Download Unfair Advantage: The Power of Financial Education, by Robert T. Kiyosaki
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Unfair Advantage: The Power of Financial Education, by Robert T. Kiyosaki
Download Unfair Advantage: The Power of Financial Education, by Robert T. Kiyosaki
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Product details
Paperback: 176 pages
Publisher: Plata Publishing (April 12, 2011)
Language: English
ISBN-10: 1612680100
ISBN-13: 978-1612680101
Product Dimensions:
6 x 0.8 x 8.9 inches
Shipping Weight: 10.4 ounces (View shipping rates and policies)
Average Customer Review:
4.3 out of 5 stars
176 customer reviews
Amazon Best Sellers Rank:
#142,997 in Books (See Top 100 in Books)
Good
This is the first Kiyosaki book I have read. I like his writing style and subject matter, but it does seem to repeat itself. I would also say that this takes material from other books, so it is great if you don't want to buy all of his books, but bad if you have already read them. It talks about educating yourself for financial investing in the true sense of investing. He doesn't believe in flipping houses, but buying rental units for the tax advantage and cash flow in good times and bad. Also talks about investing in oil exploration. If you have a couple of million dollars laying around this book might be for you. Or if you are 20-30 years old and want to spend you life in pursuit of seminars and investment opportunities this book might be for you. Otherwise it is a good insight into how the rich and super rich get and stay where they are. Some of his outlooks on life aren't very encouraging either. Like 95% of the dollars value has gone away since we went off the gold standard and the rest will disappear shortly:(
This book is an excellent book for both those that want to continue their financial education with the Rich Dad series of books and also first time readers of Robert Kiyosaki. This book is complete in itself. Robert continues his theme of the dangers of the middle class clinging to their job security, possessions and savings. He believes a financial education and cash flowing assets are what leads to long term financial success. He is also against the majority and believe most people spend their lives as wage slaves of their employers and tax slaves of the government. He advises learning to make a living as a business owner or investor and avoid the rat race and earn a paycheck and spend it on bad debt spiral. Robert points to the many unfair advantages that the rich have over the rest of the population and how he came to posses these advantages. I like this book because he speaks about his real life successes. While some shy away from it because it sometimes seems arrogant, I want real life examples not theories or academic opinions.The unfair advantages:1. True financial knowledge2. Paying taxes as a business owner is much different than paying taxes as an employee.3. Understanding the real nature of financial risk.4. The wealthy get compensated for providing homes, jobs, and products to consumers.The book gives the reader a warning against the old advice to get a good education, work hard, save your money, and buy a house because it is an asset. Robert Kiyosaki turns conventional wisdom on its head.I have been reading his books for over a decade and he was right about your house not being an asset on 1997 the 2008 meltdown proved that to many homeowners. He was right about the coming stock market meltdown he predicted in the book Rich Dad's prophecy in 2002. He was also correct about investing in gold instead of holding cash because of the devaluing U.S. dollar. Readers that followed his advice did very well, I am one of those readers in many areas.I highly recommend all the books from the Rich Dad series. His have really educated me financially over the past 11 years.
The difference between the two? The letter K which stands for Knowledge which is the only thing that stands between the affluent and monkeys! This was a tough listen, I first read RDPD 10 years ago and it had a great impact on me, it got me fired up and most of what he stated has come true regarding the financial crisis and peoples ignorance when it comes to finances and education.Based on the current times I have a renowned interest in the subject of finances and investing and decided to take up Kiyosaki and wanted to see if he had anything new to say, ABSOLUTELY NOTHING!Yes, the school system sucks, yes i have to find a way to go from the E and S quadrant over to the B and I quadrant. Ok so I need to learn how to sell, invest in real estate, paper assets and commodities but show me HOW or at least guide me in the direction like your rich dad guided you. Recommend me some books, seminars, or videos or something. I must have heard the term "Financial Education about 500 times in this book it is so repetitive i almost wanted to cry. He explains what he has done, investing in oil wells, insider deals on hotels and apartment buildings and promotes the hell out of his Cashflow 101 board game all the while telling you absolutely nothing on the subjects. He goes on to say that if you want to be a successful investor you must first learn how to be a successful business owner to get insider deals which are considered the best. He also emphasizes on using OPM (Other people's money) to finance investments and get into good debt. But in order to do this you must have a have high financial education, lol. There is absolutely nothing here but a story on what you need to do but not how to do it. Good general information but im disappointed this guy has nothing new to say. There is a difference between educating and story telling and Robert is definitely the latter. Come on Bob, really?
Though much of this book is repeating the Rich Dad philosophy from the first books, there are some newer details added to it along with some excerpts from some of the Rich Dad advisers. If you have the time to read more than one book, I would recommend the first three books to fully grasp the Rich Dad Philosophy. If not, this book should contain enough of it to get a grasp on the basic ideas. Many people can look at this book as a repeat of the same old ideas, but those who read and acted on the book 'Rich Dad's Prophecy' before the stock market crashed will have no problem seeing the value of this book.I first read the original Rich Dad, Poor Dad around 2006. Although I had read many other books on business and investing, that book changed my whole mindset. Since then, I've looked at the whole world differently. While I still read many books on the subjects, I've found the Rich Dad collection to be very education and easy to understand. I've recommended these books to dozens of people over the last few years. I feel that a Rich Dad book is one of the best investments you can make for under $20.
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