Rating:  Summary: A Guide to Growing Your Wealth Review: When I first purchased this book, I was surprised by how much thicker it was than the others I had read by Kiyosaki. Then I started reading it and I was amazed by how much information there was in it! It very well explained why my family had been poor my whole life. Network marketing is a good way to learn about building a business, but you have to follow the companies systems of success, not make up your own. If you are going to buy real estate, you have to know how you are going to make money, not just think the property will rise in value. If you are going to buy stocks, you should know how to get insurance on them so you will not go jail like Poor Martha. If you are going to build a true business, it has to still run even if you are not there. That being said, I enjoyed pointing these things out to certain people I know. It is a good book, and while it may not be a great book for the true english magor snob, it is easy to read, but longer than the other books he wrote. To be honest, perhaps that is why some people did not like it. I loved it.
Rating:  Summary: Regurgitated information Review: This book has the same info as his, Rich Dad, Poor Dad & Cashflow Quadrant books. (I read both) I listened to this book at the same time I was listening to the Warren Buffet Way. What a contrast. There are no supporting details in this book. No statistics Very few specifics - extremely vague SKIP IT!
Rating:  Summary: Kiyosaki got rich by selling us his books Review: Kiyosaki is rehashing information from his previous books into this third book supposedly on investing. I hate to think what the remaining books are like. The book reads like a bad novel, with unnecessary writing and repeated information over and over again. Lets not make Kiyosaki any richer by buying his books. I recommend you read the first (preferably borrow from the library), once you have read the first its mean you have read all of them.
Rating:  Summary: The world of investing turned inside out Review: With all of the changes affecting the industry it is refreshing to be presented with a new outlook on investing that does not subscribe to the total devotion of the stock market. With insights geared towards looking at outside opportunities with the same focus that a money manager would have, the reader is led to examine new opportunities that are not featured by the popular investment media.Take a look at the Millionaire Mind and the Millionaire Brain, both these books, which are my favorite financial success books, also accentuate the philosophy that a truly successful investor needs to look outside of the box in order to be able to capitalize on the outside of the market investment opportunities that exist in the marketplace.
Rating:  Summary: Get it Review: Best book from the "Rich Dad Poor Dad" series, and much more comprehensive then the title implies. This isn't about how to buy stocks - on the contrary, Kiyosaki doesn't like stocks and mutual funds. He redefines "investing" using legal and technical terms and tools that I've never read about anywhere else. For example, "accredited investors" are an SEC officially recognized category of investor who is allowed to invest in certain instruments and assets that the average investor isn't even aware of, but Kiyosaki explains what it is, how to become one, and many other reasons why the rich get more return for their money than the middle class does. A rare and well-written book.
Rating:  Summary: Decent starter book despite a few problems Review: This is a well written and even inspirational book on how to build wealth and become rich, but there are some problems with it. The conversations between rich dad and Kiyosaki focus on the financial lessons in life that rich dad says many people learn too late, or never learn. In many ways, its remarkably similar to "The Richest Man in Babylon," by George Clason, a venerable classic which had a similar approach and was familar to earlier generations of investors. The book makes two major points, which is that most people who get rich usually start their own businesses, work hard at making them successful, and first acquire wealth that way. Then they take the money and invest it in the stock market in solid assets that will gain in value. Since the value of money is constantly decreasing, according to Kiyosaki, why hold onto cash? Kiyosaki uses the example of ancient Romans clipping silver coins, which is how the ridges or "reeds" came to be engraved on coins, as an example, but in our time it's the government that is essentially "clipping" with policies that negatively impact the value of the money. The wise rich dad, therefore, is the one that first makes the money in business but then knows how to preserve and even increase its value by investing in stocks and also in real estate. On the con side, as I said, the book doesn't really give much detailed advice on how to properly invest, and if you're going to play the stock market you'll need to read more than this book. I would recommend several classics such as William O'Neil's How to Make Money in Stocks (I would read this rather than his more recent books, such as 24 Essential Lessons for Investment Success, or the others) or the legendary Peter Lynch's books, such as One Up On Wall Street. Kiyosaki says the rich dad also knows how to make money in the market when its going down as well as going up. This implies shorting stocks, but the novice investor is strongly advised not to do this until he or she is much more knowledgeable because of the risks. Despite Kiyosaki's statement about the currency, the U.S. dollar doesn't always decline. For example, if you went long the dollar in the late 90s against several other currencies, such as the Deutschmark, the Japanese Yen, or the New Zealand dollar, which got to 2.4 to one against the U.S. dollar, you would have made a killing. As someone else already noted, Kiyosaki is dismissive of people who get degrees and work hard to have a career as a way of making money and becoming financially secure, and repeatedly mentions the hapless poor dad in the book who worked hard his entire life and yet was laid off and is now faced with the