Average Reviews:
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This book was OK. It was short (less than 100 pages if the blank pages are deleted), simple, and clearly written. I can't in good conscience give it a 4 or 5 star rating because it was just too short to even be called a book. And, I repeat AND, it was a complete rip off of "Rich Dad Poor Dad" (ISBN: 9780446677455). Maybe the diagrams look a little different since Kiyosaki, the author of RDPD, has trademark protected them. But in substance the instant book being reviewed is a "cliffnote" to RDPD.
The action plan found in this book and in RDPD is as follows:
1. During your youth take your education seriously; Do the best you can
2. When you take your first job use your education to get it
3. Make sure you work at a job where you can live way below your financial means
4. Don't waste what you earn; Save some, and invest some
5. Invest enough that you can live off your investments
6. Quit your job when you can afford to do so (the sooner the better)
7. Build an investment empire & enjoy life while you do it
8. Become a philanthropist if you can
Yesterday (1/10/09) I read the following quote by Thomas Friedman in the Op-Ed section of the New York Times Online edition entitled "Tax Cuts for Teachers:"
"You see, even before the current financial crisis, we were already in a deep competitive hole - a long period in which too many people were making money from money, or money from flipping houses or hamburgers, and too few people were making money by making new stuff with hard-earned science, math, biology and engineering skills."
I cite this quotation because it points out that few people are making money by making new stuff. And the real road to wealth and financial security is by doing just that - making new stuff. The 8 step action plan presented herein above will help you get wealthy and financially secure. But it is the making of new stuff that people want and need that will make you truly wealthy. If this book had emphasized this point more and made the 8 points above a sideshow, then I would be raising my rating considerably. But all we've got here was a "cliffnote" to RDPD. 3 stars!
Click Here to see more reviews about: The Flow of Time and Money: How to Create a Full and Prosperous Life
In "The Flow of Time and Money", Dr. Lloyd Watts uses easy-to-understand diagrams to show how time and money flow, and how to make them work for you. You will discover: - How to create Life Assets and Material Assets that increase your productivity and produce Passive Income - How to avoid the "Borrow and Spend" and "Save and Spend" financial traps- The stages leading to financial independence, and what actions to take, depending on where you are on the path - How to stay focused on long-term goals, even in the presence of daily distractions - How to achieve the freedom and wealth you need to make your highest contribution to the world.
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