About the Project
The Right Book. The Right Time. The Right Price.
Robert Kiyosaki, author of the #1 bestselling personal finance book of all time, Rich Dad Poor Dad is taking a new approach with his next book. He’s releasing the book, Conspiracy of the Rich: The 8 New Rules of Money, online — for free. And he’s inviting readers to participate in the writing process.
Conspiracy of the Rich: The 8 New Rules of Money, will be an interactive project in which Kiyosaki will not only offer his written ‘draft’ chapters online, but invite feedback, commentary and questions from readers across the globe via website forums and blogs. Reader feedback will then be incorporated into the book as it is written and released, chapter by chapter, on the Internet. This bold and unique approach will enable the millions of people around the world who have put the Rich Dad principles to work in their lives — as well as those who are challenged by today’s harrowing economic times — to engage directly with Kiyosaki and literally help him shape his new book as it is being written.
“We are living in tumultuous, unsettling and frightening economic times,” said Rick Wolff, Vice President and Executive Editor for Hachette Book Group, publisher of Rich Dad Poor Dad and the 26 books in the Rich Dad series, “and Robert believes that people today, perhaps more than ever before, are hungry for information and financial education. The fact that he is committed to writing and distributing a new book to the world for free is amazing to us, and indicative of his genuine concern for the challenging economic times in which we live. Today, more than ever, the world needs a voice they can trust and someone they can rely on to deliver the cold, hard facts about what is really happening in the world.”
“This is the right book, at the right time, at the right price,” says Kiyosaki, in reference to the free and universal access to this book. “This is not the time for traditional answers. The time for this book is now — and the Web will let us do that.”
In Robert's Words
When I am interviewed for this book, I am often asked the question, “How did I get the idea to do this book?”
Since I was asked so often, I thought I would share it with you. This book began in September 2008. I got the idea for the book as I was in the hospital recovering from open-heart surgery repairing a problem I have had since birth, two leaking valves. The birth defect almost kept me out of military school and flight school, but luckily, the problem was not severe enough to eliminate me from the academy or flying. The problem grew worse over the years and I finally agreed to have the valves repaired, but not replaced. Fortunately, my arteries are clear so the operation was limited to just the heart. Read More
About the Book
Conspiracy of the Rich: The 8 New Rules of Money will share Kiyosaki's view of global economics and explore why people are now finding themselves challenged by these turbulent times. Kiyosaki will not only provide people with solutions to their financial problems, but explain what created today’s economic chaos — and how it can be eased. Conspiracy of the Rich: The 8 New Rules of Money will reveal that what appears to be the worst of times is actually an opportunity in the making, and a chance for people to invest in their financial education.
Read an excerpt from the book:
Back to the Future
Faced with such an overwhelmingly bad economy, President Bush pushed through a landmark bailout plan aimed at saving the economy, saying, “This legislation will safeguard and stabilize America’s financial system and put in place permanent reforms so these problems will never happen again.”
Many people breathed a sigh of relief, thinking, “Finally, the government is going to save us!” The problem is those are not the words of President George W. Bush. Those are the words of his father, George H.W. Bush. In 1989, the first President Bush asked for $66 billion to save the Savings and Loan (S&L) Industry. The $66 billion did not solve the problem. The S&L industry disappeared from sight. On top of that, the estimated $66 billion rescue package eventually cost taxpayers over $150 billion – over twice the amount originally estimated. Where did all that money go?
Like Father Like Son
Twenty years later in September 2008, President W. Bush asked for $700 billion making a similar promise, “We’ll make sure, as time goes on, this doesn’t happen again. In the mean time, we got to solve the problem. And that’s why people sent me to Washington, D.C.”
Just as with the first President Bush, the estimated bailout cost was severely undervalued. By November 2008, the total bailout pledge through various Treasury programs was up to $7 trillion and today is expected to go higher. Where is all this money coming from, where is it going…and to whom?