Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! [Abridged, Audiobook] [Audio CD]

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
Copyright © American Library Association. All rights reserved --This text refers to the Paperback edition.

"More than a how-to audio, this program lays out the life and money decisions all individuals make, consciously or not....Watch out if you have any ambition because these possibilities could change your life direction."

Reveals how to actually speed up and maximize the return on investments to achieve total financial independence.

Robert T. Kiyosaki is a tireless promoter who continues to get his words of financial advice out to mainstream consumers through his bestselling books, board game, electronic game, and national seminars. Sharon L. Lechter is a wife, the mother of three, a C.P.A., consultant to the toy and publishing industries, and a business owner.

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