Rich Dad's Retire Young, Retire Rich: How to Get Rich Quickly and Stay Rich Forever!

By Robert T. Kiyosaki, Sharon L. Lechter

6,866 ratings - 4.07* vote

Imagine being able to make so much money at an early age that you could decide when to retire, knowing full well that you have enough money stashed away to ensure a life not burdened by financial restraints. In this book, financial guru Robert Kiyosaki provides practical insight on how to put together a financial plan which promises not only to make you prosperous but to a Imagine being able to make so much money at an early age that you could decide when to retire, knowing full well that you

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Book details

Paperback, 383 pages
2002 by Time Warner

(first published 2001)

Original Title
Rich Dad's Retire Young, Retire Rich
075153420X (ISBN13: 9780751534207)
Edition Language

Community Reviews

Chad Warner

I thought Kiyosaki had some good ideas in Rich Dad Poor Dad, so when this book's title caught my eye, I thought it'd be worth a read. It definitely was! Kiyosaki admits that he's not the best writer, and I agree, but he has a compelling way of teaching important business and financial lessons through stories about his past.

He shamelessly plugs his books, board games, and website, but it works; he sells tons of them, and I put several more of his books on my to-read list.

The book's main point is that you can't get ahead by simply working harder or working more hours. You need to use various forms of leverage. As Kiyosaki puts it, "Leverage is the ability to do more and more with less and less." Keep adding leverage, he promises, and you'll earn more and more by doing less and less work.

I really liked Kiyosaki's explanation of income as earned, portfolio, or passive income, and how to use portfolio and passive income to minimize taxes and maximize what you keep.

Although Kiyosaki made his wealth mostly in real estate, his lessons apply to any area of business.

Money doesn't make you happy, but it buys you the time to do what you love and pay others do do what you hate.

Use debt (other people's money), not equity (your own money).
Invest for cash flow, not capital appreciation. Cash flow gives you money now, but capital appreciation may never occur.
The most important word in money is "cash flow". The second most important is "leverage".
Good debt puts money in your pocket every month. Bad debt takes money out of your pocket every month.
Buy assets, not liabilities.

Supplement old financial tools like mutual funds with faster, safer, more information-rich tools.
The rich use financial leverage, while the poor use physical leverage (hard work).

Forms of leverage
- debt
- other people's money
- other people's time
- health
- time - to find opportunities
- education
- relationships - business and personal. It's who you know, not what you know.
- tools
- spare time - do something worthwhile instead of meaningless leisure

3 kinds of education
1. academic
2. professional
3. financial
The poor stop at academic or professional. The rich move up to financial.

A winning strategy must include losing. If you expect to win 100% of the time, you'll never take the chances you need to succeed.
Think in terms of risk and reward, not right or wrong, risky or safe.
Instead of asking for more money for doing less work, do more for more people.

3 types of income
Earned (50% money)
- paycheck from job
- government takes 50%
- 401(k) fits here because withdrawals are taxed
Portfolio (20% money)
- paper assets (stocks, bonds, mutual funds)
- government takes 15-20% of capital gains
Passive (0% money)
- real estate, royalties, intellectual property
- tax-deferred
- government takes as little as 0% for tax-free munis, depreciation from property improvements, and deferred capital gains on real estate that are rolled into charitable remainder trusts

Business owners can buy many things with pre-tax dollars, but employees use after-tax dollars.
Employee order: earn, pay taxes, spend remainder
Business owner order: earn, spend, pay taxes on remainder

To get rich quickly, be open to new ideas, and "take on possibilities greater than your current abilities. Have a reality that can change, expand, and grow quickly."
Expand your context/reality/mind rather than increasing your content/information.
Your future is determined by what you do today, not tomorrow, regardless of your dreams.
"Stop doing today what you don't want to do in the future. Do today what you want for your tomorrows."

