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

Author - Robert T. Kiyosaki ... [Goo?] [Posters]
Author - Sharon L. Lechter ... [Goo?] [Posters]

This Paperback Book item from Time Warner Books was reviewed on 18-Oct-2008.

Search ISBN:0446677469 offer from Abebooks or used books from Alibris. Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! Reference Book. Classifications : General Accounting Industries & Professions Business & Investing Subjects Books Introduction Investing Business & Investing Subjects Books General Investing Business & Investing Subjects Books Financi . Click the following link to view the cover of Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!.

Related topics: General. Accounting. Subjects. Books. Introduction. Investing. Subjects. Books. General. Investing.

1) Paperback Book Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Time Warner Books. I have read most of the books in the Rich Dad series, and this last one has been on my bookshelf for seven years. I finally read it this week, looking for some insight into the current (10/10/2008) stock market and financial crisis.

This book was harder to understand and less complete than the other books in the Rich Dad series, and the chapters on the different classes of investors was basic to me, but that is probably because I´ve attended a half-dozen Rich Dad seminars over the years, read the other books in the series and I´ve played the Cashflow game, which I highly recommend.

However, I don´t particularly recommend this book. This is the only Rich Dad book in which I found the writing to be stilted and phony, particularly when Kiyosaki is recreating his childhood and young adulthood interactions with his ´Rich Dad.´ Instead of speaking to me deeply as the earlier books did, I found the first part of this book to be highly irritating, preachy and annoying.

Any other Rich Dad book is worth buying, except for this one. Rich Dad Poor Dad will set your life on fire and change the way you think about wealth and money. This one will put you to sleep.


¤

2) Paperback Book Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Time Warner Books. I like Robert Kiyosaki´s idea of an eight-part model for a business. He calls it the BI Triangle, which says that a business is a system of systems. The BI Triangle is a big leap forward for all aspiring entrepreneurs. It establishes finite boundaries on what it takes to run a successful business. As far as I know, no other writer has been able to express these boundaries so succinctly.

The BI Triangle´s power comes from its unprecedented combination of comprehensiveness, finiteness and simplicity. Before Mr. Kiyosaki, nearly all business books were written by two categories of writers:

1)Overly-specialized, non-comprehensive-thinking employee-or-consultant-gurus who couldn´t see the forest for the trees, or
2)Overly-generalized, non-educator-entrepreneurs who could see the forest but couldn´t describe it in a way that was understandable to others.

Seldom (if ever) is a business book written by an entrepreneur who also happens to be an educator. As a result, the business sections of most bookstores are vast collections of specialized "marketing" books written by self-proclaimed marketing gurus, "strategy" books by strategy gurus, "sales" books by sales gurus, and so on. None of these overly-specialized authors have been able put the entire concept of business together into a universal, comprehensive and succinct package - none except Robert Kiyosaki.

This lack of succinct comprehensiveness within the business world is the main reason why entrepreneurship has been so scary for so many. This must have been how the mariners of Europe felt before the voyages of Columbus. Starting a new business, just like sailing off into the sunset, used to seem like a never-ending dangerous quest into an unknown (and unknowable) abyss. That´s why most mariners used to stay within sight of the shore. To them, the risk of sailing into the sunset was infinite because the scope of possible outcomes was also infinite. This isn´t surprising since many of them thought the earth was an infinitely-extended flat plane.

But something amazing happened when Columbus returned from his adventures. He proved to his fellow mariners that the earth was finite, not infinite - he showed them that the earth was actually a sphere, and not an infinitely extended plane. The others quickly understood the meaning. That is, a spherical earth meant that it was now impossible to sail off into oblivion. In one swift stroke, this knowledge massively reduced the risk (and the fears) of sailing into the sunset. What was unknown and unknowable became knowable and most importantly, doable.

Robert Kiyosaki is the Columbus of the business world. He has shown that a business, like the earth, is also a finite entity. Just as there are definite boundaries to the earth itself, there are also definite boundaries to a business. This is a monumental finding - don´t be fooled by its simplicity.
But there is an important difference between the boundaries of the earth and the boundaries of a business: the former is mainly physical, and the latter is mainly metaphysical. In other words, the boundaries of the earth can be apprehended by the senses; the boundaries of a business can only be apprehended by the mind.

The key to understanding Mr. Kiyosaki´s ideas is the ability to see with the mind´s eye. The business world of the Information Age is a collection of inherently invisible, inaudible and weightless principles. To apprehend them we must learn how to transcend the obvious physical inputs from our senses. For example, it´s "obvious" that the sun "moves" across the sky. It´s "obvious" that the earth is flat. But is that really happening? The mind´s eye reveals a different reality. If you want to succeed in business, then learn to embrace the version of reality from the mind´s eye, not from the senses. Robert Kiyosaki´s books are an excellent place to start.

If you really want to understand the way Kiyosaki thinks, then I suggest you read Buckminster Fuller´s books as well.
¤

3) Paperback Book Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Time Warner Books. I really liked this book. If you liked Rich Dad, Poor Dad, then you should get this book. It is very informative and interesting.¤

4) Paperback Book Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Time Warner Books. Rich Dad´s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!

Robert Kiyosaki has openned my eyes: after being 15 year working for several companies as Corporate Treasurer, Senior Operations Controller and responsible for starting-up several buisness units for my employer, I finally was inspired by Kiyosaki´s Guide to investing and how you can create your own money, creating assets without buying them, going through a transformation process "trash to cash".

I look at Financial Statements from a different perspective, not as a means of informing someone else of the company´s performance, but as someone who would be an inside investor.

This book is really great!!¤

5) Paperback Book Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Time Warner Books. Excellent book for starters on the way to financial freedom or people who would prefer to be inspired by common sense approach intellect that provides a base to slingshot their financial freedom and start getting out of the rat race¤

6) Paperback Book Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Time Warner Books. Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - two fathers. One father (Robert´s real father) was a highly educated man but fiscally poor. The other was the father of Robert´s best friend - that dad was a college drop-out who became a self-made multi-millionaire. In this follow-up to the bestselling "Rich Dad, Poor Dad", he reveals the secret of how the wealthiest people become wealthier by presenting some simple investing secrets and explaining how anyone can enjoy cash benefits merely by knowing where and how best to invest their money. The author´s nuts-and-bolts approach to personal finance and understanding the real earning power of money has gained him a huge following, particularly as he knows all he describes from first-hand experience. Once so cash poor that he and his wife were forced to sleep in their car, today the Kiyosakis are multi-millionaires and highly sophisticated and experienced investment experts.¤

7) Paperback Book Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! by Time Warner Books. 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¤

Page Updated: Robert N. Goolsby, 15-Nov-2008, 04466774699780446677462, 500-690-770-300-190-440-180-8

Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!, Book, Image © Time Warner Books

Search: Time Warner Books, Book Posters, Book Art