Product Description

For the first time ever, the #1 New York Times bestsel-l-ing authors reveal how to actually speed up and max----imize the return on invest--ments to achieve total fin---ancial independence. Most people think that simply getting a modest return on one's investments is going to take care of them forever, right through their golden years of retirement. But for lots of invest----ors, waiting-and hoping-for a 10% return on their stocks, bonds, and mutual funds is turning out to be a long and perilous wait. In this startling new book, Robert Kiyosaki shows how one can velocitize their money in such a way that they can quickly achieve financial wealth with extraordinary returns and amazing growth. Sound too good to be true? It's not-and Kiyosaki and Lechter show how anyone can make the move right now. H The eighth book in the series, RICH DAD'S WHO TOOK MY MONEY?, follows the success of the previously published titles-Rich Dad Poor Dad (Warner, 2000), The Cashflow Quadrant (Warner, 2000), Rich Dad's Guide to Investing (Warner, 2000), Rich Dad's Rich Kid Smart Kid (Warner, 2001), Rich Dad's Retire Young Retire Rich (Warner, 1/02), Rich Dad's Prophecy (Warner, 10/02), and Rich Dad's Success Stories (Warner, 10/03)-which have sold more than five million copies combined. H The Rich Dad Poor Dad books are perennial New York Times bestsellers and have also appeared on The Wall Street Journal, BusinessWeek, USATODAY, and countless other business bestseller lists. H Robert T. Kiyosaki is a tireless promoter who continues to get his words of financial advice out to mainstream consumers through his bestselling books, board game, electronic game, and national seminars. H Available as a Time Warner AudioBook.

Product Details

• Amazon Sales Rank: #36746 in Books
• Published on: 2004-05-01
• Number of items: 1
• Binding: Paperback
• 288 pages

From AudioFile
Having your money work for you instead of working for your money is a good practice. But beware of investment strategies that are easy but don't offer the chance to really learn about investing. Mutual funds, banks, and some brokers often want to lock your money into buy-and-hold schemes or, worse, to trade excessively and churn up fees. In an abridgment that is both concise and far-reaching, the authors describe a step-by-step strategy for not getting snookered. A core lesson for anyone wanting financial control, this is the best ever and most personal example of Rich Dad's financial wisdom, regardless of your current job or how much you have to invest. T.W. © AudioFile 2004, Portland, Maine-- Copyright © AudioFile, Portland, Maine

From Booklist
The eighth book in the Rich Dad series reveals the financial wisdom of the rich, which is neither taught in schools nor discussed in the popular financial press. The authors begin with an example of the Zen master-student relationship that Kiyosaki had with his Rich Dad mentor. Kiyosaki had made the mistake of many inexperienced investors and bought into a mutual fund he knew nothing about; his Rich Dad let him stay with the bad investment for months to learn the lesson of patience. Kiyosaki also learned that the common advice to "invest for the long term, buy, hold and diversify" is not really advice but actually a sales pitch, and it teaches very little about how to become a smart investor. The reason most people continue to choose mutual-fund investing is because it is so easy, and that is also why it is inherently risky. Kiyosaki and his coauthor emphasize investing in asset classes other than equities, such as a business venture, real estate, and paper assets like hedge funds and options. These approaches require more thought, education, and effort than does simply handing one's money over to a financial company and allowing a stranger to control it, but the risks are lower and the potential financial rewards can be much greater. Certain to be in demand at the circulation desk. David Siegfried
Copyright © American Library Association. All rights reserved

Customer Reviews

Too Much Fluff
Leverage. Imagine "turbocharging" your finances.

You can do this in the commodity markets, the currency markets, stock options and real estate. And as long as the market goes up (or down, if you are selling the market short) you win. BIG. This is fast money, managed responsibly.

Investing in something and ignoring it is a good way for your money to walk away. Putting your money in the bank or depending on a money manager to mind the store for you is the equivalent of having Colonel Sanders watch your chickens. This, is slow money.

It's your money, and it's best you learn how to manage it. Great. So, how DO you manage your money?? Hmmmmmmm we still don't know.

I understand Robert's argument on this: He avoids specifics because there are 10000 ways to manage your money. Unfortunately, I think most of them are the WRONG way! So who's going to show you the right way? It depends. The hard part is, which way is the right way for you? (now there I go, being vague!)

Are you aggressive or passive, by nature. Are you creative, or diciplined?? What is your definition of risk, and how much risk are you willing to take on? The answers to these questions, combined with some strong financial training will give you the answer to these questions, but you won't find the quick answer here.

You will, however find some great insights; clues on where to look for good investments, and concepts on being a great investor. Clues, that's all. You still have to do the research and legwork. Nobody here is going to tell you what to do with your money.

If you don't know what is a good investment, hire a financial consultant...one who doesn't sell investments on the side. Let them research your investment opportunities for you.

Unfortunately, this book could have been written in less than 100 pages. My copy had 242 pages.

One of Kiyosaki's Best!
I loved this book! It was recomended by a close friend that is like my rich dad, I've read his others, but this one is great as far as people needing to know where their money is going. I also recommend all of his other books as well. It is a must buy for people willing to financially free themselves!

Not useful at all
Same thing gets repeated over and over without a real insight of any thing. Waste of time.