richdad poordad has no more guide after achieving freedom - page 2.

Broly46

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Quote from: Ucy on January 22, 2024, 05:45:25 AM

I think people who end up free from the cage and rat race need to start doing the opposite of what they did in the cage by focusing more on solving problems they are talented in and enjoy solving. The rat race is more about chasing after money and less about passion/talent. It's basically a race to do what you don't really like with attractive rewards. The rats love the reward/money alot. So it's used to bait them into a matrix trap, once caught, they are used as slaves to work for the system.

Once free, it's important to do the work you love and have talent for, then use that to benefit society.
With that kind of freedom, you nolonger need to do any kind of work for money. But I doubt people can really be free from the rat race without the CREATOR of the Universe by their side. The system of slavery will work against them, to starve, suffer or have them completely destroyed.

People love to be getting pushing around, it is just human nature after all. People would only start panicking when their life is threatened by greater force. Much like when you point a gun on their head they would only begin to fear and greed, or most of the time they choose to be as lazy as possible.

pinggoki

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They're not the rules anyway so either you read it or not, the best thing to do is to just read a book, absorb the information, assess what you've absorbed, sift through what you think is right and what you think is wrong and then formulate your own or improve your own philosophy, that's what anyone should be doing when it comes to reading, you're not supposed to worship or follow anything blindly and always base your way of living on what you want to learn and read. That's why Rich Dad, Poor Dad works in some cases, it doesn't force you to learn by heart, it tells you stories to arrive at your own conclusion. When it comes to achieving freedom though, I don't think that's the right book to read or maybe even, the way to achieve true freedom hasn't been written yet.

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Quote from: wmaurik on January 25, 2024, 08:29:03 AM

Considering what works in our respective local environments is an important point that is quite useful in addition to learning to invest in assets that are already important in life. Because the benefits of utilizing what works from the environment around us can also be brought into future investments so that every opportunity will never be wasted and simply ignored. I also often take advantage of anything that can be an opportunity to earn daily income in life through the environment around me because it really helps me in terms of increasing my income in life.

So I think most people at this time have also implemented that because the moments in that environment will not always be the same so every opportunity must really be taken advantage of before other people get ahead of it. Moreover, in terms of the economy and increasing income, there is always competition that arises, so many people must be very aware of this in order to move more quickly so as not to be left behind by their own competitors.

It is definitely a difficult thing to take advantage of every chance when you have no money at all. So in that position, you put your hours to work, you are putting them up for sale. Your time will never get back, so when you work to earn income, you are selling that hour, not renting it, it is not even you that they are hiring, it is your hours in most cases.

Finding a job like that, finding income like that, is not that easy, because unless you are super talented, your hours may not worth a lot. You can be Hollywood superstar, and then your hours could worth a lot, but if you are like me, your hours may not worth much. So the best way to make money is always with money, if your money can make money, then it will always be worth a lot more than bare minimum wage income. Just try to have good investments, and they will earn for you.

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Quote from: Broly46 on January 22, 2024, 09:29:42 AM

i dont brother what is inside the book, but I want to know what is next after the books, no matter how many books he wrote they are all circulating around the same set of knowledges/insights/thought, the first book is totally identical to the last book, there is barely any context added, if at all, why should people waste too much time to read twice the same textbook? I know some would crave the new book, because it give a brand new experience, new gadget new ux new ui new look new everything, impressive enough to attract new buyer.

New experiences that's your answer there, the new book give a new insight and a brand new understanding of what he was trying to teach in the old books. He has his targeted audience and that's why he's releasing his book in batches. For some people they have to read multiple of his books for them to understand what he was teaching while others have to read just one to get his philosophy. Some publishers spread their writing around different angles of financial education while others focus on just one aspects. You might hate or like him but your can't deny the fact that he has helped alot of people gained financial education that the schools can't teach.

I enjoyed reading his books when I was younger and always look forward to new ones, there mightn't be new things but I understood better what he's was teaching in the previous book. One think I know he explained better was want liability or assets are. He mightn't have more guides after achieving financial freedom but I know when I'll achieved that myself I won't need someone to tell me what next as I would have have already known what next to do to protect my wealth and be able to pass it onto my next generation.

wmaurik

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Quote from: Natsuu on January 25, 2024, 07:38:25 AM

i never liked foreign books like this because they seem unrealistic to me. but i learned from it to invest in things that appreciates and not to those that depreciates. It's all about applying that idea in your own way, considering what works in your local scene.

Considering what works in our respective local environments is an important point that is quite useful in addition to learning to invest in assets that are already important in life. Because the benefits of utilizing what works from the environment around us can also be brought into future investments so that every opportunity will never be wasted and simply ignored. I also often take advantage of anything that can be an opportunity to earn daily income in life through the environment around me because it really helps me in terms of increasing my income in life.

