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A review by inkerly
Rich Dad's Guide to Investing: What the Rich Invest in That the Poor and Middle Class Do Not! by Robert T. Kiyosaki, Sharon L. Lechter
3.0
Where do I start.
I've delayed this review for some time now, partly because there was so much information to process from reading this book, and partly out of laziness.
The Godfather of Modern Personal Finance Robert Kiyosaki hits home again with his third installment of the Rich Dad trilogy, "Rich Dad's Guide to Investing." If you were one of his enthusiastic readers of Books 1 and 2, you probably remember him saying that the four broad areas of expertise you need for financial intelligence:
1. Accounting
2. Marketing
3. Investing
4. Tax Law
So, the first book I picked up to polish my knowledge in point 3 was obviously this one. This was moreso a mental guide and not an actual economic one, but it helped me realize there were more facets to investing than I could have ever thought, with the help of his explaining the 7 levels of investors, the concept of the B-I pyramid for constructing a sound business model, and other bulleted points about how investors use tax laws to work in their favor.
Some favorites about the book:
The wealth of information about investing, and the common mistakes people make. It took me awhile to realize that things I'd presumed to be investing weren't actually in his mind, investing. Thank goodness I took the time to read this book. And I've definitely come to appreciate the nifty stories, and vivid pictures/graphics that come in his explanations about seemingly complicated subjects about investing. The only thing I'd advise is, never finish a book like this without taking notes! I personally used online notes to save the trouble, but self-made notes are the best!
Now, some gripes about this book.
Maybe it was because I'd already read his first two books, that this book felt like a rehashed, slightly dimmer version. 40% of this book is covered in long, rewinded phrases in the other two books, which made it that much easier for me to breeze through his stories and soundbites in 3 days. I also didn't appreciate the fact that this book was more of a listopia. One sect was basically a 7 step hierarchy, and just when you were done with the bullet-point talking--behold! 999 steps you need to make that will solidify your business, and blah blah blah. This book could've been chewed in half, and still be considerably TOO LONG, in my opinion. But hey, I gained a lot from it, so who's to complain?
3 out of 5 stars. My suggestion? This is the third and final book in this installment that you need to read. Kiyosaki writes every book as though his new reader has skipped the preceding books, so if you read them in the correct order, you'll be banging your head against your Kindle at the 7th book, but inwardly praising yourself for having read the first iconic book.
I've delayed this review for some time now, partly because there was so much information to process from reading this book, and partly out of laziness.
The Godfather of Modern Personal Finance Robert Kiyosaki hits home again with his third installment of the Rich Dad trilogy, "Rich Dad's Guide to Investing." If you were one of his enthusiastic readers of Books 1 and 2, you probably remember him saying that the four broad areas of expertise you need for financial intelligence:
1. Accounting
2. Marketing
3. Investing
4. Tax Law
So, the first book I picked up to polish my knowledge in point 3 was obviously this one. This was moreso a mental guide and not an actual economic one, but it helped me realize there were more facets to investing than I could have ever thought, with the help of his explaining the 7 levels of investors, the concept of the B-I pyramid for constructing a sound business model, and other bulleted points about how investors use tax laws to work in their favor.
Some favorites about the book:
The wealth of information about investing, and the common mistakes people make. It took me awhile to realize that things I'd presumed to be investing weren't actually in his mind, investing. Thank goodness I took the time to read this book. And I've definitely come to appreciate the nifty stories, and vivid pictures/graphics that come in his explanations about seemingly complicated subjects about investing. The only thing I'd advise is, never finish a book like this without taking notes! I personally used online notes to save the trouble, but self-made notes are the best!
Now, some gripes about this book.
Maybe it was because I'd already read his first two books, that this book felt like a rehashed, slightly dimmer version. 40% of this book is covered in long, rewinded phrases in the other two books, which made it that much easier for me to breeze through his stories and soundbites in 3 days. I also didn't appreciate the fact that this book was more of a listopia. One sect was basically a 7 step hierarchy, and just when you were done with the bullet-point talking--behold! 999 steps you need to make that will solidify your business, and blah blah blah. This book could've been chewed in half, and still be considerably TOO LONG, in my opinion. But hey, I gained a lot from it, so who's to complain?
3 out of 5 stars. My suggestion? This is the third and final book in this installment that you need to read. Kiyosaki writes every book as though his new reader has skipped the preceding books, so if you read them in the correct order, you'll be banging your head against your Kindle at the 7th book, but inwardly praising yourself for having read the first iconic book.