Dạy Con Làm Giàu - Ai Đã Lấy Tiền Của Tôi

Rich Dad #7

by Robert T. Kiyosaki, Sharon L. Lechter, Thiên Kim (translator)

- Làm thế nào để biến 10.000 đôla thành 10 triệu đôla trong 10 năm?

- Dù không chỉ cho bạn chính xác phải làm gì, bởi vì Mọi thứ tùy thuộc vào bạn, nhưng quyển sách Dạy Con Làm Giàu - Tập VII: Ai Đã Lấy Tiền Của Tôi? sẽ: Cung cấp cho bạn kiến thức và những kinh nghiệm để kiểm soát tiền bạc, tương lai tài chính của mình và còn làm ra nhiều tiền hơn nữa.

- Giúp bạn hiểu: Tại sao một số nhà đầu tư thu được nhiều lợi nhuận nhanh hơn những nhà đầu tư trung bình với ít nguy cơ, tiền bạc và thời gian.

- Đưa ra nhiều chiến lược đầu tư để bạn có thể xem xét và chọn lựa

Genres: Business, Finance, Money, Nonfiction, Self Help, Personal Finance, Economics

336 pages, Paperback

Published October 1, 2012

About the author

Robert Toru Kiyosaki is an American businessman and author, known for the Rich Dad Poor Dad series of personal finance books. He is the founder of the Rich Dad Company, a private financial education company that provides personal finance and business education to people through books and videos, and Rich Global LLC, which filed for bankruptcy in 2012.
Since 2010, Kiyosaki was the subject of a class action suit filed by people who attended his seminars, and the subject of investigative documentaries by the CBC, WTAE-TV and CBS News. In January 2024, Kiyosaki revealed that he was more than $1 billion dollars in debt.

Reviews

[Mary Jane · Rating 5 out of 5]

Eye-opener ✨💗

[Tao Lee · Rating 5 out of 5]

Note to self: Investros usually flee to commodities when markets are high. Businesses don't want you to know what theyr are doing. If you are technologically challenged, own the company! The word can't should be eliminated out of my vocabulary. You can't afford to be lazy. Don't get money tips from losers. Look for ways to make people's lives easier. Take the hard way. Don't let your baker lure you into bad debt, create good debts only! Four major asset classes:business, real estate, paper asset, and commodities. go to bankers and bankers, investor and investors - don't get answer from one, especially if they decline your request. Look for hotels to purchase. Get people to help you get into great investments. Don't waste your money, continue to reinvest. We have 4 quarters in life - business. You can benefit from taxes by concerting personal expenses into your business account a no tax event strategy. Charity give back to community to increase growth in business. Chose cash flow over capital gain. Keep learning about investing no matter how rich, old and smart you are. Everyday is a learning day. 20, 10, 5, cycle. Just a reminder of the cycles. 20 years - stock market and equities will go up. 10 years, stock will go down, commodities dominate, 5 years disaster. A growing population means higher home price = good for real estate. Never sell your properties, especially in a good area and you think it will continue to increase in value. Buy in bankruptcy, close store sales for good discounts. It is not the benevolence of the butcher, the brewer or the baker that we expect dinner, but from their regard of their self interest. Establish an expiration on initial investment. Divorces can make you lose everything! Education is very very important. Invest early. Newer properties build around old properties can devalue old properties and cause it to have low vacancy.

[Sheldon · Rating 3 out of 5]

Okay listen... His books are good for light reading but typically have the same themes and not a lot of depth; this book follows suit.

If it gets you into the mindset to handle you money, great, but I'd advise people to really research the areas of business and investing prior to jumping right in... find things that work for you and your temperament... not everything is for everyone.

[Weronika · Rating 2 out of 5]

The guy is so sleazy, I felt dirty reading the book. Although the book contains some sound, well-known advice (invest in assets, don't accumulate liabilities, invest for cash flow rather than counting on future appreciation etc.), it is in fact a book about market timing (good luck!) and looking for niche investments in high-risk markets. The whole narrative is just so insincere, the red lamp in my head was flashing sentence after sentence. Quotes from economists and other investors are taken out of context and twisted (e.g. Buffet's quote 'my favourite period to hold a stock is forever'). The "practical" part of the book contains a perfunctory one-paragraph long descriptions of a variety of high leverage/high risk investments/gambling options, without giving any information on the downside, classifying them, according to author's twisted logic, as "safe/guaranteed/insured". You can learn a lot, no doubt, from Kiysaki - invent a book franchise and make money on it. Insofar as I know, many of his other ventures, seminar organising included, failed shamefully. Can you afford to take an equally serious hit? If not, pass on this book. I would have, had it not been recommended (and gifted) to me. Next time I'll trust my gut (as I always do eventually do with my finances, after I've run the numbers).

[Word Revel · Rating 4 out of 5]

Initial thoughts: Who Took My Money? is an interesting follow-up to Rich Dad, Poor Dad. It's more detailed with regards to what investments are, the principles to look out for to make good investments and how to distinguish investing from gambling. In those regards, I found this to be good primer.

