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Title: Rich Dad's Retire Young, Retire Rich by Robert T./Lechter Kiyosaki ISBN: 0-446-67843-0 Publisher: Warner Books Pub. Date: 15 January, 2002 Format: Paperback Volumes: 1 List Price(USD): $17.95 |
Average Customer Rating: 3.09 (96 reviews)
Rating: 1
Summary: Is this a book or a biography??????????? cmon robert
Comment: I will start off with, DO NOT BUY THIS BOOK! I heard alot about this gentleman and figured id read one of his books. I first thought, hmm , well maybe it will get more interesting as I read on. Well I read the book cover to cover and it was nothing more than him rambling on about how him and his wife made their millions but nothing about actually HOW TO DO IT! Yeah he had a couple good points (*note..a couple), I'll give him that. He needs to stop talking about himself and his "rich dad" and write about material people can actually use. Sorry Robert.........But ive found Russ Whitney!
Rating: 1
Summary: Kiyosaki owes me 1 star
Comment: Robert Kiyosaki does a disservice to his readers by presenting unrealistic scenarios of easy profits. If it truly were so easy, the deals would have been snapped up by now. His comments on stock tips, housing depreciation, and expensing watches and vacations as business costs are not only inaccurate, but ILLEGAL. His disdain for education is reflected in his poor writing.
Rating: 4
Summary: Not another "Get Rich Quick" book... Thank Goodness
Comment: I would first off like to address the person who said that Kiyosaki "ignores the fact that 9 out of 10 small businesses go belly-up in the first five years". First off, negative thinking will get you nowhere. Second, in my reading of this book, Kiyosaki in fact mentions this fact at least THREE times in this book in sufficient detail. Kiyosaki acknowledged this as a fact but also mentioned that it also means that 1 out of 10 small businesses are succesful. Meaning you have to be willing fail 9 times. You learn more from failing than winning. If everything was easy then everyone would be rich. He mentioned that one of his friends lost $1,000 on 14 straight trades, but made $50,000 on the very next one. The reason why a lot of people do not like this book is because they are perhaps expecting a "get rich quick" scheme; we already have enough of those.
For those that understand where Kiyosaki is coming from, his intention is NOT to tell people HOW to get rich quick, instead it seems to me that his main goal is to get people out of the context that they have to work for others and depend on these people in order to be rich. For most people this is not going to happen, as long as your working for someone else no matter how much you make, you will NEVER be truly free. Until people realize this they will be forever trapped in this world we call corporate America.
Kiyosaki does an excellent job in this book, he again hammers home the fact that "How" to get rich is not nearly important as "Why". Once we have our "Why" the "How" part becomes easier. The points and "lessons" he uses in this book can be retitive, however this is nessacary in order to get his point across. One point that he made that continuously sticks out in my mind is that the more money you make at your job, the more you become dependent on your job to take care of you. This is why he said his "Rich Dad" made him and his friend work for free so they can come up with ways to make money on their own.
If any of us were forced to work for free, I think we would be VERY motivated to find other ways to make money. In this case our "Why" would be simple. The reason why our "Whys" are so hard is because most of us our "blinded" by our salaries. But in reality we are working for nothing. The money we do make is taxed heavily and even worse, our companies could reduce our salaries or even worse lay us off anytime they get ready. After we are laid off, what do most of us do? - Find another job and the process starts over again. I admit I am still caught in the rat race at 26 but after seeing what my company is starting to do and how they treat their employees, I am beginning to realize the importance of working for myself and not for someone else.
Again the point of this book is to find our "Why" in order to get out of this rat race. Many people will not like this book because it gives very few specific examples on how to get rich. (He does however mention Real Estate and the Stock market numerous times). Different things work for different people and the key is to FIRST find your "WHY". After you find your "WHY", THEN find what YOU like and WANT to do, not just blindly DO what someone else did to become rich. If you are looking for a book that will change your CONTEXT and thinking about money and WHY you would want to make it for yourself, then this book is for you, however if you are looking for a "Get Rich Quick" program, then you are better off staying up late and watching the endless informercials that come on TV.
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