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Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money
 
 
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Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money [Paperback]

Robert T. Kiyosaki (Author)
3.9 out of 5 stars  See all reviews (112 customer reviews)

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Book Description

September 21, 2009
In late January, 2009, Robert Kiyosaki launched CONSPIRACY OF THE RICH - a free online book which was written in serial basis to help people understand how the current recession came about, and what they need to learn on how to survive through the coming rough years.

An unprecedented publishing event for Kiyosaki and The Rich Dad Company, CONSPIRACY OF THE RICH is an interactive, "Wiki-style" project in which Kiyosaki has invited feedback, commentary, and questions from readers across the globe.

The response so far has been totally fantastic. Millions and millions of readers have flocked to the website (www.conspiracyoftherich.com) to read what Robert has to say about the recession, and the readers have posted thousands of comments. Some of those reader comments will even be included in the final tradepaper version.

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Editorial Reviews

From Publishers Weekly

In the latest installment of Kiyosaki's Rich Dad series, he opts for an innovative approach with largely diminished returns: struggling with a way to inform average citizens on the current economic crisis, and how to rise above it, Kiyosaki decided to write a book in online installments, seeking the questions and comments of his readers (which are peppered throughout this print version). Though an undeniably effective technique for help readers identify with the material, more professional input would have produced a volume buoyed by more of Kiosaki's lucid explanation, and less bogged down with repetition, poor pacing and a rigid view of government policies. Regurgitating dogma from previous books without fleshing them out, it seems Kiyosaki is less interested in creating a new volume than in teasing his old volumes. Kiyosaki's fans will doubtless buy this and may enjoy it, but readers new to the Rich Dad series will feel obligated to buy his other books for a proper understanding-something of a "conspiracy of the rich" in itself.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

About the Author

Robert Kiyosaki is the bestselling author of the RICH DAD POOR DAD, which is the bestselling personal finance book of all time.

Product Details

  • Paperback: 272 pages
  • Publisher: Business Plus; First Edition edition (September 21, 2009)
  • Language: English
  • ISBN-10: 0446559806
  • ISBN-13: 978-0446559805
  • Product Dimensions: 6 x 0.8 x 9 inches
  • Shipping Weight: 11.4 ounces (View shipping rates and policies)
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (112 customer reviews)
  • Amazon Best Sellers Rank: #7,239 in Books (See Top 100 in Books)

More About the Author

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
Author Answered

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

Customer Reviews

Most Helpful Customer Reviews
224 of 246 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
First of all, I'm not a Kiyosaki fan...his style of writing just tends to annoy me however, he is one of those authors that is able to effectively communicate with the average person and often has one or two gems that make it worthwhile to read his books. Having said that, this book is a bit different than his others both in terms of content and style. It is primarily compiled from his website which by this point, is both a work in progress as well as a day by day breakdown of the current economic crisis unfolding as history. The book contains comments by readers of the website/blog as well as more traditional insight and commentary by Kiyosaki et al.

As a college instructor as well as business writer, I'm quite familar with authors that "try out" or compose a book from class notes, lectures, journal submissions and articles etc...but few have used an online format as a pure marketing ploy to generate both interest and actual content. I suspect it takes a highly recognized name and a major economic melt-down to pull it off. Sales of this book will certainly determine if it is pure genius or merely a gimmick.

Aside from the collaborative nature of the book, the actual writing retains the same consumer friendly, conversational tone found in former "Rich Dad" books with the very pleasant lack of constant reference to the "dads" which was a personal pet peeve. Personally I found this to be more readable than most and equally interesting.

The author departs from the prior "real estate" emphasis into a much broader investment perspective which includes precious metals and other assets, proper use of debt, information and much more. I was fairly impressed by both the rationale and future trends as well as the very "do-able" information presented. It is obvious the author has taken time to create something within the grasp of average Americans by first providing a framework for safety then moving beyond to creating choices for potentially more rewarding investments. At each step of the way a solid rationale is provided...whether one agrees or disagrees, it is valuable to reflect upon where the author is "coming from" in order to make up your own mind as to the validity of the position or not.

Readers that enjoyed Ron Pauls' recent 'End the Fed" will be delighted by the straight-forward discussion about the status of the government, Fed and more in this recent book. Kiyosaki doesn't mince words this time around and does so in a purely equitable manner that doesn't offend - but is designed to enlighten the reader to the dangers surrounding them at every turn.

More savvy investors may not find a lot new however, those searching for a fresh start or trying to make sense of the current economic crisis and future financial trends in an easy to understand way will truly appreciate this book. There is overlap from prior books but also a surprising amount of newer or revised content that is well worth the time of former readers to review.

Bottom line...a surprisingly good book.
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68 of 77 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
This remarkable book is filled with factual information, both current and historical, and although that information may discourage or frighten some readers the book is written in such a casual style that it is almost as if its story is being told by your best friend. Only, in this case your friend actually knows what he is talking about. It is a great read, and the information it conveys is simply too valuable to miss. I only wish such books had been available forty or fifty years ago.

