Rich Dad, Poor Dad I had two dads - a rich one and a poor one. One dad was highly educated and intelligent; he had a Ph.D. and had completed four years of under-graduate work in less than two years. He then went to Stanford University, the University of Chicago, and Northwestern University to do his advanced studies. All on full, financial scholarships. . . .

Rich Dad's Who Took My Money? : Why Some People Retire Rich and Other's Will Have to Work

NEW -> Are you tired of the same old advice of “save money, invest for the long term and diversify?” Do you want to learn how and why professional investors increase the speed of their money, rather than park it? With job security at an all time low, it’s never been more important to take control of your financial life.

Rich Dad said:

Conventional financial wisdom recommends you save money and invest for the long term. In other words, park your money. That was not the advice of Rich Dad. His advice was to increase the velocity of your money... not park your money.

We all know that markets go up and markets go down.

Before the next crash comes along - and takes your money again - find out how you can keep your money moving rather than parked in your broker’s account.

Editorial Reviews

From AudioFile
Having your money work for you instead of working for your money is a good practice. But beware of investment strategies that are easy but don't offer the chance to really learn about investing. Mutual funds, banks, and some brokers often want to lock your money into buy-and-hold schemes or, worse, to trade excessively and churn up fees. In an abridgment that is both concise and far-reaching, the authors describe a step-by-step strategy for not getting snookered. A core lesson for anyone wanting financial control, this is the best ever and most personal example of Rich Dad's financial wisdom, regardless of your current job or how much you have to invest. T.W. © AudioFile 2004, Portland, Maine-- Copyright © AudioFile, Portland, Maine --This text refers to the Audio CD edition.

From Booklist
The eighth book in the Rich Dad series reveals the financial wisdom of the rich, which is neither taught in schools nor discussed in the popular financial press. The authors begin with an example of the Zen master-student relationship that Kiyosaki had with his Rich Dad mentor. Kiyosaki had made the mistake of many inexperienced investors and bought into a mutual fund he knew nothing about; his Rich Dad let him stay with the bad investment for months to learn the lesson of patience. Kiyosaki also learned that the common advice to "invest for the long term, buy, hold and diversify" is not really advice but actually a sales pitch, and it teaches very little about how to become a smart investor. The reason most people continue to choose mutual-fund investing is because it is so easy, and that is also why it is inherently risky. Kiyosaki and his coauthor emphasize investing in asset classes other than equities, such as a business venture, real estate, and paper assets like hedge funds and options. These approaches require more thought, education, and effort than does simply handing one's money over to a financial company and allowing a stranger to control it, but the risks are lower and the potential financial rewards can be much greater. Certain to be in demand at the circulation desk. David Siegfried
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