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! (Hardcover)

~ (Author), Sharon L. Lechter (Author) "Both my rich dad and my poor dad were very concerned about the overall well-being of their employees..." (more)
Key Phrases: rich dad, coming stock market crash, making poor financial decisions, Warren Buffett, Social Security, New York (more...)

Editorial Reviews

From Publishers Weekly

When the first baby boomers celebrate their 70th birthdays in 2016, according to rich dad (the author's financial mentor and father of his boyhood chum), a massive stock market crash will ensue. Joining half a dozen popular Rich Dad books, this volume continues Kiyosaki's eloquent yet simple survival instructions to investors present and future. Kiyosaki's wealth stems from lessons learned at rich dad's balance sheets, and here he deftly illustrates those complex financial truths. He encourages readers-many of whom suffer from what he sees as the dismal lack of financial education in the school system-to understand factors such as ERISA, the investor-unfriendly retirement law for which rich dad vilified the government, and the overabundance of "white bread" financial advice for the masses. Wall Street has nothing to gain by smartening up investors, Kiyosaki warns, so it's up to people to educate themselves. Those convinced that reading financial statements is an activity solely for the sophisticated and the moneyed will be reassured by Kiyosaki's analogies-Noah's ark is a primary one-as he colorfully covers a host of investing esoterica and scrutinizes details every investor should recognize. "Investing time when I had no time, and investing money when I had very little money is what made me rich," he says.
Copyright 2002 Reed Business Information, Inc.

From Library Journal

This time, superhot financial writer Kiyosaki directs his advice to baby boomers, who are now facing retirement.
Copyright 2002 Reed Business Information, Inc.

See all Editorial Reviews

Product Details

• Hardcover: 304 pages
• Publisher: Warner Business Books (October 9, 2002)
• Language: English
• ISBN-10: 0446530867
• ISBN-13: 978-0446530866
• Product Dimensions: 9 x 6.2 x 1.1 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 3.4 out of 5 stars  See all reviews (122 customer reviews)
• Amazon.com Sales Rank: #245,127 in Books (See Bestsellers in Books)

• This item is part of The Rich Dad Series.

Customer Reviews

Most Helpful Customer Reviews

324 of 333 people found the following review helpful:

3.0 out of 5 stars Good information, but painfully repetitive., January 27, 2004

By	Bruce Hurley (Boca Raton, Florida United States) - See all my reviews (REAL NAME)

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.

77 of 77 people found the following review helpful:

5.0 out of 5 stars Prophecy: Timely and Scary for Majority of Baby Boomers, October 13, 2002

By	Ralph Smith (Destin, FL) - See all my reviews

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.

84 of 86 people found the following review helpful:

5.0 out of 5 stars I love the CDs - Great way to learn!, December 9, 2002

By	ANGIE (USA) - See all my reviews

This review is from: 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! (Audio CD)

I have always been more oa auditory than a visual, therefore love to listen to audio cassettes and cd's. Perfect while driving around instead of listening to the radio listening to allof those robberies, rapes and murders.With this program, I know that I am prepared for the upcoming market bounce and the Biggest Crash in History.I'M SURE THE BOOK IS GREAT---BUT GIVE THE CDs A TRY!