Rich Dad Poor Dad by Robert T. Kiyosaki PDF book free. Rich Dad Poor Dad is the financial, personal growth and business guide which tells the secrets to become rich. Description of Rich Dad Poor Dad by Robert T. Kiyosaki PDFRich Dad Poor Dad is the personal growth, business and finance management book which shares the different tips to increase your wealth. Kiyosaki is the author of this exciting new book. This book provides a highly effective approach towards to manage your finance and millions of copies sold out every year.
It is translated into different languages and change the life of peoples worldwide. This is the story of a child whose father belongs to the middle-class family. The best friend of his father was rich and they both have a strong bond of friendship.
He calls his father as poor dad and friend of his father as a rich dad. The boy experience, both of his dads have a different approach to invest in the market. Poor dad remains poor with his investment but rich dad increases his assets.The real difference between them that poor dad works for money and rich dad utilize money to work for him. Robert shares different techniques which help the reader to get over their financial issues. He exposes the myth that to be rich you first have to earn more.
The school systems are not enough to train your kids about money. Learn the difference between liability and asset you have. It also challenges the belief that your house is an asset. Details About Rich Dad Poor Dad by Robert T. Kiyosaki PDF. Name: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not.
Authors: Robert T. Kiyosaki. Publish Date: April 11, 2017. Language: English. Genre: Personal Growth, Finance, Business.
Format: PDF/ePub/Mobi. Size: 6 MB. Chimera mobile phone utility crack. Pages: 336. Price: Free. ISBN: Download Rich Dad Poor Dad by Robert T.
Kiyosaki PDF FreeClick on the button given below to download PDF Rich Dad Poor Dad eBook by Robert T. You can also download.
Contents.Reception Praise and support Rich Dad Poor Dad has sold over 32 million copies in more than 51 languages across more than 109 countries, been on the New York Times bestsellers list for over six years, and received positive reviews from some critics. American talk show host and media mogul endorsed the book on her show. Another celebrity supporter is actor, who said he is teaching his son about financial responsibility by reading the book.
PBS Public Television station, aired a 55-minute presentation of Robert Kiyosaki titled 'A Guide to Wealth' in 2006 which essentially summarises his Rich Dad Poor Dad book. PBS also honoured Robert Kiyosaki with an excellence in education award in 2005. Did a literary collaboration with Kiyosaki in 2006 called and a second book called in 2011. American fashion entrepreneur and investor has called the book one of his favorites. American rapper made a song called 'Rich Dad Poor Dad' though it had no connection to the book.
Criticism , 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.' He also states, ' Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.' Kiyosaki provided a rebuttal to some of Reed's statements. Slate reviewer called the book full of nonsense, and said that Kiyosaki's claims were often vague, the narrative 'fablelike', and that much of the book was 'self-help ', noting the predictable common features of such books were present in Rich Dad, Poor Dad.
He also criticizes Kiyosaki's conclusions about Americans, American culture, and Kiyosaki's methods. Publishing success The book was originally self-published in 1997 before being picked up commercially to become a bestseller. It has since sold over 32 million copies and become a household name. In his audiobook Choose to be Rich, Kiyosaki said that every publisher turned him down, and refused to stock the book initially. He places his focus upon talk shows and radio show appearances, of which had the biggest influence on book sales. On April 2017 a 20th Anniversary edition of Rich Dad, Poor Dad was published and in a preface to this 20th Anniversary edition asserts that an estimated 40 million copies of the book had been sold worldwide.
References. ^ Walker, Rob. In, June 20, 2002. Retrieved 2017-07-30.
Retrieved 2017-07-30. Investor Junkie. Retrieved 24 January 2016. 24 September 2010. Retrieved 24 January 2016 – via YouTube. Retrieved 2017-07-30. Susanna Kim (Oct 12, 2012).
Retrieved 31 May 2014. Retrieved 31 May 2014.
Retrieved 31 May 2014. September 3, 2015. Retrieved 2015-09-03. Robert Kiyosaki. Retrieved 2011-12-01.
The Financial Express. Retrieved 24 January 2016. Choose to be Rich, Audiobook ASIN: B000CSXWXW.
Kiyosaki, Robert T. Rich Dad, Poor Dad. Plata Publishing. P. 7.Bibliography. Rich Dad Poor Dad: What the Rich Dad Teach Their Kids About Money That the Poor and Middle Class Do Not!, by Robert Kiyosaki and Sharon Lechter.
Warner Business Books, 2000.External links.
