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Rich Dad's Retire Young, Retire Rich : How to Get Rich Quickly and Stay Rich Forever!

Rich Dad's Retire Young, Retire Rich : How to Get Rich Quickly and Stay Rich Forever!

List Price: $17.98
Your Price: $12.23
Product Info Reviews

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Rating: 4 stars
Summary: Good advice
Review: Kiyosaki's inspirational, easy-to-read books are written to excite the reader about available financial opportunities. And they do excite the reader. It is easy to get caught up in the author's enthusiasm. The generalizations are great and allow the reader to dream, but more details are needed. In this recent book, Kiyosaki stresses the need to protect your assets. He spends an entire chapter (17) on how stock options can, and in his opinion, should be used by all investors to gain that protection. His discussion was convincing, but again, there were not enough details. I recommend THE SHORT BOOK ON OPTIONS to learn those details. The reader would then be in position to follow Mr. Kiyosaki's good investment protecting advice.

Rating: 2 stars
Summary: Few specifics, lots of repetition
Review: This book is okay. Mostly it encourages you to get your mind ready for being rich rather than just assuming that you never will be. Unfortunately, it spends the first 200 or so pages doing that. Eventually, it gives cursory treatments of real estate investing, stock options, and building businesses. Unfortunately, it never tells you *how* to do anything.

If you are hoping to educate yourself on how to make a plan for retiring young and rich, do not buy this book. If you want a feel-good book to get you pumped up about retiring young and rich, then this book is for you.

Rating: 4 stars
Summary: Change your concept with this book
Review: Rich Dad Series
Retire Young, Retire Rich by Robert Kiyosaki

This book is more updated for this economy and has some interesting points in it. The main thing is to change your concept of what is possible. I have heard this saying many times, if you believe it is possible, then it will be possible for you. Next, he suggests that we get as much knowledge in the real estate rental business as possible. Take courses, read, and look at hundreds of houses. I would also suggest calling people who are advertising their homes in the paper, and ask them what response they are getting. I firmly believe that having some money in real estate is great. I don't think it is as passive as he says it is, but if you get great tenants, then it will be a lot better on your life. I know from my experience I was paying my landlords mortgage on both houses with my rent. He had almost no expenses on my part. I don't think real estate market will zoom up in the Bay Area in the next few years, in fact, I think it will go down. But, I do believe over the long run, this area will pick up. Robert says to make sure the house is cashflow positive as soon as you buy it. Don't hope for apprieciation to make it profitable. I like that idea. Also, he says, it is much better to buy in a down market than an up market. During the up market, learn the market well enough so that you can spot bargains. He did not say much about buying foreclosures. I guess if you have a good enough real estate agent, then he or she will be able to find some good deals for you.

He talked about investments. I did not agree with him on options - they are risky and most people lose on them. If you really know what you are doing you can make money, but very few do.

I did like that he says you should ask yourself what lifestyle do you want to live when you retire. I feel that I would love to have $500k annual income when I retire. That will let me live the lifestyle I desire to live.

I highly agree that I need to have friends that have a bigger dream in their life. I need to hang around people that are going to make it in life, not ones that want to barely hang on. I have met very few in my age group who really have that attitude, and he says that these people are harder to find, but keep searching.

The main idea I got out of this book is that it is possible for anyone to become financial independent if they really make it a goal and work intelligently towards it. I feel the real estate market will take a dive in the next year or so in the Bay Area, and I will be prepared to get some bargains and make some money.

Beware of the sales stuff in this book. He is trying to sell his other books which I think are great.

Rating: 5 stars
Summary: Retire Young, Retire Rich
Review: This book is in many ways a summation of his earlier books but I liked it better than the others. This is not a "how to" book in the traditional sense it is a motivational book on how to "be". I read Rich Dad in 1999 and since then these books have motivated me to change my life. I have gone from a low six figure income (1999) to almost a seven figure income in three years and much of it I attribute to the thought process I have learned through these books.

