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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: 5 stars
Summary: The need to be a investor, not a saver
Review: I guess a lot of people just don't get it, you don't make money by being a saver, you make money by being an investor or as RTK says an I.In America savers die broke because they earn less than 10% on their money. On the other hand, banks earn 18%-30% on the use of your money but only pay you back 1 1/2%-3%. As RTK and Sharn Lechter state in this book, you need to use various forms of leverage. Leverage habits, leverage assets such as stocks and real estate as well as your own business instead of working for somebodyelse.This book is about how RTK started with nothing and became fianancially free within ten years.The message is timely. Look at how many people have lost their investments, retirement even their jobs and some cases , their homes.I was talking to a man yesterday who has been out of work for sometime. His company was a victim of a hostile takeover and he has used up most of his saving just to get by. When I asked him what he w going to do, he said he was going to look for another job in the same industry and the same or lower pay. He said he couldn't wait to get back to work for a company that offered a "secure" job and a 401 (k) plan so he could rebuild his 401 (k) & retirement investments which had dwindled to almost nothing. I told him about this book and he said "that is too risky, I want security!"I asked him how much security he had with his last company.I mean hello!RTK may not be for everyone. He is only for those who can see beyond a college degree and then the disguise of security in a 9-5 job AND benefits which in reality is just a rat race, permanent underemployment and then that inevitably leads to unemployment, old paystubs and a lot of memories and vanquished dreams.The great Zig Ziglar says that J-O-B stands for just over broke and ain't that the truth!The only reason the road from your house to your job is paved is so that you can't see yourself driving into a rut.RTK offers a better way for those perceptive enough to see it. This book is highly recommended for those who want more out of life and are willing to work for it.

Rating: 4 stars
Summary: Good Book, too many plugs
Review: Mr. Kiyosaki's ideas and strategies can be used to help people diversify an investment portfolio. Generating alternative means of income is an important point he stresses. This book is an easy read with an upbeat pace. The motivation and dedication he lives is illustrated in the flow of the book. However, too many plugs for his other books and books of his friends are listed throughout the book.

Rating: 5 stars
Summary: I love this book :)
Review: A lot of people are bashing here his books. I wonder why?
Some are saying he is vague, some say his examples are false or made up.

I agree with them but I think Robert is doing it for the right reasons:

Being vague: as Robert said: he's writing these books to open up our minds, not to give us a detailed plan to follow up on. Every reader has a different background. Some are poor, some are middleclass, some are rich. They are different in education, some are still in highschool, others are studying on the university or already working. And working people can vary from lawyers to repairmen to computerprogrammers and many others. And his books are sold all over the world so there are even different society's involved.

With so many different people it's impossible to write some basic plan which applies to everyone.

That's why he's vague, he's giving you the principles, the mindset what is most important.

About his examples: I agree with the opinion of the people most of it is made up. Some things are too detailed in my opinion. For example: he recalls about a conversation with his Rich Dad from 30 years ago and writes some silly things as: "bla bla Rich Dad said, he smiled and nodded".

It's not very believable that he can remember such details. Plus that sentence "he smiled and nodded" just shows up too much in all his books.

A lot of the things Rich Dad says is knowledge that showed up in the 1985-2000 era. I can recognize a lot of Anthony Robbins NLP, Stephen Covey 7 Habits and others mindsets in the Rich Dad books.

So how is it possible Rich Dad in 1960 and 1970 uses knowledge that has been invented in 1990?
Example: Robert talks about conversations he had with RD in his youth (like when he was 10 years, that should be around 1960). RD gives advice (knowledge) which was invented (written on paper) around 1990.

Conclusion: there probably is a RD, but a lot of things RD said is made up by Robert.

Why is this positive?

Robert is an excellent teacher: he uses knowledge from NLP and 7 Habits and other sources to give us the information and mindset in an understandable way. He simplifies difficult financial matters with a story just like Kenneth Blanchard did with "The One Minute Manager".

He gives his knowledge in the form of stories because that's easier to understand. He gives advice in the form of talking about himself instead of pointing his finger at you and say: "you should do it this way". (that's Habit 6 of Stephen Covey's 7 Habits).

So in conclusion:
The purpose of the book is to introduce you to new ideas and mindsets. It's not a detailed plan for getting rich quick and it never pretended to be.
The stories are made up, but so what? He wrote the book to teach us and if he does it by making up half of his stories, fine by me.
By the way: I loved the One Minute Manager and Who Moved My Cheese :)

Final thing: people are complaining about a lot of repetition in his books and how it's a cheap way of making more money with the same stuff.

