Get Your Free Audiobook

Non-member price: $27.85

After 30 days, Audible is $16.45/mo. Cancel anytime.

Publisher's Summary

Learn what financial advisors don’t want you to know!

Robert’s rich dad often told him: “The faster your money moves, the higher the returns and the lower your risk.” Conventional financial wisdom recommends that you save money and invest for the long term. In other words: park your money. 

That was not rich dad’s advice. He taught Robert to increase the velocity of my money. And, even if you start small, it’s advice that anyone can follow and benefit from.

©2004, 2012 Robert T. Kiyosaki (P)2013 Brilliance Audio, all rights reserved.

What listeners say about Rich Dad's Who Took My Money?

Average Customer Ratings
Overall
  • 5 out of 5 stars
  • 5 Stars
    34
  • 4 Stars
    5
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 5 out of 5 stars
  • 5 Stars
    30
  • 4 Stars
    6
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 4.5 out of 5 stars
  • 5 Stars
    27
  • 4 Stars
    7
  • 3 Stars
    2
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Jai
  • 28-06-2017

The Most Important Book of RDPD series

Would you recommend this audiobook to a friend? If so, why?

Most people I know who read Rich Dad Poor Dad just read that one book and ignore the other books. Somehow I followed through all of his books and I thought this is probably the most important book in the series - if you are looking for more technical knowledge on becoming rich, rather than philosophical knowledge. Don't get me wrong. It is very important to get "RICH People" philosophical knowledge before you get their technical knowledge. But make sure you complete the learning with abundant technical knowledge in the end.

In short, THIS IS A MUST READ. But it is recommended to read this book after reading the two books below -
1. RICH DAD POOR DAD ORIGINAL BOOK BY R. KIYOSAKI
2. RICH DAD'S GUIDE TO INVESTING BY R. KIYOSAKI

2 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

A great book - en education

Robert Kiyosaki’s serious of fanatical literacy books has brought hope in my perspective of live. Thank you

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Great content!!!

Got a lot out of this I work as a financial planner 👏🏿👏🏿👏🏿
Thanks Robert for the great insights

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars

Loved it

Very informative and practical.. very happy with my purchase. Will suggest this book to my friends

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Great book and definitely worth your time!

I would recommend this book to anyone who is serious about investing and would like to know the basics of asset classes and the tax benefits of investing in real estate.

The book was easy to listen to and easy to follow - it's very well written.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • OTS
  • 08-03-2015

I am taking my money back from who took it.

Brilliant. Good narrator. Helpful insight into the real world financials. Invest in your financial education to gain financial freedom.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Roger A
  • Roger A
  • 10-03-2019

Read the main books of rich dad then come to this one

In case you don’t have time or don’t want to pay much , here’s my keynotes summary for all the book:

> WHO TOOK MY MONEY:
(From Rich dad poor dad series)

3 types of income
Ordinary
Portfolio
Passive

Model for building wealth:
1-Earn / Create
2- manage
3- leverage
4- protect
5- Exit

Remember to have a financial statement:
(This is from a video/previous book) and not from the book
- income
- Expenses
- Assets
- Liabilities
CASH-FLOW

Financial IQ is : can you control the cash flow ?

Poor quality food affects one’s health
Poor quality information affects one’s wealth

If you suspect something is an opinion rather than a fact or principle always Remember the 4 magical words! :

WILL YOU GUARANTEE IT ?
(in writing)

Buy upon facts and principles and not on opinions.

Don’t let your money sit
Markets move, keep your money moving, move it into businesses then out of them (exist)
Velocity and safety of the money is far more important than the amount of your money.

Never forget that the object of the game is to get your money
off the table and stay in the game
That what every gambler knows and every professional investor strives for!

Amazing example for $20000 investments and how to Increase the VELOCITY of your money!

