Midas Touch: Trump and Rich Dad's Kiyosaki on Being Your Own Boss!
Ranked #1,176 in Books, Poetry & Writing, #52,951 overall
What Does an Entrepreneur Need to Succeed? Trump and Kiyosaki Answer that Question
Their focus is on building your own business, and they use anecdotes and personal histories to highlight the five aspects of a successful entrepreneur. Entrepreneurs are needed in today's world of high unemployment, Trump and Kiyosaki assert, because they create the most high-quality jobs.
Midas Touch (ISBN 978-1-61268-095-8) was released in October 2011.
The Five Points of the Midas Touch
What You Need to Succeed
Trump and Kiyosaki identify five areas that make the difference between winning and losing, and they apply to everyone regardless of what kind of enterprise is involved. They use the admittedly corny image of five fingers to illustrate the areas: strength of character, focus, brand, relationships and little things that count.
There's nothing unique about the five points. I've seen them mentioned individually in other books. And let's face it, we have probably all been told as children that being a confident, trustworthy person (strength of character, brand) who treats people right (relationships), is disciplined (focus) and pays attention to doing things the right way (little things that count) is the way to succeed in life.
Even so, what makes this book valuable is that Trump and Kiyosaki are able to relate those five points to their own successes and failures to illustrate why focusing on those aspects of your life are important to prevailing.
The Midas Touch, Available Today
Trump, Focused TV Star and Patient Real Estate Developer
Hours Devoted to ''The Apprentice''
Trump's sections focus on his real estate deals, including his early 1990s struggles when he lost his focus, and his work at publicizing the company (including the television show ''The Apprentice'').
To illustrate strength of character, he details some of the year's long struggles he has faced when constructing buildings in Manhattan. For instance, he says it took 20 years of struggling to overcome various political and business obstacles before Trump Place on the Hudson River began construction. How many of us have the strength to fight that long for something we believe in?
Brand is your reputation, of course. Trump writes about the TV hit show ''The Apprentice'' to illustrate that you have to maintain your brand at all times. When he was approached to do the show, he had been promised it would take no more than three hours a week, Trump writes. How wrong he was! Once he committed to the show he put in the time needed to make the show a hit, even when he was tired and wanted to go home to dinner. It's a great lesson.
As for little things that count, Trump says he still signs each and every check himself. And he used to walk to the top floors of every one of his skyscrapers to get a good feel of the building. That's paying attention to the small stuff!
Donald Trump on Amazon
Those includes books by Trump or about him, but still, that is an amazing number. He has had a number of best-sellers since his first book, Trump: The Art of the Deal, came out in 1987. For a number of them he is listed as a co-author.
You can find Trump's books on Amazon using the Search function below.
Trump in the News
Here's some of the latest news on the billionaire!
- Is Donald Trump Using Arsenio Hall As His Token Negro?
- By Terrell Jermaine Starr Donald Trump in his wacky logic now says he's not a racist because he tapped Arsenio Hall as the latest winner of his show, ?Celebrity Apprentice.? Want to Keep Up With NewsOne.com? LIKE Us On Facebook!
- Al Nehuarth: Donald Trump will hurt Mitt Romney's chances
- "The Donald," as Donald Trump likes to be called, should be kept out of public appearances in the presidential race of Mitt Romney if Romney wants to be elected president. Romney made a mistake by appearing at a fundraiser last week at the Trump ...
- Trump digs at Obama's birthplace
- But Donald Trump served up all red meat in his keynote dinner address Friday evening. Trump, a high-profile supporter Mitt Romney, transitioned from effusive praise of the party's presidential candidate to questions about President Barack Obama's ...
Fighter Pilot and Velcro Failures
Kiyosaki's Lesson on Life
Kiyosaki, meanwhile, grew up as a more typical child, went into the military, failed at business then became a successful entrepreneur and teacher. So I found I could relate more to the stories that he uses to talk about the five points.
For instance, he writes that when he was in school he kind of 'skated' by, a C student who didn't really care. But when he became a Marine Corps helicopter pilot training to fight in Vietnam, he realized that ``being a 'C' student would get me and my crew killed,'' he writes. You have to excel to survive in war, and in business as well, he said. Try to get by doing as little as possible and you will lose.
Kiyosaki also writes about the failure of his nylon-and-velcro wallets, an enterprise he was involved in with two partners. The partners, alas, weren't trustworthy and certainly weren't looking out for his interests, and he got burned. Reading his story certainly gives you a strong sense of why relationships are so important in the business world.
Robert Kiyosaki on Amazon
I have read a number of his books. Some are better than others, but all contain some truths that are worth contemplating. You can check them out for yourself.
