Rating: Summary: This is Book #2 in the series... Review: This is the second installment in the "Rich Dad" trilogy. It carries the same basic messages as Rich Dad, Poor Dad, but it expounds on the thoughts in the first book.This book talks primarily about the 4 ways people earn money, as an employee, a small business owner (a day job you happen to own), as an investor/owner of businesses you do not have to run, and investments. The author explains each category of earnings, and what the pros and cons are of each. As in the first book, it is written conversationally, and is very easy to stay with. There are some exercises - and they made some lights come on for me. After reading about each of the four quadrants, he asks you to place the people you spend the most time with in each category. This isn't an exercise in berating your friends and family, but an eye-opening look at the people who heavily influence your life. All of the sudden you're looking at your friends (or yourself/family) and their expensive toys, and you start to realize keeping up with the Jones's isn't all it's cracked up to be. As with book #1, this book can provide you with insight that can change your financial life - if you are open to it and allow it to happen. I recommend this book as a jumping-off point. You should be able to gain enough insight from this to help you see a future path for yourself and your family. If you approach this book with an attitude of "I want to break the financial pattern I'm in. I want to derive income from somewhere other than my job." then you are sure to gain from this book. There are no "magic wands" here. If you think all of your problems will be solved by this or any book on personal finance I recommend you save your money - you'll need it !!!!
Rating: Summary: You 1 Star wonders just don't get it, do you??? Review: Great read...you 1 Star wonders just don't get it..do you??? and that's ok...join the 97% of the population in the U.S. that retires broke...I'll be the one holding your purse strings!!!
Rating: Summary: A book about the methods of making money. Review: This book, overall, was good. The author compares/contrasts different types of people, and the different methods they use to make money. There are four main types (quadrants): Employees, Self-Employed, Business Owners, and Investors. He comments on the pros/cons of receiving income from each quadrant. For example, a pro of being an employee is that there is job security (supposidly). The con, obviously, is that income is, most likely, limited. It also talked about the flow of money, and the different methods there are to allocate your money accordingly to reduce taxes. The reason I only gave it four stars is that he repeats a lot of the things that he stated in his previous book "Rich Dad, Poor Dad." I didn't like having to pay for information that I already knew. I realize that there are some people who may purchase this book without purchasing his first one; you will be lucky in this case. However, if I had to choose between the two, I would say his first book is better.
Rating: Summary: If you're serious, this book will change your life Review: I am a big fan of RK so take this with a grain of salt if you hate the guys guts. First off, I've been studying money books for almost two years. Most of them were for the middle class which told you to play it safe and diversify. Answers were little and fear was great. Basically, if you had a lot of time, you could at least retire adequately from those books. So then I found RK last May and what a change! This was exactly what I was looking for: not people who couldn't walk the talk but people who had done it and done it well. Understand that RK and his wife lost most of their money and had to live with a friend (it's in their second or third book) but there's no shame in this per se as some people feel. This guy is basically telling you about his mistakes, at the risk of being attacked, and letting you avoid them. I've played CASHFLOW 101 about 30 times and moved on to 202 and have played it about a dozen times now. THe group I am with is positive and training their minds to see the invisible. One guy has already started to do r/e deals in Calif and while he is still looking around in a tough market like the Bay Area, he's moving along. RK's books are really about opening your mind to the possibilities as cliche' as it sounds. Once you decide to specialize in a particular investment vehicle (i.e. real estate, MLMS, stocks, etc), you will need to get the information from other sources. In CQ, RK covers the different boxes we all live in and how you can get out of the bad ones to the good ones. He also spends more time in helping you exercise your basic financial acumen. The important things RK's books do is give you smidgens of various fin. vehicles and, more importantly, teaches you to believe that the possibilities are out there. Let me stress that again: the possibilities ARE out there. The problem is: most Americans have trained their mind to believe there are very few and they cannot get them so they repeat this vicious circle. That's the biggest problem I've noticed since training my mind and learning. You've got to believe and you have to start seeing the possibilities: or, seeing the invisible as RK calls it. Once you start doing that, you're on your way.
Rating: Summary: Watered down and badly written Review: As with many self-help books, much of the text in this one is an endless chant of the same four or five nuggets of general advice and observations, intended to get the reader excited about the idea of making a change in his/her life. No insightful truths emerge. Some basic financial guidance does, but stuff that is covered better elsewhere. And after 200 annoying pages of this, it shifts into a not-so-subtle sales pitch for some other product the author has dreamed up. Light on content, and more than a little manipulative. Like a previous reviewer has suggested, I'd advocate instead reading a lot of the (free) content available at the Motley Fool investment site (they also sell books, but start with the free stuff ... there is a lot there). Check out 'The Millionaire Next Door' ... also over-marketed, but it does contain a higher quotient of usable, practical help.
