Customer Reviews
Great content, Loooong book - By: Pito Perez, 31 May 2006 
This is the second book of the series that I read. I found it very interesting with great unconventional ideas, it really motivates you & makes you start thinking about your working life. I would recommend it greatly especifically to young graduates & people at university.
This book really shows that Kiyosaki is a best-selling author (as he mentions it) but that he's not a best-writing author, to be honest I think he could've summarised all his information into a much smaller & attractive book, he generally repeats the same terms over & over, evenin the course of 2 pages he repeats the same quotation of his rich dad around 4 - 5 times. The latter makes the book quite tedious to read, however if you are prepared to leave this at a side, the content of this book will be mind blowing especially if you are decided to expand your reality & you are open to new ideas that go exactly the opposite way as we where taught.
Essential Look at How You Must Think and Act to Prosper! - By: Donald Mitchell, 01 Jul 2004 
This book deserves more than five stars for its exceptional clarity, authenticity, relevance & eloquence.
Those who love the Rich Dad, Poor Dad books will adore this one. I found it to be the best bookin the series since Rich Dad, Poor Dad.
Mr. Robert T. Kiyosaki speaks with the authority of experience. He did retire young at 47 while his wife was 37. At that time, his expected annual income was between $80,000 & $125,000. Many people yearn for early retirement with wealth, mostly because they hate their work. Mr. Kiyosaki was soon back at work, establishing new businesses. Most of his wealth was created after he retired. "I keep working because there are so things that need to be done." So, he has clearly moved from earnings a living, to living a mission of self-expression. That's very wonderful, & I hope you will accomplish the same result!
Although the subtitle says this is "how to" book, it's really more of a "what to think" book. The fundamental concept is to leverage your mind, your plans, your actions, & your priorities to get wealth faster & more easily.
As usual, Rich Dad provides some wonderful quotes. Here are a few of my favorites.
"David could beat Goliath because David knew how to use the power of leverage."
"Cash flow is the most important wordin the world of money. The second most important word is leverage."
"Leverage is the reason some people become rich & others do not become rich."
"Because leverage is power, some people use it, some abuse it, & others fear it."
"Getting rich begins with words & words are free."
" . . . do more & more with less & less."
The first booksin the Rich Dad, Poor Dad series have been about cash flow. This one shifts over to leverage. Section 1 is about leveraging your mind, section 2 looks at leverage from a plan to retire, section 3 addresses leverage from actions. The book goes on to give you a final exam on your attitudes & a challenging thought to chew on to help get you focused properly: making lots of money with no money to start with.
Now, any book about leverage would normally have lots of pages on how debt leverage works. In fact, that is only a small part of what this book talks about. You will find that discussionin part of chapter 16, which looks at all of the forms of leveragein real estate.
One of the strengths of the book is a fine discussion of how to think about risk & reward. It's not how often you fail, but how big the costs of your failures are compared to the rewards of your successes . . . & your determination to keep trying until you succeed. For instance, 9 out of 10 new businesses fail. But the value of the 1in 10 that succeed should vastly outweigh the costs of the 9 failures.
The book is excellentin warning you against the risks that you are unconsciously taking. Most people have 100% of their financial futures tied upin government pension & Medicare payments & the stock market. Mr. Kiyosaki correctly points out that this assumption is probably faulty, because there are far more Baby Boomers depending on these two resources than there are resources. One part of the leverage concept is to have more streams of cash flow. He also has excellent ideas on how to reduce riskin your current & potential sources of cash flow.
You are also given a list of good habits to pursue. And top tips from the prior books are repeatedin a convenient section near the end of the book.
If you follow the advicein this book, it will be worth more to you & your family than all the other investment & retirement books that you read combined. But you have to take action! Thinking about taking action won't get you there.
I would describe this book as being a lot like Tony Robbins's book, Personal Power, except it is focused effectively on the emotional & mental disciples needed for financial security & investing.
