Excerpt from Rich Dad's Guide to Investing by Robert Kiyosaki, Sharon L. Lechter, plus links to reviews, author biography & more

Summary |  Excerpt |  Reviews |  Readalikes |  Genres & Themes |  Author Bio

Rich Dad's Guide to Investing

What the Rich Invest in That the Poor and the Middle Class Do Not

by Robert Kiyosaki, Sharon L. Lechter

Rich Dad's Guide to Investing
  • Critics' Opinion:

    Readers' Opinion:

  • Paperback:
    Jun 2000, 405 pages

  • Rate this book

Buy This Book

About this Book

Print Excerpt

Mike suddenly stopped talking once he realized what he was saying. He realized that while he was living here, I was living on the other side of the island in drab military barracks.

"I’m sorry," he said. "I...didn’t mean to…"

"No apologies necessary," I said with a grin. "I’m happy for you. I’m glad you’re so wealthy and successful. You deserve it because you took the time to learn to run the business. I’ll be out of the barracks in a couple of years as soon as my contract with the Marine Corps is done."

Rich dad, sensing the tension between Mike and me, broke in and said, "And he’s done a better job than I have. I’m very proud of him. I’m proud of both my son and his wife. They are a great team and have earned everything they have. Now that you’re back from the war, it’s your turn Robert."

May I Invest With You?

"I’d love to invest with you," I eagerly replied. "I saved nearly $3,000 while I was in Vietnam and I’d like to invest it before I spend it. Can I invest with you?"

"Well, I’ll give you the name of a good stockbroker," rich dad said. "I’m sure he’ll give you some good advice, maybe even a hot tip or two."

"No, no, no," I said. "I want to invest in what you are investing in. Come on. You know how long I’ve known you two. I know you’ve always got something that you’re working on or investing in. I don’t want to go to a stockbroker. I want to be in a deal with you guys."

The room went silent as I waited for rich dad or Mike to respond. The silence grew into tension.

"Did I say something wrong?" I asked finally.

"No," said Mike. "Dad and I are investing in a couple of new projects that are exciting but I think it is best you call one of our stockbrokers first and begin investing with him."

Again there was silence, punctuated only by the clinking of the dishes and glasses as the maid cleared the table. Mike’s wife Connie excused herself and took the baby to another room.

"I don’t understand," I said. Turning to rich dad more than Mike, I continued, "All these years I’ve worked right along side the two of you building your business. I’ve worked for close to nothing. I went to college as you advised and I fought for my country as you said a young man should. Now that I’m old enough and I finally have a few dollars to invest, you seem to hesitate when I say I want to invest in what you invest in. I don’t understand. Why the cold shoulder–are you trying to snub me or push me away? Don’t you want me to get rich like you?"

"It’s not a cold shoulder," Mike replied. "And we would never snub you or not wish you to attain great wealth. It’s that things are different now."

Rich dad nodded his head in slow and silent agreement.

"We’d love to have you invest in what we invest in," rich dad finally said. "But it would be against the law."

"Against the law?" I echoed in loud disbelief. "Are you two doing something illegal?"

"No, no," said rich dad with a chuckle. "We would never do anything illegal. It’s too easy to get rich legally to ever risk going to jail for something illegal."

"And it is because we want to always remain on the right side of the law that we say it would be illegal for you to invest with us," said Mike.

"It’s not illegal for Mike and me to invest in what we invest in. But it would be illegal for you," rich dad tried to summarize.

"Why?" I asked.

"Because you’re not rich," said Mike softly and gently. "What we invest in is for rich people only."

Mike’s words went straight through me. Since he was my best friend, I knew they were difficult words for him to say to me. And although he said them as gently as possible, they still hurt and cut like a knife through my heart. I was beginning to sense how wide the financial gap between us was. While his dad and my dad both started out with nothing, he and his dad had achieved great wealth. My dad and I were still from the other side of the tracks, as they say. I could sense that this big house with the lovely white-sand beach was still far away for me, and the distance was measured in more than miles. Leaning back in my chair and crossing my arms in introspective thought, I sat there nodding quietly as I summarized that moment in our lives. We were both 25 years old but in many ways, Mike was 25 years ahead of me financially. My own dad had just been more or less fired from his government job and he was starting over with nothing at age 52. I had not even begun.

Copyright © 2000 by Robert T. Kiyosaki and Sharon L. Lechter

Membership Advantages
  • Reviews
  • "Beyond the Book" backstories
  • Free books to read and review (US only)
  • Find books by time period, setting & theme
  • Read-alike suggestions by book and author
  • Book club discussions
  • and much more!
  • Just $10 for 3 months or $35 for a year
  • More about membership!

Support BookBrowse

Become a Member
and discover your next great read!

Join Today!

Editor's Choice

  • Book Jacket: Crossing the Horizon
    Crossing the Horizon
    by Laurie Notaro
    In Crossing the Horizon, Laurie Notaro takes us back to a time when flying was a rare and risky ...
  • Book Jacket
    Auntie Poldi and the Sicilian Lions
    by Mario Giordano
    Munich matron and self-described worldly sophisticate, Isolde Oberreiter, has decided to retire to a...
  • Book Jacket: Of Arms and Artists
    Of Arms and Artists
    by Paul Staiti
    In the late eighteenth-century, the United States of America was still an emerging country, ...
Book Discussions
Book Jacket
The Bone Tree
by Greg Iles

An epic trilogy of blood and race, family and justice.

About the book
Join the discussion!

First Impressions

  • Book Jacket

    The Comet Seekers
    by Helen Sedgwick

    A magical, intoxicating debut novel, both intimate and epic.

    Read Member Reviews

Win this book!
Win The World of Poldark

Win the book & DVD

Enter to win The World of Poldark and the full first series on DVD.


Word Play

Solve this clue:

One S D N M A S

and be entered to win..

Books that     

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.


Free Weekly Newsletter

Keep up with what's happening in the world of books:
Reviews, previews, interviews and more!

Spam Free: Your email is never shared with anyone; opt out any time.