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FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer Paperback – April 16, 2019
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About the Author
- Publisher : Plata Publishing (April 16, 2019)
- Language : English
- Paperback : 240 pages
- ISBN-10 : 1612680844
- ISBN-13 : 978-1612680842
- Item Weight : 1.15 pounds
- Dimensions : 6 x 1 x 9 inches
- Customer Reviews:
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There maybe some good nuggets in here somewhere, but not in the first 141 ages!
By Paydro on May 1, 2019
I've read several of the Rich Dad books, including the original Rich Dad, Poor Dad. Some of them are repetitive and that's a theme you'll see in reviews of pretty much all of them. That's fair. In Fake, there is some repetition from previous books but it's not obnoxious. It's actually kind of necessary. Matter of fact, if you've never read a Kiyosaki book before, it's beneficial (you should at least read Rich Dad, Poor Dad, in my humble opinion).
As far as content goes, I've seen some of the other reviews, so I'll comment there next. There is a lot of internal repetition. Kiyosaki reiterates a lot in this book. I know that annoys some people. We have to understand how learning happens. It happens through repetition. You'll see the same charts and graphs half a dozen times throughout. You'll see direct quotes from earlier chapters. It's through this process that important points sink in, especially if you are reading the book little by little. On the other hand, the editing is indeed quite poor. The grammatical mistakes are far too numerous (that's why I gave it 4 stars, I'm not picky about this stuff, it's just far beyond that tolerance threshold).
Fake is written in plain speak. That's what I appreciate. Yes, more complicated detail and jargon could be used, but again, someone new to this area of reading will be overwhelmed quickly. The good news is, Kiyosaki recommends additional reading (some of which I've already read and I agree with him wholeheartedly) where you can find some more in depth explanations (and plenty of financial industry jargon). We all have to start somewhere. This is a good place to start.
What this book is not: A step-by-step guide to becoming wealthy. The reality is, there are plenty of books that claim to be that and none of them actually are. Kiyosaki is quite clear that this book is NOT such a guide. It's a guide to recognizing that most of our education is worthless when it comes to finances (and other things) and gives somewhat of a road map to get a real financial education (yes, he does put in shameless plugs to other Rich Dad products, I would too if I was him).
Something I appreciate about Kiyosaki is, despite his critical outlook on a lot of people, he has the same criticism of himself. He admits to his failures (and even said how stupid he was to even try some of the things he did). Too often, successful people toot their own horn about how wonderful they are and gloss over their past mistakes. Kiyosaki does not do this. He's probably one of the more down to earth writers out there.
Admittedly, my two favorite chapters are the last two (How to prepare for a brighter future and How to soar with eagles...in a world full of chickens).
Overall, I do think this is a worthwhile read, even if you've been reading similar books for awhile. I think maximum benefit comes to those who are first waking up to the realities of our education and financial system, but that doesn't mean it's a waste for others.
But :Hope the next edition redoes most of the charts, bc most of the long term charts in "arithmetic scale" which misleads a reader= they are fake ! Robert : The Fed uses arithmetic scale . Please redo long term charts to *semi-log scale* . Then they dont look parabolic at the end.
If you have a 4% trend from 1900AD to 2019AD on arithmetic scale you get a parabolic type chart at the end , while on semi log scale (aka log scale) you get a nice trend line of 4%. I will personally teach this distinction to high schoolers. Maybe you could make 'visual fakes' a new chapter ?! Arith vs Log probably not the only visual FAKE out there. How about when the news changes the visual on favored/ unfavored guest (i can think of 8 ways ) .
But again, so amazing someone brought it all into ONE BOOK . Excellent . Best since GRUNCH !
I am on page 125, and I still feel like I want to keep reading.