Organisation-wise, however, this book is repetitive and all over the place. If you need a lot of repetition to hammer information home, then that's alright. For me, I prefer to go back and specifically re-read relevant sections rather than to jump around from introductory topic to topic before revisiting them for a little more detail and then jumping around again. On that front, it could've been tighter.

Still, the question of Who Took My Money? is answered well, and makes you think about ways to increase assets with consistent returns over liabilities.

[Kkk2006 · Rating 5 out of 5]

Kiến thức tài chính
KIẾN THỨC ĐẦU TƯ
GỢI Ý ĐẦU TƯ
Trước khi đầu tư
Gia tăng các đòn bẩy tài chính
Xây dựng một chiến lược kết thúc cho thương vụ
Xem xét kĩ về giá trị của tài sản chứ không phải giá cả.
Chú ý đến xu hướng thị trường
Nhân khẩu học
Nợ
Lãi suất
Trong khi đầu tư
Bảo vệ tài sản bằng các bảo hiểm, ...
Kết thúc
Mục đích là rút tiền ra khỏi thị trường mà vẫn tiếp tục cuộc chơi
Đầu tư quyền lực
Lời khuyên về bản thân
Học hỏi từ ngân hàng
Trở thành 1 nhà đầu tư loại nào quan trọng hơn đầu tư vào cái gì
Thiếu kiên nhẫn dẫn đến các khoản đầu tư tồi tệ
Đừng tập trung vào tiền bạc
Lời khuyên về đầu tư
Nên kết hợp nhiều loại tài sản với nhau (Doanh nghiệp, BDS, chứng khoán...)
Phân biệt giữa 1 lời chào hàng và 1 lời khuyên thực sự
Phân biệt rõ mục đích đầu tư vì DÒNG LƯU KIM hay LÃI VỐN
Tận dụng các điều khoản về thuế
Không đầu tư vào những gì người khác đổ xô đi mua (đám đông )
Quản lý thông tin tài chính
Quản lý nguồn thông tin của mình - thông tin là tài sản. Nắm rõ giữa:
Thực tế - có thể chứng minh tồn tại
Ý kiến - có thể đúng hoặc sai, nếu chưa được kiểm chứng nó vẫn chỉ là ý kiến
Quy luật: luôn đúng trong mọi TH
Kiểm soát thông tin khi đọc tạp chí
Xem ai là người đăng quảng cáo?
Họ viết bài vì bạn hay vì quảng cáo?
Xem xét đến thị trường để nhìn ra mục tiêu của tạp chí
KIẾN THỨC DOANH NGHIỆP
Mục đích của doanh nghiệp là làm thứ phức tạp trở nên đơn giản
Gia tốc:
Tiền của người khác: IPO, đối tác
Lựa chọn thực thể kinh doanh
Nguồn lao động, nhân viên
Luật thuế

[Andrea · Rating 4 out of 5]

Me gustó el libro. Siento que el autor repite ciertos temas de otros libros como padre rico padre pobre, y el cuadrante del flujo del dinero. Sin embargo, ahonda un poco más en otros temas. Deja que pensar sobre las deudas, las clases de ingresos que existen, y algunas reglas generales que él tiene en cuenta a la hora de invertir, que aunque no son infalibles en muchos casos han sido acertadas.

[Josh]

110 rich dad's who took my money?
think they've won the game. It is at this point that many people begin to fall behind financially.
The Real Object of the Game
3. The object of the game is to get your money off the table and still remain in the game. A professional gambler or professional investor ultimately wants to play the game with 0PM, other people's money. That is the object of the game. The moment I left all my money on the table, I lost sight of the object of the game.
Four Kinds of Money
As some of you already know, there are three types of income defined by the tax service, which are earned income, portfolio income, and passive income. A professional investor needs to know about the three kinds of income and the four kinds of money. The four kinds of money are:
Your money
The bank's money
The tax man's money
The house's money
The Velocity of Money
A professional gambler wants to be playing the game with bouse money as soon as possible. While in Las Vegas, if I had put my money back in my pocket and only played with my winnings that would have been an example of playing with bouse money. The moment I began betting everything, I lost the game because I lost sight of my goal, which is to stay in the game but to play with other people's money . . . not my own money. As a professional investor, I want to:
Invest my money into an asset.
Get my money back.
Keep control of the asset.
Move my money into a new asset.


