Amazon.com Customer Reviews
Worst Book I Almost Read - Review written on May 14, 2007
Rating: 1 out of 5
18 customers found this review helpful, 3 did not.
This book is terrible. I got halfway through, about 200 pages, and realized it was going absolutely nowhere. It reads like a bad infomercial, jammed with financial fortune cookies, that gives you absolutely no advice and no help. You'll get as much out of watching a Tom Vu half-hour as reading this mess. I keep waiting for a point, the nuts and bolts of investing (as the title might suggest), but none of that is here.
Kiyosaki is one of those typical rich guys who earned his wealth in one of two ways: 1) he got lucky and cashed in on real estate at the right time, or 2) he sold copies of a really bad book to people, promising to make them rich. In either case, it doesn't qualify him to provide these life lessons he keeps espousing.
And not only is the content bad (bordering on ridiculous), it is reads like it was written by a third grader. It's all these drawn-out conversations between him and his so-called rich dad. Seriously, it's like Miyagi in "The Karate Kid", only we never learn why we wax on or wax off or paint the fence.
Case in point: he emphasizes making a plan. A plan is very important, says he, and I agree. But I summed that up in two sentences and it takes him around 10 pages. And then he doesn't give any specifics about what should be IN the plan. Just have one or you'll remain poor. Thanks for the help. AHA!!! So that's what's been holding us poor minions back!!
After reading page-after-page and going nowhere, I started skipping large sections. Then I realized I could skip the whole book. I recommend you do the same. I can guarantee you will not get rich by reading this or any of his other books - I bet he won't guarantee the opposite.
Evidence-based decision-making applies to personal investing - Review written on May 04, 2007
Rating: 5 out of 5
"I always remember my rich dad saying, 'I have so much money because I was willing to make more mistakes than most people and learn from them. Most people have not made enough mistakes or continue to make the same mistakes over and over again.'" As I commented in Hard Facts, Dangerous Truths, in the Business Development section of this resource library, evidence-based decision-making is the key difference between succeful leaders and others. The same applies to individual investors and business owners. Study the facts, and hire people to also do that for you, and you can make better decisions. The rich, according to Kiyosaki, invest based on facts, not based on wishful thinking or based on fears and biases of family and friends. I like the writings of Kiyosaki because they are simple lessons wrapped in simple stories, and they cause me to think of my own decision-making. This principle is behind my reviews of instant wealth systems at civilsocietyblog at seedwiki.
a rambling, repetitive mess - Review written on March 17, 2007
Rating: 2 out of 5
8 customers found this review helpful.
I enjoyed Kiyosaki's first book Rich Dad Poor Dad, but that's about it so far. Guide to Investing is not the detailed, in-depth, enlightening, factual book that I was looking for. Instead, it's a rambling, redundant, simple book that really made me feel cheated. He did touch on a couple things that I liked such as the different levels of investors. But even with that he took a 3 page explanation and drew it out to 100 pages. The book is wordy, very basic, and meant for retards with a 5th grade reading level. Kiyosaki is a story teller, not a "how-to" guy. I read 200 pages and quit reading. He uses too many simple diagrams to illustrate a simple point and has too many blank pages as filler.
Why didn't Robert write this sooner! - Review written on February 13, 2007
Rating: 4 out of 5
2 customers found this review helpful, 1 did not.
OK, you know you need to invest some of your money. Duh! Everyone from our parents, to our teachers, to the financial experts they stick on the TV news tell us that. So what to invest in? Again, financial planners, stock brokers,(most of us having a commision to make off of your decision) and those "experts they stick on the TV news" again.
Being a former stockbroker, I feel your pain. And this book is only going to muddy the waters, I'm afraid. But read it. because there will be a part here and there, that you will relate to. That part is for you. There will be other parts may be appealing. Those parts are for you, too. The rest may cause you to lose touch of your financial goals, or at least question them. Albeit in a healthy fashion.
Thousands of people have read this book, and I'll bet it benefits everyone a bit differently. It may confirm you are right where you want to invest...even if that means saving money in a bank CD or in a mutual fund. Or, it may show you a whole new, sophisticated realm of investing you never thought you could do. Trust me, you can do the things in here, even in small, baby steps, and I'm helping others do the things in this book as I am helping myself. My only regret was I couldn't read this 20 years ago...It wasn't printed yet!
Darn!
Not helpful - Review written on October 22, 2006
Rating: 2 out of 5
16 customers found this review helpful, 1 did not.
This is a repeat of the first 2 books for the most part. I do understand that the "Rich Dad Classics" aren't meant for tips and specific methods of making money, but rather a rich mindset.
Mineset, but ANY specifics? No. They are his best kept secrets. You would have to attend his money making seminars (i.e. spend more money) It's understandable to emphasize the importance of mindset in a book or two, and I did really enjoy the original "Rich dad, Poor dad," but it seems like ALL of his books are just about the mindset. What good is a mindset if there is no real direction in executing it. Don't waste your time reading this book, it's also the thickest of the three. If you haven't already done so however, read the original "Rich dad, Poor dad."
