Unfair Advantage: The Power of Financial Education

This book is an excellent book for both those that want to continue their financial education with the Rich Dad series of books and also first time readers of Robert Kiyosaki. This book is complete in itself. Robert continues his theme of the dangers of the middle class clinging to their job security, possessions and savings. He believes a financial education and cash flowing assets are what leads to long term financial success. He is also against the majority and believe most people spend their lives as wage slaves of their employers and tax slaves of the government. He advises learning to make a living as a business owner or investor and avoid the rat race and earn a paycheck and spend it on bad debt spiral. Robert points to the many unfair advantages that the rich have over the rest of the population and how he came to posses these advantages. I like this book because he speaks about his real life successes. While some shy away from it because it sometimes seems arrogant, I want real life examples not theories or academic opinions.The unfair advantages:1. True financial knowledge2. Paying taxes as a business owner is much different than paying taxes as an employee.3. Understanding the real nature of financial risk.4. The wealthy get compensated for providing homes, jobs, and products to consumers.The book gives the reader a warning against the old advice to get a good education, work hard, save your money, and buy a house because it is an asset. Robert Kiyosaki turns conventional wisdom on its head.I have been reading his books for over a decade and he was right about your house not being an asset on 1997 the 2008 meltdown proved that to many homeowners. He was right about the coming stock market meltdown he predicted in the book Rich Dad's prophecy in 2002. He was also correct about investing in gold instead of holding cash because of the devaluing U.S. dollar. Readers that followed his advice did very well, I am one of those readers in many areas.I highly recommend all the books from the Rich Dad series. His have really educated me financially over the past 11 years.

This book gave me much more than I expected from it. Kiyosaki does a wonderful job presenting new ideas for looking at things such as debt and taxes, which are usually looked at in a negative way and can actually be leveraged to make you wealthy. It also helps to point a few myths and memes that we hear so often about money and that really only serve to hold us back.I learned a few things about beliefs that I held that were not in my best interest in acquiring wealth from reading this book, mostly about debt and my own fears of taking a risk to leverage it. I also learned about the concept of cashflow investing instead of investing strictly for capital gains or trading later on.Granted, I am an investment newbie, but that is why this book was so great for me and I believe it is one of the best places to start for anyone wanting to take control of their financial health. Instead of looking for techniques and strategies first, start with the right mindset and then look for what vehicle you want to use to acquire wealth.This book is not about specific ways to make money, so if you are looking for techniques and strategies, you may want a different book. However, if you are starting out or are having constant stumbling blocks getting started, this book gives so much value and will give you the big picture. It's kind of like seeing the whole map first and then you can choose specific destinations of where you want to go with much greater ease. I think this book can help anyone feel more confident in finding the right path for themselves.

Reading this book all I can say is wow!...I've been a fan of Robert since 2010 (a year ago and got to read about 6 of his books). I like how Robert throws it at you honestly in a very easy way for you to understand all the occurrences that are happening with this country and how with, many detailed examples you can create different paths to wealth. I am currently an university student and since I read his books, I changed my major. All of my life is revolving in how to become smarter paying less in taxes and making the most out of my money through investing and valuation. I will follow the path of Robert as an entrepreneur as soon I graduate from school to be happy and follow my dreams. Jobs have nothing to offer you but to give you just enough income and a little more for you to keep coming back with a routine. Don't get me wrong, I love to work but it is just passionless and non rewarding most of the time. I would hate for me to happen in the future with what's happening around; getting people laid off for companies bankruptcies, or the you're not "young" enough to work at this place or retiring until ??? (exactly!!!)... I can't wait for graduation date to follow the "rich dad" studies that keep expanding from books to mentors until I'm ready and not decide, but to be rich. Thank you Robert for all of this invaluable knowledge. by the way YES! BUY THE BOOK!

This is the first Kiyosaki book I have read. I like his writing style and subject matter, but it does seem to repeat itself. I would also say that this takes material from other books, so it is great if you don't want to buy all of his books, but bad if you have already read them. It talks about educating yourself for financial investing in the true sense of investing. He doesn't believe in flipping houses, but buying rental units for the tax advantage and cash flow in good times and bad. Also talks about investing in oil exploration. If you have a couple of million dollars laying around this book might be for you. Or if you are 20-30 years old and want to spend you life in pursuit of seminars and investment opportunities this book might be for you. Otherwise it is a good insight into how the rich and super rich get and stay where they are. Some of his outlooks on life aren't very encouraging either. Like 95% of the dollars value has gone away since we went off the gold standard and the rest will disappear shortly:(

If you’ve read other Robert kiyosaki books , he’s very opinionated , bias and some what repetitive. Nevertheless, he brings perspective , experience and knowledge that has worked for him and made HIM successful . He does bring facts to the table , lots of ideas of how to go about things and I like that he acknowledges that not all investment are for him but if you jump into it be aware for this particular reason . Read till the end because it gets better after the first 2 chapters

I got the answer for the question which I have from childhood. The question is why the Rich become rich, poor become poor and the middle class struggles financially

Repetition can be can be good for learning, but I found it frustrating reading the same stories over and over again. Don’t get me wrong, there are some important gems contained in the book but to be honest they could all be contained within a pamphlet, but no one would pay for that. It’s a difficult balance to claim that one wants to do good by educating the financially uneducated while at the same time using the uneducated to make oneself wealthy.

Wer sich viel mit dem Thema / den Themen rund um's Geld beschäftigt findet zwar Wiederholungen, doch selbst dann ist es eine echte Bereicherung. Kiyosaki geht die Themen sehr direkt an, wobei er selbst gar nicht allzuviel schreibt.Er lässt hier hauptsächlich seine "Rich Dad Advisors" zu Wort kommen. Das hat den Vorteil, dass er wirklich zu jedem Thema einen Profi hat.Insgesamt sehr umfassend und (meistens - bis auf den Teil eines Anwaltes) auch schön und flüssig zu lesen. Bislang gibt es eben nur die englische Version.

Robert Kiyosaki's very readable and down to earth insights, based on decades of experience, bring reality to the chaos in the world of finance today and shows why the rich will get richer while the rest of us pay for it.Financial education is the only thing I can see that might pull the world out of its problems. If this isn't essential reading for everyone I don't know what is!The present chaos is actually good in the long term because finally the truth is coming out. For hundreds of years it has been the rich who provide employment, Goverments have lost the plot and are reduced just to fire fighting and playing with symptoms but without solving the real problems.He has changed my life - how about you?