Few would argue with the fact that, on many fronts, we are a world in crisis. And there are two sides to every crisis, be it a leadership crisis, an economic crisis, an education crisis or a moral crisis. The two side to crisis are danger and opportunity.Robert Kiyosaki’s new book, Second Chancefor Your Money and Your Life, uses the lessons from the past and a brutal asse Few would argue with the fact that, on many fronts, we are a world in crisis. And there are two sides to every crisis, be it a leadership crisis, an economic crisis, an education crisis or a moral crisis. SECOND CHANCE is similar to some of the author’s prior books.
Like RICH DAD, POOR DAD, this book draws a lot of comparisons between the two main influences in his life—his well-educated dad, who followed the traditional academic route, or the street-wise dad who made a lot of money.The author quotes extensively from CASHFLOW QUADRANT. Most people do not truly understand the difference between assets and liabilities, nor do they understand the tax advantages to owning your own business: “Employe SECOND CHANCE is similar to some of the author’s prior books.
Like RICH DAD, POOR DAD, this book draws a lot of comparisons between the two main influences in his life—his well-educated dad, who followed the traditional academic route, or the street-wise dad who made a lot of money.The author quotes extensively from CASHFLOW QUADRANT. Most people do not truly understand the difference between assets and liabilities, nor do they understand the tax advantages to owning your own business: “Employees and self employed people work for money; business owner owners and investors work for assets.”The vast majority of people are not well educated, in a financial sense. Even though there’s lots of information out there, most people don't know how to use it: “Without financial education, a person cannot convert that information into knowledge.” Furthermore, Robert continues, the banking system is rigged against the middle class: “The money system is designed to keep people poor, not to make them rich. The monetary system is designed to keep people working hard for money.”The author bases his thinking on the writings of R.
Buckminster Fuller. Robert attended a philanthropic lecture by Dr Fuller in 1981.
He admits he did not go to this lecture for any altruistic purpose; instead, he really was out there to figure out how to get rich. He explains that “Bucky' was actually a boring speaker. So, instead of falling asleep sitting in the audience, he volunteered to work the camera. Then, as he was looking through the eyepiece, he had a vision: “A gentle wave of energy went through me. I could feel my heart open and I begin to cry. They weren't tears of sadness or pain, but tears of gratitude for this man's courage to do what he had been doing for years: guiding and teaching and looking into the future.”And so, the author embraced the teachings of Dr Fuller, and based his whole philosophy of life on his writings. In particular, Dr.
Fuller believed that the world is based on critical “generalized principles.' Fuller wrote that humanity is at a critical stage in the evolutionary process. Will humans embrace generosity, or will they become ensnared in greed?And so, the Rich Dad Company was founded on one of these generalized principles, discovered by the author: “The more people I serve, the more effective I become.” The author wants people to have another chance at money and life. Fuller, “The Great Spirit wants all humans to be rich.” Against those striving to succeed, the rich and powerful are scheming to steal the wealth of the middle class via the banking system.As in prior books, the author repeats his assertion that America is on the brink of a huge financial catastrophe; a giant crash will occur around 2016, and so he cautions about investments in stocks, bonds, mutual funds, and savings. “I'd be very suspicious of anything that's printed on paper. “The author wraps up SECOND CHANCE with these three questions.1.
Rather than look for a job, look for problems that need solving.2. Rather than work hard for money, work hard to serve more people.3. Rather than ask god for help, find ways you can help god.The author speaks at length about the imminent collapse of the financial system; however, his reasoning seems weak at times. For example, when discussing laws passed by one recent president, he admits that he is using “a rumor” about him. Then, he concludfes that this new law “virtually guaranteed the bankruptcy of the United States.” Similarly, in many places, the author quotes extensively from Wikipedia, as though an internet website is a definitive reference.Nevertheless, SECOND CHANCE is a fascinating book, covering a lot more than just investment advice. The first part of the book reads very much like an autobiography. Robert explains his philosophy, and his spiritual approach to life.
The last two parts of SECOND CHANCE present advice similar to the CASHFLOW QUADARANT. One very interesting tidbit of information is that RICH DAD, POOR DAD actually began as a brochure for marketing the CASHFLOW game. Robert Kiyosaki is at it once again, giving great advice in an infuriatingly cryptic manner. This book(and most of the Rich Dad books) is great in telling you that ultimately you need to own your own company and understand investing, but offers very little actionable steps. I actually love the message, though, I just wish for once that he could quit talking in riddles.
