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A**S
A very important, new perspective
Before purchasing this book for my kindle (and the related Audible audiobook), I read many of the reviews that talk about how this particular book is mostly a re-hash of prior information. As someone who has read/listened to Rich Dad Poor Dad, The Cashflow Quadrant, and Rich Dad's Guide to Investing, I therefore made the purchase with some degree of skepticism. However, considering the priceless value that I derived from the first three books of the five book series (I have not read or listened to Rich Kid Smart Kid yet, book four) meant that even if this were a complete fumble, I would still be way ahead overall.I just finished this book and am pleased to say that I completely disagree with anyone who says this is a "re-hash" of prior books or information. While Kiyosaki does recount some of the same stories and experiences as in prior books, it is critical to note that the purpose for doing so and the perspective from which the reader should view the story is very different.I believe Kiyosaki's purpose in writing this book is to try to "get through" to many of the people who "don't get it" after reading Rich Dad Poor Dad, The Cashflow Quadrant, or Rich Dad's Guide to Investing. He does this by focusing like a laser on two main ideas: The idea of "context" versus "content" and the power of leverage. These two themes permeate the book and if you read/listen with an open mind, and truly internalize what Kiyosaki is trying to communicate, you will realize that this book just may be the most important of the entire series.Kiyosaki explains that the idea of becoming rich, or traversing the proverbial looking glass from the world of the poor and middle class to the world of the rich, is impossible to comprehend from a poor or middle class world view. A person's world view (where money is concerned) defines the limit of their potential. All of the "how tos" and "guide books" of what people did to become rich are worthless if your mind is unable to view the world of money in the proper perspective. He says it is like water being poured into a glass, where the water is "content" or "knowledge" and the glass is "context" or "perspective." Keep pouring water into a small vessel and it simply spills over and is lost. This book is designed to help people expand their context to the point where some of the content that is also described in this book becomes useful.Kiyosaki attempts to bridge this gap by describing many of the different types of "leverages" that the rich use to get richer. Beginning with a description of how "good debt" can be leveraged to great effect (and contrasting and comparing how achieving the same investment objectives with equity is much much slower), Kiyosaki demonstrates how the use of different types of leverage results in "quantum" or "exponential" growth in income as opposed to "incremental" income growth. Among the other types of leverages discussed, Kiyosaki describes with great persuasiveness how the rich use leverage to earn money in the stock market by using options trading techniques.In my own personal opinion, this is the most important book in the series because Kiyosaki makes it clear -- and this is the absolute truth from my own experience -- that the ONLY way to retire young and retire rich is to prepare your mind, your body, and your soul to imagine a world where there is no risk and where money can be conjured from thin air. If you believe this Otherworld is impossible, then it is. If you can imagine such a world, and take the time to look for it, then maybe you too can Retire Young and Retire Rich.Two thumbs up, Five Stars, this book will have a dramatic, lasting impact on this writer. I am eternally indebted to Robert Kiyosaki for the knowledge he has shared in all of his books (as well as the Rich Dad Advisor Series books that I've read), and I believe that he has done the world a great service by selflessly sharing the lessons from his rich dad that led him into great wealth and financial freedom.
R**B
Thumbs up
The item arrived to me super quick and was exactly as described in the listing.
S**H
Absolute Game Changer
I will start off with a disclaimer. I am a RK fan. His first book RDPD jolted me out of my 'secure job' stupor, and this one does the same. It shows how changing your thinking is the first and most essential step in becoming an entrepreneur.This book covers a very significant topic viz leveraging the resources to create true wealth. It shows how the businesses achieve exponential growth using the power of leverage.For the first few pages, one may feel that RK is advocating too much real estate trading and accumulating debt. But as one goes ahead, you will get many insights into the thinking behind these concepts. Since RK deals mainly in real estate, his examples are mostly from that industry. But if you understand the essence of what he is trying to teach, you will be miles ahead of your peers in ANY industry.Some people feel that RK's style is too repetitious. But it's the folly of human mind, that it does not understand anything until it's hammered in! And we don't read RK for literary genious, we read them for practical genius. Don't we?
M**L
and this is hands down my favorite. Every time I read it
I have quite a few Rich Dad Series books, both in print and ebook versions, and this is hands down my favorite. Every time I read it, I rediscover my motivation and am reinspired to do a million different things all at once! I think the reason I keep coming back to it, and why it resonates with me more than the others in this series, is because of its focus. Once you get the basic concepts down in Rich Dad Poor Dad, this book takes those concepts to the next level but without getting too focused on any one particular area of investing or business. So it allows you to think up ideas in wildly varying categories all around the things that you love and are most passionate about.A highly recommended read, and a classic that I will be passing down to my boys in a few years. (My husband also enjoys my reading this one aloud to him on long drives!)
