5 comments about Rich Dad's Prophecy: Why The Biggest Stock Market Crash in History is Still Coming...and How You Can Prepare Yourself and Profit From It!.

1. There is nothing to see (read) here. You know now what you will get from this book. Spend your money elsewhere on Amazon.



2. Kiyosaki does a great job explaining the decline to come. Par for the course, the author is less than clear with his advice. If you have not read "The Second Great Depression" or other books like it I do highly recommend this volume. However, your money may be better spent on a more technical manual on how to profit during a declining market.



3. Robert Kiyosaki is a motivational speaker that also happens to sell books. If you are looking for a "How To", then you're in the wrong place. The Rich Dad, Poor Dad author seems to always strive to make you think about your financial future, and Rich Dad's Prophecy is no different.
   
   Using scare tactics to elicit a response from you, this book strives to tell you that the stock market is a bad place to invest your money, and presents reasons for this opinion. However, looking historically, this has not been the case. One of Kiyosaki's main points is that the market will crash because all of the baby boomers will be drawing out their money at a rate that the stock market won't be able to handle.
   
   Kiyosaki's point could be a valid one, but there is too much wealth in the world (that is not controlled by the United States' small group of retiring workers) for this speculation to be factual. Read Kiyosaki's book for the motivation it will provide if you need it. Don't read Kiyosaki's book if you're looking for ideas on how to invest your money (unless you're thinking of building a motivational book series with your "Pay Yourself First" funds).
   http://rhapsodiesofross.blogspot.com/2008/06/rich-dad-richer-dad.html



4. The premise of the phrophecy is that the baby boomers will pretty much take their money out of the stock market suddenly and cause it to crash. I suspect the market is far more vast than considered and the baby boomers' 401ks combined represents only a few drops in the bucket. If the market crashes, it won't be because of this prophecy's premise.



5. In his latest book "Prophecy", Robert T. Kiyosaki predicts a major stock market crash in the near future. This, he says, is a result of the baby boomers (mostly) saving for their retirement via stock investments and given that a large number of them will retire from 2016 onwards their investments will have to be cashed in as it will be needed and as a result the market will fall if not crash. Apart from that, RK says, that most baby boomers may not actually see their money ever again as more often than not most of it is invested in their own companies, i.e., the ones they work for, and if their employer goes down the drain so will their funds saved for retirement. Kiyosaki uses the demise of Enron as an example to demonstrate this.
   Granted, there is nothing really new about all this. If you have spent any time working in the financial field you would know about this - although over the years I felt that people tend to stick their heads in the sand and hope that this will not happen or somehow go away
   
   Apart from complaining about the existing system and the financial illiteracy of the vast majority of the market participants (and that would appear to be the main problem), Kiyosaki in Part II of the book sets out a game plan on how to build your own financial ark.
   
   What I like about Kiyosaki's book is that he is pointing his finger straight at what could potentially happen and he does it in rather convincing style. There is indeed a good deal of information here that Kiyosaki has mentioned in his previous books, but I am not terribly upset about this as it serves to reinforce the message. Besides, if you haven't read any of the previous Kioysaki books, you would be stuck in the middle of nowhere if Kiyosaki left out the previously published information.

5 comments about Rich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate Leverage.

1. Michael Lechter's book "OPM" Other People's Money is one of the finest books written for creating financial leverage. The information teaches anyone how they can take an idea and truly turn it into a significant financial gain without risking their own capital.
   
   You do not need money to become successful. You need a worthwhile idea and other people's money and or resources to bring that idea to fruition. Don't shelve your dreams due to lack of cash flow. One idea in this book provided me with over $30,000 in other people's resources and I did not give away equity to do so.
   
   After you read this book then lack of cash flow is no longer a reason not to transform your ideas into reality. Apply the knowledge in this book and you have more than a short-lived chance of success. We have all heard the saying that knowledge is power. Once you have learned the information contained within this book you will have the power, you just have to apply it.
   
