Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! | Robert T. Kiyosaki, Sharon L. Lechter | Guide to Investing: What the Rich Invest In, That the Poor and Middle Class Do Not!
books:
Rich Dad's Guide t...
Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
Robert T. Kiyosaki
,
Sharon L. Lechter
Time Warner Books
, 2000 - 403 pages
average customer review:
based on 193 reviews
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The
class
="textlinks">rich are different from the rest of us, if for no other reason than U.S. tax and securities laws allow them to
invest
in ways
that
keep us from catching up to them. That's why 90 percent of all corporate shares of stock are owned by 10 percent of the people. Kiyosaki believes it's possible for anyone to move up into that 10 percent, but it takes a different view of
investing
than most people have: it takes a plan to be a successful investor. And a plan is more than simply buying and selling, or collecting "assets" that bring in no cash and are thus more akin to liabilities. The way most people invest, "they might as well be pushing a wheelbarrow in a circle," he writes. A plan is "mechanical, automatic, and boring," a formula for success that has worked historically for most of those who've used it. Kiyosaki's "rich
dad
" (actually, the father of his best friend) tells him the simplest analogy is the game Monopoly: buy four green houses, trade them for one red hotel, and repeat until you become rich. The overall message of Rich Dad's
Guide
to Investing is that this is an abundant world, full of opportunity for the sophisticated investor. However, it sometimes takes a while to find this point. Much of the book is told in dialogues between young Kiyosaki and his rich dad, and these conversations can ramble. There are rewards for the careful reader--for example, in the
middle
of a section on the basic rules of investing, Kiyosaki's rich dad compares investor education to toilet training: difficult at first but eventually automatic. But getting to these inspired metaphors means wading through a lot of repetitive dialogue. It's a bit ironic that someone who advocates investor discipline should show so little as a writer. But by the end of the book, even the rambling starts to make sense. By the hundredth time you read that the rich don't work for money, and that you don't need money to make money, both concepts start to make sense. It still looks difficult to apply these ideas, but Rich Dad's Guide to Investing certainly makes the case that they'll work for anyone bold and smart enough to practice them. --Lou Schuler
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Excellent Book
Must read if you are interested in
invest
ing in any area. Stocks, RE, Futures,
class
="textlinks">whatever. Very informative in the normal
Rich
Dad
way. I think this is third in the series and one of the most important!
Guide to Investing: What the Rich Invest In, That the Poor and Middle Class Do Not!
Excellent book for starters on the way to financial freedom or people who would prefer to be inspired by common sense approach intellect
class
="textlinks">that provides a base to slingshot their financial freedom and start getting out of the rat race
Kiyosaki oppened my eyes
class
="textlinks">Rich
Dad
's
Guide
to
Invest
ing:
What
the Rich Invest in,
That
the
Poor
and the
Middle
Class Do
Not
!
Robert Kiyosaki has openned my eyes: after being 15 year working for several companies as Corporate Treasurer, Senior Operations Controller and responsible for starting-up several buisness units for my employer, I finally was inspired by Kiyosaki's Guide to
investing
and how you can create your own money, creating assets without buying them, going through a transformation process "trash to cash".
I look at Financial Statements from a different perspective, not as a means of informing someone else of the company's performance, but as someone who would be an inside investor.
This book is really great!!
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Pretty good, not great.
It continues on some of the topics from his first book(
class
="textlinks">Rich
Dad
Poor
Dad- a five star book) but kind of leaves you feeling inspired but needing more information. The ratios given in the book are a few of the many
that
are taught to finance students but in using them care needs to be taken. Companies have manipulated the financial statements used in these formulas before to get the wanted outcome. Its a good book but feels drawn out, like it could have been condensed a bit. I would buy again for the price its going for.
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