Rich Dad’s Who Took My Money?
Why Slow Investors Lose and Fast Money Wins!
In Rich Dad’s Who Took My Money? Robert Kiyosaki teams up with Sharon Lechter for this 2004 publication about investing your money. Challenging conventional, and traditional methods of saving your money by investing for the long term in a buy, wait and diversify approach, Robert Kiyosaki discusses how he had to learn the hard way.
Sharing his experience in handing over his money to a mutual fund company, strangers in other words, his rich dad allowed Robert Kiyosaki to be patient with his bad investment, and wait for his mutual funds to rise. This never happened, and Robert Kiyosaki’s rich dad explained that handing your money over to financial organizations is like parking your car in a parking lot. Even though it is safe, and easy to do, which is why many people choose to do so, it is also at the same time on someone else’s property and not your own. Meaning that you are not in control of your investment and thus it makes it risky. Instead of being parked with your investments, your investments should be in motion, building momentum until your money is moving at a high velocity. Through such investments as real estate, and small business venture, advised Robert Kiyosaki’s rich dad, your money stays in motion instead of being parked in some other person’s parking lot. Rich dad says in other words that if you are going to park your money, it might as well be in your own lot making money for you.