Cover image for 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!
Title:
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!
Author:
Kiyosaki, Robert T., 1947-
Personal Author:
Publication Information:
New York : Warner, [2002]

©2002
Physical Description:
286 pages : illustrations ; 24 cm
Language:
English
Added Author:
ISBN:
9780446530866
Format :
Book

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Summary

Summary

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.


Author Notes

Robert Kiyosaki was born and raised in Hawaii, and is a fourth-generation Japanese-American. He attended college in New York, and after graduating, joined the Marine Corps and served in Vietnam as an officer and helicopter gunship pilot.

After the war, Robert worked for the Xerox Corporation as a salesman. In 1977, he started a company that brought the first nylon Velcro 'surfer wallets' to market. In 1985 he founded an international education company that taught business and investing to students throughout the world.

In 1994 Robert sold his business and retired at the age of 47. During this somewhat short-lived retirement, Robert, collaborating with co-author Sharon Lechter, a C.P.A. and his business partner, wrote the bestselling book "Rich Dad, Poor Dad".

(Bowker Author Biography)


Reviews 2

Publisher's Weekly Review

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. (Oct.) (c) Copyright PWxyz, LLC. All rights reserved


Library Journal Review

This time, superhot financial writer Kiyosaki directs his advice to baby boomers, who are now facing retirement. (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


Table of Contents

Introductionp. 1
Section 1 Is the Fairy Tale Over?
Chapter 1 A Change in the Law ... A Change in the Futurep. 11
Chapter 2 The Law Change That Changed the Worldp. 21
Chapter 3 Are You Ready to Face the Real World?p. 31
Chapter 4 The Nightmare Beginsp. 51
Chapter 5 What Are Your Financial Assumptions?p. 65
Chapter 6 Just Because You Invest Does Not Mean You Are An Investorp. 83
Chapter 7 Everyone Needs to Become an Investorp. 95
Chapter 8 The Cause of the Problemp. 105
Chapter 9 The Perfect Stormp. 115
Section 2 Building the Ark
Chapter 10 How Do You Build an Ark?p. 133
Chapter 11 Taking Control of the Arkp. 145
Chapter 12 Control #1: Control over Yourselfp. 155
Chapter 13 Control #2: Control over Your Emotionsp. 187
Chapter 14 How I Built My Arkp. 197
Chapter 15 Control #3: Control over Your Excusesp. 207
Chapter 16 Control #4: Control over Your Visionp. 217
Chapter 17 Control #5: Control over the Rulesp. 229
Chapter 18 Control #6: Control over Your Advisorsp. 249
Chapter 19 Control #7: Control over Your Timep. 255
Chapter 20 Control #8: Control over Your Destinyp. 269
Conclusion: A Prophet's Hope Is to Be Wrongp. 275
Appendix 1 ERISA and 401(k) Plansp. 281
Appendix 2 About Dave Stephens's Program in Schoolsp. 285