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| 41. Personal Finance by E. Thomas Garman, Raymond E. Forgue | |
![]() | list price: $116.36
(price subject to change: see help) Asin: 0618214178 Catlog: Book (2002-07-01) Publisher: Houghton Mifflin Company Sales Rank: 60180 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
Reviews (2)
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| 42. Rich Dad Poor Dad Classics - 3 Copy Boxed Set by Robert T. Kiyosaki | |
![]() | list price: $42.98
our price: $28.37 (price subject to change: see help) Asin: 1586211676 Catlog: Book (2001-05-01) Publisher: Time Warner Audiobooks Sales Rank: 7621 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description - Rich Dad, Poor Dad, the bestselling personal finance guide for the millions hoping to become masters of their money Reviews (10)
Kiyoaski teaches the principles of wealth. This tape set is the compilation of Kiyosaki's first three books; Rich Dad Poor Dad, Cashflowquadrant and Rich Dad's Guide to Investing. Although I have other books in the Rich Dad series, these three are the basis of the Rich Dad/Kiyosaki system. And if you are like me and prefer to listen to something inspiring, educational and motional than the news or the democrat commercials, then you will enjoy playing these tapes in your car.
RICH DAD POOR DAD: the best selling personal finance guide for CASHFLOW QUADRANT: this program reveals why some work less and GUIDE TO INVESTING: the basic rules of investing, including how This collection of the first three Rich Dad books can very well, change your life. It certaintly has mine.
I am in network marketing full time and am also using Kiyosaki's techniques to create additional streams of income. Highly recommended tape set. Well worth the price. And glad that Kiyosaki appreciates and understands network marketing.
Alex
According to the social security dept, only 5 out of every 100 people at age 65 will be financially secure. The remaining 95 will either be dependend on others, still working, dead or dead broke. Kiyosaki's material is for those who want to make the top 5% and escape from the bondage of being subservient to a unappreciative employer or turning your financial affairs over to a broker, tax preparer or fiancial planner. Kiyosaki teaches you how to get involved int he process yourself and then set up a team of fiancial experts who work for you instead of what they make the highest commission on. This tape set is fabulous for anyone who wants the real dope on the first three Rich Dad books and who wants to become a part of the top 5% who are independent isntead of the bottom 95% who are dependent. Excellent program. Highly recommended. ... Read more | |
| 43. Coaching for Performance: Growing People, Performance and Purpose by John Whitmore | |
![]() | list price: $17.95
our price: $12.21 (price subject to change: see help) Asin: 1857883039 Catlog: Book (2002-05-01) Publisher: Nicholas Brealey Publishing Sales Rank: 9662 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (5)
Also suggest a well-received book that espouses coaching and leadership skills and responsibility in a unique and easily read way. My company uses it for leader development/training. It's called ""The Leader's Guide: 15 Essential Skills.""
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| 44. Slash Your Debt: Save Money and Secure Your Future by Gerri Detweiler, Marc Eisenson, Nancy Castleman | |
![]() | list price: $10.95
our price: $9.31 (price subject to change: see help) Asin: 0965963837 Catlog: Book (1999-10-01) Publisher: Bookworld Services Sales Rank: 220232 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description
Reviews (5)
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| 45. Secrets of Six-Figure Women: Surprising Strategies to Up Your Earnings and Change Your Life by Barbara Stanny | |
![]() | list price: $23.95
our price: $16.29 (price subject to change: see help) Asin: 0060185481 Catlog: Book (2002-08) Publisher: HarperCollins Sales Rank: 8088 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Amazon.com Reviews (12)
This review is the most whole hearted endorsement of any non fiction book I have reviewed this year. This book is so sorely needed, even by most women who are already doing very well, thank you. It is also because it is well written. Barbara is the bestselling author of Prince Charming Isn't Coming and she knows what she is talking about. She has been there, done that . All you'll need to do is read one chapter, "Raising the Bar," and you'll have enough information (if you choose to listen to the advice) worth a whole lot more than the price of one little book! This is a book about strategy. How many women do you know who actually have a strategy? (Carolyn Howard-Johnson's first novel, This is the Place, has won eight awards. Her newly released Harkening: A Collection of Stories Remember has won three. Her new book of poetry, Skyscapes: A Woman's View, is looking for a home.)
