Items related to Rich Dad's Prophecy
Just a few years from now the vast majority of 'Baby Boomers' will be on the verge of retirement - and looking to cash in on their retirement plans. Quite frankly this will be a major drain on cash reserves for which no-one is ready and there's every chance that peoples' lifelong savings will dramatically lose their value. Now for the good news:- Sensing this financial crisis is in the offing, Kiyosaki and Lechter provide a detailed financial plan to help forward-thinking people prepare for the worst - and they urge that one must start planning NOW! They cover a variety of alternative ways of generating wealth through other forms of investment, including real estate, self-employment and investing in companies.
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About the Author:
Robert Kiyosaki founded an international financial education company and invented the board game Cashflow. Sharon Lechter is an accountant who now focuses her efforts on creating educational tools for anyone wishing to better their financial education.
From AudioFile:
The premise of the authors' advice is that the demand for stocks will drop like a rock when the Baby Boomer generation retires and starts liquidating their portfolios to pay for living expenses. The 401 (k) retirement plan Congress passed REQUIRES that participants begin withdrawing funds from such accounts when they reach age 701Ú2, which for a large number of them will occur around the year 2016. The broader message that Kiyosaki teaches better than anyone is that only YOU can prepare for your retirement by anticipating such drastic market forces and staying vigilant about other opportunities for making money. A smoothly written wake-up call based on essential investment insights. T.W. 2003 Audie Award Finalist © AudioFile 2003, Portland, Maine-- Copyright © AudioFile, Portland, Maine
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- PublisherTechpress Inc
- Publication date2002
- ISBN 10 075153496X
- ISBN 13 9780751534962
- BindingPaperback
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