Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and Middle Class Do Not! Paperback – Jun 1 2000
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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
'RICH DAD, POOR DAD is a starting point for anyone looking to gain control of their financial future' -- USA Today
'Robert Kiyosaki's work in education is powerful, profound, and life changing. I salute his efforts and recommend him highly' -- Anthony Robbins
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Top Customer Reviews
Additionally, he makes clear that there is risk in investing, but the best way to reduce this risk is to increase what he calls your financial intelligence. What he means by this is the knowledge and wisdom about the whatever investment vehicle you are using that you will gain by reading about it, taking advise from experts in the field (seminars, classes) and probably most important doing it making mistakes and learning from those mistakes.
He makes it clear in the book what his rich dad told him: "most people will try these things, not do very well and give up", "the best advise to give the average investor to be more successful is not to be average", "focus less about having the best product or service or idea and instead focus on having the best SELLING . . ."
He also states in several places very valuable pieces of information that gave me insight into how he thinks and works.Read more ›
Robert Kiyosaki and Sharon Lechter have produced another winner right where Rich Dad Poor Dad and Cashflow Quadrant left off. This is must reading for investors who want to make money, not just circulate it.
In general, although Kiyosaki's books are a good place to start looking with regard to becoming indepently wealthy, but may be too simplistic or may lack direction for those ready to proceed to the next stage.
Most recent customer reviews
I am a very average 30-year-old middle-class woman, and financial stuff does NOT come easily to me-- My strengths are in the arts and language subjects; math and sciences are very... Read morePublished 8 months ago by Rockdaddy
I thoroughly enjoy reading Robert's books. I've read about 6 of them so far. The only part of this book I wish there was more of was details and "how-tos". Read morePublished 17 months ago by Alex M.
If you are looking for a book to teach you practical steps about investing then this book is not for you. In my opinion this book is a more elaborated version of rich dad poor dad. Read morePublished 19 months ago by Tahmina
Incredible.... there are always parts of a book novel etc where you may learn a thing or two but this entire experience has been amazing. Don't spend more money than you have to. Read morePublished 22 months ago by Punksual
It tells you how rich investors think, what they buy to make sure their money works for them. You’ll see how to reduce risk of your investments through financial literacy, and how... Read morePublished on Sept. 13 2013 by PERFECT4GIFT
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