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Midas Touch: Why Some Entrepreneurs Get Rich-And Why Most Don't

3.93  ·  Rating details ·  1,062 Ratings  ·  84 Reviews

In Midas Touch, Donald Trump and Robert Kiyosaki ask the question: What’s an entrepreneur’s most important job? The answer: creating high-quality, stable jobs.
And in today’s marketplace, “jobs” are in high demand — and so are the skills and the innovation and vision of entrepreneurs.

In a world of high unemployment and an economy that needs new jobs to recover, who isn’t hu
Hardcover, 240 pages
Published October 4th 2011 by Plata Publishing
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Nandakishore Varma
Oct 04, 2016 rated it did not like it
Shelves: never-ever
Troll review without reading the book

Two sentence summary of the book:

Most entrepreneurs pay their taxes. Some don't.
This is probably the best book on business and entrepreneurship I've ever read. Simultaneously inspiring and daunting, it contains fantastic insights and candid lessons into what it takes to succeed in the rough and tumble of the real world. My biggest takeaway is that I shouldn't be asking myself if I have what it takes to succeed in business -- the correct question is whether I'm willing to do what it takes to learn it and keep going.

The contents were great, and I only have one complaint: this
Tony Jr.
Apr 22, 2015 rated it it was amazing
Shelves: read-in-2015
I really like this book! Its a must-read for every entrepreneur. Robert and Donald team up to pen a practical guide on what it takes to be a successful entrepreneur. I appreciate the fact that they didn’t try to sell a pipe dream. They were very real and straight-forward and didn’t shy away from the fact that entrepreneurship is hard work and sacrifice is a prerequisite to success. Here is one of my favorite statements Robert makes:

p13 "Entrepreneurs need to work 24/7 in the start-up phase, ofte
Pavel Annenkov
Jan 16, 2017 rated it really liked it  ·  review of another edition
Простые вещи про бизнес, о которых надо постоянно напоминать самому себе.
Carlos Luso
Jul 21, 2017 rated it it was ok
I don't know how I started reading this book from the now president of the USA. I tried to understand him and Robert, but I didn't. It starts with the fingers. When I read the finger system I thought I was reading a children's book.

As a financial investor myself, I want to put this quote here: "Have you ever noticed that people who lack the power of focus often lack direction too? They wander, going from one thing to another. To make matters worse, in the world of investing, many so called finan
Apr 27, 2015 rated it liked it
This book is a bit FRUSTRATING...

First let me say I am not taking anything away from Trump and Kiyosaki as great business leaders as well as teachers who have achieved great heights in business and worth listening to - I am already a fan of both and read many of their books ...

But here is where the problem lays... If your completely new to their material...or even entrepreneurship books in general, then this is easily a 5 star top grade book

But myself personally ...I as a previous and already lo
Jamie King
Aug 26, 2015 rated it it was amazing
This book is so concise with how many lessons it teaches, advice and guidelines that I am amazed at how valuable it is for how short it was. You get two different successful people with experience giving their perspectives and anecdotes and its still so small which tells a lot about their attitude of not wasting your time.

You see a lot of these symbolic programs but never hear strong recommendations or end up with a applicable model. Midas Touch surprises in connecting their analogy, you will se
Feb 03, 2014 rated it liked it
Their five points of the Midas Touch, the five fingers: Strength of Character, F.O.C.U.S., Brand, Relationships, and Little Things That Count are great points to keep in mind in the business world. However, I felt the book could have been condensed into a pamphlet highlighting these five things. Though it was interesting reading Donald Trump's stories and his crazy expenditures on golf courses! Such as $275 million to refurbish one in California, I know Trump said he spent that much cause he doe ...more
Elle B
Sep 26, 2016 rated it did not like it
This year I have been reading my way through the "Rich Dad" books. They have been a bit samey, but also quite educational and motivational.

This one was bloody awful.

Released in 2011, the first chapter Trump writes has the words about making something "great again". And before that it was mostly pushing his books.

I tried reading further after this but it just wasn't possible.

At least R Kiyosaki actually MADE his own wealth and became a real estate tycoon, he didn't inherit (or get a "small loa
Talal Husseiny
Sep 26, 2017 rated it it was amazing

I truely believe this book provides alot of inspiration and opens your eyes about the current economic environment of the world. Being a successful entrepreneur and turning your company into a large scale business is the only way to go as explained in this book. (or big time investor) the traditional methods of work like being an employee, freelancer, consultant, or small business owner is not gonna cut it because the odds are stacked against you whereever you are in the world.

