Author Box
Articles Categories
All Categories
Articles Resources

Rich Dad's Guide to Investing by Robert Kyosaki With Sharon Lechter, CPA - Book Review

January 17, 2011 | Comments: 0 | Views: 132

Title and Author:Rich Dad's Guide to Investing by Robert Kyosaki with Sharon Lechter, CPA

Synopsis of Content:

This is another in a series of books Kiyosaki and Lechter have written aimed at teaching the novice about building wealth. It purports to teach the basics of the mentality needed to be a successful investor and some of the fundamental disciplines and principles needed.

You will not find anything new or revolutionary here. The authors teach the basics on attitude, education, awareness and various investment methods. This book might be a good starting place for someone who wants to know the basics. Kiyosaki, who himself has been bankrupt, emphasizes the need to take risks to make money but he also teaches how one must invest intelligently and carefully. This book is not for a timid person who wants to minimize risk. It is about building serious wealth with the attendant risks.

Many of the ideas here are very sound, as in having a sound investment plan and sticking to it and educating yourself before taking the plunge. Like all wealth advice books though it is high on promise and minimizes what can go wrong. The author's suggestions about automatic wealth should be taken with a dose of salt. While investments wisely made can pay off over time there is always work and maintenance involved and the authors may not give this full credit.

No one should rely on one book for their investment education and this is certainly not the best of its kind. It is however a great beginning education on some of the principles needed as well as how to avoid some of the pitfalls.

One caution: neither author is a certified financial advisor nor there is no independent verification of their skill level in investments or of their own personal performance.

Readability/Writing Quality:

This is well written. It tends to be a bit redundant. It is well organized and for the most part is clearly written.

Notes on Author:

Robert Kiyosaki is an author and investor. Sharon Lechter is a CPA and has co-authored a number of books in this Rich Dad series with Kiyosaki. Together they combine the school of hard knocks wisdom Kiyosaki has learned with some more technical financial advice from Lechter as the accountant.

Publication Information:

Rich Dad's Guide to Investing by Robert Kyosaki with Sharon Lechter, CPA. Copyright 2000 by Robert Kyosaki with Sharon Lechter. Published by Warner Books.

Rating for this Book

Overall Rating for Book: Good

Writing Style: Easy to read and follow.

Usefulness: A good primer on investing and building wealth.

Daniel R. Murphy writes about success and building true wealth on the Creating True Wealth Blog. Read articles and book reviews of the best books on success, personal development and building wealth. Go to the now and sign up for a free weekly newsletter bringing you book reviews and other wealth information every week.

Source: EzineArticles
Was this Helpful ?

Rate this Article

Article Tags:

Robert Kyosaki


Sharon Lechter


Rich Dads






Book Review


Principles Needed

Finding and collecting vintage comic books for fun and profit is something that is interesting, but can be difficult. With so many places to look, narrowing down the options can be painstaking, until

By: Jorge Orduna l Book Reviews > Comics Humor l July 07, 2012 lViews: 286

Action packed story that reads like you are there in person. Lieutenant Commander Andrew Carlson was a U.S. Navy Seal. He was as rough and tough as they come. He was part of a mission to be inserted

By: Cy Hilterman l Book Reviews > Mysteries Thrillers l July 06, 2012 lViews: 278

"Look Me In The Eye, If You Dare!" Okay, all of You "Internet Millionaire Moguls," I want some answers, and I want them now.

By: Travis L Perkins l Book Reviews > Internet Marketing l June 29, 2012 lViews: 310

Crush it is a great "How to" book on using social media and being real with yourself on what you do. Gary is very passionate about what he does. The key to his success is blending who he is with what

By: Joe Mosed l Book Reviews > Internet Marketing l June 29, 2012 lViews: 547

My resolution this year was to knuckle down and do something to bring in some new clients for my practice, so I was pleased to see that Internet Marketing Bible for Accountants looked like it might

By: Karen K Jefferson l Book Reviews > Internet Marketing l June 29, 2012 lViews: 296

When promoting your business online, are you using internet marketing? If you have yet to spread your branches into the online world, you ought to consider doing so.

By: Joyce McNeill Christopher l Book Reviews > Internet Marketing l June 29, 2012 lViews: 282

Many financial pundits embrace grandiose theories and use mathematical formulas to convince the vast sea of American Investors to accept their vision of the perfect American Retirement Account

By: Randall D Coxl Book Reviews > Wealth Buildingl May 21, 2012 lViews: 174

Do you ever think about generational transfer of wealth, fiscal accountability and contribution? The statistics for generational wealth hitting the 3rd generation are dismal. Basically, the first

By: Joe Mosedl Book Reviews > Wealth Buildingl February 25, 2012 lViews: 233

The following article is a book review of Bruce Greenwald's Value Investing: From Graham to Buffett and Beyond. Professor Greenwald has updated and developed a modern value investing approach. Any

By: Ankur H Shahl Book Reviews > Wealth Buildingl February 22, 2012 lViews: 214

Guaranteed retirement income is the name of the game. I think the financial industry has done their best to destroy trillions of dollars of wealth for a commission. I am fine with people getting paid

By: Joe Mosedl Book Reviews > Wealth Buildingl February 05, 2012 lViews: 180

If you have read "The Sagacity of Sage" from Anyaele Sam Chiyson, make yourself richer with his new classic titled 'It is time to get very rich." In this rich volume, which has already sold many

By: Ifeanyi Enoch Onuohal Book Reviews > Wealth Buildingl January 23, 2012 lViews: 234

This book in a nutshell is a must read for anybody wanted to improve their lives. Regardless of what area you want to improve, Napoleon Hill shows the Master-Key works. Napoleon Hill died in 1970 at

By: Joe Mosedl Book Reviews > Wealth Buildingl January 18, 2012 lViews: 184

This sweeping biography of the Ford family associated with the famous automobile company is worth the read. Beginning with Henry Ford's ancestry and tracing the family and the company through 1987 it

By: Daniel Murphyl Book Reviews > Biographies Memoirsl January 05, 2012 lViews: 193

This is a guide on how to get out of debt, avoid debt and build personal wealth and financial security written by a couple in the Pacific Northwest who have experienced financial distress, debt and

By: Daniel Murphyl Book Reviews > Personal Financel November 25, 2011 lViews: 175

This superbly written pager turner is a biography of the enigmatic Warren Buffett from birth to 1995. It is not an "authorized" biography which has freed Lowenstein to write candidly about not only

By: Daniel Murphyl Book Reviews > Personal Financel November 25, 2011 lViews: 141

First published in 1960, The Constitution of Liberty is economist Hayek's popular work in defense of a free economy and individual liberty. He contrasts command economies with free economies and

By: Daniel Murphyl Book Reviews > Wealth Buildingl May 07, 2011 lViews: 198

If you want to stay on top of trends, learn how others succeed in life and in business and increase your general knowledge of how to become more effective there is nothing better you could do than

By: Daniel Murphyl Book Reviews > Wealth Buildingl March 22, 2011 lViews: 147

This is a classic self improvement book first published by Charles F. Haanel as a correspondence course in 1912 and then as a single book in 1917. This book was a key source for much of the material

By: Daniel Murphyl Book Reviews > Wealth Buildingl February 12, 2011 lViews: 169

Discuss this Article

comments powered by Disqus