The tenth book in the series provides firsthand accounts of the author's startup companies, what he learned from his successes and failures, and other topics a reader needs to know in order to start a company and quickly develop it.
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Book Description
Editorial Reviews
From Publishers Weekly
In this follow-up to his bestselling Rich Dad Poor Dad, Kiyosaki offers little substance and much fluff, forcing readers to wade through business cliches and unattributed statistics in order to find the few rough nuggets of entrepreneurial wisdom that make this book worth the asking price. Fear, Kiyosaki writes, is what separates employees from entrepreneurs. The latter are employees who have faced down their fears about job security and drawing their next paycheck and are willing to fail in order to be free. Kiyosaki's other maxims are decidedly less striking. Lesson 8, "What Is the Job of the Business Leader?", depends upon a triangular "team-leadership-mission" diagram that is an amalgam of current business book gimmickry. The same is true of Lesson 6, "The Three Kinds of Money"-spiritual, competitive, cooperative-which offers nothing that hasn't appeared in other business titles. He states in Chapter 1 that statistics show 90 percent of all new businesses fail within five years, a questionable figure that appears to contradict U.S. Census and Small Business Administration statistics. (Kiyosaki also neglects to mention that many small businesses that close are successful at closure.) Largely due to Kiyosaki's bombastic style, this is an inspiring read, but it bears about as much resemblance to actual entrepreneurship as steamy romance novels do to actual relationships.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
About the Author
Born and bred in Hawaii Robert Kiyosaki co- founded an international education company that operated in 7 countries, teaching business to tens of thousands of graduates. Sharon Lechter is a wife, mother, accountant, consultant to the toy and publishing industries and a business owner.
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Questions from Readers for Robert T. Kiyosaki
Q
It is an honor to have the opportunity to pose a question to you. I am an American attorney based permanently in Bangkok. I have a reasonable income but continue to occupy the wrong quadrant. My question: Foreigners (who are not married to Thai...
Mari-O
asked
Nov 20, 2011
Hello and thank you for the question, I want to start off by saying that this is your life, your money and your decision. Asking for advice is good, but you must do your own research and ultimately make the decision. While one great advantage for real estate in the US is the 1031 exchange, it is certainly not the only advantage. Real estate generally has many tax and legal advantages. It also has the ability for one to take on great debt, have someone else (your tenants) pay off your debt while you keep the asset. I do not know the taxes or laws in Bangkok, but I would take the time to get educated about them to know if investing there is good for you. The idea of your turning over your hard earned money and giving it to someone else is the mindset that has eroded our society. It is a lazy mindset and one that refuses to take responsibility. If you do not know what to due with your money, then find out! Look at the four assets (commodities, paper, real estate and business) find out what interest you, get educated, build a team and take control of your future. It sounds like you have the start to a good real estate team in Austin. Leading a great team is the way to wealth. From what you've written, it sounds like you are missing a good broker to bring you the deals. Ask your existing team members for recommendations. Interview until you find a broker who has access to deal flow, understands the cash flow investing mindset and who invests him/herself. Once your team is solid, you will get the deals you need and have the ability to take advantage of the laws and tax benefits to real estate. You are off to a good start. Keep getting educated and build up your team.
Robert T. Kiyosaki answered
Dec 6, 2011
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Most Helpful Customer Reviews
47 of 52 people found the following review helpful:
5.0 out of 5 stars
Read it if you are serious about making the change,
By
This review is from: Rich Dad's Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business (Paperback)
I am amazed yet not surprised by the range of reviews. This is absolutely Robert's best book ever. I totally appreciated Sharon's input as she is a straight "A" student like me and I can identify with her intelligence. However I can also identify with Roberts academic weakness because I studied a highlly skilles E/S profession not Business so as far as business is concerned, I'm as dumb as he was in the beginning.
I have read Roberts first 3 books, listened to most of his CD's, Studied his Choose to be rich program and am presently enrolled in Coaching. Every time he starts any teaching he covers the basics so if you never read one of his other books you get an introduction to the concepts. Since the books each build on the other he refers you to the others for further details on some concepts. People like me who are serious about making the transition from employee and self employed to business owner and investor hungrily soak up every word out of Roberts mouth. I noticed that most negative reviewers admit to skimming over the book or just listening to the abridged CD. You missed the meat. I'm sorry for you. It's sad to see someone fight so hard for the right to stay the same. I too find Robert repetitive at times but I use the opportunity to remind myself of old lessons and prepare myself for the new lesson to come. This new lesson usually stands on the foundation of the previous lesson hence why he must repeat it at least briefly. On my own personal journey to Business owner and Investor I have found Robert's guidance on changing who you ARE and finding the WHY for your change before working on the HOW-TO PRICELESS!! People who want a GRQ (get rich quick) will never like Robert. They should stop buying his books and go elsewhere. If you really want to make the change don't just read, STUDY. I don't know if you will ever find this dept of insight into what the change really costs anywhere else. Almost Every other writer wants you to think they are great and that is why they are successful. Robert is brutally honest. This is what we need.
