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Rich Dad's Rich Kid, Smart Kid Abridged

Rich Dad's Rich Kid, Smart Kid Abridged

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

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Rating: 5 stars
Summary: Empower your children with Rich Kid Smart Kid
Review: This is not just another book in the rich dad series, this is a book that all loving parents must have to truly empower their children to greatness. Kiyosaki offers some striking facts to support the advice he learned from his Rich Dad.

For example, Kiyosaki starts off by citing an article in the Arizona Republic with the following statistic: "About 700,000 seniors will be cut from Medicare Choice HMO's according to a survey released earlier this month by the American Association of Health Plans."

Kiyosaki goes on to cite another statistic based on a study done by the Department of Health, Education and Welfare, of every one hundred people at age sixty-five, one is rich, four are comfortable, five are still working, fifty-six are needing government support or family support, and the rest are dead.

Interesting is the first time I heard this statistic was back in 1974 when I was in the insurance business. The late Earl Nightengale also frequently stated this in his excellent classic "The Strangest Secret" which was released back in the 1960's. Things have not changed much in over 40 years and not likely to unless we change.

Kiyosaki goes on to say that this book is not about becoming the one rich person out of a 100 (although that is a noble goal)It is about the fifty-six who still need someone else to support them.

Kiyosaki then points out that many people erroneously say they won't need much money when they retire because their living expenses go down. Nothing could be further from the truth because of the rising costs of health care.

Kiyosaki then asks; "Did these senior citizens education prepare them for the financial challenge at the end of their lives?"

Kiyosaki then goes on to say that the reason he is making a point of the plight of these seniors in a book aimed at a child's education is two fold.

One, it is your child who will ultimately have to pay for the health care of these millions of senior citizens if they cannot pay for it themselves.

And number two is actually another question: Will your childrens education prepare them to be financially secure enough not to need government financial and medical support at the end of their working days?

Kiyosaki says the rules have changed in the new economy. In the Industrial Age, the rules were go to school, get good grades, find a safe secure job with benefits, and stay there all your life. After 20 years or so you retire, and the company and the government take care of you for the rest of your life.
Some people are still living with an Industrial Age mentality.

Now, in the Information Age, the rules have changed. The rules are now go to school, get good grades, find a job, and then retrain yourself for that job. Find a new company and a new job and retrain. Find a new company and a new job amd retrain. Find a new company and a new job and retrain, and then hope and pray
you have enough money set aside to last you much longer than age sixty-five because you will live well beyond the age of sixty-five.

Some other facts that Kiyosaki points out

In the Industrial Age, the employer was repsonsible for your retirement.

In the Information Age, the employee is responsible. If you run out of money after age sixty-five, it is your problem, not the company's problem.

In the Industrial Age you became more valuable the older you got.
In the Information Age you become less valuable the older you get.

In the Industrial Age, people were employees for life.
In the Information Age, more people are now free agents.

Rich Kid Smart Kid is divided into three parts, 18 chapters and 280 pages of must reading for every parent who cares for their child and for parents who are still stuck with Industrial Age beliefs.

In part 1, Kiyosaki talks about the educational process of his other dad, his real dad who was smart but poor. Kiyosaki says that if it wasn't for Poor Dad, he would have dropped out of school and never gone to college.

In part 2, Kiyosaki offers some action steps, academically and financially, parents can take to begin preparing their child for the real world. In pat 2, Kiyosaki explains the lessons he learned from his Rich Dad. Part 2 has some simple, concrete examples of things parents can do to give their child a financial head start into the real world of jobs and money.

Part 3 is about the latest technological breakthroughs in education that will enhance parent's ability to find their child's natural learning ability and natural genius. Part 3 is about giving your child an academic head start.

Rich Kid Smart Kid will help you help your children bring out their maximum potential. It is a book that your children will cherish the rest of their lives. Highly recommended.

Rating: 3 stars
Summary: good advise for everyone
Review: I think that this book gave good advise and tips to become wealthy. What i thought that was true was when kiyosaki wrote about how not everyone is smart in the academic field. Kiyosaki repeated himself many times, but it gave good advise and what he reapeated many times, were the things that really needed to be taken into deep thought. i like the way that he used the example of the monopoly game. I've played it many times but now i see it in a diffrent way and easier to understand it. He makes the way of becoming rich sound so easy, but i don't think that it is as simple as it sounds. i do think that i could be done, but it requires time and experience. It did change the way i see the economic field.

Rating: 5 stars
Summary: A necessary book for explaining wealth to our children
Review: What a way to start our children off right! This book teaches parents how to teach their children to become financially successful, to prepare for the future and to overcome the pitfalls of standard education and working an employer.

