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Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money Paperback – March 26, 2008
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Top Customer Reviews
This book was quite disappointing. Like most of Kiyosaki's books, this one was filled with repetition. Now, I do subscribe to the theory that "repetition is the mother of learning," and so a bit of repetition to reinforce an important point is quite acceptable, and indeed beneficial.
But this book is full of mind-numbing repetition, and the content of its nearly 200 pages could easily have been boiled down to 50 pages.
There may be a clue as to the reason why this book was written on page 89 where the author says, "One of the benefits of being an author is that when I want a new liability [read: luxury item], I first write a book, like this one, and the royalties from the book pay for the liability."
That might indeed explain why this particular book was written.
For those who have already read Kiyosaki's books, especially the first three-- RDPD, Cashflow Quadrant, and Rich Dad's Guide to Investing-- this book would be quite superfluous. On the other hand for those totally new to Kiyosaki's work, this book may serve as a valuable primer.
Still, there are a few excellent "take-aways" from this book:
1) The world no longer runs on Money (a medium of exchange backed by real value--traditionally silver and gold, or other hard assets), but on Currencies (totally fictitious media of exchange based on debt and manipulation by central banks). Historically, every currency has eventually gone to its intrinsic value--ZERO.Read more ›
I don't know what he repeats more often -- his relationship with Donald Trump, or how (in his opinion), going off the gold standard was a bad idea. Neither of which, by the way, increased my Financial IQ.
There is a lot of filler. There are stories about the Merchant Marines. About Vietnam. About his surfing wallet empire. Chapters and chapters and chapters of this -- maybe, if I was in the right mood, it might be interesting. But *so* much of this has nothing to do with Finanace.. I can't help avoid thinking that Kiyosaki wanted another to buy another Bentley, so he wrote this book to pay for it...
Oh, and there's several instances where he makes glaring math errors or logic errors. These further detract from thinking of this as a "finance" book.
Pick another book. I wish I had.
If I were new to Robert K, start with "Rich Dad/Poor Dad","Cash Flow Quadrant" and "Rich Dad's Guide to Investing". These books are the foundation of the philosophy, and they stand the test of time. The first three books focus MORE on true paradigm shifting and changing from being a consumer to business owner/investor versus providing fallacious verbose. Some of the books written after these just validate the original principles from these 1st three books. Save your money and buy the 1st three and read them OVER AND OVER. Then buy the games Cashflow 101 and 202; play the games over and over again. You will get more out of that than buying this book. In my opinion after reading those first three books, you will raise your financial IQ, then you must take action to increase it even higher.
Most Recent Customer Reviews
This is the perfect book,excellent guide book for anyone that wants to be rich and successful!! There are some other comments,that state differently. Read morePublished 4 days ago by marina
Are all of his concepts groundbreaking? no. Are they all relevant? yes. Read this and put some of the most important financial principles at the front of your brain. Read morePublished 1 month ago by Spencer K Bailey
My first Kiyosaki read, very unimpressed! I was looking for an intermediate level investment book so I started here instead of his famous "Rich Dad, Poor Dad". Read morePublished 1 month ago by Amazon Customer
The first 50 pages are great. The rest feels exactly like all those times you finished a paper in school only to realize you needed 3 more pages. Read morePublished 2 months ago by Kelly Bauer
Unfair Advantge was an amazing book that gave me a different point of view, not only in life but everything I do. Read morePublished 4 months ago by Adam Leyba