📖 Overview
Midas Touch is a business and entrepreneurship guide co-written by Donald Trump and Robert Kiyosaki, published in 2011. The two authors combined their expertise after meeting through The Learning Annex and collaborating on previous works.
The book presents a framework for entrepreneurial success through personal stories and business lessons from both authors' careers. Trump and Kiyosaki address key topics including financial literacy, the decline of the middle class, and the importance of learning from business failures.
The text examines five fundamental elements of business success that the authors call "the Midas Touch," using examples from their own experiences to illustrate each principle. Throughout the book, Trump and Kiyosaki alternate between sharing their individual perspectives on business strategy and offering practical advice for aspiring entrepreneurs.
This work stands as both a practical business manual and a commentary on the state of entrepreneurship in America, exploring themes of self-reliance, risk-taking, and the relationship between education and financial success.
👀 Reviews
Readers describe Midas Touch as a straightforward business guide with principles from Trump and Kiyosaki's experiences. Many found it repetitive of their previous books, particularly Rich Dad Poor Dad.
Liked:
- Clear explanations of business fundamentals
- Real examples from both authors' careers
- Focus on entrepreneurial mindset
- Chapter on brand building
Disliked:
- Too much self-promotion and name-dropping
- Basic concepts stretched thin
- Multiple readers noted it felt "rushed" and "superficial"
- Several complained about political content mixed with business advice
Ratings:
Amazon: 4.5/5 (1,200+ reviews)
Goodreads: 3.7/5 (1,800+ ratings)
Notable reader comments:
"Good principles but could have been a blog post" - Goodreads reviewer
"Reads like a marketing piece for their other books" - Amazon reviewer
"The brand building section alone was worth the price" - Amazon reviewer
📚 Similar books
Think and Grow Rich by Napoleon Hill
Hill's interviews with successful business leaders unveil the principles and mindsets that create wealth.
Rich Dad Poor Dad by Robert Kiyosaki This book presents financial lessons through contrasting perspectives of two father figures with different approaches to money and investing.
The Art of the Deal by Donald Trump Trump shares his experiences and strategies from real estate deals that built his business empire.
Zero to One by Peter Thiel This book outlines the principles of building innovative startups and creating new markets based on PayPal's success story.
Good to Great by Jim C. Collins Collins's research reveals the factors that transform companies from average performers to market leaders through analysis of business data and case studies.
Rich Dad Poor Dad by Robert Kiyosaki This book presents financial lessons through contrasting perspectives of two father figures with different approaches to money and investing.
The Art of the Deal by Donald Trump Trump shares his experiences and strategies from real estate deals that built his business empire.
Zero to One by Peter Thiel This book outlines the principles of building innovative startups and creating new markets based on PayPal's success story.
Good to Great by Jim C. Collins Collins's research reveals the factors that transform companies from average performers to market leaders through analysis of business data and case studies.
🤔 Interesting facts
🌟 The book resulted from a chance meeting between Trump and Kiyosaki at a Learning Annex real estate event in 2004, leading to their collaborative writing venture.
💰 Robert Kiyosaki's "Rich Dad Poor Dad" and Trump's "The Art of the Deal" had already sold over 50 million copies combined before they wrote "Midas Touch" together.
🎯 The "five fingers" concept in the book represents Brand, Relationships, Little Deals, The Big Deal, and The Touch - comparing business mastery to the strength of a hand.
📊 The book was published in 2011, during a significant economic recovery period following the 2008 financial crisis, influencing many of its insights about market resilience.
🔄 Both authors had experienced major financial setbacks - Trump's casino bankruptcies and Kiyosaki's early business failures - which they used as teaching points throughout the book.