   The material is straight forward. This is a must read for anyone that considers themselves a true entrepreneur. I learned more about cash flow and understanding how to attract other people's money and resources in this book than I did in six years of college.
   
   If I had this information prior to starting my entrepreneurial life I am sure I would be 50 times wealthier today.
   
   Thank you Michael, You Rock!



2. One of the concepts the Rich Dad series has taught me, and you see this throughout the free enterprise system, is that "he who creates the investment gets most of the gold".
   Bill Gates. Warren Buffett. The real estate developer next door turning five acres into a small strip mall, or an apartment complex.
   
   This book shows how it's done. From concept, to trademarking and patenting, to incorporating, to raising the funds, everything short of filing the IPO is included, albeit briefly. But that's OK, you'll need your own attorneys and professionals to customize these parts for your application, anyway. Just don't cut any corners.
   
   Michael gives you examples throughout the book as to how the process should work... and a few examples of what happens when you cut corners. (it can get ugly at this level, gang!)



3. I am mainly interested in real estate investment, so this book did not have a whole lot for me. It would be really great if you are looking for capital to begin a business. I just wanted money to buy houses with!!



4. If you really want to be a Real estate investor,then this is the book to purchase.The book is an investment in itself.



5. A true entrepreneur knows how to leverage other people's ideas and other people's money to create more wealth for everyone around them. Michael Lechter has outlined several ways to bring other people to the table to combine their investments with yours.
   
   It's not the easiest read on the shelf. But, the content is great and the information is on the money.

5 comments about Rich Dad's Retire Young, Retire Rich.

1. Once again, the Rich Dad series has an inspiring and motivational book. No it doesn't give you all of the answers, but tells you how you need to think to be rich. Why do most lottery winners go broke? Because they don't know how to think and act rich and just blow their money. This book will definitley help you think rich and become rich if you beleive in yourself.



2. Like other author's book, this one is also easy to follow, a good bedtime read. Unfortunately like other books it lacks more specific detail on the subject although it is present more here then in the other books.
   
   The whole series is a good eye opener but author would do all of us a favor if he would make all of it into one book.



3. Saw this guy hawking his hype on TV and decided to do a little background checking. While his general priciples are expoused by any financial "guru" the fact remains he's been bankrupt at least once following his own information. Real estate is risky business and not the bed of roses he makes it out to be. Just wait until your first stinker of a renter and when the state comes a calling because the person you rented a 1 bedroom apartment to has two kids and the law doesn't allow this (after the person told you they had no kids).
   
   Wouldn't surprise me that most of his money comes from selling these books more than real estate.



4. I read this book and Rich Dad, Poor Dad and really felt this book was an all around better book. It went into not only more detail explaining things, but I like the depths of stories better as well in this book. I recommend that you buy this book.



5. Wish I read it when I was 15! A very good and clear book on creating value in terms of assets and cashflow. Though much is said about properties, it can be applicable to many businesses or ventures of a passive income nature to work towards financial freedom.

No comments about Rich Dad's Advisors: The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals (Rich Dad's Advisors).

3 comments about Rich Dad's Advisors: Guide to Investing In Gold and Silver: Everything You Need to Know to Profit from Precious Metals Now (Rich Dad's Advisors).

1. This is a very well written book explaining both the do's and don'ts of investing in precious metals. Lots of historical context without getting too deep or boring, about why every fiat currency that's ever been has failed, and that includes our own dollar heading for bankruptcy as well. Far from being any kind of kook or conspiracy theorist, Michael Maloney of GoldSilver dot com fame, pens a convincing story about why all things financial are cyclical and why at this current juncture, investing in gold and silver is the right and potentially profitable thing to do. Inexpensive in cost but maybe one of the more valuable books on gold and silver investing you'll read lately, it's an enjoyable, easy read that you can share with family and friends. Even if they don't agree on the role of precious metals in our upcoming economic trials and tribulations, I'll bet they'd still say they enjoyed this book. I know I did...



