Rating: 
Summary: Intelligent readers will be rewarded
Review: Although I enjoy Kiyosaki's entertaining writing style, I really enjoy how informative his books and this one in particular are.In Rich Dad's Prophecy we learn why we shouldn't trust mutual fund managers (although this book was written over a year ago, look at what is happening right now with mutual funds), why "buy and hold" and "diversificiation" are not the best strategies to use and also why passively listening to your brokers (really jokers) can cause you to lose masses of money. More importantly to the subject of this book is what is going to happen in 2016 when baby boomers liquidate their equity holdings. Oh, and by the way, this is not a "doom and gloom" book as one individual wrote (probably a broker)this is just good, solid advice for anyone who is investing now and plans on having money invested over the next 13 years. Some people warned about the "internet and tech bubble" a few years ago. Detractors called that "doom and gloom" thinking too but what happened? I highly recommend Rich Dad's Prophecy. I also recommend Retire Young Retire Rich and Rich Dad's Guide to Investing.
Rating: 
Summary: No one knows the future
Review: At the very beginning of his book, on page 8, the author predicts that "A major stock market crash will occur -- while hard to pinpoint an exact time -- it is inevitable." But, truly, it is more than hard to pinpoint, it is impossible, isn't it? He proves it in his book by not pinpointing anything at all. A forecaster who does not want to ever be proven wrong may give you an exact number or an exact date but never both. Robert gives us neither. He says there will be a major or massive stock market crash. He does not say what massive or major means, down by 20%, 50%, or 90%? (as occurred at the time of the Great Depression). On page 43 he writes "And millions will be out of money and off support after the year 2020, after this massive stock market crash occurs." So the crash will occur anytime after 2020, could be 2030, 2050, 2080? You get the picture. We could try to pin him down and say that he is predicting that there won't be a massive stock market crash before 2020, but we really can't because if the stock market did actually crash before 2020 it will be up to Mr. K. to tell us whether it was massive and if his prediction was right or wrong. Many professional financial advisors will tell you to run like crazy away from anyone who claims to know the future. Mr. K. writes as if he has a special insight into what the future holds in store for us but is clever enough to avoid actually sticking his neck out. Perhaps he remembers the economist who actually did predict a big crash in the 1990s. Being dead wrong like that won't help book sales. I don't recommend this book because I think it is an attempt to sell his Rich Dad Poor Dad book again using fear and uncertainty as selling tools this time.
Rating:
Summary: RDP came out in our area on Oct 6th too.
Review: I noticed a review from someone from San Lorenzo, Ca. questioning another review posted on Oct 6th based on the announcement that RDP was due to be released on Oct 9th.Friend, some books come out ahead of time. I bought Rich Dad's Prophecy at my local bookstore in Orlando on Oct 6th too and I still have the receipt.You evidently have too much college and "Poor Dad" programming.I highly suggest that you stop bashing the positive books, break away from the pc games and r-rated movies, and actually take the time to read one of Mr. Kiyosaki's books and open your mind. It will do you a lot of good.You should also consider some alpha programming to jumpstart your right brain along with reading books like this one (RDP) by RTK to reprogram your way too analytical and negative left brain.I guess nobody bothered to tell you that when popular authors like Kiyosaki come out with new books, they sometimes come out ahead of announced release date. Too bad for you!Rich Dad's Prophecy is a great book and I highly recommend it.
Rating:
Summary: Repetitive & Misled
Review: I read Mr. Kiyosaki's first book and felt it was generally solid and a good start for the 90% of the population that is not focused on their personal finances.
This book takes his "buy income producing property" mantra a step further. He identifies a potentially real issue (massive decline in the value of the stock market) and offers his solution (buy assets that produce cashflow).
The book didn't offer a single solid idea on how to prepare for this disaster (except for repeating the idea of investing in income producing real estate over and over again). I find his brand of financial education very misleading and, based on the back pages of the book, he appears to be hocking a slew of additional "get rich quick" merchandise to gullible consumers.
He seems to equate value to the amount of cashflow that is produced and proclaims stock investments to be just paper value that can evaporate. I disagree heartly as a real estate investment is just as risky and can evaporate just as quickly.
I think he oversimplifies the process of investing in real estate rental properties. If the stock market does crash and the unprepared Baby Boomers will have to live poorly, then it is safe to assume that rental income from real estate investments could be reduced. In addition, there are hundreds of pitfalls to real estate investments that could turn them into losers that Mr Kiyosaki ignores or assumes away.