One of the strategies called "The Trap" that especially caught my eye was given the motto "bite off more than you can chew, but not so much you choke," This idea involved stretching yourself but not too thin and also emphasized that some women can be too hard on themselves, extremely impatient or overly meticulous. This dealt with taking some risk and possibly get in over your head and not realizing you need to cut yourself some slack and instead pushing even harder until you snap. The author used many interviewees comments and experiences as well as her known to clearly illustrate both the danger and the handling of "The Trap". The bottom line of these strategies is that it is not what type of career you pick (all different fields from musicians and artists to CEO were represented), what company you work for (or not),what your education or your background is, but how you use your mental, emotional, physical and spiritual strengths and improve them by following the laid out strategies that will determine whether you can be a "six-figure woman" or man.
One of the strategies that especially caught my eye, called "The Trap", was given the motto "bite off more than you can chew, but not so much you choke." This idea involved stretching yourself but not too thin and also emphasized that some women can be too hard on themselves, extremely impatient or overly meticulous. This dealt with taking some risk and possibly get in over your head and not realizing you need to cut yourself some slack and instead pushing even harder until you snap. The author used many interviewees comments and experiences as well as her known to clearly illustrate both the danger and the handling of "The Trap". The bottom line of these strategies is that it is not what type of career you pick (all different fields from musicians and artists to CEO were represented), what company you work for (or not), what your education or your background is, but how you use your mental, emotional, physical and spiritual strengths and improve them by following the laid out strategies that will determine whether you can be a "six-figure woman" or man.
Barbara Stanny begins by explaining why so many women are low earners. (She illustrates her point well with interviews.) She then goes on to give seven strategies for overcoming the fear, lethargy, self-sabotage, and false beliefs that keep women stuck in low earning situations. Perhaps the most important lesson in this book is that a woman's ATTITUDE about her right and ability to earn more money is what will make the difference in her financial life. Eye-opening reading, with great practical strategies. Recommended. Reviewer: Linda Painchaud ... Read more | |
| 46. Buckets of Money : How to Retire in Comfort and Safety by Raymond J.Lucia | |
![]() | list price: $24.95
our price: $16.47 (price subject to change: see help) Asin: 0471478660 Catlog: Book (2004-02-20) Publisher: John Wiley & Sons Sales Rank: 6088 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Are you wondering if you can make your retirement savings last? In Buckets of Money: How to Retire in Comfort and Safety, nationally recognized Certified Financial PlannerTM and radio personality Ray Lucia offers you a smart and conservative way to protect and grow your nest eggso you can enjoy a comfortable retirement without worrying about your money running out. Developed by Lucia over his thirty-year career as a financial planner, the "Buckets of Money" technique is a proven way to achieve both income and growth, while guarding against the ravages of inflation. Buckets of Money is filled with in-depth insights and practical advice that will help you assess your retirement situation, save the money you need to last your entire lifetime, and adjust your plan to good times and bad. Regardless of your age, income, net worth, or investment experience, you need to have a solid plan for your retirement years. Buckets of Money provides you with such a plan, and shows you the best way to implement it. Reviews (5)
Lucia's show and this book avoid the ridiculous "buy, sell, hold" approach that permeates the work of so many other financial gurus. This is not a "get rich quick" or "doom and gloom" book. Lucia does not pretend to know what direction markets or any individual security is going in the short-term. He sticks to what he knows (and what you need to know). This book is about much more than asset allocation and diversification. It is solid advice based on the prestigious 30-year career of Lucia and his highly competent associates. Believers in an efficient market understand the other authors can only take you so far. Lucia takes you several steps further by sharing financial planning strategies that will work for everybody. This is what is lacking in the vast majority of financial literature. Authors spend too much time trying to tell you how to find the next Microsoft. In the process, they neglect powerful basic and advanced personal finance strategies and investment tools. This is what truly reduces risk and adds value to one's portfolio over time. The vast majority of investors will get more from Lucia's book than any other book they read in their lifetime. I enthusiastically recommend Lucia as must reading for any investor in any stage of his/her life. This is a great book for a grandfather to buy to read and pass on to his daughter, who can then pass it on to her son. People just starting out will greatly benefit from this book in that it will tell them as much about what not to do, as what to do. More sophisticated and astute investors will benefit from Lucia's empirical study based recommendations on