Rich Dad's Guide to Investing: What the Rich Invest in That the Poor and Middle Class Do Not!

by Lechter Sharon L., Robert T. Kiyosaki, Sharon L. Lechter

Book Overview

Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - two fathers. One father (Robert's real father) was a highly educated man but fiscally poor. The other was the father of Robert's best friend - that dad was a college drop-out who became a self-made multi-millionaire. In this follow-up to the bestselling Rich Dad, Poor Dad, he reveals the secret of how the wealthiest...

• Format: Paperback
• Language: English
• ISBN: 0446677469
• ISBN13: 9780446677462
• Release Date: January 2000
• Publisher: Warner Books (NY)
• Length: 384 Pages
• Weight: 1.16 lbs.
• Dimensions: 1.1" x 6.1" x 9.1"

Customer Reviews

Book

Arrived on time as described

Some good points for beginners

If you know a little about investing, don't bother with this book. It takes a very long time to say very little. I may be overly critical here but I read over half way through before he started talking about future P/E ratios....something that he could have introduced in the first chapter. He does a good job explaining why the rich have the upper hand in finding the best investments. Unfortunately the vast majority of us ARE average....the very thing he tells us not to be. While most of us realize that one must learn by making mistakes, Rich Dad seems to give little advice to those of us who have made a few mistakes and want to gain some better guidance moving forward. All in all, a bit of a tedious time waster.

I'll never doubt Kiyosaki ever again

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?

Better than the first two RD books

In this third of the of the RD/PD series Kiyosaki discusses investing. He shows how he went from a negative net worth to millions. He discusses the importance of having a plan. I like the fact that he emphasizes the importance of having a mission in your business. Kiyosaki also discusses the importance of having a safety net in your investment plan as a back up to the aggressive real estate, business and stock investing. Good book and the best of the three in my opinion.

Terrific Book

All of the books in the Rich Dad are excellent. I also suggest How to make nothing but money by DelDeotto,

One of the Best I Have Read

I've read close to 60 books on Personal Finance, Investing, and How-To-Be-Rich-types and this one is one of the best I have read. I have enjoyed Robert Kiyosaki's other books, but this one is the best, in my opinion, because he reviews many of his principles from his previous books just in case this may be the first of his books that you are reading.This is not a *HOW-TO* book on HOW to become wealthy or which steps to take to become wealthy. Like the author states, this book is about the INVESTOR, not specific strategies. To become truly wealthy you have to do two things. First, you NEED to change how you think, not just about money but about all areas of your life. Why go after riches if your marriage is in trouble or you don't spend enough time with your children? Secondly, you NEED to take different actions. If your last 5 years were miserable, then your next 5 years will be the same unless you DO something different. If at least 95% of the people in this country are not wealthy then you cannot do what 95% of people do. You have to do what the other 5% do; people WILL tell you you are crazy or what you are doing won't work. This happened to me and I am GLAD I did not listen to those people who still work at a job (I don't).Most people do not Incorporate, most people do not invest in mutual funds and stocks correctly (they buy high and sell low), most people do not know how to buy real estaste, and most people know little about taxes, accounting, and personal finance. If one book was to be written about all those subjects in a general sense, it would still be thousands of pages long. Robert's genius is that with his "Rich Dad/Poor Dad" metaphor, he gets the average reader to realize that it is not some magic formula or some great unattainable secret, but that it is our responsibility to go out and learn what the rich do and WHY they do it. I never thought I would read a book about the Investor that would have given me this many new ideas. A must have for those who want to get out of the "rat race."Beware the negative reviews regarding this book because they are written by people who "don't get it." You either "get it or you don't." Reviews written by people who have not read the book and have not been there are a waste of your time. Like I said, I've been there, I own and have read this book twice already. People WILL put you down in obvious or subtle ways if you go for your dreams. Don't listen to the 95%, listen to the 5% that have made it.Good luck and may all your dreams come true.

A must for those who want to be Financially Independent

This book continues from where Kiyosaki left off in Cashflow Quadrant, his 2nd book in the trilogy (now complete with Rich Dad's Guide to Investing).In his 1st book Rich Dad Poor Dad, Kiyosaki addressed the differences in mindsets between the Rich and the Poor. Then, in his 2nd book Cashflow Quadrant, he spoke on the 4 quadrants from which one can generate income. To be wealthy, Kiyosaki recommended that we learn to generate our incomes from the "B" (Business-owner) and "I" (Investor) quadrant as opposed to the "E" (Employee) and "S" (Self-employed) quadrant.In his 3rd book Rich Dad's Guide to Investing, Kiyosaki tells how he got started in his investment journey, starting with nothing, and in fact at one stage, with a negative net worth. Most of us, having read his first 2 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.This is not a book for those who want hot tips and quick fixes. This is a book on mindsets. Kiyosaki plants ideas and provides a road-map. The reader must take the first step and learn to navigate his/her own journey.What I like about this book, is Kiyosaki's concept of being an Ultimate Investor, a "selling-investor". The Ultimate Investor creates deals and businesses that the public hunger for and are willing to pay a premium to acquire a share of. With the internet, it has never been easier to create businesses and deals which one can take public.As in all his other books, Kiyosaki's book is worth reading again and again. I would also recommend that one reads Robert Allen's Multiple Streams of Income in conjunction with Kiyosaki's Rich Dad's Guide to Investing.