Rich Dads Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
The 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. Thats why 90 percent of all corporate shares of stock are owned by 10 percent of the people. Kiyosaki believes its 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 whove used it. Kiyosakis "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 Dads 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, Kiyosakis 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. Its 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 dont work for money, and that you dont need money to make money, both concepts start to make sense. It still looks difficult to apply these ideas, but Rich Dads Guide to Investing certainly makes the case that theyll work for anyone bold and smart enough to practice them. --Lou Schuler
Review for
Rich Dads Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
A must for those who want to be Financially Independent (
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50 /50 )
This book continues from where Kiyosaki left off in Cashflow Quadrant, his 2nd book in the trilogy (now complete with Rich Dads Guide to Investing).
In his 1st book Rich Dad Poor Dad, Kiyosaki addressed the differences in mindsets between the Rich and the Poor. Then, in his 2nd book Cashflow Quadr
Powerfully impacted my investment results (
User Rating :
50 /50 )
Prior to reading (...and applyiny) the advice in Rich Dads Guide to Investing I was like a gerbel in a cage going nowhere with my investing. I was loosing money, not making money and my broker wasnt making me feel any better by reminding me that all of his clients were loosing money, everybody is lo
RDGTI is the Ultimate Investors Guide (
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50 /50 )
This book is about the 90/10 investor difference. As Kiwosaki explains [quoting Rich Dad] "If you want to be rich, just find out what everyone else is doing and do the exact opposite"RDGTI explains the differences between the 10% of investors who make 90% of the money and the 90% who make only 10% o
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