Rating:  Summary: Good in some areas, weak in others Review: Snake oil, anyone?Thinks I agreed with: 1. Stay away from credit card debt. 2. Information is power. 3. Become financially literate. Better to read business magazines, etc. than work on your golf swing. 4. Buy investments that provide cash flow. 5. Manage risk, don't avoid it. Things I disagreed with: 1. Terminology. I disagreed with his definition of an asset. I agree that a house is not an investment, but it is an asset. He could have made the point without the confusing move of redefining an asset. 2. Pay yourself first, even if it means that creditors and the government have to scream due to non-payment. This supposedly inspires your financial genius. 3. Join a multi-level marketing organization to learn about sales. If you like Amway, you'll love this book. See also: [website]
Rating:  Summary: a look at inspiration Review: This book may not teach you how to make a dollar, but it reminds you that you need to have a dream. At some point in life, we all must face the challenge of learning to deal with life. We wake up, go to work, make money, save money, spend money, and repeat the process all over again. Kirosaki reminds us to keep fighting for something better, to not be afraid to ask what if I do this and he inspires us to actually get up and do something about it. You can't win if you've never lost. The main thing is that you keep trying harder, not only for money, but for a better environment. As he put it, the world is a reflection of yourself. By reading this book, you'll begin to ask yourself what it's going to take to make you happy. Don't read this book to find what it takes to be rich, read this book to find it in youself to fight for something better.
Rating:  Summary: Short on specifics... Review: I really wanted to like this book but after reading it again and again I find two things: 1) He doesn't tell you any exact steps of what you should be doing in order to be rich 2) He never seems to get to the point. He continues to ramble on about why financial security is important but it basically just stops there. Let me ask you, who out there doesn't want to be rich?. Or be free and independent from the jobs they hate?. I think that's all of us but he's got to deliver better and more concrete action steps than this. Though in truth teaching people to be rich is hard, because everybody wants to make their millions using skills they love to use in the field that they like. Such skills aren't taught anywhere, they come only from experience. All he teaches in here is how to do real estate, which may not be right for the person who wants to get ahead.
Rating:  Summary: A little too elementary for this reader... Review: This book seems to written with a dictaphone some laxy evening after the author had a couple of stiff drinks. The only challege he undertook was to write a book with no research and no guidance for the wanting reader. The book seriously lacks any statistical or quantitative facts and instead opts to focus on a rambling storytelling nature of stories that are based much more on fiction than fact. I would recommend that the author sober up and write something with some utility. The problem with the book is that it has an illuminating title. However, I can assure any future readers that the light will cease upon creasing the bind and peering in.
Rating:  Summary: Eye Opening Attitude Adjustment! Review: My father used to tell me "go to school, work hard, get a good job and you'll be set for life." He kept saying this after being laid off from the aerospace industry. After a few jobs that didn't last, he gave up and never worked again. I knew this advice wasn't good, but I didn't know the alternative. So, I got jobs, kept slugging away through school in my off hours, and gradually raised my paycheck to 50k a year. Depressed every time I got a job without knowing why - something about seeing that cap on my earnings and the huge chunk lost to Uncle Sam I guess - I'd get out the credit cards and "treat" myself. Between that and student loans, I was soon 50k in debt. Thanks to a severe auto accident, I got out of debt, but was soon back in debt. That taught me that more money isn't necessarily the answer. After struggling for another decade, I found "Rich Dad, Poor Dad" recommended to me by my Mother, who was sick and exhausted by having to support the family with my help. This book clearly (and somewhat repetitively) explains why the old logic of working for a company until the day you die no longer works. Corporate downsizing is no longer frowned upon, it is celebrated, so to expect to be always gainfully employed is insane. The only way to financial freedom is to move from being an employee, or self-emplyed, to being a business owner and investor. Build a business until you can incorporate. Let your own company buy you cars and houses - they'll be tax deductions rather than liabilities costing you interest payments. Don't expect this book to give you a clear-cut "this is how to get rich" step-by-step guide. Rather, it tries to change your paradigms and give you a different look