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Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History is Still Coming...and How You Can Prepare Yourself and Profit From It!

Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History is Still Coming...and How You Can Prepare Yourself and Profit From It!

List Price: $18.98
Your Price: $13.29
Product Info Reviews

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Rating: 2 stars
Summary: Same Old Stuff Here's My Advice
Review: You have a better chance as an individual investor if you learn how to play casino games with an advantage. This can be done in blackjack, read Beat the Dealer, or craps, read Forever Craps. With a one to three percent edge, in the long run, you have a better chance in the casinos than in the markets. That's my honest opinion!

Rating: 4 stars
Summary: A good review and is alarming
Review: As a Gen Xer, this book is terribly alarming. I follow the last of the baby boomers retiring. OUCH! I had better get my act together. I am about half way through this book and really like it! It is a bit more technical than his previous books. Although I must admit my favorite book is Cash Flow Quadrant.

As for the reader from San Lorenzo, this book was released on October 1. I saw it in my bookstore on October 5, so it is HIGHLY probable that reader could have read the book and wrote the review on October 6. Don't be so suspicious.

And on a side note, I did purchase Cash Flow the game and have had Cash Flow parties. It is very fun and educational. It is amazing watching other people play this game. I keep winning the game, now just need more ideas on how to do this (and fight the fear) in real life.

Rating: 4 stars
Summary: An admitted money dummy
Review: This is only the second book from the Rich Dad series that I have listened to (I get the audi books) but I have learned quite a bit from both of them. My knowledge of business, investing, and money in general probably ranks down with the lower 10% of Americans. I suppose if you're already financially literate, these books might be overly simplistic to you, but I think the advice in this particular book is important to anyone depending on paper resources for retirement

Even after the latest stock market woes, I was still getting a lot of advice from friends and family about investing in mutual funds, IRA's and other popular paper assets. While this book hasn't completely frightened me away from the stock market, it has made me even more cautious than before. For many of you, the big revelations won't come as much of a surprise, especially the effect the retiring baby boomers will have on the stock market. I already knew about the coming social security crisis, but I never let the logic take me to the same conclusions about the stock market.

Kiyosaki is a big fan of real-estate, probably because it made him rich, but I find little fault in his advice. Granted the one thing he continuoulsy preaches is that to be a true investor requires a lot of work and discipline. There are no get rich quick schemes although you can get lucky breaks (luck swings both ways in my experience). Kiyosaki's books seem to preach a diet of self-control, knowledge, and even ethics combined with a forward thinking strategy that would almost certainly be succesful if applied to anything in life. The difference he brings to the table is his own tried and true experiences.

The only real problem I have with this and "Rich Dad, Poor Dad", is that Kiyosaki gets a little vague sometimes. As someone with very little business or investing experience, I wished he would give more specific examples of his own success examples of how to apply his advice in the real world. Some of the concepts would be easier to understand. I think Kiyosaki is worried that people would take his own examples and try to apply them versus coming up with their own ideas.

If you are thinking about starting an investment plan for retirement, or if you have been relying on 3rd party consultation to do your investing for you, you should definitely read this book. There are tons of good books out there on the stock market, but I don't think there are many out there giving alternatives. Real-estate and stock trading may seem a bit overwhelming, but allowing your future to be controlled by the mob of questionable brokers out there is far more frightening to me. The language is simple and easy to apply and almost anyone can understand it.

Rating: 2 stars
Summary: Very little new and a LOT of the old
Review: The book has a glimmer of new information. I do believe Mr. Kiyosaki is correct, there will be a boom and then a great crash in the market in the near future. The book is a warning to the Baby Boomer's generation. The message is: Wake up and smell the coffee and take care of your own finances before it's too late. That, in a nutshell, is the only new info in this book.