187 of 222 people found the following review helpful:
3.0 out of 5 stars
Another Rehash Robert?,
By
This review is from: Rich Dad's Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business (Paperback)
I will preface this with the fact that I skimmed through the book when I was at the bookstore. However, I came to the same conclusion that other reviewers have of Kiyosaki's last few books: He just rehashes the tenants of "Rich Dad, Poor Dad" over and over.
I would flip randomly at a page and read a few paragraphs and swear I was reading "Rich Dad, Poor Dad". Things like "Don't Work for Money", "Become and Entrepreneur", etc. And he went into the different types of thinking...i.e. Cash Flow Quadrant rehash. Don't get me wrong, I am a fan of Kiyosaki and enjoy his message. I even met him in person one time and it was great. But is this what his "business" is? Just reselling millions of Americans on the hope that his books will help them? Other than his book/game empire, what is Kiyosaki's major business?? Anyways, just my two cents.
69 of 81 people found the following review helpful:
4.0 out of 5 stars
A must read!,
By Armchair Interviews (Minneapolis, MN) - See all my reviews
This review is from: Rich Dad's Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business (Paperback)
This book is another in the Rich Dad Poor Dad series. In it Kiyosaki explores what it takes to transition from employee to entrepreneur and from entrepreneur to business leader. He identifies and debunks the excuses people give for not acting on their dreams, He also identifies the roadblocks that people put in their own way by not thinking clearly about what it will really take to make an idea a profitable reality.
Among the vital lessons Kiyosaki wants us to learn are: 1. A successful entrepreneur finds the right idea, the right people to act on the idea, and the right money to leverage the whole project. 2. A successful entrepreneur operates from freedom and opportunity rather than security and resources. 3. The best time to answer the tough questions about starting a business -- is before you start the business -- not when you're in the middle of it. Some of these questions are: a. How badly do I want my own business? Why? b. How much will I extend myself to succeed? c. Am I afraid to fail? If so, how can I make this a strength? d. Am I willing to educate myself on the essential components of a successful business (defining and describing team, leadership, mission and understanding product, legal, systems, communications, and cash flow)? 4. Learn how to turn bad luck into good luck. The book is filled with easy-to-understand, but sometimes hard-to-apply advice. But hard only in the sense that most of us do not like asking ourselves the hard questions -- and then acting on those answers. However, would-be entrepreneurs can accelerate their success by a thoughtful reading and application of this book and its principles. Armchair Interviews highly recommends Before You Quit Your Job ...
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surfer wallet business, rich dad, bad luck into good luck, before you quit your job, spiritual money, entrepreneurial lesson, cooperative money, cash flow level, cheap customers, competitive money, single tactic, better entrepreneur, poor dad, quitting your job, school smarts, intellectual property attorney Key Phrases - Capitalized Phrases (CAPs): (learn more)
The Rich Dad Company, Warner Books, Marine Corps, Michael Lechter, Business School of the Streets, Henry Ford, New York Times, Thomas Edison, Jim Collins, Viet Cong, Fat Boy, Lance Armstrong, Xerox Corporation, Garrett Sutton, Sharon Lechter, Steven Pressfield, The War of Art, Donald Trump, Grand Canyon, Jim Carrey, Lazy Husband, Pink Floyd, Pizza Hut New!
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Front Cover | Table of Contents | First Pages | Surprise Me!
surfer wallet business, rich dad, bad luck into good luck, before you quit your job, spiritual money, entrepreneurial lesson, cooperative money, cash flow level, cheap customers, competitive money, single tactic, better entrepreneur, poor dad, quitting your job, school smarts, intellectual property attorney Key Phrases - Capitalized Phrases (CAPs): (learn more)
The Rich Dad Company, Warner Books, Marine Corps, Michael Lechter, Business School of the Streets, Henry Ford, New York Times, Thomas Edison, Jim Collins, Viet Cong, Fat Boy, Lance Armstrong, Xerox Corporation, Garrett Sutton, Sharon Lechter, Steven Pressfield, The War of Art, Donald Trump, Grand Canyon, Jim Carrey, Lazy Husband, Pink Floyd, Pizza Hut New!
Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Surprise Me!
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