richdad poordad has no more guide after achieving freedom

wmaurik

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Quote from: boyptc on February 04, 2024, 02:15:05 AM

Even with or without guide books. It will still going to rely to the person if he is going to apply all of those books.

The best teacher is still our experiences and if you will appreciate it, our parents teachings and guidances are also one of the best guides.

There goes the teachers as well, actually a lot can guide us not just these books if you do not like them.

These guidebooks are also written by smart people who are experienced in certain fields, but still everyone needs direct guidance in their life. For example, as you said, everyone can be reasonable enough to rely on their own parents as the best teachers who can directly share their experiences with their own children. Apart from that, everyone also needs to try it themselves after getting more guidance through books and their parents so that we can also have our own experiences that one day we can also tell the next generation.

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Quote from: Broly46 on January 20, 2024, 11:06:25 PM

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

I do not like the Book Rich Dad, Poor Dad. I have read it. And at that time it made sense to me because I was in school and was very enthusiastic about his theories. But when I graduated school and entered into the real world of work I saw that most of his theories are just impractical. At aleast they hold no water in my country. No thing prepares the graduating students of nowadays of what actually awaits them in the labour market.

As for Robert Kiyosaki, I don't like him. So called financial gurus on the internet and productivity gurus on the internet are very much out of touch with reality. I wonder how they manage to have large following. I bet those who follow them are high school and college kids with little or no experience in the labour market.

If you want to achieve real financial freedom, you have to experiment with a lot of things and you have to follow real economists and industrialist.

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Quote from: Broly46 on January 20, 2024, 11:06:25 PM

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

What do you mean with it's not a complete guide? Robert Kiyosaki wants to teach us how to become financial independent. All the tools he gives us still work after we become rich. Just because we made it out of the rat race, doesn't mean the things we didn't to get there will stop working. Rich dad poor dad is a lot about owning companies or properties instead of renting and paying others. You can just keep following that strategy and keep reinvesting any new money you have. 99% of the way is to become rich, after that it's up to you what you want to do. You can keep working or you retire, just don't change your investment plans completely. If you stop investing and start consuming all your money you will go broke. Stick to what made you rich in the first place and you will be fine, don't try to copy Elon Musk or other billionaires, that's a completely different story.

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Even with or without guide books. It will still going to rely to the person if he is going to apply all of those books.

The best teacher is still our experiences and if you will appreciate it, our parents teachings and guidances are also one of the best guides.

There goes the teachers as well, actually a lot can guide us not just these books if you do not like them.

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Quote from: Broly46 on January 20, 2024, 11:06:25 PM

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

I dont fancy giving away the thing to charity btw.

I know elon or warren must have their handbook to guide them, but I doubt they would want anyone to know and read their guide book.

cash flow 101, cash flow 202, what about cash flow 303?? cash flow 4040? cash flow 505?

Remember those business people you mentioned? Do you really believe they will tell you the real secret to being successful in life? Those businessmen will not be popular and rich if they are not smart. They may only give basic tips but not real guidelines on how they succeeded in life.

It's like they just gave us a clue; it's up to each individual to find out the real puzzle in order to complete it correctly. It's like this: if you are a teacher of students in a school, when you give an exam, do you also have to give the answer to the exam that you will give them as a teacher? Of course not, right? It is up to the student how to answer the exam because there are guidelines that can be used to answer the exam, right?

STT

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The guy who taught Warren Buffet was successful in both regards I believe. Maybe read the history and book behind that all, obviously he was older then Buffet and has traded during the Great Depression era and also ww2 with all that cost society. It took many years before USA was especially profitable for investors, you cant judge all time lines equally but arguably Mr Buffet might credit his teacher as equally capable to anything he has achieved.
My take on Kiyosaki is he seems to recommend you do not waste your money on paying taxes needlessly too much, keep turning it over. That is roughly a story that would match with Buffet operations also, he wont pay even a small dividend it would incur tax and give no benefit in his eyes so he is a stickler for even small waste and spending. He buys a dented car 2nd hand damaged by ice hail because its only in appearance damaged, true enough.

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Quote from: Mpamaegbu on February 03, 2024, 12:42:26 PM

Quote from: SatoPrincess on January 31, 2024, 04:50:40 PM

This is odd since the story was told as if it was a true life story of the author and I believe that was the reason why people were interested in the ideas of the book.

Well, for me it wasn't odd. I read that book in hard copy. While at it, it occured to me that it was a fictitious book whose writing style was symbolism. There were expressions in it that gave it away as such. The only issue is that most people didn't (don't) read as a literature text that it's. They read as a manual for classical economics or finance. It isn't.

