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Summary: Rehash of previous material
Review: Although this book reinforces the topics covered in his earlier books (a lot of review), there are some helpful tips toward the end and it's an easy read!-Rich
www.richdadpoordad.us
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Summary: Excellent e-book by Kiyosaki - can't wait for the paperback
Review: Ever read those other financial books by so called "financial experts" who tell you to cut up your credit cards? Is that nonsense or what? Hey, why not cut up out credit card statements too? How about cutting up out monthly mortgage statement? How about cutting up allof our bills? Clearly that is not the answer. Neither is cutting up your credit cards. Kiyosaki discourages going into debt for depreciating items like meals for example. You go out to dinner tonite and three onths later you are still paying for the potatoes and dessert. Not a good strategy. Kiyosaki does enourage going into debt for appreciating items like real estate (using leverage) stocks (margin) and so on. You use debt to make you wealthy. Most people use debt to artificially improve their lifestyle and it feels good---untill they get the bill! Clearly, RICH DAD'S GUIDE TO BECOMING RICH WITHOUT CUTTING UP YOUR CREDIT CARDS is a e-book whose time has come and I can't wait for the paperback version. I have played the Rich Dad board game too. I don't feel that it is expensive. Rather, I feel that the mistakes I was making before playing the game was costing me a fortune. The money that I have invested in the Rich Dad books is already coming back to me in droves. By contrast, I am still waiting to see a return on the money I spent on a normal, convential education that only taught me how to make my employer rich and do other ridiculous things like "cut up my credit cards." If you can't wait for the paperbook (I couldn't) then I highly recommend this excellent e-book by Kiyosaki. You may not initially agree with what you read, but it will change your life for the better. Thank you Robert for sharing.
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Summary: Read his other books...
Review: First I'd like to say that in large Kiyosaki has some great ideas, and two of his books (the 1st rich dad poor dad and cash flow quadrant) were interesting reads. Unfortunately, this one isn't one of them. If this book was a set of new ideas or even just compilation of other works it have been pretty good. Sadly, this book just serves as one big advertisement of all of his other products, such as his board game, which he dedicates almost a full chapter to advertising it. There are glimmers of good information, but most of is very vague. To summarize, I wasn't very happy to buying and reading a paperback commercial. I would recommend his other books, but I'm not sure I even have respect for the author anymore.
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Summary: Like a breath of fresh air
Review: Having read the other books that tell you to cut up your credit cards, what a breath of fresh air this book was in that it showed how to get out of debt quickly and keep my credit cards at the same time.
After a divorce I was left with huge debts. My spouse charged the heck out of our joint cards and left me with the tab. her idea of a joint account was she spent it and I pay for it. Thanks to Robt. Kiyosaki, I was able to 86 all of those debts and in record time.
I highly recommend this book to anyone who wants to get out of debt the most effective way.
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Summary: Blatant promotional vehicle
Review: I am in the process of listening to books on CD as my job involoves a good deal of driving. I listenend to Rich Dad / Poor Dad and was invigorated. I decided to add this book on CD to my list. I just got done with it and actually skipped many parts as i felt that it was strictly a vehicle to promote other Kiyosaki products. There were really no new ideas in this book. Don't waste your time or money.
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Summary: Possibly his best book yet
Review: I downloaded the e-book yesterday and read it last night before going to bed. Once I started, I couldn't stop reading. While some of the contents are similiar to the other Rich Dad e-books and programs, there is also new material here. The concept of not having to cut up your credit cards is interesting. Too many so called "financial experts" are touting "cutting up your credit cards." My grandparents used to tell me the only way to lose weight is to push away from the table. Doesn't work - neither does cutting up your credit cards. What Rich Dad teaches is responsibility - how to responsibly use credit cards and other forms of debt not only to stay out of trouble but actually to create wealth. I highly recommend this e-book and will buy the paperback when it comes out next month. The stories were inspiring and a joy to read. Kiyosaki has done it again - another winner.
