This book kick started my interested in controlling your own finance but I realize something is amiss when I finished the book, I am lost. I do not know what’s the next step to take.
Luckily for me, I noted down one of the books he mentioned, The richest man in babylon and went to amazon and bought the book. It took me a while before I start reading. Meanwhile, still searching my way to finance success and bought many books which either reinforce his idea or contain really complicated stuff for my still young financial mind. My effort up until then have been much of a waste if not provides little.
Until I read The richest man in babylon, everything make sense.
Robert Kiyosaki failed to consider that his reader are going to be in all kind of financial situation. Young graduate, debt ridden people, financially strained family, long hour working middle class or even the truly rich. But to stir their feeling up and make them take dangerous steps into financial and investment without a good plan is why I took 2 stars away from this book. These step can worsen people situation. Tell people there’s a bargain for a certain property and fail to teach them how to locate one is particularly dangerous. There’s risk in investing and Robert Kiyosaki might have advocated some of his reader to take too much risk.
In today world where these financial means are available to the general public, authors of financial books have to be more responsible in their use of words.
For people who mind has been open up, I want to reinforce that the learning has just started.
Read The richest man in babylon, where this classic tackle almost (if not all) of the financial situation and teach you how to get out of it. It will reshape your concept and mindset about money and how to earn, spend, save, grow, protect and repay to their rightful owner, freeing you from the grip of money along the way.
As of investment, I suggest start understanding the different type of investment.
The major investment type is debt or asset based. Value and growth investing versus speculative trading.
Read The Intelligent Investors and Common Stocks and Uncommon profits can give you great inside on value and grow investing. I do a little of speculative trading which I haven’t find a good book about it but if you are into technical analysis, New concept of technical trading system is an excellent book.
I’m not into debt type of investment so I can’t recommend on that. Check out investopedia and learn more about investment and discover your own investment strategy along the way.
I’m still on my way to financial freedom and only time will tell if I am discipline enough to ripe the rewards from what I learn and whether these classic book continue to prove timeless.
Wish me luck and I wish everyone luck too.
Review by Amazon
Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his “poor dad” (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his “rich dad” (that “the poor and the middle class work for money,” but “the rich have money work for them”).
Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of “financial literacy” that’s never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed. –Howard Rothman –This text refers to an alternate kindle_edition edition.
About the Author
Best known as the author of Rich Dad Poor Dad―the #1 personal finance book of all time―Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education. Robert’s most recent books―Why the Rich Are Getting Richer and More Important Than Money―were published in the spring of last year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad.
That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States. –This text refers to an out of print or unavailable edition of this title.