An extraordinary collection of business success stories--all applying the principles from the #1 "New York Times" bestseller "Rich Dad Poor Dad."
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Editorial Reviews
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The Rich Dad series, begun in 1997, is based on Kiyosaki's childhood observations of the lessons passed down by his father, a well-educated wage slave, versus those of his closest friend's father, an eighth-grade dropout and multimillionaire. The difference, he determined, is that the poor and middle class work for money, but the rich let money work for them. The wisdom passed on by the rich dad is a type of financial literacy that is never taught in schools. Kiyosaki also developed a board game, Cashflow 101, which is used in his seminars to generate ideas on how to achieve financial independence. This book, the seventh in the series, contains real-life stories of people who applied the Rich Dad principles to their lives and are moving from the rat race of employment to the role of business owner and investor. In their own words, regular folks show how they went from financial struggle and crisis to taking control of their financial education and future. David Siegfried
Copyright © American Library Association. All rights reserved --This text refers to the Paperback edition.
Copyright © American Library Association. All rights reserved --This text refers to the Paperback edition.
Review
"Rich Dad Poor Dad is a starting point for anyone looking to gain control of their financial future."
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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
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Most Helpful Customer Reviews
45 of 48 people found the following review helpful:
5.0 out of 5 stars
Reply to reviewer from Chicago,
By Lenny Leonski (USA) - See all my reviews
This review is from: Rich Dad's Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons (Paperback)
I too was eagerly awaiting this new book by Kiyosaki. Tired of hearing allegations as to "who has really benefitted from his teachings" I eagerly bought this book and read this new addition to the Rich Dad series.I really think the reader from Chicago is missing the point. The fact is more wealth has been made in real estate than in any other venture. No other business or investment can compare. Writing books? C'mon now! Do you have any idea on how many books get turned down each year? And of those that are published, how many do you suppose really make any real money? Many of Kiyosaki's critics have been asking for evidence that his strategies work. Well here it is in Real Life Success Stories from Real Life People who followed the Rich Dad lessons. Perhaps in some future volume, Kiyosaki will profile business success stories and I look forward to those as well. But for the masses, Real Estate is the key. Good book Mr. Kiyosaki but I doubt this will silence your critics----too bad for them!
31 of 32 people found the following review helpful:
5.0 out of 5 stars
No more excuses,
By A Customer
This review is from: Rich Dad's Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons (Paperback)
In this new book by Robert Kiyosaki, Robert completely blows away the allegation that his philosophy doesn't work. Ecuses are completely taken out.I enjoyed the business and real estate success stories and I look forward to Kiyosaki's next foray.Good book Robert. Very inspiring.
23 of 24 people found the following review helpful:
5.0 out of 5 stars
Great book - very inspiring,
By Bill Sanders (Salt Lake City, Utah, USA) - See all my reviews
This review is from: Rich Dad's Success Stories: Real Life Success Stories from Real Life People Who Followed the Rich Dad Lessons (Paperback)
I just finished reading Rich Dad's Success Stories and Rich Dad Poor Dad.Rich Dad's Success Stories was very inspiring. Great to see people from all walkd of life and different ages succeed and so quickly too! Rich Dad Poor Dad offers a paridimn shift and really sold me on the concept of starting my own business, getting into real estate and 86-ing my J-O-B which really does stand for just over broke.Rich Dad Poor Dad also got me to think of several creative income ideas. I will never go back to think the old way again.A friend of mine has the Rich Dad board game. I couldn't believe how poorly I did (that was before reading the books) and that was my wake up call. I was using Poor Dad thinking which explains why I wasn't getting anywhere. Now that I have read these two books, I am looking forward to playing the game again and then on to the more advanced game.More importantly, it's on to financial self reliance ala Kiyosaki.Thank you Robert for 2 outstanding books. I will be adding other RD books to my library soon. Your books are the only ones that I have bought that actually deliver on their promises....and then some.
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Inside This Book
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First Sentence:
If you want to achieve financial security, you'll need to learn the game of money. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
monthly cashflow, annual cashflow, passive cashflow, rich dad, cashflow quadrant, positive cashflow, vacancy loss, net cashflow, passive income, poor dad, financial education, financial literacy, closing costs Key Phrases - Capitalized Phrases (CAPs): (learn more)
Robert Kiyosaki, Social Security, Terri's Consign, Design Furnishings, Air Force, Diane Kennedy, Real Estate Riches New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
If you want to achieve financial security, you'll need to learn the game of money. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
monthly cashflow, annual cashflow, passive cashflow, rich dad, cashflow quadrant, positive cashflow, vacancy loss, net cashflow, passive income, poor dad, financial education, financial literacy, closing costs Key Phrases - Capitalized Phrases (CAPs): (learn more)
Robert Kiyosaki, Social Security, Terri's Consign, Design Furnishings, Air Force, Diane Kennedy, Real Estate Riches 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 4
books:
2
books
cite this book:
- The Stock Market (Economics for Today) by Robin R. Young in Front Matter, and Back Matter
- Take action: An environmental book for kids by Ann Love in Front Matter
- Intellectual property handbook by Michael A Lechter in Back Matter
- Stock Market by Instructor Books in Front Matter
- 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! by Robert T. Kiyosaki in Front Matter, and Back Matter
- Rich Dad's Guide to Becoming Rich...Without Cutting Up Your Credit Cards by Robert T. Kiyosaki in Front Matter, and Back Matter
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