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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
Invaluable if you need to change your Investor Mindset
(Mount Vernon, NY United States) August 9, 2002 - 5.0/5 stars

I have a read a number of the negative reviews and I think I understand their criticism, so I wanted to give my perspective and why this book is so important to me. What Kyosaki brings front and center in this book is the fact that the way an investor looks at a business (he creates) is as a vehicle to generate income using OTHER people's assets.

The CEOs of the last three startups I worked for pitched ideas to OTHER investors and VCs which then gave them MONEY to start the business.

They took some of that money as a salary, some as dividends and used this money to invest in. The power in this is that they didn't work really hard for someone else, save their money and invest, they took other investor's (and some of their own) money hired other people to work for them and invested the dividends and salary.

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.

He stated how he became rich by learning about owning corporations and LLCs and LLPs and used them to invest in real estate.

He gave a due diligence list that he uses to evaluate apartment buildings. He even confesses at his 30% success rate in investing in different investment vehicles.

The most important thing I learned from playing CF 101 was that you have to play the game to be rich.

I have become rich in the game and gone bankrupt sometimes, but I would not have any chance at financial freedom if I did not play at all.

So I would recommend you use this book as a guide and not a hand book.

It will help to give you some of the emotional intelligence to deal with the pressure and risk involved with investing.

But if you don't start or you give up you will never be rich.

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Customer Review: 10 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 9 - 11 of 56
9.Real Diversification
(Frankfort, KY United States) October 7, 2002 - 5.0/5 stars
The rich become richer because their investment styles differ markedly from the middle class and poor. Kiyosaki is very effective in noting the difference.The issue is not whether one should invest in stocks, bonds, mutual... read full review
Current Review
10.Invaluable if you need to change your Investor Mindset
(Mount Vernon, NY United States) August 9, 2002 - 5.0/5 stars
I have a read a number of the negative reviews and I think I understand their criticism, so I wanted to give my perspective and why this book is so important to me. What Kyosaki brings front and center in this book is... read full review
11.Terrific Book
(Portland, OR) March 14, 2002 - 5.0/5 stars
All of the books in the Rich Dad are excellent. I also suggest How to make nothing but money by DelDeotto,




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
 Amazon.com
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... 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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