Robert T. Kiyosaki | Sharon L. Lechter
1 Inspirational, Smart and Easy to read.
This is the second book I've read by Robert Kiyosaki. (Rich Dad, Poor Dad was the other book I've read). The ideas in the book are so valuable that it amazes me when people saw me read the book they would make comments on how the author is scamming people, making money on false hopes. I asked these people, and there were quite a few, if they read any of the author's books. Of course the answer was always a 'no'. I got the book out of the library, in hopes to build ideas. How are you going to learn becoming rich if you blame the rich for several of the world problems? This kind of generalization seems quite popular and creates a stop of the potential growth people have in ever attaining financial education. Am I rich, from reading this book? Not as much as I would like to be; however, the insight I've obtained is invaluable and is worth the price of the book. I also recommend: 'Think and Grow Rich' by Napolean Hill, 'The Secret of the Rich' by Ken Roberts and 'The 7 most Important Areas of Your Life' by Dr. Erwin Jay.
2 Not another get rich quick book
This book really teaches you. I was 1000 dollars in dept and useing this book and a little borrowed money from my bank i was able to pull my self out of dept. I now make several hundred dollars a week from a passive income from a condo i purchased with my friend. It may be hard to understand the term at the begining but just keep reading and you'll easly get the hang of it. You could become the next bill gates. I suggest the purchase of several of his books at once. Read them end to end before you start. be careful maybe go to speach by a similar author even by him. This helps 100's of people and now can help you to.
3 Very helpful Information.
This book would help a lot of people out there. Before reading this book, I assumed that being frugal was a great way to become rich. The most important thing that I learned from this book was that getting rich by being frugal, has a price. Robert does a wonderful job of addressing this issue and other important issues in this book.
4 Like a breath of fresh air
Having read the other books that tell you to cut up your credit cards, what a breath of fresh air this book was in that it showed how to get out of debt quickly and keep my credit cards at the same time.
After a divorce I was left with huge debts. My spouse charged the heck out of our joint cards and left me with the tab. her idea of a joint account was she spent it and I pay for it. Thanks to Robt. Kiyosaki, I was able to 86 all of those debts and in record time.
I highly recommend this book to anyone who wants to get out of debt the most effective way.
5 Rich Dad is fake!
This book shows how Robert has been lying all along. He talks about how he bought his dream car while being homeless. Ok then, how did Robert make the monthly payment? Why would he be stupid enough to sleep in a Porsch as a bum? This guy is such a liar and is trying to con the masses. He is a conman and a good one. Thats why hes a motivational speaker. It takes a good speaker to con you out of your hard earned money. Don't fall for this conman! This book contradicts what Robert has been preaching in previous books. Robert says pay off your debt while he says he bought his dream car while being homeless. That would be odd but it isn't odd because Robert is a professional liar.
6 Guide to Becoming Rich -- Book Summary
Kiyosaki wrote this book as the eighth installment of his Rich Dad Series. The book serves to constantly remind us that the key to increasing our chances of becoming wealthy requires the willingness to the pay the price. Discussing all the get rich schemes, such as game shows or playing the lottery, Kiyosaki writes, "There are better ways to become rich, with much better odds, but most people are not willing to pay the price" (x). The price to pay is the time and money you spend investing in your financial intelligence.
Kiyosaki recalls a truism once observed by Rich Dad, "The only people who think life should be easy are lazy people" (3). Kiyosaki rejects frugality as the best way toward becoming rich. Instead he recommends paying the price for higher financial intelligence, "...another way to become a millionaire is to improve your financial literacy, your financial intelligence, and be willing to be accountable to yourself, your results, your continuing education, and your personal development in becoming a better human being...that was a price I was willing to pay to become a millionaire" (81). Adopting such a mindset becomes tantamount to swimming against the current. Possessing faith and the fortitude to dedicate your life to accumulating wealth in this manner is crucial to overcome such naysayers as friends and family.
Rich Dad also observed, "One difference between a successful person and an average person is how much criticism they can take...Most people feel safer in the herd of the average" (150). Criticism tests one's resolve. You must be willing to make mistakes and to learn from them. Kiyosaki writes, "...the price of becoming rich is the willingness to make mistakes, to admit you made a mistake without blaming or justifying, and to learn" (18). A person who has risked little in life has also gained little.
The book states clearly that the path to wealth is not to cut up your credit cards and decrease your means, but to work to increase your financial intelligence so that you can increase your means by acquiring income-generating assets. This strategy holds the greatest potential for accumulating wealth, but it also requires the heaviest investment in yourself.
