About this title: Argues that a good education and a secure job are not guarantees for financial success, and describes guidelines for making money work for you.
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Binding: Audio CD
Publisher: Hachette Audio
Date Published: 2001
ISBN-13:9781586210915ISBN:1586210912
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Binding: Spoken Word Compact Disc
Publisher: Hachette Audio
Date Published: 2001-03-01
ISBN-13:9781586210915ISBN:1586210912
Description: NEW. Spoken Word Compact Disc. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9781586210915. read more
Binding: Audio CD
Publisher: Hachette Audio
Date Published: 2001
ISBN-13:9781586210915ISBN:1586210912
Description: New. Brand New! Buy with confidence-your satisfaction is guaranteed at B-Logistics! Due to the large scale of our operation, we do not have access to the specific contents/condition of our items. Please note that Expedited shipping is not available at this time. read more
Binding: Audiobook CD
Publisher: HACHETTE AUDIOBOOKS
Date Published: 2001
ISBN-13:9781586210915ISBN:1586210912
Description: New. Kiyosaki learned early on that the real reason the rich get richer and the poor get poorer is the financial savvy passed down from one generation to the next. This book uses the author's two "fathers"--one, an entrepreneur who mentored Kiyosaki, and... read more
"In my opinion, this book fulfilled its purpose which was to help people have a better understanding of how to make money and use it wisely. There are many aspects of it that appealed to me. First, it shows how a person can be a better steward of the money he has. This is something that, as a Christian, I greatly desire to do. Having said that, I think there are many people that desire to do that, but don't know how. In addition to that, there may be people that are good stewards to some extent, but not to the extent that they could be. Second, it seems to be very well thought out. It points out how many people make a lot of money but are, in reality, poor. The reason given is that everything a person is taught growing up is that he should work hard and get good grades in school so that he can get a good, stable job someday, but then he gets all this money and doesn't know what to do with it. He is hardly better off than the person that barely gets by on minimum wage. The problem is not a lack of academic education but a lack of financial education. When a person does not know how money works, they cannot be expected to use their money wisely.
However, although there were many things I liked about the book, there were also several things that I did not like. First, because of his writing style, he takes a long time to make a point. It is one of those books where no single chapter can be skipped. Second, because he is intensely interested in real estate, there are very few explanations of how his ideas can be applied to some other interest in life. I do not think that he thinks that the only way to have financial security is through real estate, but it is also very hard to see how his ideas can be applied significantly to anything else. Third, I got the impression that he thought that financial security could answer all of life's woes and was the one thing that should be most desired in life. As a Christian, I know that this is not true. Christ is the answer to all of life's woes, and He is the One we should desire more than anything else in life."
"I've been wanting to read this for a couple of years. After some recent events in my life I wanted to understand the financial thinking of people who were raised wealthy and those who were not. The first chapter was great. The storytelling was simple and informative. It made so much sense to me and I related to it. Then I started Lesson Two: Why Teach Financial Literacy. It was this chapter that I realized that homeboy Kiyosaki is quite pompous. I understand that he was using specific examples in his financial success which is essential for writing a book in this genre but he was just being pretentious and inflated.
It was a line in chapter six that made me halt and decide to put down the book for good. It was an example of how his friend bought a rundown house. Kiyosaki writes "It was spooky to look at." What? did this supposedly financially intelligent man just say, "It was spooky to look at"? He did. He's not worth my time.
I checked out this book at the library. If I would have bought this book I would have made him $16.95 richer and me $16.95 poorer. He does know how to invent money by creating a need. The need is for people to buy his books and products.
Kiyosaki's lectures and advice may appeal to some but I felt like I was being swindled. I won't finish this book and will read financial advice from people who are intelligently wealthy, more humbled and less pompous."
"There were things that I liked and things that I disliked about this book.
Dislikes:
*Author makes exaggerations, blanket statements, and assumptions and then presents them as facts. (i.e. He states that Americans pay 50% in income taxes. Not many Americans are in this tax bracket, certainly not the person that would be reading this book!)
*Author doesn't understand economics, politics and law well. For instance he states that "Our staggering national debt is due in large part to highly educated politicians and government officials making financial decisions with little or no training on the subject of money" ( p. 14). I do not believe that our politicians lack education or training on money. I believe it is because our politicians lust after greed and power and are not willing to live within a budget. In regards to spending they are only thinking of the present, not the future.
*The book is poorly written and edited (I should be careful when I make a critcism like this, it's not like I have written any books.)
Likes:
*The author says that the most important thing to invest in is your own financial literacy. He says that we should always be looking to learn something new because things are always changing. You have to stay educated so you can recognize an new opportunity.
*I like how the author challenges the "conveyor belt" ideas regarding money, spending, employment (For instance, he challenges the idea of only relying on an employer. He encourages the reader to take matters into their own hands and make money work for you instead of working for money) , investing and wealth.
*He never claims to have the answers he just sends you out to find them for yourself. Although he presents "examples".
*I like how the author encourages the reader to be generous with his/her money. He encourages us to give to charities and to people with less.
*I like how the author is a capitalist. He believes in the American dream. He challenges the socialist ideas and entitlement mood of the country. I understood a main theme to be get out there and help yourself instead of relying upon government and society.
*I like how the author discourages consumer debt. He discourages any spending that is trying to "keep up with the Jones". He discourages buying luxuries on credit. He doesn't say that luxuries are bad, just wait until you can save up and afford them.
I have heard many opinions of this book. They seem to be love or hate. I like the book. Overall I found it inspiring and encouraging. The book has made me want to be more proactive in managing and investing in my own finances instead of relying on and waiting for my husband to get the next raise."
"this one and the other one by Kiyosaki (cash flow quadrant) really shook the financial cobwebs out of my head. i really like the bare-knackles definition of an asset- if it doesnt generate cashflow, it aint an asset no matter how much you paid for it. that struck my' hummer' off the assets column leaving a huge dent. a family house would also not squarely sit in this column. ok, it generates cashflow as 'rent not paid', but the value you would put for it in this column according to Kiyosaki should not be the market value!
did you notice the clever definition of wealth: take your liquid (current) assets (things like cash in bank, shares, payables) and divide by average monthly expenditure. that is your wealth in months. in other words, how long would you maintain your current lifestyle without extra income. it is startling! closely related is the definition of financial freedom - take your non-employment income (from business, dividends, interest etc) and minus monthly expenditure. mine is a huge negative! damn!
got a lot to say about these two books, but i dont want to crash facebook.
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