Rich Dad's Guide to Investing: What the Rich Invest In That the Poor and Middle Class Do Not! Audible Audiobook – Unabridged
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Investing means different things to different people… and there is a huge difference between passive investing and becoming an active, engaged investor. Rich Dad’s Guide to Investing, one of the three core titles in the Rich Dad Series, covers the basic rules of investing, how to reduce your investment risk, how to convert your earned income into passive income… plus Rich Dad’s 10 Investor Controls.
The Rich Dad philosophy makes a key distinction between managing your money and growing it… and understanding key principles of investing is the first step toward creating and growing wealth. This book delivers guidance, not guarantees, to help anyone begin the process of becoming an active investor on the road to financial freedom.
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|Listening Length||14 hours and 27 minutes|
|Author||Robert T. Kiyosaki|
|Whispersync for Voice||Ready|
|Audible.com Release Date||January 01, 2012|
|Best Sellers Rank|| #1,750 in Audible Books & Originals (See Top 100 in Audible Books & Originals) |
#11 in Investing & Trading
#30 in Personal Finance (Audible Books & Originals)
#85 in Introduction to Investing
Reviewed in the United States on September 19, 2020
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Top reviews from the United States
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First off, I've been studying money books for almost two years. Most of them were for the middle class which told you to play it safe and diversify. Answers were little and fear was great. Basically, if you had a lot of time, you could at least retire adequately from those books.
So then I found RK last May and what a change! This was exactly what I was looking for: not people who couldn't walk the talk but people who had done it and done it well. Understand that RK and his wife lost most of their money and had to live with a friend (it's in their second or third book) but there's no shame in this per se as some people feel. This guy is basically telling you about his mistakes, at the risk of being attacked, and letting you avoid them.
I've played CASHFLOW 101 about 30 times and moved on to 202 and have played it about a dozen times now. THe group I am with is positive and training their minds to see the invisible. One guy has already started to do r/e deals in Calif and while he is still looking around in a tough market like the Bay Area, he's moving along.
RK's books are really about opening your mind to the possibilities as cliche' as it sounds. Once you decide to specialize in a particular investment vehicle (i.e. real estate, MLMS, stocks, etc), you will need to get the information from other sources.
In RDGTI, RK covers how he got started in investing. Now, some of this information will be out of your league unless you want to become a big time rich person but the most important thing is learning how he thinks. When you know he thinks, that will help you even more so in your future investments.
The important things RK's books do is give you smidgens of various fin. vehicles and, more importantly, teaches you to believe that the possibilities are out there.
Let me stress that again: the possibilities ARE out there. The problem is: most Americans have trained their mind to believe there are very few and they cannot get them so they repeat this vicious circle. That's the biggest problem I've noticed since training my mind and learning.
You've got to believe and you have to start seeing the possibilities: or, seeing the invisible as RK calls it. Once you start doing that, you're on your way.
After this book, check out his audio casette series RICH DAD'S GUIDE TO FINANCIAL LITERACY (advanced) or YOUR FIRST STEPS. You can also check him out at RICHDAD.COM . . .or, you can get these items for less at ebay or your public library or half.com
The important thing isn't so much as where you get it but that you use it, learn it and apply it.
REVISION NOTE AS OF 09/05/03: I am at a loss for words as to why the RK books are getting slammed on Amazon. These are the books I started with two years ago, which inspired me to be more and never work a day job again. Since then, I won't say I haven't lost money but I've made more money and things are only looking up. Additionally, I've gotten involved with a group of other investors, who were all inspired by those books. In fact, if it wasn't for the RK books, I and my other colleagues wouldn't be on our ways to financial freedom.
So, when people slam RK and tell me it doesn't work, I just shake my head and realize that these are people who are living in their delussions. Everyday I'm surrounded by people who have accepted their financial cages and think things are too good to be true. Until they change their perceptions of abundance and money, they will forever be constricted.
I used to think like that and had a dead end day job. Now, I'm making more than ever and, in less than five years, I plan to be financially free.
Good luck to those who keep an open mind.
For that same reason, the first half of the book can seem to be simply repeating the previous books' lessons, such as the cash flow quadrants, the true differences between assets and liabilities, the rich dad vs. poor dad stories; however, the second half of the book went into the extreme details of how to intelligently invest (e.g. how to calculate financial ratios to value a business and an investment opportunity, how to effectively operate your own business, or how to create passive income streams from investment).
You need to be patient when reading this book, especially if you have read the first two books in the serie. You will be able to gain a lot of new knowledge if you keep your mind opened and curious to learn. While I agree with some other negative comments that the book can be much more concise, I personally believe that the repetition of some critical lessons really help them stay much longer and deeper in my head. This book is thick and contains lots of financial advices, so I highly recommend it to people who have been following this serie and are debating if this book is worth it.
No, Robert will not give you the exact answers on which specific stocks to buy or what locations to build a house on. This book is not about that, and it should NOT be. Your investment portfolio should be built on the foundation of your financial needs and vision, not others' vision for your financial needs. Instead, Robert gave you rock-solid knowledge and foundation on financial literacy and investments so that you can build your OWN investment and business empire. Go for it, read this book, finish the serie, absorb the knowledge, and you will become a much better version of yourself. That is exactly what I have been able to get out from this serie, and I hope you will, too. Again, I highly recommend this book.
Top reviews from other countries
Yes, the first half or so of this has already been covered in Rich Dad, Poor Dad and Cashflow Quadrant - but the second half of the book covers key concepts in financial literacy; such as what to look for and analyse in financial statements.
Das finde ich gut:
- einfach geschriebenes Englisch, so dass es auch nicht Muttersprachler verstehen (B2 Niveau ist ausreichend, um es flüssig lesen zu können)
- Typisches US-Taschenbuchformat, d.h. trotz 600 Seiten super handliches Buch
- Kiyosaki untermauert seine Thesen mit netten Anekdoten
- Es wird viel Basis und auch fortgeschrittenes Wissen über das Investieren und das Investitionen schaffen vermittelt. Es geht dabei hauptsächlich um die mentale Haltung, als um konkrete Investitionen
- Es wird wieder sehr deutlich und toll erklärt, wieso Kiyosaki den Cashflow für das A und O bei einer Investition hält.
- Englische Version deutlich günstiger mit 5,99 bzw 6,99 (deutsche 29,99)
Nicht gefallen hat mir:
- Kiyosaki wiederholt sich einfach viel zu viel. Es ist mir bereits aus seinen vorherigen Büchern bekannt und auch hier übertreibt er es mit unzähligen Wiederholungen, ja eher Vervielfachungen gar, was ich auf Dauer störend finde.
Alles in allem ist es dennoch ein sehr gelungenes und lesenswertes Buch und sollte von jedem Investor oder auch von dem der es werden möchte gelesen werden.
Ich hoffe ich konnte Ihnen mit meiner Rezension weiterhelfen und würde mich über eine positive Bewertung freuen.
A one paragraph point is made a chapter long...
And every now and then authers training courses and other products are mentioned, so you are in a loop from one book to another and from one product to other.
I think the auther need to take the rubish out, and sell this as a small 100 page book, will make more sense.
He introduced concepts like the importance of having a financial plan and financial education. However, this information is already available in the miriad of self help books out there. I felt that all the worthwhile information in this book could have been condensed into 100 pages instead of 469 pages.