I'd sign up for coaching, but I'm terrified that I'd be like 'so what's the next step to buy this 16 unit apartment building?' A Robert Kiyosaki is at it once again, giving great advice in an infuriatingly cryptic manner. This book(and most of the Rich Dad books) is great in telling you that ultimately you need to own your own company and understand investing, but offers very little actionable steps. I actually love the message, though, I just wish for once that he could quit talking in riddles. I'd sign up for coaching, but I'm terrified that I'd be like 'so what's the next step to buy this 16 unit apartment building?' And the Rich Dad coach would be like 'I don't know. What is the next step in building your spirit into the kind that knows how to acquire 16 unit apartment buildings?'
'Goddammit I paid $2,500 for this goddam coaching program'. Dad made me read this book, and i am very happy that i did. This was a very quick read that gave me a lot. I received a lot of knowledge by reading this book. It was also very easy to read. Understanding the world of money can be very hard, but he makes it understandable.
This is knowledge i know i will need, and that i will use in my life, and so this is a great book for everyone to read. It makes you think, and see the different sides of things.This book was easy to read. It opened my eyes to Dad made me read this book, and i am very happy that i did. This was a very quick read that gave me a lot. I received a lot of knowledge by reading this book. It was also very easy to read.
Understanding the world of money can be very hard, but he makes it understandable. This is knowledge i know i will need, and that i will use in my life, and so this is a great book for everyone to read. It makes you think, and see the different sides of things.This book was easy to read. It opened my eyes to a whole new world, and made me see the invisible.
It was very insightful, and i am very glad i took the time to read it. Definitely worth it. Although I would not follow about 95% of his advice, I usually enjoy reading Robert Kiyosaki's books. I usually enjoy the different perspective he has, and he writes in an entertaining way.This book, however, is simply a rehash of his previous books, an ad for his other products (including his previous books), and a personal memoir that borders narcissism.
There is very little substance that the reader can learn or use.The best money advice I could give would be to avoid buying this book, so y Although I would not follow about 95% of his advice, I usually enjoy reading Robert Kiyosaki's books. I usually enjoy the different perspective he has, and he writes in an entertaining way.This book, however, is simply a rehash of his previous books, an ad for his other products (including his previous books), and a personal memoir that borders narcissism. There is very little substance that the reader can learn or use.The best money advice I could give would be to avoid buying this book, so you'll be $17.95 ahead. Don't waste your time by checking it out from the library like I did, either. Your time could be used for something much more worthwhile.
This is the second book of Robert Kiyosaki's which I've read, the first being Rich Dad, Poor Dad, which I'd highly recommend. Second Chance covers a variety of topics, including personal finance, investing, and economics. The basis of Kiyosaki's chapters come from his fascination with the late R. Buckminister Fuller and his words of wisdom throughout his life.I found the first half of the book to be filled with more useful information than the second, largely because the author reiterates his po This is the second book of Robert Kiyosaki's which I've read, the first being Rich Dad, Poor Dad, which I'd highly recommend.
Fertile ground ? remixed zip. Second Chance covers a variety of topics, including personal finance, investing, and economics. The basis of Kiyosaki's chapters come from his fascination with the late R.
Buckminister Fuller and his words of wisdom throughout his life.I found the first half of the book to be filled with more useful information than the second, largely because the author reiterates his points again towards the end. Regardless, I found myself leaving more than 40 tags on pages, so that I could reference their importance later on.Overall, I found it to be a great read, largely because the author had many charts and graphs to further illustrate his points throughout the book. Moreover, I feel better prepared to discuss not only personal finance, but also economics in front of an audience after reading this.What follows below are snippets of information which I found to be useful and hopefully are equally as useful for you:Knowledge is the new money.Courage comes from the French word, 'le coeur', the heart.Buckminster Fuller's generalized principals: 'The more people I serve, the more effective I become'Today we live in the Information Age - and information is abundant and often free. Before the Civil War in America, it was against thee law in many states to teach slaves to read and write. Knowledge is the most powerful force on early. Information x Education = Knowledge.MoneyWealth is stolen via our money:TaxesThe value of your labor is stolen via taxesInflationPrices rise when governments print money. As prices rise, people work harder, only to pay more in taxes and inflation.Inflation is good for debtors and bad for savers, which is why savers are losers.The fractional reserve system is used by banks.
A saver puts $1 in the bank under their savings account. The bank is allowed to lend $10, against the $1 to borrowers. This is another form of 'printing money' which is not only inflationary, but also reduces the purchasing power of the saver's money. This is often why you hear 'savers are losers.' Make your money work for you.If the government is promising to save you, you've probably already lost. (In terms of social security, healthcare, and new spending agreements)When money is printed - by banks or governments - two things happen: inflation kicks in and taxes go up.There are two types of rich: One type is people with high-paying jobs, such as corporate executives, professionals, and celebrities. They are high income rich.
