List Books » 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!
Authors: Robert T. Kiyosaki, Sharon L. Lechter
ISBN-13: 9780446690348, ISBN-10: 0446690341
Format: Paperback
Publisher: Grand Central Publishing
Date Published: January 2004
Edition: Reprint
After growing up watching the financial lives of his "two dads" (his own father and his best friend's) unfold, Robert T. Kiyosaki turned the lessons he learned into the bestselling Rich Dad, Poor Dad line of personal finance guides. No doubt both dads are proud.
I think the 401(k) is a real scam," Edward N. Wolff, a New York University economist, wrote in the May 26, 2002, business section of The New York Times. Mr. Wolff, a recognized expert in wealth and income, was concerned with the deteriorating savings of millions of workers, caused by their 401(k) retirement plans.
Robert Kiyosaki's rich dad saw the 401(k) as more than a scam. His prophecy was that these new retirement programs, created in the U.S. in 1974 and adopted in various forms by many other countries, would cause one of the biggest stock market crashes in history...a crash that is still coming...a crash that will wipe out the retirement savings of millions of employees, leaving them dependent upon their families or the government in their later years. Rich dad often said, "Never in the history of the world have so many people bet their future financial security on the ups and downs of the stock market."
Rich Dad's Prophecy will show you how this obscure 1974 law will affect all of us, regardless of our age or where we live, sometime in the near future. And after it exposes the reasons behind the coming crash, it reveals not only the best ways to safeguard wealth but how to actually prosper from the events to come. Learn:
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. (Oct.) Copyright 2003 Cahners Business Information.
Introduction | 1 | |
Section 1 | Is the Fairy Tale Over? | |
Chapter 1 | A Change in the Law ... A Change in the Future | 11 |
Chapter 2 | The Law Change That Changed the World | 21 |
Chapter 3 | Are You Ready to Face the Real World? | 31 |
Chapter 4 | The Nightmare Begins | 51 |
Chapter 5 | What Are Your Financial Assumptions? | 65 |
Chapter 6 | Just Because You Invest Does Not Mean You Are An Investor | 83 |
Chapter 7 | Everyone Needs to Become an Investor | 95 |
Chapter 8 | The Cause of the Problem | 105 |
Chapter 9 | The Perfect Storm | 115 |
Section 2 | Building the Ark | |
Chapter 10 | How Do You Build an Ark? | 133 |
Chapter 11 | Taking Control of the Ark | 145 |
Chapter 12 | Control #1: Control over Yourself | 155 |
Chapter 13 | Control #2: Control over Your Emotions | 187 |
Chapter 14 | How I Built My Ark | 197 |
Chapter 15 | Control #3: Control over Your Excuses | 207 |
Chapter 16 | Control #4: Control over Your Vision | 217 |
Chapter 17 | Control #5: Control over the Rules | 229 |
Chapter 18 | Control #6: Control over Your Advisors | 249 |
Chapter 19 | Control #7: Control over Your Time | 255 |
Chapter 20 | Control #8: Control over Your Destiny | 269 |
Conclusion: A Prophet's Hope Is to Be Wrong | 275 | |
Appendix 1 | ERISA and 401(k) Plans | 281 |
Appendix 2 | About Dave Stephens's Program in Schools | 285 |