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Customer Review

8 of 11 people found the following review helpful
4.0 out of 5 stars Same stuff more stories, July 9, 2005
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This review is from: Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! (Paperback)
I really like Robert's writing style and I have only read rich dad poor dad and loved the book and started reading all different types of personal financing books. One of the things I was certain about was that he was going to go on and on and on about real estate. I understand that he thinks real estate is great and everything and I agree, but I would like to see other things. He does shed some light on hedge funds.

The one thing I can say is that his examples in his rich dad poor dad book was over exaggerated. This book has good examples about real estate and other things, but what he compares it to is unrealistic. One example is that he compares investing real estate to mutual funds and even thought he example was good, he compared a mutual fund that returned 5% a year. His example would have been more realistic if he would have compared it to a return of anywhere from 8-12%, but 5% is beyond exaggerated for an average mutual fund.

The one thing I really like about Robert is that he's about money that never ends coming in. One example say you bought a house for 100k that was worth 140k a lot of people would just sell the house to make the 40k profit and what for? While you could rent out that house for the rest of your life with a cash flow that will be way more than 40k. In 10 years you'll have way more than 40k in equity/appreciation and your cash flow will keep increasing. I guess its' the reason that he explains the rich think differently from the middle/poor class. The middle/poor class want the money right now without putting the money into another asset
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