In addition, he professes to make money by receiving rental income on from his investments that provide 15-30% returns as well as profiting when he sells or re-finances the property when its value increases. He ignores that the real estate boom experienced over the last 20 years is in large part due to affluent baby boomers. If their affluence disappears, the demand for real estate will also disappear and the real estate market will experience a decline in value similar to the stock market. In the same manner, the rental income that is earned could be reduced if usage goes down or costs go up. In fact it could turn negative requiring the owner to put up more cash to save the investment.
None of this is discussed, as this world of investing is for serious real estate investors who spend all of their time on these types of opportunities. These people usually are able to avoid the bad investments and make the good investments (leaving all the bad investment to those amateurs who try to follow the book's advice).
Overall, I find it difficult to believe that there are investment opportuniuties available to 'Joe Public' that offer 20% returns without risks that justify those potential returns. I reminded of a saying of how if something sounds too good to be true ........
Rating: 
Summary: So So Book
Review: I was browsing through the aisles in my local bookstore, when the cover of this book caught my attention. I have watched events unfold in this country over the past 6 years which lead me to believe that America has lost any evidence of good financial sense. And that's one of the points he makes in this book.
Anyway, I thought this book could be a voice of reason which might stand out. Its message is fairly clear, and he makes a general argument as to why the biggest stock market crash is still coming. But the book is lacking in any kind of significant detail. Where are the numbers? Showing me the yearly stock market gains/losses from the 1920s is about all the detail he provides.
Instead, what this book does is scare the daylights out of you into thinking you have to buy investment real estate tomorrow, because it's the only thing that will keep you afloat in your retirement years. And to do that successfully, the author is more than willing to tell you about his other books in the Rich Dad series, his audiotapes, his videotapes, his seminars, and his board games. While I believe the message of the book is worthy, I disapprove of the manner in which the author uses that message to promote his other books and products.
Rating:
Summary: My Favorite Rich Dad Book!
Review: I've read almost every one of the Rich Dad, Poor Dad books and this is, by far, my favorite. I was reading some of the other reviews and were disappointed that others didn't get the same information that I did. I make a lot of money in my own business and I've recently started investing in real estate. I've been able to make my fortune through the repetitiveness of those who have succeeded before me. I can almost guarantee that everyone who gave this book a bad review is probably very broke just doesn't "get it." Oh well! Maybe next lifetime. This book shows you the "whys" behind what's about to happen and, most importantly, how to profit from the coming crash. No, it's not a "doom and gloom" book. It's a survival manual. Turn a blind eye to it and starve with the rest of the peasants in the years to come!
Rating:
Summary: Rich Dad's predictions are coming true.........
Review: If you take a look at the date when this books was released and then go back and check the stock market, you'll find that everything Rich Dad predicted is in fact coming true. What is really scary is that Rich Dad predicted this years ago! I highly recommend this book along with Rich Dad's Guide to Investing for anyone who wants to become a successful investor. If you want to continue to loose money and get broker, then listen to your broker. That is why they are called "brokers" Listen to them and you'll become "broker."
Rating:
Summary: A Bold Contrarian View
Review: It takes guts to write a prophecy, and it takes particular guts to write this prophecy. It is a refreshing, and probably correct, "contrary" opinion to the endless optimism that you get from Wall Street. For this reason alone, the book deserves five stars. (It is also better written than some of the earlier works, probably the result of practice.) Early in the book Kiyosaki starts by pinpointing the central problem of retirement income--that ERISA, the so-called Employees' Retirement Income and Security Act, had actually undermined the security of workers' retirement incomes by replacing so-called defined benefit plans, underwritten at fixed levels by companies, with defined contribution plans, under which workers were individually responsible for investing their own contributions. Baby Boomers bought this snake oil because of their desire for individual, rather than collective, security. The results, and wreckage, can be seen at places like Enron. But the marketers of the new plans certainly knew what they were doing. The underlying problem is that the Baby Boomers were the last American generation to be more numerous than their parents. Every succeeding generation has been of comparable, or even smaller, size because the Baby Boomers' fertility only approximated replacement rates. Thus, there is a flat, rather than broadening, pyramid as age groups get younger. This historic demographic shift called for far-sighted savings and investment plans designed years ahead of Baby Boomers' retirements. (Japan has a much higher savings rate than the US and is now staring this issue in the face.) Because Baby Boomers have put off retirement planning too long (as they have earlier in life with other issues), they are facing a massive financial crunch. The result, as Kiyosaki points out, will be a stock market crash that's almost a foregone conclusion: It's more a question of when rather than whether. The fact that this prophecy originated with "Rich Dad" doesn't make Kiyosaki less of a prophet. After all, God gave Moses the ten commandments. My main quibble, and it's really a difference of opinion, is with the 2016 target date. In my new book, "A Modern Approach to Graham and Dodd Investing," I outline a target date closer to 2006 (along with some proposed solutions). That's when early Baby Boomers turn 60,and can start tapping their IRAs without penalty. (And they've never been ones to postpone gratification.) It's possible that my target date is too early, and that Kiyosaki's is too late, with the truth somewhere in between. But he and I agree on major concepts, while differing in detail.
