Rich
Dad's Prophecy: Why the Biggest Stock Market Crash in
History Is Still Coming... and How You Can Prepare
Yourself and Profit from It! by Robert
T. Kiyosaki, Sharon L. Lechter
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- Hardcover: 304 pages ;
Dimensions (in inches): 1.08 x 9.26 x 6.04
- Publisher: Warner Books; ;
(October 9, 2002)
- ISBN: 0446530867
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Book
Description
As recent events have proven, when it
comes to retirement, relying solely on a 401K plan is a sure
recipe for disaster.
By
the year 2012-10 years from now-the vast majority of Baby
Boomers will be on the verge of retirement-and they'll be
looking to cash in on their hefty 401K retirement
packages.
The
problem is, according to Kiyosaki and Lechter, that all of
these people who religiously pumped thousands of dollars over
their working years into their 401Ks are going to be crushed
if their mutual funds just haven't performed.
To
avert this financial crisis, Kiyosaki and Lechter provide a
detailed financial plan to help forward-looking people prepare
for the worst and start planning now.
This is a "Gloom and Boom"
book. First the bad news: Between the years of 2007 and
2012-just a few years from now-the vast majority of Baby
Boomers will be on the verge of retirement-and they'll be
looking to cash in on their hefty retirement plans.
Quite frankly, the country is not
prepared to handle this major drain of cash reserves, and
there's every chance that peoples' lifelong savings will
dramatically lose their value.
And now, the good news: Sensing this
financial crisis 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's planning start
NOW.
They go over a variety of
alternative ways of generating wealth through other forms of
investments, including real estate development,
self-employment, and investing in other companies.
Warns Kiyosaki: "I think we've
all learned from this past year that mutual funds are NOT the
answer to accumulating long-term wealth."
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