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! (Paperback)

by Robert T. Kiyosaki (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: 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. --This text refers to an out of print or unavailable edition of this title.

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. --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Paperback: 304 pages
• Publisher: Business Plus (January 2004)
• Language: English
• ISBN-10: 0446690341
• ISBN-13: 978-0446690348
• Product Dimensions: 9.1 x 6.1 x 1.2 inches
• Shipping Weight: 1.4 pounds (View shipping rates and policies)
• Average Customer Review: 3.3 out of 5 stars See all reviews (119 customer reviews)
• Amazon.com Sales Rank: #12,872 in Books (See Bestsellers in Books)

  Popular in these categories: (What's this?)

  #13 in	Books > Business & Investing > Management & Leadership > Planning & Forecasting
  #41 in	Books > Business & Investing > Economics > Theory
  #48 in	Books > Business & Investing > Personal Finance > Budgeting & Money Management

• This item is part of The Rich Dad Series.

Customer Reviews

Most Helpful Customer Reviews

319 of 328 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)

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! (Hardcover)

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.

76 of 76 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

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! (Hardcover)

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.

113 of 117 people found the following review helpful:

5.0 out of 5 stars I had to see what all of the fuss was about, January 18, 2003

By A Customer

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! (Hardcover)

After reading several 1 star reviews in a row (same person no doubt with lts of free time and a agenda) I had to go down to my local bookstore and chek out Rich Dads Prophecy.After browsing through it, I had to buy it and after buying it, I stayed up all night reading it.This is possibly Kiyosaki's best book to date. While at the bookstore I also noticed an article about pensions and other retirement accounts in Newsweek by Jane Bryant Quinn. All I can say is, thank God for people like RTK and books like Rich Dads Prophecy.Oh by the way, I didn't buy Newsweek. That article by Quinn was the only thing ever partly interesting and even that was a big clunker. The only thing worse than her articles is her book.Rich Dads Prophecy is a good read. I highly recommend it.