Rating: Summary: Magazine Article Tortured into a Book Review: I have read Rich Dad, Poor Dad and recommended it enthusiastically to many people. The simple truths there, though repetitively presented, were eye openers for me. This book is mostly a rehash of Rich Dad, Poor Dad, with approximately two sections of new material. It is very poorly written, extremely repetitive of information in the earlier book and so badly laid out from a design stand point that I was offended. The worthwhile new material, having to do with what type of investor you are and giving a step by step process for moving into the quadrants that lead to financial freedom, would make a good MONEY magazine article. The rest is padding. I guess you have to spend your money to get the new information, but you don't have to waste your time reading the whole thing. If you read Rich Dad, Poor Dad, you can skim to the new parts without guilt and without worry that you'll miss too much.
Rating: Summary: Better than the first book, Rich Dad/Poor Dad Review: Cashflow Quadrant is better than the first book, Rich Dad/Poor Dad, in my view. Robert T. Kiyosaki is right in that the ideas in rich people's heads are vastly different than the ideas in poor people's heads. Apparently Kiyosaki is gradually creating a productline of books and games about money along the lines of other motivational speakers and authors like Earl Nightingale and Tony Robbins. He's offering an expensive boardgame (about $195/Cashflow 101) with a second boardgame Cashflow 201, the advanced game, coming next. Personally I lean towards getting all the most basic ideas in one product vs an endless series of continuing financial education courses. Kiyosaki does talk about solid financial ideas which often in the real world are not freely talked about. Robert T. Kiyosaki (with Sharon L. Lechter) - thank you.
Rating: Summary: This book is definitely worth than 14 bucks! Review: Mark my words, Reading this book is definietly for your life definitely than one 30 bucks dinner.
Rating: Summary: Gee, where have I heard this before? Review: This book tells you to live below your means, save as much money as you can as early as you can, and invest it for the long term. It emphasizes understanding what you're investing in, such as the discussion he gives regarding his early real estate investments. There's nothing new here, and the author takes what could be summarized in a few pages and turns it into this big long overly complex mumbo jumbo treatise on personal finance which will do nothing other than take up a lot more of your time than necessary and make the author rich, which is obviously the point. Save your money. You'd be better served by The Millionaire Next Door or Eight Steps to Seven Figures. And please don't think you're going to become a real estate tycoon reading this either. there are few better ways to lose a lot of money.
Rating: Summary: Go to Rich, Do Not Pass Jail Review: Mr. Kiyosaki has done it again. "Cash Flow Quadrant", like "Rich Dad/Poor Dad" is written in a simplified, but non-condescending manner. Instead of telling you what to do, he simply focuses on the "hows," and "what-you-need-to-knows." Because of the simplistic manner of the writing, one feels more inspired to put a plan into action. The writing style also helps to strip away preconceptions such as, "I'll never be rich, that's only for a lucky few," or the ever popular, "It's not what you know, it's who you know." Then there's the "It takes money to make money," crowd. Mr. Kiyasaki goes about dispelling these myths in a friendly, thought provoking, yet simple manner.
Rating: Summary: Part of a Two-Book Financial Strategy Review: If you are going to read only one book this year, do NOT read this one. Find the time to read two books, because you need to read this book first and then read Robert Allen's "Multiple Streams of Income." "The CASHFLOW Quadrant" is invaluable in helping the reader understand the four quadrants of income and determining where he or she is and wants to be. It challenges the assumptions of middle-class investing and wealth generation and requires you to think critically about your approach to income and wealth. This book outlines broadly what you can do to move to the two right quadrants (where wealth generation is leveraged and you can be paid more than once for a unit of labor) and challenges you to make the journey. . . Allen's book then provides a wealth of ideas about how to generate the streams of income that produce income in Kiyosaki's right-hand quadrants. These books are perfect complements: Kiyosaki's to challenge and inspire the reader to engage in high-leverage income-generation activities, and Allen's to identify and implement these activities.
Rating: Summary: Eye Opening Review: Bottom line explained in Rich Dad / Poor Dad is : Assets feed you, Liabilities eat you.Once we move beyond this basic principle, it is eye opening how much we lose to all trashy taxes, and unnecessary 'doodads' because we don't operate with financial intelligence. Taking the approach in this book, I found $20K per year which I was gladly throwing out in the trash previously, without realizing it. The book does not get detailed enough into the various corporate structures, and what benefits each affords in terms of asset protection, which is about the only drawback. A really great book, once you have read Rich Dad Poor Dad. This book should be required reading for high school graduation.
Rating: Summary: Hint: Kiyosaki is making a lot of money from his books. Review: Nothing much here to recommend it. At its best, the book provides a unique perspective on the American spendthrift. At its worst, it wallows in a repulsive adaptation of the Protestant work ethic: there's a higher power out there who wants you - yes, YOU - to be rich.
Rating: Summary: Completely Changed the way I think of Income Review: I bought Rich Dad Poor Dad and The Cashflow Quadrant. Basically the author shows you the typical poor/middle class financial statement with Income coming in from a job, and going out thru the expense column - meanwhile racking up lots of liabilities in the process, and accruing no assets. (Author's Definitions: ASSETS PUT MONEY INTO YOUR POCKET AND LIABILITIES TAKE MONEY OUT OF YOUR POCKET) Then the author shows the same thing for a wealthy person, only this person uses their money to rack up Income Producing Assets which then create an income stream into your Income column. Eventually, these multiple Asset Income Streams will remove the need for the Job Income Stream, and now you can concentrate on nurturing and growing your assets, and creating even more income from them. The Cash Flow Quadrant while touching on everything above, also goes further to identify 4 different Quadrants that people normally fall into: Work for an Employer, Self Employed, Business System Owner, Investor. It goes into lots of detail about the various quadrants, how to get the most out of each of them, and how to either incorporate a little of the 2 right quadrants into your current quadrant, or how to eventually move to the two right quadrants altogether. EXCELLENT!
Rating: Summary: Don't let March 22,2000 reviewer influence you. Review: Please don't let the March 22,2000 reviewer influence your purchasing decision. Everyone is entitled their own opinion, so if this reader wants to write a poor review that is fine. However,I hope his opinion doesn't influence your decision. I read atleast a book a week and this was by far the best book I read (and reread) last year. This book is a gem and everyone should read it. I don't normally write reviews for a book, but I had to make an exception in this case because this book is pure genius. I cannot stress enough - READ THIS BOOK!
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