In the past years, personal finance advocate Robert Kiyosaki has been giving away free copies of his books.
It may be his way of creating more buzz for his “Rich Dad” line of books and board games or another marketing tactic to promote his more premium coaching sessions. Still, we appreciate getting a copy of a popular personal finance book at no cost.
A few months back, Kiyosaki offered free downloads of his Cashflow Quadrant ebook for a limited time. Now, he’s giving away another one of his books, Retire Young, Retire Rich.
Here are some reviews about the book from Amazon:
Power of debt leveraging
Kiyosaki now focuses on the power of debt leveraging in order to work less and earn more. Beginning with the principle of changing attitudes about financial freedom, he explains the difference between earned income and passive or investment income, managing good debt that makes money for you, such as in real estate, the fundamental concern about 401(k) retirement plans that are too focused on stock market performance, and the need to create a long-term financial freedom plan and the emotional discipline to stick to it. — Dale Farris
Leverage as one secret of the rich
This book is primarily about the power of leverage. It demonstrates how Kiyosaki started with nothing and retired financially free in less than ten years. Kiyosaki further breaks the book down into three sections:
– The leverage of your mind
– The leverage of your plan
– The leverage of your actions
How important is leverage? In quoting his Rich Dad, Kiyosaki states: “People without leverage work for those with leverage.”
Leverage is one of the secrets of the rich. It is how Kiyosaki was able to start without money and amass a fortune… and how you can too. — Mark Forrester
Missing element in the book: Risk
This is “Rich Dad Poor Dad” reprinted with a few additions. The message of the book is correct: create assets that create passive income, avoid debt, get out of the rat race, don’t count on job security etc.
One element is missing, though. The risk of building a business is also high, as well as failure rate. Kiyosaki is a very successful businessman, but like many other successful people he fails to mention the role of chance in building a successful business. Yes, if you persevere, you may build a good business and become financially independent. But you also have a chance of being broke, bankrupt and have a heart attack. – Smet
No significant new information
For those who have read other Kiyosaki books, you won’t take away any significant new information from this book. It’s worth a read if you need a mental refresher course in the Rich Dad basics. Personally, it got me thinking in the right direction again after going a few months without action toward my financial goal, so in that sense, it was worth my time. – Andrew McNamara
There are mixed reviews regarding the book, with some praising Kiyosaki’s use of personal experiences and simple language to drive home his point. Some, though, dislike the book for its lack of specifics and for supposedly merely rehashing some of the ideas in his earlier Rich Dad books.
You can download the book yourself in his official website and be the judge. Free ebook download offer lasts until August 10.
Like any business, Rich Dad will get your email address and will send you promotional emails once in a while, in return for the free book. But if you’re willing to trade that for a free PDF copy of “Retire Young, Retire Rich” then head over to his site.
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