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!,Books,Free Shipping,0446690341,

	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! by Robert T. Kiyosaki, Sharon L. Lechter
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Product Details Binding Paperback Dewey Decimal Number 332.024 EAN 9780446690348 ISBN 0446690341 Manufacturer Business Plus Number Of Items 1 Number Of Pages 304 Publication Date 2004-01 Publisher Business Plus Availability Usually ships in 24 hours Product Description 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. 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. Copyright 2002 Reed Business Information, Inc. This time, superhot financial writer Kiyosaki directs his advice to baby boomers, who are now facing retirement. Copyright 2002 Reed Business Information, Inc. The premise of the authors' advice is that the demand for stocks will drop like a rock when the Baby Boomer generation retires and starts liquidating their portfolios to pay for living expenses. The 401 (k) retirement plan Congress passed REQUIRES that participants begin withdrawing funds from such accounts when they reach age 701Ú2, which for a large number of them will occur around the year 2016. The broader message that Kiyosaki teaches better than anyone is that only YOU can prepare for your retirement by anticipating such drastic market forces and staying vigilant about other opportunities for making money. A smoothly written wake-up call based on essential investment insights. T.W. 2003 Audie Award Finalist © AudioFile 2003, Portland, Maine-- Copyright © AudioFile, Portland, Maine 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. Robert Kiyosaki founded an international financial education company and invented the board game Cashflow. Sharon Lechter is an accountant who now focuses her efforts on creating educational tools for anyone wishing to better their financial education. Customers who bought this item also bought Cashflow Quadrant: Rich Dad's Guide to Financial Freedom Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! Rich Dad's Advisors®: The ABC's of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss (Rich Dad's Advisors) Own Your Own Corporation: Why the Rich Own Their Own Companies and Everyone Else Works for Them (Rich Dad's Advisors) Customer Reviews 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! Rating - You ignore this at your own peril In his latest book "Prophecy", Robert T. Kiyosaki predicts a major stock market crash in the near future. This, he says, is a result of the baby boomers (mostly) saving for their retirement via stock investments and given that a large number of them will retire from 2016 onwards their investments will have to be cashed in as it will be needed and as a result the market will fall if not crash. Apart from that, RK says, that most baby boomers may not ... Read More Rating - Interesting view point, a little flawed The premise of the phrophecy is that the baby boomers will pretty much take their money out of the stock market suddenly and cause it to crash. I suspect the market is far more vast than considered and the baby boomers' 401ks combined represents only a few drops in the bucket. If the market crashes, it won't be because of this prophecy's premise. Rating - This book does what it's author intended. Robert Kiyosaki is a motivational speaker that also happens to sell books. If you are looking for a "How To", then you're in the wrong place. The Rich Dad, Poor Dad author seems to always strive to make you think about your financial future, and Rich Dad's Prophecy is no different. Using scare tactics to elicit a response from you, this book strives to tell you that the stock market is a bad place to invest your money, and presents ... Read More Rating - A little light on advice Kiyosaki does a great job explaining the decline to come. Par for the course, the author is less than clear with his advice. If you have not read "The Second Great Depression" or other books like it I do highly recommend this volume. However, your money may be better spent on a more technical manual on how to profit during a declining market. see more reviews See all books by author Robert T. Kiyosaki, Sharon L. Lechter

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