E**E
An enlightening novel
This is the novel that did it for me. It is the third novel of Robert T. Kiyosaki's that I have read. I also have read Rich Dad Poor Dad, and Cashflow Quadrant. The first two books were exciting to read, the information in them is priceless. But this is the book where I finally realized the power of what I think. There is one particular line that I remember especially, First identify what I am afraid of, then ask myself what I want instead, then ask myself how to get it. As he says repeatedly, it is not the content that matters as much as the context. I don't know if I really understand all the stuff about leverage. But what is more important than that, is that I limit me. My thoughts limit what I do, and they also allow me to retire young and rich. I don't know how someone can't like these books unless they are a cynic, arrogant, or lazy. I encourage you to buy this book and read it. And then read it again like I am going to do.
S**R
Motivational more than educational
this book was suggested to me by a friend who makes $12 million/ year. It was the first book I read by Robert Kiyosaki and serves as a great motivational book to put you in the right mindset to want to learn more. However, his methods mentioned in this book are outdated in the sense that his "passive income" is now taxed heavily. Like all of his books, the first half is strictly trying to change your mindset and the second half talks more about how to pursue your goals. There's nothing in here that makes you completely ready to go pursue the goals you make while reading this book, as goes for all of his books. It serves strictly as motivation and it takes a lot more reading, studying, and talking to the right people if you want to carry out the plan set forth in this book, especially in today's economy. If you want to learn what it takes to become rich, read this. If you want to become rich yourself, you're going to have to do a lot of independent research outside of Kiyosaki's teachings. Great motivation though and I've read lots of other books to get me where this book wants to take me
D**H
Good as an individual book, a little repetitive if you have read any others by Kiyosaki
I chose to read this book after reading "Rich Dad, Poor Dad" and finding it a good read. Kiyosaki's ideas are great and throughout the two of his books he often refers to people having read the series. I actually think reading more than one of the books is where the issue lies, as each one is far too similar to the other and it starts to seem as though the same message is constantly on repeat. "Thats financial intelligence" and "buy real estate" etc etc.I would also point out that this is not a "get rich quick" scheme to any potential readers, its a realistic way of managing and spending your money so the title is a bit misleading. Firstly, the book pretty much revolves around using real estate to make money and if you're here in the UK than you need significant capital in the first place to even consider buying any property. Kiyosaki make money in a high paying sales job in the early days, so if you're working minimum wage today and hope this can help you then you may be in for a disappointment.Key take away from both the books I have read is how to spend more intelligently on assets that make money rather than the liabilities that dont. Its amazing the way the book makes you realise how everybody falls into the trap of earning well but having none left at the end of each pay day.I would recommend this book if you have not read the others and similarly if you havent then I would recommend buying "Rich Dsd, Poor Dad" instead.
D**E
worth the read
Robert is a very successful business man, each book tries to sell you more, while teaching you great lessons, in such things as investing, not just in property and business, but in education around financial intelligence. I have enjoyed all the books upto date and i am trying to use the knowledge i have gained, I think if we all learned to use the lessons in books like this we would have a very strong economy. There are alot of good books out there roberts books are among them, others i would look at are the e myth, andy shaws book regarding property investing,The Snowball: Warren Buffett and the Business of Life, The Definitive Business Plan and a good reference guide is Starting a Business for Dummies
V**T
This book empowers you to take charge of your financial future
I cannot praise Robert Kiyosaki's books enough. Written in compelling, yet plan and simple language , that anyone can understand. He walks the walk! He is no FAKE teacher. I've annotated and highlighted this book and will no doubt revisit it many times over the coming years to make sure I am on track to retire young and retire rich. Will you do the same? Jane Bell- author of ' Time Smart Teaching' , also on Amazon.
D**H
He’s smart. I’m another mug punter.
The more I read the more I see how my life is better without riches .... so it passed time and made me laugh about mugs like me making him rich. Will I buy his next book? Naaaa, don’t think so.
T**Y
Get enlightened with underlying truths to gaining financial freedom
This book is enlightening and contains several nuggets of wisdom on financial freedom and attaining it. I feel that it would make much more easier reading if the author went straight to the point on several occasions as well as avoid repeating sentences which I believe pads up the book. The waffling bit makes it lose a star. I recommend this book to anyone looking the get well informed about the principle of attaining financial freedom. In all honesty this book has expanded my mind and reality as well as put into context some of the natural laws of life which I have read in other self development books.
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