{"id":46015,"date":"2023-07-27T11:00:00","date_gmt":"2023-07-27T09:00:00","guid":{"rendered":"https:\/\/staging.captrader.com\/?p=46015"},"modified":"2024-05-15T13:46:04","modified_gmt":"2024-05-15T11:46:04","slug":"rich-dads-investment-guide","status":"publish","type":"post","link":"https:\/\/www.captrader.com\/en\/rich-dads-investment-guide\/","title":{"rendered":"Rich Dad's Investment Guide"},"content":{"rendered":"
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by Robert T. Kiyosaki is a sequel to his world-famous bestseller Rich Dad Poor Dad<\/em> and builds on the concepts he introduced in his first book. It could be described as a typical money mindset book, which in this case has been given the literary-narrative part of Rich Dad Poor Dad<\/em> is completely missing. This made it a little more difficult for me to give a good rating here, because like so many, I also felt Rich Dad Poor Dad<\/em> from the middle of the book onwards.<\/p>\n\n\n\n

The chapters are short and concise and are presented in a kind of dialog form. From time to time, it almost feels like a Q&A, with Kiyosaki taking on a frequently asked question and briefly explaining it in passages ranging from half a page to 2-3 pages. In literary terms, it resembles a conversation with a familiar person and becomes much less like a carefully crafted guidebook with a clear red thread.<\/p>\n\n\n\n

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\"It's about taking control of your life and your money. If you do that, you'll be able to make more decisions that will help you achieve your financial goals.\" <\/em><\/p>\nRobert T. Kiyosaki<\/em><\/cite><\/blockquote>\n\n\n

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I wouldn't say that the topics are randomly arranged, but it's still not particularly stringent. In addition, the somewhat wider layout with a fully utilized text area also seems exhausting at first glance. Another negative aspect I have to emphasize is that there is no(!) new content beyond the previous books to be found in this book. The knowledge is not presented in a more pleasant, better way or even from a different angle, it rather seems to be rehashed. However, this does not mean that it is not still valuable knowledge.<\/p>\n\n\n\n

Nevertheless, as you know, I review books and have to look at the big picture and this book didn't completely convince me, but it didn't completely disappoint me either. It was a good middle, but nothing more.<\/p>\n\n\n\n

First, the author begins by emphasizing the importance of financial education and why it is important to get a financial education in order to make investment decisions. He always emphasizes the difference between financial and academic education, as in his previous works. He is also keen to point out that investments carry risks and that it is therefore important to understand these risks before investing.<\/p>\n\n\n

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Kiyosaki is not someone who would recommend broad diversification at this point. Instead, he analyzed how the really rich people invested their money and targeted risk assessment and concentration played a much more important role. What should never be forgotten at this point, however, is the survivorship bias. Because by taking particularly high risks and concentrating on certain investments, you can of course make a handsome fortune, but you can just as easily go bankrupt and then fall out of Robert Kiyosaki's analysis, because he only looked at those who made it.<\/p>\n\n\n\n

Robert Kiyosaki divides his investment strategy into three categories: Stocks, real estate and his own entrepreneurial activities. In my opinion, the latter in particular is clearly neglected by many authors of financial books. The leverage can be enormous and cannot be outweighed by any speculation. Each of these areas is explained, along with the risks and opportunities they offer. Unfortunately, the author's US focus is also evident here in many places, but this is already familiar from his previous books.
Cash flow is king for Kiyosaki. Maybe that's why his board game is called exactly that. Accordingly, he assesses assets differently and focuses on distributions.<\/p>\n\n\n\n

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\"An investment is only an investment if it generates positive cash flows.\" <\/em><\/p>\nRobert T. Kiyosaki<\/em><\/cite><\/blockquote>\n\n\n\n

Compared to Rich Dad Poor Dad, Rich Dad's Investment Guide is much more practice-oriented. For me, however, this is not necessarily a positive point, because I particularly liked the narrative part of the first book, which shaped my youth and is one of the reasons why I took a slightly different path at a young age.
While Rich Dad Poor Dad mainly explains the basics of financial literacy, Rich Dad's Investment Guide goes deeper into the different ways to invest and gives specific recommendations - unfortunately with a US focus.
Another difference between the two books is that Rich Dad's Investment Guide is less autobiographical. While Rich Dad Poor Dad tells Kiyosaki's personal story and the story of his rich father, Rich Dad's Investment Guide is more focused on the investment strategies themselves.<\/p>\n\n\n\n

