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Rich Dad's Conspiracy Of The Rich: The 8 New Rules Of Money (2009)

by Robert T. Kiyosaki(Favorite Author)

3.97 of 5 Votes: 3

ISBN

0446559806 (ISBN13: 9780446559805)

languge

English

genre

Nonfiction

publisher

Business Plus

review 1: If it would be the first book read for an aspiring personal investor it would suffice with the concepts of cash flow and passive income. Probably at least a 3 star rating under such premises. However, in comparison to "Cashflow Quadrant" it provided nothing new. In fact, this book provided a theory with very little evidence regarding the coming economic crisis in correlation to the instability, due to the lack of investments and the increase of savings in the American economy. Kiyosaki suggests that the increase of investments with the concept of increasing cash flows in the economy will stabilize it through constant cash circulation. With that being said, it would reduce consumption and Kiyosaki's goal regarding savings. This theory suggests that if an economy of financia... morelly educated people were to make "correct" financial investments, there would be no economic crisis due to constant cash flow. As credible as it sounds, it fails to take into account the repercussions of optimal investments. If all investments were to be optimal, then it would be safe to say that all money goes to the firms. However as optimal investments are limited, it would only go to a selected few. Once firms go past their financial equilibrium, cash will not flow in the economy due to the cash not being necessary spent in the said economy. with that being said, this would be create it's own economic crisis on the hands of the firm rather than the economic crisis being the financial institutions and insurance agencies during 2007. The theory can be acceptable if it takes into account the amount of consumption versus the amount of investment. It is evident that this book is not for everyone, yet Kiyosaki imposes his theories of Financial literacy, "Conspiracies", "correct" investments to the eyes of the general public, who may not take such theories with a grain of salt due to ignorance. Kiyoaki's "Rich Dad Poor Dad" did well in assimilating the interest of the aspiring wealthy. This book looks like a conspiratorial generalization to sell his blasted CashFlow game.
review 2: Before reading that book I didn't believe that there are such conspiracy against us , that conspiracy indeed as Robert said began with the lack of proper education . Also before reading that book I thought that global currency us dollar is backed up be gold , he told us that currency means I owe you and it's just an idea , don't freeze your money in saving accounts . You must know the difference between asset an liability & Know when to focus and when to diversify.." knowledge is the now money , our mind are our the greatest asset ." less

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