So I think most people at this time have also implemented that because the moments in that environment will not always be the same so every opportunity must really be taken advantage of before other people get ahead of it. Moreover, in terms of the economy and increasing income, there is always competition that arises, so many people must be very aware of this in order to move more quickly so as not to be left behind by their own competitors.

mrust_mobile

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That book is just the tip of the iceberg. If you think you figured out everything after reading that book you are very mistaken. It will give you the basic idea of saving money by purchasing assets (not saving FIAT or buying bonds) and building up passive income from those assets. Managing those assets takes a different kind of expertise. There are other books too you should probably take a look at those also. When you read a few of those books, you will quickly realize some of those were scams just to waste your time&money. After you get scammed for a few times, then you will quickly differentiate the scam books from the real deal. Then you will exactly know what you should be doing or reading.

Tldr; keep reading more books.

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i never liked foreign books like this because they seem unrealistic to me. but i learned from it to invest in things that appreciates and not to those that depreciates. It's all about applying that idea in your own way, considering what works in your local scene.

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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?

This question is mainly about the fact that what you could do after you already get rich, and that is not really a question you should worry about. After getting rich enough, and I mean like seriously rich, you could put your money into savings accounts and you could still live a comfortable life. In this logic, rich dad got richer by buying assets, so just keep those assets and keep making money.

One example was getting to 20k dollars level. Because after you get to 20k level, you could buy a 100k house, and pay the mortgage that way, rent it out, and you have an income, and if you could end up with paying half of your mortgage, you are opened to having another mortgage like that, so get another 20k, and get another 100k house, you have 120k debt, but you have nearly 3k dollars income, maybe more, and you could show that as a loss, because you have debt, so you pay a lot less tax, less than even before you had the houses, because you are in debt.

bluebit25

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I must say that this book did not leave an impression on me, and I could not imagine any specific method. And now when I look back at the actions of myself or everyone else, I realize that we are special and if everyone did it, balance would be difficult to exist knowledge, science, economics, politics,... create the difference between success and failure. And they do not exist in any general formula, there are authors who have stated their thoughts and they have done it but of course it will not always be applied effectively.

Therefore, I should review this issue quite broadly because I can feel that I have found a lot of personal opinions, and as I have learned and practiced, do not believe in any one thing, but instead selftest attests to its authenticity.

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The topic is so confusing, you don't like the book of rich dad, poor dad and that's what I think this is all about. And the effect of reading the book makes someone want to get into the financial management and be better with that. But it doesn't mean that someone has to quit schools and just focused on what he has learned on it. We've got different paths of life and if we think that we can apply wholly the learnings that we've got from that book then it's fine but you have to continue your studies or hustles or whatever you're so good at .

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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 in the book except he say he have no answer to that part of his life.

Why can't rich dad and poor dad be considered guidelines for you? because if we just broaden our understanding of Robert Kiyosaki's book, you will see the true meaning of the books he made.

What kind of guidelines would you like to see in what Robert Kiyosaki did? Maybe what you don't see that should be in the books is that you don't know that the point of rich dad is really poor dad. Did you get my point?

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You've finished the "Rich Dad Poor Dad" guidebook and feel lost? Understandable. Personal finance isn't a one-size-fits-all guide. It's your trip. Life doesn't have a manual, yet you want one. About creating your own path. You ask, what follows? Look past Kiyosaki. Explore economics, relationships, and money. Think Warren Buffett or Elon Musk—they have ideals, not guidebooks. Observe, learn, adjust

Scammers are around. That’s where your newfound knowledge steps in. Know, be alert. Now, let’s talk Bitcoin. It embodies the essence of financial freedom, the very thing "Rich Dad Poor Dad" ignited in you. Embrace it, understand it. The drive toward decentralization goes beyond digital currencies. Cash flow 101, 202 are steps. Your next steps? Cash flow 303 and beyond: investment mastery, diversification, and cryptocurrency exploration. The takeaway is constant learning and improvement. Continue moving and learning

Fatunad

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Quote from: doomloop on January 23, 2024, 04:28:22 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 think he can't be able to write all of it if he don't experience at least some of it. And with all of that, there might be some or most of it who is only like a story tell, same to other books. Only to fill the gap or make the book more chunkier. You know, so that it will look better physically or outside, and its price will increase a little.

If his books are best sellers, then I won't say he is a failure, rather he is successful. But he might still fail on other aspects of his life, like for example in his love life. As I think this is something that money can't always buy. In terms of freedom, maybe it's true that each of us has their own definition of it. For example, for Satoshi, it was when he created a Bitcoin.