The book is easy to read but virtually impossible for most to grasp the concepts presented. I have reccomended the books to many and often those I reccomend them to rarely finish reading them. The concepts presented are just to radical for most and down right scary to others. But hey, the world needs E's and S's too....

Rating: 3 stars
Summary: Not worthwhile for people who read his first threes
Review: I know his purpose is to help readers learn by repetition and examples, but this is the forth book, I expect something new!

Rating: 5 stars
Summary: RY, RR Review
Review: I feel as if this book has been given a lot of unfair reviews...

It seems to me that many people that read Robert's books feel like they should simply be answers on how to get rich. We don't want to hear about how to think, we want to learn how to take our $25K income or whatever and turn that into millions. Of course, as Robert has mentioned in his books, the answer isn't the same for every one of us.

The point of this book, as well as the other four in his series are to introduce to us new ideas about our own financial goals, and then allow us to decide which route we will take to reach whatever our goal is. This book, while repeating some of the same lessons learned in the other books, further explains a lot of the concepts that we have been shown.

The bottom line is, if you want a book that for ($$$) tells you exactly how to make millions, this is not it. If you want a book that will help you to grasp the concepts required to start yourself on a path towards becoming rich, this is definitely it.

Rating: 2 stars
Summary: Retire Young, Retire Rich is disappointing
Review: This was my first foray into the "Rich Dad" series. I decided to pick this up to see what all the hoopla was about. This book is long on concepts and improving your mindset and short on telling you HOW to accomplish the goal.

Kiyosaki drones on, frequently referring to his other books. After the first few chapters, I gathered that his plan is to invest in real estate and start your own businesses, but there is no substance to tell you where to start DOING any of these things. I guess that I was expecting more of a "how to" guide to achieve the end result.

Now that you know what you SHOULD do, skip this one and go find a nuts and bolts guide to real estate investing or starting your own business.

Rating: 2 stars
Summary: Nothing new here.
Review: Just another real estate huckster hawking the "Quit your job and buy Real Estate and my other products" approach. Go to any used bookstore, look in the real estate section and you can buy these concepts for a couple of dollars. RY, RR is nothing but a catchy new cover on old material.

Twenty years ago I read Bill Greene's "Think like a Tycoon". THAT'S THE BOOK YOU WANT TO READ!

Retire a little richer and pass on this one.

Rating: 5 stars
Summary: A "MUST READ" if you want to be wealthy.
Review: Robert doesn't give you any "get rich quick" schemes, this is a straight forward, easy to read book about changing your mind set in order to obtain wealth. You cannot become a wealthy person without thinking like a wealthy person first. This book is very similar to "Rich Dad, Poor Dad" because it makes you question your core beliefs about money and how to obtain it and how to stop having a "loser" or "chicken little" mentatlity. A lot of books out there give you the details of what to do but do not discuss the personal psychology behind wealth-buiding. I was introduced to Robert's books almost 3 years ago by my father at the beginning of my college career and have taken all the steps necessary to ensure the fact that when I graduate in may of 2003, I will not have to type up any resumes, go to any job fairs, or interview for a future career with XYZ corp. of America because I started a business, heavily invest in real estate with my business partners, and continue to learn about wealth buidling tactics. If I can do this before I graduate from college, anyone can, you just have to change your mindset from a person who works for money to a person who lets money work for them.

Rating: 5 stars
Summary: Insight to reviewers
Review: After reading several of these Rich Dad books including Retire Young, Retire Rich as well as many of the reviews here on Amazon.com, it is easy to spot the reviewers who have a chance of being rich and the reviewer who will be stuck in the same rut they are in. Those who rated 4-5 stars are embracing the new concept and those with 1-2 stars think they know it all already. This series of books is excellent. There is much repetition, but it is important to keep driving the message home. One read may not sink in. There a lots of books about "how-to-do" these books are about "how-to-think"


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