The other type of rich is the person who deos not need a job - most of these people are asset rich.In 2014, there are approximately 115 million households in the united states, with 43 million as renters, and 25 million are households or families who own their home, free and clear. Of the approximately 50 mil. Households with mortgages, over 24 million are 'underwater', where they owe more on their home than it is worth.In the world of retirement funds, there are two basic types:DB - Defiend Benefit PlanRetiree is guaranteed a paycheck for lifeDC - Defined Contribution PlanRetiree receives only what he or she and their company 'contributed' while the worker was employed. Ex: 401k, IRA,Students & the new generationThe new generation is in college and trade school, and they cannot find jobs, or jobs that utilize their level of education.Many of these young people are boomerang kids, kids who leave home, only to return to live with mom and dad. This makes many moms and dads, the sandwich generation, people whoa re now caring for their kids and their parents.The Great Depression and financial crisisThe Great Depression, when measured against the Dow, lasted 25 years, from 1929 to 1954. In 1929 the Dow hit an all-time high of 381. It took 25 years for it to reach 381 again.America is attempting to print its way out of the financial crisis.In 1971 President Nixon took the dollar off the gold standard.
The poor lost because the money they worked for became worth less and less. When they earned more money, they paid higher taxes.As the money they work for loses value, prices keep going up. The harder the poor work, the further they fall behind.Unfortunately, even if the minimum wage is increased, the poor will continue to be poor because they work for money that is no longer money.Mind Mapping, as a method of learningMind Mapping uses color and sketches, rather than words to organize and prioritize thoughts. Using very few words forces the participant to put words and thoughts into pictures, which intensifies the learning and discussion process.EducationJohn Taylor Gotto - Dumbing Us DownIn 1903 John D. Rockefeller created the General Education Board. Around the same time another of the Robber barons, Andrew Carnegie, promoted his foundation for the Advancement of Teaching, to influence the American education agenda, directing what children were taught in school.G. Edward Griffin - The Creature from Jekyll IslandThe concept of the U.S.
Federal Reserve Bank was created in secrecy on Jekyll Island, Georgia.(NPR also had a fantastic episode of Planet Money on the subject).Let me issue and control a nation's money and I care not who writes the rules - Amschel RothschildA coin has three sides: Heads, talks, and the edge. Intelligent people stay on the edge and look at both sides. Most disappointing book I've ever read! I was a big fan of Kiyosaki after reading 'Rich Dad Poor Dad'.
Although being a fake story it made me understand a lot of things and have a better understanding of the financial world.But this book? He repeats himself a lot. But not just sentences. He repeats paragraphs. Repeats non-sense graphs over and over just to make to book look bigger.It's writing in a Q&A format, but a lot of times he asks himself good questions but misses the point compl Most disappointing book I've ever read!
I was a big fan of Kiyosaki after reading 'Rich Dad Poor Dad'. Although being a fake story it made me understand a lot of things and have a better understanding of the financial world.But this book? He repeats himself a lot.
But not just sentences. He repeats paragraphs. Repeats non-sense graphs over and over just to make to book look bigger.It's writing in a Q&A format, but a lot of times he asks himself good questions but misses the point completely.He's advertising CASHFLOW game ALL THE TIME! It just made me unsubscribe for the Rich Dad Comunity. A guy that is so financially stable doesn't need this hardcore promotion.Most of the book is about Dr. Richard Buckminster Fuller. If I wanted to read his stuff I would read it directly.
Then in the middle of the book he introduces a few more authors and starts explaining their ideias instead of his.A lot of the stuff he writings rings fake to me, but that's just my intuition. It doesn't look legit.
Rich Dad Poor Dad Pdf Drive
And he brags all the time.If you look at Kiyosaki's work you will see that he wrote a lot. And this book was made increase his book count. Because it looks like he didn't even proofread it. Think for a moment. Why does he have his own publishing company?
Because others wouldn't even think of publishing this.I know Robert is capable of much more. In this book you can see he is getting lazy, and a bit disconnected from the real world, specially from it's readers. I kept reading due to the respect I had for this man, but I regretted it each session. Here we can clearly see that he's looking for the money and keep his publishing schedule on fleek.If you loved Rich Dad Poor Dad please dont read this. It's a waste of time that you could be using to re-read RDPD, or actually working on your job.
You'll learn nothing new in here. Like the two sided coin Kiyosaki keeps talking about this book on one side is very depressing, yet on the other side everyone can be rich. He spends a good 150 pages talking about how our government has royally screwed the middle class and how the stock market/our financial world will collapse in 2016 (if we last that long).
