Second Chance

Second Chance

For your Money, your Life and Our World

Book - 2014
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Few would argue with the fact that, on many fronts, we are a world in crisis. And there are two sides to every crisis, be it a leadership crisis, an economic crisis, an education crisis or a moral crisis. The two side to crisis are danger and opportunity. Robert Kiyosaki's new book, Second Chance...for Your Money and Your Life, uses the lessons from the past and a brutal assessment of the present to prepare readers to see----and seize----the future. If readers can train their minds to see what their eyes cannot, in a world that is becoming increasingly more 'invisible' and moving at a high rate of speed, they can have a second chance at creating the life they've always wanted. The global problems we face cannot be solved by the same minds and people who created them and today's world demands the ability to see the future and prepare for what lies ahead...prepare for the opportunities as well as the challenges. Like it or not, we are all involved in the greatest evolutionary event in human history. The Industrial Age is over and the Information Age continues to accelerate. The visible agents of change have become invisible...and harder to see. And the future belongs to those who can train their minds, use the past to see the future, and take the steps to create the positive change they want to see in their lives. Second Chance is a guide to understanding how the past will shape the future and how you can use Information Age tools and insights to create a fresh start. This book is a guide to facing head-on the dangers of the crises around us--and steps and tips for seizing the opportunities they present.
Publisher: Scottsdale, Arizona, Plata Publishing, LLC,, 2014.
Edition: First edition.
Copyright Date: ©2014
ISBN: 9781612680460
1612680461
Characteristics: xiii, 425 pages : illustrations ; 23 cm.

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HandyFellow
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.

k
KatherineHere
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.

b
bellinghamdude
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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