Also he wont really be making out those kind continual of those books on which you have said that he might not be able still to experience those things and this might be cut-off.
Thing here and just like on what others been saying that the most important thing is that you wont really be just simply fully relying into these life stories but its not bad for you to be
at least having that kind of inspiration when it comes to financial advises and other stuffs which it would really be helpful on getting some idea at least and would really be that contributive
into your further dealings and engagement on which we know that it would differ into each person.

There are ones who do love on following up some guides and there are ones who doesnt like. This is why it would really be that best that you should
really be aware into those actions and be able to see on whats wrong and whats good on which its impossible that you cant really be able
to determine in between two.

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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's your definition of complete?, you want everything on the platter of gold and have no wisdom from your own experience. The old guy has guided you a long way from his personal experience and intuition, what more do you need rather than to show you the way and you continue your race with all knowledge gained and continue making mistakes, learning and unlearning along the way until you complete your race

Quote

I do not like richdad poordad for not having a complete guide,

Every information you see is complete as at the time of releasing the information, reason being that it solved a need and met the purpose. There are bound to be newer discoveries and needs that invalidate old ideas and render some incomplete. Its so normal and perhaps you can continue from where he stopped, or do you think you're not capable?. If he can, then why can't you?.

If you look carefully and not continue with this pessimism, you'll see other good books that hold the information you seek. You just need to research more.

Mahanton

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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?

Doesnt matter on what are those books that they are selling on, i might really be reading up some of those but for inspirational and other possible business ideas but it would really be just that snipped out.
I wont really be going through detail to detail on which we know that it cant really be just that possible that those things been said would really be something that could happen into you in sure
manner. This is why it would really be that best that you should really be making yourself that having those own insights and application into those things that you have learnt
not only just on reading up those books but also into those real experiences that you do have in life.

If that Robert Kiyosaki cut off that book, then there's nothing we can do. He had already attained his success and if you are that one who had
been left on cliff hanger then there's nothing we can do about that. Cheesy

doomloop

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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 think he can't be able to write all of it if he don't experience at least some of it. And with all of that, there might be some or most of it who is only like a story tell, same to other books. Only to fill the gap or make the book more chunkier. You know, so that it will look better physically or outside, and its price will increase a little.

If his books are best sellers, then I won't say he is a failure, rather he is successful. But he might still fail on other aspects of his life, like for example in his love life. As I think this is something that money can't always buy. In terms of freedom, maybe it's true that each of us has their own definition of it. For example, for Satoshi, it was when he created a Bitcoin.

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The book's core message about financial literacy and the importance of building assets that generate passive income resonates with many readers. It challenges the traditional "work for a paycheck" mentality and encourages individuals to think about their financial future more proactively. Owning assets like real estate, businesses, or intellectual property can indeed provide financial security and freedom, especially when those assets generate income without requiring constant active work.

It's crucial to remember that the "one-size-fits-all" approach rarely applies to personal finance. Real estate, while a valuable asset class, requires significant capital, expertise, and ongoing management. Not everyone is suited for, or has the resources for, such investments. Diversifying one's portfolio and exploring various income-generating strategies, including stocks, bonds, or other asset classes, might be more suitable for some individuals.

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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.

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Quote from: Synchronice on January 22, 2024, 05:41:16 AM

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?

It's very funny when rich people write books and market it, it's really funny and then people believe that these people share all the success stories and if they read that book, they'll become rich like them. C'mon man, they write these books to earn more money, they promote it to sell as much copies as possible. Rich dad poor dad is a stupid book. There are some good advises in that book, like everywhere, but that's all. Overall, that book is bullshit.
You say that that book guides you how to get out of rat race and then ask what you should do after that. Be frank, if you are in rat race, did you leave that race after reading that book? If you left, then you need no further guide but if you haven't left, no book is gonna help you.

they called it rat-race a while ago, today they called it the matrix, in my opinion rat race and matrix depict the same definition, try as much as you could, I dont see you could escape the matrix, unless you are no longer inside the matrix, is it possible to get out of matrix? one answer, dont even think about it.

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Perhaps it is a reflection of two conditions of time and space, economic conditions and environmental disparities that change mindsets and experiences. So rich people make and manage from the attitude towards wealth. So that experience that comes from anywhere will be useful with a good handling. I also have not found such a pattern that matches my passion so that my finances to date have not increased higher, there are those who are accustomed and can also inherit with wealth from good cultivation from a different field from the past.

I consider these two conditions as the past that gives lessons on conditions that can change at any time, and must be prepared because of the economic turnover, I have felt. Yes, because the complement must be prepared even though it is like that.

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