1- 5% annual rate (mutual funds)
Net equity 28 K for 7 years
2- pay 20k deposit & borrow 180 000 from a bank and property appreciate
281k
Equity $101 for 7 years
Average annual return 58%

Professional investor:
3- pay 20k deposit and borrow 180 k from the bank for a 200k property.
Instead of compounding of the equity, you borrow out the appreciation of the asset every 2 years and you invest in a new property at 10% down.
After 7 years the total value of your propreties
2 million 22 K and ur
Net equity 273 K
Average annual return on the 20k inv. 180.9%
Aaaahhh

All assuming no market fluctuations

Don’t leave your money on the table.

Newton’s Law:
For each action an equal opposite reaction.
What goes up must go down.

TRENDS TO WATCH:

1-Demographics
(Check the demography for people in a market, you will foresee the ripple)

1-price of gold

2- Debt
Like the US dollars from gold to silver to iou (money now is debt)
If prices rise Cz your dollars $ becomes worse less and less this is called inflation
When there’s inflation debtors are winners And savers are losers.

3- Interest Rates:

When the government\federal reserves lowers the interest rates
One reaction to falling stock prices & interest rates is a rise of real estate prices.
Lowers interest rates punished savers.
Savers to get out of the bank and invest into the market place.
Bankers do not like savers, bankers love borrowers.
Cz your savings are assets to you and are a liability to your bank.

Bank makes more money by lending you money more than by borrowing money.

4- precession and Lag

When a stone is dropped in hr water not only theres an equal and opposite reaction but there’s also a reaction at
90 degrees, which is the ripple we see moving across the pond
That’s an example of precession!

The delay in time from when the stone hit the water and the ripple hits the far shore is known as Lag!

Both are universal principles/ laws of nature.
The reasons that precession and lag are important is because too many investors watch only the stone’s action and not entire omni-spherical time delayed reaction.

No need to watch the market super closely, you can take longer view of the market.

Ex: trend in population
You can plan ur real investment accordingly, rather than panic when prices rise...
Or buying a piece of raw land and wait till the town grow into it...depends on the growth rate...

5- Financial intelligence:
Keep your ego and arrogance in check.
Remind yourself to be more grateful and humble

Life is a game of time and money
Financial game plan
Your working 25-65
Each 10years quarters

25-35 1st quarter
35-45: 2nd quarter
half time mid life crisis
45-55: 3rd quarter
55-65 4th quarter time

The difference is to learn to enjoy the game.
If you want to take control your money & investing yourself rather turning it to strangers:
- remember that loosing is part of wining and both are part of the game.
- The more you play the better you get, The better you get, the better your team gets, the better your team gets the more you enjoy the game, the more you enjoy the game, the better chances of improving your score.
- The game of money is not really abt money, it’s about how well you play the game.
- One of the reasons why Hard working people loose the game is because they avoid the game


Over time: can’t afford to retire
Out of time: now what?

Respect Father Time!
Some of the cycles and trends a person must pay attention are:

- Windows of opportunity (Time waits for no one)
- Life changes (life does change)
We need more than jobs!
We need more financial education.
A job is only a short term solution to the long term problem of how we survive financially. Especially when we are not working or not be able to work any longer or loose everything and have to start all again.

Our schools only focus on the E and S quadrants, and not on the B and I quadrants.
Do not expect to win every time you throw the dice

Markets move on as time marches on.

Make 2 careers
1 for you
1 for your money

Saying can’t will end there and it’s easier to say I can’t than to say I can. Saying I can’t limit your potential.

The businesses that make life the easiest are the businesses that make the most money (auto industry)


Author & Poet Marcel pruced
The only real voyage of discovery consists not in seeking new Landscapes But in having new eyes.

Power investors invest in at least 2 classes of assets. Thank

The 4 major assets classes:
1- business
2-real estates
3- paper assets
4-commodities was

Power investing plan:

1- Start a business
2- invest the cash-flow from the business into real estate
3-invest your excess cash-flow into paper asset.

The 1st business accelerator is OPM
other people’s money.

(In real estate 10k down, 90 from banks...)banker has 90% of the risk, but ou receive their share of the profits, they get nothing but the interest which will be paid by the tenants!!!
Magic money! 1/9 ratio!


