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If you don't plan on working hard all your life... this book is for you. If you're ready to retire (or want to retire early enough
to enjoy your retirement years) you can learn from Robert's story of how he and his wife Kim started with nothing and 'retired'—financially free—in less than 10 years. This book makes the case for how a context shift in the way we think about money and investing allows us to see opportunities others miss and create the life you deserve.
- Sales Rank: #36959 in Books
- Brand: Plata Publishing
- Published on: 2012-07-31
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 1.00" w x 6.10" l, .90 pounds
- Binding: Paperback
- 368 pages
- Trade Paperback
From Library Journal
In this fifth addition to his highly successful "Rich Dad" series, Kiyosaki (Rich Dad Poor Dad) now focuses on the power of debt leveraging in order to work less and earn more. Beginning with the principle of changing attitudes about financial freedom, he explains the difference between earned income and passive or investment income, managing good debt that makes money for you, such as in real estate, the fundamental concern about 401(k) retirement plans that are too focused on stock market performance, and the need to create a long-term financial freedom plan and the emotional discipline to stick to it. Listeners will likely be captivated as they learn how to replicate his success, and the crisp narration by Jim Ward definitely makes this fact-filled collection of sound financial advice another hit for Kiyosaki. The solid, practical insight into how to put together a plan to financial freedom will require a commitment to changing lifestyles and personal attitudes about work and, of course, enough time left in life to allow the investments to succeed. Highly recommended for all public libraries, especially those that have not yet begun to add Kiyosaki's other super titles to their business and investment collections. Dale Farris, Groves, TX
Copyright 2002 Reed Business Information, Inc.
About the Author
Robert T. Kiyosaki co-founded an international education company, teaching business to graduates. Now retired, Robert does what he enjoys most...he invests. Sharon L. Lechter is a consultant to the toy and publishing industries, and a business owner
From AudioFile
The RICH DAD, POOR DAD author urges us to shift from a wage-earner mentality to the fast track of creating assets that make money for us. He shows that presumably safe methods like a steady job and blue chip stocks are flawed; he recommends educating oneself and taking a few risks. The program focuses on rental property, building a small business, and network marketing as good ways to create a money machine. The tone of the program and the author's personal success stories are very convincing. For a break from buy-and-hold financial advice that really gets at the heart of why we work and invest the way we do, few other personal finance writers are as clear, concise, and influential. T.W. © AudioFile 2003, Portland, Maine-- Copyright © AudioFile, Portland, Maine
Most helpful customer reviews
8 of 9 people found the following review helpful.
I don't believe much of what Robert Kiyosaki says.
By Smeado
I can't believe I'm the only one that caught Kiyosaki's terrible error in his options story fabrication. He claims he sold a $40 put option on a $45 stock for $5 share. He's off by about a factor of 10 on that option value. He also seems to have a misunderstanding of how options are valued. He apparently believes that options are valued based on future stock price speculation which is mostly innaccurate. Options are supply/demand based but are mostly valued by their distance from the current underlying share value and the length of time until expiration. The future stock value speculation is already represented by the current share value. This is a big credibility killer in my book because this means his entire story is made up, and made up poorly.
I'm one of those that believes he made up his rich dad in order to create false credibility and a sellable theme for his books. It obviously worked but it's about time to drop it. It's nauseating to have someone begin every (what would be a prophetic) sentence with "my rich dad always said..." and then two paragraphs later go on and on about honesty and integrity. I feel it's really a shame that he's tarnished what is a needed and worthwhile message.
1 of 1 people found the following review helpful.
Amazing
By Jeremy Rosenthal
This is one of his best books. It is filled with actual information and the perspectives on money, assets and liabilities but in particular what it means to expand your horizon to create money out of nothing but effort.
0 of 0 people found the following review helpful.
Recommended
By Sean
Recommended
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