|
Retire Young Retire
Rich
Are you and your financial plan on the fast track or the
slow track? If you are like most, retiring early sounds great. More time to
spend with friends and family. More time to travel and see different cultures.
More time to do that which really interests you.
To get on the fast
track, you need to leverage your mind, leverage your plan and leverage your
actions. In Rich Dad’s Retire Young Retire Rich, Robert details how he and
his wife Kim achieved financial freedom in less than ten years.
More
importantly, he shows how a context shift in your mind allows you to create a
plan that formulates the actions necessary for your financial freedom.
Author: Robert T. Kiyosaki with Sharon L. Lechter, CPA
ISBN:
0123456789
Buy Retire Young Retire Rich
Synopsis
Imagine being able to make so much money at an early age that you could
decide when to retire, knowing full well that you have enough money stashed
away to ensure a life not burdened by financial restraints. In this book,
financial guru Robert Kiyosaki provides practical insight on how to put
together a financial plan which promises not only to make you prosperous but to
allow you to map out the freedom to choose your own retirement age. Built upon
Kiyosaki's own personal experiences - he retired at the age of 49 - he shows
how you can take advantage of smart investments in real estate and in the stock
market to help you control your own financial destiny.
Essential Look
at How You Must Think and Act to Prosper!, July 1, 2004
Reviewer:
Donald Mitchell from a happy Patriots fan in Boston
This book deserves
more than five stars for its exceptional clarity, authenticity, relevance and
eloquence. Those who love the Rich Dad, Poor Dad books will adore this one. I
found it to be the best book in 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 and $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, and 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, and your priorities to get wealth faster and
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 word in the world of
money. The second most important word is leverage." "Leverage is the reason
some people become rich and others do not become rich." "Because leverage is
power, some people use it, some abuse it, and others fear it." "Getting rich
begins with words and words are free." " . . . do more and more with less and
less."
The first books in 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 and 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
discussion in part of chapter 16, which looks at all of the forms of leverage
in real estate.
One of the strengths of the book is a fine discussion
of how to think about risk and reward. It's not how often you fail, but how big
the costs of your failures are compared to the rewards of your successes . . .
and your determination to keep trying until you succeed. For instance, 9 out of
10 new businesses fail. But the value of the 1 in 10 that succeed should vastly
outweigh the costs of the 9 failures. The book is excellent in warning you
against the risks that you are unconsciously taking. Most people have 100% of
their financial futures tied up in government pension and Medicare payments and
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 risk in
your current and potential sources of cash flow. You are also given a list of
good habits to pursue. And top tips from the prior books are repeated in a
convenient section near the end of the book. If you follow the advice in this
book, it will be worth more to you and your family than all the other
investment and 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 and mental disciples needed for financial
security and investing. By the way, I have known many people who have retired
young with the assistance of being rich. They all embody the principles
captured in 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 and live the thoughts that
will make you as rich as you want to be! The solutions are there if you look
for them
The best "Rich Dad" yet!, November 8, 2003
Reviewer:
cleonwarren from Abergele, Clwyd United Kingdom
I would recommend every
book in Robert Kiyosaki's "Rich Dad" series to anyone, but this book is the
best yet! Kiyosaki's writing style has settled down, and he has organised his
thoughts into a clear, logical book, that, at long last, carries clear guidance
on many of the topics that he has addressed in previous books. "More of the
same"? well, yes, there is some repetition there, but since no author can
expect every reader to read all his books in sequence there will always be a
need to re-state the main principles. In any case, I don't see repetition of
this kind as being anything but beneficial, as ultimately it helps to reinforce
the message in my own mind. This book talks a great deal about leverage; all
kinds of leverage; ways to improve your ability to create personal wealth. This
book will help you to realise that your dreams ARE achievable and help you to
organise your mind to achieve those dreams
EXCELLENT!!!!, October 19,
2003
Reviewer: Lisa from United Kingdom
I have just finished
reading this book and it was absolutely fantastic. I must admit that some of it
was alittle tough going but stick it out it is well worth it. I read this book
and was left feeling more inspired than I have ever before. It has completely
changed my way of thought and I have already started buying the other books to
continue learning rich dad's way of thought, anything is possible if you
believe it is. I WILL be rich!!
Buy Retire Young
Retire Rich |
