Rating: Summary: A Classic! I couldn't put it down. Review: As someone who is contemplating buying his first piece of real estate, I'm glad I read this book before I made an offer! This book should go along side other personal wealth classics as "Millionaire Mind" and "Think and Grow Rich". It will change the way you view money and your socio-economic position in life. Indeed, if you already think that playing the stock market makes you an 'investor' this book will challenge your assumptions as well. While the inestment device specifics are saved for the 3rd Rich Dad Poor Dad book, this one focuses on individuals who can change the way they view the entire capitalist system and how they can best benefit from it. It preaches financial and emotional intelligence, independence from the 9-5 grind and learning how gradually move yourself from being an employee to a business owner and investor. You have to ask yourself "Where am I deriving my cash flow?" If the answer is your mundane, spirit crushing, petty political office job then you need to change today! Read this book! Better yet, I don't care who you are - have the courage to read this book! Bonus: great success oriented book selections are listed at the end such as Think and Grow Rich and Awaken the Giant Within. Get started today! You're never too poor to turn your life around!
Rating: Summary: PRETTY GOOD OVERALL! Review: All in all, the book was pretty good, although many have stated that he was really redundant (i have to agree).I must say that he presented his ideas in an extremely relatable manner which made the the book easy to read and hard to put down. Without his real life examples it would sound too good to be true. He did regurgitate much of the text time and time again (about the only drawback). I haven't yet but will purchase the book because I think it will be a good reference guide for both motivation and a FEW investment options. Oh, and last but not least, does anyone know how to get a hold of this "Cashflow" board game he swears by!?!
Rating: Summary: Good but not specific enough. Review: I have one major complaint with this book and others by Mr. Kiyosaki and that is it lacks specific strategies to move from one quadrant to another. Mr. Kiyosaki is excellent at distilling the information he does present but sounds more like a cheerleader. I got the basic premise in two chapters and then waded through an endless repeat of the same information for the rest of the book. I agreed with his conclusions of how the rich think and conduct their affairs but he does not get into how one can move from the E quadrant to the B or I.. I had recently watched his seminar on a local PBS station and was posed this exact question "How does one from the E quadrant with a limited income move to the B or I"? Mr. Kiyosaki's answer to the question posed to him was a round about evasion on tax advantages. His answer is how all his books are written; no real advise on how to move from poor to rich. The poor are poor for some of the reasons Mr. Kiyosaki gives but does not go into socio-economic factors that also effect class other than outlook on money. Mr. Kiyosaki does tell us to start part-time business and his only advise to that is start a MLM business. Anyone who has a brain and investigated these business will know the scam that they are and are not a path to wealth for 99.99% of the suckers involved. MLM only makes money for those at the top of the pyramid. Mr. Kiyosaki never tells us how to secure a business loan with no assets or how to invest so as to maximize profit and reduce risk. Mr. Kiyosaki believes that debt helps us get rich, he tells us about good debt and bad debt but once again how do we get the loans? What do we need to do to make a banker approve a loan for Real Estate investment? In conlusion this book is all style and no real substance. There is not one strategy you can implement after you have read this book to move quadrants and go from poor to rich.
Rating: Summary: Impression book Review: I am a final year student of Marketing Department in City University of Hong Kong. I feel this book is not as impress as the first one "Rich Dad, Poor Dad". However, it still a book that is worth to read. The most imporant concept in this book is the four area to earn money. That is be employed, be self employed, business field and investment aspect. Rich people often come from the business field and investment. Actually, the main concept still ask us to learn more skill rather than find a stable job. That seems quite boring in the begining of this book when compare to the "Rich Dad, Poor Dad". However, nearly end of this book. The author suggests some steps for us to take action. One of the steps is to write down the name of six people that you spend lots of time with them in daily life. That's a great idea that we will discover something that we never think about it. In other words, it is a good book also.
Rating: Summary: this is THE book to guide you to TRUE financial freedom!! Review: This is a book that will help you to find your own path to financial freedom. It discusses why it makes more sense to be a "business owner" or an "investor", as opposed to being an "employee" or "self-employed".The author also talks about the importance of buying or building a business system which would generate "passive" income(money earned from income producing assets).i found this to be one of the most impressionable CONCEPTS found in the book.All in all, a great book that's an enjoyable read!!
