Rich Dad's Retire Young, Retire Rich by Robert T. Kiyosaki, Sharon L. Lechter Summary and Reviews
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Book Reviews of Rich Dad's Retire Young, Retire Rich
Book Review: More great ideas, more great context - huge value for money
Summary: 5 Stars
This fourth book in the main series follows through the logical progression from 'taking care of your business' to retiring and doing what you want to do full time. Some people in the UK may find Robert Kiyosaki's American enthusiasm and repetitive writing style a bit hard to take - just stick with it and realise that making money is something that Americans do better then us! Others may say that you 'can't do those things here' - may I suggest to them that they need new advisors as I have not had any problems in implementing these ideas. I would read 'Rich Dad Poor Dad' and 'Cashflow Quadrant' before this book - could be a bit much at once otherwise.The big gain from this, as with all the books, is the sense of challenge and attitude that comes across. Combined with the specific ideas for action and areas to think about Robert is able to lead you towards acheiving your financial goals, whatever they are.
Retiring before 45 is a dream that most us share, but few think is possible. I would rate these four books as being of equal value in helping me to be on track to reach this goal (despite having started at 31 years old), as my MBA. The MBA tells me how, Rich Dad helps me think of why, when and what.
The true value of these books is really demonstrated by their life expectancy on my book shelf at home. I have leant a number of copies of Rich Dad Poor Dad to friends and family, none of which have ever been returned! Since then my sister is now starting her own company and writing a book and friends have made some very profitable moves into property investment. None of these people, including myself, talked about such things before reading Robert's books.
Buy this book. Read it. then hide it and re-read it every few months - if you don't you will probably find that it disappears and those close to you start to have more money in their pockets!
A real delight.
Book Review: This book could change your life..
Summary: 4 Stars
You only need to look at the number of reviews (positive and negative) for this book and others in the rich dad series to see that is considerable interest in the Mr Kiyosaki themes. I don`t want to repeat these reviews again since many of them have already given a very clear picture of what you will get out of this book. However, I wish I had read this book when I was younger and my life might have been different. I am not saying that I would have become an overnight entrepreneur but this book has made me look differently at money and possesions. I now realise the things that I thought were important, i.e. working my way up the career ladder and buying houses, cars..Etc are in many ways the things that are really dragging me down and stopping me from becoming financially independent. I am now actively pursuing ways of generating passive income as Mr Kiyosaki suggests. This realisation alone is more than worth £10 or so that you spend on the book. The book is highly motivating and using the great (if doubtful) story of his two dads, Mr Kiyosaki really convinces you that you can be rich if you just wish hard enough. But if you are already convinced of the need to generate passive income then there is little use in buying this book. There is little in the way of specific information on how to generate cashflow. The anecdotes that are provided relate only to specific situations that would not work again in a million years. For more hard information the reader is only referred to other books in the series. I have not read the other books but I have a feeling however that the law of diminishing returns operate here and that you could buy the whole series but not really be much further forward. Clearly there is no easy and risk free method to becoming rich.
Book Review: Mr Richdad did it again!
Summary: 5 Stars
Whoever coined the phrase "life is short" certainly knew what the where talking about. Retire Young, Retire Rich is exactly the right *attitude* and *Mindset* required to get out of the rat raise and the vicious circle of being broke. The book is well written, tailored to both experienced and begginers. There is something for everybody. gil@cashflowclub.co.ukBook Review: Good advice
Summary: 4 Stars
Kiyosaki's inspirational, easy-to-read books are written to excite the reader about available financial opportunities. And they do excite the reader. It is easy to get caught up in the author's enthusiasm. The generalizations are great and allow the reader to dream, but more details are needed. In this recent book, Kiyosaki stresses the need to protect your assets. He spends an entire chapter (17) on how stock options can, and in his opinion, should be used by all investors to gain that protection. His discussion was convincing, but again, there were not enough details. I recommend THE SHORT BOOK ON OPTIONS to learn those details. The reader would then be in position to follow Mr. Kiyosaki's good investment protecting advice.Book Review: Follow the principles, not the author
Summary: 4 Stars
Okay, so it looks like Robert Kiyosaki isn't exactly what he claims to be, but frankly I don't think that in any way detracts from the approach to money taken by this book. If you've ever felt that you're just not the kind of person that gets rich, this book will blow you out of the water. In VERY clear and extremely basic terms it shows readers a different way of evaluating financial value that even escapes the so called professionals in finance and investing. If you are worried about providing for yourself or your family but don't know where to begin I'd say this, together with "The Richest Man in Babylon" by George S. Clason, is the best foundation for financial education you could hope to find.