Rich Dad's Prophecy
Sometimes your greatest opportunities come at the greatest times of crisis.
And for those that have positioned themselves well, it’s not just surviving
disaster but rather achieving financial independence and wealth. In Rich
Dad’s Prophecy, author Robert Kiyosaki tells how his rich dad foresaw sharp
declines of the stock market and upheaval of corporations and their 401K
retirement plans. More importantly, he believes one of the biggest stock
market crashes in history is yet to come and that it will wipe out the retirement
savings of millions of employees. But this is not something to fear. Rich
Dad’s Prophecy reveals not only the best ways to safeguard wealth but how
to actually prosper from the events to come. The fears, dreams and actions
of the baby boomers will control our economic future. You should consider
building your own personal financial ark to stay afloat in the turbulent
waters ahead. In Rich Dad’s Prophecy, you’ll discover rich dad’s favorite
investments including tax-free funds that earn over 7 percent and more.
A must-read for those who want to maintain and grow their wealth in the
coming years.
Editorial Reviews
From Publishers Weekly
When the first baby boomers celebrate their 70th birthdays in 2016, according
to rich dad (the author's financial mentor and father of his boyhood chum),
a massive stock market crash will ensue. Joining half a dozen popular Rich
Dad books, this volume continues Kiyosaki's eloquent yet simple survival
instructions to investors present and future. Kiyosaki's wealth stems from
lessons learned at rich dad's balance sheets, and here he deftly illustrates
those complex financial truths. He encourages readers-many of whom suffer
from what he sees as the dismal lack of financial education in the school
system-to understand factors such as ERISA, the investor-unfriendly retirement
law for which rich dad vilified the government, and the overabundance of
"white bread" financial advice for the masses. Wall Street has nothing to
gain by smartening up investors, Kiyosaki warns, so it's up to people to
educate themselves. Those convinced that reading financial statements is
an activity solely for the sophisticated and the moneyed will be reassured
by Kiyosaki's analogies-Noah's ark is a primary one-as he colorfully covers
a host of investing esoterica and scrutinizes details every investor should
recognize. "Investing time when I had no time, and investing money when
I had very little money is what made me rich," he says.
Copyright 2002 Reed Business Information, Inc.
From Library Journal
This time, superhot financial writer Kiyosaki directs his advice to baby
boomers, who are now facing retirement.
Copyright 2002 Reed Business Information, Inc.
From AudioFile
The premise of the authors' advice is that the demand for stocks will drop
like a rock when the Baby Boomer generation retires and starts liquidating
their portfolios to pay for living expenses. The 401 (k) retirement plan
Congress passed REQUIRES that participants begin withdrawing funds from
such accounts when they reach age 701Ú2, which for a large number of them
will occur around the year 2016. The broader message that Kiyosaki teaches
better than anyone is that only YOU can prepare for your retirement by anticipating
such drastic market forces and staying vigilant about other opportunities
for making money. A smoothly written wake-up call based on essential investment
insights. T.W. 2003 Audie Award Finalist © AudioFile 2003, Portland, Maine--
Copyright © AudioFile, Portland, Maine --This text refers to
the
Audio CD edition.
Book Description
As recent events have proven, when it comes to retirement, relying solely
on a 401K plan is a sure recipe for disaster. By the year 2012-10 years
from now-the vast majority of Baby Boomers will be on the verge of retirement-and
they'll be looking to cash in on their hefty 401K retirement packages. The
problem is, according to Kiyosaki and Lechter, that all of these people
who religiously pumped thousands of dollars over their working years into
their 401Ks are going to be crushed if their mutual funds just haven't performed.
To avert this financial crisis, Kiyosaki and Lechter provide a detailed
financial plan to help forward-looking people prepare for the worst and
start planning now.
About the Author
Robert T. Kiyosaki lives in Phoenix, Arizona. Sharon L. Lechter lives in
San Diego, California.