Then he spends the next 150 pages telling us that we can if we only try we can win over the system and make money to become a rich person if we only change ourselves.Maybe Like the two sided coin Kiyosaki keeps talking about this book on one side is very depressing, yet on the other side everyone can be rich. He spends a good 150 pages talking about how our government has royally screwed the middle class and how the stock market/our financial world will collapse in 2016 (if we last that long).
Then he spends the next 150 pages telling us that we can if we only try we can win over the system and make money to become a rich person if we only change ourselves.Maybe I am too much from Abnegation(see Divergent) but I like living a simple life. Do I wish that I could get paid more for what I do, yes(so sue me). I'm no longer going to complain about being an public employee, I love serving the 700 kids I get to see every week.
I love my job sharing books and literature with them. I love seeing all the wonderful potential bursting from them. So what if I can't drive a fancy car or live in a fancy house. What this man might not understand is that not everyone needs a million dollars to feel like the richest person in the world!One more thing if you are a teacher you will hate this book, because he rants on and on about the quality of education. Maybe he should focus on the fact that Teachers don't get to decide what or how they teach in today's society. But that is another soap box. Financial literacy is important, but.This is the second and last book I will read by Kiyosaki.
I agree with him very much that most people are illiterate about personal finance and they don't understand the difference between assets and liabilities. Up until about five years ago I was financially illiterate. So in that regard, a reading one of his books is worth it.But I'm sick of rich people and successful entrepreneurs looking down on people who work for a paycheck and don't spend their tim Financial literacy is important, but.This is the second and last book I will read by Kiyosaki. I agree with him very much that most people are illiterate about personal finance and they don't understand the difference between assets and liabilities. Up until about five years ago I was financially illiterate.
So in that regard, a reading one of his books is worth it.But I'm sick of rich people and successful entrepreneurs looking down on people who work for a paycheck and don't spend their time figuring out how to amass wealth off the labor and consumption of other people.Kiyosaki aquires rental properties and rents out to people who actually work for a living. But at the same time, his books put down the kind of working people he rents his properties to.He like so many other rich people is obsessed with wealth accumulation. If he's so rich why does he constantly need to get richer?
Why does he think everyone has to find ways to make money off other people?This will be my last book I read by him because his advice is preachy and arrogant. We don't need a world based on greed and wealth accumulation. We need a world where people can work and have their basic needs met. Personal wealth should not depend on exploiting the labor and consumption of other people. I read this book at a recommendation from a young man I had an interesting conversation about economic equality with. I found the book to be a rambling, repetitive mess. It would have benefited greatly from an editor.
Much of the talk about the economy was either wrong or misleading. It couldn't decide whether it was a self-help book, a pop heterodox economics tract, an autobiography, or something else entirely.
It worked heavily on the assumption of the reader being familiar with the author's p I read this book at a recommendation from a young man I had an interesting conversation about economic equality with. I found the book to be a rambling, repetitive mess. It would have benefited greatly from an editor. Much of the talk about the economy was either wrong or misleading. It couldn't decide whether it was a self-help book, a pop heterodox economics tract, an autobiography, or something else entirely. It worked heavily on the assumption of the reader being familiar with the author's previous works.That said, it was a very quick and easy read (inhaled mostly over one otherwise nice weekend), partially because it contained no challenging ideas, but also because despite the rambling unstructured way, the author manages to keep the text readable.
It also contained many good references, in particular to the works of R. Buckminster Fuller, which are a nice basis for conversation, even when wildly acontextual. This book contains every major economic crisis that happened around the world. Not only did he exploited the world of derivatives, but he also explains the each factors that involved in the Hamburger Crisis in 2007! I never knew that the Great Depression in 1929 took an effect for the next 25 years! The unemployment rate included only the ones who are still looking for work, so the real numbers might be larger for 2x or even 3x!
The concept of 'Hot Money' which flows from Japan (1991), Asian Tig This book contains every major economic crisis that happened around the world. Not only did he exploited the world of derivatives, but he also explains the each factors that involved in the Hamburger Crisis in 2007! I never knew that the Great Depression in 1929 took an effect for the next 25 years! The unemployment rate included only the ones who are still looking for work, so the real numbers might be larger for 2x or even 3x!
The concept of 'Hot Money' which flows from Japan (1991), Asian Tigers (1997), Subprime (2007), and the Mediterranean countries (2010)! Today money does not make the world go round, but debt is. It has everything all linked together from mentally, emotionally, physically, and most important Spiritually! Eye opening, clear and informative. This book is written in a friendly language while treading dirty waters. If you want to understand things money related this book should be in your basket. It's easy to read and explains things in a simple language.