Rating:
Summary: A Bold Contrarian View
Review: It takes guts to write a prophecy, and it takes particular guts to write this prophecy. It is a refreshing, and probably correct, "contrary" opinion to the endless optimism that you get from Wall Street. For this reason alone, the book deserves five stars. (It is also better written than some of the earlier works, probably the result of practice.) Early in the book Kiyosaki starts by pinpointing the central problem of retirement income--that ERISA, the so-called Employees' Retirement Income and Security Act, had actually undermined the security of workers' retirement incomes by replacing so-called defined benefit plans, underwritten at fixed levels by companies, with defined contribution plans, under which workers were individually responsible for investing their own contributions. Baby Boomers bought this snake oil because of their desire for individual, rather than collective, security. The results, and wreckage, can be seen at places like Enron. But the marketers of the new plans certainly knew what they were doing. The underlying problem is that the Baby Boomers were the last American generation to be more numerous than their parents. Every succeeding generation has been of comparable, or even smaller, size because the Baby Boomers' fertility only approximated replacement rates. Thus, there is a flat, rather than broadening, pyramid as age groups get younger. This historic demographic shift called for far-sighted savings and investment plans designed years ahead of Baby Boomers' retirements. (Japan has a much higher savings rate than the US and is now staring this issue in the face.) Because Baby Boomers have put off retirement planning too long (as they have earlier in life with other issues), they are facing a massive financial crunch. The result, as Kiyosaki points out, will be a stock market crash that's almost a foregone conclusion: It's more a question of when rather than whether. The fact that this prophecy originated with "Rich Dad" doesn't make Kiyosaki less of a prophet. After all, God gave Moses the ten commandments. My main quibble, and it's really a difference of opinion, is with the 2016 target date. In my new book, "A Modern Approach to Graham and Dodd Investing," I outline a target date closer to 2006 (along with some proposed solutions). That's when early Baby Boomers turn 60,and can start tapping their IRAs without penalty. (And they've never been ones to postpone gratification.) It's possible that my target date is too early, and that Kiyosaki's is too late, with the truth somewhere in between. But he and I agree on major concepts, while differing in detail.
Rating:
Summary: Definitely a must read.
Review: Rich Dad's Prophecy is most certaintly a must read book for anyone who has money invested, especially in 401 (k) plans. While some of the information in RDP is similiar to Kiyosaki's earlier books, the pension, retirement and 401 (k) is fresh, startling and hopefully alarming to anyone who plans on investing their money between now and 2016. 2016 is the year when the bulk of the baby boomers will be forced to liquidate their retirement funds. When this happens, a major stock market crash is expected (no kidding!) that surpass the bear market from 2000 to 2002. Another problem is what kind of money will current savers have in their 401 (k)s? For example, before going into self employment, I worked in a local office for one of the top 6 banks in the USA and had been putting all I could into my 401 (k) savings plan. Despite this being one of the "Big 6" Banks, matching by the bank was about average (and any matching reflected in reduced wages), options to invest in were patheticly weak and the bank would match us only with shares of Bank One stock. After reading RDP and going into self employment, I rolled my 401 (k) into a self directed IRA with a brokerage firm. I now choose my investments between stocks, mutual funds and bonds or even Tax Liens, Discounted Mortgages and Real Estate. I'm in control, not my employer. The only real benefit of a 401 (k) is the borrowing provision which unfortunately too many so called fiancial experts discourage. And after the Enron issue, who wants to have that much money in company stock? Kiyosaki is alerting people and none too soon. I am certain that all of the one star reviews are from brokers, financial planners and benefits directors from companies that hope that you blindly follow their advice even it means not having anything for retirement. I cannot emphasize the importance of reading RDP and more importantly, following the advice. To repeat, Rich Dad's Prophecy is definitely A MUST READ!
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