ask a gambler 111
Get my money back.
Repeat the process.
This process is called the velocity of money. It is one reason why the rich get richer and the average investor risks losing it all.
Let me offer this example to better clarify this process. Let's say I purchase a rental property—a two-bedroom, two-bath condo for $100,000. I put $20,000 of my money into the asset and $80,000 of my banker's money. In this example, let's say I receive a 10 percent cash-on-cash return of $2,000 in net passive income per year. Along with the $2,000 in income, 1 will receive tax money in the form of depreciation and other expenses, which is additional phantom income. In this example, ten years later, I have received all of my own down payment back, from just the rents, $2,000 X 10 years = $20,000 ... and I still have the asset, which means I am still at the table.
But my money is off the table. I am still in the game playing with my banker's money, the tax man's money, and the house's money. With my money, the initial $20,000, returned to me, I would have pooled it and then reinvested it into another property, business, or paper asset and the process would have continued.
In many ways, I have completed the object of that game, but due to appreciation of the underlying asset, the game continues. The best part is I will continue to receive the $2,000 rental income per year from the asset even though my money is off the table (all my initial investment of $20,000 has been returned to me). By financial definition, my ROI—return on investment—is infinite.
Even Higher Returns
For the sake of this example, let's say the property appreciates to $180,000. In order to follow the tax rules, I could borrow a portion of the $80,000 of appreciation in the form of an equity refinance. Refinancing this $180,000 property, I could receive an extra $70,000 in cash tax-free (since it is equity in the property, not income), while I continue to own and control the asset. So in ten years, I would get all of my $20,000 initial investment money back from passive income, which is tax-free money due to phantom depreciation deductions, possibly an extra $70,000 from the appreciation in the equity,

page 117
I may not know our net worth but we know how fast our cash is flowing." When reporters ask “Why are you not concerned about net worth?" I reply with two answers. Answer number one: "It is easy to lie to you and to myself about my net worth." Answer number two: "I am not concerned with how much money I have sitting around ... I am concerned about how hard my money is working, how fast it is moving, and where I will move it next. That is why I want to know as much as I can about all three asset classes rather than only one asset class. For example, if real estate is too expensive at the moment, or I cannot find a great deal, I will move my money into my hedge fund, receiving an additional 25 percent return until I see the real estate market change or a business opportunity appears. In my world, the velocity and safety of my money is far more important than the amount of my money."
The final lesson for this chapter is: Never forget that the object of the game is to get your money off the table and stay in the game. That is what every gambler knows and what every professional investor strives for. Only amateur investors put their money in their retirement plan and set the parking brake.
An Example of Increasing the Velocity of Your Money
Suppose you have $20.000 to invest. The following are three choices that you have.
Choice 1: Invest $20,000 in a mutual fund that earns 5 percent a year.
After seven years: your $20.000 should have grown to $28,000 assuming no market fluctuations.
Choice2: Invest $20,000 and borrow $180.000 from the bank for a $200,000 rental property and let your equity compound. Assume rental income only breaks even with expenses and the property appreciates at a rate of 5 percent a year.
After seven years: the property will be worth $281,000 and your equity is now $101,420, assuming no market fluctuations.
Choice 3: Invest $20,000 and borrow $180,000 from the bank for a $200,000 rental property. Rather than letting the equity compound, you borrow out the appreciation every two years and invest it in a new property at 10 percent down.



186 rich dad's who took my money?
The drawback: Of course, if you are not successful in building a profitable business, a business can be a very big liability and loss of money, which is why I so often recommend starting a part-time business before quitting your daytime job.
Accelerator #1: Other People's Money
The first accelerator in starting a business is to use other people's money. As you become a better businessperson, this will become easier because investors like winners.
Many people start their businesses using their own personal credit cards, loans from family members, or personal loans from banks. While this maybe necessary if you are just starting out, remember that the quickest way to accelerate your business is by inviting investors to join you. However, a word of caution: Be careful whom you invite to participate. You may want to maintain control of the management of the company and limit the involvement of the investors.
Also be careful how much equity you give up because as your company grows and needs additional moneys to expand, you may need to look for a second and or third round of investment dollars. Have this factored in when you create your original business plan.
You may also be able to fund your growth through the excess cash flow from your business. The first two years of the Rich Dad company, Sharon, Kim, and I took no money out of the company but reinvested it into growing the business.
The next step we took was to look for strategic partners. By licensing certain rights to them, and sharing the profits with them, we were able to expand using our strategic" partner's money and our strategic partner's distribution systems. We have used this strategic partner model many times in growing our business.
Accelerator #2; Entity Selection
Choosing the proper entity in which to hold your business is critical. You absolutely do NOT want to hold your business as a sole proprietorship or general partnership.
Review the various requirements and benefits of a C Corporation, S Corporation, Limited Liability Company (LLC), or Limited Partnership (LP) with your attorney and tax advisor to see which entity will provide the best pro-

Tin; power of powkr investing IS"7
tection for your business and result in the best tax advantages, thus maximizing your cash flow.
Accelerator #3: Other People's Time
If you are a good business owner, you have the leverage of other people and systems doing your work. In other words, if you are a good businessperson, it is the same as earning money for nothing, once the business is up and running. Most people will have to work for money for much of their lives because they work for a business rather than work to build a business.
Accelerator #4: Tax Laws
The tax man is on your side as a business owner. Review Chapter 5 on how the tax laws were written to benefit business owners and investors. By starting a business you may even be able to convert personal expenses into legitimate deductible business expenses.
Accelerator #5: Charity
My rich dad always reminded me of the saying "Give and you shall receive." Being generous and giving back to the community are essential elements in growing your business.
You may not know how the returns on your charitable giving will be realized, but they will be. The more people you serve, the richer you will become.
At our company, we regularly donate books and games to organizations. In addition we created the Foundation for Financial Literacy, which awards financial grants to organizations that create and support financial literacy programs that support the Rich Dad mission statement, "To elevate the financial well-being of humanity."
In addition, we have reinvested part of our company's profits into developing the commercial-free Web site, w\vw.richkidsmartkid.com, which has financial mini-games and curricula for children from kindergarten through high school. Schools from around the world may apply through this Web site and receive a free copy of our electronic game CASHFLOW for KIDS.
It is through the combination of all of these accelerators that you will be able to maximize/e the velocity of growing your business and your cash flow. You can then reinvest your cash flow into the business to continue its growth or invest it into new assets like real estate.


