Packed with a lot of information, but mostly for starters (Orlando, FL) March ... Money-Employment-Careers Best Sellers
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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
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 the norm in his books (that is an essential lack of editing) you will be able to take with you a wealth of knowledge that will put you on the road to become the ultimate investor.

Out of the Rich Dad books this is the best one.

As the book is so broad in scope, I will only line out here some concepts which I hope will engage the casual reader (yes, you!) to grab a copy of this book:
* To become a sophisticated investor, one must know the three E's: Education, Experience and Excessive cash.

He makes a lot of emphasis all through the book on this. And the point about Education he emphasizes the most.

In fact, when you realize how many times he repeats some concepts, you come to the conclusion that the author is on a true crusade to educate people, and by repeating things over and over (I don't only mean in this book, but actually all through the three books) he's trying to accomplish what most teachers try to do: to help you internalize these ideas.
* Investing is a Plan, not a Product or Procedure: it is often a dull, boring, and almost mechanical process of getting rich... following a recipe.

The problem is that some people find such dull approaches... well, dull!
* Types of investors: (1) the accredited investor (a person who earns significantly more money than the average person yet does not necessarily know anything about investing); (2) the qualified investor(a person who has money as well as some knowledge about investing, a person who learns that "If you want to be a savvy investor you need to know how to exit an investment as well as how to get into the investment..."); (3) the sophisticated investor (also familiar with Tax Law, Corporate Law and Securities Law, and able to use the advantages of E-T-C: Entity -choice of business structure-, Timing -not only how much you pay in taxes, but when to pay them-, and Character -of income: earned, passive or portfolio; (4) the inside investor (someone who is on the inside of the investment and has some degree of management control); and (5) the ultimate investor, a Bill Gates or a Warren Buffet (someone who creates an asset that becomes so valuable that the asset is worh literally billions of dollars to millions of people).
* If you can learn to build a successful B (business owner) quadrant business, your business will generate excessive cash.

Then you can use the skills you learned to analyze investments an an I (Investor). Ultimately Koyasaki goes into a lot of detail in terms of what he calls the B-I triangle, which essentially is a framework for creating a business: the three sides are the Mission, the Team and the Leadership.

The inside is composed of Cash Flow Management, Communications Management, Systems Management, Legal Management and Product Management. There is an entire chapter devoted to each of these, so this book could also be called "Guide to Creating a Business."

The book will prove to be a valuable source of information if you are not familiarized with concepts such as tax benefits that can be obtained from running a business, basics of investing, and different types of business structures (although this is not the main focus of the book).

If you are not a rookie in areas such as this, you'll probably be wasting your time with it.

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Customer Review: 23 of 56



Customer Reviews


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

Customer Review 22 - 24 of 56
22.I'm getting rich reading Kiwosaki's books (so can you!)
(Marion, NC) April 4, 2004 - 5.0/5 stars
I love these reviewers who write junk like "Kiyosaki is getting rich writing books." NO KIDDING! His books sell. So what if he is cashing in on helping other people.School teachers make a living by teaching. Colleges make... read full review
Current Review
23.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
24.The Rich Really Are Different
(Hartford, CT) April 14, 2004 - 4.0/5 stars
Poor and middle class people seek to build their income, while the rich seek to build their assets, which generate income. That's the key difference between rich and poor according to Robert Kiyosaki's Guide to Investing... read full review




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





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