He didn’t want to work for money. Unfortunately, the book doesn’t answer that. Beginnings. He makes it very clear that if you are going to succeed in anything he has said its going to take time, research and understanding. The rest are just the same ideas repeated again and again. To make sure I really reflect on what I'm reading I'm going to extract the wisdom from the best business and personal development books and share it with you. This section in the book discusses how to apply these lessons in your life and provides … It’s creating a different mindset, not a different investment strategy. They go to work, get their paycheck, balance their checkbooks, and that’s it. He gives you very detailed instructions. If you are interested in buying and selling real estate, however, this would be a good book to start with. If you are interested, you can get it from Amazon: Rich Dad Poor Dad. Today I am financially free through a vending machine venture I got into. Hey guys, If anyone was thinking about reading Robert Kiyosaki's Rich Dad Poor Dad (HIGHLY RECCOMEND), I saw some people talking about it, so I wrote what I thought of the book. Let’s make sure the younger generation first learns how to budget, save and invest, live within their means, and avoid drowning in debt. Summary Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. example: You can read about the Amazon rainforest all you want, but it’s a VERY poor substitute for actually experiencing it. A few ripe selections — egregiously illegal/bad advice: “The reason you want to have rich friends who are close to the inside is because that is where the money is made. THANKS FOR YOUR great comments on this book to avoid. I agree that Kiyosaki is a good motivator and can get people to think about money in ways that they haven’t before. Rich Dad Poor Dad has sold over 32 million copies in more than 51 languages across more than 109 countries, been on the New York Times bestsellers list for over six years, launched a series of books and related products; and received positive reviews from some critics. I say that he gives you the tools to make things happen and what you do with the information is up to you. That, in itself, is worth the price of admission. The Five Big Ideas Helpful. In the 1993 edition: Rich Dad Poor Dad is about Robert Kiyosaki and his two dads—his real father (poor dad) and the father of his best friend (rich dad)—and the ways in which both men shaped his thoughts about money and investing. You need tangible assets like real estate. Learning how to invest in real estate and how to lose less of your profits to taxes is not what today’s kids need to learn about money. I have not yet read the book but I think I’ll check it out at the book store b4 I buy it. we still have a long years of living together. Rich Dad poor dad is what got me to read this site and this site is what got me to put at least the least amount of money in a savings account (with small percent). Not nuts and bolts advice of course but a frame of reference that allowed me choose winning investments sometime with as much as 200% ROI in a developing country like Nigeria. Here’s the obligatory Kiyosaki == huckster link: The ad ran for three months. [email protected], Copyright I Will Teach You To Be Rich © 2021. Covering key principles like: 1. Use the first 4 books to build on your mindset and then buy the advisor books. While it does have a few broad ideas that aren’t bad, it demonstrates either a lack of understanding of basic finance concepts on Kiyosaki’s part or a willful exploitation of other’s lack thereof. > about money. http://www.johntreed.com/Kiyosaki.html. I agree with the above posters, in that if you’re looking for ‘how to get rich’ instructions, you won’t find specific step by step instructions in these books. For example, if one were to apply this concept, many people make their money (fortune?) It’s the statement “Just do it!”. (page 154”, I work in an industry where I’m constantly and painfully aware of insider trading laws — this is grossly and blatantly illegal. The book is enlightening if somewhat insidious. Buying assets and not liabilities due to liabilities draining your wallet. However, just from the standpoint of getting you to think differently about money and to learn what you can about something can linit your risk.
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