7/27/2023 0 Comments Rich dad poor dad cashflow![]() ![]() Kiyosaki summarizes this book near the end: He strongly recommends that you assemble a financial team of lawyers, accountants, and financial advisers. He also promotes hedges and "bear" investments to profit during market downturns, as well as traditional investments such as stocks and bonds. ![]() He says that the real money is made by the rich when they invest from the inside: through businesses they start and then sell or take public, companies they invest in pre-IPO, and real estate. Kiyosaki says that average investors invest from the outside, through public stocks and mutual funds. The book’s subtitle promises to reveal what the rich invest in, that the poor and middle class do not. He advises that you take advantage of the legal benefits of business ownership, acquiring assets as a business to minimize taxes. Kiyosaki says that average investors invest to obtain comfort and security, but the rich invest primarily to become rich, and secondarily for comfort and security. His books are more strategic than operational, although there are operational tips sprinkled throughout. He opens your eyes to the possibilities of obtaining wealth, gives a few general pointers, then leaves it up to you (and your financial team) to work out the details. Like all Kiyosaki’s books that I’ve read so far ( Rich Dad, Poor Dad, Cashflow Quadrant: Rich Dad's Guide to Financial Freedom, Rich Dad's Retire Young, Retire Rich), this one is more about developing the proper mental attitude to become rich, rather than a step-by-step handbook. ![]()
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