Second Chance

Second Chance

For your Money, your Life and Our World

Book - 2015
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Shows readers how to understand the past so that they can shape their financial future and use the Information Age tools and insights to their financial advantage and create a fresh start.
Publisher: Scottsdale, AZ : Plata Publishing, 2015
Edition: First edition
ISBN: 9781612680460
Branch Call Number: 332.024 K6589S 2015
Characteristics: xiii, 352 pages : illustrations ; 23 cm


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Aug 26, 2016

Not Kiyosaki's most inspired volume. Choosing to become a gold bullion licking Doomer as his chosen path is certainly an option, but then again, gold and silver don't generate rent, dividends, or interest, and as a 'storage' of wealth, have performed amazingly badly over the last 10 years. Buying rental real estate is also an option, but in Canada, rental income is 100% taxable as income (as well as sub 3% CAP rates and having to deal with all those pesky tenants), where as Canadian Dividends in certain corporations give you a Canadian Dividend tax credit. Another option would be a REIT (Real Estate Income Trust), many of which pay north of an 8% pre-tax yield. The conspiracy theories and constant beating of the drum about the end of days resulting from going off the gold standard in 1973 has worn a bit tedious over his last several books, however, there are still a few gems about cash flow management and basic financial planning of asset purchases that still hold up.

Apr 20, 2016

I'd say cashflow is the most important thing here. Without that, your hands are tied. Creating it and keeping it going is another story.

Mar 11, 2015

Rich Dad, Poor Dad changed the way I think about wealth and has improved my life. Robert's message continues to expand on the original book and open my eyes further in 2015. I've found a way to avoid the fractional reserve Robert blames for many of the problems today. Let me know if you want to know more. 844-696-2265 Best of success and happiness in all you pursue!


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