This book is about how we started with nothing and retired financially free in less than ten years. Find out how you can do the same. If you do not plan on working hard all of your life...this book is for you. Why not Retire Young and Retire Rich?
| ||||||||||||||||||||||||||||||
Book Description
Editorial Reviews
From Library Journal
In this fifth addition to his highly successful "Rich Dad" series, Kiyosaki (Rich Dad Poor Dad) now focuses on the power of debt leveraging in order to work less and earn more. Beginning with the principle of changing attitudes about financial freedom, he explains the difference between earned income and passive or investment income, managing good debt that makes money for you, such as in real estate, the fundamental concern about 401(k) retirement plans that are too focused on stock market performance, and the need to create a long-term financial freedom plan and the emotional discipline to stick to it. Listeners will likely be captivated as they learn how to replicate his success, and the crisp narration by Jim Ward definitely makes this fact-filled collection of sound financial advice another hit for Kiyosaki. The solid, practical insight into how to put together a plan to financial freedom will require a commitment to changing lifestyles and personal attitudes about work and, of course, enough time left in life to allow the investments to succeed. Highly recommended for all public libraries, especially those that have not yet begun to add Kiyosaki's other super titles to their business and investment collections. Dale Farris, Groves, TX
Copyright 2002 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
Copyright 2002 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.
About the Author
Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates. Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich.
Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-oauthor of RICH DAD, POOR DAD and THE CASHFLOW QUADRANT, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education."
Product Details
Would you like to update product info or give feedback on images?
|
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
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
233 of 251 people found the following review helpful
Format:Paperback
This is a great book, possibly the best of the series. If you think all there is to life is a college degree and a J-O-B, think again.Mr. Kiwosoki has written an excellent book that is right for the times. You can retire rich and you can retire young by following the principles in this book.I also recommend "The New Professionals" and "Turner Turner, Turner: The King of Network Marketing" for additional reading and insight.
74 of 83 people found the following review helpful
Format:Paperback
This book deserves more than five stars for its exceptional clarity, authenticity, relevance and eloquence.
Those who love the Rich Dad, Poor Dad books will adore this one. I found it to be the best book in the series since Rich Dad, Poor Dad.
Mr. Robert T. Kiyosaki speaks with the authority of experience. He did retire young at 47 while his wife was 37. At that time, his expected annual income was between $80,000 and $125,000. Many people yearn for early retirement with wealth, mostly because they hate their work. Mr. Kiyosaki was soon back at work, establishing new businesses. Most of his wealth was created after he retired. "I keep working because there are so things that need to be done." So, he has clearly moved from earnings a living, to living a mission of self-expression. That's very wonderful, and I hope you will accomplish the same result!
Although the subtitle says this is "how to" book, it's really more of a "what to think" book. The fundamental concept is to leverage your mind, your plans, your actions, and your priorities to get wealth faster and more easily.
As usual, Rich Dad provides some wonderful quotes. Here are a few of my favorites.
"David could beat Goliath because David knew how to use the power of leverage."
"Cash flow is the most important word in the world of money. The second most important word is leverage."
"Leverage is the reason some people become rich and others do not become rich."
"Because leverage is power, some people use it, some abuse it, and others fear it."
"Getting rich begins with words and words are free."
" . . . do more and more with less and less."
The first books in the Rich Dad, Poor Dad series have been about cash flow. This one shifts over to leverage. Section 1 is about leveraging your mind, section 2 looks at leverage from a plan to retire, section 3 addresses leverage from actions. The book goes on to give you a final exam on your attitudes and a challenging thought to chew on to help get you focused properly: making lots of money with no money to start with.
Now, any book about leverage would normally have lots of pages on how debt leverage works. In fact, that is only a small part of what this book talks about. You will find that discussion in part of chapter 16, which looks at all of the forms of leverage in real estate.
One of the strengths of the book is a fine discussion of how to think about risk and reward. It's not how often you fail, but how big the costs of your failures are compared to the rewards of your successes . . . and your determination to keep trying until you succeed. For instance, 9 out of 10 new businesses fail. But the value of the 1 in 10 that succeed should vastly outweigh the costs of the 9 failures.
The book is excellent in warning you against the risks that you are unconsciously taking. Most people have 100% of their financial futures tied up in government pension and Medicare payments and the stock market. Mr. Kiyosaki correctly points out that this assumption is probably faulty, because there are far more Baby Boomers depending on these two resources than there are resources. One part of the leverage concept is to have more streams of cash flow. He also has excellent ideas on how to reduce risk in your current and potential sources of cash flow.
You are also given a list of good habits to pursue. And top tips from the prior books are repeated in a convenient section near the end of the book.
If you follow the advice in this book, it will be worth more to you and your family than all the other investment and retirement books that you read combined. But you have to take action! Thinking about taking action won't get you there.
I would describe this book as being a lot like Tony Robbins's book, Personal Power, except it is focused effectively on the emotional and mental disciples needed for financial security and investing.
By the way, I have known many people who have retired young with the assistance of being rich. They all embody the principles captured in this book. By contrast, at age 65 only 5 percent of all Americans will be able to afford to live a wealthy life style. Most will be looking for more income. Which group do you plan to be in?
Think and live the thoughts that will make you as rich as you want to be! The solutions are there if you look for them.
29 of 30 people found the following review helpful
Format:Paperback
Robert Kiyosaki started with nothing and in less than ten years, retired financially free. He enjoys a lifestyle that we all wish we had. One of the first mindsets or mentality that he had to change was to succeed in a world without a paycheck. This is in a world that practically deifies a job and a paycheck.
Kiyosaki explains that most people have 50%-100% of their income is from earned income from a J-O-B. BIG MISTAKE! Those who retire young and retire rich do so from portfolio income. From passive income. From residual income.