188 rich dad's who took my money?
ASSET #2: REAL ESTATE
Accelerator #6: Other People's Money
My banker is on my side for investing in real estate. Let's say I buy a $100,OO0 property by using:
$10,000 of my own money $90,000 of my bank's money
The banker allows the investor to also take the phantom cash flow as well as capital gains from their side of the investment. In other words, even if the bank technically owns 90 percent of the investment, the investor also gets the banker's share of the phantom cash flow as well as the banker's share of the capital gains. Think about that one. How many business partners will give you their share of the profits? In this case, your banker does. The banker has 90 percent of the risk but you receive their share of the profits. They get nothing but the interest, which is paid by your tenant. Ask your financial planner if your mutual fund will give you that great a deal. Will your mutual fund loan you 90 percent of the money, assume 90 percent of the risk, but take 0 percent of the profits? This is what rich dad called magic money.
Financial planners often say that employers often match their employees' contributions. That is at best a 1:1 ratio versus the 1:9 ratio in real estate.
Review Chapter 3. 'Ask Your Banker." for the three types of leverage offered by the bank:
In seeming the investment
Depreciation of entire asset
Ownership of appreciation
Accelerator #1: Entity Selection
Entity selection is again critical in understanding the secrets and strategies that the rich have used for generations to protect their real estate assets. Often you will want to have separate entities for each property so if one property is put at risk, your others are not.
Popular entities for holding real estate are limited liability companies (LLCs) and limited partnerships (IPs). You will want to get competent advice from your attorney and tax strategist, as the choice may also be important :>ased on your state laws.


194 rich dad's who took my money?
This represents a 12 percent cash-on-cash return, ($12,492 net income! on the initial investment of the 5100,000 down-payment) BEFORE depreciation.
Now let's add the impact from the depreciation deduction allowed by the tax law. Let's assume that this property is a residential rental property, as the deductions allowed are based on the type of property. The tax law allows you to do a cost segregation between personal property and the building and then also allows you to depreciate the personal property more quickly than the building. This is where your tax advisor can assist you in getting the largest depreciation deduction possible. Let's see how the depreciation impacts our income from the $1 million property outlined above.
Cash Flow from Property $12,492
Less: Component Depreciation $26,800 Phantom Deduction
Less: Building Depreciation $21.746 Phantom Deduction
Net Taxable Loss from Property $25,994 Paper Loss
This is where Robert's tax advisor Tom came in with his term magic money. This taxable loss, which is called a "paper loss," is created by the "phantom deduction" of depreciation. If you or your spouse qualifies as a real estate professional you can offset your other taxable income by this loss of $25,994.
Let's say your effective income tax rate (federal, state, and local) is 40 percent, your actual tax savings will be $10,398 from this paper loss offset. This brings your total cash return from the property to $22,890.
Cash Flow from Property $ 12,492
Plus Tax Savings from Paper Loss $ 10,398
Total Cash Return from Property $ 22,890
Your cash-on-cash return is now 23 percent
Utilizing Real Estate Paper Losses
As described earlier, the Tax Reform Act of 1986 made changes related to the deductibility of passive losses for individuals. Rental income is treated


the power of power investing 795
as a passive activity, and under the tax code an individual may offset any other passive income with real estate paper losses and may qualify to use up to an additional $25,000 of these passive losses as an offset against income from nonpassive sources like dividends and wages each year. However, this $25,000 limit starts to phase out once the individual's adjusted gross income hits $100,000 and is completely phased out at $150,000.
So how does an individual benefit from paper losses from real estate? One answer lies in making real estate your, or your spouse's, business.
An individual, or his or her spouse, may qualify as a real estate professional, which would convert their rental income from passive income to active income. To qualify, one of them must meet both of the following requirements:
• more than one half of the individual's personal services are per
formed in real-estate-related activities (not as an employee unless
he or she owns more than 5 percent in the employer);
AND
• spend more than 750 hours in the business of real estate.
If you want to qualify as a real estate professional it is important to keep accurate records of your activities and to seek a competent tax advisor. As a real estate professional you may also qualify to utilize the business deductions outlined in the business section above.
Paper Assets
In analyzing paper assets for investment it is important to understand enough of the jargon used in the market to ask the right questions of your financial advisor. For instance, rich dad and Robert both talk about investing in tax-exempt securities, which increase your cash flow without increasing your income tax. While these securities may be exempt from federal income tax, they may be subject to state income tax.