2. I became interested in precious metals and economics about a year ago and have been reading and watching everything I could get my hands on. After a while you begin to see that there is a lot of common ground shared between most of the material out there and being new to the "Rich Dad" stuff I wasn't sure what to expect from Mike Maloney (though I did like the series of interviews he did with industry analysis professionals). I was very impressed with the amount of original research and information I found in this book - it covers all the bases from the historical trends and cycles, to the fundamentals of economics and everything in between. Of all the books I've read on the subject this year (about 10 so far) this is by far the best overall coverage and was the most fun to read.



3. If you don't know why gold and silver are a good investment "Guide to Investing in Gold and Silver" will tell you why they are. Simple to read full of facts about money and currency and history of money and currency. It breaks down complicated economics into fun easy reading. This book gives you the do's and don'ts of investing in precious metals and a clear understanding of why now is the time to invest in gold and silver. If you want to protect your wealth from inflation or build your wealth through gold and silver this book is a must read. A great addition to the Rich Dad library of books!

5 comments about Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money (Rich Dad's).

1. This one is worth sharing with EVERYONE! I am leading a group through this teaching. Every parent should be teaching the techniques to their children. This could be the REAL GREENING OF AMERICA.



2. I read this book last Saturday at the bookstore. It took me about 2.5 hours to knock it out. Honestly, much of it is just RDPD stuff repeated with some Rich Dad's Guide To Investing thrown on top for flavor.
   Still, it's necessary to go back to the basics one and a while. Robert has always been a good story teller. You'll get the same stories out of this book but with more details.
   Robert also covers a little current events for us in relation to the weakness of the dollar and the price of oil. I have to honestly say I would probably never understand the economics of it all unless Robert was there to dumb it down for me a bit.
   A reviewer made a comment about how Robert will write a book to pay for a liabilty...O.K. What's wrong with that? Developing an asset is what his business is about. I think people just get mad when he divulges parts of his operation they'd rather not know about.
   If you're looking for some meat and potatoes on how to actually make money in real estate though...check out David Lindahl's books.



3. I've read many books from Kiyosaki and I never get bored. It's amzing how he explains the matters of money, and how easy it sounds. I'm looking forward for his next book.



4. This is the first kiyosaki's book I read and it revolutionized my idea about money. I wish I could have read it 7 years ago before I finished my ph.D in Biochemistry. I wanted to be an entrepreneur for many years but it's the thought that wanting to be safe and getting a secure job keeping me from it... Now I am thinking about getting a MBA. I highly recommend this book to anyone wants to know some truth about money and even life!! If you have not read any other kiyosaki's books, I think this is the one you should start with but not "rich dad poor dad". This book contains most of the ideas from "rich dad poor dad". It updated "rich dad poor dad" and has a lot more practical suggestions.



5. It was very fun to read though. It definetly follows in the line of his other books

5 comments about Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!.

1. It continues on some of the topics from his first book(Rich Dad Poor Dad- a five star book) but kind of leaves you feeling inspired but needing more information. The ratios given in the book are a few of the many that are taught to finance students but in using them care needs to be taken. Companies have manipulated the financial statements used in these formulas before to get the wanted outcome. Its a good book but feels drawn out, like it could have been condensed a bit. I would buy again for the price its going for.



2. Every time I pick up a Rich Dad, Poor Dad book I get so excited about all the unique and life changing information that it is sure to hold for me. Then I start trying to read it. . .
   
   I truly believe that Kiyosaki means well but he is such a terrible, awful, wretched, and inept writer that I am forced over and over again to labor into finding what he is actually trying to communicate. He writes in endless circles, teasing you with a juicy bit of information and then taking a hairpin turn back into meaningless restatements of his personal life and literary procrastinations. I scream, "What are you even trying to say and when will you give me something that I can use!!!"
   
   And there we have the real issue. This book leaves me full of tidbits that I have no idea how to incorporate into my life. How can I possibly suss out a functional process of investing from this dizzying maze of high school writing skills and meaningless anecdotes?



3. Must read if you are interested in investing in any area. Stocks, RE, Futures, whatever. Very informative in the normal Rich Dad way. I think this is third in the series and one of the most important!