How do you do this? You create a business. It can be network marketing or a franchise (if you have that kind of money sitting around or the ability to borrow it) Or it could be real estate (my choice--no downlines, uplines, sidelines, monthly quota's, sales volume requirements etc.) Or you could write a book. Self publishing is flourishing today because many people have excellent ideas and eager to disseminate these ideas in the form of a book.
Retire Young Retire Rich is an excellent book for anyone who regardless of their present income or level of wealth, wants to retire financially free and financially independant within 10 years or less.
Great book. Maybe his best to date.
Most Recent Customer Reviews
Every good book
I was impressed with the authors knowledge base. His personal background in business was inspiring. I've used the tools that I have gained from Mr. Read more
Published 2 months ago by Paul
Summary of his popular books
I am avid read of Rich Dad Book series and have read the other popular series like the Rich Dad Poor Dad, Guide to Investing, CashFlow etc. Read more
Published 13 months ago by Prabhu Ram
Exiting
I recommend reading this book. I started reading it and killed it off in a week and a half (which is fast for me lol) It was very good and opened my eyes to a lot of things I just... Read more
Published 13 months ago by D. Smith
It deserves no less than 6 stars
I don't understand why readers are giving this book 1 star and 2 stars. It is absolutely phenomenal. Read more
Published 14 months ago by Danielle
No useful information
This is the third book I have read in the Rich Dad series and by far the worst. It is nothing but 335 pages of "blah, blah, blah" that never has any useful information in it. Read more
Published 14 months ago by Travis Zee
Don't waste your time and money
Don't make the mistake I did, wasting your time reading this book in the vain hope that the author would eventually reveal something of substance. Read more
Published on May 13, 2010 by Michael Ceruti
90% good stuff
This is a more holistic look at Kiyosaki's "Rich Dad Poor Dad" philosophy. I found it to be a great review of his principles. Read more
Published on March 5, 2010 by Robert Kirk
The very best in the family
I have read first four plus another four books in the RDPD family. I like all of them simply because they all communicate and emphasize the same message - create passive income by... Read more
Published on January 31, 2010 by X. Li
some good, some bad
I'm going to go right in the middle with 3 stars
Good:
- my mind has been opened to greater possibilities/contexts (ie i did find it empowering as i like the... Read more
Good:
- my mind has been opened to greater possibilities/contexts (ie i did find it empowering as i like the... Read more
Published on November 15, 2009 by ilanes
Take charge, own your life!
This book will open your eyes, make you think but most important motivate you to take charge of your life. Read more
Published on October 5, 2009 by Robert McRobert
Inside This Book
(learn more)
First Sentence:
The following is the story of how my wife, Kim, my best friend, Larry, and I began our journey from broke, to rich, to retired in less than ten years. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
rich dad, affluent level, quadrant person, rich clad, richest game, quadrant business, bad income, portfolio income, poor dad, wealth ratio, network marketing business, rich forever, slow plan, passive income, small agreements, paper assets, slow words, retire rich, faster words, good debt, pork butt, financial education, debt leverage Key Phrases - Capitalized Phrases (CAPs): (learn more)
Bill Gates, Social Security, Henry Ford, Information Age, Metcalfe's Law, Industrial Age, Bill Phillips, Rich Kid Smart Kid, Ray Kroc, Robert Reich, Ted Turner, Michael Dell, New York, Babe Ruth, Las Vegas, Secretary of Labor, Sir John Templeton, World Wide Web, Michael Lechter, Warner Books New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
The following is the story of how my wife, Kim, my best friend, Larry, and I began our journey from broke, to rich, to retired in less than ten years. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
rich dad, affluent level, quadrant person, rich clad, richest game, quadrant business, bad income, portfolio income, poor dad, wealth ratio, network marketing business, rich forever, slow plan, passive income, small agreements, paper assets, slow words, retire rich, faster words, good debt, pork butt, financial education, debt leverage Key Phrases - Capitalized Phrases (CAPs): (learn more)
Bill Gates, Social Security, Henry Ford, Information Age, Metcalfe's Law, Industrial Age, Bill Phillips, Rich Kid Smart Kid, Ray Kroc, Robert Reich, Ted Turner, Michael Dell, New York, Babe Ruth, Las Vegas, Secretary of Labor, Sir John Templeton, World Wide Web, Michael Lechter, Warner Books New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
Citations (learn more)
This book cites 9
books:
See all 9 books this book cites
2
books
cite this book:
- The Three Little Pigs (Fairytale Jigsaw Books) by Top That on page 152, and page 207
- Star Wars: Zorba the Hutt's Revenge by Paul Davids on page 290
- David and Goliath (Usborne Bible Tales) by Heather Amery on page 30
- Through The Looking-Glass by Lewis Carroll on page 325
- Through the Looking-Glass (Dover Thrift Editions) by Lewis Carroll on page 325
See all 9 books this book cites
- CashCow Kids: The Guide to Financial Freedom At Any Age by Jordan Lisa in Back Matter
- Goof-Proof Personal Finance by LearningExpress Editors in Back Matter
What Other Items Do Customers Buy After Viewing This Item?
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
![[Start the discussion]](http://g-ecx.images-amazon.com/images/G/01/x-locale/communities/discussion_boards/start-new-discussion-sec._V192250339_.gif){kind=small}
Listmania!
|
|
So You'd Like to...
Look for Similar Items by Category
- Books > Business & Investing > Investing
- Books > Business & Investing > Personal Finance > Budgeting & Money Management
- Books > Business & Investing > Personal Finance > Retirement Planning
- Books > Business & Investing > Popular Economics
- Books > Professional & Technical > Accounting & Finance > Accounting