If you weren't trained to look for money opportunities and don't understand how financial instutions work, some concepts will appear false to you at first. Stick with it and you'll understand things better. The book exposes a financial reality that Eye opening, clear and informative. This book is written in a friendly language while treading dirty waters. If you want to understand things money related this book should be in your basket. It's easy to read and explains things in a simple language.
If you weren't trained to look for money opportunities and don't understand how financial instutions work, some concepts will appear false to you at first. Stick with it and you'll understand things better. The book exposes a financial reality that is hidden and that's why it is a your gateway to the other side. This was a very good book. I learned more for under $10 than I did paying over $55,00 for higher education. It's shameful and painful how much vital information is left out in traditional education.
This book provides so much insight on how our government and banks work together to keep us right where we are. That's why so few people are rich.
We haven't been taught the tricks and trades of the game. That's all the economy is. A big monopoly game. Even if we never become rich, we need to learn h This was a very good book. I learned more for under $10 than I did paying over $55,00 for higher education. It's shameful and painful how much vital information is left out in traditional education. This book provides so much insight on how our government and banks work together to keep us right where we are.
That's why so few people are rich. We haven't been taught the tricks and trades of the game. That's all the economy is. A big monopoly game. Even if we never become rich, we need to learn how to think like them in order to gain a second chance in life.
Kiyosaki's Second ChanceBookMattic's Rating 4/5Goodreads' Rating: 3.69/5Some light shines on many reasons why the world is in debt and the fact that the education system does not educate our children in the world of finance or how to use our money properly. Many people are well educated with their Masters or Doctorate degree but unfortunately it doesn't mean that they know how to successfully use their money to become financially free.This book is split into three parts. The first whic Robert T. Kiyosaki's Second ChanceBookMattic's Rating 4/5Goodreads' Rating: 3.69/5Some light shines on many reasons why the world is in debt and the fact that the education system does not educate our children in the world of finance or how to use our money properly. Many people are well educated with their Masters or Doctorate degree but unfortunately it doesn't mean that they know how to successfully use their money to become financially free.This book is split into three parts. The first which is 'the past' which explains how our world has got itself into financial debt and how the traditional education system is flawed.
There are several graphs that show national debt, food stamp growth, inflation and several other visual aids that help us to actually see the problem rather than just reading it. A picture is worth a thousand words. There are facts about presidents past and present.
The first half of this book is more so informational than a guide to helping you get rich like the rest of the book. It is useful information. Some people might not find this information useful but nonetheless all knowledge is worth having. In order to become successful we need to know about 'the past' in order to not make the same mistakes.The second part of the book is 'the present' which is the smallest part but the most useful since it gives you some tools to set you in the right direction to financial success.
There are even parts of 'the present' where you have to physically write things down about your financial goals which really help to realize your goals. According to the book around 80% of what we learn comes from taking action. Around 10% comes from reading. One part of becoming a rich person is to change the vocabulary you use. Start to speak like a rich person. Robert Kiyosaki suggests that if we say 'I am rich' and we believe it then we will make it happen.
If we say 'I can't afford it' or 'I'm poor' we'll most likely always be that way. He gives some great examples in 'the present' as well as the other parts of the book of how he has implemented these tools and way of thinking in his life.The last part of the book is titled 'the future' and like the second part I found it to be very useful in setting myself in the right direction. It tells you the opposite of what most people think is the normal way of making money. One of the reasons why the richest people are in the top 1% is because the rich don't work for money.
They make money work for them. They find assets that will create cash flow and with that cash flow comes an endless waterfall of income. A lesson that we can learn from this part is that we need to look at both sides of the coin and sometimes sit on the edge meaning that don't just follow along with the norm, be knowledgeable, but be generalists. Being a generalist is to know a little bit about everything. A person who knows a lot about a little is called a specialist which is usually the person who ends up working for a generalist.Second Chance is more of a mind opener than a 'how to'. There are many explanations about why we should focus on the 'why' we want to make more money and not the 'how'. Focusing on the 'how' will just slow you down.
I definitely recommend reading this book to help you start on your way to getting rich. Don't be a slave to money any longer. Let all the money do the work for you. How did we get into the current economic mess? And how can we get out of it? Robert T Kiyosaki, author of Rich Dad, Poor Dad, tries to answer both questions in his new book, Second Chance: For Your Monet, Your Life, And Our World.
The book is divided in three parts: Past, Present, and Future. In the first part, the author explains what he believes to be the causes of the present crisis. He mentions the laws passed in the United States that are having a disastrous effect on the economy, and expla How did we get into the current economic mess?