4. Excellent book for starters on the way to financial freedom or people who would prefer to be inspired by common sense approach intellect that provides a base to slingshot their financial freedom and start getting out of the rat race



5. Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
   
   Robert Kiyosaki has openned my eyes: after being 15 year working for several companies as Corporate Treasurer, Senior Operations Controller and responsible for starting-up several buisness units for my employer, I finally was inspired by Kiyosaki's Guide to investing and how you can create your own money, creating assets without buying them, going through a transformation process "trash to cash".
   
   I look at Financial Statements from a different perspective, not as a means of informing someone else of the company's performance, but as someone who would be an inside investor.
   
   This book is really great!!

5 comments about Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors).

1. If you are serious about investing in real estate and/or making money at it, then you must read this book. Anything associated with Robert Kyosaki is worth reading.



2. Rich Dad Poor Dad was great...this is not.
   
   The title of this book is totally misrepresentative of the contents. This book is about buying huge apartment buildings all over the US. Not what I would call ABC's of real estate investing. Furthermore, if you are buying apartment buildings then you are probably too advanced for this book anyway.
   
   The book is very basic and is easy to read. If you just want to get excited about the idea of real estate investing jump in.
   
   If you want something to actually teach you about real estate investing grab a book like "Investing in Real Estate" by McLean and Eldred. Also check out the podcast "Get Real, Real Estate Investing for the Rest of Us".



3. The book was very clear from beginning to end on how to invest in Apartment Complex's! It was step by step and logical. I would feel very comfortable using this book as my sole reference in evaluating and purchasing apartment complexes!!



4. Very simple to read and understand. Practical sound writen plans for real estate investing. Do recomend this book for any one interested in learning the real life basic's in begining real estate investing as a business small to large. Realistic reading of expearance. Made very good since. A straigt forward book of good information.



5. This was a thorough book. The author has real-life experience doing exactly what he writes about. He gives excellent advice on how to find the diamonds in the rough, and how to do 99% of your research BEFORE you spend a dime. I recommend this book to anyone in the industry. Fabulous!

5 comments about Cashflow Quadrant: Rich Dad's Guide to Financial Freedom.

1. A great concept.
   
   If you have not read any of Kiyosaki's books, read this one first.
   
   I hate to use the word "paradigm" because it is often thrown around too easily and it is overused, but this book will change the way you look at your financial life.
   
   Ultimately, you will need to read additional books after this one for more indepth content, but this book will get your mind going in the right direction.



2. Like others, I do agree this book is a little repetitive. Mr. Kiyosaki does restate the same ideas he mentioned in his first book but he goes into more detail on other ideas; like how he made money on some deals. This book is meant to be a general 'coaching' and not a get rich quick seminar. So the repetitive pep talks are necessary and probably are similar in method to which his rich dad gave him. Furthermore, after a lifetime of repeating bad money habits, one needs repetition before correcting those habits. I do plan on continuing the series.



3. Outstanding book. It provides the right financial wisdom that is so desperately needed by many in this country.
   Oh, how I wish I could have had a book like this 20 years ago!
   It will make much better sense if you read the first book in the series first though, "Rich Dad, Poor Dad", if you haven't already done so.



4. Want to know why the rich get richer and everyone else seems to struggle? Is this an end all on the subject- NO it is not, as Robert himself would tell you the study of money if a lifetime pursuit.
   
   However this book does an excellent job of describing the basics of why the rich get richer- and how they do it.
   
   This book is also the first that enabled me to understand some basic accounting principles- mostly by not using numbers and formulas just some simple diagrams. Does it make you a CPA- No. But it does get a working class guy with little to no accounting knowledge the basic understanding of a personal financial statement.
   
   Robert Kiyosaki (and his advisors) write books that make what seems to be complex money subjects seem understandable. Kind of the way AOL made the internet seem easy. Most of us have outgrown AOL a LONG, LONG time ago. And you can improve your financial literacy easily with Robert and his team.



