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Rich Dad Guide to Investing Abridged

Rich Dad Guide to Investing Abridged

List Price: $24.98
Your Price: $16.49
Product Info Reviews

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Rating: 5 stars
Summary: An approach .... that works!
Review: This book represents a profound mindshift.

There is nothing new here, and yet it is all new.

Like his other works, this one 'continues the saga' as he makes an accurate and therefore excruciatingly painful case for 1. Realizing the importance of financial education, 2. Understanding how the rich think about money, and 3. Accepting (and implementing) the simple but profound paradigm shift needed to achieve financial freedom.

But here Kiyosaki goes into detail about a concept and stategies which were only mentioned briefly in earlier works---investing like the rich...read 'how the rich manufacture money.'

His first book presented his startling mindshift, almost in parable form without a lot of detail.

His second work expounded on the dynamics of cashflow.

This latest work is an in depth treatment of the ways in which the rich---and by extrapolation you and me, if we employ the same devices---can go about creating money out of thin air. It is truly thought provoking.

Many books (about success and/or money) are written by someone, who themselves apears to be aspiring to make money by writing books. They are often people who really don't seem to know much more than you or me, or whose works are full of untested platitudes or which require skills so specialized that the rest of us are all but left out. All we can do is look on in awe. Few books are really written by one of the masters, revealing his/her secrets. This is one.

Some have criticized Kiyosaki's works for being wordy. They misunderstand him. It is a layering approach---looking at the same diamond from many many different angles, layering one level of depth on the next---because the really profound truths cannot be grasped on the first go 'round in the snappy style of newspaper copy.

The riddle is clear, while brevity confusing. What's clearly articulated is easily brushed over. "Sure, sure" we say, and rush on thinking we understand, when we really don't. The riddle, on the otherhand, causes us to stop and ponder.

So, if you buy no other book this year or next, this should be the one.

Rating: 5 stars
Summary: An approach .... that works!
Review: This book represents a proufound mindshift.

There is nothing new here, and yet it is all new.

Like his other works, this one 'continues the saga' as he makes an accurate and therefore excruciatingly painful case for 1. Realizing the importance of financial education, 2. Understanding how the rich think about money, and 3. Accepting (and implementing) the simple but profound paradigm shift needed to achieve financial freedom.

But here Kiyosaki goes into detail about a concept and stategies which were only mentioned briefly in earlier works---investing like the rich...read 'how the rich manufacture money.'

His first book presented his startling mindshift, almost in parable form without a lot of detail.

His second work expounded on the dynamics of cashflow.

This latest work is an in depth treatment of the ways in which the rich---and by extrapolation you and me, if we employ the same devices---can go about creating money out of thin air. It is truly thought provoking.

Many books (about success and/or money) are written by someone, who themselves apears to be aspiring to make money by writing books. They are often people who really don't seem to know much more than you or me, or whose works are full of untested platitudes or which require skills so specialized that the rest of us are all but left out. All we can do is look on in awe. Few books are really written by one of the masters, revealing his/her secrets. This is one.

Some have criticized Kiyosaki's works for being wordy. They misunderstand him. It is the layering approach to teaching. That is looking at the same diamond from many many different angles, layering one level of depth on the next, because the really profound truths cannot be grasped on the first go 'round in the snappy style of newspaper copy.

The riddle is clear, while brevity confusing. What's clearly articulated is easily brushed over. "Sure, sure" we say, and rush on thinking we understand, when we really don't. The riddle, on the otherhand, causes us to stop and ponder.

So, if you buy no other book this year or next, this should be the one.

Rating: 5 stars
Summary: An excellent conclusion to a great series of books!
Review: WELL DONE! This is how I would describe RDPD #3. This book reads swiftly and covers all the bases. It is not meant to give specific advice on what stocks to invest in since the author does not actively invest in the Market, rather it instructs you in what you should be learning to make better investing decisions. After reading this book you will be prepared to chart a course to wealth. This book is like a map to wealth and just like a map, after you read it you have to go out and FOLLOW directions.

In short, this book is a primer for investment self-education. It encourages the reader to increase one's financial education and details the road to take. It does not profess that the road is easy or without pitfalls (One chapter is on why the rich go broke) but it will put you on the road to wealth, which starts with education.