And how can we get out of it? Robert T Kiyosaki, author of Rich Dad, Poor Dad, tries to answer both questions in his new book, Second Chance: For Your Monet, Your Life, And Our World. The book is divided in three parts: Past, Present, and Future. In the first part, the author explains what he believes to be the causes of the present crisis. He mentions the laws passed in the United States that are having a disastrous effect on the economy, and explains how the banking and monetary systems are rigged against the working and middle classes, and, most important of all, how lack of financial education in school is keeping the vast majority of people poor by preventing them from making smart financial choices. He also warns us that there's gonna be another big crash in 2016, so, if you put your money in the stock market, be careful.
I admit sometimes his theories are weak (the author relies too much on Wikipedia as a source), but his advice to invest a part of your money at least in the primary and secondary (real estate, primary resources, gold, and your own business) rather than tertiary (financial market) sources of wealth makes a lot of sense.The second part is the shortest. It explains what is happening at the moment. Finally, the third and last part provides some solutions for the present crisis. These solutions are drawn from Kiyosaki's personal experience, the advice from his rich dad (some of which overlaps what he wrote in his first book) and R. Buckminster Fuller. Fuller believed that humanity is at a critical stage in the evolutionary process. To survive, we must choose generosity over greediness.
'The Great Spirit wants all humans to be rich,' he said. Some of the tips the author provides in this section can seem too risky and insane to some people, but they work. Kikoysaki explains how the right kind of debt can make you rich, how living below your means only keeps you poor (instead, you should look for ways to expand your income), and urges us, rather than look for a job, to look for problems that need solving and find ways to serve as many people as possible.
He also believes we should stop asking God for help, and start looking for ways to help God help us. In other words, he's telling us how the rich are making their money.
You know the saying. If you can't beat them, join them.My only problem with the book is that it's too short. It just skims the surface of the problem and solution, rather than examining the topics in-depth. Kiyosaki has a knack for explaining complicated financial concepts in an easy to understand manner, but I think this time he oversimplified a bit too much. Having said, I highly recommend this book to everyone who wants to improve his/her financial situation. It will help you change your mindset about money and find ways to make money work for you, rather than the other way around. Are we in a position to take care of our financial economy in the future?
Are the professionals who we have trusted to do it actually helping or hindering us? The general answer is quite shocking yet the solution might be a bit more difficult. You need to prepare to be more involved.Here the author takes a long and brutal look at the financial world, which seems to be in an almost permanent crisis somewhere or another, with the conclusion that the problems cannot be solved by those who have crea Are we in a position to take care of our financial economy in the future? Are the professionals who we have trusted to do it actually helping or hindering us? The general answer is quite shocking yet the solution might be a bit more difficult.
You need to prepare to be more involved.Here the author takes a long and brutal look at the financial world, which seems to be in an almost permanent crisis somewhere or another, with the conclusion that the problems cannot be solved by those who have created them.We are involved in the greatest evolutionary event in human history, the author argues, with the Industrial Age over and the Information Age continues to accelerate. Few people seem to understand the dangers of the crises around us and the author seeks to give his answers to the solution.The author had self-published a book warning about financial matters in 1997 since every publisher turned it down, claiming that it was unrealistic, denying point-blank the author’s central claims that your house is not an asset, savers are losers and the rich don't work for money.
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Yet ten years later the subprime mortgage crisis hit and millions of homeowners found out—first hand—that their house was not an asset. One year later the U.S. Government and Federal Reserve started printing trillions of dollars, forcing millions of savers to be losers through the loss of purchasing power due to inflation, higher taxes, and low interest rates on their savings.
Many of the once-rich lost heavily when their stock holdings tanked too.Whilst this was a good book, it didn’t feel as if it was a great book! Maybe the author’s editors need a “second chance” too. The book took far too long to warm up and throughout it seemed to have a difficulty holding a true focus on a very serious subject and often crashes into defocussed verbosity.
This is a shame as it can then edge into “boring” territory and quite important messages are being lost in the weeds. Maybe if this book was cut in half, tightly-edited and brought into pin-prick focus it would be a much better book. This is a clear case where more is not better.One of the book’s saving grace is its very low price – a couple of takeaway coffees – but even so it might require a greater amount of focus and reader dedication than you would be prepared to give it. This is a shame as the book deserves wider currency and can form a great additional data point for your future strategy.Second Chance: For Your Money, Your Life and Our World, written by Robert T. Kiyosaki and published by Plata Publishing.
ISBN 460, 400 pages. I've read a handful of financial and business related books over the last few years, and this is one of my favorites. Kiyosaki definitely has a way of presenting his philosophy that comes across as down to earth and relatable. In this book he presents plenty of the concepts from his previous books, especially the.Rich Dad, Poor Dad. book.
