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Tiger Beer
Joined: 07 Feb 2003
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 Posted: Sat Feb 18, 2006 6:26 am Post subject: Rich Dad, Poor Dad |
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I've read two now.. anyone else got into this series? i'm looking to read more of them. |
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Summer Wine
Joined: 20 Mar 2005
Location: Next to a River
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| Posted: Sat Feb 18, 2006 6:48 am Post subject: |
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| register on his site he will email you all the stuff on a regular basis. Others chat about it on the forums there. |
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deessell
Joined: 08 Jun 2005
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| Posted: Sat Feb 18, 2006 6:35 pm Post subject: |
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You should research the guy. It turns out that he doesn't own anything. All the money that he has came from the sale of the book.
But one piece of advice that hit home was "make your money work for you and move away from the idea of working for money". |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Sat Feb 18, 2006 6:52 pm Post subject: |
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| deessell wrote: |
You should research the guy. It turns out that he doesn't own anything. All the money that he has came from the sale of the book.
But one piece of advice that hit home was "make your money work for you and move away from the idea of working for money". |
Links please. Where did you read this "research"? |
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nautilus
Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
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| Posted: Sat Feb 18, 2006 8:00 pm Post subject: |
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| deessell wrote: |
But one piece of advice that hit home was "make your money work for you and move away from the idea of working for money". |
I've tried over and over to get my wad of banknotes to get up at 9 and go to school every morning, but they just sit there. |
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gypsyfish
Joined: 17 Jan 2003
Location: Seoul
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Sat Feb 18, 2006 8:49 pm Post subject: |
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| deessell wrote: |
| But one piece of advice that hit home was "make your money work for you and move away from the idea of working for money". |
Thats basically what I got out of his 'rich dad, poor dad' book. That and the idea of quadrants. Which quadrant do you want to be in.
The book itself is somewhat of a sales pitch.. and the sales of the book and his million dollars is most likely coming more from the 'rich dad' corporation with books, games, seminars, etc.
But despite all of that.. it does make you think more about 'working for money' and having 'money work for you'..
Reading the books (and I've read two so far) is a lot of 'sales' type windbag talking.. but for someone like me who is basically financially illiterate in most of these areas.. its a good exposure book as I wouldn't quite understand the hardcore financial-related books out on the market today. In short, good basic exposure to something I'd like to learn a lot more about.
Reality speaking, there are tons of buildings all over the fricking place, and someone is owning, selling, buying, making money off of them, and it should be essential for average people to have some concept of how that world works - as it does exist. |
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gypsyfish
Joined: 17 Jan 2003
Location: Seoul
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| Posted: Sat Feb 18, 2006 8:59 pm Post subject: |
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| Tiger Beer wrote: |
| deessell wrote: |
| But one piece of advice that hit home was "make your money work for you and move away from the idea of working for money". |
Thats basically what I got out of his 'rich dad, poor dad' book. That and the idea of quadrants. Which quadrant do you want to be in.
The book itself is somewhat of a sales pitch.. and the sales of the book and his million dollars is most likely coming more from the 'rich dad' corporation with books, games, seminars, etc.
But despite all of that.. it does make you think more about 'working for money' and having 'money work for you'..
Reading the books (and I've read two so far) is a lot of 'sales' type windbag talking.. but for someone like me who is basically financially illiterate in most of these areas.. its a good exposure book as I wouldn't quite understand the hardcore financial-related books out on the market today. In short, good basic exposure to something I'd like to learn a lot more about.
Reality speaking, there are tons of buildings all over the fricking place, and someone is owning, selling, buying, making money off of them, and it should be essential for average people to have some concept of how that world works - as it does exist. |
Have you read my link, yet? |
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Sat Feb 18, 2006 9:30 pm Post subject: |
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| gypsyfish wrote: |
| Have you read my link, yet? |
Yeah, been spottingly reading through it. Good link.
The guy definetely has his own agenda - the US$200 Cash Flow game for one, the entire range of 'rich dad' books he publishes, the expensive seminars he constantly promotes as essential to becoming a 'millionaire' - another word he constantly talks about ad naseum.
But, despite all of that.. there are one or two main messages to get out of it. Definetely wouldn't take it (or anything really) for biblical fact on anything. Most of it is just him trying to change your thinking on how money works and not much more than that - particularly missing in the mechanics of it - but probably not designed to be that kind of book.
The most interesting part of the link is the guy who wrote it seems to have had serious insights into real estate, property managers and the like to really know and see if Kiyosaki really knows what he's talking about.