226 rich dad's who took my money?
Sharon's Notes =
Let's try to put it all together. Robert has shared many of his strategies in locating, selecting, and purchasing investments. The overall process is summarized here:
The seven ways to find investments:
Remember, people are lemmings—look for what's not popular.
Personal tragedy or calamity—your good investment may reduce someone else's tragedy or calamity, benefiting you both.
A recession—great time to invest.
Technical, political, or cultural changes—create opportunities.
20-10-5-year cycles—these are investment cycles that are good indicators.
Have a friend in the business—it is a "who you know" world sometimes. Be the first person they call with a new deal.
Pay more money. This allows you to tie up the deal (with contingencies and then analyze). Don't haggle.
The next four steps are to analyze the investment found:
Know your numbers . . . don't be a guessing gambler... do the due diligence.
Know the mistakes that lemmings make . . . don't follow the crowd.
Be generous. . . rather than greedy.
Be creative . . . there are many ways to make a deal.
Then remember the five considerations for each investment and how the investment fits into your overall investing strategy:
Earn/create—how will it generate cash flow for you?
Manage—how will you manage this investment?
Leverage—how much leverage will the investment provide, or can you get?
Protect—how should you hold the investment, maximize its profitability, and protect it from potential creditors?
Exit—how will you get your original investment moneys back?

How to find grkat invhstmknts 22"
Purchase the investment using rich dad's velocity of money investing plan:
Invest money into an asset using accelerators.
Get the original investment money back (exit strategy).
Keep control of the original asset.
Move the money into a new asset.
Get the investment money back.
6. Repeat the process.
It is the combination of all of these steps that generates true wealth and provides financial control over one's future. For reference, I am also including the chart "Why the Rich Get Richer," which brings it all together.

Whyth
E-S
e Rich Get Richer
B-l

Asset Accelerator
Job
OPM

Entity Selection

Business OPT

; 5-v. Tax Laws
& ~^f

4
Charity

OPM-S1 :$9
Savings
j*"4 Entity Selection
Get Out of Debt
Real Estate Tax Laws
Personal Residence
j • Depreciation
Mutual Funds
A
» Passive Loss
Equities 401(k)s, IRAs, SEPs
Tax Exempt Hedge Funds Paper Options

PPMs

IPOs


strangers and your money will work for the strangers—before your money-works for you.' So be smart, find the best profession for your money, and your money will take care of you. That is what investing is about."
What a Good Investor Cares About
Earlier in this book I wrote that an investor does five things. They are:
5. Exit
4. Protect
3. Leverage
2. Manage
1. Earn/Create
The reason a professional investor does these five steps in planning their investments is because they care about their money—their employees. In professional investing terms, these five steps are similar to a due diligence checklist.
When I was training to be a pilot, we were taught the importance of always following checklists. For example, before starting engines we ran through a written checklist. Before landing, we also ran through a written checklist. The same is true for professional investors. For example, before we purchase a new building we always go through a due diligence checklist. The process of going through this checklist has served us well and made us a lot of money over the years. If you are interested in seeing or using the same checklists we use, these can be found in our real estate investor products such as 6 Steps to Becoming a Successful Real Estate Investor and How to Increase the Income from Your Real Estate Investments, which is an in-depth guide to being better at property management, one of the most crucial aspects of real estate investing.

[Jessica Lukwago]

How can I read it on line I really love this book

[Mark · Rating 3 out of 5]

This book still holds up 10 years after it was written. In 2004 much of what was being discussed in the book was the stock market implosion in 2000, and the subsequent fall out. Like most Kiyosaki books there is a large amount of overlap with his seminal work "Rich Dad, Poor Dad", and this book touches on what was written in "Rich Dad's Prophecy" from 2002.

My favorite part is on page 116 called "Why do pilots wear parachutes?". In this section Robert gives a brief story explaining how we was taught how to eject from a plane long before he was taught how to fly a plane while at Naval Flight School. The moral of the story is have an exit strategy on every investment before you invest. Also, it shows how a 401(k) might not be the best strategy for everyone, because it hand cuffs the investor in many ways. He later goes on to insist you must keep your money moving rather than let it sit in a bank account or 401k, essentially hinting at what he calls velocity of money.

I also liked in, Part One, how he broke down many common professions and gave their view of the world, and how they would tell someone to invest. In part two he explains how a professional investor like himself would invest. Take your pick on where you get your advice but I'm sticking with a pro rather than the list of amateurs listed in the table of contents. The biggest take away's for me were: to start thinking longer term, to remember the 20-10-5 year cycles, and to take a more serious approach to tax planning.

