Rating: Summary: Rich author, Poor reader Review: Robert Kiyosaki sure made himself very rich - his books are selling like hotcakes. It is easy to capitalise on people's desire to grow rich. Book 2 is nothing much more than a repackaging of the ideas presented in Book 1. Again, the content is irritatingly repetitive and lacks substance. Its effect is comparable to the best sleeping pills. Why did I read this book? The answer is simple: I want to give the author a second chance to convince me. I have been disappointed. If you enjoy reading common sense, go buy it. Otherwise, save your money for something more productive. I didn't fall prey, the copy I read was borrowed from someone.
Rating: Summary: This is about writing books, not advice Review: Read his books and listened to his books on CD- he is not going to say how he moved from the E quadrant to B quadrant...this is about him making money by writing books. Reminds me of Robert Allen- Multiple Streams of Income... This is just another one of his multiple streams. He hasn't really said anything that most other financial books have said.
Rating: Summary: This guy can write. Powerful book! Review: Not since "Who Stole the American Dream" by Burke Hodges has anone written a book that dispels the notion of go to college, get a job and work hard--ENT!Not since How to Make Nothing But Money, a NY times best seller by Dave DelDotto has anyone explained with clarity the power of paper; Real Estate, Tax Liens and Discound Mortgages.Self employment is the way to go and this book proves that the American Dream is ALIVE & WELL.In this decade and beyond, more money will be made in network marketing, real estate and the stock market than ever before.Anyone who wants to participate in that growth must read this book.I also recommend Wall Street Money Machine for the new Millenium for powerful cash flow strategies.
Rating: Summary: poorly organized Review: Mr. Kiyosaki does present some good ideas in this but they are buried in redundancy and the book could easily be trimmed in half.The presentation is not well organized and any guidance offered tends to change depending on how he's trying to persuade the reader. For example at one point he tells us the "Rich" aren't at all risk averse, yet later they only undertake risk if they know the outcome to be assured of success. The book does contain numerous positive elements which are invaluable to understand. His discussion of the perfectionist nature of the self-employed, is insightful regarding their inability to trust others and thus limit growth of their business. In the aftermath of Enron and the ensuing questionable accounting practices of other public companies I believe his advice against diversification is not in the best interest of most people. The non-diversified employee 401k plan is presently the source of considerable discussion. Perhaps Mr. Kiyosaki could better his argument for this strategy by explaining the positive and negative arguments for and against the diversified portfolio and illustrate weaknesses in the theoretical models which are in use by mutual fund companies today. The two pages of debt reduction strategy at the end of the book are very useful to those who are plagued by debts, but only if one is disciplined and can keep Mr. Kiyosaki's lessons in mind afterward.
Rating: Summary: Great for the novice wanting to step up into passive income Review: Cashflow Quadrant: Rich Dad's Guide to Financial Freedom by Robert T. Kiyosaki, Sharon L. Lechter (Contributor) Kiyosaki wrote a great book with "Rich Dad Poor Dad", but this was not quit as powerful, and not just anyone can manage or start thier own business or leave their traditional day job without going bankrupt. However, he does make the average person think! Which is an accomplishment in itself. I like Kiyosaki's style, so he gets five stars, rather than the four I was going to give this book, had it been written by Robert Allen or someone likewise. If you want to begin to THINK like a true investor, then buy this book, if you already are an investor, stop, turn away, and invest in rental real estate like I do. I hesitated to write the previous sentence because I know many people that truly think they are investors, when in fact they are gamblers. If this sounds confusing to you, then you should buy the book, as it is the most powerful concept that Robert Kiyosaki defines, and it really is life changing. I highly recommend "Rich Dad Poor Dad", "Cashflow Quadrant", and "Rich Dads Guide To Investing", for the novice. After you have these three Kiosaki classics in your library, I would start to find other sources of information, as your probably ready to actually do something, and not just dream about doing something. Robert Kiyosaki never does say "How-To" to do anything, but getting you mentally prepared to move forward is accomplished in his works. Robert is the master of teaching you "Why" you must do something, which is a necessity for any person seeking wealth. ...
Rating: Summary: It might not happen to everyone Review: I collected this wonderful book today from the post office. By the time I had finished page 31, I had thought of a new invention. The part that got my brain working overtime was when the author mentioned business systems and the I quadrant. I will mention this book when I appear on TV to talk about my invention. "An invention is a soultion to an irrating problem" David A
Rating: Summary: Outstanding book! Helps clarify the differences of mindset. Review: This book does an excellent job of describing the attitude and mindset of the financially literate versus the average person. It gives few specifics; it merely starts you on the road to achieving the right mindset, you must walk down it. Example, the dumb investor sees an investment property that looks georgeous on the outside, but the intelligent investor might see the same property with no accounting for vacancy rates, management fees, repairs, poor zoning, and a negative cash flow. It teaches us to think rationally about investing, not emotionally. It has us learn the things that make a successful business person, like learning to understand the behind-the-scenes stuff like finacial statements, and how interest rates effect everything. I believe it is one of the great books that can help create the foundation of a great entrepreneur. The person not ready for the information will probably get very little out of it, though.
Rating: Summary: Better than "Rich Dad..." Review: Robert Kiyosaki, author of the best-seller on personal finance, "Rich Dad, Poor Dad" comes back with "The Cashflow Quadrant." This time around he goes into the differences between the people who struggle in the "rat race" (the Employee and the Self-Employed type, or the left side of the Cashflow Quadrant) and those that are on the "fast track" (Business Owners and Investors, or the right side of the Quadrant). As much as this sounds like "deja vu" for those who read "Rich Dad..," this book can be considered as a general practical complement to it, rather than a mere repetition of it. Chapter 5 is particularly interesting as he describes what he considers to be the 7 levels of investors, ranging from the one who has nothing to invest and the borrower, to the sophisticated investor and the capitalist. It puts a mirror in front of you, by making you question which level you are in, where do you want to be and how you can get there. Chapter 6 and beyond are true eye-openers for the uninitiated: "the name of the game is 'Who is indebted to who?'." It becomes apparent from reading the last part of the book how easily, because of our low emotional IQ, we fall prey of our fears and greed and end up sinking further into the "rat race." Finally, the book wraps up with some very good pieces of advice (seven steps to help you find your financial fast track). I've already taken step 1 (minding my own business) and I'm currently working on step 2 (taking control of my cash flow). As much as its predecessor, "Rich Dad...," it could use more editing (it sometimes jumps between topics without much structure), yet... then again, this is not a Literature Nobel prize winner writing! All in all, the book coves some ground which the first one only insinuated. If you haven't read "Rich Dad, Poor Dad" yet, start with this one. There is nothing in "Rich Dad..." that this book won't provide as well, and there's a whole lot more.
Rating: Summary: A few ideas but redundant Rich Dad Poor Dad material Review: If you haven't read Rich Dad Poor Dad this book would be the equivalent and would be worth a read to gain new ideas on helping oneself financially. The ideas and concepts presented here are the same as the content in Rich Dad Poor Dad.
Rating: Summary: Repeat, reiterate, and recap x 50 Review: Easy reading but I have to agree with other readers who commented that this book should be a pamphlet or should be in 2 chapters. 1st quarter of whole book was repeating the same stuff over and over again with no new information. My suggestion would be to borrow it from the library and then if you think you must have the book, buy it.
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