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3.05 AVERAGE
3.05 AVERAGE
There were parts that were repetitive in the beginning, once I skimmed past these things got really interesting and the gears :/ my brain started moving. I really caught onto the easy to duplicate part, which is an important part of a business growth to be able to run and grow without me having to run it all. I took a kit of important notes from this book to keep in mind when starting up my business.
informative
fast-paced
A short discourse on the theory behind network marketing, juxtaposed against the author's own business experience. This is not a how-to guide, so if you were expecting that you'd be disappointed. Mr. Kiyosaki will discuss the attitudes and mindsets that are needed for network marketing, how it can help your personal development, and some of the red flags to look for if you choose to join a network marketing company. Another way I would describe it is that it's a love letter to network marketing with heavy references to Kiyosaki's Rich Dad Poor Dad book. Kiyosaki waxing strangely world-peace-philosophical at the end of the book gave me a weird feeling. There's some gems in here on business and wealth that I would write down and walk away with, but I can't see myself recommending this book to many people.
The information in this book is clear and easy to understand, but it is also on par with what you will find in numerous other basic business texts - it's nothing ground-breaking or new.
The concepts of changing your mindset in order to achieve financial freedom are quite valid and are decently well presented in this book. Some of the ideas presented, however, seem to contradict themselves a bit, which I found to be confusing. (ie, don't be at all afraid to take big risks in order to gain financial freedom, but also don't invest in stocks and mutual funds because they are too risky. Stop being an employee/small business owner and move to the right hand quadrant by starting your own big business; join a network marketing company at the entry level and start doing parties from your home AKA buy into a large business that someone else has created.)
I wholeheartedly agree that network marketing companies have huge potential to be large money makers, but I also don't see that being achieved through buying in at such a low level to someone else's well established company. This book has some valid points and is an easy-to-follow, quick read, but it's only one of many approaches to achieving wealth and financial freedom.
The concepts of changing your mindset in order to achieve financial freedom are quite valid and are decently well presented in this book. Some of the ideas presented, however, seem to contradict themselves a bit, which I found to be confusing. (ie, don't be at all afraid to take big risks in order to gain financial freedom, but also don't invest in stocks and mutual funds because they are too risky. Stop being an employee/small business owner and move to the right hand quadrant by starting your own big business; join a network marketing company at the entry level and start doing parties from your home AKA buy into a large business that someone else has created.)
I wholeheartedly agree that network marketing companies have huge potential to be large money makers, but I also don't see that being achieved through buying in at such a low level to someone else's well established company. This book has some valid points and is an easy-to-follow, quick read, but it's only one of many approaches to achieving wealth and financial freedom.
Not a bad read, but not really a great one either.
Apparently the author of this book is a self made millionaire and also a best selling author of several financial advice books. This one talks about the benefits of network marketing.
Some of what he described was new and interesting information for me - he has 4 categories for income streams, and describes how 2 of those income streams (big business and investments) are more secure/will give you a better, bigger income as compared to the other ways of making money (being an employee or self employed).
So far that made sense, but I didn't really learn anything beyond that. He talked about network marketing, which I have some experience with, and pretty much all his "advice" on that front was stuff I already knew. Nothing new or amazing there, and surprisingly little real life, down to earth advice for those who are involved in (or wanting to get involved in) a network marketing business.
If you're anything like me, this book will help you realize (yet again...) that you're never going to become financially free working a 9-5 job or even being self employed. But unfortunately, this book also doesn't show you much of a light at the end of the tunnel, aside from advising network marketing as a good business opportunity. Which I don't disagree with, but if that's not the type of business you enjoy or want to be involved in, then according to this guy you're screwed.
Apparently the author of this book is a self made millionaire and also a best selling author of several financial advice books. This one talks about the benefits of network marketing.
Some of what he described was new and interesting information for me - he has 4 categories for income streams, and describes how 2 of those income streams (big business and investments) are more secure/will give you a better, bigger income as compared to the other ways of making money (being an employee or self employed).
So far that made sense, but I didn't really learn anything beyond that. He talked about network marketing, which I have some experience with, and pretty much all his "advice" on that front was stuff I already knew. Nothing new or amazing there, and surprisingly little real life, down to earth advice for those who are involved in (or wanting to get involved in) a network marketing business.
If you're anything like me, this book will help you realize (yet again...) that you're never going to become financially free working a 9-5 job or even being self employed. But unfortunately, this book also doesn't show you much of a light at the end of the tunnel, aside from advising network marketing as a good business opportunity. Which I don't disagree with, but if that's not the type of business you enjoy or want to be involved in, then according to this guy you're screwed.
The only good thing I can say about this book is that I learned the term rent-seeking. Not because the author uses the term but because I was looking for a word to describe his apparent interest in gaining and hoarding wealth with little to no production or investment in the wider world.
If Goodreads allowed for zero stars, I would have given this book that. What a waste of time. The first act of the book is a rehash of Rich dad Poor dad and the Cashflow quadrant. The second act is about Network marketing, something that the author has not even been a part of in his entire career, and the more I research it, the more it seems like a pyramid scheme. So, beware if someone approaches you and asks you to read this book, they might be trying to lure you into a pyramid scheme.
The writing is lazy, hasty and the concept shared is at best useless for most people.
The writing is lazy, hasty and the concept shared is at best useless for most people.
informative
fast-paced
Purely to learn about the basic concepts of network marketing and business. You don't NEED this book, purely extra.
Whatever Marx was to Soviet Union, Nietzsche was to third Reich, this is that for Pyramid scheme.
DONT READ THIS BOOK
Repetitive content. Very similar to Rich Dad Poor Dad, and Cashflow Quadrant.
Inconsistent narrations. Eg. 'A' is praised at one chapter, and degraded in another.
Many analogies are taken out of context, or wrong examples.
I felt like the book is trying to sell Network marketing very hard, and it is blatantly obvious.
I've created a new shelf in Goodreads to store books of these types, and I named it 'Regret'.
Repetitive content. Very similar to Rich Dad Poor Dad, and Cashflow Quadrant.
Inconsistent narrations. Eg. 'A' is praised at one chapter, and degraded in another.
Many analogies are taken out of context, or wrong examples.
I felt like the book is trying to sell Network marketing very hard, and it is blatantly obvious.
I've created a new shelf in Goodreads to store books of these types, and I named it 'Regret'.