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

Robert T. Kiyosaki, Sharon L. Lechter

Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! - image
Rating: 3.5/5 Stars
Rank: 603
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

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About the Author

"Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates.

Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich.

Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-oauthor of RICH DAD, POOR DAD and THE CASHFLOW QUADRANT, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education."

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Editorials

Sample 3 of 4

Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
Robert T. Kiyosaki, Sharon L. Lechter
 From AudioFile
Rich people have a different mindset about money and don't just invest passively in the stock market. They certainly don't work for other people. They control their money more intensely by starting businesses and buying real... read full editorial
 Book Description
"The rich get richer. The poor get poorer. We've all heard that complaint many times before. But finally, that long-standing monetary tradition has been shattered, as Kiyosaki explains how even the smallest investor... read full editorial
 Download Description
'Rich Dad's Guide to Investing' follows the New York Times bestsellers 'Rich Dad, Poor Dad' and 'Rich Dad's CASHFLOW Quadrant'. Most of us know that the best investments never make it to market. This book discusses... read full editorial



Customer Reviews

Sample 3 of 56

Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
Robert T. Kiyosaki, Sharon L. Lechter
 Packed with a lot of information, but mostly for starters
(Orlando, FL) March 6, 2002 - 4.0/5 stars
This book, the third in the Rich Dad series by Robert T. Kiyosaki is so packed with information (it has over 400 pages) that it can end up loosing the reader. But if you stick with it and learn to deal with what's become... read full review
 No answers but a very useful "guide"
(East Lansing, MI) April 30, 2005 - 4.0/5 stars
Having no prior knowledge about investing, I would now consider myself more savvy in the investing world. Kiyosaki's Guide to investing was very easy to read, understand, and comprehend. Much of the text is... read full review
 You Can't Judge a Book by its Cover
(Houston, Texas United States) November 29, 2004 - 2.0/5 stars
This book is the third and worst book in the Rich Dad trilogy, and if you believe the title, it will hand you to the secrets of investing. It won't. This book opens up by taunting you with how the rich get to invest... read full review



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