Well, in his interviews Kiyosaki claims the characters in the book are real and that he got consent from the “rich dad” to talk about his wealth in the book. The book has been one of the best selling finance books ever, it wouldn’t have received such praise if people consider it as a literature book.

Quote from: Mpamaegbu on February 03, 2024, 12:42:26 PM

Again, come to think of it, if theory were to equal practical reality the richest people on earth would've been those who have books on finance or economics or professors who teach those courses. Regrettably, that isn't so.

That’s because they do not actually understand how money works or are willingly to do what is necessary to make wealth. I don’t think I have ever seen a rich professor, the only way to make money is to be a producer or a seller. Kiyosaki understands this and still makes his money from being a best selling author.

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Quote from: SatoPrincess on January 31, 2024, 04:50:40 PM

This is odd since the story was told as if it was a true life story of the author and I believe that was the reason why people were interested in the ideas of the book.

Well, for me it wasn't odd. I read that book in hard copy. While at it, it occured to me that it was a fictitious book whose writing style was symbolism. There were expressions in it that gave it away as such. The only issue is that most people didn't (don't) read as a literature text that it's. They read as a manual for classical economics or finance. It isn't.

Again, come to think of it, if theory were to equal practical reality the richest people on earth would've been those who have books on finance or economics or professors who teach those courses. Regrettably, that isn't so. For me, I never expected that the Japanese–American businessman, Robert Kiyosaki, would have the same investment prowess as Warren Buffett. These are two different divides.

SatoPrincess

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Quote from: Darker45 on January 31, 2024, 10:59:30 PM

I haven't read the book as I don't like such books. But reading Kiyosaki's small statements every now and then, it seems he has this inclination to speak before he thinks. I don't know if Cordone's accusation is true, but it could be, albeit purely based on Kiyosaki's impression on me and probably the paradox of his life. A self-proclaimed financial guru speaking about financial education, creating wealth, economics, and so on, but a number of his companies have gone bankrupt.

Even his support of Bitcoin is questionable to me.

I read the book as a teenager, it was very interesting to me then. I wouldn’t say his ideas in the book are bad, maintaining a good cashflow is always good advice. But I can’t help but notice the disparity between the life portrayed in the book and the real life of the author. Like you said, quite a number of his companies have gone bankrupt. Yet he is still one of the top financial experts in the world today.

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Quote from: SatoPrincess on January 31, 2024, 04:50:40 PM

Quote from: Darker45 on January 21, 2024, 09:28:15 PM

That book was a hit. It must have offered something to a lot of people, but if you ponder on the author's life, you would wonder whether he used that book as a guide in real life or he was simply a failure. Having said this, I don't think financially successful people are living their lives according to a handbook or some written guide. I doubt Elon and Jeff and Warren are doing things according to cash flow 101 by this person and cash flow 202 by that person.

It's actually weird to hear somebody looking for a guide like this. Surely, you must know what freedom is for you.

I recently came across a video of Grant Cardone where he talked about Robert Kiyosaki’s book. He made some interesting comments, according to him Robert Kiyosaki didn’t write the book. He also suggested that the key characters in the book; the Rich Dad and Poor Dad didn’t exist and were concepts Kiyosaki came up with for the book. This is odd since the story was told as if it was a true life story of the author and I believe that was the reason why people were interested in the ideas of the book.

I haven't read the book as I don't like such books. But reading Kiyosaki's small statements every now and then, it seems he has this inclination to speak before he thinks. I don't know if Cordone's accusation is true, but it could be, albeit purely based on Kiyosaki's impression on me and probably the paradox of his life. A self-proclaimed financial guru speaking about financial education, creating wealth, economics, and so on, but a number of his companies have gone bankrupt.

Even his support of Bitcoin is questionable to me.

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The reality is we have to let our kids in the cage of being in the school until they are at the right age. No parent doesn't want their children to be outside of the school and will teach them already with finance. It's fine if they're going to be told on how to be better with finances but, at the same time the kids have to be going through with the school. Because that's the training ground while they're young and they are still in the development process.

A parent that will take the shortcut route might even have a kid that will go against them and will rebel when they get older for not giving them the education that they should provide to them. It's okay to listen and read with these guidelines of the books made by the rich people and as you expect, they're all money eccentric topics and your kids are good to read them while they're young. But you don't sacrifice the joy and fun of going into schools the traditional process.

