rating:
Summary: Too much Sales pitch not enough content
Review: This book is essentially a sales pitch for other Rich dad products. All the concepts are repeated several times and there isn't much depth in the solutions section (except to buy more books/products)
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