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Product Description

It's the American dream - making so much money at an early age that you could decide when to retire, knowing full well that you have enough stashed away to ensure a life of comfort. In this new book, the fifth in the Rich Dad series, financial guru Robert Kiyosaki provides practical insight on how to put together a financial plan which will not only make you prosperous, but will also allow you to map out the freedom to choose your own retirement age.

Customer Reviews:

• Good Book! I recommend
  I recommend this book if you like Rich Dad, Poor Dad. I think it is a great book, definitly worth reading. I like the way Kiyosaki stresses the power to achieve your dreams is in your mind. Get a positive outlook, and look for things previously unseen to you....more info
• There Is Nothing Wrong With a Job as Long as You Know What You Are Doing
  The companion product that goes with this book is Choose to Be Rich, an audio program. When I got that program I filled out the income and expense statement that came with it. I used where I was to guide where I wanted to go.
  
  This book is useful because it provided the Kiyosaki's exit strategy for exiting the "Rat Race". They exited at $120,000 dollars and they lived on 50% of those earnings so that they could continue to invest.
  
  Wealth creation isn't over when you hit a specific number or quit your job it is a life-long process. Kiyosaki's teaching is that it is okay to have a job as long as you are minding your own business and as long as you are becoming financially literate.
  
  This book is a must read....more info
• IT'S ALL IN THE MIND, SO TRUE
  Of all the RICH DAD books this is my most favorite.
  Why? Simply because we've got someone who can walk the talk, telling us that most of the resistance we experience in making money is our own limitations.
  
  It didn't make sense when I was working a day job. Sounded like a bunch of huey, really, but, once I started down the entrepreneurial path, that all changed.
  
  I'm in total agreement. Most of the limitations Americans experience with wealth is all in their heads.
  
  That said, for those willing to take a deep look in themselves and who are willing to grow, this is one of the best books on the matter.
  
  Highlights included:
  
  (1) The most expensive advice is free advice b/c the wrong advice can destroy you. How many times do we take advice from next door neighbors about stocks when they know nothing, or, almost nothing? What does this have to do with mental limitations. Plenty. The people we associate with or want to believe can hold us back if their advice isn't accurate. I wouldn't take advice from journalists on TV, who make less than 100k yet give advice on the stock market daily, would you? Well, lots of people do listen to them.;
  
  (2) The power of expanding one's reality. How many things do we feel are not true yet are? Wasn't their a time when we believed man could not fly and now we can fly?;
  
  (3) Why do most of us not have a financial plan? Why do we rely on the govt to take care of us? Why do we choose to not have a long term plan?;
  
  (4) Why the language we use restricts us even if we choose to believe it. If we say CANNOT or SOMEDAY how does that make us feel? How does it not serve us?;
  
  (5) Setbacks and how they help us. Most people give up when they're really close.;
  
  (6) How to create a winning team to assist you;
  
  (7) The velocity of money application; and
  
  (8) all types of leverage to achieve our financial goals.
  
  Highly advised reading.
  
