 "Kiyosaki has done it again." | 2009-10-03 |
| - Reviewed By User: A258MA9CXCWQSX |
Regardless of whether you are interested in learning more about real estate investing, buying or selling a business, creating a second income or a new career or just general financial issues, you will find the advice you are looking for in RDPD and in the Rich Dad's Advisors Series. For one, Kiyosaki explains the 90/10 philosophy. This is Rich Dad's version of the famous Paretto principle. In this case, Kiyosaki via rich dad explains that 90% of all investments are actually owned by only 10% of investors. Kiyosaki cites a Wall Street Journal article to support this.
Study Edition books (including a DVD Title) you must add to your collection:
Think And Grow Rich: The Personal Study Edition
The Master Key System: The Personal Study Edition
Path To Prosperity - Mastery Of Destiny - Acres Of Diamonds: The Personal Study Edition
The Science of Getting Rich: The Movie - 2 Disk Set
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 "Decent for Laymen; Otherwise Useless" | 2009-09-26 |
| - Reviewed By User: A87S938JXRGTE |
Rich Dad's Guide to Investing by Robert Kiyosaki is a self help book in gaining financial literacy. Most of the book is centered around motivational antidotes with Kiyosaki going through his personal experiences and the advice he received from past 'mentors'. Occasionally Kiyosaki goes into some technical indicators and the small sections from Sharon Lechter are concise and informative.
However, the relevancy of Kiyosaki's advice is dubious. Kiyosaki continually presents Rich Dad as being a real person that helped him become financially literate. No such person exists. When confronted with this accusation Kiyosaki compared Rich Dad to Harry Potter: A helpful myth. The vast majority of the book is a blatant lie. Kiyosaki's conversations with Rich Dad introduces an intriguing narrative device but is highly dishonest.
Kiyosaki's advice regarding economics borders on somewhat helpful to ridiculous. Kiyosaki's advice regarding the inevitability of bear markets is spot on. For this I'll forgive him for never actually giving advice to prepare for a bear market. But when he goes into subjects like inflation and socioeconomics it's disgraceful. His understanding of inflation, that it will eat away at savings, is flat out wrong. Look up the Fisher Effect to see what I mean. When he goes off into socioeconomic reasons for poverty I'm left aghast (many, many times throughout the book). To Kiyoaski the poor are poor because they are lazy and not willing to become successful. All you need is confidence and a strong desire to succeed. Needless to say these are blatant myths. It is obvious that his views are shaped by Carnegie's 'Wealth' and similar literature.
For better or Worse Kiyosaki has the tendency to repeat himself constantly. This is good as a pedagogical device but also significantly bloats his book. What could have been a 50-75 page pamphlet turned into a 400 page, inch thick, semi-novel. The end-of-chapter 'Mental Attitude Quiz' is a unique method for reviewing each chapter. Oddly, for some reasons this sections disappears half way through the book. Why not have it throughout the work or not at all?
The only parts that were consistently helpful were Sharon Lechter's notes. They were short and to the point. Several times she had to admit that Kiyosaki's advice wasn't as applicable as he was reporting.
Basically, 'Rich Dad's Guide to Investing' is a good book for laymen that never had formal training in business or want to start a part-time business in addition to their day job. But if you're looking for technical advice or what to invest in, as the subtitle suggests, then you will be sorely dissapointed.
A perfect example of Robert Kiyosaki's advice:
(amazon doesn't allow posting hypertext links. Google 20/20 'Who Wants to be an Entrepreneur')
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 "A Warning to the Masses" | 2009-09-04 |
| - Reviewed By mathew_titus |
I enjoy reading books written by Kiyosaki.
They're never "well-written" or, even "erudite" - by any stretch of the imagination. But they tend to "RIGHT" - which in the financial world, is all that matters.
The book is a mess of ideas - haphazardly strewn about - some important, and others simply trivial. But the core mission behind this book is to explain how wealth (BIG MONEY) is created. And that it does, fairly well. You might have to endure endless monologues about Kiyosaki's life - in school,in sales, business and Vietnam - but at the end of it all - the lesson becomes pretty clear: You don't get RICH by trusting others with YOUR MONEY.
Too many people have lost too much money and property (since August 9th, 2008) to subscribe to the over-used strategy of diversifiying their portfolio by buying into already diversified mutual funds. America's foreign dept has never been higher. And everyone is waiting for the other shoe to drop...
Financial uphevals may be unavoidable in a free market. But it is always helpful to have your eyes out on the horizon, looking for the next squall. Reading this book, is like climbing the crow's nest, for a better view. It isn't comfortable - but it's always better to see it coming - before anyone else! |
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| "Refreshing read" | 2009-08-15 |
| - Reviewed By User: A38IZVTPUJEP40 |
In this book, the author provides many investment lessons through a dialogue that takes place between Kiyosaki and his rich dad. It might get repetitive, but I believe that we need to hear certain things ten times or more before we actually get them. I found it refreshing to read about the mental attitude that one needs to have to be successful. Most people are skeptical of these methods, but this is in line with what the author says. But most people don't ever achieve this level of financial success, either.
The author stressed the importance of having a plan and a mission for your business. He shows readers how they do not need money to get started because time is more valuable than money, which I agree with. Then once we get started, money can produce even more money. It was nice to hear his story of how he started with nothing and achieved financial success. Another thing I liked about this book is that he tells readers to build businesses that can be sold to the public through IPOs. Not many financial books talk about it.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market |
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 "Guide to Investing Review" | 2009-08-11 |
| - Reviewed By User: A1DE8WV84C51O5 |
| I think this book would be good for someone who has little knowledge of the subjects addressed. This book is a good basic foundation for people interested in making their money work for them. After reading the first book: Rich Dad Poor Dad and this book the third of the series, I found myself thinking I am already at this level of thinking about money and investing. The great thing about this book is that it keeps it simple. The subjects covered in this book are pertinent and essential for successful business and making money. The reader will not find specific investment strategies or diagrams for strategic investment vehicles the reader may find inspiration to seek out ways in making the most out of themselves financially. They will also walk away with an understanding of what it takes to become rich. It is an easy read and a great book to share. |
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| "A book for those with little knowledge of investing" | 2009-08-11 |
| - Reviewed By User: A1DE8WV84C51O5 |
| I think this book would be good for someone who has little knowledge of the subjects that are briefly addressed. This book is a good basic foundation for people interested in making their money work for them. After reading the first book: Rich Dad Poor Dad and this book the third of the series, I found myself thinking I am already at this level of thinking about money and investing. The subjects covered in this book are pertinent and essential for successful business and making money. A great thing about this book is that it keeps it simple. Although, the book is written with a broad scope on the subject of investing and there are a lot of wasted pages with redundancy. The reader will not find specific investment strategies or diagrams for strategic investment vehicles the reader may find inspiration to seek out ways in making the most of themselves financially. It is an easy read and a book to share. |
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