This book changed
Aug 29, 2017 rated it liked it
Took a while to get through this book.

Does contain plenty of content that is synonymous with other financial self help books.

Reason for 3 star rating: the authors repeat themselves Trump says "etc." Robert repeats "etc." Saying that he agrees about "etc." ; I wish they would have just said: We both agree and state it just once.

Trump coming from a businessman standpoint has certainly gave insights to how he thinks. However do note that the stories he gives has to be abstractly extracted to be a
Adrian Stratulat
Sep 15, 2017 rated it liked it
The Midas touch could've been just as well a book entirely written by Kiyosaki. Donald Trump's sections were very scarce in actual lessons. However, the book is not bad. It manages to structure the key abilities that an entrepreneur must develop in order to have success, using as metaphor the fingers of a hand: character, focus, brand, connections and "the special touch" (little things that matter, unique to each individual).

Worth reading once, as a leisure read.
Julio Cesar Nino

Thank you both Mr. Trump and Mr Kiyosaki for your tips and examples of how we all have a gift to give to this world we live in. I am continually learning from men and women like you!
My favorite quote " Better to give then to receive", every entrepreneur has this at heart.
Aug 04, 2017 rated it it was ok
Shelves: personal
Parts were poorly done, which took away from the useful parts.
Jul 25, 2017 rated it liked it
They seem to work well together (I haven't read their other one yet). I like some of the stories from their past, good and bad.
Alain Burrese
Aug 05, 2012 rated it it was amazing
Shelves: success
"Midas Touch: Why Some Entrepreneurs Get Rich - And Why Most Don't" by Donald J. Trump and Robert T. Kiyosaki is the second collaboration between these two business tycoons, and a very good book for the entrepreneur or would-be-entrepreneur. I enjoyed their first effort, "Why We Want You To Be Rich," but I think this one is even better and more timely for those wanting to start or grow their own businesses. There is a short foreword by Mark Burnett and then five main chapters. The authors relate ...more
May 06, 2012 rated it it was amazing
A fantastic book for those interested in separating the wheat from the chaff. You might think this book is just some quickie that Donald Trump and Robert Kiyosaki threw together to make a buck but the truth is these multi millionaires don't need a quick buck and they don't have to take time out of their precious and busy lives to write this book for people like us still wanting to make the climb.

This somewhat slim book may look like it would be a fast read but in reality if you find the informat
Nicholas Piva
Jun 27, 2014 rated it really liked it  ·  review of another edition
I revere reading books by Robert and Donald. Their views on life, personally and financially are verily insightful while contentious. Contentious solely because they write the truth, and do not let the government’s or the banks opinion sway their word. In this book, they expounded on what it takes to enable your Midas touch. Midas’s touch is when you touch something, it turns into gold.

Basically they broke it down into five different fingers, each one representing a pivotal quality that is esse
Gladys Jane
Feb 07, 2017 rated it it was amazing
Shelves: favorites
If you're thinking of becoming an entrepreneur or desiring growth for your business then Midas Touch by Donald Trump & Robert Kiyosaki is a highly recommended read.

This book is very straightforward. You're not promised rainbows and chocolate marshmallows in the world of entrepreneurship. Success requires hard work, sacrifice and persistence.

Overall, this is a very helpful read, especially if you're dreaming of becoming an entrepreneur or desiring to grow your business. This book introduces t
Iván Franco, MSc
Dec 18, 2016 rated it really liked it
Recommended for entrepreneurs!!, if you have an startup, you must read it!
May 27, 2012 rated it really liked it
Shelves: business
It takes a huge amount of courage to admit your mistakes; even more to admit them in excruciating detail in the pages of a book with your own name on the front. So I’m in awe of one of the authors, Robert Kiyosaki, who has so generously described many of the mistakes he made in business so the rest of us are less likely to make the same mistakes. (I found myself wincing through many of the passages.) It was also good to read more of Donald Trump’s business philosophy, particularly his attention ...more
Denise Spicer
Nov 24, 2015 rated it liked it
Recommends it for: business students, fans of Donald Trump
Full of lots of advice from this writing duo. Discusses how to achieve success using five key points as represented by the fingers on a hand. Index represents focus, and the whole chapter shows how to develop your business focus. Middle finger is your brand which must be genuine and meaningful to make life better for others which brings us to the ring finger (chapter 4) about relationships... Offers sage advice on partners and customers. The little finger represents the”little things that count” ...more
Oct 10, 2014 rated it liked it
The best message is in his afterword: "Commit to being a life-long learner."

