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Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! (Rich Dad's (Paperback)) Kindle Edition
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Copyright © American Library Association. All rights reserved --This text refers to an out of print or unavailable edition of this title.
- ASIN : B0175P7PRI
- Publisher : Plata Publishing; Reissue edition (September 18, 2015)
- Publication date : September 18, 2015
- Language : English
- File size : 7022 KB
- Text-to-Speech : Enabled
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Print length : 256 pages
- Lending : Not Enabled
- Best Sellers Rank: #124,360 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
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The one thing I can say is that his examples in his rich dad poor dad book was over exaggerated. This book has good examples about real estate and other things, but what he compares it to is unrealistic. One example is that he compares investing real estate to mutual funds and even thought he example was good, he compared a mutual fund that returned 5% a year. His example would have been more realistic if he would have compared it to a return of anywhere from 8-12%, but 5% is beyond exaggerated for an average mutual fund.
The one thing I really like about Robert is that he's about money that never ends coming in. One example say you bought a house for 100k that was worth 140k a lot of people would just sell the house to make the 40k profit and what for? While you could rent out that house for the rest of your life with a cash flow that will be way more than 40k. In 10 years you'll have way more than 40k in equity/appreciation and your cash flow will keep increasing. I guess its' the reason that he explains the rich think differently from the middle/poor class. The middle/poor class want the money right now without putting the money into another asset
Top reviews from other countries
In that sense it can get quite technical and sometimes makes for hard reading.
Instead of the easy to understand mantra we got from the first book, which showed in clear terms why a house (or other possession) may be considered a liability instead of an asset (reminder, if it costs you money, it's a liability, according to the book) you now get to understand how leveraging your business might supercharge the leverage in your real estate, which can then be cycled into the stock market for capital gains etc.
In other words, don't expect as breezy or interesting a reading experience as Rich Dad Poor Dad.
The real take away I got from this book was that the investor is far more of a risk than any actual investment. If your mindset is money orientated and you can grasp the details of a deal, you can take an under performing investment and turn it into something profitable.