Rating:  Summary: This is a Great book! Review: This was the first book of it's kind that I have read. I loved it! This book brings up ideas that are "outside of the box".
Rating:  Summary: Probably the best book for those whom want to learn about $$ Review: One of the best book ever written about how the money works, how we can achieve wealth and how the riches think and act. I highly recommend to anyone whom are interested in the fields above. Prabably everyone. Read it and you'll be inspired and amazed at how easy it is to achieve great wealth and power. Fairly interesting book to read off the bat. 4/5 stars. I've read better books in my life but this one is one of the best!
Rating:  Summary: Financial Advice that would only Work in a Fantasy World. Review: This book makes fantastic claims. There is a quick and easy "secret of success" that "the rich" (always treated as a monolithic group) know and the rest of us don't; this "secret information" is far more important than hard work, getting a good education, investing wisely, or any traditional method to become rich and successful; and if you only learn "the secret" (translation: buy Kiyosaki's book) you, too, will be rich. According to Kiyosaki, "the rich" become rich by using three different strategies: 1). They form and own corporations, thus paying less taxes than people who get their income as employees. 2). They invest in real estate in certain "secret" ways that let them earn a lot of money with little risk or tax liability; 3). They use tips from friends for insider's trading to make a killing in the stock market. Kiyosaki's advice, in essence, is to suggest to the reader to emulate "the rich" by using the same tax-avoidance strategies, real-estate schemes, and insider's trading "they" supposedly use to get rich. There are only two tiny problems with Kiyosaki's advice. First of all, these "secret strategies" are NOT the way the rich actually make money; it is rather the LAYMAN'S IMPRESSION of how the rich make money, an impression based mainly on numerous TV shows and movies which portray "the rich" in this way. As the (excellent) book "the millionaire next door" shows, this description bears no more relation to how the rich actually make money than James Bond films have to actual espionage work. Second, not surprisingly, the "strategies" Kiyosaki proposes could work only in the movies - where, of course, the government and police are all in the millionaire's pocket, and let him "get away with it". If you actually try them in the real world, you will be laughed at, waste your time and money, get audited by the IRS, or worse. For example, in reality, coroprations are *not* good tax shelters. In reality, you *cannot* deduct your personal expenses as "business expenses", or have your corporation give you "tax-free gifts" such as trips to Hawai or Rolex watches, as Kiyosaki claims. Doing so would get you audited and stiffly fined (or worse.) Also, in reality, "insider's trading" is a felony which could land you in jail. Finally, in reality, Koyisaki's real-estate advice is either illegal (as in his claim of using his cat as a "business partner"), immoral (as in getting "good deals" from unsophisticated sellers, apparently based on the principle of "it is immoral to let a sucker keep his money"), or doesn't work in the real world (such as his claims that he offered 275K for a 450K building and "they agreed to 300K", or that a bank agreed to take 50K instead of 60K for property he bought "simply because it was a cashier's check.")...This book, in summary, paints a fantasy picture of the world, and gives "financial advice" that will make you a laughing stock at best and put you in jail for insider's trading or tax evasion at worse.
Rating:  Summary: Motivational book with some good concepts presented Review: The anecdotes in the first two chapters I thought were fairly effective in delivering his messages: don't be complacent, think of ways to make money outside of your job, and persevere. I thought the real value of the book is in Chapter Three where he talks about cash flow, income, and balance albeit it is overly simplified. If you've read the HOW-TO personal finance books, then this book should neatly give you a more rounded perspective on using accounting principles in your personal finance. I also especially liked his simplified definitions of assets and liabilities as it relates to the flow of money (in or out of your pocket). I would seriously hesitate to use this book nor take his advise on stock investing. He is not a proponent of diversification in his get-rich strategy. This is contrary to numerous works by noted economist/academics that endorses proper asset allocation and diversification for wealth accumulation. He favors a high-risk, go-for-broke approach to investing when really you should only put money you could afford to lose in such risky ventures. Also, it appears from the book that his money is made from real estate and not from small cap investing. The rest of the book was mildly interesting reading introducing themes such as incorporate and hire professionals so you could pay less taxes, you should learn how to sell and market (multi-level marketing, ugh), bunch of real estate deal examples that generated income (or "inventing money") which otherwise would take a while via the traditional savings method, etc..
Rating:  Summary: Taken for what it is. Review: This book really has changed my entire outlook on my financial situation. So many times while reading it, I thought "Dang, that's me exactly". I am much more confident now about my financial future than I was before. I know some reviewers wanted examples, I did too, but then I got to thinking that, had the author provided examples, less people would be helped by the book. as with all things, there are many ways to gain wealth, and they come and go, outdated examples would only lead people to make poor choices and hurt themselves. While I do wish I had some examples and how-to's to work with I'm happy with just the coneptual understanding, I'll find the how-to's on my own. I've ordered his other books as well. Hope they're as insightful.
Rating:  Summary: Read it now! Review: This book is written using very simple language and concepts, and yet establishes strong foundations that can be your basis to wisely stop working for money and instead make the money work for you! The basic concepts explained here can be used anywhere you live in this planet.
Rating:  Summary: Rich Dad, Poor Dad : What the Rich Teach Their Kids About Mo Review: Why isn't this book introduced in Personal Finance classes in all upper level institutions? This book changed my life. My outlook on financial matters and life itself is different. No longer will I remain in the rat race. The book was very easy to read and kept my attention throughout. I recommend this book to all who wants to understand money and who wants to initiate financial independence.
Rating:  Summary: Money Maker Review: I see this book as nothing more than a good money maker for the author. He appeals to peoples emotions and is very repeatitive about the same principles. This book will give you more entertainment than practical investing knowledge. A book that is based on sound fundementals would be more helpful.
Rating:  Summary: Easy Read - Great Motivation - Makes you think Review: If you look at some of the bad reviews, people are complaining there is a lack of "how to" in this book, and the author rambles the same stuff over and over again. What you need to understand, is that this book is just an introduction on changing your frame of mind. It is not manual on how to get rich, but on what your thought patterns should be in order to get there. Since 80% of the population has the typical thought patterns ingrained since school - it's no wonder he keeps repeating and reinforcing the lessons. Thats how training your mind normally works doesn't it? I too, was hoping for a "how". But with the way the markets work, and life in general works, opporunities change, and the rich know where to look and how to take advantage of it. The rest shrug it off and continue their debt ridden lifestyles. Robert uses some vague examples of his experiences, and doesn't venture too far into them. Why? Because his situtations, the times, the location are all different now. How could he possibly give examples that might be specific to a certain place during a certain time period? Everything would have changed by the time the book was printed and would have been worthless to everyone else. Take the book for what it's objective clearly is - to encourage you to learn more, become financially literate, and to focus on limiting liabilities and instead search for ways to create assets. He hit is right on the money, and his words will always be in the back of my head everyday as I head off to work - another day at the rat race, looking for a way out.
Rating:  Summary: Time for Change ! Review: This book has, in many ways, changed my life. It has put direction in my ambition and provided a simple overriding framework within which to succeed. Russ Whitney writes a quote in his book that " Genius is the ability to simplify those things that we perceive as complicated" - If that's true, then Robert Kyosaki invented the word. I have bought this book for many people and recommended it to many more. For some it has changed their lives and for others, reading the first chapter was beyond them - If you're ready for something better - buy this book.
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