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Quote from: Broly46 on January 21, 2024, 01:27:47 AM

Quote from: Despairo on January 21, 2024, 01:16:50 AM

Quote from: Broly46 on January 20, 2024, 11:06:25 PM

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

What do you mean by this? is it related to privacy and security? I think not every person want to share 100% of his life and master in everything.

Most of rich people are good negotiators, it's not make sense for them to tell this in public. They might know how to differentiate between scammer and honest person, let's say they judge using body language, when someone did this or that, it's not genuine person and better to avoid such kind person in financial trade.

If they tell this to public, the scammer will learn how to being a genuine person.

I means there must be a guide or something after you get near to the point of retirement, btw in his book, he just roughly get through it, he describe himself after he sold his business, and he reach where he think is the hardest thing to do in his life, he couldnt get busy in life, and do not know how to proceed, but there is nothing else butin the book except he say he have no answer to that part of his life.

Are you asking what to do with your money when you are about to retire?

You already have so much money that you consider financially free but you are already at the age where you probably have done everything there is to do it does sound like a problem but not too big of a problem maybe you already have traveled, tried different sports, have invested in different things

Rich dad problem is definitely better than the poor dad one’s

I am still far from that age so I honestly can’t even imagine what you are going through but I do wish you the best!

SatoPrincess

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Quote from: Darker45 on January 21, 2024, 09:28:15 PM

That book was a hit. It must have offered something to a lot of people, but if you ponder on the author's life, you would wonder whether he used that book as a guide in real life or he was simply a failure. Having said this, I don't think financially successful people are living their lives according to a handbook or some written guide. I doubt Elon and Jeff and Warren are doing things according to cash flow 101 by this person and cash flow 202 by that person.

It's actually weird to hear somebody looking for a guide like this. Surely, you must know what freedom is for you.

I recently came across a video of Grant Cardone where he talked about Robert Kiyosaki’s book. He made some interesting comments, according to him Robert Kiyosaki didn’t write the book. He also suggested that the key characters in the book; the Rich Dad and Poor Dad didn’t exist and were concepts Kiyosaki came up with for the book. This is odd since the story was told as if it was a true life story of the author and I believe that was the reason why people were interested in the ideas of the book.

wmaurik

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Quote from: sekalitas on January 29, 2024, 12:15:43 AM

I see the appeal of a complete guide, but it could limit our independent thinking and adaptability. Each of us faces different circumstances, and a one-size-fits-all approach simply wouldn't work. Let's view this guide as a valuable resource for inspiration, not a rigid set of rules.
Even if we still lose after finishing that book, we could keep learning. By reading more books and combining the insights with our own experience, we could create a personalized guide that truly helps us . Grin

Everyone will indeed be happier to combine their own experiences on everything needed with what they have read in any book in order to experience satisfactory results. Because each person has different goals and ways of achieving what they want, of course they will never be satisfied if the results they get are still not in accordance with what they have learned in life.

So combining existing experience with new knowledge read from any book in order to achieve success is very important so it will be quite feasible for everyone if they want to combine new knowledge with the experience they have had in the past. Because the aim of combining these two things is to make it easier for us when starting a job with a concept that is not much different from previous experience.

Broly46

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Quote from: el kaka22 on January 23, 2024, 02:48:24 PM

Kiyosaki has the oldest blueprint in the history of the world and still trying to get something out of that means that you have no idea how the world economy is going around today. Yes, Rich Dad is saving and investing and getting debt and growing so that eventually he could retire a rich person, sure having debt is not bad in that regard if you are using it to get assets, and poor dad doesn't do that and instead spends excess money to getting brand new iphone, starbucks coffee each morning, and all that.

But right now, people are making money that would not worth a house if they worked for 20 years and put all the money into mortgage, maybe not all around the world, but in my nation, if I do not spend a dime from my salary, and put it aside for 20 years, it still doesn't worth a single house. So Kiyosaki is outdated, and not relevant to today.

why do you think economy today is unlike the one from the ancient age? do you never heard of history, the vicious cycle that keep repeating itself? in my humble opinion economics is the same from stone age to modern age, while the products and services that is being exchanged in the economics does alter a little bit, and prostitutions has always been the service of this economics even during your grand-grand-grand-grandma era, dont you know it is oldest professions existed and also work in modern age? anything changed to prostitution after the time passed? nothing changed! why would monopoly always work, and a timeless masterpiece? because human is just animal too.

of course I'm trying to find something impossible to break the code of this strange life by asking more guide than what we have.

