- Audible Audiobook
- Listening Length: 9 hours and 15 minutes
- Program Type: Audiobook
- Version: Unabridged
- Publisher: Rich Dad on Brilliance Audio
- Audible.com Release Date: February 23, 2015
- Language: English
- ASIN: B00TXPD014
- Amazon Best Sellers Rank:
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Second Chance: for Your Money, Your Life and Our World Audible Audiobook – Unabridged
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The basic philosophy of this book is that "a coin has three sides. Heads, tails and the edge." If you learn to live on the edge, you will see both sides of a situation. You can then decide what is right for you. He also makes some good arguments as to the inadequacy of our education system and our government. His theories provoke you to think. It is a very interesting read and I cannot wait for his next. If you are new to Robert, my favorites are Rich Dad Poor Dad, the Cash Flow Quadrant, The Midas Touch and Second Chance. They have all changed my business and led to much success both financially and in quality of my life.
I've read all of his books liking most books but some not so much. I felt his best work was RDPD and CASHFLOW QUADRANT. In fact, he quotes a lot of CASHFLOW QUADRANT in this book. This is not neccessary a bad thing, especially if you have not read it. A lot of this book is about his relationship with Buckminster Fuller who was a very unique person and who, apparently, affected Kiyosaki a great deal.
BTW - I had always heard that RDPD had started out a 4 page pamphlet so it was nice to hear that from the authors own pen.
Just a little about myself for a moment - my wife and I are both pharmacists. As many of you know this has been a hot area for a couple of decades in terms of salary, etc. We were in the right place at the right time with the right skill set. When we started out in 1982 we had a negative net worth of around -$50,000 including our student loans and our cars. We were able to buy our 1st house 13 months after we got married because were able to save almost $12,000. Due to some luck, much hard work (for example I've worked 26 Thanksgivings since 1982) and living below what we could have we now have a NW (net worth not including my paid off home) of around $2,000,000. My grandfather taught me much of this way of life but Kiyosaki motivated me to use his teachings. I don't always agree with what he says but his books always make me think.
Don't believe everything you read REGARDLESS OF WHO WROTE IT - do you own thinking and fact checking then use that to make choices. ANYONE who really wants it can get to $1,000,000 NW. It won't happen in a week or 6 months but it CAN happen. You must continue to grow and expand your knowledge AND you must use that knowledge. Find youself a mentor and then work your butt off. You will notice a huge difference in 10 or 15 years between where you are and where most other people are. Most people want to be rich without understanding what that means or how to get there. You must write down what your goal is and then achieve it in small steps. That might mean things like I will be worth $25,000 in 2 years. Start small and have a much bigger goal in mind.
I would rate this book a sold 8 to 8.5 out of 10.
There's a lot of repetition, a lot of mashup from his concepts of all his teachings, and its thick ... but an easy read.
Absorb it to the very last pages, to get the real meat of where he wanted to take you on your Second Chance ... his true strength, and
courage comes from pointing you back to the inner self, and where your true dreams lied, and still burn.
But you have to read to the end, for those questions, Robert, would like you to ask yourself. Those five (5) questions, will have you aligning your thinking, and act as great guardrails moving onto your 'Second Chance'.
The book is timely as it addresses how readers might want to think now about the global situation regarding investment decisions. Kiyosaki does not make your decisions for you. Instead he presents conventional thinking vis a vis alternate approaches you might take as two sides of a coin. As a now informed decision maker standing on the third side - the edge - you decide on your course of action.
By simplifying the detail in his best seller Richdad Poordad, the lesson on how to use debt toward success is very well explained. The example he gives is one of the better parts of the book.
From the above the takeaway is a lesson in the mechanics finance of how Mr. Kiyosaki succeeded and you can too.
You won't find details on where to go if anywhere in preparation for hard times or how to set up a bank account account in another country or the like. There are other sources for this.
It is somewhat surprising that there was not more on gold and silver given Mr. Kiyisaki's support of Mike Maloney regarding the importance of precious metals in other venues. Mike Maloney's book Guide to Investing in Gold and Silver can be found on Amazon.