Rich Woman: A Book on Investing for Women - Because I Hate Being Told What to Do! 
asked by bones on November 9, 2006 4:19 PM
Written by Kim Kiyosaki - -the wife of bestselling author Robert Kiyosaki - RICH WOMAN is for women who insist on being financially independent - without depending on a man, family, company, or government to take care of them. In her book, Kiyosaki applies the same moneymaking strategies that have made RICH DAD POOR DAD one of the great publishing success stories of all time - but in a voice that is aimed directly at women. No matter what your financial background is or your current job situation, RICH WOMAN provides the essential road map for any woman who aspires to be financially free.
Reviews
Kim Kiyosaki shows she's the real deal with this book. I read it with my wife and absolutely loved Kim's perspective and how she kept the theme around her long time girlfriends; the ups and downs, etc and interjected sound fiscal rationale into the life of each one. Of course, we also learned that some folks just won't listen and just won't learn - even if they agree with a great idea; they just can't make the commitment to change. I really enjoyed her comment early on (after explaining the changing reallization of womanhood from our 20's to our 50's) that "Its a waste of time to think that men will change. Its time for us women to change". If you get nothing else out of the book, at least try to understand the six reasons why women 'must' be involved in investing (such as avoiding dependency and increasing self-esteem). Kim defines the keys (and the best way to make immediate changes) as arming yourself with some fundamental finance education, starting out small, always put some cash down, and stay close to home (at least at the beginning). Of great importance is her succinct rule that "Its your choice!" If you seek financial "dependence" then you are accepting that someone else will be responsible for your financial well-being. However, if you seek financial "independence" then you are opting for "long-term freedom over short-term comfort." This book is about understanding the need to make the change, making a commitment to change, seeking financial independence, and making decisions between cash-flow or capital gains in your investments. Control your finances to build your self-confidence. When it comes to financial planning, there's nothing more important to believe in -than yourself!
reviewed by goonball on November 21, 2006 5:19 AM
I'm like many of the statistical women described in the book who found themselves living well while married and then found themselves divorced and broke with little to show for years of sacrifice and hard work. It was then I discovered how dependent I had become on someone else to provide for my financial future. I call it "marital welfare" -- and I do agree that we are a culture of dependent creatures -- and this fact usually smacks a woman right in the face through circumstances she least expects. Part of rising above all of this has been a dawning awareness of how important it is to take the financial responsibility for my future into my own hands. Kim Kiyosaki has put into words what has already been placed in my heart -- it was the "you're on the right track" message that I needed to hear to further my resolve -- not just in finances but in every area where self-sufficiency needs to evolve. The good news is that I am remarried to someone who supports my financial plans, goals and dreams and shares in the excitement. This book does not give a step-by-step how-to, but what it does do is bring about a birthing process that can literally change your life because it provokes you to change how you VIEW your life. For many people, that's all it takes, and in that regard, this book has accomplished wonders.
reviewed by geri1956 on November 23, 2006 1:55 AM
Combine this information 1) statistically women live longer than men and 2) knowledge pays; that, in a nutshell, is the strongest argument for reading this book. Rich Woman is a great book for women of any age. Chapter by chapter, the author challenges the excuses that many women resort to for why they avoid dealing with financial matters. Packed with valuable and timely advice, this book will give any woman the confidence she needs to take ownership of her financial future.
James Lange, CPA/Attorney and author of Retire Secure! Pay Taxes Later: The Key to Making Your Money Last as Long as You Do
reviewed by ladyrunner on November 27, 2006 12:40 PM
This was not the book I expected it to be, but it has won me over. Kim isn't saying that the mechanics of investing are different for women, but the motivations, rewards and value of investing groups are. That's why there's so many references to "Rich Dad, Poor Dad" etc. - go there to learn more about pure investing.
This book is about defining yours goals, motivations and getting some tips - and if you DO SOMETHING you're probably going to succeed. The stories of the group of friends are sometimes distracting, but they serve an important purpose of letting you identify with situations - activating your empathy and getting the message across. Much more effective than a dry, objective HOW-TO book. I'm telling my friends about it!
This book is about defining yours goals, motivations and getting some tips - and if you DO SOMETHING you're probably going to succeed. The stories of the group of friends are sometimes distracting, but they serve an important purpose of letting you identify with situations - activating your empathy and getting the message across. Much more effective than a dry, objective HOW-TO book. I'm telling my friends about it!
reviewed by 90210 on November 28, 2006 1:55 PM
