Rich Dad's Guide to Investing - Robert Kiyosaki Wealth Creation New book

Rich Dad's Guide to Investing

by ROBERT KIYOSAKI with Sharon Lechter

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New softcover book, 406 pages. Published 2007.

What the rich invest in, that the poor and middle class do not!

This is the third in the series of Rich Dad Poor Dad books. The message is that you can't begin to enter the rich man's world until you get your head right. Getting rich means first of all gaining control over yourself. It's not just about investing, it's a description of two different life paths and the choices people make that put them onto those paths. Much of the narrative is concerned with Kiyosaki's own rags to riches rise from a poor American airman to retirement in luxury at 47. Poor Dad was Robert's father, a university professor who worked hard all his life and was eventually made redundant. Rich Dad, was his friend Mike's father who never finished the eighth grade and ended up one of the richest men in Hawaii. You can be highly educated but financially illiterate.

The book underlines the importance of financial literacy, listing the essential skills needed to get onto the first rung of the investing ladder. Anyone can work through the five phases of learning and fill in the short questionnaires that are designed to test your mental attitude. You're never too young or too old to make your fortune. Colonel Sanders started Kentucky Fried Chicken at 66! Much of the advice turns received wisdom on its head. The educational system is still in the dark ages. Most people leave school looking for jobs when they should be looking for 'opportunities'. They've been taught to work hard for earned income but people should never take a job for money, rather for the long-term skills they will acquire. Passive income and portfolio income will take you to millionaire status quicker than earned income.

Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - two fathers. One father (Robert's real father) was a highly educated man but fiscally poor. The other was the father of Robert's best friend - that dad was a college drop-out who became a self-made multi-millionaire. In this follow-up to the bestselling Rich Dad, Poor Dad, he reveals the secret of how the wealthiest people become wealthier by presenting some simple investing secrets and explaining how anyone can enjoy cash benefits merely by knowing where and how best to invest their money. The author's nuts-and-bolts approach to personal finance and understanding the real earning power of money has gained him a huge following, particularly as he knows all he describes from first-hand experience. Once so cash poor that he and his wife were forced to sleep in their car, today the Kiyosakis are multi-millionaires and highly sophisticated and experienced investment experts.

Rich Dad's Guide to Investing with reveal

• Rich Dad's basic rules of investing
• How to reduce your investment risk
• Rich Dad's 10 Investor Controls
• How to convert your earned income into passive and portfolio income
• How you can be the ultimate investor!
• How to turn your ideas into multi-million dollar businesses
• How and why many of today's new millennium will go bankrupt

About the authors

Robert Toru Kiyosaki (born April 8, 1947) is an investor, businessman, self-help author and motivational speaker. Kiyosaki is best known for his Rich Dad, Poor Dad series of motivational books and other material. He has written 18 books which combined have sold over 26 million copies.[1] Although beginning as a self-publisher, he was subsequently published by Warner Books, a division of Hachette Book Group USA, currently his new books appear under the Rich Dad Press imprint. Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and Rich Dad's Guide to Investing, have been on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times. The book Rich Kid Smart Kid was published in 2001, with the intent to help parents teach their children financial concepts. He has created three "Cashflow" board and software games for adults and children and has a series of Rich Dad audio cassettes and disks. He also publishes a monthly newsletter.

Sharon L. Lechter (born January 12, 1954) is a CPA, author, entrepreneur, educator, international speaker and philanthropist. Lechter is best known as the co-author of the international best-selling book Rich Dad, Poor Dad and the Rich Dad series of books as well as one of the founders of the Rich Dad companies. In addition, Lechter is the co-inventor of the Cashflow for Kids board game and propelled the launch and development of a Web site designed to teach children financial literacy through fun, educational and interactive games. Rich Dad, Poor Dad was originally self-published in April 1997 by Tech Press, Inc. and later bought and published by Warner Books. The book first hit the best-sellers lists in March 1998 and has since sold over 26 million copies worldwide, been published in 47 different languages and sold in 97 countries. In January, 2008 Lechter was appointed to the President's Advisory Council on Financial Literacy to serve a two-year term. It is the council's responsibility to keep the American public financially competent and competitive.

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Rich Dad's Guide to Investing by Robert T Kiyosaki and Sharon L Lechter