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Rich Dad, Poor Dad Abridged

Rich Dad, Poor Dad Abridged

List Price: $24.98
Your Price: $16.49
Product Info Reviews

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Rating: 1 stars
Summary: This guy is a con man!
Review: John T Reed says it best - "I am extremely skeptical as to whether he has done or seen many of the investment things he claims to have done or seen. He claims to be an experienced, millionaire, real-estate investor, yet the book is full of statements that I would expect only from a rather ignorant, not very bright, novice, investor wannabe." ..."Kiyosaki is primarily a creature of Amway and other multi-level marketing organizations. Reportedly, his books were not selling until he allied himself with that crowd." Read about the real Robert Kiyosaki: http://www.johntreed.com/Kiyosaki.html

Rating: 3 stars
Summary: Does Author knwo what he talking?
Review: Pros: It is true that you have to save a portion of your salary as an investment. The saving is the seed which help you made more in the future. It is faster and better to use money to make more money than only by your own effort (Work).

Cons: Bank only need $100.00 deposite from you and bank can lend to other up to $400.00 according to the Law. Economic class has teach us when I was grade 10/11. He only mention the different of interest only. People get paid on 2% when deposite but the bank can charge 18%. He need some fact and education to back up what he said.

Conclusion: The theory is absolute correct. Save the seed instead of spend it. Use the salary to grown your own wealth. Work won't make you rich but your money will. But he try to make this theory 3/4/5... books instead of 10 pages.

Rating: 5 stars
Summary: Well worth reading
Review: I really liked this book. One of the the things that struck me most was how the authors described one's house as a liability, not an asset. Their point of view is simply that anything you own that takes money out of your pocket is a liability. That goes against everything I've ever heard about houses being most people's biggest asset. A slightly different way of looking at something can have a profound impact.

There is another book that looks at life in an unconventional manner that has also had a deep effect on my life. "Working on Yourself Doesn't Work", by Ariel and Shya Kane, uses the authors' definition of awareness, which they define as a non-judgmental eeing of what is, to shed new light on how we operate in our lives. The authors take you on a gentle journey of self-discovery, without self-reproach, that opens up a whole new world of possibilities.

Rating: 5 stars
Summary: Don't let the rat race get you
Review: This is an excellent book that describes in clear and easy-to-understand steps how to understand how money works. It helps readers understand how we can make our money work for us rather than having to work so hard to get the money we want. It encourages us to change our mindset from "I can't afford that!" to "How can I afford that?" It helps us realize that we often work so hard to get money but when it comes to getting our money to work for us, we're generally lazy.

My library can't keep this book on their shelves (I had to wait three weeks in reserve with four copies in distribution at my local library). A definite must-have.

Rating: 5 stars
Summary: Laurie Wing, author-Butterflies & Hiccups Pregnancy Journal
Review: What a great book that helps you make your money work for you! I can see how Robert Kiyosaki's tips really work if you follow his suggestions.

Rating: 3 stars
Summary: More self-help than personal finance
Review: This is a good book for everyday people like us. The reading is very light and easy so you don't need to be a math wizard to understand it and you will read it in a flash, which is always a good thing. You will gain some good common "cents" on what to do with your money. The key point is to use your money to buy assets as opposed to liabilities. An asset is something that puts money in your pocket. A liability takes money away from your pocket. According to the book, if you can get only this point after reading the book, you are light years ahead of everyone else. But the book does not go into details on how you can amass these assets. It is more a self-help book than a personal finance book. Each chapter is very inspirational and contains stories of financial conquests by the author. Personally, I find that to be annoying after a while because I hate people that brag. The author claims he is not bragging but is trying to inspire you. This is similar to someone telling you, "Please don't take this personally, but you are a...."

Rating: 4 stars
Summary: Good book
Review: Buy it use or get it from library. Could be read in a weekend.

Rating: 1 stars
Summary: keep the poor kids away from this one
Review: if you've seen one of these "get rich quick" books, you've seen them all. Basically, a bunch of oversimplifications and questionable (at best) investment advice (a house is a liability?).

Rating: 3 stars
Summary: rich dad
Review: Be careful if you decide to order any books or tapes directly from the auther's office when you see an ad in his book, which says that you only need to pay a few dolloars for handling fee!!! (It is much better to buy from Amazon[.com] or a bookstore even with paying more.) I did about 2 years ago, and the tapes I paid for handling fee are still not here! Please let me if anyone here has the same experience like my. I wonder if it was an innocent mistake or a way to make $$$.I gave 3 stars for the valiable lesson I learned.

Rating: 5 stars
Summary: Read this..If you purchase books from your Pay Check
Review: I read this book after having been layed off from Job and wondering what did I save after all these years of toil.Had worked hard all along, always spent with utmost care, never an avid shopper ( even ate at McDonald's instead of Olive Gardens ) and still at the age of 32 , Was wondering what went wrong?. Why I continue to be in the rat race? Now I am tired, exhausted and still have to keep running the rat race so that I can hold on to whatever I manage to have.

If you are like me, employed,sincere,hardworking yet feel that you may not be able to retire in a decent time frame.. then this book is for you. Nine Out of ten people in the working age will find the book useful...

Yes.. I worked without literally understanding or paying attention to the importance of financial load that I carry that have different fancy names like "taxes", "mortgages", "Credit card interest" , "inflation" ,"liabilities disguised as assets" etc. All money you earn as paycheck till May is equal to your taxes alone...

Yes ... I also toiled without really understanding the importance of how you can pay taxes for the remaining amount after deducting your expenses ( as a corporation) rather than paying taxes in full and then do the expenses with the remaining amount ( as an employee).

Yes...I also toiled without understanding the difference between assets and liabilities.

Yet this wonderful book is not without a flaw...atleast from South Florida perspective. Author's argument that a home is a liability that disguises itself as assets is wrong - as the housing market brings windfall gains that was not possible even during boom times.

The book's strength lies in the fact that the author is a successful personality who attained financial independence utilizing the very same theories that he preaches - not quick rich schemes . The book does not even provide a blue print of what to do.It provides the framework or guidance for everyone's financial independence.

READ it..for your own good.
RECOMMEND it .. For your friends welfare
TEACH it.. for your kids future
BEDTIME STORY ..Makes a good "BedTime" story for your wife so you save on "shopping bills

Chandra Sekhar , The reviewer is the Author of the book "Internet Marketing And Search Engine Positioning - A "Do It Yourself" Guide


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