7 Not much content
This book was dissapointing, it doesn't offer sufficiently
precise advise except on cutting personal debt. The rest is
vague and frequently refers to the knowledge found in other
Rich Dad book. Save your money to buy one of the better ones.
8 Blatant promotional vehicle
I am in the process of listening to books on CD as my job involoves a good deal of driving. I listenend to Rich Dad / Poor Dad and was invigorated. I decided to add this book on CD to my list. I just got done with it and actually skipped many parts as i felt that it was strictly a vehicle to promote other Kiyosaki products. There were really no new ideas in this book. Don't waste your time or money.
9 Read his other books...
First I'd like to say that in large Kiyosaki has some great ideas, and two of his books (the 1st rich dad poor dad and cash flow quadrant) were interesting reads. Unfortunately, this one isn't one of them. If this book was a set of new ideas or even just compilation of other works it have been pretty good. Sadly, this book just serves as one big advertisement of all of his other products, such as his board game, which he dedicates almost a full chapter for advertising it. There are glimmers of good information, but most of it is very vague.
To summarize, I wasn't very happy to buying and reading a paperback commercial. I would recommend his other books, but I'm not sure I even have respect for the author anymore.
10 Rehash of previous material
Nothing new in this book that hasn't already been mentioned in his other books.
Forget about getting rich with this guys advise.
Get a good broker and invest on the Dow, is my advice to you.
The only person who is gonna get rich from this book is the guy who wrote it.
11 Really Enjoyed It
Although this book reinforces the topics covered in his earlier books (a lot of review), there are some helpful tips toward the end and it's an easy read!
-Rich
www.richdadpoordad.us
12 Good Debt vs Bad Debt
In this new book by Robert Kiyosaki and Sharon Lechter, C.P.A. you will learn the difference between good debt and bad debt and you will learn Financial Literacy --- Rich Dad style. Kiyosaki quotes Rich Dad; "The problem is not the credit cards---it is the lack of financial literacy of the peron holding the credit card that is the problem. Getting financially literate is part of the price you need to pay to become rich." (page 9)Although not a very big book (7 chapters and 83 pages), Rich Dad's Guide to Becoming Rich Without Cutting Up Your Credit Cards is a must read for anyne who wants to become rich.I highly recommend it.
13 Powerful and timely advice--Pure Genuis!
I like my credit cards too and believe that cutting them up is a major mistake.
With the holiday season upon us, many people will attempt to elevate their lifestyle with credit. Better to use that credit as leverage to buy investments that will create passive income as Kiyosaki explains in this book. Go easy on buying gifts. Be generous...but be careful.
14 Another "reviewer from Chicago" responds
I have to admit that the Amazon Board is pretty amusing. We have this guy claiming to be "the true reviewer from Chicago" giving this book five stars but Rich Dad Success Stories only 3 stars because there not enough business success stories to warrant 5 stars.
Well Mr. "Reader from Chicago", if you truly bought the book, you should have reviewed it quickly at the book store like I did and I assume the others did as well. I enjoyed Rich Dad Success Stories and felt that it was five star material based on the content. You feel differently, that is your choice. Enough!
In Becoming Rich .... Without Cutting Up Your Credit Cards Kiyosaki expands on the philosophy that you don't have to cut up your credit cards and can do quite nicely by using your credit cards properly. This is also a five star book. Too many other so called financial "experts" seem to think that the answer to credit management is "just cut up your credit cards."
Sorry, wrong answer.
A certain amount of debt is good when used responsibly. Cutting up credit cards is not responsibility, it is only a feel good experience that gives temporary relief while you still have the long term pain of debt.
Excellent book Mr. Kiyosaki. I hope you keep them coming. Oh, "reader from Chicago", perhaps we will meet someday in Chicago. I frequent Ophrah Winfrey's restaurant and other places where people who do not cut up their credit cards but do own their own businesses and real estate frequent. Perhaps this section of Chicago is unfamiliar to you.
15 The true reviewer from Chicago returns!
Yes, it is I the reviewer from Chicago who gave "Success Stories" 3 stars. I am really from Chicago, not Bedford, OH Mr. Mentzer! (more on this later).