One reviewer said that it advertised more expensive courses on his web site. Interesting, since he does not have courses for purchase on his site. This is not Carlton Sheets! Also he does refer to his board game and other resources (tapes) but he has fewer than 10 references to them in a 400 page book. He also recommends others books just as much as his own. Hardly a sales pitch. Rather he encourages the reader to educate themselves, find a mentor if possible and get to work PLANNING for wealth! Dynamite Book.

Rating: 4 stars
Summary: Excellent perspectives to adopt to attain wealth.
Review: Rich Dad's guide to Investing is mainly a repeat of his first two best selling books : Rich Dad/Poor Dad and Cashflow Quadrant.

The entire book is told in the style of a novel about the authors journey to be rich. The book was highly abstract and make you exited all the way until the very end about going about attaining wealth. However, at the end of the book, you're left with nothing of substance and you're bombarded by more advertisements of his products and I can't help but think to myself, 'THIS is how to be rich.'...ie. selling products about building wealth.

I read this book in about 3 days because it's light reading and you can skim 90% of it since it's filled with things like "I put down my cup of coffee. Looked into the sunset and asked rich dad how he made his wealth." So, obviously, theres LOTS of filler material and very little NEW information than from what was covered in his earlier books.

The reason this review seems so bad but I give him 4 stars is because the book is simply entertaining to read and despite it having only a couple of good points throughout the entire 400 page span of things, those points are worth a LOT and despite the abstract and theoretical nature of this book, it's still an excellent book since it's hard to do anything in practical reality without having a sound base of theory and philosophy underlying it.

The book mainly focuses upon building your own buisness, and having a million dollar net worth to invest in the "good investments" because of SEC regulations, and don't work for anyone else if you want to build true amounts of wealth (ie. millions).

This is definitely the best of his books AND a good book, but theres no reason to read more than one of his books because they're all repeats (and many times repeats within the same book).

Email comments definitely welcome!

Rating: 4 stars
Summary: once again "wake up america"
Review: First of all, this book is not the authors third book. It's his fourth. Now the review begins. As one reviever mentioned, if you haven't read RDPD and Cashflow, don't read this book YET. As this is a story of his upbringing mentoring about achieving success (and this book is the third in a series). Now I found the book very stimulating in regards to the different investment choices of what rich people invest in and WHY (rich don't invest in what the poor do or the other investors-those who read Money magazine and the like) I truley believe this book is desgined for someone who has switched quadrants and this is particular book is for the business owner/system person getting ready to make thier move to the investor quadrant. IF you are looking for the book to give you answers on information for buying/selling or picking stocks then read John Sestinas newest book for he is the man on that subject matter/financial planning. If you are looking for basic principles and ideologies then read this again after reading RDPD and Cashflow. Sure is incredible how Rich can remember so many things his "rich" dad said... Still the books is great and worth the price.

Rating: 5 stars
Summary: Oh no, not another Rich Dad book!
Review: I was looking forward to this one months ago, and then I lost interest. When I saw it in the store I bought it out of habit and curiosity. I did not think I was in the Kiyosaki space anymore. After ten pages I remembered why I like reading this man's books: he is a captivating and informing teacher. In fact, he is one of my favorite financial advisors on text. This third installment in the trilogy is much the same in flavor as the first two, written in an easy style that moves along quickly. The concepts are reinforcing. the book reminds us what it feels like to be focussed on financial objectives, to distance ourselves from the hairiness of volatility. I am only half way through but will be done soon and already I babble about what I am learning to all my friends. I get more excited about Kiyosaki's concepts than I do about many of the books that I read, and I am excited about the education that is open to me, and the directions I am moving in because of his books. I strongly recommend this book to anyone who likes to get excited about financial planning, about thinking and growing rich. It is an inspiring read.

Rating: 4 stars
Summary: THE MONETIZATION OF PLEASURE
Review: Once man believed he could make his own pleasures; now he believes he must pay for them. As if flowers no longer grew in fields and gardens: but only in florists' shops. Well, here's a florist's bouquet: a book that propounds the pleasure of monetization! The inability of people to conceive of pleasure except as being in some way connected with getting and spending is confirmed by reviews appearing on this page... The invisible patina on an object is now its value, not its true intrinsic beauty. An experience is now something that has to be possessed as an object bought can be possessed; and even other human beings, husbands, wives, mistresses, lovers, children, friends, come to be possessed or unpossessed objects associated with values derived more from the world of money than from the world of humanity. So, recognize your monetized brain by understanding its mechanisms through this clear work on practical capitalism. Enjoy the pleasure: you're paying for it!