I disagree, as any good teacher will tell you repetition is the mother skill. Robert keeps repeating things which are important because we learn by repeating.

For your information: each time you repeat something it gets nested better in your (subconcious) mind. It makes more connections with other pieces of information in your brain.

Ok, that's it for my review of this book, thanks for reading :)

Rating: 5 stars
Summary: Great Reading if You're Really Into Getting Rich
Review: I honestly expected to see only 3 stars (or less) for this book, especially since the author himself admits that he wasn't much of a writer (it shows). I can also understand how he can give people the wrong impression and rub them off the wrong way. But as he himself says, it really boils down to what your reality is, and changing that reality if you want to change your life. He does have an entertaining and thought-provoking book. Even though his writing is simple and sometimes elementary it does make for a good and fast read. Of all the books he's written, this is probably the one I like the best, because he talks about the power of leverage, and using your mind. He does tend to pass off things as easier than what they are, such as investing in real estate and trading options, and especially with the latter, I'd not recommend jumping into that so soon. I also wouldn't necessarily go out and buy the rest of his products. My point is, if you honestly want to become rich, you don't have to buy his products or even his books (I have bought 3 already, but only because I found I liked reading them). If you are serious about the pursuit of wealth and happiness, then this could be your guide. However, that's all they are -- not all the self-help books, seminars, games and gimmicks will make you rich, if you don't make the principles yours and apply them each day. Being rich is really just a state of mind. :-)

Rating: 5 stars
Summary: Excellent book
Review: I read Robert's book for the first time and I am amazed. Excellent book. I am already a fan.

Rating: 2 stars
Summary: Not the most helpful of the books
Review: I have read most of the Rich Dad books, and this book sounds like the rest of them. The focus is on changing your perception of wealth and financial independence.

Unfortunately, there is a lot of repeated material and a lot of references to the previous four books. I kept asking myself why the information was being repeated. Kiyosaki is using his personal experience to show us that it can be done, but I don't see that this book has much that is new to tell us.

I do find the Rich Dad series to be very helpful in upgrading how I look at financial independence, and I thank the author for that. Although this book seems helpful, I would recommend giving this one a skip.

Rating: 4 stars
Summary: Some gems, but some details missing
Review: In general, I like the way the author helps you start believing that you can do more with your life than climb the corporate ladder. I had been interested in real estate investing, and I am even more so after reading this book. However, I will still need to study other resources before taking the first step.

In addition, he refers often to network marketing businesses with going into much detail. I have a fairly negative view of those businesses, and there wasn't enough information to help me change my perspective.

The bottom line, however, is that now as I drive or walk around my area, I wonder if a business might be available to purchase. I notice apartment buildings and whether they have vacancies or not. I wonder what sort of rents are being paid. It has definitely made me see my world in a new light, and it has prompted me to buy additional books to read over the coming weeks.

Rating: 3 stars
Summary: Overall good book.
Review: The book helped me overcome several of my self imposed limitations, and also helped me understand the roots of my limitations. (Think outside the box as Robert puts it). All in all, I'd have to say it was very easy reading and the author succeeded in getting most of his points across very clearly.

The bad points: On average, every 10 pages or so you will find plugs for his other money making ventures such as his game, his other books, and his seminars. I agree with one of the other reviews in that he does not go into detail about how he managed to build his empire while keeping away from the employee way of thinking, which was what I really wanted to hear about. Also, he makes tons of references to his other books, and things that he mentions in them, so at times, I felt like I was reading a second hand book.

Rating: 5 stars
Summary: Get real you 1 star people!
Review: This is a great book, possibly the best of the series. If you think all there is to life is a college degree and a J-O-B, think again.Mr. Kiwosoki has written an excellent book that is right for the times. You can retire rich and you can retire young by following the principles in this book.I also recommend "The New Professionals" and "Turner Turner, Turner: The King of Network Marketing" for additional reading and insight.

Rating: 2 stars
Summary: Rich Dad, Poor Dad == Retire Young, Retire Rich
Review: I loved Rich Dad, Poor Dad, and it definitely inspired my entire family, but I didn't get much out of RY,RR. It seems to be much of the same encouragement. I think one or the other would suffice. If you own Rich Dad, Poor Dad, just reread it.


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