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Rich Dad's Guide to Becoming Rich...Without Cutting Up Your Credit Cards

From Business Plus

Binding : Paperback
DeweyDecimalNumber : 332.02401
EAN : 9780446697521
ISBN : 0446697524
Label : Business Plus
Manufacturer : Business Plus
NumberOfPages : 88
ProductTypeName : ABIS_BOOK
PublicationDate : 2003-12
Publisher : Business Plus
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Customer Reviews

Rating:
Summary: Financial Education
Comment: If you want to get out of the money trap this is a book you should read.
Very important financial literacy.
Rating:
Summary: inspirational and down-to-earth
Comment: I have read first five of "Rich Dad, Poor Dad" series and liked them all. This one is short and concise summarizing key points of all his previous books, but he shared a few personal experiences I have not read about in his other books.

I personally found this short title inspiring and motivational. He discussed timeless principles of making change in life (paying the price, change pyramid, etc.), concept of good and bad debt, and ways to eliminate bad debt.

He offers almost a complete system of getting financially educated, upgrading your mindset, and building wealth. But as he said that all the right answers you got from books or schools will not change you unless you are willing to change and pay the price - the price is to take personal accountability, act on what you learned, make mistakes, fail, learn from it and do it again...

Following a similar debt reduction plan in this book I have paid off all my debt including my mortgages. Now I am debt free and save up 20k per year to invest by myself in addition to my 401k.

I strongly recommend this book to anyone who is struggling financially, so you could review it often during your transition, and you can also use it as a reference to teach your children about financial matters and help them acquire a wealth mindset.
Rating:
Summary: Debt: Good or Bad?
Comment: Rich Dad Poor Dad has become one of the single most successful-best selling financial help books ever---and for a good reason; the advice works. Right now in this recession there are so many opportunities - that it's time to take a second look and re-double your efforts - so read it again! What does it say? It tells people not what they want to hear, but they need to hear. Also recommend is Rich Dad's Guide to Investing which offers better investing strategies than just blindly buying mutual funds or listening to your broker without rhyme or reason - we all know where that got us - when the market is hot, brokers take credit, when it's down, they claim it's not their fault.

Most of us know that the real secret to making money and reaching financial success is not staying an employee, but starting a business and making it work. But what if you are stuck in debt? Debt can be good or bad, some people borrow their way to trouble - like GM others like Trump borrow their way to success. Then you need to read this book and not make the mistakes GM and others - big and small can make. This should not be your first Kiyosaki book, however, if you have decided to take advantage of this wonderful recession to make your millions, then this book should be read after reading his main books.

What is interesting to me is what Kiyosaki has in common with Horatio Alger, as Alger's books - novels of rags to riches - were very much like the effect one has reading a RDPD book. Not only uplifting, (all Alger's books are uplifting and very powerful in that way), but Alger always explained in his novels HOW a person was successful, (even down to the math), and these were more than principles, but examples that someone could duplicate in a different business and move forward, succeed and prosper. Kiyosaki does the same in his books, and I would recommend you read all the books by all of these authors.
I just found a very nice set of great reprinted Alger books, (I'll leave you with a few). All in all, Kiyosaki, Alder, they are all great, inspiring, and what we need to read in this recession, negative, and cynical world.


Young Captain Jack: The Son of a Soldier
The Young Bank Messenger: A Classic Rags to Riches Story!
Slow and Sure: The Story of Paul Hoffman the Young Street-Merchant
Randy of the River: The Adventures of a Young Deckhand
Phil the Fiddler: A Classic Rags to Riches Story!
Paul the Peddler: The Fortunes of a Young Street Merchant
Paul Prescott's Charge: A Classic Rags to Riches Story!

Rating:
Summary: Another Great Book
Comment: Another Great book to add to all of his others. I find it a great insperation to those of use on the hard road and looking to turn their lives around. Great lessons on what your bankers see as assests and liabilites. A great idea that comes to mind from his book is when he tells us "to get richer buy a car". Use the things in life that we want to drive us to the goals we need to achieve those things.
Rating:
Summary: Rich Dad's Guide to Becoming Rich...Without Cutting Up Your Credit Cards
Comment: The book is written very well. It is hard to believe that Robert Kiyosaki almost failed his English class. It is more of an Inspiration rather than a "Guide", however most of the advice is applicable in the real life and I would recommend everyone, who needs a little "push" in life to read it too.