Thursday, March 12, 2009

Rich Dad's Guide to Investing (Parker Kusek)

Rich Dad’s
Guide to Investing
By Robert Kiyosaki 309 pages
I got this book from the library. I chose this book because I read one of his other books and it had lots of knowledge that can help me later in life.

I would definitely recommend this book to others. The ones that should read it are students in high school because I believe it will really help them in life if they would like to start investing. Throughout the book Robert Kiyosaki explains the smart ways to invest. He made a living of investing. He grew up in a really poor family and they really had to do everything themselves. For a period of time he and his wife had to sleep in their car beca use of the lack of money they had. Today Kiyosaki is a multimillionaire. He shows that the smallest investors can have great success. The theme throughout the book seems to be take chances because if you don’t there is no way possible to get that reward. He says you should take high risks but plan for a long term investment and don’t go crazy right away.
Style: Giving knowledge to his readers that can help them start investing. He seems to be demanding almost telling you to start right after you read his book. He gives the example of what happen to him in life.
Audience: Anyone who is interested in investing.

Passages:
“Your future is created by what you do today, not tomorrow”
I really liked this quote because it is very true. It is saying you must commit yourself to it and not just start, but follow through and finish. Pg 59

E2I have a problem with too much money. I can't reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.” Pg 123
He really feels that he is successful, but he is saying how easy it is to make money once you really know what you are doing. You can be rich but you can just keep going up in life if you keep investing.

“A lot of people are afraid to tell the truth, to say no. That's where toughness comes into play. Toughness is not being a bully. It's having backbone.” Pg 201
Kiyosaki seems to be saying in this quote that you should take chances and invest in high risk stocks. The more chances you take the more opportunities you have.

My relationship I have with this book is that I am very interested in investing in the future. I am even taking a class on investing in the stock market. I will definitely read som e more of his books to get more knowledge on investing.

7 comments:

  1. This book sound like a very good. This book seems to be like a book that I would really like because I love books that teach you stuff but form other peoples experience.It seems like a lot of people read this book, like 2 or 3 people read it from just our class.I liked the passages that you picked. The third passage I don't really agree with.It is true that the more chances you take the more opportunities you have but I don't think that people should take risk and invest in high risk stocks.

    -Rosina Sinigur

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  2. From reading the summary, I want to read this book because I am also interested in investing money in the future. I will also like this book since it is based on a true story who once was a poor and homeless man who didn't give up and build himself up to being a multimillionaire investor. When I read passage 2, I felt like he was bragging about his money. If he was reinvesting and getting more money and he has too much, why doesn't he donate to a special cause or a charity? But overall, someday I will go to the bookstore and buy this book and read it because it sounds really good and also it will help you later in life when you are taking chances to invest in the stock market.

    -Yong Kim-

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  3. Personally I would not read this book. I do not think a book should be about making incestments. It just screams boring to me. No offense to the person or people who read this book, it is just not my thing. However, I do think that the writer of this blurb did a good job on the assignment.

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  4. Anonymous said...
    Personally I would not read this book. I do not think a book should be about making incestments. It just screams boring to me. No offense to the person or people who read this book, it is just not my thing. However, I do think that the writer of this blurb did a good job on the assignment.

    -Eric Loubriel.. sorry I forgot to put my name

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  5. I would read the book because i would like to learn about investing ang money. I think it would a good thing to know about. it was also interesting because he was poor at one point and then with smarts he got a lot of money. I liked the first quote because its true you have to put in the work today to get the pay off i nthe future. the book seems like a good read evem thought i could be a little boring.

    Roberto Agrait

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  6. I would definitly like to read this book. The way you described it made it sound very interesting. I want to learn more about investing and the stock market. It sounds like this book would help me achieve that goal. I know of the author of the story and he is a very intelligent man. I would like to get his take on investing.

    -Raheem Malik

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  7. This book catches my attention. Especially because I am getting older and thinking more about money management. The way the poster describes it, it seems like this book well give you tips on how to be savvy with your money and how to make it grow. Investing can be very successful for a person if they know what they are doing. This book seems to have all the answers.
    -Madeline(E)

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