Rating: Summary: Excellent...will boost your motivation for getting ahead. Review: Easy reading and super explanations. It included many financial lessons in an easy-to-read story. Very enjoyable. It will change the way you look at debt, income, etc. I am now reading Guide to Investing and almost finished with that one....same author. Give a copy to your grown kids. The book is small enough, they won't think it will be a drudgery and they will learn alot!!
Rating: Summary: "Repitition Leads to Automation." Review: This book is excellent for teaching you the fundamentals of acquiring personal wealth. Despite earlier reviews finding fault about the numerous times that certain principles are repeated, some people need to hear these principles over and over again in order to learn (There is an old cliche that states: "Repitition leads to automation."). I find that this book functions as a way of counter-conditioning what we always thought about amassing great wealth. The obvious objective of this book is to try and get the reader to buy Kiyosaki's board game, Cashflow. With all it's board game hype aside, this book is still worth twice the price just for the clear and conscise (as well as repetitive) way that Kiyosaki teaches about how the rich think. Developing the mindset of "the rich", as labeled by Kiyosaki, is crucial to becoming very wealthy.
Rating: Summary: when is it going to end? Review: Good info, but said over and over and over again. This book could have been 2 chapters.
Rating: Summary: Not as good as I expected Review: I became a fan of Mr. Kiyosaki after a friend turned me on to Rich Dad, Poor Dad. Reading that book and The Armchair Millionaire side-by-side is as close to life-changing as I can imagine from a book other than the Bible. With that in mind, I browsed this book in on off-line bookstore, and decided I needed it to expand my knowledge of how to build personal wealth. On the positive side: Mr. Kiyosaki continues his slightly off-center and fresh presentation of how to look at your financial picture. Mostly, he presents the Cashflow Quadrant to you, and reinforces previous ideas. On the negative side: Mr. Kiyosaki seems to feel that repeating himself over-and-over will make a better book. This book should not have been made. The ideas in it are new ways of looking at and presenting ideas that others would simply present with text; however, the additional information provided over Rich Dad, Poor Dad should be in a phamplet, not a book. I think it's a definite read for those who like Mr. Kiyosaki... but get it from the library.
Rating: Summary: Essential reading to those seeking Financial Success Review: Book #3 by Robert Kiyosaki, and #2 in the now exceptionally popular Rich Dad series.
Cashflow Quadrant was a fascinating book for me, because it explained the differences between how people make money, including their all-important mindset, and how to move from one side of the quadrant (the Employer/Self-Employed) to the other (Business Owner/Investor).
One of the things I liked about it was that it has been written for those people looking to make a change in the way they earn their money, from Reciprocal earning (selling your time for $) to Passive income (making money with your money, regardless of your time input). The vast majority of people get caught up in the never-ending rat race of earning money by selling their time for it, yet the passive income earners of our world have the best deal of all - if they want to work, they can; if they don't, they don't "need" to do it for the money. It comes in whether they're "puttin' in the hours or not!"
Sounds like a great deal to me, if you can get one.
Like most people, I started out as an employee, working for a none-too-impressive hourly rate (doing a job I hated), and eventually progressed to being self employed, doing something I thought I'd love. I thought I had "arrived" by that stage, but little did I realise just how tough being self employed is. In between trying to get new customers, and keep them happy, as well as actually making a decent living, I also had to contend with other issues that distracted me from earning more and working less (the ultimate goal) :-)
In the end, it was nearly as much of a hassle as being an employee was, so I began to seek alternative options.
Luckily Cash Flow Quadrant came into my life just in time to allow me to gain a new understanding of the process of earning income. While I already understood Passive Income, and wanted to have it in my life, Cash Flow Quadrant really explained it much better so that I could now see what changes in mindset and activities I needed to make to achieve my goals.
In short, Kiyosaki explains that the better (in his and my opinions) side of the quadrant is the B/I half (B=Business Owner, I=Investor), and why, and gives some good ideas about how to get started in moving across the "great divide".
Most of his subsequent books (especially his Rich Dad Advisors series) covers more specifics on how to achieve this, but this book is the grounding you NEED to understand why and where to head, in the pursuit of TRUE financial security (passive income). For every one who's occasionally (or regularly) sick of commuting to and from work 5, 6 and even 7 days a week, and just wants to be able to roll over instead of rolling out when the electronic rooster (the alarm clock) goes off, this book if for you.
If you are not satisfied with your work, or have grown bored or even hate it, buy this book, read it, and begin implementing the lessons Robert teaches. Now you can NEVER say you don't have a way out!
The Profit Coach loves this book and gives it (yes, you guessed it) 5 stars! (...)
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