The rich are different from the rest of us, if for no other reason than U.S. tax and securities laws allow them to invest in ways that keep us from catching up to them. That's why 90 percent of all corporate shares of stock are owned by 10 percent of the people. Kiyosaki believes it's possible for anyone to move up into that 10 percent, but it takes a different view of investing than most people have: it takes a plan to be a successful investor. And a plan is more than simply buying and selling, or collecting "assets" that bring in no cash and are thus more akin to liabilities. The way most people invest, "they might as well be pushing a wheelbarrow in a circle," he writes. A plan is "mechanical, automatic, and boring," a formula for success that has worked historically for most of those who've used it. Kiyosaki's "rich dad" (actually, the father of his best friend) tells him the simplest analogy is the game Monopoly: buy four green houses, trade them for one red hotel, and repeat until you become rich.

The overall message of Rich Dad's Guide to Investing is that this is an abundant world, full of opportunity for the sophisticated investor. However, it sometimes takes a while to find this point. Much of the book is told in dialogues between young Kiyosaki and his rich dad, and these conversations can ramble. There are rewards for the careful reader--for example, in the middle of a section on the basic rules of investing, Kiyosaki's rich dad compares investor education to toilet training: difficult at first but eventually automatic. But getting to these inspired metaphors means wading through a lot of repetitive dialogue. It's a bit ironic that someone who advocates investor discipline should show so little as a writer. But by the end of the book, even the rambling starts to make sense. By the hundredth time you read that the rich don't work for money, and that you don't need money to make money, both concepts start to make sense. It still looks difficult to apply these ideas, but Rich Dad's Guide to Investing certainly makes the case that they'll work for anyone bold and smart enough to practice them. --Lou Schuler


From AudioFile
Rich people have a different mindset about money and don't just invest passively in the stock market. They certainly don't work for other people. They control their money more intensely by starting businesses and buying real estate, and then managing their assets with tried-and-true business principles. More than a how-to audio, this program lays out the life and money decisions all individuals make, consciously or not, and provides just enough supporting details to make the issues crystal clear and provocative. Watch out if you have any ambition because these possibilities could change your life direction. T.W. © AudioFile 2001, Portland, Maine-- Copyright © AudioFile, Portland, Maine


Book Description
"The rich get richer. The poor get poorer. We've all heard that complaint many times before. But finally, that long-standing monetary tradition has been shattered, as Kiyosaki explains how even the smallest investor can start benefiting from the investing patterns of the richest folks. Robert Kiyosaki knows all this first hand. There was a time in the 1980's when he and his wife, Kim, were so cash poor that they were forced to sleep in their car. Today, however, the Kiyosakis are multi-millionaires, and are considered highly sophisticated investors. Based upon the four tenets of RICH DAD, POOR DAD (are you an employee, self-employed, business owner, or an investor?) the INVESTING GUIDE explains the nuts-and-bolts approach to understanding the real earning power of money, and how you can start cashing today. Along the way, Kiyosaki explains how he's invested his monies as his own wealth has grown over the years."


Download Description
'Rich Dad's Guide to Investing' follows the New York Times bestsellers 'Rich Dad, Poor Dad' and 'Rich Dad's CASHFLOW Quadrant'. Most of us know that the best investments never make it to market. This book discusses what the rich invest in that the poor and middle class do not. What follows is an insider's look into the world of investing, how the rich find the best investments, and how you can too. Robert Kiyosaki and Sharon Lechter show . . .· Rich Dad's basic rules of investing · How to reduce your investment risk · Rich Dad's 10 Investor Controls · How to convert your earned income into passive and portfolio income · How you can be the ultimate investor!


About the Author
"Born and raised in Hawaii, Robert T. Kiyosaki co-founded an international education company that operated in seven countries, teaching business to tens of thousands of graduates. Now retired, Robert does what he enjoys most...investing. Concerned about the growing gap between the haves and have nots, Robert created the board game CASHFLOW, which teaches the game of money, here before only known by the rich. Sharon L. Lechter is a wife and mother of three, CPA, consultant to the toy and publishing industries and business owner. As co-oauthor of RICH DAD, POOR DAD and THE CASHFLOW QUADRANT, she now focuses her efforts in helping to create educational tools for anyone interested in bettering their own financial education."

FROM THE PUBLISHER

The rich get richer. The poor get poorer.

Robert Kiyosaki reveals the secrets of how the wealthiest Americans become even wealthier, and how ALL Americans can learn how to benefit from some simple investing secrets -- merely by knowing where and how to invest their money.

We've all heard that plaint many times before. But finally, that long standing monetary tradition has been shattered, as Kiyosaki explains how even the smallest investor can start benefitting from the investing patterns of the richest folks.

Robert Kiyosaki knows all this first hand. There was a time in the 1980s when he and his wife, Kim, were so cash poor that they were forced to sleep in their car. Today, however, the Kiyosakis are multi-millionaires, and are considered highly sophisticated investors.

Based upon the four tenets of Rich Dad, Poor Dad (are you an employee, self-employed, business owner, or an investor?) the Investing Guide explains the nuts-and-bolts approach to understanding the real earning power of money, and how you can start cashing today. Along the way, Kiyosaki explains how he's invested his monies as his own wealth has grown over the years.

SYNOPSIS

Rich Dad's Guide to Investing follows the New York Times bestsellers Rich Dad, Poor Dad and Rich Dad's CASHFLOW Quadrant. Most of us know that the best investments never make it to market. This book discusses what the rich invest in that the poor and middle class do not.

FROM THE CRITICS

AudioFile