Robert t Kiyosaki is without a doubt one of the world’s foremost writers on matters of personal finance. He has done more than educate, he has created entire movements and a new understanding of personal finance principles for multiple generations. With 26 books, a board game and a financial training company to his name Kiyosaki have but a lot of information out there. Here we look at 10 of Robert Kiyosaki’s best books and why you should read them.
Rich Dad, Poor Dad
There is no way we could start this list with any other book. Rich Dad Poor Dad is a masterclass in storytelling that lays bare the rules of the game of personal finance and how to give yourself the best chance of winning in it. With over 32 million copies across the translations into 51 languages, you will hardly find a better book by Kiyosaki. This book also establishes the bedrock of the information that most other books by him rely on as prior reading.
Cashflow Quadrant: Rich Dad’s Guide to Financial Freedom
The Cashflow quadrant is a brilliant book that teaches some of the best lessons you will ever learn about income. The lessons of the book can be summarised into the quadrant itself but taking in the entirety of the book is so much better. In this book, you will learn all about the “quality” of income and how not all income is created equal.
Rich Dad’s Guide to Investing: What the Rich Invest In, That the Poor and Middle Class Do Not
One of the major learning outcomes of the Cashflow Quadrant is that the best type of income is investment income. Investments are not created equal. Zimbabweans will quickly relate to the loss of savings and investments experienced twice in the nation in the 21st century. Guide to investing is really about identifying the best types of investments, what makes them great and how to get into them.
The Real Book of Real Estate: Real Experts. Real Stories. Real Life
Robert Kiyosaki, together with his wife Kim, are large investors in real estate. This book serves as a collection of practical real estate lessons for those interested in becoming real estate investors. I would go further and recommend it to anyone who intends to be wealthy through investing to read at least once. While the lessons are specific to real estate and the US the principles apply universally beyond real estate investing.
Rich Dad’s Increase Your Financial IQ: Get Smarter with Your Money
The lessons of this book can be summed up in one statement you’ve probably heard; it’s not how much you make but how much you keep. Ok, maybe not that simple. The book looks deeper into this statement and equips the reader with much-needed proof of this. It also helps you learn to compare the many options that are available and how to work out which way to go.
Rich Dad’s Retire Young Retire Rich
This book provides practical insight on how to put together a financial plan which promises not only to make you prosperous but to allow you to map out the freedom to choose your own retirement age. Built upon Kiyosaki’s own personal experiences – he retired at the age of 49 – he shows how you can take advantage of smart investments in real estate and the stock market to help you control your own financial destiny.
The Business of the 21st Century
In this book, Kiyosaki talks about the rise of network marketing as the business model of the 21st century. The book was certainly ahead of its time as we see more and more evidence of the reasons he believed in the power of network marketing. This is great for those interested in multi-level marketing but I would say still worth a read if you are interested in understanding business models as a participant or practitioner.
Why the Rich Are Getting Richer
In this book, Robert Kiyosaki places the blame for the increasing wealth gap squarely on the shoulders of education and its teachings about money. Or the lack thereof. This is a position that many Zimbabweans will be very familiar with. The book builds on what was taught in Rich Dad Poor Dad and further explains the extent of the problem many adults find themself in.
Rich Dad’s Before You Quit Your Job
Don’t let the title of this book fool you. Provocative as it is, this is not what the book is intended for. The book is about imparting valuable entrepreneurship lessons that those who aspire to start their own businesses should learn. The irony is that you can learn a lot of these lessons if not all of them while in employment. And perhaps you should.
Second Chance: for Your Money, Your Life and Our World
Second chance for your money is all about recognising the times we find ourselves in. The Industrial age is over and the world is firmly stepping into the information age if it is not already there. This is a great moment of change and the point of the book is to help you figure out what this change means for you. It uses lessons from the past to focus our minds and eyes on the future that we are walking into.
Are there any books you felt could have made the list? Let us know in the comments.