how to allocate and balance one's portfolio. I have acquired more practical knowledge from Mr. Lucia than I have through my undergraduate studies, graduate studies, and other studies combined. It is a rare and refreshing treat to find someone in this field who not only has such a vast body of knowledge that he is willing to share, but is able to communicate it in such an articulate manner. Lucia not only recommends the right things, but he does things the right way. Lucia is altruistic and passionate. In terms of financial planning savvy, Lucia is by far the best of the financial gurus. In terms of the intangibles, in his words you will find a motivator who cares deeply about his family, his work, and sharing his vast body of knowledge with people from all walks of life so as one of his mottos goes, "You will be successful in your money, your business, and your life." Lucia may not (yet) get the press and hype of some of the other financial gurus that have television shows, radio shows, and books. However, if you read his book, you will see he is the premier guru in the country. If you don't agree with this comment after reading his book, I recommend you read his book twice and then listen to his radio show.
I also enjoy his radio show, he's much better than that boring Ramsey guy that follows him. Maybe I'll get the nerve to call in one day and ask a question to the Braintrust!
The plan makes sense and seems simple. The only part I was not entirely clear on is when to move items from bucket 3 to bucket 2. Maybe I missed it. In any case, the book was a good read and I plan on reading it again when I get closer to retirement. I'm looking forward to Ray's next book (the radio show is good too).
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| 47. Conversations with Millionaires: What Millionaires Do to Get Rich, That You Never Learned About in School! by Mike Litman, Jason Oman | |
![]() | list price: $15.95
our price: $10.85 (price subject to change: see help) Asin: 1931866007 Catlog: Book (2001-10-30) Publisher: Conversations with Millionaires LLC Sales Rank: 9373 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description From Mark Victor Hanson and Jack Canfield to Robert Allen and Michael Gerber, Conversations with Millionaires can help you get more of what you want in life because you'll be learning the same methods, techniques, and secrets that have already been time-tested and proven to work in the real world. Conversations with Millionaires is exactly that. A book jam-packed with the actual fast-paced interviews between real-world entrepreneur Mike Litman (Host of The Mike Litman Radio Show) and each of these self-made millionaires. Mike's world-reknowned style of getting each millionaire to cut-to-the-chase and reveal exactly how they do what they do makes this book a 'behind the scenes' look at how these millionaires became so rich and successful Reviews (122)
How much would you pay for something like that? How much would you pay to get a copy of the transcripts? Well my friend this book is exactly that--the transcripts of successful people telling you how they achieved success. And how you can also reach success and get similar results by using them as a role model. My favorite interview was the one with Jack Canfield. Jack's humble and generous style really impressed me. He is my motivational role model. Mike has tremendous enthusiasm for achieving success. You can hear clips of him doing his motivational/success radio show on mikelitman.com. I highly recommend you go check them out. When I need a boost of motivation I listen to them, because hearing Mike is MOTIVATING! Zev Saftlas, Author of Motivation That Works: How to Get Motivated and Stay Motivated &
The worth of this book can be found in its ability to condense the major success strategies of a number of well known individuals all in one book. Not only does it give useful, practical and actionable information, it also gives interesting biographical details as well. I have come to believe that understanding the mental workings of successful people and their history--not just what others say about them--is a critical factor in duplicating success. As one sage aptly stated, "Experience is the most expensive teacher". In my analysis of successful people the world over, one thing is certain: they study the success of others and duplicate the strategies that work, augmenting them when necessary. Bill Gates reputedly reads approx. 120 books a year on various subjects (as an example). One of the most thought-provoking powerful ideas I got from this book is something that a mentor of Jim Rohn told him early in his career "become a millionaire (or billionaire) for what it makes of you to achieve it". There is a very strong moral/spiritual theme running through this book as well. Essentially it demonstrates that it is possible to acquire wealth in a manner than doesn't make one suffer in other areas of one's life such as health, peace of mind, love/relationships or true expression (doing what you really love to do). This is perhaps the biggest plus of the books. I bought and read a copy of this book for myself and purchased another for a friend as well in order to complete the circle of giving and receiving (which according to those profiled in the book is a, if not THE, major factor in overall success). Lastly, I noticed that this book was self-published by the authors which says alot about their own business acumen. They cut out the middle man (a big publishing house) and the fact that they were able to promote this book and have it do so well is more evidence that this book is worth owning.
