Rich Dad’s Guide to Investing serves as a comprehensive guide for the reader’s venture into the world of investing. The author, Robert Kiyosaki, explains in detail the common mistakes committed by novice investors and the ways in which a newcomer can avoid those pitfalls to become a successful investor. The book is divided into forty two chapters across five phases, with each phase dealing with a different idea.
In the introduction, Kiyosaki explains to us the importance of investment and takes us through some of the most fundamental aspects of investment. Right from the very first chapters, he tells us ‘why’ we should build a business and how to go about it. The first phase of the book is called ‘Are You Prepared To Be An Investor?’, in which he asks his readers a simple question and ends with the 90/10 riddle which is, why does 10% of the people own 90% of the wealth?
In the next phase, Kiyosaki takes readers through the various kinds of investors and their styles. The third phase is where the author takes the readers through the journey of building a business. He asks simple questions as to why an individual would want to build a business and then runs through the nitty gritties of building a business.
He outlines the various aspects of business building and the different steps involved. In the fourth phase, he analyses how a sophisticated investor thinks and how one could become rich.
Rich Dad’s Guide To Investing is a useful for people who are not just beginners but also people who have been investing for a while.