On the other hand.. the other parts of the series that are published.. on corporations, real estate, business plans.. are all by other authors published under his empire.. could be some good stuff in there. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Sun Feb 19, 2006 2:05 am Post subject: |
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| gypsyfish wrote: |
| Tiger Beer wrote: |
| deessell wrote: |
| But one piece of advice that hit home was "make your money work for you and move away from the idea of working for money". |
Thats basically what I got out of his 'rich dad, poor dad' book. That and the idea of quadrants. Which quadrant do you want to be in.
The book itself is somewhat of a sales pitch.. and the sales of the book and his million dollars is most likely coming more from the 'rich dad' corporation with books, games, seminars, etc.
But despite all of that.. it does make you think more about 'working for money' and having 'money work for you'..
Reading the books (and I've read two so far) is a lot of 'sales' type windbag talking.. but for someone like me who is basically financially illiterate in most of these areas.. its a good exposure book as I wouldn't quite understand the hardcore financial-related books out on the market today. In short, good basic exposure to something I'd like to learn a lot more about.
Reality speaking, there are tons of buildings all over the fricking place, and someone is owning, selling, buying, making money off of them, and it should be essential for average people to have some concept of how that world works - as it does exist. |
Have you read my link, yet? |
John T. Reed seems to be a competitor bad-mouthing another. I wouldn't take his word for gospel. |
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gypsyfish
Joined: 17 Jan 2003
Location: Seoul
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| Posted: Sun Feb 19, 2006 3:32 am Post subject: |
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| TheUrbanMyth wrote: |
| ( ... ) John T. Reed seems to be a competitor bad-mouthing another. I wouldn't take his word for gospel. |
No argument that they are competitors, but he seems to back up his statements.
Reed's website looks to me to have a lot of free information about investing (and a place where you can buy his books). Kiyosaki's website is all 'buy my product'. Nothing wrong with marketing yourself, but a man who gives useful information (as long as it's accurate) strikes me as more credible than one who always has his hand out.
But, by all means, buy Mr. Barnum's er ...Kiyosaki's books and attend his seminars. |
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weatherman
Joined: 14 Jan 2003
Location: Korea
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| Posted: Sun Feb 19, 2006 6:29 am Post subject: |
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| That book really opened my eyes on how I use money. Have been trying to have my money work for me, but its hard... Money isn't for you, it is for the system. How to to get the system to work for me? It racks my brain. |
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Tiger Beer
Joined: 07 Feb 2003
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| Posted: Sun Feb 19, 2006 6:43 am Post subject: |
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| weatherman wrote: |
| That book really opened my eyes on how I use money. Have been trying to have my money work for me, but its hard... Money isn't for you, it is for the system. How to to get the system to work for me? It racks my brain. |
same here.. despite the many criticisms on the writer and his personal $-making motives..
definetely opened my eyes too.. i really ONLY thought of working enough to get a downpayment on a house someday.. and the 401K route as well for retirement.
never even occurred to me to get into another realm of thinking.. despite whatever criticisms there are of the author.. that realization alone is worth something for me. |
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deessell
Joined: 08 Jun 2005
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| Posted: Sun Feb 19, 2006 7:26 am Post subject: |
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| By the way....if anyone wants it, I have a PDF copy. PM me and I'll forward it. You can get his other stuff on torrent sites. |
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Bulsajo
Joined: 16 Jan 2003
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| Posted: Sun Feb 19, 2006 9:05 am Post subject: |
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Thanks for that link Gypsyfish.
I read this thread, read your link, re-read this thread, and have come to the conclusion that- nevermind, I'll just let Mr. Reed say it:
| John T Reed wrote: |
��Made me think about my finances��
The most common favorable comment I get about Kiyosaki from those who generally agree with my analysis is that ��He got me to think about my finances.�� That��s pretty lame.
The IRS makes you think about your finances every April 15th. You have to think about your finances whenever you fill out a loan or credit-card application. I also think about my finances frequently when I pay bills or receive income. People who are unhappy with their financial lives (which is probably the typical Kiyosaki fan) probably think about their finances every time they get into their shabby car or return to their unsatisfactory home (e.g., living with parents, bad neighborhood, too small, etc.).
I think these ��made me think about finances�� comments are inarticulate at best and dishonest at worst. What is really going on is a lot of people are schlepping along doing a half-ass job of managing the financial aspects of their lives. Rich Dad Poor Dad slaps them up side the head and tells them to clean up their acts. That��s good, but the book goes on to deliver a pack of lies that make getting rich seem much easier than it really is and make education sound much less valuable than it really is. Basically, people want to get rich quick without effort. Kiyosaki is just the latest in a long line of con men who pander to that naive longing. |
If you want to get rich, why not become a Freemason?
I hear that's a 100% guaranteed way of doing it... |
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