Book - Customer Review:10
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
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.
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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