Rich Dad's Guide to Investing
Become the ultimate investor. End those fears that keep you up at
night regarding the financial choices you make.
If you’re like most, you don’t understand the world of investing very
well and, as a result, you let others manage your financial future. Take
charge with Rich Dad’s Guide to Investing, an insider’s look at investments
and how the rich find the best ones.
By reading Rich Dad’s basic rules of investing, you can reduce your investment
risk and convert your earned income into passive and portfolio income. That
means you keep more of your income … not the government.
Rich Dad’s Guide to Investing is just that – a guide. It offers no guarantees,
just as Robert Kiyosaki’s rich dad offered him no guarantees … only guidance.
But if you’re interested in the inside look at an entrepreneur’s financial
plan to be rich, this is the book for you.
Editorial Reviews
From Amazon.com
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. 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
From AudioFile
Rich people have a different mindset about money and don't just invest passively
in the stock market. They certainly don't work for other people. They control
their money more intensely by starting businesses and buying real estate,
and then managing their assets with tried-and-true business principles.
More than a how-to audio, this program lays out the life and money decisions
all individuals make, consciously or not, and provides just enough supporting
details to make the issues crystal clear and provocative. Watch out if you
have any ambition because these possibilities could change your life direction.
T.W. © AudioFile 2001, Portland, Maine--
Copyright © AudioFile, Portland,
Maine --This text refers to the
Audio Cassette edition.
USA Today
'RICH DAD, POOR DAD is a starting point for anyone looking to gain control
of their financial future'
Anthony Robbins
'Robert Kiyosaki's work in education is powerful, profound, and life changing.
I salute his efforts and recommend him highly'
Book Description
With 16 priceless lessons that reduce risk through proper planning, this
powerhouse guide removes the mystique from successful investing by helping
readers switch from thinking poor to thinking rich.
About the Author
A 4th-generation Japanese American, Kiyosaki was educated in New York before
joining the U.S. Marines and serving in Vietnam as a helicopter gunship
pilot. In 1977 he founded a company producing Nylon and Velcro 'Surfer'
wallets which became a multi-million dollar business.