Use faster words
- cash flow from assets instead of a high-paying job
- make money instead of save money
- depreciation (asset gives immediate cash flow even though it may lose its value over time) instead of appreciation (waiting for asset to increase in value before you profit) (make profit when you buy, not sell)
- invest in private companies instead of public companies
- go to seminars instead of school

The value of your labor increases incrementally. The value of assets increases exponentially.
Leverage the power of networks. Network with organizations rather than competing against them, especially those larger than you.

Leverage generosity
The Law of Reciprocity: give and you shall receive
serve more and more people
be generous with your money; give to charities

Everyone has financial problems, whether rich or poor. How you handle your problems determines if you'll become rich or poor.
Good expenses make you richer. "Your greatest expense in life is the money you do not make".

Don't park all your money in savings and mutual funds. Don't "buy, hold, and pray"; use the velocity of money to keep it moving and working for you. Create or acquire assets tax-efficiently.
Decrease the risk of investing in paper assets with stops, calls, puts, and shorts. You'll make money whether the market goes up, down, or sideways.
Don't keep all your money in paper assets. Even a diversified portfolio of paper assets isn't diversified enough.

paper assets
real estate


I am embarrassed that I fell for this scam of a book.

As an avid reader, I forgot my own rule of buying a book before falling for this POS:

1. First check the NEGATIVE reviews on both Goodreads (preferred) and Amazon (only for reference)
2. Then read the positive reviews

After this if I am still inclined to reading it, I buy the book. Because at least I had been warned and I made the choice MYSELF.

Now onto the book. It is full of 368 pages of repeated empty words. Empty words repeated 1000 times are still as void a blackhole. The latter at least has value in science.

So why did I fall for it? I have an "excuse". An entrepreneur by the name of Mitchell Harper is someone whose articles about startups I enjoy reading and take heed of. He listed this book in his book list:

Harper's main argument for the book basically comes down to one word, leverage. (Read his other posts and you'll realize he is fond of leverage. Who isn't.)

But the book does NOT tell you anything applicable about how to use leverage. Kiyosaki throws 21 chapters of baloney at you that delude you into believing you can apply it. Once you get down to actually THINKING about HOW you would apply it in your own life, you realize you only learned one thing: use leverage.

There, I just saved you $11.99 (for Kindle version) with these 2 words.

Let me also bring to your attention to the fact that there are a lot of controversies surrounding Robert Kiyosaki. Google his name and his books. Let's just say that if you avoid MLM, you would avoid this guy and his books.

Lastly, you don't have to believe me. But if you waste time reading or even buying it and then realize it was a big mistake, you have no one else to blame but yourself.

I made a mistake that is my own. Don't follow me.

elene monroe

is the best book in the world, it's good

Stephanie Tan

First let me start off by saying what I like about the Rich Dad series of books:
I like that this book has been as popular as it has been. I think it has inspired a lot of people to learn about personal finance and how to build wealth. This is a very good thing.

I would caution people, because a lot of the advice given in these books can be dangerous. The problem is these books don't actually give any solid advice on anything covered in these books. These authors sound repetitive and vague in each and every book. They repeat short one liners about how to build wealth, mention that anyone who wants to get serious talk to a finance adviser, and vaguely talk about how the authors got rich.

If you are just starting out on reading personal finance and investing book and need an easy read, this may be for you. If you have already gone through a few books and want real information, I would skip these books over.


I think this is the fourth book in the Rich Dad's series. This book is about leverage and the second book, Cash flow Quadrant, is about cash flow aspect, while his third book is about investing. This book is about the ultimate investor tool which is leverage. I learned about the importance of the leverage of one's words. What one says might become true. "Your words are flesh."

A must read book for anyone who wants to find the ultimate reason to retire young and retire rich and to rediscover your true self.


The book contains a lot of useful information related to way of thinking that you need to follow if you want to retire young and rich. It also has some info for books, audio cds that you should read/listen on a way to becoming rich. I was very excited and I read the book just for few days.

Tony Rogers Jr.

