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You Can't Judge a Book by its Cover
on November 28, 2004
This book is the third and worst book in the Rich Dad trilogy, and if you believe the title, it will hand you to the secrets of investing. It won't.
This book opens up by taunting you with how the rich get to invest in investments that the majority of us cannot. From there it drifts through wandering narratives, and vague advice on investing. Surprisingly, the bulk of the book focuses on starting a business, with general information on how to take one public.
In almost every repetitive page, the authors give generalized advice and tell you what you need to do, but not how. Among the advice is to read more, learn more, and of course purchase more Rich Dad related products. The authors take every opportunity to pitch the CashFlow board games. Not surprisingly, they follow up with a chapter which focuses on these very board games.
This book, like the others, is repetitive, and regurgitates much of the same information presented in the previous two Rich Dad books. However, this time, there is more, and the wandering commentary is punctuated with notes from Susan.
Moreover, much of the given advice is often conflicting. The author touts that his Rich Dad told him not to work for a paycheck. He states he was even homeless because of his dedication to this principle. Later he says his Rich Dad told him to get a job with Xerox. Rich Dad also said to keep your day job and start a business part time. Much of the information contains conflicting nuggets like that.
Simply stated, most of the book isn't even about investing in stocks or even real estate. It is about vague financial advice for setting up your own company.
And the special investments that the introduction and title allude to? None are explained.
If you want a wandering, verbose book with conflicting advice, purchase this book. Otherwise, there are much better investment books on the market.