I just want to say after the disappointing "Success Stories" (I wanted more business based stories, not real estate business stories), I needed Kiyosaki to come back to me with a better product, and I am glad that he did. This book is pretty much a refresher of his previous works, but it gives a nice overview to the Rich Dad philosophy. I plan on buying quite a few of these books as Christmas gifts to my family. The one thing I really liked out of "Guide to Becoming Rich", Kiyosaki mentions that people need to work to be rich. In other words, they need to work more on their financial education to become wealthy and be willing to fail more. This is something I have tried to convey to my friends and family and it is still an uphill battle, but I will keep trying.
Now on to Mentzer and Company. These are the individuals who have been bashing me about my comments on "Success Stories". Mr. Mentzer has people believing that I and a reviewer in Bedford OH are the same person! What a genius...NOT! For the record, I gave "Success Stories" 3 stars, the reviewer from Bedford, OH gave it 1 star. Although I was dissappointed in "Success Stories", I do not think it should be rated 1 star, but the reviewer in Bedford has a right to his opinion as we all do Mr. Mentzer and Company.
And another thing, to prove that I was right about the many real estate stories in "Success Stories", on page 51 in "Guide to Becoming Rich", Kiyosaki talks about "Success Stories" and writes on the first sentence and second paragraph, "Many of those success stories are built upon real estate investing." Well there you have it, right from the horses mouth! This proves I was right about "Success Stories" having to many real estate stories. But other idiotic reviewers were slamming me saying there were a lot of business stories (only 3 to 4 from what I remembered)!!! Well, knowing Mr. Mentzer and Company they will still probably slam me again because I am right again; and if they do, they are even bigger knuckleheads than before. It pays to be right, so speaks the reviewer from Chicago!
16 Powerful information for those who are perceptive
Powerful! Powerful! Powerful.
That is the best way I can describe this book by Robert Kiyosaki. If you are tired of hearing how you have to cut up your credit cards to prevent debt then you must read this new book by RTK. It is his best ever!
17 Conflicting Information...but still an entertaining read.
Being a big fan of Robert Kiyosaki's books, I had to scoop up his latest, especially after reading the subtitle: Without Cutting Up Your Credit Cards. Why? I've attended two of his seminars and he always makes it a point to tell the audience that he doesn't advocate cutting up your credit cards and that he loves his credit cards. I think it's a dangerous statement since the majority of the audience members love them too...the difference is that RK pays them off each month and he's financially independent. The rest of the group isn't and telling them it's okay to love credit cards is dangerous...if not irresponsible. So I couldn't wait to see how we could all get rich while still charging up a storm and enjoying life.
I was waiting for the payoff pitch: the exact instructions on HOW to get rich without cutting up my credit cards. It never came. Instead, on page 59, this is what RK advocates:
"Tip #1: If you have credit cards with outstanding balances...
#1. Cut up all your credit cards, except for one or two."
So step #1 in his plan to "Take Control of Your Cash Flow" is to cut up your credit cards. I'm not trying to embarrass RK here or pick him apart, but to me that's false advertising in my book.
The rest of the process of taking control of your cash flow comes from his book The Cashflow Quadrant (almost word for word), so if you don't want to shell out the money for the book, just open CFQ and you'll learn how to get out of debt.
Actually, there really isn't anything new in this book, but if you believe that repetition is the mother of all skill, then this book is for you. The book is under $10 and at only 81 pages, it's a quick read (no, I didn't read the ebook. The 288 pages listed above must be a mistake). I just wish he had spent more time telling us HOW to get rich.
If you're an RK fan, then pick up the book and add it to your shelf like I did. If you're not and are struggling to get out of debt or take control of your finances, skip this one and buy Dave Ramsey's Financial Peace Revisited or check out my book...The Secrets of Wealth.
18 Look this book (and cash flow too!)
While some of the information in here is similiar to Kiyosaki's other books, much is also new and in particular, Kiyosaki beats to death that you DO NOT HAVE TO CUT UP YOUR CREDIT CARDS to become wealthy as some other financial authors do.
Regarding the negative reviewer: Be aware that people like Kioyosaki who are extraordinanily successful draw critics and jealousy. I once believed the critics too and it cost me at leat 2 years and untold thoudands, probably tens of thousands of dollars had I not listened to the basher. Like many people, I thought this was all "too good to be true" untill I talked to a few Kiyosaki students and tried it myself.
I also did some investigating myself and found that the basher is tied in with websites, other products and financial authors and attempts to hawk his own books via the self-publishing route. Get the picture?
