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Book - Customer Review:23
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
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.
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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