Page 208 (Jay Conrad Levinson) In my opinion, the book was written with the sole purpose of making money both for the author and for the interviewees. Don't buy it! The same information can be found in greater detail in other books.
It's like getting 9 books in one, only better because you get a snap shot of each millionaire's method of success. A wonderful read, I learned something new in every chapter! ... Read more | |
| 48. Missed Fortune : Dispel the Money Myth-Conceptions--Isn't It Time You Became Wealthy? by Douglas R. Andrew | |
![]() | list price: $19.95
our price: $13.96 (price subject to change: see help) Asin: 0446693502 Catlog: Book (2004-04-01) Publisher: Warner Business Books Sales Rank: 1839 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
Reviews (3)
This book, or at least the little that I've read from this book, is truly outstanding. It takes the common sense financial practices of the average financial investor/homeowner, and it tells us why they're a bad idea. A couple of juicy tidbits: - Overpaying on your mortgage paiment will increase the risk of losing your property. Now again, I haven't read the book fully, these are just the couple of ideas that I remember at the top of my head, but those ideas were very thought-provoking (to me at least). I intend to buy this book, read it fully, and come back here to give a better review.
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| 49. Personal Finance + Student CD-ROM + Personal Financial Planner + SkillBooster by JackKapoor, LesDlabay, Robert J.Hughes, Jack Kapoor, Les Dlabay, Robert J. Hughes | |
![]() | list price: $112.50
our price: $112.50 (price subject to change: see help) Asin: 0072952407 Catlog: Book (2003-12-05) Publisher: McGraw-Hill/Irwin Sales Rank: 106978 US | Canada | United Kingdom | Germany | France | Japan |
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Book Description | |
| 50. Personal Finance (The Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate) by Jack R. Kapoor, Les R. Dlabay, Robert James Hughes | |
![]() | (price subject to change: see help) Asin: 0072510781 Catlog: Book (2003-02-01) Publisher: Mcgraw-Hill (Tx) Sales Rank: 95936 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (3)
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| 51. Credit After Bankruptcy: A Step-By-Step Action Plan to Quick and Lasting Recovery after Personal Bankruptcy by Stephen Snyder | |
![]() | list price: $29.95
our price: $20.96 (price subject to change: see help) Asin: 1891945009 Catlog: Book (2000-01-01) Publisher: Bellwether Publications Sales Rank: 15695 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (156)
UPDATE (10/25/2002):
The book is written in a way that you do not feel ashamed of your bankruptcy. It gives you hope and a solid path for the future instead of reminding you of your failures. Thanks Mr. Snyder!