Broly46

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Quote from: davis196 on January 22, 2024, 06:58:12 AM

Quote

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

The people, who need guidance throughout their entire lives are simply stupid. Do you really need a guide about what to do with your life from Day 1 to the day you die? You have a brain and free will, you'll figure it out. Grin

Do you want somebody to spoon feed you for the rest of your life?
Achieving financial freedom is something big. Most of the people will never escape the rat race. Are you really trying to ask about "what to do after I achieve financial freedom?" You can do whatever you want. Get a wife. Have kids. Save enough money to retire.

the purpose of life is to not die, obviously surviving is everybody goal since the first day they're born. but for some reason a lot of people choose to end their life. I just wish I could just live a simple life such as "go to school get good grade get job work to retirement have family and all" but it is just not possible anymore since working to dead (ironically died a virgin hardworking boy too) is too common, you need more than luck to work until retirement.

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Quote from: nelson4lov on January 21, 2024, 06:57:24 PM

I think the idea behind RichDad, PoorDad not having a concluding part as to what one should do when they're at the top is actually the right way it should have ended. Why do I say that? The goal is to achieve financial freedom and the book accomplishes that in its own way. What happens after that is entirely left to the reader. The reader has to pick up from where the book left up and carve their own path from there. Everyone is certainly going to have different paths. Even not doing anything more other than to just emjoy the earnings, is also a path.

You read the book => gain the knowledge => apply the knowledge => Become financially stable => decide own path.

I read the book and it really helped me and a lot of people to change their perspective to life and understand about the secrets of financial freedom, how not to live the rest of our lives slaving for others, instead we should learn to let our money work for us, I still recommend the book as an eye opener for anyone that wants to work towards having an investment like Bitcoin that'll work for them. I think that the author concluded the book well, he gave the readers guides to achieving financial freedom and left it at that, so the readers will have to conclude how their own stories ends. I never followed him on social media, but even if he doesn't bring something as impactful as "rich dad poor dad", he'll still be remembered as a great author and a motivational speaker.

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You're barking at the wrong tree bud.

The main intent of the book is not to babysit you all throughout your financial journey to protect you against every single financial threat on the planet. It's meant to propel you into creating an achievable plan for your financial success. It's evident from the polarizing rich dad and poor dad dynamics, letting you know of how the regular guy thinks and how someone from an affluent background may think in certain situations where you're given the relatable poor dad where some of your habits may resonate with, and the proper behavior which you can get from the rich dad. It's not meant to teach you what to do when your crypto wallet gets hacked or whatever the fuck you're trying to insinuate right here. All it wants you to know is that regardless if you come from a rich or a poor background, the first step to getting rich is not having a lot of money, but having the proper mindset and discipline to get there.

We done now? You good? You still thinking Robert Kiyosaki should've taught you how to peel your eggs or whatnot? Nope? Okay. Let's move on.

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Quote from: Broly46 on January 20, 2024, 11:06:25 PM

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

I dont fancy giving away the thing to charity btw.

I know elon or warren must have their handbook to guide them, but I doubt they would want anyone to know and read their guide book.

cash flow 101, cash flow 202, what about cash flow 303?? cash flow 4040? cash flow 505?

I see the appeal of a complete guide, but it could limit our independent thinking and adaptability. Each of us faces different circumstances, and a one-size-fits-all approach simply wouldn't work. Let's view this guide as a valuable resource for inspiration, not a rigid set of rules.
Even if we still lose after finishing that book, we could keep learning. By reading more books and combining the insights with our own experience, we could create a personalized guide that truly helps us . Grin

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Quote from: adaseb on January 21, 2024, 02:10:27 AM

So he just wants people to invest in real estate or some business which can make them money instead of just spending your hard earned money.

It was a very popular book. Maybe it helped some people. But keep in mind he makes tweets all the time about the coming recession and he is always wrong. So don’t trust his stock tips.

I have always met with my dad reading this book at my childhood but never bordered about reading through the contents. All I feel is just that it is an article that guides an individual to decide if you want to stay poor or become rich. I also tensed to believe that it was a virtuous means of contacts between the riches.
Then @adaseb, you literarily convinced me to accept that those of his articles are basically descriptive thoughts that has either not been experimented or a creative initiator ship utterances which practically illicits about financial utilities with the insightments of building pools of financial flows even While at rest. Bravo.

Could he had been caught on the tweets as refer to be living on the phases of hallucinations?
I would look forth reading this book.

Topic: richdad poordad has no more guide after achieving freedom (Read 722 times)