by Robert T. KyosakiI am now forever skeptical of books on finance, with an emphasism of skepticism on the ones that are written for the mass public. This book claimed in large letters on its front cover that it would reveal to me, "why the biggest stock market crash in history is still coming and how [I] can prepare [myself] and profit from it!"
It proceeded to teach me in about a million words the basics of pension plans, and how most people in this day and age are on a 401(k) or some type of plan where they do the investing. It then proceeded to tell me in an additional million words why this was a bad idea. I'll boil it down: the mass public isn't educated on investing. He throws in a sidebar on how the national education system is to blame. All I took from this longwinded oratory was that there is a strong possibility of a huge stock market crash in around 2016 due to the baby boomers turning 70 and therefore being forced to start liquidating their investment pension plans slowly over the rest of their lives. Lots of people will be selling but people won't be buying fast enough to level out the impact. Then he threw in a caveat on how living longer is really killing us all. Everyone's a philosopher.
Time to read before banishing from my presence: about 3 days
General consensus: Rich Dad, Poor Dad author isn't ready for his lucrative book series to end so he wrote this gem, an exercise in dragging out three useful sentences until his publisher deemed it an actual book.
2 comments:
Wife read "Rich Dad, Poor Dad" in school. Then I read it.
It sucked!
I liked Rich Dad, Poor Dad for its inspiration. I disliked it for its stupidity.
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