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The eighth book in the Rich Dad series reveals the financial wisdom of the rich, which is neither taught in schools nor discussed in the popular financial press. The authors begin with an example of the Zen master-student relationship that Kiyosaki had with his Rich Dad mentor. Kiyosaki had made the mistake of many inexperienced investors and bought into a mutual fund he knew nothing about; his Rich Dad let him stay with the bad investment for months to learn the lesson of patience. Kiyosaki also learned that the common advice to "invest for the long term, buy, hold and diversify" is not really advice but actually a sales pitch, and it teaches very little about how to become a smart investor. The reason most people continue to choose mutual-fund investing is because it is so easy, and that is also why it is inherently risky. Kiyosaki and his coauthor emphasize investing in asset classes other than equities, such as a business venture, real estate, and paper assets like hedge funds and options. These approaches require more thought, education, and effort than does simply handing one's money over to a financial company and allowing a stranger to control it, but the risks are lower and the potential financial rewards can be much greater. Certain to be in demand at the circulation desk. David Siegfried
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"More than a how-to audio, this program lays out the life and money decisions all individuals make, consciously or not....Watch out if you have any ambition because these possibilities could change your life direction." --This text refers to an out of print or unavailable edition of this title.See all Editorial Reviews
Boy' the things that were slipping through our budget, were stealing us blind... But Not Anymore!Published 5 months ago by jrmcgovern1959
Robert Kiyosakui's books and CD's are always good. They always teach you something valuable.Published 6 months ago by AmazonGuru789
this provides a very easy to understand description of this subject matter.....it was great for me as i knew nothing about investing. Read morePublished 14 months ago by Conservative girl
The Rich Dad series is excellent and this book doesn't disappoint. It will change the way you look at your 401k and mutual funds.Published 15 months ago by S. Rife
Yet another great book from Robert, he tells it like it is and makes you think differently about retirement. Read morePublished 21 months ago by Lori
Money has own cycle and we really don't realize how money grows and how long it will last. Try to read this book if you would like to know where your money goes and make sure you... Read morePublished on May 2, 2013 by Ricardo B. Autida Jr.