By the way, I have known many people who have retired young with the assistance of being rich. They all embody the principles capturedin this book. By contrast, at age 65 only 5 percent of all Americans will be able to afford to live a wealthy life style. Most will be looking for more income. Which group do you plan to be in?
Think & live the thoughts that will make you as rich as you want to be! The solutions are there if you look for them.
Essential Look at How You Must Think and Act to Prosper! - By: Donald Mitchell, 01 Jul 2004 This book deserves more than five stars for its exceptional clarity, authenticity, relevance & eloquence.
Those who love the Rich Dad, Poor Dad books will adore this one. I found it to be the best bookin the series since Rich Dad, Poor Dad.
Mr. Robert T. Kiyosaki speaks with the authority of experience. He did retire young at 47 while his wife was 37. At that time, his expected annual income was between $80,000 & $125,000. Many people yearn for early retirement with wealth, mostly because they hate their work. Mr. Kiyosaki was soon back at work, establishing new businesses. Most of his wealth was created after he retired. "I keep working because there are so things that need to be done." So, he has clearly moved from earnings a living, to living a mission of self-expression. That's very wonderful, & I hope you will accomplish the same result!
Although the subtitle says this is "how to" book, it's really more of a "what to think" book. The fundamental concept is to leverage your mind, your plans, your actions, & your priorities to get wealth faster & more easily.
As usual, Rich Dad provides some wonderful quotes. Here are a few of my favorites.
"David could beat Goliath because David knew how to use the power of leverage."
"Cash flow is the most important wordin the world of money. The second most important word is leverage."
"Leverage is the reason some people become rich & others do not become rich."
"Because leverage is power, some people use it, some abuse it, & others fear it."
"Getting rich begins with words & words are free."
" . . . do more & more with less & less."
The first booksin the Rich Dad, Poor Dad series have been about cash flow. This one shifts over to leverage. Section 1 is about leveraging your mind, section 2 looks at leverage from a plan to retire, section 3 addresses leverage from actions. The book goes on to give you a final exam on your attitudes & a challenging thought to chew on to help get you focused properly: making lots of money with no money to start with.
Now, any book about leverage would normally have lots of pages on how debt leverage works. In fact, that is only a small part of what this book talks about. You will find that discussionin part of chapter 16, which looks at all of the forms of leveragein real estate.
One of the strengths of the book is a fine discussion of how to think about risk & reward. It's not how often you fail, but how big the costs of your failures are compared to the rewards of your successes . . . & your determination to keep trying until you succeed. For instance, 9 out of 10 new businesses fail. But the value of the 1in 10 that succeed should vastly outweigh the costs of the 9 failures.
The book is excellentin warning you against the risks that you are unconsciously taking. Most people have 100% of their financial futures tied upin government pension & Medicare payments & the stock market. Mr. Kiyosaki correctly points out that this assumption is probably faulty, because there are far more Baby Boomers depending on these two resources than there are resources. One part of the leverage concept is to have more streams of cash flow. He also has excellent ideas on how to reduce riskin your current & potential sources of cash flow.
You are also given a list of good habits to pursue. And top tips from the prior books are repeatedin a convenient section near the end of the book.
If you follow the advicein this book, it will be worth more to you & your family than all the other investment & retirement books that you read combined. But you have to take action! Thinking about taking action won't get you there.
I would describe this book as being a lot like Tony Robbins's book, Personal Power, except it is focused effectively on the emotional & mental disciples needed for financial security & investing.
By the way, I have known many people who have retired young with the assistance of being rich. They all embody the principles capturedin this book. By contrast, at age 65 only 5 percent of all Americans will be able to afford to live a wealthy life style. Most will be looking for more income. Which group do you plan to be in?
Think & live the thoughts that will make you as rich as you want to be! The solutions are there if you look for them.
Essential Look at How You Must Think and Act to Prosper! - By: Donald Mitchell, 05 May 2004 This book deserves more than five stars for its exceptional clarity, authenticity, relevance & eloquence.
