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Started By
Message
rich dad poor dad
Posted on 11/10/20 at 9:19 am
Posted on 11/10/20 at 9:19 am
is this book good
i know someone who read it and somehow became a self proclaimed market expert
i know someone who read it and somehow became a self proclaimed market expert
8
Posted on 11/10/20 at 9:34 am to Statsattack
It’s good in the aspect that it may change your mindset on things. I wouldn’t say the RK is someone who I would get all my technical advice from though.
Posted on 11/10/20 at 9:36 am to Statsattack
I'll summarize it for you:
Take out loans and get as many rental properties as you can. Use rent to pay off loans, keep whatever is left.
You are now an expert and can be rich like the millions of others who read the book.
Take out loans and get as many rental properties as you can. Use rent to pay off loans, keep whatever is left.
You are now an expert and can be rich like the millions of others who read the book.
Posted on 11/10/20 at 10:09 am to Statsattack
I didn’t care for the rich dad’s condescending tone in the book. At least I thought it came off that way.
Posted on 11/10/20 at 10:24 am to Statsattack
I didn’t recall it having any real specific investing advice, especially not stock market investing.
Posted on 11/10/20 at 10:51 am to turkish
It is a good book for Mindset as described above and worth reading.
it is good to hear about someone thinking about finance/wealth on a different level than most people.
With that said, there is nothing actionable or concrete in this book. It is an idea (ex: become Financially literate), not something that actually teaches you anything concrete.
it is good to hear about someone thinking about finance/wealth on a different level than most people.
With that said, there is nothing actionable or concrete in this book. It is an idea (ex: become Financially literate), not something that actually teaches you anything concrete.
Posted on 11/10/20 at 10:53 am to Lawyers_Guns_Money
Buy assets! Don’t need a job! Be an investor!
Posted on 11/10/20 at 12:21 pm to Paul Allen
quote:
Message
rich dad poor dad by Paul Allen
I didn’t care for the rich dad’s condescending tone in the book. At least I thought it came off that way.
Yeah I didn't care for that either...and the fact that he doesn't know the difference between assets and liabilities. Pretty sure he filed bankruptcy after that book was written too.
Posted on 11/10/20 at 12:32 pm to Statsattack
Don't work for money. Have money work for you.
The End
The End
Posted on 11/10/20 at 1:17 pm to Statsattack
I thought it was a good book and definitely a mindset book. I think it would be worth a read.
Posted on 11/10/20 at 1:27 pm to FinleyStreet
quote:
Pretty sure he filed bankruptcy after that book was written too.
Did he file for bankruptcy or one of his businesses?
There's a huge difference fyi.
Posted on 11/10/20 at 2:06 pm to rintintin
quote:
Take out loans and get as many rental properties as you can. Use rent to pay off loans, keep whatever is left.
quote:
Did he file for bankruptcy or one of his businesses?
There's a huge difference fyi.
Is there? His mindset sounds like one that encourages bankruptcies at the slightest snowball of trouble.
Posted on 11/10/20 at 3:34 pm to meansonny
quote:
His mindset sounds like one that encourages bankruptcies at the slightest snowball of trouble.
Did not get that at all out of the book
Posted on 11/10/20 at 3:41 pm to Statsattack
I enjoyed it and read most of the series.
The Cash Flow Quadrant was my favorite.
I'm a long term landlord and flipped houses before it became a fad.
The Cash Flow Quadrant was my favorite.
I'm a long term landlord and flipped houses before it became a fad.
Posted on 11/10/20 at 7:19 pm to meansonny
quote:
Is there?
Well yeah. To put it simply, one is for you personally while the other is for your business.
Posted on 11/10/20 at 8:37 pm to b-rab2
quote:
quote:
His mindset sounds like one that encourages bankruptcies at the slightest snowball of trouble.
Did not get that at all out of the book
I didn't read the book.
But leveraging the shite out of multiple non-diversified assets is begging for a bankruptcy.
Posted on 11/11/20 at 8:19 am to meansonny
It was tough to get through and I threw it away after reading it.
The guy is a complete hack and makes all of his money selling books and holding seminars. There is no proof that he ever made any money in legitimate real estate business.
The way he writes is childish and the quotes he puts to his 10 year old self had me thinking ‘really? You worded a question that way when you were a kid?’
The whole book is a terribly written fantasy that is boring and the guy is full of shite carnival barker.
The guy is a complete hack and makes all of his money selling books and holding seminars. There is no proof that he ever made any money in legitimate real estate business.
The way he writes is childish and the quotes he puts to his 10 year old self had me thinking ‘really? You worded a question that way when you were a kid?’
The whole book is a terribly written fantasy that is boring and the guy is full of shite carnival barker.
Posted on 11/11/20 at 11:32 am to Cdawg
quote:
Don't work for money. Have money work for you.
Pro tip: work for money and have money work for you
Posted on 11/12/20 at 6:38 am to Statsattack
The book is not a bad book. But nowadays there are already a lot of other ways. I don't know if it works now. If you live in America, you can try its strategy. My point of view is that now you have to study bitcoin and cryptovoltaics. It's time to create online wallets and keep some assets there. You have to read books, but you also have to act !
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