The rest of the book is a re-hash of Mr. Kiyosaki's first series of books. This book has the same "vagueness" as his other books. It tells you to become an investor without telling you what to look for in a good investment. It tells you to buy real estate without giving you a clue on how to search for a good piece of property. Then there is the sales pitch for the over priced Cash Quadrant game...

Please save your money.

Rating: 4 stars
Summary: Rehash? Yes, but it may motivate some to action.
Review: In a way, I agree with the reader from New York, but there's one thing to bear in mind: Many people will read this book because RK's name is on it, where they wouldn't read "The Retirement Myth." And yes...I admit to being one of those people. For a long time I've felt the information I was receiving about retirement didn't make sense, and now I know why. Also, I feel more motivated than ever to act. It's true that the advice RK gives can be attained through his other works, but I do think there is enough of value here to warrant my four star rating.

Rating: 1 stars
Summary: PREPARE AND PROFIT? : AN UNFULFILLED PROMISE
Review: The reviewer who said this book was big on WHAT but not the HOW hit its shortcoming on the head. I have never read any of the previous works by Robert K. but I have no doubt that they all are ultimately a sales pitch for his other publications and products. The first 100 pages had me hooked and excited and is worthy of the single star I am awarding this book. The rest left me disappointed and feeling like had just been swindled by one of the con men he warns against. I won't be spending another penney on this "hotel style-buy my tapes, books and games" hardsell for real estate ventures. Use the book's price to purchase a publication that will contribute to the financial education the author says we sorely need.

Rating: 5 stars
Summary: He did it again!
Review: Last Saterday i bought this book. Finished it on sunday. (Yes, i like reading)Along with cash flow and retire young and retire rich, this a bestseller again. Very clear and very understandable. My vieuw on my future has became more clear again. I know what to do. Read it and learn!!

Rating: 5 stars
Summary: Rich Dad's Prophecy
Review: This book is incredible. Anyone serious about financial freedom must read, digest and apply its contents. I loved it as I have been building my own ark for several years now and I am on the verge of financial freedom. Its amazing how Robert's later books are far superior to 'Rich Dad Poor Dad' but the first book is what he is famous for. I know several people who have 'Rich Dad Poor Dad' on their bookshelf for show but have not understood or applied even 1% of his teachings. Several months ago I was advised by John Sestina that I must educate myself on finances and the topic of money. I am delighted that Prophecy and Robert's other books have given me incredible financial education and helped me appreciate my own business better and given me a more comprehensive understanding of 'who I am' and 'what I am doing' building my own ark.

Rating: 5 stars
Summary: Motivating ...
Review: A great book by a great man. If the first book didn't push you to be the best that you can be, this one will. It is a must read book for people who woudl like to start changing direction in life.

Rating: 2 stars
Summary: Skip it...Same old stuff repackaged
Review: The first half of the book details how the shift from defined benefit plans (traditional pension plans) to defined contribution plans (401ks and the like) will lead to a massive sell-off in the stock market around 2016, when the first of the Boomer generation begin to sell their stock in order to mandatorily take distributions. During this first section, Kiyosaki (RK) goes into further detail about his infamous Velcro Wallet company and the mistakes he made and what he learned from it. It's an interesting story.

As for the Defined benefit vs. Defined contribution issue, that was covered in The Retirement Myth by Craig Karpel, a book that RK himself sites in the book. I read that book and nothing new was in RK's book.

The second part of the book goes into how RK built his ark, his Biblical metaphor/analogy of how Noah built his ark before the rains came, and was able to retire at the age of 47.

After that, the second half of the book goes into the 8 investor controls people need. Some of them are new, most are taken from his 6 previous books.

If you're familiar with the dig on Kiyosaki's books that they're more "WHY" instead of "HOW TO," this book is yet another "WHY" book. If that's what you're looking for, buy Rich Dad's Prophecy. It was an entertaining read, but not worth the [money]. I'd skip it and borrow it from a friend or from the library. Read Karpel's book and re-read all 6 of Kiyosaki's books and invest the [money] instead.


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