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Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and Middle Class Do Not!
 
 

Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and Middle Class Do Not! [Paperback]

Robert T. Kiyosaki , Sharon L. Lechter
3.6 out of 5 stars  See all reviews (146 customer reviews)

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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

Review

'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

Inside This Book (Learn More)
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In 1973, I returned home from my tour of Vietnam. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Back Cover
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Customer Reviews

146 Reviews
5 star:
 (60)
4 star:
 (26)
3 star:
 (22)
2 star:
 (12)
1 star:
 (26)
 
 
 
 
 
Average Customer Review
3.6 out of 5 stars (146 customer reviews)
 
 
 
 
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8 of 8 people found the following review helpful
2.0 out of 5 stars repetitive, Aug 13 2003
By A Customer
This review is from: Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and Middle Class Do Not! (Paperback)
while i find kiyosaki's (RK) earlier 2 books (rich dad/poor dad and CF quadrant) very motivating and helpful in changing my mindset, i am finding his message repetitive. there is nothing substantially new in this book. pleasant fun inspiring reading, but bottom line: vague generalities, nothing that can specifically be used, other the motivational stuff. it's kind of like crack, it's a hard habit to get off reading his stuff, but, in the end, i think his advice is awfully dangerous stuff. i became rather skeptical of what he was writing when he started strongly pushing multilevel marketing (MLM) towards the end of CFQ, truly slimy stuff that MLM. looking into this guy's story some more, i'm learning that this guy's book only started taking off when Amway started pushing it, thus he feels he owes them something. then there's all this stuff about the rich dad being a fake. people who have looked into the story can't figure out who he is. he has said rich dad died, then changed his story that he is still alive and in hiding. people in hawaii have tried to figure out who rich dad is, but basically it seems that either the guy is a figment of RK's imagination, or the accomplishments of "rich dad" have been widely overstated. RK also tried to pass it off that rich dad was a "composite" of several people he knew. after that, i lost all respect for this guy, he's really just another Carleton Sheets. people who have tried to research RK's real estate dealings (all supposed to be on the public record) state that his records can't be found, and RK's answers to specific seem to be extremely evasive. his statements in his books about his real estate deals seem to be very exaggerated, possibly completely fictional. this guy is a quack, his books are how he makes his money now. that said, believe it or not, i would STILL recommend the first book in his series(RD/PD) for the general financially uneducated public (like me), because it is STILL a good book, from the point of inspiration. of course, i didn't know he was such a quack at the time. anyway, i'll never buy any more of this guy's products, he's stolen enough money from me. i regret buying this last book.
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5 of 5 people found the following review helpful
1.0 out of 5 stars Ugghhh..., July 9 2003
By A Customer
This review is from: Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and Middle Class Do Not! (Paperback)
This book was recommended by a teacher, but am now questioning their logic and obvious lack of research ( something I always like do). Not only have I come to a conclusion about what another investor "quack" this guy is..but even more suprised a person like Oprah should know better and check the background and facts of their guests before letting frauds on her show..a ratings ploy for sure. Real shocker. C'mon O, your better than that!

This book was popularized not by merit, but by Amway (MLM company) and it's marketing "shout it to the world" ploy.

I have no need for this stuff, and I'm sure some people are going to get hypnotized by the wishful thinking, vague ideas and let downs of education. That in itself is very dangerous. The author should of been happy to have a great dad like his own, instead of knocking him down. Shame on him!

It's too bad you can't give a book -5 stars, b/c misleading people and buying into this hype is dishonest and impractical, and geez, investing in overpriced products is a sure fire way to start investing!

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2 of 2 people found the following review helpful
5.0 out of 5 stars I am now a successful investor! Thank you Robert and Sharon!, Jun 20 2004
By A Customer
This review is from: Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and Middle Class Do Not! (Paperback)
I have read many books on investing and picked the ears of mnay successful investors as well as so called experts. But aside from Peter Lynch's excellent books, I have never found so much powerful information as I did in Rich Dad's Guide to Investing.

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.

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