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This book made me realized that I need to change my way of managing finances. It encourages me to practice what I've learned from this book. Now, I have set my goals and thresholds when it comes to investments. I should have read this book when I was in my 20s.
i am greatly dissatisfied with this product. There are 243 pages in the book I obtained from Amazon whose cost was Rs.299/-. But my colleague purchased the same book for same price containing 350 pages. Then what should I do this product. Why such thing is happening.
Almost ALL the financial mistakes that I make are listed in this book! This book shows how we, the majority of the people think, & that's why we remain poor all our life. All of us think of becoming rich, but do the same thing, practice the same financial activities that all the people around us are doing. So how can we become rich by using money like a poor?
Pros: 1. This book helps to find out HOW to use your money to make money for you. Read it again: HOW to use your MONEY to MAKE MONEY for you. 2. It just changes our financial viewpoint towards money. 3. It explains why the poor people try to save money, whereas the rich INVEST. 4. It teaches you how to grow financial habits of the rich, even when you are not making money. 5. Literally, it gives you freedom from MONEY!
Cons: 1. Some sellers are selling the cheap xerox copies of the book, try to buy only from Amazon Prime Sellers.
So, if you are ready to get ALL your financial practices proved wrong, try out this book! It will at LEAST show you how to live a FINANCIALLY HEALTHY & worry-free lifestyle.
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While the book has 600+ pages, they key message can easily be reduced to 1 chapter. The key message (invest in investments instead of relying on your salary) is interesting, but the additional chapters felt like unhelpful "fluff" and a waste of my time to read. Another reason why I didn't find it an enjoyable read is that quite a few statements he makes are very black&white while reality is actually more grey. Now if he would have added helpful tips on how to get started with building your assets, that would have been helpful. But no, you'll have to buy another book of his in order to find out...
If the sentence above made you wonder, you should totally buy this book. The book is totally about its tagline. I read 100 pages in just two days (103 to be exact), this book is really interesting if you truly wanna know that what the rich teach their kids about money. Coz surely if you belong to a middle class family, you're familiar with this statement "job are secure, businesses are too risky". Well the book beautifully explains that how many more variables the above statement has. With simple language used, the way it teaches is quite impressive. Highly recommended for anyone who is thinking of a start-up, to give him a better insight about what it actually is, and how to make it work. Coz you know at the end of the day, it's all about execution. No idea is good or bad it's the proper execution that matters. A must read for graduates. If the tag line of the book made you wonder, well, you should totally buy it to know the answer.
In diesem Buch wiederholt sich alles bis zum Erbrechen. Wenn man den Inhalt knackig verpackt hätte, wäre das Buch etwa 40 Seiten dick. Dazu kommt, dass das Buch nicht zu wenig Eigenwerbung enthält. Du willst mehr bzw. überhaupt Mal was konkretes dazu wissen? Dann kaufe mein anderes Buch und melde dich auf meiner Website an und spiele dieses und jenes Spiel! Selbst jemand, der absolut keine Ahnung von Geld hat, wird aus diesem Buch nicht schlau werden. Es gibt vielleicht knapp 10 bullet points, die durchaus hilfreich sind, aber auch durchweg schwammig beschrieben werden. Das Buch liest sich wie eine aufgepimpte Biografie mit jeder Menge zu Finanztipps aufgeblasenen Binsenweisheiten.
Fazit: Ich verstehe den Hype um dieses Buch nicht. Es ist verdammt schmal im Inhalt, liest sich dafür aber flott und leicht. Trotzdem gibt es von mir keine Empfehlung.
This author shared lessons that I wish I'd learnt earlier - but rather than regret; it provided me comfort. As a Christian my Heavenly Father, who is also a rich Abba taught me one lesson that 'Rich Dad' taught the author on page 305, third paragraph; 'He (the Rich Dad) believed firmly in tithing. "If you want something, you first need to give," he would always say. In Malachi 3:10, Abba said; "Bring the tithes into the storehouse that there may be food in my house; and prove me - as I will open up the windows of heaven and pour you out blessings that you cannot contain". I have proved my Abba and He has rewarded me. I was very pleased that this lesson was passed down and proven in this book.
My friend recommended this book to me as he was also interested in money making and buisness. Robert really gives some foundations in thinking how money should work 'for' people and people are working 'for' it. Here he desribes, in the most simple way possible, the accumulation of assets that provide positive 'cashflow' (liquid cash). He gives numerous examples of excellent 'deals'. In one, he took advantage of comics going to waste collection to create a fee based library inside a person's house while hiring his sister to manage it. He gets kids around the neighbourhood to pay into it, getting positive cashflow without much work. In resemblence, later in life, he took advantage of a depressed housing market by bidding in bankrupcy auctions, getting excess of 1000% gains reselling it to a buyer using borrowed money. While I have to disagree with not diversifying your assets into other places, I can't deny he didn't do a good job of making money in optimal market conditions (for housing, low borrowing standards and high housing inflation). It should also be pointed out that Robert lost a lot of money by leveraging himself in the estate market, 'blowing up' in the 2008 housing crash. His message was pretty obvious upon reflection, leverage was key to his wealth, but also a key to his demise. Be careful in taking too much risk without understanding that you could become non-liquid pretty fast with large leverage multiples.
For years I've been hearing that this is a "must read" book, so I decided to buy a copy to read during a recent trip abroad and excitedly got stuck into reading it. However, I have to say that so far (I'm only 4 chapters in), it's been really disappointing and certainly not living up to the hype.
The main problems are: a) it's really badly written, and b) it just repeats the same things over and over and over again. I wouldn't mind if they were important things that were being repeated, but sadly they're not.
To make matters worse, at the end of each chapter there are several pages recapping what was said over the chapter you've just read!
4 chapters in and I'm really debating whether it's worth giving more time to it... which is a shame as I got it hoping to enjoy it.
Unless you're REALLY clueless about money & business, I'd (sadly) give it a miss.