[Mayank · Rating 5 out of 5]

This book blew me away. Although it doesn't have any specific actionable goals for you, because the author thinks what is right for one person is not right for everyone else, it is the first book which tells you to not invest for the long term in stocks/401k. In fact Robert doesnt even believe in 401k and retirement funds. He believes that everyone should be taught financial education early on to build a good base, so that people understand where there money is going and how to save. He believes that we should not hand out money to Fund Managers or any other institution without understanding how their money will be invested and how and on what principles it will grow. He has some sound principles on which he operates. He tells you to ask people who tell you that your money will grow in stock market since the stock market has on an average given you 9% returns, are they going to guarantee that ? He believes you should always invest with insurance, similar to how we drive a car with insurance or how a bank lends you money with insurance and background checks. In stock market you invest using insurance using Puts and Calls and also talks about Hedge Funds investing. Again no actionable advice but lots of little nuggets which are not conventional wisdom. Another of his golden tenets is that who ever tells you to invest for the long term is completely wrong and since everything has cycles. For e.g. he thinks that stock market crashes every 20 years, every 10 years there is something(i forgot :-( ) and every 5 years there is a natural calamity. He believes we need to watch for such cycles and move money between assets(business, real estate, stocks, bonds, commodities, etc). He also talks about watching for trends in different areas like interest rates, population growth and demographics, debt and relating that to investing. I am going to finish all his books and see if i can learn something concrete.

[MADHUKAR DAYAL · Rating 5 out of 5]

Robert T Kiyosaki has written a series of books, starting with "Rich Dad, Poor Dad", which have all revolutionized (personal and business) finance thinking. I am a fan, have read all his books, and have gifted Rich Dad, Poor Dad to many of my near ones! In this book, he emphasizes the need to move your "investment" money fast, that is, with high velocity, in order for it to make money for you. He also advocates the use of very high leverage, as is mostly done in real estate businesses. It appears from a few of his statements regarding the stock markets in this book that his experience there has not been satisfactory (one who is looking for speedy money, in my humble opinion, and of many experts on the subject, is going to be extremely frustrated in the long run). Leverage in real estate is considerably more deploy-able than in stocks as fall in stock prices can wipe you out completely, while this has rarely happened in real estate (of which history is the proof). Besides, real estate business, strategically planned and handled, can yield cashflows much larger (due to nearly 80% leverage) and faster in the hands of the investor than stocks (or, for that matter, several or most other financial assets). Perhaps, not having the required length and breadth of patience, and dissatisfied with his overall stock results, he advocates against it and suggests investing in real estate deploying large to very large leverage. Real estate investing involves a lot of time, several partnerships (from repairs of all kinds needed in the property to legal handling of all paperwork and issues). For so much labor, necessarily the real estate investments should yield higher returns. Investing for the long term in stocks, on the other hand, is for sleepy investors (if you know what I mean...;-)...).
Thus, a very good book for real estate aspirants or entrepreneurs, though, not only somewhat useful for financial products investors. Take your call.

[Đại Ngô · Rating 5 out of 5]

Sau nửa năm, nhiều lần tưởng chừng như bỏ dở vì quá dài. Do bộ sách này dài lên không phải phần nào cũng hấp dẫn. Nhưng mình vẫn kiên trì đọc, về tổng thể thì mình thấy nội dung cuốn sách rất rất hay. Như mở một chân trời mới đối với mình, giúp mình hiểu thêm một chút về thế giới của người giàu, về suy nghĩ và tư duy của họ. Nếu như không đọc thì mình có lẽ cũng không bao giờ biết được đến những điều đó.

Mỗi phần là một bài học sâu sắc và ý nghĩa về tài chính, về quy luật của đồng tiền, về bản chất của xã hội. Những nguy cơ mà người làm thuê có thể gặp phải. Giúp mình nhận thức được làm công ăn lương, hưởng bảo hiểm của chính phủ thực ra lại không an toàn chút nào. Ngẫm thì thấy đúng, qũy bảo hiểm, qũy lương hưu của nước mình thấy cũng mong manh, yếu ớt lắm. Một năm dọa vỡ không biết bao nhiêu lần. Đọc rồi mới biết đây là tình trạng chung của mọi chính quyền trên thế giới, không có cách giải quyết dứt điểm, càng ngày càng nghiêm trọng. Chỉ có 1 con đường duy nhất là tự giải cứu lấy chính mình thôi. Còn giải cứu thế nào thì mỗi người đọc sách sẽ có 1 ý tưởng, hay động lực riêng. Mình tin chắc là như vậy.

Điểm thú vị là cuốn sách về kinh tế nhưng được viết dựa trên kinh nghiệm và những bài học của cha nuôi tác giả, một triệu phú nổi tiếng và những bài học từ cha đẻ của tác giả, một cán bộ giáo dục nổi tiếng tại Hawai, nhưng lại là 1 người nghèo khó và thất bại cho đến cuối cuộc đời. 2 người cha, 2 thế giới, 2 bài học khác nhau cho cùng một vấn đề, nhưng đều có 1 ý nghĩa nào đó. Từ những bài học này, chúng ta có thể thấy được sự khác biệt trong tư duy của người giàu và người nghèo. Bản thân chính tôi sau khi đọc xong thì thấy mình đang có tư nghèo, rất nghèo. Nhưng cũng đã học được rất nhiều điều từ người cha giàu và đang dần thay đổi. Mình cũng đầu tư mua bộ trò chơi cashflow, chơi cũng rất thú vị, càng có lương cao thì càng khó thoát.

