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Rich Dad's Who Took My Money? : Why Slow Investors Lose and Fast Money Wins!

Rich Dad's Who Took My Money? : Why Slow Investors Lose and Fast Money Wins!

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

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Rating: 1 stars
Summary: 20% is useful
Review: Like most financial books I expected some motivational aspects, and some informational aspects. This book is overloaded on motivational fluff and too little information.

I gave it one star because I felt you only got 20% of what you paid for. 70% motivational, 10% promotional (buy my other books), and 20% informational.

Save your money. You can get all you need by reading "Part 2" of the book (no where near half the book--90 pages maybe) at the bookstore. Even that does not provide specifics. He does bring up some interesting points, but he brings them up over and over and over. If you read all positive reviews here you've read 20% of the book--lots of repetitive stats.

Rating: 5 stars
Summary: Not intended for investors, this book is intended for
Review: People who want to make money with their money. People who want to make their money work as hard for them as they work for it.

Investors typically take their money and park it somewhere. That is what is left after taxes and after paying fees and commissions for basically worthless advice.

Investors put their money in a 401 (k) plan and have no earthly idea what their best choices are. All they know is that their emplyer will match them x $$$ and after a certain amount of time they will be vested.

Charles Givens said it best many years ago; "To be successful you have to take control. Nobody will ever watch your money as well as will."

You also need to get powerful rates of return. Nothing less than 20%-30% per year should satisfy you. If you are earning less than 10% per year (as most are, and many are not even earning that) you are a saver and in America, savers die broke and embarrassed.

In this new and excellent book, Kiyosaki presents the question:

"Can you turn $10,000 into $10 million?"

ANSWER: Yes...and even more if you want.

Over the last three years if you followed conventional advice your $10,000 probably turned into %5,000 (if you were lucky) and if you invested for "the long term" into stocks like Compaq, Lucent or even worse, Enron, you may have very little if anything left.

Since the year 2000, with the Clinton Bear Market an estimated $7 to $10 trillion dollars was lost by millions of investors. People who parked their money in their advisors bank account. RTK shows you in Who Took My Money how you can keep your money moving, prosper in the next bull market, know what to do before the next crash, rather than make your advisor, planner, brokers rich and keep your money parked in their accounts.

WARNING: Most financial advisors will NOT want you to read this book and in fact they will tell you the exact opposite of the advice that is in here. QUESTION: How much money have those people made for you? Read this book and find out why those people don't want you to read this.

Over the last three years, savvy investors have made money while others have lost. The secret is knowledge. EVERY economy has at least one best investment. The best investment last year could very well be the worst investment this year. You cannot "park" your money and hold on and expect to make powerful rates of return.

Who Took My Money is an OUTSTANDING book and a must read for anyone who truly wants to make the most of their money.

Rating: 3 stars
Summary: Not a bad next step for the "Rich Dad" books
Review: The good news is that this book is the next progression in the Rich Dad series. There are key elements discussed in how to move beyond the "average investing" that simple financial planners promote.

If you listen to any financial planner, you'll have to work hard until age 70, and if you have "invested wisely", your income will only drop by 30% until you die. In sharp contrast, Kiyosaki lays a plan for you to build passive income so that you can retire as soon as possible.

The problem with this book (and all the others written by Robert), is that 1) He gets easily distracted by off-point stories and points. 2) He repeats far too much of his prior material that isn't necessary. 3) After all this fluff, the last part of the book is the most important and has the fewest details.

A few good points are 1) The worst investments are the easiest to buy, and go to lazy/impatient investors. 2) Risky investments can only be made by uneducated investors. 3) The most important question to ask of an investment sales proposal is "will you guarantee it"? And 4) The difference between a wreckless gambler and a successful investor is = capital gains (gambler - easy to do) vs. cashflow (investor - hard to do).

Rating: 1 stars
Summary: Blah Blah Blah...
Review: The title of my review is Blah Blah Blah because that is all that is in the book. Nothing of substance, Nothing material. Just some inane chattering and truisms, what a waste...

However I am going to keep the book in the latrine just in case. The just in case part being just in case I run out of paper on the roll...

Rating: 3 stars
Summary: Kiyosaki Advances More Concepts
Review: This book was great. So many of the other kept repeating the same thing but this one had quite a few new things to say. Very motivating and gives some tips, tools and ideas. I really liked the part about Capital Gains (ie. investing in stocks) vs. Cash Flow (rental properties and business). I also like the game analogy and what quarter are you in.

Probably one of my only complaints about his books is he makes everything sound SOOOOO easy! Now I realize if it were easy everyone would be doing it, which is why everyone isn't. This book will help you figure how you can be wealthy. Kiyosaki also went into some pros and cons of the various asset classes (business (the hardest of all), real estate and paper (stocks - the easiest).

All in all a good book and an easy read. Worth your time.

Rating: 4 stars
Summary: The best book after Cash Flow
Review: This book was great. So many of the other kept repeating the same thing but this one had quite a few new things to say. Very motivating and gives some tips, tools and ideas. I really liked the part about Capital Gains (ie. investing in stocks) vs. Cash Flow (rental properties and business). I also like the game analogy and what quarter are you in.

Probably one of my only complaints about his books is he makes everything sound SOOOOO easy! Now I realize if it were easy everyone would be doing it, which is why everyone isn't. This book will help you figure how you can be wealthy. Kiyosaki also went into some pros and cons of the various asset classes (business (the hardest of all), real estate and paper (stocks - the easiest).

All in all a good book and an easy read. Worth your time.


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