If you have wealth to pass to future generations, you should read this book.
934954
This book is about teaching how to handle the responsibility of handing down family wealth to successive generations. It is in a lecture style of writing with several references to workbooks at specific places to make sure you understand the plan being explained perfectly. There are many examples of situations that may be encountered such as marriage and divorce that could pose problems with the division of wealth. The author offers suggestions of how things like this might be handled to protect the family and the future generations who should be benefitting from your hard work instead of your wealth falling into the wrong hands.
 It's a book worth reading though I personally didn't feel like it spoke to me
1966574
I am a 19 year old student and I am so grateful that I read this book at this age, however, I would recommend it for every age group. The sooner the better. Dave teaches you how to reduce your monthly debt payments, slowly, but surely, and gives you the foundation to become wealthy, one day. I do not agree on all his investment advice, so I do recommend, as does Dave, reading this book in conjunction with other books about money, wealth and investing. I highly recommend everyone read this book and to follow his baby steps.
2938755
This is by FAR the best book I have ever read on wealth generation. I will be recommending it many friends, especially those that have children.
1774526
Man! I wish I would have read "Freedom Money" when I was finishing college. This would have put me on a trajectory of success straight away. I'm just now discovering a lot of the wealth building truths in Brian's book in my 30's.

If you're in your 20's or 30's even, you'll thoroughly enjoy this book. It will help you increase your net worth substantially.

Also, I literally read it in two hours in one sitting. Couldn't put it down!
819700
Read this book no matter where you reside in the political spectrum.  The book is essentially phenomenological; that is it derives from much historical data going back at least to the eighteenth century.  You will spend much of your time reading about the ratio of capital to income (beta) and the rate of return on capital (r) versus the growth of income (g).  Most of us learned as children about the potential exponential growth of money from compound interest.  The same phenomenon applies to the growth and concentration of the ownership of capital when r > g.  That process can continue for many generations.
 This book is extremely well written and understandable.  I took my time with the Kindle version.  Some of the asides are as interesting as the main thesis.  Universities with bigger endowments do much better than universities with smaller endowments.  Pay-as-you-go public retirement systems need to become capital based retirement systems (I recall that being mentioned for Social Security in the United States not too long ago.)  There have been periods when g > r.  g is not likely to be more than 1.5%.
 The author warns that he can't predict the future better than anyone else.  Shocks changed everything in the twentieth century, and I don't believe that this century will be shock free.  Perhaps, global climate change will be a major factor.  The author should have emphasized that his alpha, beta, r and g are statistics that don't predict individual outcomes.  Some will win not only the jackpot but the whole casino, and others will not.  The author suggests using taxes on capital (the same kind of tax that is already used for real estate, a form of capital) to regulate the excesses.
3333339
Mr. Kiyosaki has put together a no-nonsense guide to wealth accumulation.  There are no ten steps to massive wealth or futile predictions of stock market bust or boom (See "Where are All The Customers Yachts?"), just a strategy to go from being poor (a mindset) to realizing that while you may be financially broke you are only poor if you decide to be.  Along the way a fundamental financial principle is defined, that of assets and liabilities.  Simply understanding the difference (or not) can make or break you.  Assets increase in value over time while (to many) liabilities bleed you dry financially.
Beyond that, the emphasis of the book is on working to learn as opposed to working for money while letting your money work for you.  Granted, you and I and everyone else not the offspring of a millionaire will (out of necessity) spend lots of time working for a paycheck.  During those times it's not so much the money earned that is of importance but the experiences and insights into the way business operates, the way deals are made, and awareness of opportunities that open up every day.
In a nutshell Rich Dad Poor Dad suggests that the reader should:
1) Learn as much as possible and try to continually surround themselves with people smarter than they are.
2) Understand assets and liabilities; focus on building assets while minimizing liabilities.
3) Understand how money flows, particularly the tax implications of various investments and financial maneuvers.
4) Develop the resources and contacts necessary to take advantage of opportunities as they become available.
This book will not make you rich; it will make you think and open your eyes to strategies of the rich mindset.  Once you have the right mindset, the rest is up to you!
1364975
I have had this book for years, and every time I read it I find something new to contemplate. For people who believe that only special people can make money, this book will show you how simple the concept is, and how we sabotage our own paths to wealth. It can also be applied to just about anything else you wish to have more of. I would put this on any must have list!
4882517
Stanley Riggs had a financial epiphany when he watched his mother napping in a chair at a nursing home while her hard earned savings were being depleted; as the guy in the next chair was napping for free having Medicaid pay his bill. All his life he had advised his parents how to save and invest their money, and suddenly regretted not having suggested that they spend down their money and enjoy life to the fullest while they could.

This prompted Dr. Riggs to take a serious look at threats to his own savings, and to write a book that would help others to understand economic trends, how to protect their retirement savings and how to use their finances to live the life they dreamed of.

Dr. Riggs did a very good job of explaining the mechanics of personal finance; highlighting the need to understand the concepts of assets, liabilities, net worth and cash flow. The book is divided into 3 sections: Build Your Wealth, Keep Your Wealth, and Enjoy Your Wealth. Each section contains chapters which offer detailed lessons on economics, including many original charts and graphs. The book is extremely well annotated. There are also three Appendices, including a 401K Plan Fee Menu, and Actuarial Table, and one I found fascinating, Famous Bubbles in History.

