Second Chance: for Your Money, Your Life and Our World

This is the second and last book I will read by Kiyosaki. I agree with him very much that most people are illiterate about personal finance and they don't understand the difference between assets and liabilities. Up until about five years ago I was financially illiterate. So in that regard, a reading one of his books is worth it.But I'm sick of rich people and successful entrepreneurs looking down on people who work for a paycheck and don't spend their time figuring out how to amass wealth off the labor and consumption of other people.Kiyosaki aquires rental properties and rents out to people who actually work for a living. But at the same time, his books put down the kind of working people he rents his properties to.He like so many other rich people is obsessed with wealth accumulation. If he's so rich why does he constantly need to get richer? Why does he think everyone has to find ways to make money off other people?This will be my last book I read by him because his advice is preachy and arrogant. We don't need a world based on greed and wealth accumulation. We need a world where people can work and have their basic needs met. Personal wealth should not depend on exploiting the labor and consumption of other people.

This is another classic book by Kyoasaki. I have read them all and this one is one of my favorites. His books have changed my life and the way I think about money and my quality of life. His best is Rich Dad Poor Dad which sets the foundation for his other reads. This book reflects the evolution of his thinking since his first book in 1997. There is some repition from his other books; but, there should be. The foundation has not changed. His education has evolved. It allowed me to review my path and whether I am attaining assets or income, creating liabilities or income that will stand the test of time etc.The basic philosophy of this book is that "a coin has three sides. Heads, tails and the edge." If you learn to live on the edge, you will see both sides of a situation. You can then decide what is right for you. He also makes some good arguments as to the inadequacy of our education system and our government. His theories provoke you to think. It is a very interesting read and I cannot wait for his next. If you are new to Robert, my favorites are Rich Dad Poor Dad, the Cash Flow Quadrant, The Midas Touch and Second Chance. They have all changed my business and led to much success both financially and in quality of my life.

I can't get over how alike my thinking is with Kiyosaki, in Second Chance. Likely from having read other of his works, Rich Dad and Cash Flow Quadrant. Because I'm 'all-in' on Real Estate, I find his advice spot-on.There's a lot of repetition, a lot of mashup from his concepts of all his teachings, and its thick ... but an easy read.Absorb it to the very last pages, to get the real meat of where he wanted to take you on your Second Chance ... his true strength, andcourage comes from pointing you back to the inner self, and where your true dreams lied, and still burn.But you have to read to the end, for those questions, Robert, would like you to ask yourself. Those five (5) questions, will have you aligning your thinking, and act as great guardrails moving onto your 'Second Chance'.

I enjoy Mr. Klyosaki's writing style, a sort of question and answer session on paper. He does repeat his point in a number of subtle ways but it is helpful to see his point of view from slightly different angles. I find myself re-reading sections to get the most out of the idea. His books have caused me to make a profound change in thinking about assets and liabilities. So much so that I have been actively selling what I thought were assets but were by his definition liabilities. It is remarkably liberating to do. We are looking at income properties in the industrial sector to replace a number of non-performing non-assets now. The ideas in both books can be a life changer if you let them. Not everyone will be able to have the remarkable successes Robert has but we have had some very nice success of our own using the ideas from the book.

There is no political correctness here. While I'm not sure about impending doom, I appreciate his candid historical explanations about our education and financial systems. I have always considered Robert a genius when it came to the cash flow quadrant, definition of an asset and how to reach financial freedom by having your passive income exceed your expenses. Here it all is in one book. I used to recommend Rich Dad, Poor Dad but now I just recommend this book.

Excellent follow on to Richdad Poordad. There is per usual in the books of the Rich Dad series some repetition that may not be appealing to some readers.The book is timely as it addresses how readers might want to think now about the global situation regarding investment decisions. Kiyosaki does not make your decisions for you. Instead he presents conventional thinking vis a vis alternate approaches you might take as two sides of a coin. As a now informed decision maker standing on the third side - the edge - you decide on your course of action.By simplifying the detail in his best seller Richdad Poordad, the lesson on how to use debt toward success is very well explained. The example he gives is one of the better parts of the book.From the above the takeaway is a lesson in the mechanics finance of how Mr. Kiyosaki succeeded and you can too.You won't find details on where to go if anywhere in preparation for hard times or how to set up a bank account account in another country or the like. There are other sources for this.It is somewhat surprising that there was not more on gold and silver given Mr. Kiyisaki's support of Mike Maloney regarding the importance of precious metals in other venues. Mike Maloney's book Guide to Investing in Gold and Silver can be found on Amazon.

This is the amalgamation of Mr Kiyosaki's pas books, in a sense. So, if anyone misssed his books, by reading this one can get overall idea of whats included in previous books. This books is particularly suited as the timing we live is really filled with uncertainty and through preration of financial security for you and your family is very much needed. As Mr Kiyosaki states, no one but you have the best interest in your welfare and happiness. From our dealingw with stock brokers and SIPP advisors, we know all they care about is fees. This book, very well written, with many graphs, is for every one., Not only for young people, but for adults, seniors across all walks of life, except super wealthy who do not need any sell protection as their wealth is beyond anyone's life time earnings multipled.The book encourages you to study, act, and review. Blaming someone, government, etc does not change anything. As masonic maxim says, the great work must start from within.Very well presented, and readable for all peoples across the culture, economic or social status.Highly recommended.

I have read ' Rich Dad Poor Dad ' and also ' Cashflow Quadrant ' . I really like Robert kiyosaki and am really grateful for his educational insights regarding financial education, some of which have become deeply entrenched within my pysche. I think his books are ' padded' out a little too much though as it does feel like you have to comb through every word of every chapter until coming across the Golden Nuggets, so to speak, although every thing written about is valuable information , I would really get to get straight into the meaty bits about making money and get to the other stuff later.There are still unanswered questions for me . I would like to get into more specifics of finding assets, other than real estate which I think is well covered. Still glad I bought it .

It's not Robert's best book I'm afraid. He's regurgitating the same information he's done in previous books, with no real new content, but with lots of hints that there's new stuff there, and he'll give you the secret to a second chance, but never really gets there.I'm a big fan of a lot of Robert's other books, this one just didn't make the grade I'm afraid.

Coming to this book from "Rich Dad, Poor Dad" and "The Cashflow Quadrant" I found that there was much repetition but still quite a few gems that made it worth the time, effort and expense. If you only buy one of Kiyosaki's series of books then I'd recommend "Rich Dad, Poor Dad" but if you've read that already and are hungry for more, then go ahead and get this one...it's worth it.

Possibly one of his best books? He gets directly to the heart of things, and you owe it to your children to at least read this, then you can choose to ignore it if you wish, but knowledge is power and I doubt you will.