Read Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! by Robert T. Kiyosaki Free Online
Book Title: Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins!|
The author of the book: Robert T. Kiyosaki
Format files: PDF
The size of the: 950 KB
Edition: Hachette Audio
Date of issue: May 1st 2004
ISBN 13: 9781586216511
Read full description of the books:This book still holds up 10 years after it was written. In 2004 much of what was being discussed in the book was the stock market implosion in 2000, and the subsequent fall out. Like most Kiyosaki books there is a large amount of overlap with his seminal work "Rich Dad, Poor Dad", and this book touches on what was written in "Rich Dad's Prophecy" from 2002.
My favorite part is on page 116 called "Why do pilots wear parachutes?". In this section Robert gives a brief story explaining how we was taught how to eject from a plane long before he was taught how to fly a plane while at Naval Flight School. The moral of the story is have an exit strategy on every investment before you invest. Also, it shows how a 401(k) might not be the best strategy for everyone, because it hand cuffs the investor in many ways. He later goes on to insist you must keep your money moving rather than let it sit in a bank account or 401k, essentially hinting at what he calls velocity of money.
I also liked in, Part One, how he broke down many common professions and gave their view of the world, and how they would tell someone to invest. In part two he explains how a professional investor like himself would invest. Take your pick on where you get your advice but I'm sticking with a pro rather than the list of amateurs listed in the table of contents. The biggest take away's for me were: to start thinking longer term, to remember the 20-10-5 year cycles, and to take a more serious approach to tax planning.
Read information about the authorKiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing. He has now had at least a dozen books published. A partial list of his books is included below
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