Rich Dad Poor Dad
I flew home last night and whoever had been in the seat before me left a copy of Rich Dad Poor Dad in the webbing of the seat in front of me. I took it out and read it (why not) and you should all give it a read. It's a hilarious book with all sorts of bad money management and silly success hints.
Last night, out of pure curiously, I went onto Google and looked to see if they had any of their seminars nearby. They didn't have any nearby but I'm willing to bet that they are just things to sell more books.
Anyone read the book, or been to the seminar? It's a funny read but don't follow his advice.
Its about 15-20 years out of its prime, so seminars may be fewer than you are reading in the book.
While obvious, most of America still spends too much on too much junk. This will never change. I cut out the buying junk years ago, now in the final stages of my first real estate flip. So I hope to join the Rich Dad side of things.
I read it after a generally savvy friend recommended it. Found it to be pretty superficial, to be honest. Advice that at first sight has merit, presented, but not then criticised. After a bit of thought I threw it away.Quote: LovecompsAnyone read the book, or been to the seminar? It's a funny read but don't follow his advice.
In short, I've heard nothing good about the guy or his methods. Here's a quote from the wiki:
Quote:According to John Reed, a real estate advisor, Kiyosaki's books often advise illegal practices such as using insider tips from rich friends (insider trading), vulture real estate purchases, taking more debt on credit cards than one can handle and declaring bankruptcy whenever one's plans go awry.[61] Reed also claimed that:
"Rich Dad, Poor Dad is one of the dumbest financial advice books I have ever read. It contains many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.
Kiyosaki is a salesman and a motivational speaker. He has no financial expertise and won’t disclose his supposed real estate or other investment success.
Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice."
Spend a few hours (or days) going down an Investopedia rabbit hole and you'll be much better off, while saving a ton of money in the mean time.
Quote: LovecompsI thought that it was time to put up my first non-gambling post.
I flew home last night and whoever had been in the seat before me left a copy of Rich Dad Poor Dad in the webbing of the seat in front of me. I took it out and read it (why not) and you should all give it a read. It's a hilarious book with all sorts of bad money management and silly success hints.
Last night, out of pure curiously, I went onto Google and looked to see if they had any of their seminars nearby. They didn't have any nearby but I'm willing to bet that they are just things to sell more books.
Anyone read the book, or been to the seminar? It's a funny read but don't follow his advice.
The guy who mentored me literally quoted this book and praised it and lived by it.
He ended up fleeing to somewhere because of bad money management.
After this post I’ll rethink my life considering the nature of this post.
Made me respect Nick Nolte before 48 Hours.
The author was very good at relating to the audience. After just a short conversation, it felt like we were becoming friends. That's a rare trait.
Quote: BozI grew up to my parents watching this.
Made me respect Nick Nolte before 48 Hours.
??????
Rich Man Poor Man was a TV series based on a fictional 1969 book by Irwin Shaw
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter and based on Kiyosaki's life
Don't really remember Nick. I do remember Falcon Eddy
Quote: terapined??????
Rich Man Poor Man was a TV series based on a fictional 1969 book by Irwin Shaw
Rich Dad Poor Dad is a 1997 book written by Robert Kiyosaki and Sharon Lechter and based on Kiyosaki's life
Don't really remember Nick. I do remember Falcon Eddy
I never realized the name was Falconetti, not Falcon Eddie, until I read the book. What a fight scene.
Quote: heatmapThe guy who mentored me literally quoted this book and praised it and lived by it.
He ended up fleeing to somewhere because of bad money management.
After this post I’ll rethink my life considering the nature of this post.
I saw an undercover report on his seminar on YouTube. It was nothing more than a means to upsell you into buying a much more expensive ($10,000-$150,00) week long retreat. Ouch.
FYI, he filed for bankruptcy.
I’d go to a dice-control seminar before I’d go to one of his.
He’s just so full of crap, even for that type (seminar & book selling crook)
Here it isQuote: harryobrienNice review! You interested me and now I want to read this book. Honestly, I had heard about this book before, but I was skeptical about it.
Quote: WatchMeWinI think he was partnered with Trump. Enough said.
Successful people tend to hang out with successful people.
Quote: AZDuffmanSuccessful people tend to hang out with successful people.
Stay on topic. We're talking about Trump and Robert Kiyosaki here. If you want to start another thread about successful people, go for it.
Quote: TigerWuStay on topic. We're talking about Trump and Robert Kiyosaki here. If you want to start another thread about successful people, go for it.
Both self-made wealthy men. That fits my definition of success.
Quote: TigerWuStay on topic. We're talking about Trump and Robert Kiyosaki here. If you want to start another thread about successful people, go for it.
Let's please not make this another trump thread. I recognise why WMW mentioned him here, and I recognise that others just reacted to that. But if this thread becomes a trump bashing/praising thread, I'll consider that to be hijacking.
Quote: AZDuffmanBoth self-made wealthy men. That fits my definition of success.
Not mine. Not at all. Success is doing good in the world.
Quote: AZDuffmanBoth self-made wealthy men. That fits my definition of success.
It's a shame you don't see the humor in such statements.
Quote: AZDuffmanSuccessful people tend to hang out with successful people.
That would be the guy who lost 1.17 BILLION dollars between 1985 and 1996. Re: Success. I do not think that word means what you think it means.
Edit. Sorry, OD . Just saw your request. I'm done.
Quote: beachbumbabsThat would be the guy who lost 1.17 BILLION dollars between 1985 and 1996. Re: Success. I do not think that word means what you think it means.
Edit. Sorry, OD . Just saw your request. I'm done.
Looks like OD "Trumped" you j/k
Quote: FleaStiffI read "how I turned one thousand dollars into a million in real estate in my spare time" when I was 12, I read the update (three million) a few years later. Look where it got me.
That wasn't Rich Dad. "How I made millions from placing tiny adds from my one bedroom apartment." I used to see that a lot on midnight infomercials. The money was supposed to be made somehow via having your own 900 phone numbers
That fellow, Mr. One Bedroom Apartment, was Don Larpe. He did a few scams like that before he got busted. There was never a trial because he killed himself in jail before there could be one.
