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Rich Dad's Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!, by Robert T. Kiyosaki
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Investing means different things to different people… and there is a huge difference between passive investing and becoming an active, engaged investor. Rich Dad’s Guide to Investing, one of the three core titles in the Rich Dad Series, covers the basic rules of investing, how to reduce your investment risk, how to convert your earned income into passive income… plus Rich Dad’s 10 Investor Controls.
The Rich Dad philosophy makes a key distinction between managing your money and growing it… and understanding key principles of investing is the first step toward creating and growing wealth. This book delivers guidance, not guarantees, to help anyone begin the process of becoming an active investor on the road to financial freedom.
- Sales Rank: #4774 in Books
- Published on: 2012-04-03
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x 6.00" w x 1.25" l, 1.05 pounds
- Binding: Paperback
- 471 pages
- Trade Paperback
Most helpful customer reviews
30 of 30 people found the following review helpful.
Rehash of good ideas, but not a "guide" to investing
By Wineguy
OK, let me start out by saying that I like Robert's way of making you think. I read a few of the Rich Dad books. He changed how I look at money and wealth. I have unknowingly even been implementing much of what he preaches over the past few years and what he says does make alot of sense.
Here's my problem with this book. First of all, as with his other books he simply repeats statements and thoughts over and over. He claims it is a learning tool. I agree to a point, but after awhile it really starts to look like he's just filling in the pages to make the book longer.
Secondly, he says alot of the exact same things as the other books. no real new info here. Although if you haven't read his other books (and I suggest RDPD first) then this is a good overview.
Finally, and most importantly, my issue with Robert is that while he makes great generalized comments he never actually tells his readers what to actually do. He kinda skips around the subject. So when I saw his "Guide to investing" I expected this to be more than the same generalizations. No such luck. He still doesn't quite get into what to actually do in a step by step manner. As such this book is mistitled as a "Guide" to investing." More like Robert's general thoughts toward investing.
I can look past his somewhat remarkable ability to retain specific conversations and events from more than 45 years ago...or the way his claims are not really verifiable...or how in one book a story is slightly different than in another book...all of which makes one wonder if he made up the whole background story in order to have a theme for his books. However, I cannot keep reading his books if he doesn't start to present new, fresh ideas and specifics.
3 of 3 people found the following review helpful.
Playground of the Rich
By jetpilot
Robert Kiyosaki advances beyond his previous writings, "Rich Dad Poor Dad" and "Cash Flow Quadrant" in this guide to investing. The overall theme is taking ordinary earned income and converting it to passive and portfolio income. He makes a strong case for building a business or businesses to buy assets. One asset he mentions is time which he says the rich value as much or more than money. Instead of wasting time working harder he promotes the idea of starting a part time business. This enables people to be inside investors rather than outside gamblers. In other words, control removes some risk and increases the potential for reward. He encourages the reader to look for business opportunities rather than a job and to stop turning cash into trash. I like his philosophy that wealth comes from ideas not money. So if you are looking for new ideas on how to enjoy the playground of the rich, this book is for you.
3 of 3 people found the following review helpful.
A lot of Fluff with constant advertisements of his other products
By just_me
I'm glad I borrowed this from my local library and that I did NOT invest any money in it. This book is about 400 pages, but I think it could have been edited down much significantly. The book has a lot of fluff. For example, you would see quoted items several times -- it feels like beating a dead horse.
The biggest thing that annoys me the most is that the book has a constant barrage of product placement throughout the book. Needless to say, he repeats these advertisement for the same products several times, much like beating a dead horse.
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