5. This book is really the "core" of beliefs that are expressed in many of the author's books.
   
   Where this book excels is getting people out "employee" or "self employed" mentality and thinking in a "business owner" or "investor" mentality. After I read this book I really started looking at my co-workers in a strange way and decided I needed a change.
   
   Kiyosaki recommends investing in assets that create a positive cash flow immediately. Easier said than done, but the author admits it's not easy -to get rich!
   
   Since I've read this book, I've left the "employee" and "self-employed" mentality behind and have really focused on business owner mentality. Although my personal "cash flow" initially dropped in the process, my long term situation has definitely improved and put me on target to achieve higher levels of success.

5 comments about Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!.

1. I've read countless books on personal finance and creating wealth, but I must say Kiyosaki's is one of the better ones. Most finance books are pure finance and potential suggestions. They miss what precludes any great change in your life, and where most fail at; stepping back from your life as an employee and creating the proper mindset to get rich, (or achieve whatever financial goals you have). In other words, if you're head isn't in the right place from the beginning, the discipline and tools will not be enough to get you there. He feels that the single most important quality to achieve success is in the philosophy. How the wealthy think is what makes them different from the average worker or those just getting by.
   
   People who grind it out for the man day in day out need a complete brain makeover before they can see the forest for the trees. Kiyosaki had two father figures, a poor one (his real dad) and a rich one. His poor dad offer this worldview to his son; "Study hard so you can find a good company to work for." For him, talk of money was bad. Risk was bad. He argued that one's company is responsible to make sure all his needs were met. Finding the best job with the best company that offered the best benefits, to him, was best. His rich dad, on the other hand, encouraged talking about money around the dinner table, to teach the children how to think. He encouraged managing risk, rather than avoiding it. He argued against reliance upon an employer and for "total financial self-reliance" (16). Of course, Kiyosaki's book promotes the mindset of his rich dad.
   
   The book breaks down into six main lessons, which help the reader understand the mindset rather than a method. To close, Kiyosaki makes suggestions about how to begin. First, he combats the five main reasons people stay in their current life-style: fear, cynicism, laziness, bad habits, and arrogance. He then gives ten steps to begin this new mindset.
   
   Great book for its simplicity, original approach and value.



2. Kiyosaki's book does have some strengths, but also sends some mixed signals and has a lot of plain bad advice. Overall, the book is a bad choice.
   
   The good:
   - The story is interesting enough and certainly captures one's attention.
   - The motivational part. It does make you think about your financial life.
   
   The mixed:
   - "Leaving the Rat Race" -- spend less, invest more: excellent and much needed advice. Unfortunately, Kiyosaki's own bad example follows. He brags about his Rolex, luxury cars and such. Given the amount of time that he seems to spend promoting his stuff, maybe Kiyosaki himself is in the Rat Race -- albeit in a golden, roomier cage.
   - "Work to learn, not for the money". Again, good advice followed by bad examples. Learning at work is usually by DOING, not by being around or watching other people do. So, the Xerox case is fine, but all the others are just foolish.
   - "Assets and liabilities". Dubious "redefinitions": something that doesn't put money in your pocket can still be an asset (if it saves you money that would otherwise be spent -- say, a house...).
   
   The bad:
   - The whole "traditional education is bad for you" approach. No, it isn't. Harvard costs what it costs for a reason. The reason is more money for YOU down the road.
   - "Pay yourself first". Bad idea. If you're on a positive cash flow, it makes no difference. If you're not, it makes you incur in debt and thus INTEREST, which is a nice way to throw away money for zero added value.
   - Risk isn't always good, as Kiyosaki implies. The strategies discussed in the book are very unsound and will work only on a bullish market (if any).
   - Insider trading and tax evasion are illegal, period.
   
