October 8, 2006 1:22 AM
Why We Want You to Be Rich - A Book By Robert Kiyosaki And Donald Trump
It is an interesting mix. I admire Trump's achievements but think Kiyosaki is mostly a liar. However, I love the tone of the book. To me, it is as important to grow the top line of one's income statement as to live below one's means. Take a look of Kiplinger's Personal Finance's interview of the duo before you buy the book.
From Kiplinger's Personal Finance:
KIPLINGER'S: Mr. Trump, what's the most important thing readers should take away from the book?
TRUMP: I think it's just that they are going to have a better life. Money is not everything, as the expression goes, but it certainly makes life easier. And we teach people how to make money and we teach people how to have a better life. And some of that is through money and some of that is through attitude. The book is very much about attitude and it is also about creation of wealth.
Mr. Kiyosaki, would you agree?
KIYOSAKI: Yes, but I think the main reason we got together was not to talk so much about money, but also the concern about the collapse of pension plans, the idea that so many Americans don't have 401(k)s or Medicare and health insurance costs are on the way up. Why we got together was that most financial experts say to live below your means. And Mr. Trump and I definitely don't live below our means; we work hard to expand our means. I think that's what makes our book different than the traditional personal-finance book, which says live below your means, save money and invest in mutual funds. It's very different.
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