About Me
- Richard
- Hi I’m Richard. I have been an internet Marketer for 4 years now, running my own info marketing business. I am always on the lookout for great business books so I try to review as many as i can. I hope my review will help you make the right decision.
Tuesday, 7 February 2012
This book continues from where Kiyosaki left off in Cashflow Quadrant,
his 2nd book in the trilogy (now complete with Rich Dad's Guide to
Investing).
In his 1st book Rich Dad Poor Dad, Kiyosaki addressed the differences in mindsets between the Rich and the Poor. Then, in his 2nd book Cashflow Quadrant, he spoke on the 4 quadrants from which one can generate income. To be wealthy, Kiyosaki recommended that we learn to generate our incomes from the "B" (Business-owner) and "I" (Investor) quadrant as opposed to the "E" (Employee) and "S" (Self-employed) quadrant.
In his 3rd book Rich Dad's Guide to Investing, Kiyosaki tells how he got started in his investment journey, starting with nothing, and in fact at one stage, with a negative net worth. Most of us, having read his first 2 books, would have wondered if we could have embarked on our journey to become financially independent without much resource at hand. In this book, Kiyosaki shows how anyone can get started and how it does not take money to make money. He teaches how time is more important than money; how investing in one's self and getting an education and experience precedes excessive cash; how having a plan is more important than being in a hurry to make money.
This is not a book for those who want hot tips and quick fixes. This is a book on mindsets. Kiyosaki plants ideas and provides a road-map. The reader must take the first step and learn to navigate his/her own journey.
What I like about this book, is Kiyosaki's concept of being an Ultimate Investor, a "selling-investor". The Ultimate Investor creates deals and businesses that the public hunger for and are willing to pay a premium to acquire a share of. With the internet, it has never been easier to create businesses and deals which one can take public.
As in all his other books, Kiyosaki's book is worth reading again and again. I would also recommend that one reads Robert Allen's Multiple Streams of Income in conjunction with Kiyosaki's Rich Dad's Guide to Investing.
In his 1st book Rich Dad Poor Dad, Kiyosaki addressed the differences in mindsets between the Rich and the Poor. Then, in his 2nd book Cashflow Quadrant, he spoke on the 4 quadrants from which one can generate income. To be wealthy, Kiyosaki recommended that we learn to generate our incomes from the "B" (Business-owner) and "I" (Investor) quadrant as opposed to the "E" (Employee) and "S" (Self-employed) quadrant.
In his 3rd book Rich Dad's Guide to Investing, Kiyosaki tells how he got started in his investment journey, starting with nothing, and in fact at one stage, with a negative net worth. Most of us, having read his first 2 books, would have wondered if we could have embarked on our journey to become financially independent without much resource at hand. In this book, Kiyosaki shows how anyone can get started and how it does not take money to make money. He teaches how time is more important than money; how investing in one's self and getting an education and experience precedes excessive cash; how having a plan is more important than being in a hurry to make money.
This is not a book for those who want hot tips and quick fixes. This is a book on mindsets. Kiyosaki plants ideas and provides a road-map. The reader must take the first step and learn to navigate his/her own journey.
What I like about this book, is Kiyosaki's concept of being an Ultimate Investor, a "selling-investor". The Ultimate Investor creates deals and businesses that the public hunger for and are willing to pay a premium to acquire a share of. With the internet, it has never been easier to create businesses and deals which one can take public.
As in all his other books, Kiyosaki's book is worth reading again and again. I would also recommend that one reads Robert Allen's Multiple Streams of Income in conjunction with Kiyosaki's Rich Dad's Guide to Investing.
By
Ng Chon Hsing (Singapore)
Thursday, 2 February 2012
Robert Kiyosaki is a
fourth-generation Japanese-American born April 8, 1947 in Hilo, Hawaii.
He is
perhaps best known for his Rich Dad Poor Dad
series of motivational books and other material published under the Rich Dad brand. He has published more than
15 books which have joint sales of over 25 million copies.
Kiyosaki is an active investor. No wonder he retired at the
“young” age of 47. He has investments in Real estate, mining, solar energy, oil
wells and natural gas, and financial markets.
In 1997 published the #1 New York
Times best seller, Rich Dad Poor Dad. Soon afterward he wrote Rich
Dad's Cashflow Quadrant, Rich
Dad's Guide to Investing, and Rich Kid Smart Kid.
This is only a review site, click here to visit the Rich Dad's guide to investing site
This is only a review site, click here to visit the Rich Dad's guide to investing site
The bulk
part of Kiyosaki's teachings center on what he calls "financial
education" generating passive income by
means of investment opportunities, such as real estate investments,
mining and businesses, with the primary goal of being
able to support oneself by such investments alone and thus achieving true financial independence WITHOUT working for a paycheck.
In 1985,
he got married to his wife, Kim, who is an entrepreneur, investor, author, and a motivational speaker, just like the husband.
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