The cash flow game is another powerful tool. Comparing it to monopoly is like comparing a used dodge compact to a dodge viper. (By the way, I really enjoyed playing monopoly as a kid)
One person told me that the reason some people attack this game is because they try to use a "college mentality" to win and it doesn't work. I failed miserably the first time I tried it. Made me realize how much I need to know. Then I went out and bought "RICH DAD POOR DAD", "RICH DAD SUCCESS STORIES" and just added this one.
Although I am certain that Kiyosaki's attacker will continue, please don't let that stop you from reaching financial success.
19 Nothing but facts and more facts and more facts
and more facts and more facts. Well you get the picture. No matter what Kiyosaki writes, his basher will write some trash about it. Facts are in Kiyosaki wins again. That Kiyosaki basher loses again and again and again and again. Well you get the picture.
If you really think that cutting up your credit cards is the answer to wealth, then I suppose you believe in Santa Claus and the Easter Bunny too.
20 Excellent e-book by Kiyosaki - can't wait for the paperback
Ever read those other financial books by so called "financial experts" who tell you to cut up your credit cards? Is that nonsense or what?
Hey, why not cut up out credit card statements too? How about cutting up out monthly mortgage statement? How about cutting up allof our bills? Clearly that is not the answer. Neither is cutting up your credit cards.
Kiyosaki discourages going into debt for depreciating items like meals for example. You go out to dinner tonite and three onths later you are still paying for the potatoes and dessert. Not a good strategy.
Kiyosaki does enourage going into debt for appreciating items like real estate (using leverage) stocks (margin) and so on. You use debt to make you wealthy. Most people use debt to artificially improve their lifestyle and it feels good---untill they get the bill!
Clearly, RICH DAD'S GUIDE TO BECOMING RICH WITHOUT CUTTING UP YOUR CREDIT CARDS is a e-book whose time has come and I can't wait for the paperback version.
I have played the Rich Dad board game too. I don't feel that it is expensive. Rather, I feel that the mistakes I was making before playing the game was costing me a fortune.
The money that I have invested in the Rich Dad books is already coming back to me in droves. By contrast, I am still waiting to see a return on the money I spent on a normal, convential education that only taught me how to make my employer rich and do other ridiculous things like "cut up my credit cards."
If you can't wait for the paperbook (I couldn't) then I highly recommend this excellent e-book by Kiyosaki. You may not initially agree with what you read, but it will change your life for the better.
Thank you Robert for sharing.
21 Possibly his best book yet
I downloaded the e-book yesterday and read it last night before going to bed. Once I started, I couldn't stop reading.
While some of the contents are similiar to the other Rich Dad e-books and programs, there is also new material here. The concept of not having to cut up your credit cards is interesting.
Too many so called "financial experts" are touting "cutting up your credit cards." My grandparents used to tell me the only way to lose weight is to push away from the table. Doesn't work - neither does cutting up your credit cards.
What Rich Dad teaches is responsibility - how to responsibly use credit cards and other forms of debt not only to stay out of trouble but actually to create wealth.
I highly recommend this e-book and will buy the paperback when it comes out next month. The stories were inspiring and a joy to read.
Kiyosaki has done it again - another winner.
22 Interesting philosophy - Amazon: Learn to Add!
I downloaded this e-book - could't wait for the paperbook to come out and found Kiyosaki's philosophy really interesting. What a refreshing approac to NOT cut up your credit cards. In actual fact, I have been using my credit cards to make me money for 13 years now. Glad to see that someone with credibility has come forth and is setting the record straight. Like cutting up cards is going to help you. That is like saying put al ock on your refridgerator and don't eat if you want to lose weight.And Amazon--I counted one 5 star review and one 1 star review but this e-book is still rated a 1! Somebody needs a math class!
23 Good e-book - A new perspective
With so many other so called financial experts urging us to cut up our credit cards, what a refreshing change it is to read from a real authority who indicates that you not only don't have to cut up your credit cards but can actually become wealthier by using them.
I like my credit cards too and I highly recommend this program by Kiyosaki.
24 Nothing but filler
In short, this is the worst of the Rich Dad Poor Dad series. Nothing new presented. Same stories. I actually felt that it was a sales pitch for his CashFlow Game. He uses board cards as examples, which should tell you something. Definately not worth the price of 8.95 If you have bought his other books, you will not learn nothing new with this one.
The book contains over 120 pages (ebook pages), which easily could be reduced to 50. If you take out the stories and his preaching about what is wrong with our education system it could be reduced to 45. Love his other material but this one I felt was a rip off. Still of Fan of Rich Dad but this one is just fattening is passive income.
