Sometime back my friends and I had a discussion on investing? What about investing is confusing? Is it Mutual Funds? Is it Stocks? Is it Fixed Income investments like PPF, Fixed Deposits? Gunjan replied “Everything about Investing is confusing?” It made me think Why is Investing Confusing? Robert Kiyosaki, author of theRich Dad Poor Dad Series, in his book Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not! explains Why investing is confusing? Quoting from Investor Lesson 3:
Rich dad smiled and laughed, saying, “First of all, investing means different things to different people. That is why it seems so confusing. What most people call investing is not really investing. People are all talking about different things yet they often think they are talking about the same thing.”
“What?” I said, screwing up my face. “People are talking about different things yet thinking they are talking about the same thing?”
Investing means different things to different people. The following are some of the highlights of this important lesson captured in an infographic made by us, bemoneyaware.com .(Click to enlarge)
Infographic on why is Investing Confusing?(Click to enlarge)
Rich dad often said, “Investing is confusing because it is a very large subject With many different people having as many different opinions “. So the question is What is Investing? From the Rich Dad’s Guide to Investing: What the Rich Invest in, That the Poor and the Middle Class Do Not!
Investing is a plan not a product or a procedure.
Before a person builds a house, he or she usually calls in an architect to draw up the plans. Could you imagine what could happen if someone just called in some people and began to build a house without a plan? Well, that is what happens to many people’s financial houses. So what’s your investment plan?
Do you find investing confusing?Do you think of investing as a product or a procedure? What’s your investment plan? What is your investment plan for To be secure, To be comfortable, Or To be rich? Have you read Robert Kiyosaki‘s book Rich Dad Poor Dad Or Guide to Investing? Did you enjoy them?
I also begain to financial aware with the rich dad poor dad. Which is referred by my sir and i have read books like cashflow retire young by Robert and why we want to make you rich by trump and Robert. You could also read the secrets of millioniare mind by t. Harv eker which also very useful .
Thanks for suggestion. Would surely do so.
What a great coincidence. My financial awareness too began with Rich dad poor dad and Think & grow rich. there after I am deeply into such stuffs since 4 years and have come across a lot more of resources.
I have a lot of material which can be valuable for your blog & would like to share with you, if you wish to. you can mail your id at my id and also visit my youtube channel (link attached), where I too share very selective videos on financial education.
Thanks.
Nice Explanation.
Yes, I have read Robert Kiosaki’s all the books and those are really
amazing books. I enjoy reading any book of Robert Kiyosaki & Donald Trump.
I would like you to publish one post specially referring to all the books dealing with finance, investing, self-help etc from successful authors like Robert Kiyosaki and others so that we all members can be properly guided. there are many books out in the market which are not so effective and are by highly misleading authors, but Rober’s book are really inspiring. referrals of such books will be highly appreciated.
Thanks.
Thanks Chandan. I also enjoy Robert Kiyosaki’s book a lot. I started with Rich Dad Poor Dad. And my favorites are Guide to Investing and CashFlow Quadrant. I have done an article on Personal finance books in India and Book Review-JagoInvestor:Change your relationship with money Hope it helps.