I highly recommend Rich Kid Smnart Kid: Giving Your Children a Financial Headstart to all parents to share with their children.

Great book. Great way to a financial headstart.

Rating: 5 stars
Summary: I have given this away many times as a gift
Review: Can't think of a better way to prepare our young for the harsh realities of life and in particular wealth building than Rich Dad's Rich Kid Smart Kid.

Sure beats memorizing war dates and boring basic economics.

I am giving this away to nephews and nieces as an accessory gift. What a way to get the family off to a great financial headstart.

Highly recommended!

Rating: 4 stars
Summary: RICH KID SMART KID
Review: In my opinion the author of this book really focus on his main points. Allowing us to understand how to manage problems that we go through when we have a cild that is not so good at school and brings bad grades home. Parents as well as teachers can have this book as a source on which they can go back when questions on how to help your child financially or educational are needed. This book also allows you to understand how is the best way that your kid can learn because maybe the way your doing is not the best one for him. I recommend every one that wants to help their ow cildren when that case is, should read this book.

Rating: 4 stars
Summary: "4 green houses=the big red hotel"
Review: After I finished reading "Rich Kid Smart Kid" I felt like I got and idea of how to work with my money later in the future. The way he talks makes it so easy. I learned many lessons, that I did not know before. I felt good when Kiyosaki talked about academics and financial, because I learned that just because I am not a "verbal-lingustic genius", it does not mean i can succeed. When he mentioned that getting rich was like the Monopoly game, I was shocked. I have the game but never thought it was like playing this game. It seems so simple "once you have 4 houses" you can then trade it for the "big red hotel". I actually
learned something from this game, that will hopefully help me in the future. He does make it seem like it is very easy to get rich, but I think that the person is the one that needs to know how to manage their money and then from there is where it gets easy as playing the game. The only thing that I really did not like was the repititon, many lines just kept repeating.Other than that I think I learned a lot from this book and i am sure many others did too

Rating: 4 stars
Summary: Great Learning Experience
Review: This book was great for me because not only did I find evidence to support what I already thought of public education, but I also learned about many aspects of the real world. Not only have I learned how to create my own winning formulas,I have also learned to not doubt my personal worth when it comes to grades. Not only is this a helpfull guide to those who learn by playing games, but also for those trying to learn new skills in order to survive in this age of information; this book also helps break those old teachings that school should dominate your life. Although it was a bit repetitive, I bet this was done by the authors to stress the point that parents should pay more attention to the genius' they already have at home.

Rating: 4 stars
Summary: You get it after the third time
Review: Robert really likes to get his point of you can't become rich you must be rich to learn to be rich. This book does get some interesting ideas across for example how most students are smart but in their own field of interest. I really liked the emphasis on how a child must be pushed to do the best in anything he shows interest in. Robert came back to his favorite game of Monopoly to really explain his point. Robert showed how by playing this game for hours he steered away from his studies a lot, but gained valuable real estate knowledge. Roberts rich dad would play Monopoly with Robert in order to push his love for making money and using it wisely. I did however find myself reading the same passages over and over again, Robert seemed to explain ten things just from one lesson he learned, and so he would re-explain the same story over and over again. overall this book did give me a good view on how to manipulate my present to benefit my future. I have also learned many ways to further my current education both in college and in high school.

Rating: 4 stars
Summary: Carolyn's "Rich Kid Smart Kid" review
Review: "Rich Kid Smart Kid" by Robert T. Kiyosaki attempts to give parents the skills necessary for providing thier children with financial freedom. The book is written in three parts. The first concentrates on financial and academic education, the second on steps for parents to take to educate their children, and the third is ways in which parents can find out how to best educate their children.
I found the book informative, but slightly repetitive. I understand there are certain points which he wanted to stress, however, I found myself rereading paragraphs in different chapters.
His description of the different types of genius and his desire for all children to learn according to their strengths was a hopeful message. He provided readers with specific ways in which to help their children gain power over money. The book would be especially helpful to parents of children who struggle in the traditional school subjects.
Overall, as a teenager, I was a bit overwhelmed by the ideas of the book. However, it did provide me with many ways to enhance my perception of money and my ability to have control over it.

Rating: 5 stars
Summary: Shing shing
Review: I am impressed with Mr. Kiwosaki's ability to break it down. I am only seventeen yers old and feel very confident of ,y future know. I know that theres alot i need to learn and experience for me to become financially secure, but i feel like im on the right path after reading this book. I as well feel glad i read this book because know i can share the knowledge with my children and so on. I would of never thought a book would change my life. I see money and markeing in a whole new light.


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