Tuesday, September 15, 2009

Rich Dad's Guide to Investing (AUDIO) 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.

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