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Rich Dad, Poor Dad
Old 07-03-2006, 05:47 PM   #1
Pain
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Anyone read this book? i just bought it online.,can't wait to read it.



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Personal finance author and lecturer Robert T. Kiyosaki developed his unique economic perspective from two very different influences - his two fathers. One father (Robert's real father) was a highly educated man but fiscally poor. The other father was the father of Robert's best friend - that Dad was an eighth-grade drop-out who became a self-made multi-millionaire. The lifelong monetary problems experienced by his "poor dad" pounded home the counterpoint communicated by his "rich dad". Taking that message to heart, Kiyosaki was able to retire at 47. This book, written with consultant and CPA Sharon L. Lechter, lays out the philosophy behind Kiyosaki's relationship with money and aims to open readers eyes by: exploding the myth that you need to earn a high income to be rich; challenging the belief that your house is an asset; showing parents why they can't rely on schools to teach their children about money; defining once and for all an asset versus a liability; and explaining what to teach your children about money for their future financial success.
 
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Old 07-03-2006, 05:52 PM   #2
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My g/f read that book and told me it was really good, though i haven't read it yet.


ohh my mon read it as well and loved it.
 
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Last edited by robcardu; 07-03-2006 at 05:53 PM.
 
 
Old 07-04-2006, 03:54 AM   #3
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I hate this kind of books, don't ask me why. The same with "Where is my cheese?", or something like that...
 
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Old 07-04-2006, 11:01 AM   #4
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Yep, I've read it and have other books of his like Cashflow Quadrants and the book on taxes "Tax Loopholes of the Rich." There were many speculations that his story was just made up to sell books. The reason I recommend the book is because it makes you think outside the box and against the traditional approach of getting a salaried job. If you have a salaried job you know what you are going to make every year. Earn passive income, rent apartments for example. I would also recommend if you can afford it (about $500) to take the real estate salesperson's pre - license course to cut your learning curve. Most states offer this class online, in addition to the weekend offerings.
“What is the cost of now knowing?” That is the question I always ask myself. Learn as much as you can and as fast as you can. I can send you some good real estate websites and good books that are worth your money if you want. In the beginning I would start with a house single family home that needs work, fix it up, and do a lease option versus solely a fix up, flip, or rent. Stay motivated and do not let “traditional folk” tell you it can’t be done because WTF are they millionaires? Do they do what they love? Do not take NO for answer whether you are dealing with re agents, attorneys, buyers, sellers, most will tell you “I’ve been in the business 500 years and this deal can’t be done.” And your response is, “Well if you’ve never done a deal like this, then you SUCK. (That is usually when you are flipping homes) Sorry I started to ramble but maybe you should make an investing or real estate forum. If you have any questions I am by no means an expert but am respectably educated on the subject. Hope this helps.
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Old 07-04-2006, 11:03 AM   #5
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Quote:
Originally Posted by robcardu
ohh my mom read it as well and loved it.
It's a good thing she did so she's able to support your poor-ass
 
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Old 07-04-2006, 12:03 PM   #6
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Quote:
Originally Posted by Lineski367
It's a good thing she did so she's able to support your poor-ass




 
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