This was a good read.

Top takeaways:

BUILD A PIPELINE INSTEAD OF HAULING BUCKETS
E: EMPLOYEE
S: SELF EMPLOYED
B: Business
I: Investor
GOAL IS TO MAKE MONEY (E, S, B) AND MOVE TO I TO MAKE MORE MONEY
ULTIMATE GOAL:
MAKE MONEY IN B AND RUN THROUGH I
SAVERS ARE LOSERS. THE GOAL IS THE VELOCITY OF MONEY WHICH IS TO MOVE MONEY TO MAKE MONEY
THE KEY TO WEALTH:
Invest your cash into an asset, then pull your cash out and put it into a new investment without selling the initial asset!
TAX LIEN CERTIFICATES PAY UP TO 16% AND ALLOW YOU TO PURCHASE THE HOME SOMETIMES FOR PENNIES ON THE DOLLAR
IF YOU TAKE ON DEBT AND RISK, YOU SHOULD GET PAID!
CASH FLOW, NOT MONEY RELIEVES ANXIETY

Der 2. Teil kann leider nicht an die Qualität des 1. Buchs „Rich Dad, Pool Dad“ anknüpfen. Weiterhin interessante Ansätze, aber zT Wiederholungen aus dem 1. Buch und eher langatmig geschrieben. Kann man gelesen haben.

Tolle Lektüre, einfach ein muss.

A great follow up to the first Rich Dad book... people earn money on one of 4 ways, or quadrants: 1. being and employee (E) 2. being self employed (S) 3. being a business owner (B) or 4. being an investor (I). This book goes into the advantages and disadvantages of each. It focuses mainly on the B and I quadrants because that is where the tax advantages are, and that is generally where the rich make and KEEP their money.

If you want to financially change or know there is something you are missing, this is a must read! Read his book, Poor Dad Rich Dad first. Then read this book.

This is my second book I have read from Robert Kiyosaki (after Rich Dad Poor Dad) and I begin to notice a pattern.

One thing to remember is that Kiyosaki built his company around teaching people how to achieve financial freedom.
He mentions this story several times: how him and his wife went from living in a basement to building a company around alternate forms of education. (I want to add that personally I am a fan of the coaching business model, as it's based on a win-win principle)

It's important to keep this in mind, so you can approach this book with the right set of expectations.
The subtitle of "Guide to Financial Freedom" is misleading in this sense.
Imagine building a company around a niche, and then deciding to give away all your value in a 10$ paperback book.
It doesn't sound very lucrative or sustainable.

Because of this, you will notice the book very much resembles a movie trailer (a decent one at that):

- You get a firm idea of what the whole thing is about (financial freedom).
- You get to know the characters, the setting, and an abstract of the story (the Cashflow Quadrant).
- You even get to see some of the best punchlines from the movie (real anecdotes from his past).

But that's about it.

After every chapter you are left with the feeling of "ok that makes sense, now how can I apply this in my own life".
And by the time you reach the end of the book, you never really get an answer to that question.

The same ideas and principles (which you might already be familiar with from Rich Dad Poor Dad) keep repeating over and over:

- mainstream advice is misleading
- traditional education and the schooling system are outdated
- financial decisions should be based on logic, not emotion
- learn to manage risk instead of avoiding it
- business owners and investors pay less in taxes

You can argue there's a benefit to this, as the saying goes "repetition is the mother of all learning".
But once you manage to grasp these concepts, the book doesn't offer much beyond them.

Not to mention a lot has changed in the world in the last 20 years since the book was written (events such as the dot-com bubble, 2008 recession, social media boom, etc.).
The core principles still apply, but you will come across a few predictions which simply fail to stand their ground.

Despite all the above, I still give this book 4 stars and recommend that people read it.
I managed to leave with a few key takeaways, which I trust will bring me value in the future:

- the Cashflow Quadrant as a financial framework for understanding the different paths money can be earned
- creating a successful business is more about creating a scalable system rather than a good product
- I am actually considering investing in his Cashflow board game (he mentions it a lot in the book, and it has good reviews)

In conclusion don't expect this book to show you the way to financial freedom.
It does a good job of presenting key concepts useful along the journey, while at the same time contributing to a proper mindset on money and finance.

The second book in 'Rich Dad, Poor Dad' series. I like the narration and the execution of ideas. Those who want to get some ideas to be financially aware and knowledgeable definitely read this book. There are many points which compliments the first and third books. (Rich Dad's guide to Investing)

Хороша книга для людей які зовсім не мають фінансової освіти. Тому книга для мене і вона мені сподобалась. Написана легкою мовою, історіями, тому читається супер легко.
Не читайте українською, бо дуже поганий переклад.
Не читайте російською, бо русня - не люди.

Refrescante. Lectura obligada para quienes quieren entender como funciona el mundo, para quienes creen en el esfuerzo y quieren trabajar para si mismos en vez de trabajar para otros o para el Estado. Si usted gusta de salir a protestar por más protección del estado, por sus 'derechos' o por la desigualdad entre ricos y pobres, NO LEA ESTE LIBRO, no lo va a entender, o al menos terminará indignado por su contenido. Recomendado sólo para personas de mente abierta. ROMPE TUS PARADIGMAS.

This is an intriguing follow-up to "Rich Dad, Poor Dad," and I enjoyed the way Kiyosaki devised his four quadrants. He definitely has a point about the difference between each quadrant or type of person. He provides sensible advice for transiting between columns.

As an interesting aside, he makes an excellent point about the public education system. I had already begun homeschooling my children because of many of the points that he discusses in his book. Specifically, the system's tendency to create employees who do things exactly and unquestionly, without thinking outside the box. I, personally, am not homeschooling my children so that they can grow up and become "B" or "I" folks (though I'd like to see them do so), but so they learn how to think and question. It was just interesting to see those points brought up against the public education system in a financial book.

My intended method of managing money trends more towards Dave Ramsey's advice than Kiyosaki's, in terms of acquiring (or not acquiring) debt, but given the local housing bust, I think Ramsey's advice has certainly played through. That said, I appreciated Kiyosaki's perspective on "how can I afford this" rather than "I can't afford this"; that is, seeking creative methods to finding a solution, rather than giving up.

An interesting, thought-provoking, financially helpful book. The only problem I have is that I always find myself seriously considering purchasing Kiyosaki's $200 board game when I finish. (Not because he turns the entire book into a commercial - although he does mention it frequently - but because I am interested in seeing how it works and how much it really helps to change financial attitudes.)

It was a bit too repetitive, but otherwise as amazing as Rich Dad Poor Dad.

The book offers a neat summary of the original Rich Dad, Poor Dad philosophy and might be the push you need to move from the left side of the quadrant (employee or self employed) to the right side (business owner and/or investor). Rather than offering practical steps, it puts forth the idea that the difference between these sides is the level of security you are willing to sacrifice and endeavors to push your threshold for risk-taking so you can achieve financial freedom.

While I agree with the philosophy, I do wonder how many actually have the savvy to succeed as business owners and escape the situation of living in one's car that Kiyosaki experienced - could they risk greater financial and personal distress in the pursuit of super wealth over basic wealth? I suppose it's up to each one of us to determine that for ourselves and make the choice of whether or not to try.