Read Rich Dad's Guide to Investing: What the Rich Invest in That the Poor and Middle Class Do Not! by Robert T. Kiyosaki Sharon L. Lechter Online


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 thPersonal 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 people become wealthier by presenting some simple investing secrets and explaining how anyone can enjoy cash benefits merely by knowing where and how best to invest their money....

Title : Rich Dad's Guide to Investing: What the Rich Invest in That the Poor and Middle Class Do Not!
Author :
Rating :
ISBN : 9780446677462
Format Type : Paperback
Number of Pages : 384 Pages
Status : Available For Download
Last checked : 21 Minutes ago!

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

  • Chad Warner
    2019-03-31 18:56

    Like all Kiyosaki’s books that I’ve read so far (Rich Dad, Poor Dad, Cashflow Quadrant: Rich Dad's Guide to Financial Freedom, Rich Dad's Retire Young, Retire Rich), this one is more about developing the proper mental attitude to become rich, rather than a step-by-step handbook. He opens your eyes to the possibilities of obtaining wealth, gives a few general pointers, then leaves it up to you (and your financial team) to work out the details. His books are more strategic than operational, although there are operational tips sprinkled throughout.Kiyosaki says that average investors invest to obtain comfort and security, but the rich invest primarily to become rich, and secondarily for comfort and security. He advises that you take advantage of the legal benefits of business ownership, acquiring assets as a business to minimize taxes.The book’s subtitle promises to reveal what the rich invest in, that the poor and middle class do not. Kiyosaki says that average investors invest from the outside, through public stocks and mutual funds. He says that the real money is made by the rich when they invest from the inside: through businesses they start and then sell or take public, companies they invest in pre-IPO, and real estate. He also promotes hedges and "bear" investments to profit during market downturns, as well as traditional investments such as stocks and bonds. He strongly recommends that you assemble a financial team of lawyers, accountants, and financial advisers.Kiyosaki summarizes this book near the end:"In order to create a world of an abundance of money it does require a degree of creativity, a high standard of financial and business literacy, seeking opportunities rather than seeking more security, and to be more cooperative instead of competitive."The book is divided into 3 phases. Phase 1 explains 13 Investor Lessons. Phase 2 describes several types of investors of increasing sophistication. In Phase 3, Kiyosaki presents his fundamentals for building a strong business.If you’re looking for a book full of stock tips or real estate investing advice, this isn’t it. Instead, it contains general principles for starting and running a successful business, and advice on investing through that business.I liked Kiyosaki’s advice to be an investor first, regardless of your profession. His nontraditional view of expenses is also thought-provoking: he says that debt, expenses, and losses are good, powerful forms of leverage when used to generate cash flow.Investor LessonsLesson 1: Invest first to be rich, then to be comfortable and secure.Lesson 5: Plan to be rich, not poor. Plan for financial abundance, not scarcity. Expand your financial vocabulary to expand your financial reality.Lesson 6: Find a simple formula for getting rich and stick to it. Investing is a system; a dull, boring, almost mechanical process.Lesson 9: Investing for comfort and security takes money, and is passive. Investing to be rich requires time, and is active.Lesson 10: The real money comes from legal inside investing.Notes• To become rich, create assets rather than buying them. This is usually done by starting a business.• Profit during down markets with short selling, put options, and other hedges.• With earned income, you work for money and pay more taxes. With passive and portfolio income, your money works for you, and you pay fewer taxes.• Microcaps have the highest returns. Become an inside investor by starting a business, or taking a controlling interest in an existing one.• A business buys its assets with gross income, and pays taxes on net income. An individual/employee pays taxes on gross income, and buys assets with net income.• To reduce your taxes, you want high expenses and low income, not low expenses and high income.

  • Mustafa
    2019-03-31 18:53

    كتاب مفيد جدا وهو تتمة لكتاب الأب الغني والأب الفقير ، اعجبني كثيرا سرد الكاتب لحياته مع أبيه الغني والفقير ،، توجد في الكتاب الكثير من الارشادات الملهمة وابحار في عقلية الأغنياء والمستثمرينالكتاب من بدايته يصدمك ،، فدائما ما يقول الكاتب افكار تتناقض مع طريقة تفكير الغالبية.. ثم يقنعك بها عبر الكثير من الامثلةالكتاب يحفزك على التفكير ولا يعطيك نصائح مباشرة كما نتوقع

  • Peter
    2019-03-26 11:49

    Much like all of the Rich Dad Roor dad series, this book was good, but not necessarily great. For me, it's a bit too generic and conceptual, and not not quite specific enough. However, there's not too many great alterntives in my opinion so this is still a decent and valid read.The author does have a tendency to repeat himself in his books, as well as push/advertise for his various other products. I'm not a fan of purchasing a 200 page book and getting 10% advertising.All in all, while not perfect, it's still good, valid and a worthwhile read.

