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Rich Dad's Guide to Investing Abridged

Rich Dad's Guide to Investing Abridged

List Price: $17.98
Your Price: $12.23
Product Info Reviews

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Rating: 1 stars
Summary: Unoriginal, Dated and Longwinded
Review: One of the most misleading and Flanneled books I have ever had the misfortune to read. The concepts have been around for decades i.e. The Prosperity Movement of the 70's.
This book could have been written in about 20 pages - it is repetitive to the point of tediousness. You keep thinking that something is about to happen and it never does.
This is an attempt to cash in on the author's name etc. and it is quite disturbing that it is held out as an original piece of profound investment guidelines.
Don't waste your money!!

Rating: 5 stars
Summary: Only the riches understand that book?
Review: Well,the thing is that there is no 100% method to become succesfull enterpreneur or investor.I don't think that MBA degree should write books about how to make money.What's the point?Kiyosaki just opens your eyes and shows how to think.He has similar concept on investing as Peter lynch(the most succesfull mutual fund).If anyone has better books on how to be rich,i'll be pleasured to know it.

Rating: 1 stars
Summary: Lacking Content
Review: If you need a good kick in the pants to get you started in investing or thinking about starting your own business than this book is a good start. Using the concept of rich dad poor dad is original, whether it's true or not. A good motivational tool but that's it.

However, this book doesn't really offer any information on investing. He gives some basic ideas on what type of entity to use and how to read basic financial statements but there's not much other content in this book.
I wish I could get my money back because I won't make any new money from reading this book.

I think it's funny that the people who write these books usually make most of their money selling the BOOKS and not by creating other businesses as preached in the books.

If you learn anything from this book it's that you should start writing books on how to make money and get rich quick. Then you'll get rich quick.

Rating: 1 stars
Summary: Poor Followup
Review: The concepts of the first two books were interesting I was hoping to see some actual strategies to execute. Again this book falls into the parttern of exciting the read but failing to provide the guidance needed other than with some obscure, and unsupported, one-liners of advice.

Rating: 5 stars
Summary: The most informative of the whole series!
Review: This book is, in my humble opinion, truly a class of its own. Building on the concepts that are found in Rich Dad Poor Dad and Cashflow Quadrant, this book teaches you how to truly think like an investor and an entrepreneur who is thinking of building a business, and what it takes to get there. The three classes of assets are explained a lot more in depth, key concepts are reviewed continuously. There is so much insights in this book! For those of you who think repetition is boring, beware! Once in a while, this book will throw in a new concept that will take you up another notch. Try not to skim over it just because the materials look familiar. Having gone on to read the remaining books and listen to all the audiotapes and play the cashflow 101 game, Kiyosaki likes to take layering approach in driving his concepts home. For me personally, this book offers a very systematic strategy that ties acquiring real and paper assets with building businesses. In other words, the Rich Dad Poor Dad series will give you a GRAND STRATEGy in how to structure your financial goals. Happy Reading and Best of Luck!

Rating: 3 stars
Summary: Insightful yet hard to follow
Review: Mr. Kiyosaki's view of the world is really an eye-opener. His insights are very helpful. Yet, the way he presented it, it is very irritating and confusing. I can stand his oft repeated passages but what got my goat was in one section he was leading the reader to how to get something yet he withholds it to a later chapter. I now forgot what it is.

Self-made men are usually stubborn. Most of the time, they reached the top without listening to what the others said. But Mr. Kiyosaki, I am aware of your point being a best-selling author not best-writing author schtick, but please listen to your editor.

Rating: 3 stars
Summary: Long on Theory, Short on Advice.
Review: Mr. Kiyosaki is an airy philosopher of economics and business. He has a marvelous ability to talk all around something and yet say nothing. He is a good salesman and like a few others, his board games, tapes, books and seminars have enriched him greatly. Good for him. BTW the library has his books.

Rating: 5 stars
Summary: Toggle Your Mind Into Riches
Review: This is a hypnotic book on mindsets. This is a work of art. This is a very dull book. And at the same time this is the best book by Robert Kiyosaki I've read. His method to form an idea is a continuous repeating. He repeats, and repeats again a lot of times. Like a musical composition of minimalism style. Like a Bolero by Maurice Ravel. Again and again. Repeat and repeat.

In his third book "Rich Dad's Guide to Investing", Kiyosaki tells how he got started in his investment journey, starting with nothing, and in fact with a negative net worth. I still like his style of writing and message.

Most of us, having read his first two books, would have wondered if we could have embarked on our journey to become financially independent without much resource at hand. In this book, Kiyosaki shows how anyone can get started and how it does not take money to make money. He teaches how time is more important than money. How investing in one's self and getting an education and experience precedes excessive cash. How having a plan is more important than being in a hurry to make money.

Rating: 5 stars
Summary: Don't listen to the weak minded
Review: There's a reason that only 3% of our population is rich. If you read some of these other reviews you'll learn that most people look for quick fixes. This is not a quick fix book, rather it puts you in the mindset of truly believing and knowing you can become rich. Remember the old adage (not perfectly quoted) "Give a person a fish and you give them a meal, but Teach a person to fish and it'll last a lifetime"? Well, Kiyosaki artfully spells out the simple methods that most of us do not or will not follow in order to sacrifice to be rich. I believe this book adds greatly to his previous two books, yet don't go looking for real estate, stock,or any other investment ideas, because you're taught to be smart and creative enough to think of them yourself.

Rating: 5 stars
Summary: Real Diversification
Review: 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 funds, or precious metals versus hedge funds, private businesses, and rental properties. The issue is becoming a real investor: one who can thrive in the up times and down times. A real investor receives regular cash flow from his/her investments. And cash flow is the true bottom line.

That is what separates true investors from pretenders. How many middle-class "investors" understand how to use options to protect their investments? How many know how to read a 10-K and make decisions based on the numbers? That is how a real investor thrives during bear markets. (They don't wait to hear the news on CNBC or CNN or even the Wall Street Journal; by the time the news hits there, it's too late. You MUST know how to interpret financial reports!)

Many "investors" talk about how they made money on this stock or that stock. They were not investing; they were gambling. True investors research their investments and make informed decisions based on objective criteria.

By becoming financially literate, you can effectively reduce your risk. After all, most investment risk is due to the investor.

That is Kiyosaki's point.


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