![]() That's sort of the "what", but what would be much more useful is the "how". He offers disdain for the "mutual fund" and the diversification that it supposedly offers and he offers some comments that diversification will lower your returns, so you should concentrate your assets in things that you know more about, and you should start early so that if you make losses you have more time to recover. Particularly when they payoff was something like "education is good" or "you have to take risk to earn more." Mr Kiyosaki's attitude towards risk was something that struck me as particularly poorly fleshed out. I don't think that we really need a folksy, long waffling anecdote to illustrate obvious points, and having the inefficient study session sections that basically repeat the same anecdotes a little more efficiently grew tiresome very quickly. Personally, I felt that the content of the book was obvious, at too high a level of generality to be useful, and expressed very inefficiently. If you want to learn how to find opportunities like that, then this book doesn't really tell you much. If you want to learn why those are good things, then this is probably a great book for you. Basically, I would summarise this book like this: Mr Kiyosaki doesn't give many specific examples, but he does mention buying property with a 16% yield and buying property and selling it for more than double. I put this down to me not properly paying attention, and resolved to just get this book to see what knowledge lay within. I listened to the whole interview, but I couldn't really pin down anything specific from it. He did a great job of creating a sense of urgency and implying that he had specific, actionable knowledge. I half listened to an interview with Mr Kiyosaki on the economic impacts of the coronavirus. But you want to listen to a lame, 8-hour informercial about how smart he is, then buy this bookĭo you literally know nothing about money? but nope! This book is AWFUL! Thank God that Audible allows you to exchange this with something else so I can rid of this crap asap. I kept going on though, hoping that maybe he’ll get to the point in the next chapter. And how having a house is a liability, not an asset (repeated so many times that I started skipping forward whenever he started talking about this again). like how important it is to have financial IQ (no kidding!! That’s why we purchased the book!!) but makes zero attempts to teach anything about it. The content is very superficial and dumbed-down from beginning to end, practically treating his readers like idiots, and the same few concepts are repeated over and over and over again. He is a true salesman that talks a lot and says VERY little. This book is a terrible waste of time and money!! I got it to learn about investing and finance, and there is ZERO useful information in this book! The writer may be an awesome investor that made millions, but he is extremely stringy with his knowledge. PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
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