Overly long (330 pages) and repetitious at times but definitely one of my favorite books in the RichDad series. This book gets down to the nitty gritty of what it really takes to retire early and retire financially free (or rich if you would like). Its 21 chapters are broken down into 4 major sections:

1. The Leverage of your Mind
This section covers the unique shifts in mindset you need to retire early

2. The Leverage of your Plan
This section covers the importance of having a sound plan and tips on creating one

3. The Leverage of your Actions
This section covers the actions you must take to retire early

4. The Leverage of your first step
This section is a summary of the book along with practical tips on getting started

I took tons of notes and had many ah hah moments throughout the book but my favorite chapter came from Section 2 Chapter 13 The Leverage of Generosity. In this chapter Robert explains with great clarity why the rich are more generous than the poor (you must read it to truly understand the context of this statement) and how the key to great wealth is simply being more generous. I truly appreciated this chapter as it is definitely a game changer for me. This is another classic work added to the RichDad series I highly recommend it.

Tony Rogers Jr Author of Visionary: Making a difference in a world that needs YOU

Adrian Stratulat

The books from the Rich Dad series are something that everyone should read. Some said that Kiyosaki is too metaphorical in his financial advice, and you don't actually learn anything. That is because those people were not prepared to understand the message which was sent:

The most important asset in determining one's financial future it's one's mentality.

Our subjective reality is what separates success from failure. Everything else, from what to invest in, or how to develop financial IQ, are just technical steps.

And when you can understand this, maybe you can follow on Kiyosaki's footsteps. After all, he is not just a guy that writes about success. He is financially successful; he has a personal wealth of over $ 80 milion. Maybe he can teach you a thing or two, eh?

Erik Dols

How on earth did this get over four stars? This is terrible, a scam, says nothing of use and is a horrible, horrible way of getting money from gullible people. Ridiculous. I cannot believe people actually read this and gave five stars, those must be fake accounts from the writer/distributor. I bought it while waiting on an airport and had little hopes to start with but it was way worse than I expected. I hope the writer gets an uncomfortable itch the rest of his life.


Of all the RICH DAD books this is my most favorite.
Why? Simply because we've got someone who can walk the talk, telling us that most of the resistance we experience in making money is our own limitations.

It didn't make sense when I was working a day job. Sounded like a bunch of huey, really, but, once I started down the entrepreneurial path, that all changed.

I'm in total agreement. Most of the limitations Americans experience with wealth is all in their heads.

That said, for those willing to take a deep look in themselves and who are willing to grow, this is one of the best books on the matter.

Highlights included:

(1) The most expensive advice is free advice b/c the wrong advice can destroy you. How many times do we take advice from next door neighbors about stocks when they know nothing, or, almost nothing? What does this have to do with mental limitations. Plenty. The people we associate with or want to believe can hold us back if their advice isn't accurate. I wouldn't take advice from journalists on TV, who make less than 100k yet give advice on the stock market daily, would you? Well, lots of people do listen to them.;

(2) The power of expanding one's reality. How many things do we feel are not true yet are? Wasn't their a time when we believed man could not fly and now we can fly?;

(3) Why do most of us not have a financial plan? Why do we rely on the govt to take care of us? Why do we choose to not have a long term plan?;

(4) Why the language we use restricts us even if we choose to believe it. If we say CANNOT or SOMEDAY how does that make us feel? How does it not serve us?;

(5) Setbacks and how they help us. Most people give up when they're really close.;

(6) How to create a winning team to assist you;

(7) The velocity of money application; and

(8) all types of leverage to achieve our financial goals.

Highly advised reading.

NOTE: I think RK sometimes makes things sound easy. While some of the concepts are simple, nothing is easy. I did pre-foreclosures for a couple of years and that was tough work. I made enough money to sit back and reflect and now I'm doing something I want to do: write a novel. I don't plan to return to real estate but I do appreciate the many financial lessons. 12/20/05.