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Summary: Rich Dad works for me!
Review: Rich Dad really changed my life. It got me out of complacency into working a plan for financial freedom. I have made over $140,000 since I read Rich Dad Poor Dad 1 year ago. This book fired me up too so I am working a huge realistic plan now. Optimal Thinking is helping me execute my plan and make the most of every day, so check out Optimal Thinking: How To Be Your Best Self for optimal results too.
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Summary: Multiple ways to financial freedom
Review: Rich Dad's Success Stories is more than just ample proof that the Rich Dad philosophy works and works well; it also shows you that there are multiple ways to achieve financial freedom and obviously, thanks to Kiyosaki many people are.I would like to address MLM aka Network Marketing first as that seems to be the most misunderstood and abused vehicle to achieve success. It has been estimated that 4 out of 5 people fail in netwotk marketing and unfortunately some people who dislike network marketing embellish on that. The fact is that network marketing does work (just ask the 1 out of 5 who make it) why do the other 4 fail? Could be a lot of reasons. One could be choice of company. A bigger one in my opinion is lack of training and yet another one is attitude; people let their negative friends and relatives (sometimes called pukers) control their lives and decisions. Kiyosaki openly endorses network marketing (and not just the soap company--the industry as a whole) because it is the safest, low cost, low risk way to start a business. Donald Trump said a few years ago in a tv interview that if he lost it all and had to start over, he would enroll in a network marketing company and go to work. Rich Dad Success Stories discusses many ways to make money. Most are real estate. Others are real estate. They are various ages. The book talks about a 12 year old who bought a rental property. It also talks about a 50 something couple that started over fearing going into retirement with nothing saved. They started a business and achieved incredible success. By the way, do you know one of the greatest success stories of all time was Col. Sanders? Do you know how old he was when he started? 50? 59? 63? No he was 65 and broke. Got digusted at looking at his social security check for $150 and went to work. He decided to sell his chicken recipe and was turned down 1,009 times (how is for rejection MLM'ers!) but never took no for an answer. The rest is history. Rich Dad Success Stories shows real live examples of other Col Sanders. Tremeendous success stories of people who are making it. Good book. Highly recommended.
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Summary: Please read the book before criticizing
Review: Rich Dad's Success Stories may very well be the best of the Rich Dad series because it is so inspiring. It prooves that what Kiyosaki has been preaching and teaching works. And it is so obvious that the few 1 star reviewers have not even bothered to read the book (save the free sample pages) Read the book first as well as the original Rich Dad Poor Dad. And more importantly try it for awhile. I suspect that 1 star reviewers are people who tried the Rich Dad board game, failed due to poor programming and now want to lash at at Robert Kiyosaki. Or people who have a personal vendetta against RTK and will never admit that they are the one's that are wrong! Too bad for them! Unfortunately, these people will be stuck in their dead end jobs and living paycheck to paycheck too. Rich Dad Success stories is a good book
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Summary: Book Summary
Review: Robert Kiyosaki does not believe in telling people exactly what to do. Rather, he wants you to think independently and find your own path by using the lessons learned from his Rich Dad. He says, "Rich Dad books are written for the purpose of expanding the reader's possibilities in life, rather than becoming a specific recipe book on how to get rich" (viii). Success Stories highlights the accomplishments of several people from various backgrounds who were motivated to take action after reading Rich Dad. According to Kiyosaki the need to take action is greater than ever, "We are heading into an era of great financial turmoil and uncertainty. The financial storms that lie ahead will test all of us...me included" (x). These success stories describe the conscious efforts of people to transition from the left to the right side of the Cashflow Quadrant. Baby boomers Ed and Terry Colman began building their asset column after a chance meeting with an Amway agent. Encouraged to take the necessary steps to provide for the future of their newborn son, Jake, the couple joined Amway. While they did not earn much, they did learn and were exposed to many ideas that aided them in the future. The most important lesson the Colmans learned was that "to be successful in any investment strategy, one needs to access correct and current information and constantly monitor the situation" (9). The Colman's investing hit high gear after attending a seminar, precipitating their investing in VA foreclosures in Port St. Lucie Florida, Phoenix Arizona, and Clarksville Tennessee because of the low money down required. They learned that effective property management is crucial to the success of their investment. Terry reflects on his change in perspective, "Unlike our younger, more naive selves, we made a conscious decision to find out how the world works, to be open to change, and to be responsible for our financial well-being" (17). The Colman's story parallels that of others featured in the book. A common thread running through many of the success stories is that success is positively related to the ability to leverage other people's time and money. Many attended seminars from which they later employed those strategies learned. Others, such as Rich Dad employee, Cecilia Morrison, bought a laundromat after learning more about it from the Coin Laundry Association. Similarly, Stacey Baker purchased her medical practice with the help of the New Zealand Medical Assurance Society whose purpose is to lend money and provide insurance for health professionals. When investing in real estate, Ronald Hoard makes good use of the services offered by large property management companies and certified commercial investment managers (CCIM) in selecting choice locations. Hoard offers the following recommendation, "Start investing now and allow yourself at least three years to learn, make mistakes, and succeed" (213). While each person followed Rich Dad's general guidelines, they all pursued a unique path catered specifically to their own interests and ability. Merced Hall pursued her interest in flipping properties after playing the Cashflow 202 board game. Her plan requires her to purchase properties with cosmetic, rather than structural, problems at a 50% discount or more. When selling, she pays the closing costs and offers the renovated homes for nothing down. Michelle LaBrosse offers us another example of the ability of some to leverage their own specialty training. Educated with a Masters in engineering, LaBrosse applied her systems management experience toward risk management and product development. Her five-tier approach toward production includes formulating a concept, developing a "cookie-cutter" (systems) approach, testing the product to a focus group for feedback, launching the marketing campaign, and continually making minor corrections to expand product life cycle. While these stories show that there exist many paths toward success and financial independence, all have done so by working within the paradigm constructed by Rich Dad. These guidelines advocate ongoing financial education with the goal of reducing risk and expanding your exposure to potential investing opportunities. The most important ingredient is action. Rich Dad offers a method by which you can become rich on your own terms.