Rating: Summary: Just "Read" It Review: When I pick up a book to read on wealth building by an entrepreneur and self-made millionaire, I don't care if it's written with wonderful prose and great story telling techniques. If I want that, I pick up that kind of book. That's just for all the cynics out there that I see commenting on his poor writing style and redundancy. There is redundancy, but to me there is so much information in this book that the redundancy (in most cases) helped to refresh my memory as new ideas accumulated. I am 19 years old, and currently in college. In other words, in the next few years life will begin. I don't want to face the same "real world" I see 95% of people I know face. This book has forever changed my impression on money making. Every word does not need to be taken to heart and this is not a book about following the authors. At the least it will open your eyes to how the world of money really works. I believe I owe this review to the author because I know he has forever changed how I think about the financial world. He has inspired me to read many other books on capitalism, etc. The problem for me is I can't get my friends to read this important life changing information. If only they would take the short amount of time it takes to read this conversational book. At the least, it will open your eyes. I can't stress the importance of this information. I know some of you may read this and say, "Oh, to be 19, so much to learn about the "real world." What do you have to lose? I guarantee, unless you're already a capitalist, you will learn something from this book and his others as well. This book is in some way redundant from the first, but also contains priceless basic information that I know many people today simply lack due to arrogance or business. One other point, if Robert Kiyosaki is a hugely successful capitalist, why would he even need to write these books? Yet he does. Yes, his books are a convenient medium for advertisement of his products, but maybe, just maybe, he's there to help. Also, since this review is already a book in itself, I would like to take the time to also thank the late Napoleon Hill for his book Think and Grow Rich, based on the Andrew Carnegie formula for success followed by at least 500 other successful business people in the earlier part of last century. I am currently a middle class citizen, but it does me no good to resent the rich. Why not ask yourself this question: How do the rich become rich? I wanted answers to that question a lot clearer than, "They're greedy" or "It's given to them." There are answers; these books begin with the foundations. There are many others to read as well. I have read the Millionaire Next Door, and I now wonder, is there a millionaire next door to me or an overextended hyper-consuming yuppie achieving the "status" and neglecting to ask him/herself, "How to the rich get rich." "Most millionaires don't drive new cars."
Rating: Summary: Generating cashlow for the author Review: I read this book after reading the first book in the series Rich Dad, poor Dad. Rich Dad, Poor Dad, had a number of valuable ideas in it and was, overall, worth the read. However, I was sorely disappointed in Cashflow Quadrant. This book was just a regurgitation of some of the concepts outlined in the first book. There was not a single important idea, or concept presented in this book that was not covered in the first book. The miraculous "Cashflow Quadrant" is just a set of four categories in which you can put people. The author spends the entire book trying to tell you how to get into the most desireable categories of his "cashflow quadrant." The problem is that the instructions in this book on how to get move into the desireable categories amounts to little more than cheerleading. The advice is so vague as to be non sensical: "Learn the game, then play the game." (That was supposed to mean something?) If you're looking for another dose of the exact same principles outlined in Rich Dad Poor Dad, interspersed with vague directions and cheerleading, this is the book for you. The only thing this book teaches you is how to put cash in the authors pocket.
Rating: Summary: Long on talk but short on facts and details Review: Robert provides some very basic information on how to acquire wealth. Most of it is actually common sense. Pay down debt and acquire appreciating assets rather than doodads as he calls them. Don't become a consumer and make other business owners rich he says. However, he falls short of providing factual information rather than his own opinions. For instance, he says the rich don't buy mutual funds yet offers no proof that is the case. In fact the rich do buy mutual funds as evidence in the book, Millionaire Next Door which did actual research into the wealthy. Robert sometimes contradicts himself in the Rich Dad series. First he says buy real estate to get wealthy and then he says don't buy real estate if you have no interest in it. Then he says don't listen to the doomdayers who say investing is risky. But he goes on to predict the next depression within 20 years and thus becomes a doomsdayer himself. Then he goes on to recommend becoming a business owner to acquire wealth and quickly contradicts himself again by saying 98% of all businesses fail. In short, if you've mastered the basic knowledge on how to acquire wealth, then skip the Rich Dad series. Robert doesn't provide the detailed steps necessary to invest in real estate or become a business owner. Robert K, like most financial book authors have the typical one recipe fits all mentality to build wealth. They believe that what worked for them must work for everyone which is seldom the case. Personally, I preferred the book "The Millionaire Next Door" to the Rich Dad series because the former is based on facts and research by PHD's rather than unsubstantiated opinions.
Rating: Summary: Common-sense self-help pish-posh Review: In this latest addition to his increasingly remunerative publishing career, Robert Kiyosaki serves up the same lessons he did in "Rich Dad, Poor Dad," reheated and recast but essentially unchanged in their main message. His particular genius lies in crafting a bald-faced marketing ploy into a series of best-selling books, enabling anyone to contribute to the ongoing Kiyosaki wankathon: just keep buying the innumerable spinoffs of his already impoverished "Rich Dad" hit, buy the sequels, the audiotapes, the games, go to the lectures... maybe you'll get rich too someday, but this book (and its like) won't help you get there. It's basic common-sense management advice that might keep you out of debt, but probably won't deliver you into fantastic wealth unless you've already got what it takes to get there. My hat is off to the author for getting so much mileage out of a few simple ideas.
Rating: Summary: Not a connect the dots book Review: I was given this book as a gift by a close friend who is interested in personal finance (actually, he's a financial advisor), and in fact, it sat on my bookshelf for close to a year before I cracked it open. I've read a lot of other personal finance books, but I enjoyed this one so much that, after finishing it, ordered Kiyosaki's other two books in the series, "Rich Dad, Poor Dad", and "Rich Dad's Guide to Investing". I equally enjoyed those. It is not a road map to get from point A to point B. Rather, it is food for thought, and for thoughtful people, should provide some ideas and inspiration in building and creating their own version of a dream. Anyhow, even if you don't agree 100% with what he says, most people will still find it inspiring and likely useful.
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