Book Review: The Midas Touch: Why Some Entrepreneurs Get Rich and Why Most Don’t by Donald J. Trump and Robert T. Kiyosaki

For those people wanting to start and grow a major business this could be the most important book they will ever read. In The Midas Touch the reader has the opportunity to gain the experience and advice of two of the worlds most prominent businessmen on becoming a successful entrepreneur.

Donald Trump started out building skyscrapers in New York City. Since then he has grown his business into an International company. In addition to building really big structures, he also builds golf courses including at least one in Scotland. Talk about having moxie: he built a golf course in the land where golf began. He also has the extremely successful television programs The Apprentice and Celebrity Apprentice. His name appears in the business news on a daily basis.

Robert Kiyosaki founded and developed the Rich Dad Poor Dad brand and media company. His investments in real estate and energy have been highly successful, and his books have sold over 30 million copies. Together these two offer readers a plethora of experience and information.

Midas Touch is the second book co-written by these two. Their first book, Why We Want You To Be Rich (2006) predicted the 2008 economic collapse, and provided many of the talking points for the 2012 Presidential election. It also explained why being an entrepreneur is the best career to become mega rich.

They decided to use a hand to symbolize the Midas touch, and each finger represents an aspect of successful entrepreneurship. The book contains five chapters, one for each finger. An entrepreneur must incorporate all five to grow a successful large company. They consider a large company one with over 500 employees.

Trump and Kiyosaki start the book with the thumb. It represents strength of character, emotional maturity, and sacrifice. In this chapter they discuss the personality and intelligence characteristics an entrepreneur must possess to become successful. Being an entrepreneur is not for everyone, and they try to dissuade people from following this difficult career path unless the person has all five characteristics.

The forefinger represents F.O.C.U.S. – Follow One Course Until Successful. In this chapter they detail the elements of business structure, and the role of the entrepreneur. They explain that while a good product or service is important, it is one of the least important aspects of a business. Lots of companies offer a good product, but still fail because they lack focus.

Continued on the next page Page 1 — Page 2
Spread the word
Bookmark and Share
Profile image for bruce-g-smith

Article Author: Bruce G. Smith

I am a part time writer with a few published chapters and stories here and there. A complete list of my publications is on the website, www.carpebiblio.com I provide author services such as editing, indexing, bibliographies, research, and fact …

Visit Bruce G. Smith's author pageBruce G. Smith's Blog

Read comments on this article, and add some feedback of your own

Article comments

  • 1 - Gabby

    Feb 20, 2013 at 1:59 pm

    Um.... interseting

  • 2 - Rudey

    Feb 20, 2013 at 1:59 pm

    Nice book !!!

Add your comment, speak your mind

Personal attacks are NOT allowed.
Please read our comment policy.
Please preview your comment.

blogcritics lists for May 21, 2013

fresh articles Most recent articles site-wide

fresh comments Most recent comments site-wide

most comments Most comments in 24hrs

top writers Most prolific Blogcritics for April

top commenters Most prolific Commenters in 24 hrs