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| 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! | 
 enlarge | Authors: Robert T. Kiyosaki, Sharon L. Lechter
Publisher: Business Plus
Category: Book
List Price: $15.95
Buy New: $4.69
You Save: $11.26 (71%)
Buy New/Used/Collectible from $4.69
Avg. Customer Rating:  (114 reviews)
Sales Rank: 10568
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 304
Shipping Weight (lbs): 1.4
Dimensions (in): 9.1 x 6.1 x 1.2
ISBN: 0446690341
Dewey Decimal Number: 332.024
EAN: 9780446690348
ASIN: 0446690341
Publication Date: January 2004
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
In the near future, the vast majority of "Baby Boomers" will be on the verge of retirement - and looking to cash in on their retirement plans. This will be a major drain on cash reserves for which no-one is ready and there's every chance that peoples' lifelong savings will dramatically lose their value. Now for the good news: sensing this financial crisis is in the offing, Kiyosaki and Lechter provide a detailed financial plan aimed at helping forward-thinking people prepare for the worst - and they urge that one must start planning NOW! They cover a variety of alternative ways of generating wealth through other forms of investment, including real estate, self-employment and investing in companies.
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| Customer Reviews: Read 109 more reviews...
 You ignore this at your own peril July 20, 2008
0 out of 1 found this review helpful
In his latest book "Prophecy", Robert T. Kiyosaki predicts a major stock market crash in the near future. This, he says, is a result of the baby boomers (mostly) saving for their retirement via stock investments and given that a large number of them will retire from 2016 onwards their investments will have to be cashed in as it will be needed and as a result the market will fall if not crash. Apart from that, RK says, that most baby boomers may not actually see their money ever again as more often than not most of it is invested in their own companies, i.e., the ones they work for, and if their employer goes down the drain so will their funds saved for retirement. Kiyosaki uses the demise of Enron as an example to demonstrate this.
Granted, there is nothing really new about all this. If you have spent any time working in the financial field you would know about this - although over the years I felt that people tend to stick their heads in the sand and hope that this will not happen or somehow go away
Apart from complaining about the existing system and the financial illiteracy of the vast majority of the market participants (and that would appear to be the main problem), Kiyosaki in Part II of the book sets out a game plan on how to build your own financial ark.
What I like about Kiyosaki's book is that he is pointing his finger straight at what could potentially happen and he does it in rather convincing style. There is indeed a good deal of information here that Kiyosaki has mentioned in his previous books, but I am not terribly upset about this as it serves to reinforce the message. Besides, if you haven't read any of the previous Kioysaki books, you would be stuck in the middle of nowhere if Kiyosaki left out the previously published information.
 Interesting view point, a little flawed July 5, 2008
0 out of 1 found this review helpful
The premise of the phrophecy is that the baby boomers will pretty much take their money out of the stock market suddenly and cause it to crash. I suspect the market is far more vast than considered and the baby boomers' 401ks combined represents only a few drops in the bucket. If the market crashes, it won't be because of this prophecy's premise.
This book does what it's author intended. July 3, 2008
Robert Kiyosaki is a motivational speaker that also happens to sell books. If you are looking for a "How To", then you're in the wrong place. The Rich Dad, Poor Dad author seems to always strive to make you think about your financial future, and Rich Dad's Prophecy is no different.
Using scare tactics to elicit a response from you, this book strives to tell you that the stock market is a bad place to invest your money, and presents reasons for this opinion. However, looking historically, this has not been the case. One of Kiyosaki's main points is that the market will crash because all of the baby boomers will be drawing out their money at a rate that the stock market won't be able to handle.
Kiyosaki's point could be a valid one, but there is too much wealth in the world (that is not controlled by the United States' small group of retiring workers) for this speculation to be factual. Read Kiyosaki's book for the motivation it will provide if you need it. Don't read Kiyosaki's book if you're looking for ideas on how to invest your money (unless you're thinking of building a motivational book series with your "Pay Yourself First" funds).
http://rhapsodiesofross.blogspot.com/2008/06/rich-dad-richer-dad.html
A little light on advice January 13, 2008
1 out of 1 found this review helpful
Kiyosaki does a great job explaining the decline to come. Par for the course, the author is less than clear with his advice. If you have not read "The Second Great Depression" or other books like it I do highly recommend this volume. However, your money may be better spent on a more technical manual on how to profit during a declining market.
 Move along... March 17, 2007
4 out of 7 found this review helpful
There is nothing to see (read) here. You know now what you will get from this book. Spend your money elsewhere on Amazon.
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