Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming... and How You Can Prepare Yourself and Profit from It!
Author: Robert T./Lechter Kiyosaki, Robert T. Kiyosaki, Sharon L. Lechter
List Price: $21.95
Our Price: Click to see the latest and low price
ISBN: 0446530867
Publisher: Warner Books (09 October, 2002)
Sales Rank: 7,457
Average Customer Rating: 3.39 out of 5
Customer Reviews
Rating: 3 out of 5
Good information, but painfully repetitive.
How do you rate a book that has some excellent advice, but 90% of the text is redundant filler? I chose three stars because even one good idea is worth a few hours of your time. I think I would have enjoyed the audio CD more because it's probably more condensed.The book warns of many financial obstacles, but has little in the way of strategies to avoid them.
Here. . . I'll save you some time:
The stock market is going to crash around 2016 because of a law called ERISA, so prepare yourself accordingly.
You can make money in up and down markets if you know what to do.
Don't trust your money to mutual fund managers.
Buy, hold, and diversify is not the great strategy you think it is.
Educate yourself financially, but if you don't, stick with buy, hold, and diversify.
Real estate is a better investment for many because you can control it more readily.
There. . . now you don't have to read the book. That'll be twelve dollars.
Rating: 5 out of 5
Prophecy: Timely and Scary for Majority of Baby Boomers
I did not expect to get much out of this book. I expected the usual litany of admonitions and suggestions available in hundreds of articles and basic books on finance for the masses. Despite that low expectation, the first chapter had me hooked.With an aging population, turmoil in the stock markets, and lack of knowledge about how much money is needed for retirement, author Robert Kiyosaki gives specifics to support his theory about predictable problems facing those who hope to retire.
The book won't appeal to people who are satisfied with their current job and have no plans to change in the future. But for those who care about government policy and how these policies and demographics are impacting our society, the book is eye-opening as well as easy-to read.
The "rich dad, poor dad" vehicle gets old but is stiff an effective and sometimes entertaining vehicle for conveying information.
Rating: 5 out of 5
Another part of the Rich Dad Poor Dad
Robert Kiyosaki always has a great style of writing. His books are always easy to read. (Just a detail: I enjoyed this book taking sun-baths around the pool in the Royal Paradise hotel in Sharm al-Shekh, Egypt.) If you haven't read any of Robert Kiyosaki's books, this is probably the best one to get. While he says you need to have a "financial education", the money you spend on this book couldn't be spent better. Rich Dad's Prophecy is most certainly a must read book for anyone who has money invested. No one is safe, although only knowledge not fear is the key to investing. So, I highly recommend Rich Dad's Prophecy for anyone who plans on retiring in the next 20 years. I also recommend Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! Similar Products
Rich Dad's Retire Young, Retire Rich
Cashflow Quadrant: Rich Dad's Guide to Financial Freedom
Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!
Real Estate Riches: How to Become Rich Using Your Banker's Money
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