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Summary: Some inspirational ideas, but dangerously misleading.
Review: The very first chapter talks about folks starting to invest in real estate. Of course they bought all their investment properties using other peoples money (mortgages), which is fine. The only question for Mr. Kiyosaki: Which bank is giving a conventional mortgage for the investment property at 95 % LTV, meaning putting only 5% down? As far as I know 5% downpayment or less is available for PRIMARY residence ONLY. You can not have 2 primary residencies. The Bank can see in your credit report how many mortgages you have. When applying for the new mortgage bank requires to explain all other mortgages in the credit report. You definetely can not buy all 5 properties - with 5 % down. It is very inaccurate and misleading. Minimum downpayment for the investment property is 20%, not every bank will do it, a lot of them will ask for 25-30% downpayment for investment properties. Go to your local bank and check it out. So Mr. Kiyosaki is not telling the truth? Are those stories REAL? Seems like he is getting rich on writing very controversial books using the success of the first couple of them but not really investing in real estate.
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Summary: Rich Dad's strategies work - if in doubt read this book
Review: There are a lot of people out there that will attack Kiyosaki for a lot of reasons, although none of them good or credible. For quite some time, bashers have been asking; "where is the proof", "we should be seeing some great success stories, but don't hold your breath." etc., etc. Now Kiyosaki comes out with the facts. Well researched and documented. And how do Kiyosaki's critics repsond? Do they finally say; "great you have delivered on your promises?" Are they happy and pleased? No. The only response they have is to use a overhyped, cheesey website that has zero credibility, also has products for sale albeit cheap, generic real estate and investment advice and they want you to think that is the proof. Give me a break! At a time when anyone with a couple of dollars can set up a website, it means nothing. Where are the success stories behind this website? What has this individual ever done other than create a cheap tabloid version of a website? And beware, if in fact you do go to that website, you will inundated with spam. Get the message on what you are dealing with? Besides, if this website was truly that great, why does the creator of that website have to live day and night on the internet to promote it for the last 5 years and still get no visitors? I highly recommend you read "Rich Dad's Success Stories" even if you borrow it from your library (at least Rich Dad books are available at your library. Try finding these self published books promoted by the website guy there. Fat chance!) Talk with people at your local bookstore who have bought Rich Dad books (that is how I got started) you may even find a local club or a mentor in your area. "Rich Dad Success Stories" as the name implies is not a how to book, it does however show that many have done it following the Kiyosaki strategies. I would first recommend that you buy "Rich Dad Poor Dad" then "Cash Flow Quadrant" and "Rich Dad's Guide to Investing."
If your focus is on real estate read "Real Estate Loopholes" or "Real Estate Riches." If your goal is more headed towards investing in the stock market then after "Rich Dad's Guide to Investing" add "Rich Dad's Prophecy." If your goal is business, then read "Rich Dad's Guide to Buying and Selling a Business" and "How to start your own Corporation" by Garrett Sutton one of the fine Rich Dad advisors. There is a wealth of information available in the Rich Dad series of books. I don't know about you, but I would rather read someone who has done it ala Kiyosaki and his advisors as opposed to people who run tabloid type websites and have yet to do their first deal. Good luck with your investing and Mr. Kiyosaki, thank you!
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Summary: A must read for EVERYONE!!!!!!!!!!!!!!!!!1
Review: This another outstanding book by Robert Kiyosaki. This book got me so excited, I am finally getting off my lazy butt and starting the business I have always wanted too!
True inspiring stories from real people about how they changed their lives by following the Rich Dad advice and following their hearts and taking control of the financial destiny!
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Summary: Maybe useful in a few cases.
Review: This book does exactly what it sets out to do - detail success stories. However you can get much more than this for free on the richdad website. Some of the success stories are groomed from there. This book is more of a "how to" than the others but it is not written by professionals, and I think the price is outrageous, especially since it is really an advertisement for all the other books. As with all "gurus" I would recommend thoroughly reading around the subject and the teacher before making your mind up. He does have good ideas and a forceful personality, but don't be fooled into thinking he has all the answers.
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Summary: excellent book
Review: this book is such a welcome addition to the rich dad series of books as it details how different individuals apply concepts derived from rich dad books and games.i'm sure that this will inspire a lot of readers to see,learn and be motivated at how other people have gotten over obstacles and taken action towards the goal of financial freedom. i'm certain this bookwill become another bestseller!thanks robert
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Summary: Powerfully impacting lives
Review: This book shows just how powerful the "Rich Dad" Formula really is. From 9 year olds to 60 year olds are claiming financial independence and freedom thanks to Rich Dad. WARNING: Your broker, CFP and other financial people are hoping you never read this book. Mutual Fund companies are also hoping you never read this book. Your boss also hopes you never read this book. "Rich Dad's Success Stories" is a powerful book and shows once and for all that anyone can benefit from "Rich Dad's" advice. This one is a must listen to audio program for your library.
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