Điểm trừ ở bộ này là dài và lan man quá, nhiều bài học được tác giả lặp đi lặp lại. Thứ 2 là nghe giọng kể của tác giả thì những người có thắc mắc với tác giả về tư duy của người giàu, thì tác giả chỉ trả lời chung chung, và mặc định người nghe phải tư duy như người giàu rồi.
Review chi tiết bộ sách tại: https://bestchoicesvn.com/sach-hay-ne...

[Toan Huynh · Rating 4 out of 5]

Trong cuốn này, Robert Kiyosaki nhấn mạnh điểm khác biệt giữa đầu cơ mua thấp bán cao và đầu tư tạo ra dòng lưu kim thu nhập thụ động. Ông đưa ra một số chiến lược đầu tư để bạn có thể hình dung và áp dụng vào kế hoạch đầu tư của mình.

Ông đề nghị năm bước kiểm tra một kế hoạch đầu tư như sau:

Kiếm tiền/ tạo ra tiền: thu nhập nào khoản đầu tư tạo ra, nó sẽ bị đánh thuế ntn, thu nhập ảo trên khoản đầu tư đó là ntn?
Quản lý: quản lý thua lỗ nếu có, giảm chi phí, tăng thu nhập, lựa chọn thời điểm đóng thuế là những điều cần xem xét
Đòn bẩy: Các đòn bẩy nào đã được sử dụng?
Bảo vệ: Các loại bảo hiểm đã áp dụng, bảo vệ tài sản sau một pháp nhân, bảo vệ bằng các quỹ dự phòng.
Kết thúc: Có kế hoạch rút lui: trao đổi, hoặc cầm cố tài sản để vay tiền đầu tư chỗ khác...

[Dennis Normile · Rating 3 out of 5]

Kiyosaki makes very interesting points about the value of income (cash flow,) privately held businesses, and real estate outside of the context of a 401k. Unfortunately I believe his portrait of cyclical crashes is a bit misleading, and he never addresses purchasing equities for their dividends rather than potential appreciation. It’s worth a read, but probably the least impressive part of the Rich Dad series I have been exposed to.

Mostly I think this book is an interesting if vaguely constructed counterweight to the 401k/IRA as the end all of investing. If you have never personally considered owning real estate, private businesses, royalties or other income generating assets, you should read this book.

[Tyler · Rating 5 out of 5]

Fantastic read! There were a few things that I really did not agree with the author, but looking past what he said and kind of reading between the lines there is some absolutely amazing information here if you are trying to get into in investing. There is a wealth of information here. I think the most important thing in this book is not necessarily where to invest or how to invest, but the mindset of an investor. I think some of the things he says really are too risky, or at least too much to the extreme, but turning it down just a little bit and pulling back there is some crazy good stuff here. I learned a lot of new things and would recommend this book to anyone who loved Rich Dad Poor Dad.

[Jung]

To avoid poverty in old age, you need to start thinking about your financial situation now. If all you do is invest in mutual funds for the long term, your money will be stuck on the table – exposed to stock market sharks and at risk of being wiped out in the next crash. But if you combine different asset classes to create synergy and keep your money moving from one investment to the next, you can generate a constant cash flow and build true wealth.

Actionable advice:

Play more Monopoly!

It might sound hard to believe, but the secret to becoming financially independent is contained in the game of Monopoly. You need to hold on to cash flow–producing assets to win the game, just as you do in real life. So, get a group of friends, and have some fun. Your financial future will thank you!

[Huyền · Rating 4 out of 5]

Để trở nên vững vàng về tài chính không đơn giản trong việc bạn bỏ tiền vào đâu mà nó là cả một quá trình học hỏi không ngừng về đầu tư và trau dồi bản thân, nhận ra mình là kiểu đánh bạc từ trước đến giờ. Một số trích dẫn ấn tượng trong sách có thể kể tới như:
- Đầu tư về lãi vốn là đánh bạc
- Muốn làm một ông chủ giỏi trước tiên bạn phải là một nhân viên giỏi
- Tiền bạc là một trò chơi, bạn có thể thắng trong hiệp 1 nhưng không có gì đảm bảm bạn sẽ không thua trong hiệp 4, vì vậy hãy khiêm tốn và học hỏi không ngừng
- Tiền bạc là nhân viên tài chính của bạn, hãy cố gắng gửi nó vào nơi nó được trả đúng giá trị của nó đừng bắt nó phải đi làm vất vả vì một vài đồng còm cõi
- Nếu đồng tiền của bạn ko làm việc vì bạn, thì bạn phải làm việc vì đồng tiền

[Erick · Rating 5 out of 5]

Estoy leyendo ya 4 libros de Kiyosaki, me estaba decepcionando porque los anteriores libros que leí son de muchas generalidades y redundancia, sin embargo con este cambia totalmente mi perspectiva de el. Este libro es excelente, muy practico y va al grano, resume muchas cosas en cuanto a las inversiones, el dinero, técnicas de inversión, como empezar, que hicieron otros para tener éxito, que puntos debes tener en claro para una inversión exitosa, el proceso de convertirte en inversionista exitoso, la importancia de los negocios y bienes raíces y activos en papel con sinergia, la importancia de jugar el juego del dinero, entre muchos otros puntos que te abrirán los ojos. Excelente libro.

