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Summary: So teach me
Review: I am still waiting for the lesson. So the guy got lucky by marketing the velcro wallet, and was able to reinvest it wisely. He does point out some obvious blunders people make, but how about how to correct them. The 16% solution, is mentioned in his book, but he doesn't put it in his book recommendations. He promotes his playing game throughout the book, which I perferred he didn't. Overall, it was a fairly decent book, but as for the lesson to be learned, it is not lacking. Your house is your greatest investment, don't ever look at as a liability.
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Summary: I've certainly read better
Review: The author states in the book that he's a terrible writer, but he sells a lot of books. He's quite correct, unfortunately. This book takes about 160 pages to say what could be summarized in a few paragraphs. Save money, try to stay out of debt, invest your savings for the long run in assets that will appreciate in value and eventually generate income for you. All good advice, but The Millionaire Next Door was much more readable and practical. I also like Eight Steps to Seven Figures. For that matter the Motley Fool website is outstanding for common sense personal finance. All would be better uses of your time than reading this. This book gives no hands on advice about anything. For example, let's say you have no assets, a pile of debt etc. How do you change that? This book says "use your mind". That's nice but some real solid advice would certainly be preferable in my opinion.
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Summary: A Paradigm Shift for Most People
Review: Robert Kiyosaki's thinking, and this book in particular, helped me make an immense paradigm shift. Prior to reading this book, I had goals of a certain income or having a certain amount of money. This book changed everything and got me to focus on passive income and having money work for me! It only took me six months to fully apply Kiyosaki's principles to the extent that I would never have to work again. As a result, I can easily say that this is perhaps the most valuable book I have ever read about money.
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Summary: pointlessly pedantic
Review: rambling in structure, pedantic in tone, but superficial in insight. takes 30 min to get the jist of it; and that is too long to spend on this book.
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Summary: Very good advise to start
Review: I think this book is a very good starting place. It doesn't give very detailed info, but you should read it to get a foundation. The next book CASHFLOW Quadrant gets more detailed, then the last book Rich Dad's Guide to Investing (coming out soon - spring 2000) is even more detailed he says. So I recommend it for a starting place.
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Summary: Get Rich or Get Smart
Review: Along with my colleagues, this book is not for the "Get Rich" crowd. This book is for people who want to be smart about money. Instead of working for Uncle Sam, learn how to name Abraham Linclon, George Washington, Benjamin Franklin and other monetary celebrities as employees of your corporation. Take a seat and learn Financial Ed 101.
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Summary: READ THIS! A Great WHAT-WHEN-WHY book.
Review: First, I had the pleasure to meet Robert T. Kiyosaki at a convention in Chicago one week 5/6/00 after the Oprah show aired here 4/28/00. Although I had paid to attend the convention in in February before he was confirmed as a speaker, his appearance on Oprah attracted a wider audience. This book works if you are looking for a WHAT-WHEN-WHY vs. a WHERE-WHICH-HOW book. I've had this book for a year and I've done reviews of it on my own website. This book, followed by the CASHFLOW Quadrant ,CASHFLOW for Kids (game), and CASHFLOW 101/202 (games), are tools to practice habits which will get you FREE of debt and the RAT RACE. In addition, it seems that some of these NEGATIVE reviews are from people NEGAVITES(tm) who seem to want something from nothing. All the secrets of wealth will not be revealed in a $15 retail book! I'm sure those NEGAVITES(tm) have not written a book or created any legacies of wealth. To the NEGAVITES(tm) who complained about RTK's "bragging", "language", and "lack of detail": This is an opportunity for you "GET on the PLAYING FIELD" and WRITE YOUR OWN BOOK, which will not "brag", speak the "kings english", and provide the "research and detail" for the path to wealth.
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Summary: Stop Reading Reviews and Buy this Book
Review: Every day you delay reading this book costs you money. I read some of the positive and negative reviews on this book and was compelled to put in my own two cents. This book and the sequel (Cash Flow Quadrants) were two of the most eye opening books I have read on personal finance. I am by no means an expert, but I have read at least 50 books in this area. One of the reviews I read stated this book was weak compared to The Motley Fool's... and The Millionaire Next Door. I have read both of these books, and I completely disagree.
Rich Dad Poor Dad is not a get rich quick book, nor is it a book explaining one person's technique on creating wealth. It literally teaches the fundamental principals and thought processes required to develop wealth. I have recommended this book to at least 100 people and have gotten nothing but positive feedback. This book is a must read for anyone who has the itch to develop passive income.
Disclaimer: As great as this book, I do not recommend reading it until you have taken control of your day to day finances. If you are living above your means, you need to gain control before you try to multiply. Read Financial Peace by Dave Ramsey first.
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Summary: Dads and Moms must read this book!
Review: A friend of mine recommended this book to me. It is truly an eye-openner. It clarifies a lot of the myths about managing manoey and gives concrete guidelines for parents to follow. This is must read for moms and dads and a good start for reading more on the subject of money and family.
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Summary: DANGEROUS ADVICE -- BUT GET RICH QUICK FOR AUTHOR!
Review: The author and a very, very small percent of people will ever strike it rich and the odds get much worse if you don't have an education. The odds are about as good as winning a multimillion dollar LOTTO. The advice in this book will cause most who follow it to live paycheck to paycheck with no security. But the author is making millions touting this nonsense. Kids need to be taught about money but this book is the road to poverty.
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