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Summary: Another "reviewer from Chicago" responds
Review: I have to admit that the Amazon Board is pretty amusing. We have this guy claiming to be "the true reviewer from Chicago" giving this book five stars but Rich Dad Success Stories only 3 stars because there not enough business success stories to warrant 5 stars. Well Mr. "Reader from Chicago", if you truly bought the book, you should have reviewed it quickly at the book store like I did and I assume the others did as well. I enjoyed Rich Dad Success Stories and felt that it was five star material based on the content. You feel differently, that is your choice. Enough! In Becoming Rich .... Without Cutting Up Your Credit Cards Kiyosaki expands on the philosophy that you don't have to cut up your credit cards and can do quite nicely by using your credit cards properly. This is also a five star book. Too many other so called financial "experts" seem to think that the answer to credit management is "just cut up your credit cards."
Sorry, wrong answer. A certain amount of debt is good when used responsibly. Cutting up credit cards is not responsibility, it is only a feel good experience that gives temporary relief while you still have the long term pain of debt. Excellent book Mr. Kiyosaki. I hope you keep them coming. Oh, "reader from Chicago", perhaps we will meet someday in Chicago. I frequent Ophrah Winfrey's restaurant and other places where people who do not cut up their credit cards but do own their own businesses and real estate frequent. Perhaps this section of Chicago is unfamiliar to you.
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Summary: Guide to Becoming Rich -- Book Summary
Review: Kiyosaki wrote this book as the eighth installment of his Rich Dad Series. The book serves to constantly remind us that the key to increasing our chances of becoming wealthy requires the willingness to the pay the price. Discussing all the get rich schemes, such as game shows or playing the lottery, Kiyosaki writes, "There are better ways to become rich, with much better odds, but most people are not willing to pay the price" (x). The price to pay is the time and money you spend investing in your financial intelligence.
Kiyosaki recalls a truism once observed by Rich Dad, "The only people who think life should be easy are lazy people" (3). Kiyosaki rejects frugality as the best way toward becoming rich. Instead he recommends paying the price for higher financial intelligence, "...another way to become a millionaire is to improve your financial literacy, your financial intelligence, and be willing to be accountable to yourself, your results, your continuing education, and your personal development in becoming a better human being...that was a price I was willing to pay to become a millionaire" (81). Adopting such a mindset becomes tantamount to swimming against the current. Possessing faith and the fortitude to dedicate your life to accumulating wealth in this manner is crucial to overcome such naysayers as friends and family.
Rich Dad also observed, "One difference between a successful person and an average person is how much criticism they can take...Most people feel safer in the herd of the average" (150). Criticism tests one's resolve. You must be willing to make mistakes and to learn from them. Kiyosaki writes, "...the price of becoming rich is the willingness to make mistakes, to admit you made a mistake without blaming or justifying, and to learn" (18). A person who has risked little in life has also gained little.
The book states clearly that the path to wealth is not to cut up your credit cards and decrease your means, but to work to increase your financial intelligence so that you can increase your means by acquiring income-generating assets. This strategy holds the greatest potential for accumulating wealth, but it also requires the heaviest investment in yourself.
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Summary: Not another get rich quick book
Review: This book really teaches you. I was 1000 dollars in dept and useing this book and a little borrowed money from my bank i was able to pull my self out of dept. I now make several hundred dollars a week from a passive income from a condo i purchased with my friend. It may be hard to understand the term at the begining but just keep reading and you'll easly get the hang of it. You could become the next bill gates. I suggest the purchase of several of his books at once. Read them end to end before you start. be careful maybe go to speach by a similar author even by him. This helps 100's of people and now can help you to.
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Summary: Rich Dad is fake!
Review: This book shows how Robert has been lying all along. He talks about how he bought his dream car while being homeless. Ok then, how did Robert make the monthly payment? Why would he be stupid enough to sleep in a Porsch as a bum? This guy is such a liar and is trying to con the masses. He is a conman and a good one. Thats why hes a motivational speaker. It takes a good speaker to con you out of your hard earned money. Don't fall for this conman! This book contradicts what Robert has been preaching in previous books. Robert says pay off your debt while he says he bought his dream car while being homeless. That would be odd but it isn't odd because Robert is a professional liar.
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