Monday, January 4, 2010

newnoise1 reviews the genius of Robert Kiyosaki

Some nights I wake up in a cold sweat after a recurring nightmare. In this dream Robert Kiyosaki first publishes his books on money, saving and investment in 2030, five years before I retire.

I feel like Allison DuBois in Medium when I wake up and realize I still have a year or two to get what he's saying. My only wish is that he said it when I was twenty and not forty. Not that I would have cared one dot about what he was saying then. I felt, as a writer, that money is not what it is about. Little did I know that, even if you are some kind of artist, money is still what makes the world go round. Like someone once said show business is one part business.

Like most twenty year olds I never imagined I would make it to forty. Like the majority I am just as surprised. Frankly, during that time my life was about pursuing experiences as a writer. These experiences often centered on going to dozens of parties in the tradition of The Great Gatsby. Don't let me go there . . .

No matter, even if you are 80 years old you can learn from Robert. However, it would help if you can start reading Robert's books when you are 6 years old. This will provide you with a priceless foundation to start off your investment career and your life in general.

Writers of genius make their readers adjust their focus. Robert's magic is that he turns how average people think about money on its head. He bluntly reveals that the average salary earner has many reasons to panic. He forces you to take a reality check on what you think of as a safe and secure monthly income.

He will inspire you if you had a hard time at school. He had a worse time. If you lost money, he lost more. Don't be fooled, no matter how easy he makes it look it's hard, hard work that takes extreme discipline.

His books are not textbooks. You won't need a degree in Economy or at least an MBA to understand them. His sophistication and knowledge is of such a quality that he can share his life experiences in simple terms. You have to concentrate or you will miss what he's saying.

Which is basically don't buy crap. Rather save or invest your money until you find something worthwhile buying. Something worthwhile is something that will provide you with an income in the long term something that will not depreciate in value.

Furthermore, learn about money, know how it works. Not knowing anything about money, savings and investments is the root of all evil. Ever heard of the guy who won a million in the lottery and was bankrupt three years later? That explains why having money does not mean you know what to do with it.

Don't go overboard with Robert's advice. Once you get what he's saying in Rich Dad's Cashflow Quadrant and Rich Dad Poor Dad don't hand in your resignation and start your own business or buy three houses with your nest egg. First read Before you Quit Your Job and The ABC's of Real Estate Investing.

The minute you think you know it all read Rich Dad's Guide to Investing.

We can't all be Robert Kiyosaki but we can at least find out how and why the minds of the rich and wealthy work.

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