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| 52. Pay It Down! From Debt to Wealth on $10 a Day by Jean Sherman Chatzky | |
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our price: $13.96 (price subject to change: see help) Asin: 1591840635 Catlog: Book (2004-09-02) Publisher: Portfolio Sales Rank: 1215 US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Chatzky is focusing on debt because its the single biggest threat to our financial health.The average American family has sixteen credit cards and high-rate debt of more than$8000, not even counting car loans and mortgages. They pay more than $1000 a year ininterest alone. Debt makes people feel depressed and overwhelmed, leaving them withoutenough money for the truly important things in lifeeducation, retirement, owning ahome, feeling secure. Chatzky, one of Americas most popular personal finance experts, writes in down- to-earth, woman-next-door language about how to get started right away, without giving upthe things that truly give you pleasure. She offers practical, accessible strategies to helpreaders find the money to pay off their bills, lower their interest rates, and improve theircredit scores. Featuring real-life examples of people featured on her Today showseries, Pay It Down can transform debtors into future millionaires. | |
| 53. Think and Grow Rich by Napoleon Hill | |
![]() | list price: $49.95
our price: $32.97 (price subject to change: see help) Asin: 1932429131 Catlog: Book (2003-09-01) Publisher: High Roads Media Sales Rank: 34926 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description
Reviews (225)
Think and Grow Rich is without a doubt one of the most prestigious and beloved books in the field of motivational literature. This version is a reprint of the original, unabridged, classic edition of Think and Grow Rich by Napolean Hill. No doubt, Think and Grow Rich has helped shape the lives of millions of people around the world. Perhaps moreso than any other book ever. In Think and Grow Rich, Napolean Hill shares his brilliant philosophy and practical techniques for achieving your financial goals, reaching your highest potential, and ultimately creating a life that brings you great personal happiness. Think and Grow Rich will teach you how to harness the awesome mental magic of your mind. You are given a blueprint for self mastery. You learn that there are no limitations to what you can accomplish, only those you impose on yourself. Napolean Hill said, "If you can conceive it, you can believe it." This precept has proven true repeatedly throughout history. Did we not send a man to the moon and accomplish other seemingly miraculous feats in many fields of endeavor? Every one of these feats began as an idea that was then transformed into reality. Think and Grow Rich shows youhow to transform your dreams into reality too. Melvin Powers inspiring foreward and indicating how this great book transformed his life adds just on more great testimonial of the power behind Think and Grow Rich. If you were to buy just one book on personal development, you wouldn't go wrong by making Think and Grow Rich that one and only book. Thank you Napolean for sharing your wisdom!
Napoleon Hill interviewed nearly 500 wealthy men (including steel magnate Andrew Carnegie) to determine the underlying causes of wealth. In addition, Hill interviewed thousands of financial failures to determine what drove them to poverty. Think & Grow Rich is a remarkable text that outlines what Napoleon Hill learned from his vast number of interviews. Hill enables readers to emulate the traits of the wealthy while shunning those characteristics of the financially challenged. Several highlights of the text are: (1) Prerequisites to wealth acquisition include a statement of: (a) the amount of money desired (b) the sacrifice one is willing to give in exchange for the money (c) the deadline for obtaining the money (d) a definite plan for acquiring this money (e) a declaration of this statement twice daily once before sleeping and once after waking. Hill remarks, "You may as well know, right here, that you can never have riches in great quantities unless you can work yourself into a white heat of desire for money, and actually believe you possess it." (2) The subconscious mind can be a powerful ally (or foe) in the pursuit of wealth. One should truly believe that one will become wealthy and "the subconscious mind will hand over the plan that you need". This belief should be infused with emotion. (3) Create a Master Mind group of encouraging individuals who can provide the specialized knowledge necessary to achieve wealth (4) "Success requires no explanations; Failure permits no alibis" (5) Common causes of failures include: Lack a well defined purpose in life, Lack of ambition, Lack of self-discipline, Procrastination, Lack of Persistence, Lack of decision. (6) Persistence is absolutely critical to wealth. Hill mentions that "I had the happy privilege of analyzing both Mr. Edison and Mr. Ford ... I found no quality save persistence that even remotely suggested the major source of their stupendous achievements." (7) To develop persistence one must have a: (a) specific goal with a yearning for its attainment (b) definite plan (c) mind closed against negative influences (d) friendly alliance with those who will encourage one to achieve the goal (8) Sublimate your sexual urges to a yearning to accomplish your goals (9) "You have absolute control over but one thing, and that is your thoughts" This is a remarkable book that is a paean to the power of the mind and its ability to create wealth in the face of seemingly insurmountable obstacles ...
