Published by: seawavena (Karma: 158.09) on 26 October 2007 | Views: 4048
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Rich Dad's Guide to Investing What the Rich Invest in, that the Poor and Middle Class Do Not!
by Robert Kiyosaki
The rich are different from the rest of us, if for no other reason than
U.S. tax and securities laws allow them to invest in ways that keep us
from catching up to them.
That's why 90 percent of all corporate shares of stock are owned by 10
percent of the people. Kiyosaki believes it's possible for anyone to
move up into that 10 percent, but it takes a different view of
investing than most people have: it takes a plan to be a successful
investor. And a plan is more than simply buying and selling, or
collecting "assets" that bring in no cash and are thus more akin to
liabilities.
The way most people invest, "they might as well be pushing a
wheelbarrow in a circle," he writes. A plan is "mechanical, automatic,
and boring," a formula for success that has worked historically for
most of those who've used it. Kiyosaki's "rich dad" (actually, the
father of his best friend) tells him the simplest analogy is the game
Monopoly: buy four green houses, trade them for one red hotel, and
repeat until you become rich.
