Rich Dad's Guide to Investing MP3 CD – Unabridged, April 15, 2014

His books are precious gems and have helped me tremendously. Thank you so much for all your hard work Robert. You have changed my life.

As being the third and final book in the original Rich Dad's series, this book has done an exceptional job of both summarizing Robert's Rich dad's financial concepts AND deepening the essential knowledge to become a successful investor as well as to achieve the ultimate financial freedom.For that same reason, the first half of the book can seem to be simply repeating the previous books' lessons, such as the cash flow quadrants, the true differences between assets and liabilities, the rich dad vs. poor dad stories; however, the second half of the book went into the extreme details of how to intelligently invest (e.g. how to calculate financial ratios to value a business and an investment opportunity, how to effectively operate your own business, or how to create passive income streams from investment).You need to be patient when reading this book, especially if you have read the first two books in the serie. You will be able to gain a lot of new knowledge if you keep your mind opened and curious to learn. While I agree with some other negative comments that the book can be much more concise, I personally believe that the repetition of some critical lessons really help them stay much longer and deeper in my head. This book is thick and contains lots of financial advices, so I highly recommend it to people who have been following this serie and are debating if this book is worth it.No, Robert will not give you the exact answers on which specific stocks to buy or what locations to build a house on. This book is not about that, and it should NOT be. Your investment portfolio should be built on the foundation of your financial needs and vision, not others' vision for your financial needs. Instead, Robert gave you rock-solid knowledge and foundation on financial literacy and investments so that you can build your OWN investment and business empire. Go for it, read this book, finish the serie, absorb the knowledge, and you will become a much better version of yourself. That is exactly what I have been able to get out from this serie, and I hope you will, too. Again, I highly recommend this book.

I am a big fan of RK so take this with a grain of salt if you hate the guys guts.First off, I've been studying money books for almost two years. Most of them were for the middle class which told you to play it safe and diversify. Answers were little and fear was great. Basically, if you had a lot of time, you could at least retire adequately from those books.So then I found RK last May and what a change! This was exactly what I was looking for: not people who couldn't walk the talk but people who had done it and done it well. Understand that RK and his wife lost most of their money and had to live with a friend (it's in their second or third book) but there's no shame in this per se as some people feel. This guy is basically telling you about his mistakes, at the risk of being attacked, and letting you avoid them.I've played CASHFLOW 101 about 30 times and moved on to 202 and have played it about a dozen times now. THe group I am with is positive and training their minds to see the invisible. One guy has already started to do r/e deals in Calif and while he is still looking around in a tough market like the Bay Area, he's moving along.RK's books are really about opening your mind to the possibilities as cliche' as it sounds. Once you decide to specialize in a particular investment vehicle (i.e. real estate, MLMS, stocks, etc), you will need to get the information from other sources.In RDGTI, RK covers how he got started in investing. Now, some of this information will be out of your league unless you want to become a big time rich person but the most important thing is learning how he thinks. When you know he thinks, that will help you even more so in your future investments.The important things RK's books do is give you smidgens of various fin. vehicles and, more importantly, teaches you to believe that the possibilities are out there.Let me stress that again: the possibilities ARE out there. The problem is: most Americans have trained their mind to believe there are very few and they cannot get them so they repeat this vicious circle. That's the biggest problem I've noticed since training my mind and learning.You've got to believe and you have to start seeing the possibilities: or, seeing the invisible as RK calls it. Once you start doing that, you're on your way.After this book, check out his audio casette series RICH DAD'S GUIDE TO FINANCIAL LITERACY (advanced) or YOUR FIRST STEPS. You can also check him out at RICHDAD.COM . . .or, you can get these items for less at ebay or your public library or half.comThe important thing isn't so much as where you get it but that you use it, learn it and apply it.REVISION NOTE AS OF 09/05/03: I am at a loss for words as to why the RK books are getting slammed on Amazon. These are the books I started with two years ago, which inspired me to be more and never work a day job again. Since then, I won't say I haven't lost money but I've made more money and things are only looking up. Additionally, I've gotten involved with a group of other investors, who were all inspired by those books. In fact, if it wasn't for the RK books, I and my other colleagues wouldn't be on our ways to financial freedom.So, when people slam RK and tell me it doesn't work, I just shake my head and realize that these are people who are living in their delussions. Everyday I'm surrounded by people who have accepted their financial cages and think things are too good to be true. Until they change their perceptions of abundance and money, they will forever be constricted.I used to think like that and had a dead end day job. Now, I'm making more than ever and, in less than five years, I plan to be financially free.Good luck to those who keep an open mind.

Kiyosaki's tale about rich dads and poor dads is a great story version of one of the most basic and fundamental axioms in the world of finance, namely that funds should be deployed to income producing assets rather than personal consumption. The American culture of personal consumption is deeply ingrained and ultimately very destructive of personal wealth. The distinction between assets that grow in value and produce income (e.g., real estate investments, dividend-paying stocks) versus those that consume income and represent liabilities (personal residences, cars, boats, etc.) is both simple and profound. One of the worst financial sins is to borrow money at high interest rates to buy depreciating objects (cars/trucks). Not only is the opportunity to invest those funds lost but future income is obligated to debt service. For those who fall for the slick advertisements, it is a little like the old joke about not realizing your throat's been cut until you nod your head!This book should be carefully read in a quiet environment with ample time for reflection on the many good points. I wish I had read it when much younger, but it's never too late to start utilizing the principles set forth in this marvelous volume. Incidentally, one does not have to subscribe to the many fee-based services offered by the website and organization that has sprung up from this series. The ideas are there for use without additional charge. Happy trails.