Jim Carrey reputedly read this book while working a low wage job before becoming famous, applied the fundamentals and the rest, as we say is history. I always like to point out interesting teaching points from books and here are a few: **"Whatever the mind can conceive and believe, it can achieve" **"There are no limitations to the mind EXCEPT those we acknowledge" **"Both poverty and riches are the offspring oof thought" One of my greatest ambitions is to actualize the level of success I envision for myself and in doing so, be in a position where I can mentor others about the principles of success such as those. Mssr. Hill teaches. One of the first things I shall do is give this book away in order to complete the cycle of giving and receiving. I also recommend reading this book along side Joseph Murphy's book "Power of Your Subconscious Mind" and Claude M. Bristol's "The Magic of Believing" along with "It Works" by RJH. These books along with Think & Grow Rich can truly enable you to achieve whatever you desire not only financially but in health, relationships, peace of mind and true expression--true wealth. I have personally achieved some wonderful results through the application of these principles and look forward to applying them even further for higher and higher levels of achievement. I hope you do so as well!
Nonetheless, Think & Grow Rich is an excellent intro to the principles and techniques that Hill discovered after interviewing the wealthiest people of his time. Think & Grow Rich will open your mind and open opportunities to you. Great book by Hill. ... Read more | |
| 54. Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming... and How You Can Prepare Yourself and Profit from It! by Robert T. Kiyosaki, Sharon L. Lechter | |
![]() | list price: $21.95
our price: $14.93 (price subject to change: see help) Asin: 0446530867 Catlog: Book (2002-10-09) Publisher: Warner Business Books Sales Rank: 9611 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (94)
With an aging population, turmoil in the stock markets, and lack of knowledge about how much money is needed for retirement, author Robert Kiyosaki gives specifics to support his theory about predictable problems facing those who hope to retire. The book won't appeal to people who are satisfied with their current job and have no plans to change in the future. But for those who care about government policy and how these policies and demographics are impacting our society, the book is eye-opening as well as easy-to read. The "rich dad, poor dad" vehicle gets old but is stiff an effective and sometimes entertaining vehicle for conveying information.
While some of the information in RDP is similiar to Kiyosaki's earlier books, the pension, retirement and 401 (k) is fresh, startling and hopefully alarming to anyone who plans on investing their money between now and 2016. 2016 is the year when the bulk of the baby boomers will be forced to liquidate their retirement funds. When this happens, a major stock market crash is expected (no kidding!) that surpass the bear market from 2000 to 2002. Another problem is what kind of money will current savers have in their 401 (k)s? For example, before going into self employment, I worked in a local office for one of the top 6 banks in the USA and had been putting all I could into my 401 (k) savings plan. Despite this being one of the "Big 6" Banks, matching by the bank was about average (and any matching reflected in reduced wages), options to invest in were patheticly weak and the bank would match us only with shares of Bank One stock. After reading RDP and going into self employment, I rolled my 401 (k) into a self directed IRA with a brokerage firm. I now choose my investments between stocks, mutual funds and bonds or even Tax Liens, Discounted Mortgages and Real Estate. I'm in control, not my employer. The only real benefit of a 401 (k) is the borrowing provision which unfortunately too many so called fiancial experts discourage. And after the Enron issue, who wants to have that much money in company stock? Kiyosaki is alerting people and none too soon. I am certain that all of the one star reviews are from brokers, financial planners and benefits directors from companies that hope that you blindly follow their advice even it means not having anything for retirement. I cannot emphasize the importance of reading RDP and more importantly, following the advice. To repeat, Rich Dad's Prophecy is definitely A MUST READ!