Dr. Riggs has lead a very successful professional life and is himself a multimillionaire. One of his best suggestions, in my opinion, was to Always seek financial advice from those who are higher up on the financial food chain. It's better to get advice from someone who has already accomplished what you are attempting to achieve. Thus he has offered just that- advice from someone who is higher up on the financial food chain, and it is offered in small enough bites that the average person is able to comprehend and learn from his wisdom.

If you want to learn more about personal finances, as well as the potential threats of governmental wealth distribution, this book is for you. It is not the easiest of reads because the topic is not an easy one. However, the author was thoughtful enough to provide a concise summary at the end of each chapter. I found this to be quite helpful in my ability to understand some of the more complicated financial concepts. This is an interesting book and it gave me pause for thought about my own financial future. I will keep it handy to refer to as my husband and I embark on the next phase of our retirement strategy.
1623832
very good information for financial planning for the future.
2592819
Excellent advice in a unique format. If you seriously want to growth wealth, you need to read, study and understand this material. Some readers may not understand or agree, but that's alright. The rest of us will steam ahead and leave them at the train station wondering where everyone went.
I enjoyed the read, the stories and appreciated the golden nuggets dropped along the way. Great book George!!
291106
Interesting read.  There was some redundancy, but some ideals are worth repeating.  Young adults to retirees can all benefit from this book.  Students entering college could get a big boost for their road map to prosperity if they would follow the advice given.  I plan on having my teenage son read many of the chapters.

Well worth reading.
1845709
The book makes a lot of assumptions about money coming in after retirement. It's going to be great to be retired (some day) but I personally worry about not having enough money, not that I haven't saved but in terms if/when the world economy takes a dive for several years. Worth reading however if you're close to or at retirement.
422806
In this easy to read and easy to understand book, you will find priceless,  ageless advice for creating, building and maintaining wealth, woven into a  wonderful story. This book will make for compelling, invaluable reading for  anyone--men or women, boys or girls--from ages 10--109 for generations to  come, with an eye for improving your financial standing in life. You will  thoroughly enjoy reading it because it's a great story, and you will refer  to it, and re-read it again and again for its usefulness. If only college  investment textbooks could be this good!
Apply the author's message to  your life, and you will reap both monetary and spiritual rewards!
3286566
This book is absolutely a must read.  I wish I had read it when I was younger but plan to implement everything I can now.  I will give this book as a gift to young people and suggest to those I know to read it.  It is a totally different way to think about money and I know he is right.  Please read this book.  I don't think  you will be sorry
2396546
I really enjoyed this book; it has several things that I think will make it very useful for people that have not been, are not now, and may never be particularly interested in investing.
Those are exactly the people that can find themselves being taken advantage of by brokers or "financial advisors," in the event that they receive a large inheritance.  Or, even worse, find themselves in really bad positions with regard to their 401(k)'s, etc.
I bought a few copies that I am going to give to relatives of mine for the holidays.  I like it that the book is short first of all, and that it tells a lot of simple but meaningful stories.  It very likely has some story that almost everyone can relate to, and is not a drab collection of complicated formulas and/or statistical data.
Definitely a 5-star book!
Brian Parsa
1025474
Everyone I talk to about books to read on money and finance recommends this book as a classic.  I understand why now.  It does not tell you how to become a millionaire quickly or even that there is a sure fire way to become a millionaire at all (basically you should own your own business, you need a decent income, say around 50-80k a year or more, and you save most of it, cut costs by restricting spending and buying everything used or at a discount, and invest the rest long term so by the time your in your 60s 70s, you've accumulated millions of dollars....there it is in a nutshell, but please there is much more life changing wisdom found in the book-read it all!)  It explains how most of the millionaires surveyed in the authors' study became millionaires which is very valuable and insightful information and it also describes their buying habits, personality traits as well as their backgrounds and upbringing which was one of the most, if not the most, eye opening parts of the book and why as others mention "everyone" should read this book.  The effective principles that can be learned from studying the traits and habits of millionaires (in the book labeled as PAWs-Prodigious Accumulators of Wealth) and non-millionaires (UAWs or Under Accumulators of Wealth) can be applied to one's own life and approach to consumption and money, which, while that may not make you a millionaire, it will make you more rich than you already are (or aren't) and more self reliant and financially independent.  That's what I got out of this book and it was well worth the read because I am more confident and worry less about how to plan financially using the principles and philosophy of low consumption/high saving espoused in the book based on the findings of studying millionaires who applied to same principles to become rich.

The content and information provided in the book is not geared towards specific details of financial planning (like putting together a budget, which investments to pursue and how to execute them, mathematical calculations for savings/retirement etc.), and is more about analyzing the motivations, buying/spending habits and character traits of those who become millionaires - this is at least as important to learn as well as the details of how to invest and manage your money.  I would argue that it is more important since it will influence and guide your decision making process on what to do with your money for the rest of your life.
2016197
As an economist, this book is definitely worth buying if you want some practical ideas of how to save for retirement and to view debt in a realistic way.

Too many people today seem to think that money will always be available to them, regardless of any practical understanding of it.  This book, alone, gives a clear understanding of what money is and isn't.  This book will give you a much larger understanding of why debt does not really help your buying power but instead creates risk on any long-term goals for your family, and many generations to come.

Applying this book to a frugal lifestyle can help anyone wanting to live debt free.

The only con side is that this assumes you have enough income to apply to these methodologies.  Otherwise, if you know how to compensate these methods to fit your income it will be more useful for a larger group of readers.