  • Shang Shang
    2019-03-28 17:34

    “Investing means different things to different people. In fact, there are different investments for the rich, poor, and middle class. Rich Dad’s Guide to Investing is a long-term guide for anyone who wants to become a rich investor and invest in what the rich invest in. As the title states, it is a ‘guide’ and offers no guarantees... only guidance.” - Robert Kiyosaki

  • Hanan
    2019-04-14 19:45

    كتاب رائع ومفيد وغني بالمعلومات. وأسلوب الكاتب شيق وممتع.اكتسبت الكثير من المعرفة والوعي عن أمور المال والإستثمار منه.أنصح بقراءته.

  • Tan Yi Han
    2019-04-09 16:34

    This is a book that aims to change our way of thinking about obtaining money.Robert Kiyosaki starts out by asking why 90% of the world's fortune lies in the hands of only 10% of the people. What makes this 10% so different that they can dominate the world's wealth?The main difference, he says, lies in the way we think. The poorer 90% believe in financial security through getting a stable job, working hard and squirrelling the money in the bank. Or if they do invest, they invest without the necessary knowledge and experience, merely relying on gut instinct or hearsay. Of course, they rarely succeed.In this age, those who work the most physically are paid the least and taxed the most. We all need to learn to make money mentally.Robert Kiyosaki's real dad (poor dad), was his real-life example of someone stuck in the "old" way of thinking. As a teacher, he believed in working hard and avoiding mistakes. He rose to a high position, but then he lost his job. His whole life was spent teaching, but now he had to start searching for another job and start from scratch.Robert's friend's dad (rich dad), on the other hand, started from nothing, made a lot of mistakes, but eventually build a financial empire. Rich dad then used his wealth to quietly help others, giving it back to society.So how do we become like rich dad?Firstly, you have to ask yourself whether you are prepared to be rich. Some people just want to be secure. Some want to be comfortable. To be secure or comfortable, Robert recommended relying on good financial advisors to help you come up with a financial plan. Talk to different financial advisors, and be clear on your goals, so they can help you better. Robert took a month to come back with a plan for financial security - a mechanical, automatic and boring plan. The plan for financial comfort was trickier - it took 4 months and Robert had to really think about what he wanted in a comfortable life.The really exciting part is to come up with a plan to be RICH. Yet, Robert recommends that a person had to have a plan for financial security and a plan for financial comfort in place, before pursuing a plan to be rich. Simply because pursuing a plan to be rich HAS risk, and so you'll need to know you have something to fall back on if you do fail.To be rich requires a lot of work. Although Robert briefly covers investment in real estate (passive income) and stocks/ bonds (portfolio income), in this book, Robert focuses on building a business. With a business, you can enjoy tax advantages, and eventually, people will pay YOU for stock, not the other way round. Building a business may seem like a lot of work, but so is being able to invest well in real estate or stocks. Robert teaches a lot of tips on how to reduce risk, but there is always going to be risk involved and a steep learning curve. Robert himself failed his first... and second businesses. But he kept learning and got the hang of it.For those who are just starting out, Robert suggests getting a job that can teach you useful skills eg. sales techniques/ communication skills, and then start a part-time business. Part of your income can serve as the capital for your business, and if your business fails, you can still fall back on your job.Read the book for more tips! Many of the details are relevant only to the American system, but the general idea is universal. It is certainly very helpful for me, and I seem to be walking in his footsteps inadvertently =)

  • Edgeton
    2019-03-21 14:47

    This book continues the RDPD tradition with discussions of financial literacy and investments. However, the book focuses more on the insider point of view: business develop and taking companies public. I just haven't found this information written in such an easy to read format. Even though I'm not yet at this stage in my investment life, I will keep this knowledge tucked away for future never know when you will need it. This entire series is not about 'how to' but rather about financial guidance and direction for the average person. Since I've started reading this series (not necessarily in order), I've been committed to increasing my finanical education and consistently investing as I find opportunities that make sense to me (based on my current level of knowledge and experience). The information in this book just moved me another step closer to my financial goals.