The 2nd business accelerator
Entity selection
Which to hold your
Review the various requirements and benefits of a C corporation
S corporation
LLC limited liability company
LP limites partnership

In real estate
Entity selection is so important/critical
Often you need to have separate Entities for each property so if one property is put at risk the others are NOT!
(Choose maybe based on state Laws!)

With your attorney and tax advisor to see which entity will provide the best protection for your business AND RESULT IN THE BEST TAX ADVANTAGES
This maximizing your cash-flow

The 3rd accelerator is OPT
Other people & systems time (doing your work)

Most people work for businesses rather than working for building a business.

The 4th accelerator TAX LAWS
The tax man is on ur side as business owner.

In real estate (check phantom
Cash-flow from depreciation)


The 5th Accelerator CHARITY
the more people you serve the richer you become.

The 11th accelerator OPTIONS (for stocks)

Invest for cash-flow and not for capital gain.

If you invest for Capital gains you invest in hope.
The biggest thief of all is hope.
Gamblers think they are investors.
An investment needs to make sense today And tomorrow!

Invest for :
1-cash-flow (steady stream of cash-flow so thentax advantages won’t be limited
2-tax advantages
3-capital gains (3rd order of priorities)

Be fearful when others are greedy
Be greedy when others are fearful.
You can’t buy what’s popular and do well
I only go to the market to see if someone is about to do something silly.
Warren buffet.

The worse time to invest is when the market is good.
Tales of success bring suckers to the market.

Read financial statement
Understand trends
Have good advisers
To not invest in what’s popular
Find a great investments that others people miss

7 ways to find good in vestments in good or bad market:

1-Remember that people are lemmings (amateurs)
2-become an expert on certain mistakes and you will be rich.
(Opportunities repeat themselves)
3- buy during a recession
4- buy when a unfortunate event or tragedy (but use your conscience)
5-learn slowly and learn forever.
Desire takes places where logic can not.

6-Learn the 20-10-5 cycle as a reminder.
20 years equity year cycle
10 years commodities
5 years disaster
7- pay your brokers and advisors well (or a bit more

Or summary of finding better investments.
1- know ur numbers don’t be a guessing number
2- know the mistakes that lemmings do
3- be generous
4- be creative
(Find

Give your money for strangers and your money will work for strangers before you! So be smart find a profession for your money and your money will work hard for you to read it as your employee and find work for your employee and it will take care of you. That is what all investment is all about.

A good investor before investing in Anything!
does 5 things or runs a
Due diligence Checklist
1- EARN/CREATE
Ex. When u buy a property it should create passing and phantom which are the less taxed!
2-MANAGE
Ex.work to reduce your expense, increase your income, choose when you want to pay your taxes, reduce your taxable income.
If they are loses, use those loses to your advantage!
3-LEVERAGE
Real estate is the easiest of all investments to leverage!
80 to 90% is not uncommon!
The tax department offers additional leverage through tax incentives which are numerous!
4-PROTECT
protect your property with different insurances!
Also with Different corporate entities , and with Non recourse financing if you feel the need to be extra cautious.
Add an xtra layer of protection by creating a Sinking fund which accumulate xtra cash for emergencies.
5-EXIST
Rather than selling your property which will trigger a taxable event, often
Exchange your property without paying taxes!
Or u can borrow out the equity tax free and invest your tax free borrowed money with for example a new investment property or a Boat!

Regardless in which class you invest your money,
Treat those assets the same as you would treat your self (with respect).

36 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for T.Sharpe
  • T.Sharpe
  • 11-07-2017

The best add on to the First Rich Dad Book

This is an Excellent book. I have listened to it 3 times and will buy the paperback as well. I have just about ever Rich Dad book. This one will help you with understanding the velocity of your assets.

5 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Tecumseh
  • Tecumseh
  • 27-06-2017

Again an eyeopener

I panicked when I recognized I made a mistake that was described in this book but then came the advice to sit out the storm and think of better ways and act on it. Well , I will loose money, but I learned my lesson and now I know what questions to ask even it gets me kicked out of the advisers office
Thank you Mr Kiyosaki!

