- ISBN13: 9780446697521
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
The real trick to building personal wealth is learning how to transform ‘bad debt’ into ‘good debt.’ This quick-hitting book explains how-without having to cut up credit cards. This is the eighth book in the phenomenally successful Rich Dad series. This book was originally published as an e-book and now joins the Rich Dad series in trade paperback format…. More >>
Rich Dad’s Guide to Becoming Rich…Without Cutting Up Your Credit Cards
With so many other so called financial experts urging us to cut up our credit cards, what a refreshing change it is to read from a real authority who indicates that you not only don’t have to cut up your credit cards but can actually become wealthier by using them.
I like my credit cards too and I highly recommend this program by Kiyosaki.
Rating: 5 / 5
I downloaded this e-book – could’t wait for the paperbook to come out and found Kiyosaki’s philosophy really interesting. What a refreshing approac to NOT cut up your credit cards. In actual fact, I have been using my credit cards to make me money for 13 years now. Glad to see that someone with credibility has come forth and is setting the record straight. Like cutting up cards is going to help you. That is like saying put al ock on your refridgerator and don’t eat if you want to lose weight.And Amazon–I counted one 5 star review and one 1 star review but this e-book is still rated a 1! Somebody needs a math class!
Rating: 5 / 5
Kiyosaki wrote this book as the eighth installment of his Rich Dad Series. The book serves to constantly remind us that the key to increasing our chances of becoming wealthy requires the willingness to the pay the price. Discussing all the get rich schemes, such as game shows or playing the lottery, Kiyosaki writes, “There are better ways to become rich, with much better odds, but most people are not willing to pay the price” (x). The price to pay is the time and money you spend investing in your financial intelligence.
Kiyosaki recalls a truism once observed by Rich Dad, “The only people who think life should be easy are lazy people” (3). Kiyosaki rejects frugality as the best way toward becoming rich. Instead he recommends paying the price for higher financial intelligence, “…another way to become a millionaire is to improve your financial literacy, your financial intelligence, and be willing to be accountable to yourself, your results, your continuing education, and your personal development in becoming a better human being…that was a price I was willing to pay to become a millionaire” (81). Adopting such a mindset becomes tantamount to swimming against the current. Possessing faith and the fortitude to dedicate your life to accumulating wealth in this manner is crucial to overcome such naysayers as friends and family.
Rich Dad also observed, “One difference between a successful person and an average person is how much criticism they can take…Most people feel safer in the herd of the average” (150). Criticism tests one’s resolve. You must be willing to make mistakes and to learn from them. Kiyosaki writes, “…the price of becoming rich is the willingness to make mistakes, to admit you made a mistake without blaming or justifying, and to learn” (18). A person who has risked little in life has also gained little.
The book states clearly that the path to wealth is not to cut up your credit cards and decrease your means, but to work to increase your financial intelligence so that you can increase your means by acquiring income-generating assets. This strategy holds the greatest potential for accumulating wealth, but it also requires the heaviest investment in yourself.
Rating: 3 / 5
Ever read those other financial books by so called “financial experts” who tell you to cut up your credit cards? Is that nonsense or what?
Hey, why not cut up out credit card statements too? How about cutting up out monthly mortgage statement? How about cutting up allof our bills? Clearly that is not the answer. Neither is cutting up your credit cards.
Kiyosaki discourages going into debt for depreciating items like meals for example. You go out to dinner tonite and three onths later you are still paying for the potatoes and dessert. Not a good strategy.
Kiyosaki does enourage going into debt for appreciating items like real estate (using leverage) stocks (margin) and so on. You use debt to make you wealthy. Most people use debt to artificially improve their lifestyle and it feels good—untill they get the bill!
Clearly, RICH DAD’S GUIDE TO BECOMING RICH WITHOUT CUTTING UP YOUR CREDIT CARDS is a e-book whose time has come and I can’t wait for the paperback version.
I have played the Rich Dad board game too. I don’t feel that it is expensive. Rather, I feel that the mistakes I was making before playing the game was costing me a fortune.
The money that I have invested in the Rich Dad books is already coming back to me in droves. By contrast, I am still waiting to see a return on the money I spent on a normal, convential education that only taught me how to make my employer rich and do other ridiculous things like “cut up my credit cards.”
If you can’t wait for the paperbook (I couldn’t) then I highly recommend this excellent e-book by Kiyosaki. You may not initially agree with what you read, but it will change your life for the better.
Thank you Robert for sharing.
Rating: 5 / 5
This is the second book I’ve read by Robert Kiyosaki. (Rich Dad, Poor Dad was the other book I’ve read). The ideas in the book are so valuable that it amazes me when people saw me read the book they would make comments on how the author is scamming people, making money on false hopes. I asked these people, and there were quite a few, if they read any of the author’s books. Of course the answer was always a ‘no’. I got the book out of the library, in hopes to build ideas. How are you going to learn becoming rich if you blame the rich for several of the world problems? This kind of generalization seems quite popular and creates a stop of the potential growth people have in ever attaining financial education. Am I rich, from reading this book? Not as much as I would like to be; however, the insight I’ve obtained is invaluable and is worth the price of the book. I also recommend: ‘Think and Grow Rich’ by Napolean Hill, ‘The Secret of the Rich’ by Ken Roberts and ‘The 7 most Important Areas of Your Life’ by Dr. Erwin Jay.
Rating: 5 / 5