I actually enjoyed that aspect of the book, and it didn't come across as a sales pitch to read his other books, like it does in some other books (Pamela Yelle I've read a handful of financial and business related books over the last few years, and this is one of my favorites. Kiyosaki definitely has a way of presenting his philosophy that comes across as down to earth and relatable. In this book he presents plenty of the concepts from his previous books, especially the.Rich Dad, Poor Dad. book. I actually enjoyed that aspect of the book, and it didn't come across as a sales pitch to read his other books, like it does in some other books (Pamela Yellen). However, I was not a fan of the “Bucky” Fuller quotes and references that seem to permeate every chapter.
I do think that Dr. Fuller had an interesting way of viewing events, but I did not relate to him at all. Although you can't argue with his pedigree - his list of accomplishments was overwhelming to say the least. Kiyosaki does a great job of presenting the problem with our modern world today (lack of financial education) and then proceeds to outline a very thorough plan for overcoming the problem and reaching the goal of financial independence. Those with a curious mind and a willing spirit will definitely walk away from the book with a strong desire to act, and a plan to act upon.
'Rich Dad, Poor Dad' is an allegorical story about Robert Kiyosaki and his two dads, and how growing up with them shaped his financial views. The 'rich dad' is Kiyosaki's biological father, a highly educated college professor.
The 'poor dad' is Kiyosaki's best friend's father, a wealthy entrepreneur who owns dozens of businesses. Both dads offer conflicting advice on money. Poor Dad mentality'Poor dad' believes that one should work for money as a single-salaried employee at a stable job, and that a person's wealth largely depends on their family background. He believes that the most important things you can do to financially survive (or accumulate wealth) is to read and learn from successful people.
Many people think this mentality can trap a person into working a job they don't love, but is willing to stick with because they have to pay the bills. Rich Dad mentality'Rich dad' advises Kiyosaki to get a job so he can learn the skills required to be an entrepreneur. Wealth comes from experience-based learning and multiple income streams. When the 'poor dad' encourages working your way up the ladder, 'rich dad' laughs and says, 'Why not own the ladder?' While the advice in 'Rich Dad, Poor Dad' — and from Kiyosaki himself — have, the book does offer a handful of power lessons that can be useful to anyone looking broaden their views on money.Related video: This book can make you rich, say self-made millionaires.
Here are some essential takeaways: 1. The rich buy assets, not liabilitiesAn asset is anything that puts money into your pocket, like a bond or house (that you purchase and then rent out to other people). A liability is anything that costs you money because it loses value over time, like an expensive car or television set. It's important to be able to distinguish the two. 'The rich buy assets. The poor only have expenses. The middle class buy liabilities they think are assets,' writes Kiyosaki.
Financial literacy can only be learned through experienceThe well-educated 'poor dad' says, 'Studying hard and getting good grades is the only way to secure a good job at a big company with excellent benefits. But the 'rich dad' says that the most important goal is to learn how money works so you can make it work for you. To be financially smart, Kiyosaki says you must master accounting, investing, markets and the law.
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The more you broaden your skills, the more successful you'll be. Learn to sellIn the book, a woman with a master's degree in English literature asks Kiyosaki how she can become a best-selling author. He tells her to enroll in a sales-training course. Shocked by his answer, she says, 'You aren't serious, are you.'
Kiyosaki picks up a book on the coffee table and says, 'There's a reason successful books say 'best- selling author,' not 'best- writing author.' ' Selling is a crucial skill if you want to be rich, he explains.
Get out of your comfort zone, practice selling and network. If you don't, you'll never be able to run your own business.
Fear and self-doubt are your greatest barriers to successThe primary difference between the rich and the poor is how they manage fear. 'Poor dad' keeps it safe and avoids risks.
This perspective can be costly in the long-run. 'Often in the real world, it's not the smart who get ahead, but the bold,' says 'rich dad.' Always think in terms of opportunitiesThe 'rich dad' forbids his kids from saying, 'I can't afford it.'
Instead, he tells them to say, ' How can I afford it?' The first phrase shuts down a person's brain, and they no longer have to think. The second one opens up 'possibilities, excitement and dreams.' It forces the brain to search for answers. Kiyosaki learns that the 'primary reason the majority of the poor and middle class are fiscally conservative—which means, 'I can't afford to take risks'—is that they have no financial foundation.' Dave Schools is a freelance editor and brand storyteller. He is the founding editor of, a top-50 Medium publication, and the co-founder of Party Qs app.
His work has appeared in Axios, Inc., Smashing Magazine, The Next Web, Business Insider, Quartz and Crunchbase.
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