Robert Kiyosaki's CashFlow Games
Robert Kiyosaki's Words of Advice With Your Coffee
''Inside Every Problem Lies An Opportunity''
Rich Dad in the News
Robert Kiyosaki Headlines
Here's some of the latest stories about Kiyosaki.
- Robert Kiyosaki on Financial Literacy: “If You're Operating by Old Ideas, You ...
- By Andrea Tabor As part of our Financial Literacy Movement, we asked personal finance guru Robert Kiyosaki for the number one mistake people make with their money. Known for his unconventional wisdom, Kiyosaki believes in an approach to building wealth ...
- Things To Do: May 31
- Come face-to-face with Robert Kiyosaki, the author of the New York Times bestsellers such as Rich Dad Poor Dad and Unfair Advantage; and Kim Kiyosaki, the author of Good Deal Bad Deal, and the founder of RichWoman.com. Today, 7pm, Central Public ...
- Author predicts economic doom
- SUBANG JAYA: Well-known American investor and author Robert Kiyosaki predicts the world economy will collapse in 2016 and warns the public to be prepared for it. ?It'll be the biggest collapse in the world's history?Greece is going down, Spain is ...
Why We Want You to be Rich
Trump And Kiyosaki's First Book Together
I read this book, and found it worthwhile as a reminder of many of the things that Trump and Kiyosaki have preached separately. It is interesting that the book was published before the crash of 2007. the book seems very prescient.
You can find the book on Amazon.
Why We Want You to be Rich: Two Men - One Message
Amazon Price: $3.75 (as of 06/03/2012)
Trump vs. Kiyosaki
Who Do You Relate to?
Donald Trump or Robert Kiyosaki? As mentioned above I find I relate more to Kiyosaki's experiences and teachings than to Donald Trump's. We can learn from both, of course, but it's harder for me to apply Trump's experiences to my life. I find Kiyosaki's teachings more applicable.
What about you? Do you think there's more to learn from Donald trump or Robert Kiyosaki? Why?
Can You Learn More From Donald Trump or Robert Kiyosaki?
Donald Trump -- He's About As Successful in Business As You Can Be!
Robert Kiyosaki -- His Advice Can Be Applied By Anyone!
manlalakbay says:
Robert Kiyosaki because ordinary people like me can easily relate to his experiences than Donal Trump. Anyway, both are important people that we need to look up to and ingest their advices to ours. :)
ronberry says:
Although I've seen Trump more often (tv, books etc) and admire his moxy, I can relate more to Mr Kiyosaki. He's taken a simple concept and turned it into his personal empire. In a nutshell what he's saying is watch what poor people do and don't do that. Of course it's more complicated than that but that's the essence of it..
KimGiancaterino says:
I identify more with Robert Kiyosaki.
Are You Thinking of Starting a Business?
What's Your Motivation?
Trump and Kiyosaki say entrepreneurs are valuable because they create jobs, and it's hard to argue about that.
But I don't think that's the reason most people want to start a business. People want to be their own bosses, or can't find a job, or just figure that owning a company is the way to become wealthy.
I think if I started a business it'd be because I'd want to be my own boss after years of working for other people. What about you?
Becoming an Online Entrepreneur?
Here's Two How-To Guides to Help You!
Please visit my reviews of these books. Thanks.
Start Your Own Blogging Business: a How to Build a Blog GuideStart Your Own Blogging Business, from Entrepreneur Magazine's Startup Series, is a comprehensive guide for anyone who wants to make money on the Internet th...
Starting Your Own Internet Business: A Step-by-Step Guide
Start Your Own e-Business, from Entrepreneur Magazine's Startup Series, is a comprehensive guide for anyone who is considering trying to make money on the In...
Do You Think You Have The Midas Touch?
I hope this review has given you plenty to think about, especially if you are interested in starting your own business. Now it's your turn: What do you think is needed to become a success in business? Any tips, advice?
Also, feel free to comment on Donald Trump, Robert Kiyosaki or anything else related to this lens!
Thanks for visiting.
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manlalakbay
May 22, 2012 @ 2:32 am | delete
- I read some books of Mr. Kiyosaki and I'm looking forward to read works of Trump too. Nice lens! :)
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JziE Apr 23, 2012 @ 5:03 am | delete
- business and any other things requires knowledge, sacrifices and effort.
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elizabethknows
Apr 22, 2012 @ 11:46 am | delete
- great work here!
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ronberry Feb 9, 2012 @ 7:22 pm | delete
- I read the first couple in the series and attended a seminar in Boston. There was so much going on that I never did get to see either Mr. Trump or Mr. Kiyosaki but I did get to see a lot of interesting ideas.
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KimGiancaterino Jan 11, 2012 @ 7:28 pm | delete
- This looks like an interesting book. I loved their first one.
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Hello. I have been looking at business books recently and thought that Midas Touch would be worth reviewing. Otherwise, I have been writing about comi... more »
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