In any event, if you are a product of America's public school system, you may very well have asked yourself, as I once did: "What have I learned in my twelve years of school that will help me get a job?" That's certainly an interesting question, but, strangely enough, the answer is far less important than the question itself. For that question reveals a mindset that has been instilled in America's children by our public education system, by conventional wisdom, and, in all probability, by almost every student's parents for generations. Namely: Get an education, get a job, work hard, buy a house, save for the future, and someday you will be able to retire and live happily ever after.

That mindset, according to this book's author, has doomed generations of Americans to a lifetime of hard work with little chance success, leading many to someday ask themselves: "Why is it that I have a good education and work hard at my job, but I never seem to be able to get ahead?" The answer, again according to this author, is that, despite the fact that America is a capitalist society, our public schools only train our children to be good employees, good soldiers, professionals, and small business owners, but teach them nothing about money and finance or how to properly invest and prosper in a capitalist system.

This book seeks to break that mindset by encouraging its readers to change their attitudes from "I can't do that" to "How can I do that" and offers fairly specific suggestions and guidelines as to how individual successes might be achieved. The trick, Mr. Kiyosaki avers, is to first change your way of thinking, then study your chosen direction, and finally work toward getting out of what he terms the "Employee/Small Business" (E/S) quadrants, in which the odds are stacked against you; and into the "Big Business/Investor" (B/I) quadrants wherein lies greater opportunity, lower taxes, cash flow without labor, and the opportunity to exploit those in the E/S quadrants.

After reading this book, I came to the conclusion that it is invaluable, especially to young adults, and should be read by every thinking American. I also came to the conclusion, however, that the book's title is something of a misnomer. It should really be entitled "The Conspiracy of the Super Rich," for they, the politicians they control, and the heads of America's largest banks are the ones who perpetrated and carry on the conspiracy.

So, yes, Virginia, there is a conspiracy of the rich, and if you reside in the E/S quadrants, as virtually all of us do, you are one of their Santa Clauses. But, strangely enough, "the rich" aren't really those we are led to believe they are. They aren't those making over $200,000 per year, who presumably should be punished for it, or minor millionaires. They are the anonymous "Super Rich" who make the rules and control the game. And they are well above it all.
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42 of 52 people found the following review helpful
Format:Paperback|Amazon Verified Purchase
Considering R. Kiyosaki is a wealthy man from his other books he is really providing a patriotic service to our country. As a student of the banking system and money in general, he does expose the fundamentals of who "prints" our money and to the private organization a large part of our federal taxes feed.

Because of his platform and fame, he really is exposing himself to risk on this one. He's really connecting the dots. I'm sure those in control will not appreciate this being in the mainstream. He clearly states that change isn't coming with Obama (or any President, rep. or dem) and we'll have to be the change. This book operates on this fundamental... in order to break the rules, you have to know them well. You need to know the fallacies of the "old" rules of money before you can apply the "new" rules.

This book will open your eyes to what money really is... shouldn't you know what most of the world goes to work for every day?

Pick this book up while you still can.

Thanks Robert for all of your books. My life has never been the same since reading Rich Dad Poor Dad. He has steered me clear of the "Rat Race" pitfalls most people fall into.
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Most Recent Customer Reviews
Best book I ever read
If you are closed-minded, enjoy working at a job for the rest of your life to make somebody else rich, and are not interested in personal development then this book is NOT for... Read more
Published 1 month ago by Pishi
The best from Kyiosaki
This book is the best from all rich dad's books. It's even better than Rich Dad Poor Dad. I recommend reading it.
Published 4 months ago by Felipe
Where is my order?
I often buys items through amazon website and this is the 1st time I received nothing from my order. Not evenask email sent to review feedback. Read more
Published 5 months ago by Boon
Just read one of his other 10 books
While I think a lot of the main points are correct (decline of the dollar, strength of hard assets, etc. Read more
Published 5 months ago by Clint Myers
The Third Education
Fact: the vast majority of us have been trained to follow a very specific road map to our lives; go to school and get good grades so you can get a good job, buy a house, get... Read more
Published 6 months ago by Actionable Books
Great book!
Kiyosaki has done it again! creating a controversial book that will intrigue any reader.
Definitely involves the elite running this country, why not be a part of it rather... Read more
Published 7 months ago by T. To
Rich Dad's Conspiracy of the Rich
THe truth behind the financial disasters we have faced and our future problems with fiat currency and enormous debt accrued by our government. Read more
Published 8 months ago by E2player
eye opening
this book pulls together from about 50 other books summarized by the author. It truly is a worthwhile read those endeavoring to understand one of the most basic elements for the... Read more
Published 8 months ago by globalcitizen
big advertisement for his cash flow games and books...
My sister is a big fan of Kiyosaki's books. She brought his Cash Flow board game and we attended one of his seminars. Read more
Published 9 months ago by C. Chin
Kiyosaki Does it Again
IF you liked rich Dad Poor Dad you will appreciate the insight offered in Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money. Read more
Published 9 months ago by Clifton A. McKnight, Author of "IF YOU CAN'T CALM THE WATERS LEARN TO RIDE THE WAVES - How to Succeed in Turbulent Times," Says
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