If You Could Know the Future, Would You Invest Differently?

Sometimes your greatest opportunities come at the greatest times of crisis. And for those that have positioned themselves well, it’s not about surviving disaster but rather achieving financial independence and wealth.

In Rich Dad’s Prophecy, successful businessman, investor, and author, Robert Kiyosaki, tells how his rich dad foresaw sharp declines of the stock market and upheaval of corporations and their 401(k) retirement plans. More importantly, Robert shares how he believes one of the biggest stock market crashes in history is yet to come and that it will wipe out the retirement savings of millions of employees.

But this is not something to fear. Rich Dad’s Prophecy reveals not only the best ways to safeguard wealth but how to actually prosper from the events to come. The fears, dreams and actions of the baby boomers will control our economic future. You should consider building your own personal financial ark to stay afloat in the turbulent waters ahead. In Rich Dad’s Prophecy, you’ll discover how to prepare to prosper from the coming financial disaster. It’s a must-read for those who want to maintain and grow their wealth in the coming years.

Average Customer Review: ( 126 customer reviews )
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The book warns of many financial obstacles, but has little in the way of strategies to avoid them.

Here. . . I'll save you some time:

The stock market is going to crash around 2016 because of a law called ERISA, so prepare yourself accordingly.

You can make money in up and down markets if you know what to do.

Don't trust your money to mutual fund managers.

Buy, hold, and diversify is not the great strategy you think it is.

Educate yourself financially, but if you don't, stick with buy, hold, and diversify.

Real estate is a better investment for many because you can control it more readily.

There. . . now you don't have to read the book. That'll be twelve dollars.

87 of 88 found the following review helpful:

Prophecy: Timely and Scary for Majority of Baby BoomersOct 13, 2002
By Ralph Smith
I did not expect to get much out of this book. I expected the usual litany of admonitions and suggestions available in hundreds of articles and basic books on finance for the masses. Despite that low expectation, the first chapter had me hooked.

With an aging population, turmoil in the stock markets, and lack of knowledge about how much money is needed for retirement, author Robert Kiyosaki gives specifics to support his theory about predictable problems facing those who hope to retire.

The book won't appeal to people who are satisfied with their current job and have no plans to change in the future. But for those who care about government policy and how these policies and demographics are impacting our society, the book is eye-opening as well as easy-to read.

The "rich dad, poor dad" vehicle gets old but is stiff an effective and sometimes entertaining vehicle for conveying information.

174 of 188 found the following review helpful:

Repetitive & MisledAug 17, 2004
By M. Kennedy
I read Mr. Kiyosaki's first book and felt it was generally solid and a good start for the 90% of the population that is not focused on their personal finances.

This book takes his "buy income producing property" mantra a step further. He identifies a potentially real issue (massive decline in the value of the stock market) and offers his solution (buy assets that produce cashflow).

The book didn't offer a single solid idea on how to prepare for this disaster (except for repeating the idea of investing in income producing real estate over and over again). I find his brand of financial education very misleading and, based on the back pages of the book, he appears to be hocking a slew of additional "get rich quick" merchandise to gullible consumers.

He seems to equate value to the amount of cashflow that is produced and proclaims stock investments to be just paper value that can evaporate. I disagree heartly as a real estate investment is just as risky and can evaporate just as quickly.

I think he oversimplifies the process of investing in real estate rental properties. If the stock market does crash and the unprepared Baby Boomers will have to live poorly, then it is safe to assume that rental income from real estate investments could be reduced. In addition, there are hundreds of pitfalls to real estate investments that could turn them into losers that Mr Kiyosaki ignores or assumes away.

In addition, he professes to make money by receiving rental income on from his investments that provide 15-30% returns as well as profiting when he sells or re-finances the property when its value increases. He ignores that the real estate boom experienced over the last 20 years is in large part due to affluent baby boomers. If their affluence disappears, the demand for real estate will also disappear and the real estate market will experience a decline in value similar to the stock market. In the same manner, the rental income that is earned could be reduced if usage goes down or costs go up. In fact it could turn negative requiring the owner to put up more cash to save the investment.

None of this is discussed, as this world of investing is for serious real estate investors who spend all of their time on these types of opportunities. These people usually are able to avoid the bad investments and make the good investments (leaving all the bad investment to those amateurs who try to follow the book's advice).

Overall, I find it difficult to believe that there are investment opportuniuties available to 'Joe Public' that offer 20% returns without risks that justify those potential returns. I reminded of a saying of how if something sounds too good to be true ........

111 of 118 found the following review helpful:

Intelligent readers will be rewardedNov 01, 2003
By Gabe Storm
Although I enjoy Kiyosaki's entertaining writing style, I really enjoy how informative his books and this one in particular are.

In Rich Dad's Prophecy we learn why we shouldn't trust mutual fund managers (although this book was written over a year ago, look at what is happening right now with mutual funds), why "buy and hold" and "diversificiation" are not the best strategies to use and also why passively listening to your brokers (really jokers) can cause you to lose masses of money.

More importantly to the subject of this book is what is going to happen in 2016 when baby boomers liquidate their equity holdings.

Oh, and by the way, this is not a "doom and gloom" book as one individual wrote (probably a broker)this is just good, solid advice for anyone who is investing now and plans on having money invested over the next 13 years.

Some people warned about the "internet and tech bubble" a few years ago. Detractors called that "doom and gloom" thinking too but what happened?

I highly recommend Rich Dad's Prophecy. I also recommend Retire Young Retire Rich and Rich Dad's Guide to Investing.

98 of 104 found the following review helpful:

Highly recommended readingNov 09, 2002
By Gary Belles
If you are investing in this millenium and planning to retire within the next 25 years, read this book.I also recommend Retire Young, Retire Rich.

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