  NOTE: I think RK sometimes makes things sound easy. While some of the concepts are simple, nothing is easy. I did pre-foreclosures for a couple of years and that was tough work. I made enough money to sit back and reflect and now I'm doing something I want to do: write a novel. I don't plan to return to real estate but I do appreciate the many financial lessons. 12/20/05....more info
• An enlightening novel
  This is the novel that did it for me. It is the third novel of Robert T. Kiyosaki's that I have read. I also have read Rich Dad Poor Dad, and Cashflow Quadrant. The first two books were exciting to read, the information in them is priceless. But this is the book where I finally realized the power of what I think. There is one particular line that I remember especially, First identify what I am afraid of, then ask myself what I want instead, then ask myself how to get it. As he says repeatedly, it is not the content that matters as much as the context. I don't know if I really understand all the stuff about leverage. But what is more important than that, is that I limit me. My thoughts limit what I do, and they also allow me to retire young and rich. I don't know how someone can't like these books unless they are a cynic, arrogant, or lazy. I encourage you to buy this book and read it. And then read it again like I am going to do....more info
• Kiyosaki owes me 1 star
  Robert Kiyosaki does a disservice to his readers by presenting unrealistic scenarios of easy profits. If it truly were so easy, the deals would have been snapped up by now. His comments on stock tips, housing depreciation, and expensing watches and vacations as business costs are not only inaccurate, but ILLEGAL. His disdain for education is reflected in his poor writing....more info
• Not another "Get Rich Quick" book... Thank Goodness
  I would first off like to address the person who said that Kiyosaki "ignores the fact that 9 out of 10 small businesses go belly-up in the first five years". First off, negative thinking will get you nowhere. Second, in my reading of this book, Kiyosaki in fact mentions this fact at least THREE times in this book in sufficient detail. Kiyosaki acknowledged this as a fact but also mentioned that it also means that 1 out of 10 small businesses are succesful. Meaning you have to be willing fail 9 times. You learn more from failing than winning. If everything was easy then everyone would be rich. He mentioned that one of his friends lost $1,000 on 14 straight trades, but made $50,000 on the very next one. The reason why a lot of people do not like this book is because they are perhaps expecting a "get rich quick" scheme; we already have enough of those.

  For those that understand where Kiyosaki is coming from, his intention is NOT to tell people HOW to get rich quick, instead it seems to me that his main goal is to get people out of the context that they have to work for others and depend on these people in order to be rich. For most people this is not going to happen, as long as your working for someone else no matter how much you make, you will NEVER be truly free. Until people realize this they will be forever trapped in this world we call corporate America.

  Kiyosaki does an excellent job in this book, he again hammers home the fact that "How" to get rich is not nearly important as "Why". Once we have our "Why" the "How" part becomes easier. The points and "lessons" he uses in this book can be retitive, however this is nessacary in order to get his point across. One point that he made that continuously sticks out in my mind is that the more money you make at your job, the more you become dependent on your job to take care of you. This is why he said his "Rich Dad" made him and his friend work for free so they can come up with ways to make money on their own.
  If any of us were forced to work for free, I think we would be VERY motivated to find other ways to make money. In this case our "Why" would be simple. The reason why our "Whys" are so hard is because most of us our "blinded" by our salaries. But in reality we are working for nothing. The money we do make is taxed heavily and even worse, our companies could reduce our salaries or even worse lay us off anytime they get ready. After we are laid off, what do most of us do? - Find another job and the process starts over again. I admit I am still caught in the rat race at 26 but after seeing what my company is starting to do and how they treat their employees, I am beginning to realize the importance of working for myself and not for someone else.

  Again the point of this book is to find our "Why" in order to get out of this rat race. Many people will not like this book because it gives very few specific examples on how to get rich. (He does however mention Real Estate and the Stock market numerous times). Different things work for different people and the key is to FIRST find your "WHY". After you find your "WHY", THEN find what YOU like and WANT to do, not just blindly DO what someone else did to become rich. If you are looking for a book that will change your CONTEXT and thinking about money and WHY you would want to make it for yourself, then this book is for you, however if you are looking for a "Get Rich Quick" program, then you are better off staying up late and watching the endless informercials that come on TV....more info

• Powerful and timely advice--Pure Genuis!
  With major companies continuing to layoff en masse and the stock market still an uncertainty, Retire Young and Rteire Rich offers both timely and powerful advice.

  Citing myself as an example, I became my own financial advisor back in April 2002, dumped the expensive loaded funds and boring stocks that my broker had me in. Replaced them with no load funds and powerful stocks and also started using options.

  I also took Rich Dad's advice and started to "mind my own business" exiting the "yes master", trade time for money employee syndrome and started my own business. Not only am I making more money, but having a lot more fun to boot.