Those who love the Rich Dad, Poor Dad books will adore this one. I found it to be the best bookin the series since Rich Dad, Poor Dad.
Mr. Robert T. Kiyosaki speaks with the authority of experience. He did retire young at 47 while his wife was 37. At that time, his expected annual income was between $80,000 & $125,000. Many people yearn for early retirement with wealth, mostly because they hate their work. Mr. Kiyosaki was soon back at work, establishing new businesses. Most of his wealth was created after he retired. "I keep working because there are so things that need to be done." So, he has clearly moved from earnings a living, to living a mission of self-expression. That's very wonderful, & I hope you will accomplish the same result!
Although the subtitle says this is "how to" book, it's really more of a "what to think" book. The fundamental concept is to leverage your mind, your plans, your actions, & your priorities to get wealth faster & more easily.
As usual, Rich Dad provides some wonderful quotes. Here are a few of my favorites.
"David could beat Goliath because David knew how to use the power of leverage."
"Cash flow is the most important wordin the world of money. The second most important word is leverage."
"Leverage is the reason some people become rich & others do not become rich."
"Because leverage is power, some people use it, some abuse it, & others fear it."
"Getting rich begins with words & words are free."
" . . . do more & more with less & less."
The first booksin the Rich Dad, Poor Dad series have been about cash flow. This one shifts over to leverage. Section 1 is about leveraging your mind, section 2 looks at leverage from a plan to retire, section 3 addresses leverage from actions. The book goes on to give you a final exam on your attitudes & a challenging thought to chew on to help get you focused properly: making lots of money with no money to start with.
Now, any book about leverage would normally have lots of pages on how debt leverage works. In fact, that is only a small part of what this book talks about. You will find that discussionin part of chapter 16, which looks at all of the forms of leveragein real estate.
One of the strengths of the book is a fine discussion of how to think about risk & reward. It's not how often you fail, but how big the costs of your failures are compared to the rewards of your successes . . . & your determination to keep trying until you succeed. For instance, 9 out of 10 new businesses fail. But the value of the 1in 10 that succeed should vastly outweigh the costs of the 9 failures.
The book is excellentin warning you against the risks that you are unconsciously taking. Most people have 100% of their financial futures tied upin government pension & Medicare payments & the stock market. Mr. Kiyosaki correctly points out that this assumption is probably faulty, because there are far more Baby Boomers depending on these two resources than there are resources. One part of the leverage concept is to have more streams of cash flow. He also has excellent ideas on how to reduce riskin your current & potential sources of cash flow.
You are also given a list of good habits to pursue. And top tips from the prior books are repeatedin a convenient section near the end of the book.
If you follow the advicein this book, it will be worth more to you & your family than all the other investment & retirement books that you read combined. But you have to take action! Thinking about taking action won't get you there.
I would describe this book as being a lot like Tony Robbins's book, Personal Power, except it is focused effectively on the emotional & mental disciples needed for financial security & investing.
By the way, I have known many people who have retired young with the assistance of being rich. They all embody the principles capturedin this book. By contrast, at age 65 only 5 percent of all Americans will be able to afford to live a wealthy life style. Most will be looking for more income. Act now . . . to have a choice of future life style.
Think & live the thoughts that will make you as rich as you want to be! The solutions are there if you look for them.
Perpetual Motion Machine - By: J. Walters, 23 Feb 2004 
The search for easy wealth is akin to the search for the "perpetual motion machine". It doesn't exist & this book also fails to deliver. Much of the advice deals with the USA only & the tax advice does not apply to the UK. Anyway if everyone took up the advice & reduced their payment of taxes governments would collapse; but then they wouldn't - the tax goal posts would be moved. I was unimpressed by the advice which could have been written on three pages, the rest being a repetitious mantra of this imaginary "rich dad" anecdotes.
My advice on the first step to being wealthy is save your money & do not buy this book
