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Rich Dad's Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons

Rich Dad's Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons

List Price: $31.98
Your Price: $21.11
Product Info Reviews

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Rating: 5 stars
Summary: Top notch!
Review: Fantastic read! I have always found true life stories to be the stuff of which really good books are made. This is even more so when the person featured is like me; the average Joe who wants more and decides to take action towards the attainment of his goals and objectives. Creating your own outcomes is up to you, and this book helps illustrate it by providing you with the social proof to motivate and encourage you. I really enjoyed it and highly recommend it to you! Five stars!

Reviewed by: James L. Clark, MBA, MSc., PhD Candidate (Leadership) is a serial entrepreneur, lecturer, and consultant in the areas of success, achievement, personal development, influence and leadership. He is the author of the book Wading Through the Crap: How to Start Living the Successful Life You Have Always Wanted (ISBN 0972697551), which has received rave reviews.

Rating: 2 stars
Summary: Disappointing
Review: I am fan of Robert Kiyosaki, however I found this book very disappointing. The stories are so new that they really only talk about people making life-changing decisions in the last few years. It would have been better to tell stories about people who have spent at least 5 years utilizing Kiyosaki's principles, so we could see if their new life decisions were effective etc. Or, wait a bit longer and write about these people in a few years time. Two much better books to buy for stories about successful property investors would be two Australian books (and no, I have nothing to do with their authors or any company associated with their promotion):
(1) Jan Somers: Building Wealth Story by Story; and
(2) Jim McKnight: Ordinary Millionaires.

Rating: 5 stars
Summary: Great book - very inspiring
Review: I just finished reading Rich Dad's Success Stories and Rich Dad Poor Dad.Rich Dad's Success Stories was very inspiring. Great to see people from all walkd of life and different ages succeed and so quickly too! Rich Dad Poor Dad offers a paridimn shift and really sold me on the concept of starting my own business, getting into real estate and 86-ing my J-O-B which really does stand for just over broke.Rich Dad Poor Dad also got me to think of several creative income ideas. I will never go back to think the old way again.A friend of mine has the Rich Dad board game. I couldn't believe how poorly I did (that was before reading the books) and that was my wake up call. I was using Poor Dad thinking which explains why I wasn't getting anywhere. Now that I have read these two books, I am looking forward to playing the game again and then on to the more advanced game.More importantly, it's on to financial self reliance ala Kiyosaki.Thank you Robert for 2 outstanding books. I will be adding other RD books to my library soon. Your books are the only ones that I have bought that actually deliver on their promises....and then some.

Rating: 5 stars
Summary: My new favorite Rich Dad book
Review: I really enjoyed this book. So many stories and so much vital information. This eliminates the excuses of "I'm too old" or "I'm too Young" or "I don't have enough money" etc.

Procrastinators should read the story the 60-ish couple who realized that it wasn't too late and they weren't too old.

Or the 9 year old who starting with $20 of borrowed money started her own business. Yes, a 9 year old.

Or the 13 1/2 year old who bought his first residential property; a 3 bedroom 2 bath home. You read that right--a 13 1/2 year old!

I also enjoyed the story about the man who against the advice of his brokers, took money from his IRA and other securities before the big stock market crash in 2000 and invested it instead in real estate. Wise move! Real estate is a better investment than the stock market. It's been that way for the last 100 years and no likely to change anytime soon.

Rich Dad Success Stories is a excellent book because it shows you people who have done it and are doing it. Check out these other financial books out there. Where are their success stories? This is now my favorite Rich Dad Book.

Rating: 5 stars
Summary: Reply to reviewer from Chicago
Review: I too was eagerly awaiting this new book by Kiyosaki. Tired of hearing allegations as to "who has really benefitted from his teachings" I eagerly bought this book and read this new addition to the Rich Dad series.

I really think the reader from Chicago is missing the point. The fact is more wealth has been made in real estate than in any other venture. No other business or investment can compare. Writing books? C'mon now! Do you have any idea on how many books get turned down each year? And of those that are published, how many do you suppose really make any real money?