  What turned me around? The opposite thinking as espoused by Rich Dad between the middle class and the rich.

  For example, the middle class think:

  A safe and secure job (dream on baby!)
  A big house (house is your greatest asset!)
  Save money (take no risks!)
  The rich are greedy (hmmmm??)

  Here is how the rich think:

  Start a business (greatest security is working for yourself)
  Buy apartment houses and rental properties (real assets)
  Invest (saving money is the real risk)
  The rich are generous

  I used to think that a high paying job was the way to go. Now I
  know that real wealth comes from cash flow from assets.

  President Bush's new tax plan will make investing even more profitable and the best news is that this is available to everyone, not just the rich.

  I highly recommend Retire Young Retire Rich to help you reach your goals....more info

• Order is Not Important - The Message Is!
  Many know that I am (proudly) an advocate of the teachings of Kiyosaki. However, that does not mean he can get off without some constructive criticism every now and then as I see it.
  
  First the positive: Retire Young - Retire Rich (RY-RR) is an solid (but not necessarily essential) component of the RDPD series of books/products. Within RY-RR one will review the key components of his prevous books and add to the base the important role of leverage and how it accelerates one's goal of becoming financially independent/wealthy. As I have stated in previous reviews, he begins his books after RDPD with a sound review of previous lessons and fundamentals and ends with new thoughts/introductions to new concepts. Within RY-RR leverage is applied/incorporated to the teachings of the first three books of his RDPD series and when combined - accelerates wealth-building. Specifically, he introduces an explanation (backed by sound references - primarily by government sources) of the passive-portfolio income levels. Second, he discusses in-depth that retiring young and rich is not about thinking differently, but thinking the opposite of how the poor and middle class think. Next, in Section III (until the end), he goes into the leverage of passive and portfolio income strategies that will accelerate one's goal of becoming financially independent while you're still young enough to enjoy it.
  
  However, there are flaws. This book, if you read the first three books in the series (and maybe the fourth, which I don't consider in my reviews because of the target audience, which I am not a part of) will be slow - Sections I and II were forced reads. One may find the need to read hoping to catch every gem of wisdom and thought of a powerful force in the finance/investment world (Kiyoaski), but may find it slow. Having read the first few books in the series, the power and discussion of leverage may seem a bit late - either because you know about it and/or discovered it if you are an action-oriented reader. Also, I agree that the concept of leverage is important - it is a KEY ingredient to beooming financially successful and independent. This book would have been better placed within RDPD and CFQ with Section III being incorporated within Rich Dad's 'Guide to Investing.'
  
  Now if you are only a casual reader of investing and finance then let me disclaim and insert a spoiler: Read pg. 104 and you have what you're looking for. But if you really want to continue in building your millionaire mindset influenced by Kiyosaki - read the entire book and have fun with Section III.
  
  The good news as the reviewer of this book is that Kiyosaki stands firm and I believe in his concepts because they are many of the concepts I utilize in my investments. Furthermore, a financial paradigm shift is a on-going process. Sometimes redunancy is good - but again, in this particular book, it goes on too long. Allow me to give you some key points to focus on:
  - Serving more and more people with less and less effort
  - Adhearing to and following your plan even during times of disappointment
  - Conepts of shorts, puts, and options - don't gloss over this: If you are a "doer" in this section, you may disagree with Kiyosaki points (some of which I do), but the concepts are well-explained in lay terms.
  
  Bottomline: Is RY-RR essential reading in the Kioyaski series? The answer is "no," plain and simple. Is it worth the read? To use one of Kiyosaki's favorite phrases: "It depends." It depends on where you are financially, your knowledge base, and your understanding and application of his previous work. But just as important: It depends on your patience to get through the first two sections of the book and overcoming what I am confident will be a shared opinion: Your willingness to hear the same message again with the topic of leverage appearing two books too late.
  