I strongly disagreed with F.O.C.U.S. - focus on one course until successful - since the reason I veer off course is to avert suicide. I did not follow through with my mission to become an oboe performance expert since I nearly died in an accident returning from a concert. Public transport is my friend.

The reason I didn't rate this lower is that I like his organisation: each chapter is a phalange.
The reason I didn't rate
Fabrizio Poli
Jul 04, 2015 rated it it was amazing
Donald Trump & Robert Kiyosaki and some of my favourite business authors, so for me to see them team up to write a book is great.

In The Midas Touch they teach a template for developing the Midas Touch:

THUMB: Strength of Character
INDEX FiNGER: F.O.C.U.S.= Follow One Course Until Successful
RING FINGER: Relationships
LITTLE FINGER: Little things that count

They both tell personal business stories of both failures and successes, with a big emphasis on lessons learnt as a result
Melissa Bishop
Nov 21, 2011 rated it it was amazing  ·  review of another edition
Trump and Kiyosaki are at it again, doing more for American than any 'occupy' protest could ever dream of doing. These financial powerhouses are right, what we need in this country are more entrepreneurs, good ones, not wannabes. Money is not an evil thing. It is an inanimate object, a tool. These two men, entrepreneurs,show us why having such a great tool is so important and how using it properly can enact the right kind of change-real change our nation, and the world, needs. Wrap up a copy to ...more
Ahmed Al sanhani
Feb 28, 2016 rated it really liked it
Insightful with both Donald and Robert's experiences in business world.

The multiple intelligence theory is really interesting. Nicely applied in this book to the business field.

The 8 integrities do really play key role in entrepreneurs' success. I learnt things from these 8 integrities which I thought wouldn't play major role in the success of a business.

The more I read the things in this book, the more I realize how practical this book is. It is damn good book. It is really worth reading it mor
Idayu  Mumtaz Iskandar
Feb 16, 2015 rated it it was amazing
Highly recommending it to everyone to change our perspective in choosing our career, thinking big & making our dreams & passion come true. The employee's mindset & that attitude of preferring to stay in one's comfort zone have to change. Moreover, I get to realize how important it is to be financially educated which today's generation (my generation) is missing out unless their parents teach them.

And starting up a business is just like anything else, it has got to be passion, plan, e
Eric Kostadinov
Quite an entertaining read. Would not call it eye-opening, but given that this is my first entrepreneurial book I go into, I can say it offers a good basic start to people, who are more interested in offering value to the world, rather than just being ordinary employees. The idea is simple, yet strong - make something out of yourself.
Nothing ground breaking or mind-blowing. Will not change your life, but just might give you that new business perspective of thinking big and always striving towar
Eugene Kok
Dec 14, 2013 rated it really liked it
I would recommend this book to every body who are budding entrepeneurs. As thee chapter on branding really strikes out, most companies may have good products, but when the branding does not strike out, the companies dies very soon to the waves of other companies out there. Seeking for partner is equally important to compliment each other: the dreamer, the business person and the SOB. Ilove this book, I would definitly read again, because Midas touch is a book that tells you the quality that shou ...more
Alex Vasai
Aug 21, 2014 rated it liked it
I have great respect for Donald Trump, he developed his businesses like no one else and he created so many jobs. I read this book to improve my entrepreneurial skills and I agree that entrepreneurs are vital for the economy because only they can offer jobs to people.
Both authors focus on 5 aspects to be considered by a businessman which can be easily remembered by looking at your fingers. Somehow, I think they added some commercial parts (too many mentions about their books - Art of the Deal and
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Changed my life. 1 8 Mar 12, 2014 11:29AM  
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Donald John Trump is an American business executive, entrepreneur, television and radio personality, author and 45th President of the United States of America. He is the CEO of the Trump Organization, a US-based real-estate developer, and the founder of Trump Entertainment, which operates several casinos. He received a great deal of publicity following the success of his reality television show, T ...more
More about Donald J. Trump...
“I like to think of the word FOCUS as Follow One Course Until Successful.” 17 likes
“success comes from failure, not from memorizing the right answers.” 16 likes
More quotes…