Many of Kiyosaki's critics have been asking for evidence that his strategies work. Well here it is in Real Life Success Stories from Real Life People who followed the Rich Dad lessons.
Like it or not, this is how "Real People" are making "Real Money" in Real Estate.

Perhaps in some future volume, Kiyosaki will profile business success stories and I look forward to those as well. But for the masses, Real Estate is the key.

Good book Mr. Kiyosaki but I doubt this will silence your critics----too bad for them!

Rating: 5 stars
Summary: He's just trying to help...
Review: In spite of the negative comments, I would say this book is better
than other "Getting Rich" or "Great Personality" books.

About Kiyosaki himself, even if his stories are fake, I would say
he has proven himself as the greatest Salesman ever. I went to
one of his Seminar... there were hundreds of people showed up...

During that Seminar, he even said that at one time he went broke.
But the reason he got "Wealthy" not because of writing this book
but he met a friend that were in the Real Estate business and
his story started from there. Well, I would agree with him.
It's not WHAT you know but WHO you know...

Also he listed 4 factors that are important if you wanna get "Wealthy": One is Attitude, second is Financial Education (not PhD education), three is to have a business, and lastly is having a Friend that is more successful than you.

They guy is very inspiring indeed...


Rating: 1 stars
Summary: Rich Dad, Just a Fad...
Review: Kiyosaki's material is almost completely devoid of specific financial advice. Further, his material on making money in real estate appears to be little more than repackaged hype from the "no money down" real estate hucksters of the late '80s (you know, the Carlton Sheets of the world).

His message leads many to believe real estate somehow takes less homework than other investments, a premise I would strongly disagree with. Real estate can be a great investment; so can stocks, bonds, and REITs. But it takes just as much knowledge and research to be a successful investor in this sector as it does in any other.

There are no free rides. And any strategy that doesn't share that little tidbit is more marketing than content. Despite their claims, buying a foreclosure for pennies on the dollar and selling it "days later" for huge profits is a rare occurrence. And your chance of being able to do so with "no real estate experience" is miniscule at best, and impossible at worst.

My father used to tell me that I could trust someone who claimed they were not an expert but offered what knowledge they had, much more than I could trust someone that claimed to be an expert but never shared how they achieved their success. I suppose that's simply another way of saying that humility is a good thing, particularly when possessed by someone who also has a great deal of knowledge.

The truth is that Kiyosaki, and those like him, can make far more money selling you their "proven methods" than they ever could employing those methods themselves. The only available evidence leads one to believe that Kiyosaki has amassed whatever wealth he has by selling his methods, as opposed to employing them.

Now, these gentlemen trying to cash in on their "no money down" schemes would likely say that I'm just a bitter man, envious that I didn't develop their "proven methods." But before the Rich Dad fans start zipping out hate mail stating that I'm just jealous of what Kiyosaki and his like have accomplished, let me say that I begrudge no one their success. In fact, I wish nothing but success for all those who genuinely attempt to help others improve their financial well-being. I only ask that those who choose this noble pursuit do this with honesty and integrity, and fully disclose information that may be material to their potential customers and all those who may employ their advice.

This brings us to the No. 1 rule for successfully avoiding financial hucksters: If someone truly has the means to get rich quickly, they aren't going to tell you about it.

Rating: 2 stars
Summary: Disappointing
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.

Rating: 1 stars
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.

Rating: 5 stars
Summary: Not too good to be true!
Review: When I first h eard of Robert Kiyosaki and browsed "Rich Dad Poor Dad" and other books in the series my repsonse was "this guy sounds too good to be true and if it was this easy, were are the success stories?" After reading "Rich Dad's Success Stories" and talking to some Kiyosaki students, I realized that this guy is very much for real.

I also went to a certain "website" that is supposed to have "top secret" information on Kiyosaki and have to admit that I got suckered in by their misinformation. It cost me 2 years and untold thousands of dollars. Where would I be today if I had started back in 2001?

Mr. Kiyosaki, thank you very much for your excellent books and top rate information.


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