In terms of content, the book is divided into five parts. The first part deals with the basics of investing, including the importance of financial literacy, the role of risk and uncertainty, the importance of cash flow and the different types of investments.<\/p>\n\n\n\n

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\"It's more important how much money you keep than how much you earn.\"<\/em><\/p>\n<\/blockquote>\n\n\n\n

In the second part, Kiyosaki looks at the different types of investments, including stocks, real estate, commodities and entrepreneurial activities. He explains how each of these areas works, what opportunities and risks they offer and what factors should be considered when deciding to invest in them.<\/p>\n\n\n\n

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\"The ability to assess risks is the key to success in investing.\"<\/em><\/p>\n\n\n\n

\"To be a successful investor, you have to learn to overcome your fear of failure.\" <\/em><\/p>\n Robert T. Kiyosaki<\/em><\/cite><\/blockquote>\n\n\n\n

The third part of the book deals with analyzing investments and conducting due diligence. Kiyosaki explains how to analyze and evaluate the financial performance of a company or property and how to gather and use information about potential investments.<\/p>\n\n\n\n

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\"Most people fail in investing because they think it's easy. It's not easy.\" <\/em>
\"Success in investment depends on three factors: Knowledge, experience and personality.\"<\/em><\/p>\n Robert T. Kiyosaki<\/em><\/cite><\/blockquote>\n\n\n\n

In the fourth part, Kiyosaki gives practical advice on portfolio diversification and minimizing risk. He explains how to build a diversified portfolio and why it is important to minimize risk by investing in different asset classes.<\/p>\n\n\n\n

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\"A good investment is one that is based on your values and your knowledge.\"<\/em><\/p>\n Robert T. Kiyosaki<\/em><\/cite><\/blockquote>\n\n\n\n

The fifth and final part of the book is about the importance of financial education and the steps one should take to become a successful investor. Kiyosaki emphasizes that financial education is a lifelong process and that it is important to constantly educate yourself in order to be successful.<\/p>\n\n\n\n

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\"If you manage to make your money work for you instead of working for your money, you are on the way to financial freedom.\" <\/p>\n\n\n\n

\"Most people think that the goal is to get rich. That's a mistake. The goal should be to achieve financial freedom.\"<\/p>\n Robert T. Kiyosaki<\/cite><\/blockquote>\n\n\n\n

In 18 lessons, the author tries to give us an insight into the investment behavior of the rich, but he does not fully reach me. He does show which mistakes should be avoided at all costs, but he has already explained this to readers in the 10 previous books and, in my opinion, structured it more successfully than in this work.
Anyone who has read Rich Dad Poor Dad and the Cashflow Quadrant will not be able to gain any further insights from this book and, unfortunately, this book is not one of the better works on the highly competitive market for money mindset books. In my opinion, both Bodo Sch\u00e4fer and Tony Robbins, Napoleon Hill and co. outstrip Robert Kiyosaki here.
Nevertheless, it remains a \"good\" and therefore 3 stars for this book.<\/p>","protected":false},"excerpt":{"rendered":"

von Robert T. Kiyosaki ist eine Fortsetzung seines weltbekannten Bestsellers Rich Dad Poor Dad und baut auf den Konzepten auf, die er in seinem ersten Buch eingef\u00fchrt hat. Man k\u00f6nnte es als typisches Money-Mindset-Buch bezeichnen, dem in diesem Fall der literarisch-erz\u00e4hlerische Teil aus Rich Dad Poor Dad vollst\u00e4ndig fehlt. Das machte es mir etwas schwieriger, hier eine gute Bewertung […]<\/p>\n","protected":false},"author":6,"featured_media":46017,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[54],"tags":[],"class_list":["post-46015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-literatur"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/posts\/46015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/comments?post=46015"}],"version-history":[{"count":0,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/posts\/46015\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media\/46017"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=46015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/categories?post=46015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/tags?post=46015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}