Kiyosaki - Does it Again! - Review written on October 14, 2006
Rating: 4 out of 5
5 customers found this review helpful, 1 did not.
Kiyosaki's third book in his Rich Dad, Poor Dad series delivers again. This book is a logical progression of RDPD and CFQ building on his principals of building wealth for the first half of the book. Afterwards, Kiyosaki unveals what the reader has been waiting for . . . just how the rich invest. He disclaims the book plainly for the reader looking for the next hot stock tip or get rich quick scheme. The book delivers on it's title from a principal information standpoint, which should suit readers that realize that wealth is built up over time and based upon timeless principals and a strong foundation. The last two phases of the book are extremely well-written. Kiyosaki covers financial ratios, IPO offerings, taking companies public, and of course real estate principals. He presents his information to get you thinking not to give you answers for he knows the answers will come if the action is initiated. Another aspect of Kiyosaki that I particularly like is that he discusses his failures, which should let the masses know that riches are often found after many failures (more often it is the norm). So if you want easy answers - don't buy this book. If you want principals, ingredients for success in building wealth, and systematic structure on what you should be thinking in acquiring and KEEPING your wealth - this is your book!
The best of Kiyosaki's - Review written on June 30, 2006
Rating: 5 out of 5
11 customers found this review helpful, 3 did not.
Some have reviewed this book as a "more of the same" from Kiyosaki, more of what you can find in RDPD, but for me it's, first of all, the best of all Kiyosaki's books, always remembering that is best to read the first two before, though not estrictly necessary, but the main issue here (the nice thing about Kiyosaki) is that more than simple concepts, is that he helps you change your MIND, where all poverty or richness reside after all, so the more you read, no matter if it may seem repetitive, the more insights you get. Kiyosaki is full of lessons, lessons that are easy to read and understand, but maybe hard to appropiate into one's personal life everyday. I personally have started reading the bokk fir the second time and I discovered that many of the concepts I read the first time hadn't got me or taken me as they have now. For me, not only a must read, a book to study.
Gets Prize for Least Amount Said in Most Amount of Words - Review written on May 24, 2006
Rating: 2 out of 5
101 customers found this review helpful, 6 did not.
It is amazing how many books and hundreds of pages Kiyosaki can fill with the same info over and over. Furthermore, "Rich Dad" was obviously a fictional character... Kiyosaki's books are all filled with long, detailed conversations between Robert and Rich Dad, conversations that supposedly took place many years ago that obviously the author could not possibly have recalled in such detail, so the books read more like a play than financial advice. To be fair though, I suppose this is a pretty good literary device for making the subject matter more interesting, readable and listenable (dramatic, even, when read aloud by the actors who record his audio books.)
Below is EVERYTHING Kiyosaki has to say in ALL of his books (I am guilty of reading and listening to most all of them, but at least I got them for free at the library.) They are all very repetitive. The following will save you many hours of reading and dollars on his books....
1) The rich don't work for money; money works for the rich.
2) An asset is something that makes money for you; therefore, a house is not necessarily an asset. A liability is something that costs you money.
3) You should borrow money to invest in real estate so that you can get rental income, because...
4) Tax laws favor the rich and tax laws favor real estate investors, and real estate is a better investment than stocks and mutual funds, but if you are going to invest in the market then...
5) Learn how to read financial statements.
and
6) The market will tank big-time when the baby-boomers start retiring.
There you go, now you can read something else...
This book can enhance your knowledge of investing. - Review written on March 21, 2006
Rating: 4 out of 5
8 customers found this review helpful, 3 did not.
As in Rich Dad, Poor Dad, this book has the delightful story line of advice from the father of a friend who became a very wealthy man before his death -- leaving his family well set financially for 100 years! I think it's that base in reality that makes these books so interesting.
One of the best ways to learn is to have a successful mentor who will guide us through the key challenges of getting started. This book is designed to duplicate the experiences that the author had his rich Dad. For example, the key questions that rich Dad asked him are at the end of each section for you to answer for yourself.
The financial advice parts of the book are tied into helping you pick up a meaningful financial plan. You begin by deciding what you want money to do for you. That's an excellent thing to do. Some want security. Some want more income. Others want substantial wealth that keeps growing. You should decide. Some books make the mistake of pushing you to choose a goal that really isn't what you want. Rather than push you in a particular direction, the book emphasizes key principles (compound cash tax-free, create assets with your mind as well as with your money). The author notes that each of us has preferences that will take us in different directions for implementing whatever our goals are. I liked that approach a lot.
You will recognize a lot of the diagrams from Rich Dad, Poor Dad. But it is good advice, so it doesn't hurt to have the repetition. This part is fairly compact, so you can skim through it if you feel confident about the material.
If you get to be good at this now, think how great it would be to be the rich Dad for your children and their friends. Now that's an irresistibly great goal!
Enjoy the riches you would like to have, for the reasons you would like to have them!