Who Moved My Money by Robert T. Kiyosaki – Book Review

title and author: who took my money by Robert T Kiyosaki

Content Synopsis:

This book is from the author of a series of popular wealth books beginning with Rich Dad, Poor Dad in 1997. The author’s goal is to teach people the fundamental principles of successful wealth creation. In this book, Kiyosaki focuses on investing.

In Part I, he asks the question “What should I invest in?” from the perspective of a number of financial standpoints, including ranchers, tax advisers, bankers, gamblers, etc.

In addition to the insights provided by Kiyosaki, you’ll find notes by his co-author, Sharon L. Lechter, CPA. Lechter is the co-author of many of Kiyosaki’s books and provides some basic financial advice to reinforce some of Kiyosaki’s more general principles.

This book contains some redundancies, but as a self-proclaimed educator, Kiyosaki would no doubt argue that repetition is essential to education, and I cannot disagree. Since many readers only read a book once instead of studying it over time, repetition can be a strong point.

In general, there are two main schools of thought for average investors: invest gradually and steadily over time, and use the power of long-term investing to build wealth, or invest with higher risk but higher return using investment methods. more complex. Kiyosaki falls into the second group. He disparages dollar cost averaging and so-called “slow investing” and advertises “fast money.” As you might guess, this carries some caution. People make large amounts of money quickly in various markets, but never without a higher level of risk. Boasting about his personal financial failures and his bankruptcy, Kiyosaki argues that the increased risk is worth it and too much caution means too little return. In this regard, one should always carefully weigh the advice of him.

Caution: None of the authors is a certified financial advisor. They do not provide independent verification of your investment skill level or your own personal performance.

Readability/Writing Quality:

Like all of his books, this one is reasonably well written and easy to follow. Use real-life illustrations and easy-to-understand arithmetic to demonstrate numbers.

Notes on the author:

Robert Kiyosaki and Sharon Lechter are authors who have partnered on a series of books on investing and wealth building. His books are aimed at the novice, someone who needs to learn the basics of how wealth is created.

Release information:

who took my money by Robert T. Kiyosaki with Sharon L. Lechter, CPA. Copyright 2004 by Robert T. Kiyosaki with Sharon L. Lechter. Published by Time Warner Books.

Rating of this book

Overall book rating: Good

Writing Style: Easy to follow.

Utility: Useful as an introduction to investing.