May 31st 2004
Rich Dad - Poor Dad Robert T. Kiyosaki
Rich Dad - Poor Dad Robert T. Kiyosaki. 1998. ISBN 0446677450. I am slowly working my way through Rich Dad Poor Dad, Cashflow Quadrant, Retire Young Retire Rich and Guide to Investing. I will not do regular book reviews on these four, since I consider them more a “point of view” vs. definitive guidebooks, however I am finding his point of view to be useful when I now “counsel” any of my four grown sons . At the very least, it gives you a background in what advice to give to replace just handing them money when they want to finally “grow up” in their investments. I bought my set at bookcloseouts.com. If you are interested, grab the first one out of the library and give it a quick read and see if his ideas suit yours. Also very easy reads. Check out www.richdadbook1.com for an audio sampler. In one way he does explain capitalism.
Go the http://media.richdad.com/book1_1.mp3
http://media.richdad.com/book1_2.mp3
and listen to the audiotape that is free on the site.
This books sparks lots of debate between friends, parents and spouses. Good read, and he makes too much sense. I have now bought copies for each of my four sons.
Cash Flow Quadrant. Robert T.Kiyosaki. 1999. ISBN 0446677477. Part II of the
Rich Dad series. www.richdadbook2.com
This book shows us how owning your own business
is just about the smartest thing you could ever do.
Find out if you have whatt it takes to stop being a fully
taxed employee. He advocates starting
many businesses until you find what works for you. Easy read.
Guide to Investing. Robert T.Kiyosaki. 2000. ISBN 0446677469.
What the rich invest in that the poor and middle class don’t.
Part III of the series. www.richdadbook3.com
So now that the business is thriving
how do you move from being affluent through wealthy to rich?
This is not a bad guide to various investment vehicles including
IPOs. A bit slanted to US law, but you can still get nuggets out of it
Retire Young Retire Rich. Robert T.Kiyosaki. 2002. ISBN 0446678430
How to get rich quickly and stay rich forever. www.richdad.com/retireyoung
What do you need to learn to turn all the information of the above into useful knowledge?
A quick overview of useful financial ratios to access businesses and investments,
He is no fan of mutual funds or the stock market as a place to look
fo ryour retirement funds. As ever he is a contrarian and his recommendations
require a lot of work to put into place. The first shot of reality in his series.
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Category: Lifeskills