[Vicky · Rating 4 out of 5]

Una guía provocadora y directa que invita a repensar la relación con el dinero desde una perspectiva de juego estratégico. El juego del dinero propone salir del pensamiento tradicional y asumir una mentalidad de inversionista, donde el conocimiento financiero y la toma de riesgos conscientes son claves. Kiyosaki escribe con su estilo desafiante y pedagógico, combinando anécdotas, principios y ejercicios prácticos. Aunque algunas ideas pueden parecer extremas o repetitivas, el mensaje central es claro: la libertad financiera comienza con un cambio de mentalidad. Una lectura que sacude, inspira y empodera.

[Francisco · Rating 5 out of 5]

Robert Kiyosaki, conocido inversor de bienes raíces y uno de los autores incluidos en 'Aprendiendo de los mejores' (Alienta Editorial) te cuenta en este libro cuestiones muy interesantes para desarrollar tu educación financiera, algo clave porque "la educación financiera te lleva a la inteligencia financiera y la inteligencia financiera te lleva al éxio en el mundo del dinero".

Para más info y reseña: http://ow.ly/FI1A30hCQ6i

[Vân · Rating 5 out of 5]

Cũng như "Cha giàu, Cha nghèo" cuốn sách này khá chi tiết, và những điều rất khác biệt với những người đầu tư mà tôi vẫn hay thấy hằng ngày. Và một điều tác giả rất giống tôi, đó là từ khi còn nhỏ tôi đã quan niệm mình không thể làm thuê cả đời được, phải tự do tài chính, phải nắm giữ số phận của mình chứ không phải ai khác, đã đến lúc phải nghiêm túc hơn với đồng tiền của mình, bắt nó làm việc.
Thank Robert!

[Nghia Ngo · Rating 5 out of 5]

một cuốn sách phải có cho nhà đâu tư mới vào nghề ... bạn sẽ học được chiến lược phân bố đầu tư vào 3 loại tài sản doanh nghiệp, bds và tai sản giấy ... bên cạnh đó, cuốn sách cung cấp chỉ dẫn cách bảo vệ khoản đầu tư, dùng đòn bẩy tài chính, và các gia tốc phụ để tăng tốc ... cuối cùng là biết khi nào lên kết thúc khoản đầu tư ...

[Rahim Reading Enthusiastic · Rating 4 out of 5]

Amazing book robert kiyosaki is one of my favorite writers/mentors and in this book he is talking about the power of investment and how you should invest more than one asset also he is too talking about the taxes and how it's written to benefit only for business owners and investors... I recommend you to read if you want your money to work hard for you
...
Thank you Robert 💓

[Jamin W. · Rating 4 out of 5]

So many times we complain about not having money or others for bring rich. We never ask ourselves, how do the 1% become the 1%. what do they know that we don't. Education on money is the key to wealth. Ask yourself, what do you know about investing? If nothing, then only you can change that. "I can't" will only get you what that gives...nothing!

[Zhivko Kabaivanov · Rating 3 out of 5]

Rich Dad’s Who Took My Money? (2004) explains why the time-honored strategy of saving money, investing in mutual funds, and holding on to paper assets for the long term is all wrong.

Instead, if you want to get rich quick, you need to become a power investor who combines different asset types – like real estate, businesses, and stocks – to generate a continuous cash flow.

[Yatir Linden · Rating 3 out of 5]

Although some principles do make a lot of sense, some do not.
I find that some of the suggestions such as using 90% leverage from the bank to buy real estate and after 10 years recover all the costs far fetched for most settings.
The implementation of these principles are quite vague.

My recommendation, absorb the principles and take the implementation with a grain of salt.

[Libros En Un Castillo · Rating 4 out of 5]

El segundo libro de Robert, explica con peras y con manzanas las fluctuaciones del mercado y te aporta a la educación financiera personal, para saber cómo surge la idea del dinero y poco a poco va cobrando más importancia en la vida del humano, libro recomendado para los inexpertos como yo inquietos financieramente que buscan consejos para primerizos en el ámbito de la economía personal

[Oreana Rybak · Rating 5 out of 5]

Este libro verdaderamente me abrió la mentalidad a cosas que nunca me había planteado, y desde que lo leí, no he parado de pensar en que sí o sí debo hacer algo para cambiar mi vida si quiero tener un futuro prometedor, financieramente hablando. Lo recomiendo full si quieres leer algo de crecimiento financiero y personal, porque este libro de verdad que te pude abrir puertas si tomas acción.

[Stamen Stoev · Rating 4 out of 5]

Полезна от гледна точка да те накара да мислиш и да придобиеш обща представа за инвестирането и не само. Показва един по-различен поглед върху инвестициите и причините за инвестиране. Вдъхновяваща и пораждаща множество въпроси. Образоването продължава :)