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Rich Dad's Escape from the Rat Race: How to Become a Rich Kid by Following Rich Dad's Advice
 
 
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Rich Dad's Escape from the Rat Race: How to Become a Rich Kid by Following Rich Dad's Advice [Paperback]

Robert T. Kiyosaki (Author), Sharon L. Lechter (Author), Rantz Hoseley (Illustrator)
4.3 out of 5 stars  See all reviews (9 customer reviews)


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Paperback, January 1, 2005 --  

Book Description

3 and upRich Dad
How do you get kids interested in learning about finance? Give them a comic book! Rich Dad series author Robert Kiyosaki, whose books have sold over 5 million copies, recognized the increasing need for people to begin their journey to financial literacy-and life-long wealth-as early as their preteen years. In Escape from the Rat Race, basic lessons about ``working to learn, not to earn'', buying assets, and understanding a financial statement are revealed in a graphic format through the tale of Timid T. Turtle. When Tim runs out of cash at an amusement park, his savvy friend Red E. Rat shows him how to ``make money work for him''-and tells Robert Kiyosaki's own riveting account of learning the basic principles of lifelong financial success. Illustrated with full-color sequential art in the style of Rich Dad's popular CASHFLOW games and Web site, here is a book that gives kids (and reluctant readers of all ages) the chance to take their first steps toward financial freedom.


Editorial Reviews

From School Library Journal

Grade 3 Up–The authors of the bestselling Rich Dad, Poor Dad attempt to teach financial intelligence to children through colorful cartoon images and cute animal characters. However, the lessons are more suitable for high school students. The authors tell readers to minimize their liabilities such as credit-card debt while building assets, such as starting their own businesses. Examples of the latter include charging classmates to read their comic books or for borrowing their bicycles. The lessons encourage "financial intelligence," but seem to discourage readers from getting a traditional job and fail to mention the hard work and long hours involved in running one's own business. Keltie Thomas's The Kids Guide to Money Cent$ (Kids Can, 2004) and Jamie Kyle McGillian's The Kids' Money Book (Sterling, 2003) offer far better advice.–Karen T. Bilton, Somerset County Library, Bridgewater, NJ

About the Author

Robert Kiyosaki and Sharon Lechter are the authors of the #1 New York Times bestseller Rich Dad, Poor Dad, as well as Rich Dad's Guide to Investing, Cashflow Quadrant, and Retire Young, Retire Rich. Both authors live in Arizona.

About the Artist
Rantz Hoseley has been working in comics since 1987, starting with Tales of the Ninja Warriors (CFW Publishing). Since then, he's worked on many different titles, of which a few include: Angry Shadows (Innovation), The Shattered Earth (Eternity Comics), Caliber Presents (Caliber Press), Ouch (BayWauHaus Publikations), R.I.P. (TSR/Wizards of the Coast), Medal of Honor (Dark Horse) and Real Stuff (Fantagraphics).

In addition, Rantz created, wrote and drew the daily strip "Edge City" for the Daily Evergreen from 1992-94 and is the creator/writer/artist on the thrice-weekly online comic strip DeathMarch (www.gamespy.com/comics/deathmarch) hosted by the largest gaming network online.



Product Details

  • Paperback: 64 pages
  • Publisher: Little, Brown Books for Young Readers; 1 edition (January 1, 2005)
  • Language: English
  • ISBN-10: 0316000477
  • ISBN-13: 978-0316000475
  • Product Dimensions: 6 x 0.2 x 9 inches
  • Shipping Weight: 5.6 ounces
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Best Sellers Rank: #740,108 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

9 Reviews
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Average Customer Review
4.3 out of 5 stars (9 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

13 of 14 people found the following review helpful:
5.0 out of 5 stars Rich Dad broke the code., August 4, 2005
This review is from: Rich Dad's Escape from the Rat Race: How to Become a Rich Kid by Following Rich Dad's Advice (Paperback)
I ordered this book with a skeptical outlook. The other financial instruction books I purchased for my teen lasted all of ten minutes. This book arrived, she opened it, started reading, and didn't put it down until finished. She was so excited, she called me at work to tell me she had learned about assets, liabilities, expenses, and income. She said the concepts were so simple, she didn't understand why they aren't teaching this in school. Now, she's pointing out investments to me! Rich Dad actually got the attention and respect of a teenager. I'm very impressed.
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13 of 16 people found the following review helpful:
5.0 out of 5 stars Making money can be fun!, January 29, 2005
This review is from: Rich Dad's Escape from the Rat Race: How to Become a Rich Kid by Following Rich Dad's Advice (Paperback)
Don't let the comic book format fool you! Money is serious business. But let's face it -- that's bor-ring! Yet Tim Turtle makes a strong case for achieving financial intelligence when he runs out of money at the amusement park. He thinks the answer to his money problems is to get a job. When Red Rat laughs at him and says he'll never get rich by working at a job, poor Tim is totally confused. But isn't that how to make money? Instead Red Rat shows him the difference between working for money and making money work for him. Based on Kiyosaki's bestselling book "Rich Dad, Poor Dad", this comic book adventure into the world of finance brings money issues to life. How to find moneymaking opportunities and create assets are explored in ways that are fun and easy to understand.

Copyright (c) 2005 by Peggy Tibbetts
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7 of 8 people found the following review helpful:
5.0 out of 5 stars Help Your Kids Save Their Pennies, June 21, 2005
This review is from: Rich Dad's Escape from the Rat Race: How to Become a Rich Kid by Following Rich Dad's Advice (Paperback)
This is a children's comic book that presents kids with the information that goes way beyond "Save your pennies and the dollars will take care of themselves." There are also subtle lessons on values and ethics, too. It shows--pictorially, using two different styles--how a youngster can put the concepts they represent immediately to work. The book goes well beyond the "save your pennies" philosophy I was raised on. The book introduces terms that some kids never hear until they take their first economics class. I liked the presentation style that looks vaguely like a Tim Allen movie--artistic washes, subtle tones. Kids will love the brightly colored segments. More importantly--for the parents at least--they are sure to absorb some sound ideas about ensuring their own futures. The purpose of the book is clear: the sooner you learn to manage your money, the more you'll have to enjoy.
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