Rich Dad's Guide to Investing is a guide to understanding the real earning power of money by learning some of the investing secrets of the wealthy.
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
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.
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 ›
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!
"We can all have three types of financial plans; one is to be secure, one to be comfortable, and one is to... Read more