  • Alan
    2019-04-20 11:58

    "En la escuela, eres considerado inteligente si no cometes errores. En la calle eres inteligente sólo si cometes errores y aprendes de ellos"

  • Xuewei
    2019-04-03 15:48

    I've done a lot of self-reflection while reading this book. For the past 20 years, if I were to be very frank, i have been following my parents' advice closely, if not completely. Security and stability are what my parents expect from me. But deep inside, I know I must be more than that and I am forever grateful that i've read the series.There has been a fundamental paradigm shift in my mindset and the way I think. 1. Keep searching, keep learning and keep challenging old ideas.2. Learn to work hard mentally, not just physically.3. School smarts are impt but so are street smarts. In fact, dean's list doesn't seem to be as appealing as it used to be. (Not excited any more). I'm more interested in developing my entrepreneurial skills and of course achieving my personal life goals.4. Don't be average.5. Learn to possess all the investors' controls6. Appreciate,apply and master B-I TriangleI have a long way to go and it's probably a tough one. But I can see my future more clearly and I've never felt this excited about embarking a new journey.

  • Ryan Dobson
    2019-04-13 18:54

    Was not very impressed. The whole rich dad series feels cheap and full of fluff.

  • Omar Villafañe
    2019-03-27 11:52

    Please don't waste your money or time. More repetitive than a future ft drake song.

  • Tom Gonzalez
    2019-04-01 13:02

    This book opened my eyes to the double standard we allow to exist within America's exclusionary economy. Class separation exists though our ignorance to the true financial game being played by the wealthy population. In fact, the system is setup to inhibit any advances without insider knowledge. Without the (now seemingly remedial) information presented within, I would have continued my class defining trajectory into medical school, only to be further pigeon holed as a quasi-self employed physician struggling to operate within a socialistic corporate health care system. Like many of my potential colleagues residing in Kyosaki's "E" or "S" quadrants, I would have been caught in the rat race without the spring board benefits of corporate tax loop holes and Initial Public Offerings (IPO's) that by federal law, only exist to those in the "B" and "I" quadrants. Thank God for that information.This book should be a must read for ALL AMERICAN CITIZENS.The current education system is designed to maintain ignorance to the contents of this book. READ IT and TEACH OTHERS, ESPECIALLY YOUR CHILDREN.

  • Amer Ibric
    2019-04-08 19:56

    This book was a touching book. This book tells you the reality of life. This book tells a situation and tells the reader why it is either good or bad. This book has a persepective of a rich father and a poor father. This book shows how you can live good with a wealthy or poor family.This book has many connections. One conection that is in this book is a economic connection. This book is a type of book that you would remember about. This book tells everything that you need to know about your future life. This also tells you what will proboly happen witha kind of family you got.I gave this book 4 stars becasue I thought that it was helpful for the future life. This book helps the economic life in the future. I would recomened this book to people that want to be or already bussiness people. This book, for me got really boring at times.

  • Richard Stephenson
    2019-04-18 16:45

    Would recommend as a higher level, "get your mind in order before you jump right in" approach to investing. Seemed to pull some good chunks from his 1st two books (Rich Dad/Poor Dad & Cashflow Quadrant) but it did a good job of laying down a useful foundation. I felt like I could have got more out of this book, but the audiobook (running in the background at work)was not a great idea for this one.Buy or borrow the book and give it your full attention if you want to get more out of this work.

  • Richard Kuhn
    2019-04-13 14:58

    This book is the second I've read in the Rich Dad series. I found this one to be just as informative, if not more so than the first book in the series. The author takes you on a journey in understanding what true investments are and how they benefit you. This is not a book on the stock market strategy or stock tips. This book encompasses all investments and I recommend it for anyone.

  • Matt Perrone
    2019-04-14 18:48

    After his first book, I think he just started publishing things to get more money. This was pretty basic stuff.

  • Brian
    2019-04-12 18:41

    There is no meat to this book. Kiyosaki is a fraud.

  • Hesham
    2019-04-11 19:45

    غير مفيد ومكرر بشكل ممل

  • Julius Beck
    2019-04-21 14:51

    The book is not written terribly well (Robert admits that himself). It could have been have the length and contain the same amount of useful information. Nonetheless, the book was somewhat I opening to me in regards to the financial world out there, which is pretty unknown to me. It has certainly inspired me to find out more and question the old idea that a stable job in life is such a good thing.