task of finding a job at age 52, and that having your own business is the only sure road to job security. However, a Rand Corporation study done in the 90s showed that most people who had acquired significant wealth by the time they were in their forties were those who'd gotten good educations and degrees, and then had successful careers, not those who'd founded businesses. Furthermore, government statistics show that 90% of small businesses fail within the first two years. In fact, in another recent study, the people who were most well off financially were those who had had good jobs and yet lived well under their means and had saved aggressively. Simce Kiyosaki's book is light on actually how to invest, I thought I'd give you one piece of advice, and it might be the best piece of investment advice you'll ever hear. There aren't very many easy ways to get rich. As someone once said, "Real money is easy to come by; it just takes a lifetime of work." But the miracle of compound interest is one of them. Over the last 75 years, the stock market has averaged an 8% annual return. If you put $100 each month into a mutual fund, such as the Vanguard Russell 5000 fund, which mirrors the broad market, each month, and started doing that in your twenties or early thirties, and the market averages the same rate of return, you would have a million dollars after forty years. You can do this with an deduction from your savings account each month so that its automatic. Another reason this is a good strategy is that it is a form of dollar-cost averaging. When the market is up and over-valued, your $100 buys fewer shares. When the market is down and under-valued, it buys more shares. Over the long term, you optimize your purchase price for stocks and further increase your return. Over the last 25 years, the market has actually returned almost 12%, so this would work even faster. Even if you're long past your 20s or 30s (like I am), this is still a great way to invest. Unfortunately, too many even very knowledgeable investors don't pay attention to this one great little investing trick. It insures that one part of your portfolio over the long term will probably do quite well, even if your personal stock picking doesn't with the part of your portfolio you're actively managing. It also provides you with a long-term investing program that isn't dictated by the short term vagaries of the market, which is what paralyzes a lot of people. Let the experts thrash around trying to predict where the market will go from day to day or week to week, while you stick to your little, automatic dollar-cost averaging program, which will help to smooth out the inevitable bumps and grinds in the market over the long term.
Rating:  Summary: Not that great Review: I've read most of the rich dad series and this one well I think rambles on and on and does not give much sound advice. There are a few tips here and there but you really have to dig deep to find it and the book is quite long. I thoroughly enjoyed rich dad poor dad. Really solid, super, in your face stuff. But this one kinda didn't grip me much. Sorry gotto be honest
Rating:  Summary: I'll never doubt Kiyosaki ever again Review: I have read some of the negative articles and reviews here about Kiyosaki, but to me this man has mega credibility. HE WARNED US ABOUT MUTUAL FUNDS--AND HE WAS RIGHT! He told us that real estate is the way to wealth and that is true also. He recommends network marketing as the perfect B-Quadrant business and that has also turned out to be true. The man recommend small cap stocks and look at how they have performed. The guy knows his stuff, er, that is his Rich Dad knew his stuff and Kiyosaki is passing on that information updated for the times for all of us to benefit. Thank you Robert for sharing. I for one am glad that I followed you investing advice and am not getting hammered by the current mutual fund scandal as some other people I know are. And I guess now we know who writes most of those negative 1 star reviews, don't we?
Rating:  Summary: Kiyosaki is a Charlatan Review: First of all, ask yourself if this guy is so rich why is he hustling novices to buy all his products like his board games for over $100 when it probably costs 10 dollars at most to make? Why does he recommend people attend his overpriced 3000 dollar seminars? If he's so rich I'm sure he can subsidize the cost so he can reach out to the widest audience. Kiyosaki is a serial book writer, how many rich dad books did he write? I thumbed through this book because it was on the "hot titles list" at my bookstore. Best-selling just means he sold a lot of copies. Harry Potter is also best-selling too. Rich Dad ivesting guide contains no real investment advice just motivational filler. His idea of investment is starting a business (entrepreuneurship). He does not mention how one actually starts a business though. But he does talk about what you should do to become a billionare which he himself isn't! I recommend Rod Davis' "What you need to know before you invest" for novices. Open both books at the same time and compare the contents. For in depth knowledge there's no way around, you will have to hit peer-reviewed college textbooks. Don't fall for guru get rich schemes. One of the most basic rules of finance is that if something is really so easy then everyone would be doing it and the opportunity would cease to exist.
Rating:  Summary: The best of the series Review: This is easily the best of the Rich Dad series. Although this is the third book in the series, you do not need to have read the second book "The Cashflow Quadrant" to get a lot out of this one. In fact, I think you can skip "The Cashflow Quadrant" and go straight to the third title as the "Guide to Investing" repeats most of the content of the "cashflow quadrant". The main message of this book is that "Investments are not risky if you know what you are doing". The book is devoted to outlining Kiyosaki's simple, practical and PROVEN investment strategy that has made him so much money over the years. If you have read the original Rich Dad book, I would be very surprised if you do not like Rich Dad's guide to Investing".
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