Reed, a critic of Robert Kiyosaki, says, ' Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.
He also criticizes Kiyosaki's conclusions about Americans, American culture, and Kiyosaki's methods. The book was originally self-published in before being picked up commercially to become a New York Times bestseller. It has since sold over 32 million copies and become a household name. He places his focus upon talk shows and radio show appearances, of which The Oprah Winfrey Show had the biggest influence on book sales.
Kiyosaki asserts that an estimated 40 million copies of the book had been sold worldwide. Every photo is linked to where you can purchase a copy, along with a link beside it for those of you that read using a Kindle. Web Hosting Discount. Recommended Books.
Downloaded 74 times. Once the timer is complete, click on the download button at the end of the page to generate a secure download link. The first edition of the novel was published in , and was written by Robert T. The book was published in multiple languages including , consists of pages and is available in ebook format. My partners and I were amateurs.
We let our meteoric rise to success cloud our ability to make smart business decisions. Instead of managing our cash-flow, we were concerned about what sports car to buy. Please note that the tricks or techniques listed in this pdf are either fictional or claimed to work by its creator. We do not guarantee that these techniques will work for you. Some of the techniques listed in Rich Dad, Poor Dad may require a sound knowledge of Hypnosis, users are advised to either leave those sections or must have a basic understanding of the subject before practicing them.
DMCA and Copyright : The book is not hosted on our servers, to remove the file please contact the source url. Make your money I was skeptical from the start about reading a book entitled "Retire Young, Retire Rich" with a glossy picture of author Kiyosaki dressed in Steve Jobs black and then again pictured on the back of the book enjoying the rich life entitled.. Make your money work for you and not you for your money. Your time and skills are limited by the hours of the day. Their fees may erase your margin of earnings.
Their are numerous tax advantages. If you buy rental properties.. Kiyosaki is not a fan of buy and flip. He feels a good real estate investment should be able to make income on day one with rent. Kiyosaki does not claim buying real estate is easy. He has a rule. Look at properties online, visit 3 in person. Then pick 1. There's much in which I disagree with Kiyosaki. With the tax advantages, and match..
He would advise an investor to borrow and buy real estate. This book was written in before the Real Estate bubble of While this is wise in having a different stream of income..
I think Kiyosaki may underestimate the time, and mental emotional stress this may cause. Is this beyond the ability and time available for the average investor? And don't most studies show that active investing profits are erased by the cost of the trades, taxes,a and losses? Kiyosaki is not a fan of index mutual funds, buy and hold, and dollar cost averaging..
I don't doubt that Kiyosaki is rich. But what portion of his money did he make based upon his investment principals vs. I don't begrudge him for be a successful author, but it seems authors like this are never completely transparent about how they have accumulated their wealth. Maybe I should look into a rental property even though it might mean I have to go there every week to mow the lawn. Jun 10, Sagar Chamoli rated it liked it Shelves: personal-finance.
Excellent book- i must say! Robert explains beautifully his thoughts and do the justice to do the title. The only reason giving one less star is that i feel somehow he is more inclined towards real estate investment. Don't blame him for his insights because that has helped him to retire young, retire rich.
But i feel that can be done through other options as well. Keeping that aside, no matter what this book is a must read. I strongly recommend this book to everyone despite the title of the book.
Get this book now and let it stretch your reality, your point of view on every aspect of life. Feb 02, Manohar rated it it was amazing. Very good book on pointing out the right direction in getting the financial education you need. This book is filled with lot's of useful tips and it's organized in a very good way. Don't confuse this for a check-list or an instruction guide to your desires. Here you'll find the right references and the right direction, but it's up to you to learn a lot more before becoming succesful.
Took my time to really understand what he was saying. Great stuff. Dec 01, Usiere Uko rated it it was amazing. Very inspirational. Shows that one can get what one really wants. Excellent read. Aug 19, David Rosage rated it it was amazing.
One of the best books I have read in a log time. Has pushed me over the edge to start investing in passive cash flow opportunities like real estate and franchised businesses. Nov 14, Sreten rated it really liked it Shelves: business-and-economy. This is the fifth book of Rich Dad series and I think the series finally deserve a review!
The book is as good as the previous ones, with motivational moments, advices about managing your money and with specific topics about investing. And the fact that Robert is often repetitive which he is in all his books doesn't give it a lower score.
He just wants you to remember and incorporate simple rules of financial thinking of a wealthy person's mind, and to expand your context. Many people will hat This is the fifth book of Rich Dad series and I think the series finally deserve a review!
Many people will hate it, just like the previous ones but those who read between the lines will get a benefit from it. This book is not for everyone though, nor everyone would understand it.
I suggest starting from book number one, so you could understand his philosophy. In book one he speaks about his "two fathers" was it a true story or not is not important-because I heard people saying that he made up all so he could sell books who had totally different views throughout their lives regarding money and he decided to adopt the thinking of the one who built his own future by bying assets businesses, real estate, securities.
Not relying on salary, company raises, finding better payed job Seven of the most importannt money words are: income, expense, asset, liability, cash flow, leverage.
He explains how to understand corelation between these words, Cash Flow is the second book, where he introduces quadrant E mployed, S elf employed, B usinessman, I nvestor. In third book he focuses more on investing tactics of different types of investors, fourth is about what and how we should teach our kids about money-and also ourselves.
Fifth book among the rest tells us about leverage types that we can and need to use to retire early. The most important is that he teaches us throughout all five books about simple steps that we MUST do if we want to get financial freedom and buy time.
Because time is the most expensive asset that we have, or don't have. Not everyone desires to achieve this goal or don't take appropriate steps towards achieving it-except dreaming , some people are comfortable with the idea of waking up every morning and having to go to work so they could pay for their living They are taught to think only from the perspective of employed person-self employed.
But for those who crave for freedom-freedom to use their time for whatever they desire to do, to be independent, work what they love without "must", this is the right place for the start! It will be hard in the beginning, but as you progress you will feel the desire to learn more and more, and to take action, and make mistakes Apr 22, Juhi rated it liked it. Retire young retire rich is a 5th book in the series of Rich Dad by Robert Kiyosaki.
Robert in this book shares his journey of retiring very rich at an age of just 47! He speaks about his real life experiences and struggles and how he came through without losing his motivation. My main motive to pick up this book was to learn something new from this book. Not exactly retiring thing but getting rich thing. After reading this whole book I realized that I knew most of the points put forward in this Retire young retire rich is a 5th book in the series of Rich Dad by Robert Kiyosaki.
After reading this whole book I realized that I knew most of the points put forward in this book. Being a graduate in finance degree and currently working with futures and options I knew everything what Richard was trying to say. So the main crux of the book is to motivate the readers to follow their dream of becoming rich by starting their own business. Job security, according to the author is not security but the biggest risk.
I summarized few points from the book to narrow it down to give the idea as a whole. Never be afraid to fail. Always keep in mind the odds of the success of business. More tax breaks and easier access to loans are available to business and very few to salaried person.
So always work on your networking skills. If you have a strong team your business would go places. Robert also gives some strategic plan on investment portfolio.
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