Rich Dad's Who Took My Money?: Why Slow Investors Lose and Fast Money Wins! Audible Audiobook – Unabridged
Learn what financial advisors don’t want you to know!
Robert’s rich dad often told him: “The faster your money moves, the higher the returns and the lower your risk.” Conventional financial wisdom recommends that you save money and invest for the long term. In other words: park your money.
That was not rich dad’s advice. He taught Robert to increase the velocity of my money. And, even if you start small, it’s advice that anyone can follow and benefit from.
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|Listening Length||8 hours and 22 minutes|
|Author||Robert T. Kiyosaki|
|Audible.in Release Date||16 January 2013|
|Best Sellers Rank|| #9,771 in Audible Books & Originals (See Top 100 in Audible Books & Originals) |
#223 in Investing & Trading
#299 in Personal Finance
#19,665 in Personal Transformation
Top reviews from India
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I love how easily it's explained how we are losing money, revealing the 20-10-5 rule(I didn't expected any such rule but actually it's true) and many other factors
The quality of book is good
I bought this book at ₹480 so you should wait for such a deal because 799 is highly overpriced for this book
I read 2-3 books of Robert Kiyosaki. It is like sequence of a movie. Each book is linked most of the ideas of previous book. But it gives an inspiration to whomsoever want to be entrepreneur or business people. Nice one so buy and read it.
Top reviews from other countries
In that sense it can get quite technical and sometimes makes for hard reading.
Instead of the easy to understand mantra we got from the first book, which showed in clear terms why a house (or other possession) may be considered a liability instead of an asset (reminder, if it costs you money, it's a liability, according to the book) you now get to understand how leveraging your business might supercharge the leverage in your real estate, which can then be cycled into the stock market for capital gains etc.
In other words, don't expect as breezy or interesting a reading experience as Rich Dad Poor Dad.
The real take away I got from this book was that the investor is far more of a risk than any actual investment. If your mindset is money orientated and you can grasp the details of a deal, you can take an under performing investment and turn it into something profitable.