at money, the economy, taxes, the rich, and explode certain myths. For instance, Millionaires don't buy expensive new cars and houses, 90% of millionaires buy used cars. I just heard that statistic on the radio the other day, as I was reading this book. It's the indebted middle-class who are trying to keep up with the joneses that buy the showy material things. The smart people are using their money to create wealth and then living off interest from investments, royalties, patents, real estate, etc. Like it says in "The Matrix" - FREE YOUR MIND. The book explains the concept of four quadrants of how people earn money and live. The left side is taxed heavily by the government. The right side has tax advantages. The left side is full of liabilities. The right side is full of assets and passive income. It explains what a balance sheet is, and how the money flows when you're an employee (out to someone else) or an investor (other people's money comes to you). It opens your eyes to what a liability houses and cars are, so you stop buying houses you really can't afford just for a teeny tiny tax break. For instance, spending 300k+interest with after-tax dollars just to save 3k a year doesn't really make much sense, does it? But that is the only tax break employees have. The left side of the quadrant is Emplyee and Self-employed. The right side is Business owner and Investor. The quickest way to wealth is to become a Business owner and within the business start Investing. I felt the "ah hah!" click in with every chapter. It felt so true, so right. As an employee I have made several business owners lots of money with the materials I wrote while working for them for a pittance. If I'd written them under my own name, for my own sole proprietership, I could have kept all the money and written off all my expenses! Silly me! Sure there's risk but risk is manageable. But I'd still be self-employed, which means to make more money I have to work harder. As a business owner, I can take vacations any time I want! These are the points the book makes, using great anecdotes and stories from Robert Kiyosaki's childhood when he was mentored by his best friend's Dad. It's very easy to read, almost too easy - anyone from 3rd grade on up can grasp these concepts. Do yourself a favor and read this book right away. Hurry, because this is only the tip of the iceburg. There's so much more to learn!!!
Rating:  Summary: What a crock of ......... Review: The book begins by indicating Robert has two dads. One by birth, the superintendent of Hawiai public schools and his playmate's father. He's caught in a quandry of weather to follow his biological but "poor" dad's financial advice or his friend's fathers. He has come up with a great idea for writing a book. Too bad there are so many errors in regards to financial concepts. Also, this "character" seems to be writing quite a lot of finction that he attempts to pass off as truths. Check out these online resources for more info about this book [. . . and . . .]
Rating:  Summary: Enlightenment Review: This book is highly recommended by my buddies and after reading it, I'm enlighten. I start working on my plan now.
Rating:  Summary: Self-Realization Is The Key For Change Review: Rich Dad Poor Dad takes a view that at first is disturbing, but the key is to look beyond just the words and consider the lesson. It only takes minutes to realize what is nessasary to be successful and what has been missing from the hard work and effort. Once I started this book I looked at my situation and everyone elses' around me. What I noticed was that I am now able to change my path to become financially independant while everyone I observe will continue to think that aquiring liabilities that resemble assets will set them up in the future, and it will, to remain poor. Don't just look at the little box we're in, look at what UPS truck we are on and where it is headed.
Rating:  Summary: This book will open your eyes! Review: This book is the 1st of the Rich Dad books that I ever read, and it's by far one of the best! Robert Kayosaki tells you like it is. He explains the way the rich sees things and the reason why they are rich. He then goes on to explain the way the poor and middle-class sees things, and why they are simply poor and middle class. After that, it is pretty much up to you to decided which team you would like to play on. He talks to you the way a close friend would talk, without ever coming accross as curt or condescending. After reading this book, you will never see the world the way everyone else sees it. Your life will never be the same again. I highly recommend it to anyone with an open mind and anyone looking to make a grand exit from the rat race and start living the good life.
Rating:  Summary: Inspiring but very fluffy Review: I don't really see what all the hype is about. The book is inspiring and fun, but it's really fluffy. It might be useful to someone who has never invested money before. If you want inspiration read this book. Once you're inspired, I recommend Millionaire Next Door, which is loaded with useful, factual, non-fluffy material.
|