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Summary: Robert Kiyosaki does it again, kind of watered down version
Review: I happen to love "Rich Dad Poor Dad", but Robert Kiyosaki is writting a ton of books with the same basic premise, and he never delivers the "Guide" in this guide to investing, BUT, I still like his style of writting and message.I know that my previous statement sounds bizarre, but it is the best way to describe his books, and his followers. The basic message is "Buy assets, let others buy your liabilities", but he is right everytime he says it. I think several of his books deserve space in my library, but not for the reasons many people may think. Robert does a wonderful job of explaining things in basic simple terms for the begining investor. No, he never does tell you how to do anything, and much of his numeration is flawed, but he is simply the best at explaining to my simpleton friends, what I don't have the patience to do anymore. For that alone he gets a four, then I can have a chance to educate them further. If your looking for a serious or advanced manual, this is not it. If your just getting the nerve to look up investing, then start here.
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Summary: This book will turn on the financial lightbulbs!!
Review: I read this after I read Kiyosaki's Cashflow Quadrant. Both super books, full of information in an easy to read format. I gave copies of both books to my grown sons and now the 3 of us plan on starting our own business....and we are very optimistic. I already have one business up and running, but this book explains the difference between Limited Liability Corporations, being Incorporated, etc. and why you should choose one over the other.
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Summary: Kiyosaki continues
Review: The Rich dad's Guide to Investing completes Kiyosaki's ideas. If you enjoyed the first two books then read this one. Many of Kiyosaki's stories and ideas are repeated with a few new ones included. I chose to read this one to add to my knowledge as well as to cement lessons learnt.
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Summary: Excellent Insight But over simplifies
Review: Most financial advice books repetively give the same message, "pinch pennies, buy a big house to get a tax break, diversify your investments", etc. This is a very refreshing departure from that approach. I've reread this book at least 20 times and still find something new every time. That is how well the author keeps interest and makes you think! Unfortunately, this book was written to appeal to the masses and that is why it seems to oversimply things at times. For example, he repeatedly states that a business can purchase real estate tax free without hinting anything about how. Is it because of 27 year depreciation offsetting the principle on a nothing down loan, or is there something else? In his business systems section, he spends astonishingly little time talking about how to do market research and increase revenues. It's almost as if he assumes you already have the multi-million dollar sales, now he'll tell you how to build a system to process them. At the end, he says that aiming for low income and high expenses is what makes a peson rich and that it is the whole point of the book. If that point is so important, maybe it should have been introduced at the beginning. His chapter about financial ratios is at the level of a grade nine high school course and contains no insights at all about what to look for. Still, the sophisticated investor insights are brilliant. The whole message of the book is to stop relying on promotions and pay raises, and putting money into your "diversified" 401k. Instead, start studying accounting, corporate tax, and communications skills so that you can build a substantial business that buys your investments with big tax breaks.
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Summary: Oh, I Wanted to give it 5 stars....
Review: After the impact Rich Dad, Poor Dad had on me and my mindset, I've been disappointed now with the second and third books in the series. This book leaves me frustrated. It took me a long time to read, because it is extremely ponderous, and my overwhelming opinion is that there is a 'thread' holding the chapters together, but I'd have to read it again to 'get' it. I'm frustrated that the chapters can seem so short and lacking in details, yet the book ends up so long. I'm frustrated that as the book goes on, Mr. Kiosaki begins to pack in more and more 'plugs' for his other books and his (...) game. I'm frustrated that Mr. Kiyosaki repeatedly mentions the benefits of Network Marketing, while brazenly avoiding to mention the pitfalls you can encounter if you get involved with a Network Marketing company, AND does not mention any N.M. companies he has researched and can recommend as being established, ethical, responsive, with good training. On the Other Hand, this book is valuable. About 2/3rds of the way through it, I realized this book is NOT about providing answers to specific questions... it's about changing your mentality. The other two books prepared you; this book repeats itself over and over, until it finally starts to sink in. This book is not about evaluating stocks or mutual funds; it's not about how to read financial statements, or how to get involved in IPO's. It's not about how to run the day-to-day operations of your own real estate or Network Marketing business. This book is about making your habits, your mindset, your unconscious thinking change and view life, money, investments, and opportunities from a different perspective. I don't believe it's successful at it's mission. Too long, draw-out, and repetitive to win me over. But I'll read it again, and hope that the nuggets of information work their way in.
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Summary: Nuggets here . . . but you have to dig for them
Review: I liked this book. It presents some powerful ideas that are different from those presented by the majority of investment books. Unfortunately, these nuggets are buried in a book filled with redundancy. It's ponderous to be presented with an idea, to have that exact idea repeated verbatim two paragraphs later on the page, and to find this same idea repeated again in the following pages. It looks like someone was trying to increase the word count in order to justify the price of this book. - - - Kiyosaki could have presented all his ideas in one large book. - - I would have found this approach less irritating and time consuming to read. Then again, Kiyosaki emphasizes the importance of creating assets which generate cash flow; his books and games accomplish this. - - - I used to buy any new book with the Rich Dad brand. Now, I first do a quick review to make sure there's something of value there. - - - Bottom line, I found this book worth the money & time taken to read it. If you dig through the rubble there are some nuggets here.
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Summary: Strongly Recommand!!!
Review: I saw some of the reviews, before I bought this book. And I think Paul Polanco's review is really helpful. Maybe Robert should ask u to write the preview or something ^^. Now I read the book, as the Robert said, this isn't some kind of quick fix or magical formular. This is about CONCEPT!!! He points out many concepts that will help you to be wealthy. But how to achieve that??? Well... you have to figure out yourself. Follow his concepts, it would be much easier to do that! As for some people who thumb down, I guess they might think it just kinda repeat what he said in previous two books... Well... that's true, but he did add up more detail and those are really helpful. Before you read this book, I recommand u to read Paul Polanco's review!!! Richard
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Summary: Great outline for business success
Review: I really liked the first two books, but this one really had the info. Robert really gives you examples of what it was like when he was discharged from the military and wanted to get started in business. He really lays the foundation for a successful business. This is the only book you will need to cover the basics of business. There was so much information in this book that my brain was overflowing with ideas and details. You should read this book if you want to achieve the financial results that you desire. Make sure that you use a hightlighter and study this book. I even bought a copy for my brother and he loved it!
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Summary: The Magic Is Gone
Review: Rich Dad Poor Dad is great book. Cash flow quadrants is average. Rich Dad guide to investing ...below average. Cashflow game.....I don't have to play it to realise that I am wasting my money. P.S. "Rich Dad always say try to write a good book...as many spin of as possible......to make millions off those ..." My advise buy the first book or better yet barrow it from a friend........and invest the money you would use to buy the other books/audio cassettes/board games/etc. etc.etc.
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Summary: Inspirational!
Review: I listened to this book twice and found it to capture and hold my attention. I don't really like the use of "Rich Dad" throughout, but it is a catchy title that probably helps to sell the book. The best part was the wealth of ideas this book generated for me. I found it inspirational and helpful in understanding the types of investments and how to reduce investment risk. I loved the part about the necessity of having a strong vision and spiritual base to your business. I would highly recommend this book.
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