   And the naked, cruel truth that RDPD DOES NOT SAY:
   (because it isn't "best-seller material")
   - According to Kiyosaki's theory, all you have to do is "wake up the financial genius within you". In reality, there are two honest ways of making money in this world:
   1) WORKING. Ok, say you were lucky enough to have a truly great idea or talent. You still would have to work -- don't Steve Jobs, Madonna or Shaquille O'Neal work? Then again, not everybody will be THIS lucky -- and in this case, you are much better off being a highly paid EDUCATED worker. Just the opposite of what RDPD says. By the way, making money from real estate or IPOs or starting your own business will require a lot of work and knowledge, too. Even more than a white collar job.
   2) CAPITAL GAINS. Dividends and interest. Kiyosaki is right that it is possible to live on them. What he doesn't say is that it will take a TON of cash to make a decent living within manageable risk levels. And you must HAVE money to BEGIN WITH -- which means inherit it (but then you would not be reading RDPD, would you?) or, more likely, work and SAVE A LOT.
   Consider a 3% yearly interest rate above inflation, which is what low-work/low-risk will get. In order to have $5000/month BEFORE TAXES -- not exactly a high roller lifestyle -- you would need $2 million.
   Even somebody investing at 8% above inflation (and, may I add, 8% ON THE LONG RUN isn't that easy to achieve), starting from scratch and saving 50% of whatever comes in -- a very rigid discipline -- would take 33 years before being able to live on passive income. Make that a quarter, which is still above the savings level of most Americans, and you got 47 years.
   Don't believe me? Open up Excel or Calc and type:
   =NPER(8%;1;0;-12/8%)
   =NPER(8%;1;0;-36/8%)
   Still don't get it? Stop reading RPDP and go STUDY real, not fairy tale, economy.



3. What ppl don't understand is that you're never supposed to actually take things you read in books like this literally. If he says a certain investment is smart, or he made money a certain way, do your research and see if its right for you. Just like any book, the specific examples used are not as important as the message behind the book. I read all the criticisms of Robert Kiyosaki online, (just google him and the word scam). But to me its not about him, whether or not he has this or that, its about the fact that I his message is one that resonates with me.
   
   I'm a business student in college and I really learned a lot from this book, not just about money, but about life in general. People don't know this book is more about life and how you choose to live: a slave or free. Many of the things he's saying, "don't work all your life like your parents, ect."are all things I have thought about, but this book really articulated the ideas well and re-affirmed it.
   
   Don't buy this book if you literally want to learn to get rich, what you will get from this book is a good sense of the mindset you must be in to be rich. Its about being ambitious and thinking Rich, securing yourself financially so you can be free and do what you want. Would def recommend this to every and anyone, period. The bad reviews come from ppl who take the words literally and try to follow his instructions, go for the message, not the details.



4. This book was a real eye opener. I knew allot of the advice but hadn't thought of it in the way the author told us. Great helpful book.



5. Ok, let's skip the fact that by Kiyosaki's own admission, both dads were to a great extent fabricated.
   
   Let's skip the fact that many of the experiences in this book were either embellished or outright fabricated.
   
   Let's skip the fact that much of what he speaks of is in generalities without specific details.
   
   What remains are pleasant-sounding platitudes, lacking in the real-life specifics that most people need. To say that "The poor work for their money, while the rich have their moeny work for them" sounds nice, but is of very little help to someone lacking a compass.
   
   About the only thing that I agree with Kiyosaki on is the fact that our schools (at all levels) lack any kind of personal finance educational curriculum. This is an absolute travesty, but understandable when you consider that our nation is running record budget deficits. When debt is a way of life, people tend to accept it as a given in their own situation.
   
   I've known several people who are devotees of this book series. None (as in zero) have made a discernable difference in their lives. Most are also devotees of MLMs such as Amway, Quixtar and MonaVie...the common thread here being the desire to suceed (which is admirable), but the unwillingness to get the degree, the job and put in the time. Another Kiyosaki theme of "Become a real estate investor!" sounds great on paper, but without the education and training can potentially be a disaster. No one book (or series like this) can prepare someone for an entire career.
   
   If you want to learn how to handle money, try Suze Orman, Dave Ramsey or Lou Rukeyser. The fact that this series is a bestseller, does NOT necessarily mean the series has merit. It simply means that there is a market for baseless hope and optimism. I am sure Kiyosaki is laughing all the way to the bank.