Product Description

Tune into any personal finance programme these days and the vast majority of today's money experts will tell you that, in order to become wealthy, you have to cut your credit cards up immediately and save, save and save by putting the maximum amount of your salary into your retirement plan. While these plans might work for some people, Robert Kiyosaki urges readers to take a different approach to financial freedom. That starts by learning how to get rid of our what he calls 'bad debt' (such as credit card bills, health bills and other unsecured debt) and learning how to maximise 'good debt' such as a home mortgage or other investments. Kiyosaki outlines how you can accomplish this without having to resort to cutting up your credit cards.

Product Details

• Amazon Sales Rank: #359699 in Books
• Published on: 2003-12
• Formats: Abridged, Audiobook
• Original language: English
• Number of items: 3
• Binding: Audio CD

About the Author
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.

From AudioFile
This installment of an enormously popular series delivers a hefty compendium of ideas, anecdotes, and money management policies that the author claims will change the fortunes of all who are disciplined enough to implement them. The affable Jim Ward guides listeners though the corridors of thrift, wise investment, and reinvestment, occasionally providing case histories and testimonials to validate and motivate. His delivery is sincere but never overbearing, perhaps reflective of the comfortable state of mind one reaches when rich. While some of the content boils down to common sense, the remainder offers listeners credible methods for gaining financial freedom. D.J.B. © AudioFile 2004, Portland, Maine-- Copyright © AudioFile, Portland, Maine

Customer Reviews

Good e-book - A new perspective
With so many other so called financial experts urging us to cut up our credit cards, what a refreshing change it is to read from a real authority who indicates that you not only don't have to cut up your credit cards but can actually become wealthier by using them.

I like my credit cards too and I highly recommend this program by Kiyosaki.

Interesting philosophy - Amazon: Learn to Add!
I downloaded this e-book - could't wait for the paperbook to come out and found Kiyosaki's philosophy really interesting. What a refreshing approac to NOT cut up your credit cards. In actual fact, I have been using my credit cards to make me money for 13 years now. Glad to see that someone with credibility has come forth and is setting the record straight. Like cutting up cards is going to help you. That is like saying put al ock on your refridgerator and don't eat if you want to lose weight.And Amazon--I counted one 5 star review and one 1 star review but this e-book is still rated a 1! Somebody needs a math class!

Guide to Becoming Rich -- Book Summary
Kiyosaki wrote this book as the eighth installment of his Rich Dad Series. The book serves to constantly remind us that the key to increasing our chances of becoming wealthy requires the willingness to the pay the price. Discussing all the get rich schemes, such as game shows or playing the lottery, Kiyosaki writes, "There are better ways to become rich, with much better odds, but most people are not willing to pay the price" (x). The price to pay is the time and money you spend investing in your financial intelligence.

Kiyosaki recalls a truism once observed by Rich Dad, "The only people who think life should be easy are lazy people" (3). Kiyosaki rejects frugality as the best way toward becoming rich. Instead he recommends paying the price for higher financial intelligence, "...another way to become a millionaire is to improve your financial literacy, your financial intelligence, and be willing to be accountable to yourself, your results, your continuing education, and your personal development in becoming a better human being...that was a price I was willing to pay to become a millionaire" (81). Adopting such a mindset becomes tantamount to swimming against the current. Possessing faith and the fortitude to dedicate your life to accumulating wealth in this manner is crucial to overcome such naysayers as friends and family.

Rich Dad also observed, "One difference between a successful person and an average person is how much criticism they can take...Most people feel safer in the herd of the average" (150). Criticism tests one's resolve. You must be willing to make mistakes and to learn from them. Kiyosaki writes, "...the price of becoming rich is the willingness to make mistakes, to admit you made a mistake without blaming or justifying, and to learn" (18). A person who has risked little in life has also gained little.

The book states clearly that the path to wealth is not to cut up your credit cards and decrease your means, but to work to increase your financial intelligence so that you can increase your means by acquiring income-generating assets. This strategy holds the greatest potential for accumulating wealth, but it also requires the heaviest investment in yourself.