  Oh - least we all forget: Kiyosaki, as of the placement and order of this book within his series, does not give you a blueprint. So, if you're reading hoping that it's written with concrete steps of how to reach the affluent-super rich categories then don't buy - I will argue that you will be disappointed almost with every book written by him. But if you seeking fundamentals and looking to increase your knowledge level and expand on the mind-set format of which he writes for a practical $18.00 value - you may enjoy (all points considered in the review above). ...more info
• Will You Be Able to retire at all???
  Times are tough in 2009. Foreclosures are at an all time high. Unemployment has hit levels not seen since 1983. The stock market is approaching 1996 levels. Big once thought solid companies are closing. Many are losing pensions. 401 (k) is looking more like a 101 (k). What the heck is going on? Will you be able to retire?
  
  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 (yes real estate, preferably paper---my choice---no tenants, repairs etc.)
  
  Network marketing is also a very viable opportunity. Low cost and in times like we are facing now, network marketing flourishes. There never has been a better way to promote any product than by word of mouth. With network marketing you also have many tax benefits. With a J-O-B, (if you have one) there are no tax benefits and you have no control. You can create immediate and residual income in network marketing and take control. However, be careful. Some network marketing companies are gimmicky and many companies masquerade as network marketing but are really illegal pyramid schemes.
  
  You can start a more conventionial business. But that requires an investment, time expertise and is high risk. In many cases, you buy yourself a job. You do get to work half days though. All you have to do is decide which 12 hours you want to work.
  
  Or you could write a book. Self publishing is popular today because many people have excellent ideas and eager to disseminate these ideas in the form of a book. However, there are many books out there already and many of these self published books are just clones of other books.
  
  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. Especially now.
  
  Great book. Maybe his best to date.
  ...more info
• Caution is advised...
  RY RR, and basically all of Kiyosaki's books, are motivators. They try to rev up people about going out and being creative in their finances and working outside the traditional job market.

  Ok. That's good. Most people ignore their economic health far too much and ignore possibilities for creative investing / owning a business and thus scuttle their chances for a comfortable retirement or financial independence.

  But Kiyosaki, while giving the reader no hard data, seems to think that owning your own business/investing in real estate is very easy. He encourages people to quit their jobs and work for themselves. He ignores the fact that 9 out of 10 small businesses go belly-up in the first five years. He ignores the fact that many small businesses never make sufficient profits to for a famliy to live on. He ignores the fact that real estate has business cycles, management can be a huge headache, and there are many hidden costs that can cripple small scale investors. What are these people supposed to do now that they've blown their savings and have no job?

  Motivation is great, but without education novices are going to fail. Kiyosaki provides nothing beyond the most rudimentary education in this or pretty much any of his books. He does encourage further reading, but he really needs to inject a bit of reality into his books.

  Furthermore, Kiyosaki appears to be making up most of his personal experiences. A review of the Maricopa County, AZ assessor (where he lives) shows that he owns only two properties: his own home(worth far less than he claims) and one possible single family rental. Not what the reader is led to believe. Historical records also indicate that he wasn't exactly the real estate mogul that he implies to his readers in the 80's and 90's in AZ. He did own a few properties, but his net worth and passive income could not have possibly been what he claimed based on it. It's also doubtful if he made the kind of fortune he claimed before his books hit it big.

  Even the omniscient Rich Dad appears to be a myth. Seems like it'd be easy to track down the multimillionare who lived on the same street as Kiyosaki when Kiyosaki was growing up. But nobody living or dead seems to fit the bill. In fact, nobody living or dead in Hawaii seems to have owned the variety of businesses that Kiyosaki claims Rich Dad owned. Couple this with the fact that Rich Dad doesn't get an acknowledgment in Kiyosaki's early books (which give acknowledgements to pretty much everyone else, including his Poor Dad), and it seems that we're all being swindled.

  So, take this book with a big grain of salt. Use it to get motivated about taking your financial destiny in your hands, but please learn from qualified advisors before you risk everything....more info

• A bit old
  This is Rich Dad Poor Dad reprinted with a few additions. The message of the book is correct: create assets that create passive income, avoid debt, get out of the rat race, don't count on job security etc.
  
