Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins!

by Robert T. Kiyosaki and Sharon L. Lechter

Book Overview

'Rich Dads Who Took My Money?' reveals how to speed up and maximise return on investments to achieve total financial independence.

• Format: Paperback
• Language: English
• ISBN: 0446691828
• ISBN13: 9780446691826
• Release Date: January 2004
• Publisher: Business Plus
• Length: 243 Pages
• Weight: 0.82 lbs.
• Dimensions: 0.9" x 6.1" x 9.1"

Customer Reviews

Possibly the Best of the Rich Dad books

This is the best Rich Dad book to date. The book is filled with priceless information that 90% of people in the U.S.(particularly baby-boomers) are clueless about today. Most Rich Dad fans will know that Kiyosaki's books tend to talk about the same general principles and don't touch on many new and groundbreaking concepts. This book, however, is the exception. I learned so many eye-opening things from this masterpiece. It has truly changed my life and the way I look at money. Do yourself a favor and BUY THIS BOOK.

One of the Best rich Dad Books

I thought the first rich Dad book was kind of hokey and didn't finish it. However, I was struck in a later book by Robert's story of standing on Waikiki beach in Hawaii during the mid-1960s as a young child and looking out onto the ocean and learning there that his best friend's dad just bought that beachfront property and wondering how that was so. I have been reading Robert's insights ever since. In this book, Kiyosaki deals with the aftermath of the stock market crash of the early 2000s and thoroughly explores common investing strategies. For once, Robert analyzes stock market investing without necessarily comparing it to real estate investing or business ownership. For example, there are better ways to invest in stocks than buying a broad based stock mutual fund and stuffing money in it for decades. There are many new insights Robert shares in this book and a number of new stories where Robert really drives his ideas home. For those who like the Rich Dad series, this is a must read.

WOW! I though he was losing his touch, based on....

...his last three books, BUT this was on the "money". "Who Took My Money" is Kiyosaki's best book by far since "Retire Young, Retire Rich". His last three books were good, but not like the top tier Rich Dad Books in my opinion (Rich Dad, Poor Dad; Cashflow Quadrant; Guide to Investing; Retire Young, Retire Rich and now Who Took My Money). I was starting to get soooo bored with his material, based on his last few books(Prophecy had a good subject, but I was going to sleep; Success Stories had too many real estate stories, but needed other business stories without real estate, and an options success story would have been nice too. I was happy for the individuals in the book, but wanted more; Guide to Becoming Rich was a great overview of the Rich Dad principles, but let's be honest people, it was a bit redundant), I went to the library first to check this book out, that way if it was disappointing, I would not have to slam it in a review. I like this book so much, that after I returned it to the library I decided to purchase my own copy for reference. The good thing is I was already moving in the right direction in terms of accelerating my money. This book clarifies that I am doing the right thing. It also reinforces what Kiyosaki has said for a long time: DO WHAT IS BEST FOR YOU! There are some Rich Dad followers (idiots in my opinion) who think everybody who reads the Rich Dad books, should immediately go into real estate, and that is not right. These individuals do not respect their fellow Rich Dad readers dreams, because they think they know everything. If someone wants to go into real estate good for them, but for me at this time, I am concentrating on creating my own businesses (other than real estate), options trading and intellectual property. I plan on investing in real estate in a few years. This is definitely a book people should check out and read, but read the first three Rich Dad books and "Retire Young, Retire Rich" first, before you read this one, you will be glad you did! For the simple fact it will prepare your mindset to accelerate your money!!!

Far better than financial planner advice

If you have been listening to typical financial planners over the last three years, then you were one of the millions that lost nearly $10 trillion! I don't know about you, but I don't like to lose money.Obviously the review written just ahead of mine was by a financial planner. Financial planners are just like brokers, that is, they cause you to become broker with their advice. The best financial planner you will ever have is the one who looks back at you in the mirror. If you give up your investments to financial planners, advisors, brokers etc. you will end up a financial loser.Robert Kiyosaki has once again written an excellent book with advice that really works. What these "investment people" always neglect to mention is that Kiyosaki's advice has been right on all along. He predicted the crash of 2000 in his earlier book Rich Dad's Guide To Investing. What were investment advisors, financial planners and brokers telling everybody to do? That's right "buy and hold", (more like buy and pray that your investments will someday get back to where they were 3-4 years ago) "diversify" (put your eggs in many baskets and have many baskets of crushed eggs), "dollar cost average" (more like average down) and so on.If you had listened to Kiyosaki as I did and many others, you would have been out of risky stocks and had your money in other equities that provided huge returns.Ifyou are a serious investor, then I highly recommend this book along with Rich Dad's Guide To Investing and Rich Dad's Prophecy. Kiyosaki and his Rich Dad have been right so far and I would bet on him continuing to be right again.Of course you could listen to a financial planner, advisor or broker and end up broker and perhaps join others and lose another $10 trillion.... again with their "professional" advice.Good book RTK. Keep em coming.

Just bought this one tonite

I knew this book was due to come out and was happy to see that my favorite book store had it already.So far, I have only been throught he first three chapters. Could hardly put it down.One Rich Dad quote really hit home with me:"The better your investment education, the better your investment advice will be."Another one is:"The primary reason that people fail financially is because they take advice from poor people or salespeople."To that I will only add, how true!