  • Carbon
    2019-04-15 14:42

    I hated reading this book. Why I didn't just stop reading it, I don't know. As much as this book was easy to read, a "Guide to Investing" it is not. It should be changed to "A guide to becoming a business owner".That's not why I got the sudden urge to fling this book across my room though. It's because every chapter is written as if it should be the first chapter. Never in my life have I read "This chapter will teach you..." or some variation of that phrase so many times as I have with this book.To be honest, I feel like this book was mostly an advertising scheme. Almost half way through the book he starts talking about the board games he made and keeps mentioning them till the end. The books last few pages is just adds for the games.Another thing I don't like is that he does not go into detail about investing. In fact, it feels like at some point in the book he realized that he wasn't talking about investing and gave a description of the different type of investors but then went back to how to become a business owner. The only thing he says about investing is that you should have a broker. And that is not a spoiler, believe me.Either way, the book was interesting but I wanted to learn about investing and this books only accomplishment for me was passing the time for a very slow shift at work.

  • Bethany
    2019-04-19 11:47

    I thought it was a really good book on financial perspective. It helped me to understand what my thoughts and opinions are on money and how they were formed by my parents. More importantly, it opened my eyes to new way of thinking about money. The book promotes investing by way of creating and buying assets through starting and managing businesses, which is not earning money from a job, but through passive and portfolio incomes. The premise is to create or buy assets that generate more assets independently. Furthermore, the book emphasizes financial literacy and recruiting the right players for your financial team. It reads almost like a novel through conversations between Rich Dad and the author. The author is very long winded and the book is a lot longer than it needs to be. There is a ton of repetition, but it's definitely worth the read if you want to take your financial future by the horns! A good starting off book, but you'll need to find the meat somewhere else.

  • Bari
    2019-03-21 16:47

    One of the worst books I wasted time on in a while. Literally the whole book is general sentences that are pretty much unless. You will find shit like "you will know you are financially smart when you know the difference between a good investment and a bad investment" you don't say!! Dumbass. This book is 99% repetition of things already mentioned in this book and previous books and 1% original content. I swear to go some sentences are repeated more than 50 times in just a 100 page. The lack of context is just frustrating.

  • Isaac
    2019-04-12 17:39

    I re-read this one since I found it for free at the library. It is a mixed bag. It surprised me at times how detailed it was, trying to get into the weeds with various investment types and tax ramifications. That was good. But it had the typical get rich quick snake oil smeared all over it, highlighting potential benefits and ignoring possible downsides. I fear all this book did was give people just enough information to really hurt themselves.

  • Ivan Bogdanov
    2019-04-08 15:34

    След прочитане на книгата в главата ми остана един важен въпрос "Аз получих добро образование, но дали получих правилното".Много полезна книжка за четене. Като цяло Койосаки се поватаря в книгите си, защото извън опита си като инвеститор няма какво толкова да каже, а избягва да споменава примери от собствената си дейност, но много умело мотивира да се замислиш как да промениш нещата около себе си.

  • Den Lightworker
    2019-04-20 16:00

    This is the last book I read from Kiyosaki. I got tired of all the generalizations. The book is a good read, but really, the grunt-work is left to the individual. Like most of Kiyosaki books, it's more of a what you SHOULD do rather than what you CAN do. The rest is left up to the reader to decipher and learn about themselves.

  • Angela
    2019-03-29 15:36

    The concepts were common sense and the book told me nothing I didn't already know. I heard this guy made up his "rich dad" and that people have tried searching for his existence but couldn't find the "rich dad" anywhere. Makes me question the credibility and authenticity of this book and all the other books he has authored.

  • Kiminmiki
    2019-04-20 13:02

    This book sets you thinking, about working hard vs working smart. The old notions of working hard to get rich is no longer relevant. Inspiring for a first read. Rather lengthy though, could be better summarized for better flow.

  • Michael
    2019-04-08 14:50

    great idea! invest in bigger things than the average investor. i like Rich Dad, but this just repeats alot and keeps saying "dont be average" and "the rich think differently" and never really lets you in on the secret.

  • Lelyana
    2019-04-04 18:00

    Beli ini waktu masih jadi fans nya RK. Sayangnya banyak yang gak bisa di praktekin di Indonesia.

  • Nick
    2019-03-27 15:54

    Great tips on investing but he tends to repeat the same three stories/conversations every five pages. The book was also too much of an infomercial for some of his other products.