Courses Infomation
Rich Dads Guide To Investing by Robert Kiyosaki
Rich Dads Guide To Investing by Robert Kiyosaki
Forex Trading – Foreign Exchange Course
You want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
Investing Guide
“Investing might signify many things to various people. In actuality, there are several investments for the wealthy, middle class, and impoverished. Anyone who wants to become a wealthy investor and invest in the same things the wealthy do should read Rich Dad’s Guide to Investing. It is a “guide,” as the title indicates, and solely provides advice. Bob Kiyosaki
The information in Rich Dad’s Guide to Investing is
The fundamental investment guidelines from Rich Dad • How to lower your investment risk • The 10 Investor Controls of Rich Dad How to transform your regular income into passive and investment income How to become the ideal investor How to convert your concepts become billion-dollar companies How and why so many individuals will file for bankruptcy today
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If not for anything else, the wealthy are distinct from the rest of us because U.S. tax and securities regulations permit them to invest in ways that prevent us from catching up to them. Because of this, 10% of the population owns 90% of the stock in all corporations. Kiyosaki thinks that anyone can get to the top of that 10 percent, but it requires a different approach to investing than most people do: a successful investor needs a strategy. Additionally, a strategy entails more than just purchasing and selling or amassing so-called “assets” that generate no income and are actually more comparable to liabilities. He says that the majority of investors “may as well be pulling a wheelbarrow in a circle.” A plan is “mechanical, automated, and dull,” a recipe for achievement that has traditionally produced positive results for the majority of its users. The greatest comparison, according to Kiyosaki’s “rich dad” (who is actually the father of his closest friend), is the Monopoly game: purchase four green homes, exchange them for one red hotel, and keep doing this until you are wealthy.
The main takeaway from Rich Dad’s Guide to Investing is that there are plenty of opportunities for savvy investors in this world of abundance. However, it might take some time to realize this fact. The youthful Kiyosaki and his wealthy father converse for a large portion of the novel, and these exchanges sometimes become rambling. For instance, Kiyosaki’s affluent dad compares investor education to toilet training: tough at first but later automatic, in the middle of a section on the fundamentals of investing. But reading through a lot of the same old discourse is necessary to get these creative analogies. It’s a little weird that someone who promotes discipline in investing should write so little. But at the book’s conclusion, even the rambling makes sense. The ideas that the wealthy don’t work for their money and that you don’t need money to create money start to make sense after you’ve read them 100 times each. Although it still seems challenging to put these concepts into reality, Rich Dad’s Guide to Investing makes the argument that they will be successful for anyone brave and astute enough to put them into action. Louis Schuler An out-of-print or unobtainable edition of this book is mentioned in this text.
Review
“Investing might signify many things to various people. In actuality, there are several investments for the wealthy, lower-class, and middle class. The long-term investing guide Rich Dad’s Guide to Investing is for anybody who wants to become a wealthy investor and invest in the same things the wealthy do. It is a “guide,” as the title indicates, and makes no assurances, just like my wealthy father gave me no guarantees but simply direction. Kiyosaki Robert T. The Cashflow Quadrant by Rich Dad, Poor Dad, and Rich Dad is written by – An out-of-print or unobtainable edition of this book is mentioned in this text.
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