'Rich Dad's Guide to Investing' follows the New York Times bestsellers 'Rich Dad, Poor Dad' and 'Rich Dad's CASHFLOW Quadrant'. Most of us know that the best investments never make it to market. This book discusses what the rich invest in that the poor and middle class do not. What follows is an insider's look into the world of investing, how the rich find the best investments, and how you can too. Robert Kiyosaki and Sharon Lechter show . . .7 Rich Dad's basic rules of investing 7 How to reduce your investment risk 7 Rich Dad's 10 Investor Controls 7 How to convert your earned income into passive and portfolio income 7 How you can be the ultimate investor!
The 90/10 Rule of Money
Most of us have heard of the 80/20 rule. In other words, 80% of our
success comes from 20% of our efforts. Originated by the Italian
economist Vilfredo Pareto in 1897 it is also known as the Principle of
Least Effort.
Rich dad agreed with the 80/20 rule for overall success in all areas but
money. When it came to money, he believed in the 90/10 rule. Rich dad
noticed that 10% of the people had 90% of the money. He pointed out that
in the world of movies, 10% of the actors made 90% of the money. He also
noticed that 10% of the athletes made 90% of the money as did 10% of the
musicians. The same 90/10 rule applies to the world of investing, which
is why his advice to investors was "Don't be average." An article in
The Wall Street Journal recently validated his opinion. It stated
that 90% of all corporate shares of stock in America are owned by just
10% of the people.
This book explains how some of the investors in the 10% have gained 90%
of the wealth and how you might be able to do the same.
Copyright © 2000 by Robert T. Kiyosaki
