Rich Dad's Prophecy: Why the Biggest Stock Market Crash Is Still Coming and How You Can Prepare and Profit from It!

by Sharon L. Lechter and Robert T. Kiyosaki

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 0446530867
• ISBN13: 9780446530866
• Release Date: October 2002
• Publisher: Warner Books (NY)
• Length: 286 Pages
• Weight: 1.13 lbs.
• Dimensions: 1.1" x 6.0" x 9.3"

Customer Reviews

Definitely a must read.

Rich Dad's Prophecy is most certaintly a must read book for anyone who has money invested, especially in 401 (k) plans.While some of the information in RDP is similiar to Kiyosaki's earlier books, the pension, retirement and 401 (k) is fresh, startling and hopefully alarming to anyone who plans on investing their money between now and 2016.2016 is the year when the bulk of the baby boomers will be forced to liquidate their retirement funds. When this happens, a major stock market crash is expected (no kidding!) that surpass the bear market from 2000 to 2002.Another problem is what kind of money will current savers have in their 401 (k)s? For example, before going into self employment, I worked in a local office for one of the top 6 banks in the USA and had been putting all I could into my 401 (k) savings plan. Despite this being one of the "Big 6" Banks, matching by the bank was about average (and any matching reflected in reduced wages), options to invest in were patheticly weak and the bank would match us only with shares of Bank One stock. After reading RDP and going into self employment, I rolled my 401 (k) into a self directed IRA with a brokerage firm. I now choose my investments between stocks, mutual funds and bonds or even Tax Liens, Discounted Mortgages and Real Estate. I'm in control, not my employer.The only real benefit of a 401 (k) is the borrowing provision which unfortunately too many so called fiancial experts discourage.And after the Enron issue, who wants to have that much money in company stock?Kiyosaki is alerting people and none too soon. I am certain that all of the one star reviews are from brokers, financial planners and benefits directors from companies that hope that you blindly follow their advice even it means not having anything for retirement.I cannot emphasize the importance of reading RDP and more importantly, following the advice.To repeat, Rich Dad's Prophecy is definitely A MUST READ!

Will you be able to retire?

That is the question that is haunting more and more Americans today. The sharp decline in the stock market from March 2000 to October of 2002 turned their 401 (k) into a 101 (k).Scandals on Wall Street. Enron, Worldcom, Adelphia. As I am writing this many mutual fund companies are being investigated for securities fraud. How save is your money and will you ever really be able to retire?In "Rich Dad's Prophecy" you will learn how retirement financing will affect all of us, regardless of our age or where we live. And after it exposes the reasons behind the coming crash, it reveals not only the best ways to safeguard wealth but how to actually prosper from the events to come.In "Rich Dad's Prophecy" you will learn:* How the fears, dreams, and actions of millions of baby boomers will control the economic future and the markets* Why the old advice "Buy, hold and diversify" can lead to financial disaster* How another stock market boom is on the horizon before the the big bust---and when Rich Dad predicts it will happen* How to build your own personal financial ark to stay afloat amid the turbulent waters ahead and discover Rich Dad's favorite investments, including tax free bonds that earn over 7% and more.Be prepared and stay ahead of the curve. "Rich Dad's Prophecy" willdo more than convince you of the coming stock market crash. it will show you how to build your own personal financial arkthat will make sure you not only weather the storm but profit from it. And you'll profit well.On the other hand, if your only strategy is to listen to your broker, then you will certaintly end up---BROKER!

I love the CDs - Great way to learn!

I have always been more oa auditory than a visual, therefore love to listen to audio cassettes and cd's. Perfect while driving around instead of listening to the radio listening to allof those robberies, rapes and murders.With this program, I know that I am prepared for the upcoming market bounce and the Biggest Crash in History.I'M SURE THE BOOK IS GREAT---BUT GIVE THE CDs A TRY!

Prophecy: Timely and Scary for Majority of Baby Boomers

I did not expect to get much out of this book. I expected the usual litany of admonitions and suggestions available in hundreds of articles and basic books on finance for the masses. Despite that low expectation, the first chapter had me hooked.With an aging population, turmoil in the stock markets, and lack of knowledge about how much money is needed for retirement, author Robert Kiyosaki gives specifics to support his theory about predictable problems facing those who hope to retire. The book won't appeal to people who are satisfied with their current job and have no plans to change in the future. But for those who care about government policy and how these policies and demographics are impacting our society, the book is eye-opening as well as easy-to read.The "rich dad, poor dad" vehicle gets old but is stiff an effective and sometimes entertaining vehicle for conveying information.