3 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Pablo
  • Pablo
  • 11-02-2016

Librado2021

amazing book, strong education , for new learners or educated people, I strongly recommended, no fear.

2 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    3 out of 5 stars
Profile Image for Paul
  • Paul
  • 30-01-2021

Waste of time

I listen to audio books when I prepare and eating meals, while I can’t read. Even for this, the book is waste of time. I got through 90 minutes before giving up.
You will be better getting one of Suzie Orman “Investing for dummies” books.

1 person found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    3 out of 5 stars
Profile Image for Michael
  • Michael
  • 18-12-2020

Another typical Rich Dad book

I have a love-hate relationship with the Rich Dad books. They all contain a few good points and nuggets of wisdom that are absolutely buried beneath a mile of mediocre writing, laughably unbelievable conversations presented as actual events, and repetitive passages. This one is no different.

The contents of this book leverage heavily the content of the Cashflow Quadrant book, which I haven’t read but the basics are repeated in here. Basically, the overall gist of this book is to make your goal to make money work for you, rather than focus on “earning” your retirement by just working hard. As is repeated several times in the book, you may have a job/profession, and so should your money.

Kiyosaki impresses the need to consider earned wages and 401ks as the slowest and riskiest route to retirement, since your liquidity is tied up and market cycles make it virtually inevitable that you’ll lose a chunk of your savings at least twice before retirement.

As always, there’s a focus on investing in real estate; but here he clarifies that it’s due to long term trends in markets and population growth, not necessarily because real estate is bulletproof (which it isn’t) or easy. In fact, he admits the opposite: investing in real estate and creating small businesses can be so profitable precisely because they are difficult, which weeds out the many would-be “lemmings” that simply want to throw their excess money into easy-to-manage financial vehicles (like mutual funds and stocks).

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for Martha
  • Martha
  • 11-10-2018

Loved it

this book is amazing and extremely helpful for anyone with basic knowledge of financial terms, a little bit repetitive but it my case, it helped me reinforce the information and grasp the concepts better.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Tem
  • Tem
  • 13-01-2017

an investor must read

very interesting and informative take on various investment strategies. Kiyosaki does a great job of broadening people's perspective on how to generate income.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for David
  • David
  • 14-04-2016

Thank you Robert

Thank you Robert for explaining more in debth several things that you have not in the past. Thanks to you i have spent many months looking for that perfect property to provide me with passive income so that i may hopefully be able to leverage that to aquire more properties and eventualy be financialy free and be able to spend my days helping the less fortunate kids of this world especialy in Honduras. That is my goal for the next 10 years and I am 29 now. Once again thank you from the bottom of my heart you have started me on a path that will hopefully change the loves of millions of children in a war torn a poverty stricken country.

sincerely,
Nate
Kansas City, MO

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    3 out of 5 stars
Profile Image for Anonymous User
  • Anonymous User
  • 05-03-2021

Knowledge of money

Thanks Mr. R you have a different way of seeing how to maneuver through life

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Ady
  • Ady
  • 13-08-2020

Another great read!

If you like Robert then this is another must listen as part of your education.

1 person found this helpful

  • Overall
    3 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    3 out of 5 stars
Profile Image for Amazon Customer
  • Amazon Customer
  • 02-03-2021

Great last two chapters

Overall, I found this audiobook slow and unnecessarily drawn out. The wisdom Robert shares is no doubt valuable, but can also be found within a number of his other books. If you’re on the fence about listening to this one in particular, I personally wouldn’t recommend it. Although I must admit that I enjoyed the last two chapters if nothing else. Robert’s written many great books which I do highly recommend such as, Rich Dad Poor Dad, Cashflow Quadrant, Increase Your Financial IQ and Fake.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for wrecklesme
  • wrecklesme
  • 14-06-2020

Great insights to those who want to control risks.

I became so addicted listening to RK's audibooks especially the ones narrated by Tim Wheeler.. it engaged my mind to listen and contemplate on the messages. I bought the audible as well as the paper covers as I am intending to teach and give my children a heads up. x

In the spirit of reconciliation, Audible Australia acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.