Monday, August 30, 2010

Review: Rich Dad's Conspiracy of the Rich

By Robert T. Kiyosaki
Clearest, Simplest Explanation of Money and Finance for the Lay Person I Have Ever Seen

Rich Dad's Conspiracy of the Rich: The 8 New Rules of MoneyI have read a lot of Robert Kiyosaki’s books and this one, in particular, does a great job of consolidating, condensing and covering much of his familiar material and relating it directly to the present economic situation. In fact, I would say his presentation of money and finance for the lay person is the simplest one I have ever seen. And his understanding and explanation of basic financial rules is excellent.

As a clinical psychologist, I find that this book—or any of Kiyosaki’s books—is very valuable for couples where one person really doesn’t understand investing or saving and another comes from a family where there is a lot of investment and saving and understands it well. Kiyosaki summarizes the tax system and tax consequences of different kinds of working situations. This information is also covered in previous books, but here again, the author has managed to present it in the clearest and simplest of terms.

Many couples continue to struggle with different financial philosophies without an awareness of the big picture. So it is very important for families to learn what he is talking about and to understand and consciously select which one of Kiyosaki’s four styles of approaching income and wealth that best suits them.

He wrote the book online and it includes comments from readers, giving it a very interactive quality. To be perfectly honest, most editors would probably cringe at his writing style. He is very repetitive in the way a good teacher is very repetitive. Some people find that frustrating. But if the contents are new to you, you will find the repetition helpful to give you a deeper level of clarity on the first reading. In other words, the redundancy may be irritating or annoying for anyone who likes well-written books. On the other hand, the way this author brings complex material to the average person with crystal clarity is amazing! To purchase the book, click on book cover at top left, or on this link: Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money

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