  One element is missing, though. The risk of building a business is also high, as well as failure rate. Kyosaki is a very successful businesman, but like many other successful people he fails to mention the role of chance in building a successful business. Yes, if you persevere, you may build a good business and become financially independent. But you also have a chance of being broke, bancrupt and have a heart attack. Dentists on the average financially do better than college dropouts, even though some of the dropouts may become very rich, like Bill Gates.
  
  By all means, read this book and follow its principles. But read also Taleb's "Fooled by Randomness", a sobering balancer....more info
• A good read
  Like other author's book, this one is also easy to follow, a good bedtime read. Unfortunately like other books it lacks more specific detail on the subject although it is present more here then in the other books.
  
  The whole series is a good eye opener but author would do all of us a favor if he would make all of it into one book....more info
• Good Motivator
  Once again, the Rich Dad series has an inspiring and motivational book. No it doesn't give you all of the answers, but tells you how you need to think to be rich. Why do most lottery winners go broke? Because they don't know how to think and act rich and just blow their money. This book will definitley help you think rich and become rich if you beleive in yourself....more info
• Changed how I thought about money and spending
  This was a great book for me because I am very good at SAVING money, though not very good at spending it. This book changed how I thought about what it meant to be rich. Some of the richest people I know do not work very hard. There is a reason for this, and the author explains this in a way that will get through any thick skull. I began to read this book less than one month ago, and have already stretched to purchase rental property that will soon be profitable. Though it isn't totally comfortable (or in my "reality" as the author explains), I am convinced it is the best way to achieve financial independence and work now toward working LESS in the future. I thank the book for this confidence.

  A few notes about Robert's writing: if you are looking for a book that defines a "recipe for success", this is not it. If you're looking for an eloquently written book, this is definitely not it. BUT...this book explains, sometimes philosophically, what it means to have other people's money work for YOU and for YOU to control when and how you pay your taxes. He makes many references to other books in the Rich Dad series (which I have not read), but summarizes those references so you aren't lost as to what he is talking about. He gives many examples from he and his wife's life in where their decisions have taken them. He DOES NOT tell you to go out and buy A, B, or C. Those are for you to determine based on the lessons.

  This books sticks in my head throughout the day, and in my decisions about spending, investing, saving, and working. I am thirty years old, single, and feel like this book was some of the best money I spent, and even better that I did not wait ten years, or until I was married, or even until tomorrow, to learn these lessons.

  Highly recommended by this reader!...more info

• Is this a book or a biography??????????? cmon robert
  I will start off with, DO NOT BUY THIS BOOK! I heard alot about this gentleman and figured id read one of his books. I first thought, hmm , well maybe it will get more interesting as I read on. Well I read the book cover to cover and it was nothing more than him rambling on about how him and his wife made their millions but nothing about actually HOW TO DO IT! Yeah he had a couple good points (*note..a couple), I'll give him that. He needs to stop talking about himself and his "rich dad" and write about material people can actually use. Sorry Robert.........But ive found Russ Whitney!...more info
• Very good guide
  Wish I read it when I was 15! A very good and clear book on creating value in terms of assets and cashflow. Though much is said about properties, it can be applicable to many businesses or ventures of a passive income nature to work towards financial freedom....more info
• Check Out the Person
  Saw this guy hawking his hype on TV and decided to do a little background checking. While his general priciples are expoused by any financial "guru" the fact remains he's been bankrupt at least once following his own information. Real estate is risky business and not the bed of roses he makes it out to be. Just wait until your first stinker of a renter and when the state comes a calling because the person you rented a 1 bedroom apartment to has two kids and the law doesn't allow this (after the person told you they had no kids).
  
  Wouldn't surprise me that most of his money comes from selling these books more than real estate....more info