Rich Dad's Retire Young, Retire Rich: How to Get Rich Quickly and Stay Rich Forever!

by Robert T. Kiyosaki and Sharon L. Lechter

Book Overview

The way to achieve the goal of a lifetime.Its the dream that is quickly becoming a realitymaking so much money at an early age that you could decide when to retire, knowing full well that you have enough stashed away to ensure a life of comfort. In this new book, the fifth in the Rich Dad series, financial guru Robert Kiyosaki provides practical insight on how to put together a financial plan which will not only make you prosperous, but will also...

• Format: Paperback
• Language: English
• ISBN: 0446678430
• ISBN13: 9780446678438
• Release Date: January 2002
• Publisher: Business Plus
• Length: 335 Pages
• Weight: 1.03 lbs.
• Dimensions: 1.0" x 6.3" x 8.8"

Customer Reviews

How to Retire Young and Retire Rich-A world w/o paychecks?

Robert Kiyosaki started with nothing and in less than ten years, retired financially free. He enjoys a lifestyle that we all wish we had. One of the first mindsets or mentality that he had to change was to succeed in a world without a paycheck. This is in a world that practically deifies a job and a paycheck.Kiyosaki explains that most people have 50%-100% of their income is from earned income from a J-O-B. BIG MISTAKE! Those who retire young and retire rich do so from portfolio income. From passive income. From residual income.How do you do this? You create a business. It can be network marketing or a franchise (if you have that kind of money sitting around or the ability to borrow it) Or it could be real estate (my choice--no downlines, uplines, sidelines, monthly quota's, sales volume requirements etc.) Or you could write a book. Self publishing is flourishing today because many people have excellent ideas and eager to disseminate these ideas in the form of a book. Retire Young Retire Rich is an excellent book for anyone who regardless of their present income or level of wealth, wants to retire financially free and financially independant within 10 years or less.Great book. Maybe his best to date.

Powerful and pragmatic

Robert Kiyosaki and Sharon Lechter sure take on the establishment and blow a hole right through commom misconceptions about wealth.Forexample, many people think that investing is risky. No so say Kiyosaki and Lechter. In fact, they go on to explain that not investing is risky.Buy and hold? Invest in blue chips (or is that blue jips?)? Dollar cost averaging? All taboo.Social security? Hah! And how effective are 401 (k) plans? According to ther authors they are about as effective as savings accounts. Before you blast that concept, look at your 401 (k) plans and how they have performed over the last three years. I rest my case!The authors also discuss the huge (50%) capital gains tax 401 (k) holders will have to pay as they withdraw their money. Many people are not prepared for this and unfortunately, many financial professionals never disclose this to their clients.Imagine current retirees paying a 50% capital gains tax on top of the 50%-75% loss in capital from the bear market over the last three years--Ouch!The advice in Retire Young Retire Rich is powerful, timely and pragmatic. I also recommend Rich Dad's Prophecy and Rich Dad's Guide to Investing.For more advice on options, I recommend The Option Player.Follow the advice and you too can Retire Young and Retire Rich!

Get real you 1 star people!

This is a great book, possibly the best of the series. If you think all there is to life is a college degree and a J-O-B, think again.Mr. Kiwosoki has written an excellent book that is right for the times. You can retire rich and you can retire young by following the principles in this book.I also recommend "The New Professionals" and "Turner Turner, Turner: The King of Network Marketing" for additional reading and insight.

Essential Look at How You Must Think and Act to Prosper!

This book deserves more than five stars for its exceptional clarity, authenticity, relevance and eloquence.Those who love the Rich Dad, Poor Dad books will adore this one. I found it to be the best book in the series since Rich Dad, Poor Dad.Mr. Robert T. Kiyosaki speaks with the authority of experience. He did retire young at 47 while his wife was 37. At that time, his expected annual income was between $80,000 and $125,000. Many people yearn for early retirement with wealth, mostly because they hate their work. Mr. Kiyosaki was soon back at work, establishing new businesses. Most of his wealth was created after he retired. "I keep working because there are so things that need to be done." So, he has clearly moved from earnings a living, to living a mission of self-expression. That's very wonderful, and I hope you will accomplish the same result!Although the subtitle says this is "how to" book, it's really more of a "what to think" book. The fundamental concept is to leverage your mind, your plans, your actions, and your priorities to get wealth faster and more easily. As usual, Rich Dad provides some wonderful quotes. Here are a few of my favorites."David could beat Goliath because David knew how to use the power of leverage." "Cash flow is the most important word in the world of money. The second most important word is leverage.""Leverage is the reason some people become rich and others do not become rich.""Because leverage is power, some people use it, some abuse it, and others fear it.""Getting rich begins with words and words are free."" . . . do more and more with less and less." The first books in the Rich Dad, Poor Dad series have been about cash flow. This one shifts over to leverage. Section 1 is about leveraging your mind, section 2 looks at leverage from a plan to retire, section 3 addresses leverage from actions. The book goes on to give you a final exam on your attitudes and a challenging thought to chew on to help get you focused properly: making lots of money with no money to start with. Now, any book about leverage would normally have lots of pages on how debt leverage works. In fact, that is only a small part of what this book talks about. You will find that discussion in part of chapter 16, which looks at all of the forms of leverage in real estate. One of the strengths of the book is a fine discussion of how to think about risk and reward. It's not how often you fail, but how big the costs of your failures are compared to the rewards of your successes . . . and your determination to keep trying until you succeed. For instance, 9 out of 10 new businesses fail. But the value of the 1 in 10 that succeed should vastly outweigh the costs of the 9 failures. The book is excellent in warning you against the risks that you are unconsciously taking. Most people have 100% of their financial futures tied up in government pension and Medicare payments and the stock market. Mr. Kiyosaki correctly points out tha

Another winner from "our Rich Dad"

Just got the book (on order since June!)and I dived in to it straight away. If you liked the other books in the "Rich Dad" series, you are going to love this one. At first I was worried that it would be a rehash of the other books, but my fears were quickly put aside as I read on. "Retire Young" adds a new dimension to the information already shared in the other 3 key "Rich Dad" books by going in to more of the psychology of being rich. Robert shares more insights of his life - adding new levels of details to te stories we heard in the first books, plus new information on the way he and his wife have developed their fortunes from the time that they had zero.This book is a MUST READ for anyone wanting to get the full impact of the "Rich Dad" way of being. You are left in no doubt of the things you have to stop doing -- or do more of -- in your own life in order to retire young and retire rich.