Rating: 3 stars
Summary: Not as good as his first two in the Rich Dad series.
Review: Being a big fan of Rich Dad Poor Dad and Cashflow Quadrant, I was dying to read this book. Perhaps my expectations were too high, because I didn't like this book as much as the first two. There are some good nuggets of information in here, but it's not the life changing stuff that was Rich Dad Poor Dad and Cashflow Quadrant. I also felt like this book spent way too much time trying to sell the more expensive courses that are on his website. To me, this book is not for the people that are trying to make the transition from the E and S Quadrant to the B and I. It is for the people already in B and I that are trying to improve their skills there.

Rating: 5 stars
Summary: A truly remarkable book
Review: First of all, if you haven't yet read "Rich Dad Poor Dad" (RDPD) and "Cash Flow Quadrant" (CFQ) by the same author, do not buy or read this book until you do. If you are daring, buy all three at once. The bottom line is this: if you liked RDPD and/or CFQ you'll like this book. If you didn't like either one, then you won't like this new book either.

The tone of this book is very similar to RDPD in that it focuses on the infamous "Rich Dad." The difference is that this book is much more in depth. In fact, this book is monumental in length and information. It took me 3 days to get through all 400 pages of it. I was going to summarize each chapter, but there's 42 of them.

I would classify this is an advanced RDPD type book. A word of caution. This book meanders at times, and sometimes I got lost in all the stories waiting for the point to be made. The book makes its points in stories which is fine, but the author has a way of dragging them on and not really making the point so obvious. Alas, there's the beauty of it. It requires the reader to think. In fact, I plan to read it at least twice more in the next month or two. There's just too much information to absorb in one reading.

This book, like its predecessors, is not a "how to" book on getting rich. There's no magic formulas in here. You won't find a list of stocks to buy. In fact, you won't find any specific investment advice other than encouraging you to consult with professional advisers which is a little frustrating because I was hoping for a little hand holding. Considering this book is less than 20 bucks, what would one expect? If you're looking for specific methods, buy a book on stock picking. Certainly over your working life with a regular savings plan you can accumulate a lot of money through stocks. This book is about building a solid foundation, not about "how to" do it.

I found the early chapters to be very basic, but very, very good. His coverage of having a financial plan made me think long and hard. It's not about the investment product, it's the ultimate goal that matters. How many people have a financial plan? I didn't, and now I'm working on one thanks to this book. He also mentions something about three levels of financial planning, namely (1) security (2) comfort (3) rich. It took me a while to "get it," but I got it all right. Too many of us don't want to know anything about money, don't want a strong financial foundation, we just want to be rich. You've got to go through the steps.

As for quotes from the book, so far, these 2 are my favorites: "The key to success is laziness" [as opposed to "hard work"] and "For years, I grumbled and complained that school never taught me anything about money, business or becoming rich. I often wondered why they did not teach subjects I could use once I left school rather than teach subjects I knew I would never use."

I'm giving this book 5 stars as I have given his previous books the same rating. This really is a remarkable book. It is long, and I found myself getting impatient at times, but after reading it all the way through, I find myself planning to read it again. There's a wealth of information in here. Some of it sounds repetitive, but that's the way we learn. I would advise anyone buying this book to sit down after reading it and start making a financial plan for your life. Be patient with this book and after reading it through, read it again and take notes, and by all means take action. As always, email me with your thoughts and questions. I'm interested to hear other's reactions.

Rating: 5 stars
Summary: Rich Dad's Guide To Investing
Review: If you want a miracle cure for your finances go buy a lottery ticket. If however, you want to make meaningful change in your life; if you want to know how wealthy people think; if you are looking for something you can take to heart; if you are looking for a direction that will wind up with wealth, BUY THIS BOOK AND TAKE IT TO HEART. You must be willing to change your attitude. If that's not too much to ask, this book will point you in the right direction. I suggest you read EVERYTHING Kiyosaki prints. It has worked for me because I took what he said to heart and began to change MYSELF.

There's a ton of truth to the old adage that if you want to do something, find someone who has already done it and be just like them. Learn to think like they think. Then, do what they do. The MOST important first step is learning to change your thinking.

Kiyosaki explains EXACTLY how you need to think. It has worked for me very well; well enough to bother to sit down and write this, but it has ONLY helped me because I am trainable. I am willing to change. If you're not, go buy a lottery ticket instead.


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