Reader,

This book will open your eyes, make you think but most important motivate you to take charge of your life. As a young man I can truly say Mr Kiyosaki has implanted a mindset of hope, hunger but most vital..education.

Enjoy sir/ m'am

This book was recommended by someone a lot more financially successful than I am. But while I was reading, I kept asking myself, "When's he going to get to the point?" The first part of the book is all about why it's good to be rich--something I thought was unnecessary. The bulk of the book is filled with anecdotes that try to illustrate the different mindset of rich people as compared to middle-class and poor. Finally, in the last part of the book, he gives some practical examples of what he considers to be good investment strategy. This was the only part of the book I was interested in. To me, it was like his publicist told him that no one is going to buy a 30-page book on investing and so Kiyosaki wrote what he knew about making money and filled the rest with "fluff". However, even his advice is considered questionable by many experts. I would say that the main idea I got from this book was to try to look at investing from different angles and not to just follow the crowd. I just wish I hadn't invested so much time in a book that could have been a lot more concise.

I think this is the best of the series. It is real easy to read which I like because you can finish it fast. It has some great lessons and makes some wonderful points about investing for future retirement. Anyone can learn something from this that they can put to good use.

There are a lot of generalities in this book but that doesn't mean that it isn't good. If you had to choose between this one and the first one I would choose this one. They both will get you thinking in terms of the big picture instead of the minute details of everyday life. I am currently investing in rental property and agree with the author that you must have positive cash flow in order to invest, which in a lot of markets you can't do right now.

Anyway this book will get you started down the road in the right direction which I must say a lot of them won't.

I don't think you should read this book hoping to find HOW TO retire young and retire rich as most people would think of. The book doesn't tell you that. What the book DOES, is help you change your mind, the only thing I think that will really help you change your financial reality. I don't get tired of reading Kiyosaki. The more you read, the more you understand.

Look , the book has good general advice, and for that it may be worth the price and time. I enjoyed it up until the chapter on option trading. The events recounted in this section are impossible imo.
He recants the tale of selling naked Put options on a stock to collect the premiums. Claims he made 5 grand in 5 minutes and didn't need to worry about watching the market or the stock or the option. Sorry , but he mentions that the options expired worthless a couple weeks later , so until such time as they did , he was entered into a contractual obligation for the underlying security. 5 minutes me arse.
The strategy is sound assuming you know that this is pure speculating , not investing , and understand and can deal with the risks.
Selling the described puts at 5 gives him a maximum potential profit of $5,000 (less transaction costs.) He can NEVER make any more than this on this particular trade. The risk involved? Over the course of the next 'few weeks' , (not 5 minutes Robert) , worst case scenario is you just bet on the next Enron. The underlying stock has an SEC investigation , accounting scandal , whatever. Not likely no , but weighing the rsik reward ration by its very nature implies looking at the maximim potential risk. The stock is halted, files BK , whatever. Mr.K now owns a thousand shares at 40 of a bankrupt company. His loss is $40,000 , plus trans. costs , less the $5 he received in premiums.
In affect he is taking a maximum risk of ~35,000 to make a maximum profit of ~5,000. Simple as that. This is pure speculation.
But hey , nothing wrong with taking risks if you are comforatble with the reward potential.
The main problem is the numbers he uses. He claims that he sells these puts at $5 - with a strike of $40 , while the stock was trading at $45. In addition , they are expiring in a couple of weeks. My question is who bought these things? Mr K. must have found the dumbest speculator on Earth to pay $5 for a put that is already 5 points out of the money and expiring in a couple of weeks. This genius would need to see the stock drop more than 10 full points, in 2 weeks , to break even. For comparison , right now, lets look at a similar situation. Shares in Electronic Arts are trading about $45 , just like the stock in his example. The July puts expire in about a month , almost twice as long as the stock in Mr K's example (thus offering more time value and accordingly a higher price 99% of the time). The same put option , with a strike of $40 , 5 points out the money, - just like his example- is trading at .... 0.60. That's right , 60 cents. If you wanted to sell the puts, like in his example , you'd get $600 , not $5000. Furthermore ERTS is a volatile tech stock. Mr. K claimed the stock underlying his transaction was a solid earnings-growing , dividend-paying stock. This as a rule would assume less volatitly I presume , and less premiums to the options.
I have checked a dozen stocks in the same price range and with similar options and found ERTS to be typical. I found nothing anywhere vaguely approaching the premiums Mr K claims to have received in his example. Nowhere near it.
He goes on to site the flip side of the example again later in the chapter. He ended up owning the stock. He claims that the stock had the stock fallen to $35 , he would write covered calls against the position to generate income again. He would sell $40 stike calls. The price he thinks he got is again $5. What nut in his right mind would pay $5 for a short term call that's 5 points out of the money , in a stock that just fell over $30 (his example)? Sorry , no way these numbers meet with reality. regardless of the state of the market in 2002 , I just find the numbers used virtually impossible to believe. Had he offered the name and date of said trade it could be easily checked , but he did not.
Otherwise , he gives you ideas to consider. It's more a self help , motivational type thing than any specific plan for acquiring wealth in my opinion , and some examples gievn are simply not good recommendations for many people, while others are just not entirely believable.
Obviously this is all just my opinions , and I'm no option trading expert or anything.
Worth a read though.