Early in the book Kiyosaki starts by pinpointing the central problem of retirement income--that ERISA, the so-called Employees' Retirement Income and Security Act, had actually undermined the security of workers' retirement incomes by replacing so-called defined benefit plans, underwritten at fixed levels by companies, with defined contribution plans, under which workers were individually responsible for investing their own contributions. Baby Boomers bought this snake oil because of their desire for individual, rather than collective, security. The results, and wreckage, can be seen at places like Enron. But the marketers of the new plans certainly knew what they were doing. The underlying problem is that the Baby Boomers were the last American generation to be more numerous than their parents. Every succeeding generation has been of comparable, or even smaller, size because the Baby Boomers' fertility only approximated replacement rates. Thus, there is a flat, rather than broadening, pyramid as age groups get younger. This historic demographic shift called for far-sighted savings and investment plans designed years ahead of Baby Boomers' retirements. (Japan has a much higher savings rate than the US and is now staring this issue in the face.) Because Baby Boomers have put off retirement planning too long (as they have earlier in life with other issues), they are facing a massive financial crunch. The result, as Kiyosaki points out, will be a stock market crash that's almost a foregone conclusion: It's more a question of when rather than whether. The fact that this prophecy originated with "Rich Dad" doesn't make Kiyosaki less of a prophet. After all, God gave Moses the ten commandments. My main quibble, and it's really a difference of opinion, is with the 2016 target date. In my new book, "A Modern Approach to Graham and Dodd Investing," I outline a target date closer to 2006 (along with some proposed solutions). That's when early Baby Boomers turn 60,and can start tapping their IRAs without penalty. (And they've never been ones to postpone gratification.) It's possible that my target date is too early, and that Kiyosaki's is too late, with the truth somewhere in between. But he and I agree on major concepts, while differing in detail.
This means that RK is predicting not only stock market performance over a decade in the future, he's also predicting tax law over a decade in the future. The chances that the tax code governing 401k's will weather the years unscathed are miniscule. And it's a good thing too. RK's "ark" of choice - real estate - would also plummet in value during a massive depression where paying tenents would be scarce. Going into a depression saddled with large real estate debt is a surefire way to be living under an overpass in a cardboard box for your retirment. RK's got a point -- the market will be hurt when Baby Boomers liquidate their assets to live off of in retirement. But its doubtful that the government will force this selloff when the boomers get here. This shouldn't stop a wise investor from making long-term stock purchases or using more creative vehicles to make money. I like that RK is so enthusiastic and assertive about getting your financial life in order and making a change in the way that you make money. Investments are great and people should build up some investments for their futures. But this book is founded on such shakey soil that it's difficult to stomach. Pick up some of his others (Rich Dad/Poor Dad or the Cashflow Quadrant) if you need a pick-me-up.
The author presumes that when retiring baby boomers begin to withdraw their 401(k) and mutual fund assets there will be more "sellers" of shares than "buyers" - thus the market will fall. This is a two-dimensional vision of the marketplace, yet plausible. Regarding investment ideas for the reader: other than recommending the purchase of "income producing" real estate the second half of this book is hollow, and used by the author as little more than a platform for promoting his cash-flow board game and additional books he has written. I don't feel that the day I spent reading this book was wasted, however, I'm not going to recommend it to any of my "thoughtful" friends. ... Read more | |
| 55. Becoming a Millionaire God's Way by C. Thomas Anderson | |
![]() | list price: $19.99
our price: $16.99 (price subject to change: see help) Asin: 1585881287 Catlog: Book (2004-10) Publisher: Winword Publishing Sales Rank: 129473 Average Customer Review: US | Canada | United Kingdom | Germany | France | Japan |
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Book Description Reviews (10)
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