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Donald Trump, Robert Kiyosaki: Why We Want You to be Rich (book review)

In the category of Business Reviews

 

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The rich may be different, but millionaires and billionaires are people, too. One of the more entertaining aspects of Why We Want You to be Rich: Two Men, One Message by Donald J. Trump and Robert T. Kiyosaki is the glimpse into the private lives and motivations of these two very wealthy men who are committed to teaching financial literacy to as many people as possible. Beyond the entertainment and certainly more important is the information and the primary message, which is that you need to take charge of your own financial future.

The book is divided into five parts. In the first, Trump and Kiyosaki explain how they met and decided to write the book. In the second, they explain their theories on investing and why investing to become rich is not risky but very predictable if you know what you're doing.

Parts three and four are worth reading and rereading. In part three, Trump and Kiyosaki share defining moments in their lives. Each chapter asks a 'what did you learn from' question, and both authors reveal significant insights into what has shaped them into the men they are today.

Responding to
'What did you learn from your father', Kiyosaki notes: 'Our traditional education did not prepare us for the real world. It prepared us to be employees'. Regardless of whether we are rich or poor, smart or not smart, the one common denominator we all have is that we use money'. To the question 'What did you learn from your mother', Trump writes: 'My mother's advice was simple but wise. It cuts to the core and keeps me focused and well-balanced. 'Trust in God and be true to yourself'. It doesn't get any better than that'.

In part four, Trump and Kiyosaki offer advice for readers at all stages and situations. No, they don't explain step-by-step how to invest in a property or choose a stock; instead they show readers how to educate themselves and take control of their financial lives, regardless of where they are at the moment. They don't tell you what to do; they tell you how to figure out for yourself what is best for you.

Finally, in part five, they push to you develop a plan and take action. They write: 'Ninety percent of the investing public wants to be given the magic formula, the answer that will make them rich'. 'You will need to find your own magic formula'.

The book concludes with both Trump and Kiyosaki urging you to do some serious and perhaps even painful self-evaluation. By itself, this book can't change your life it's just words on paper. But it can guide you to the plan and tools to do it yourself.

Trump and Kiyosaki, along with their co-authors Meredith McIver and Sharon Lechter, have produced one of their best works with Why We Want You to be Rich: Two Men, One Message.

Jordan Taylor is the editor of Millionaire Mentor Newsletter, which is published by Whitney Education Group, Inc. To sign up for a free subscription, visit http://www.russwhitney.com

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