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

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.

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.

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.

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.

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?

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.

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. 

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.

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.

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.

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 .  

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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 .

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?

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

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.

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

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.

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. 

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.

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.

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.

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.

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.

I thought that is the only way to get out of this matrix hell, but there is always counterparty who would do everything they could to invade your private space. I call this bully in life would always around you and find any possible way to ridicule you and make your life a living hell, I was once come across the mostly absurd accuse ever, the bully told me: "you didn't verbally say I can't spend your money(to buy to my heart content!), you are on the wrong, not me, I'm doing the law abiding thing", , which is full of political bullshit, little did I know monetary issues could soon become family affairs hell, and there is little to no justice left when thing come to this point, bully can bend the rule just to do all the outlaws thing whatever he want, and the weak cant do anything practically from suffering monetary loss, in the end survival of fittest, strong bully the weak always take over the entire society order, not about fairness, not about making your hard earned money.

through the years, I had to loss quite a larre sum of life changing money to some lazy mf who just decide to live rent free at the expense of me, make me wonder the "pay yourselves first" is just a urban legend that can never possible to do within my capability, for some reason it has to quickly shift itself to "pay yourselve last, because for some stupid reason I need to bailout everyone else."

If you expect a book to tell how to choose your financial career then it is not possible, the book is about his experience and narrated which can help the readers to get the picture of what is going on and what are the things they have been told is wrong and what he did to become financially successful and it's not taught to you or to your parents but comes with the experience.

There are ways to richness or being poor that you need hard work to ulter and that is destiny. It is destiny that makes certain things go the way they go and no matter your effort, you are neither here nor there and someone with little or no effort succeed in that which has been difficult to achieve. So some people are destined for certain level in life and the book read is just to help those who are struggling in certain challenges to keep moving. Perhaps Elon musk and warren may be destined for such financial levels they have attained and any little effort takes them higher.

Forget about the notes, don't peep into them because they have a grace different from yours and whatever decision they took worked for them because of the grace that is different.

We are all different, don't be wasteful, guide your finances and follow your plans. Things written on books are not always the way they are, reality changes and circumstances are different. The Economist are not rich or super rich because they wrote phrases and hypothesis.

then you are not an advocate to the empirical study, without a foundation like a guide thing can't progress out of the controlled set of rules, or the walled garden, obviously a guide would always come in handy no matter what you say, without a guide in the game, you probably gonna waste a lot of lives and alot of time to beat the game, you can play super mario without guide ofc but how many time/how many life you gonna waste wandering around the same labyrinth, may be you think you have 20 lives to spare or 200 years of life, but not everyone is fortunate to start with infinite fund, they should need guide.

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.

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. 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.
 

After learning all this cashflow thing that I found on Pinterest;


After achieving financial freedom with the help of that quadrant I think it is more on us on how we manage our own wealth since we now have passive income. Always remember that mismanagement of what you achieve might end you up the other way. It's actually about mindset, if you have poor mindset managing your wealth I think you need to hire a professional like a financial advisor. But one thing is for sure here if you want to maintain that wealth just be consistent on what you do.

OP are you really criticizing some self-appointed financial self-help guru for not telling you enough?  Most of those shitty books on how to become wealthy that are written by people who basically got lucky shouldn't have been written at all, much less had any readership, and never mind the people who hang on their every word.

If everyone followed the same investment strategy, that strategy would become a losing one very quickly.  True, there are methods such as value investing (props to Buffett) that have shown to be winners consistently, but like Buffett you really have to dig in and do it full-time if you want to do it right.  I wouldn't listen to anything that rich dad-poor dad dude or anyone like him has to say.

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.

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.

Interesting,there's always something to learn after reading an educational masterpiece as Richdad poordad.lessons ranging from been financially independent,importance of having a good financial educational background and making the right choice of knowing your assets and liabilities.
  His main intentions is to educate people with the life changing lessons to be more financially independent.
I won't start talking about the Richdad Poordad lessons,and I really don't know what you are looking for as a guide to freedom.The most important thing is to be financially stable.
Endeavor to learn and explore more on this.

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.

ofc I'm not asking for something such as edward snowden esque, julian assange esque of life adventure, this is some extreme move to those people who try to jailbreak themselves from the cage, tbh, a lot of people could never possible to do such a brawl in life, I would say there is barely just one snowden, just one assange, just one steve jobs, just one wozniak,... so what does it entails? it look like doing something extreme is no longer warrant your goal of achieving "self actualization", it has to come with totally brand new, mind wrecking breakthrough, to do so, I doubt it would get even damn harder and harder to a point I could not know if global wars is itself enough to do so.

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ahahahahahahahaha, hahahahahaha. congratz you just spot the most obvious and straight to the point, tbh I get totally triggered by the provocation, no doubt it is what the entire society has been heavily design to achieve, especially the one that is coming from an asian culture, I had often jealous of how many freedom a western educated family could get by default, compare to the adversary, the other hemisphere that do exactly the opposite in social values, economic values, and education values. the incel-ism has to be so out of chart and making everyone life super harder by default, should I blame it on overpopulation, overcompetitiveness, over-hypergamism? why is guy migrating en mass all of a sudden, but is it worth it to migrate, dont get me wrong there is hardly any guy who achieve success by doing the hardwork on creating life supporting unit that benefiting every human mankind together. I'm seeing some ugly thing going on in my society, the medicine industry is slowly turning into scammer industry and nobody aint give a damn about it, I foresight eventually the medicine industry would turn into murder/poaching industry, nobody make noise on the malpractices and ethics of many doctors in town, many worship doctor has never make mistakes and they are expecting every doctor save life without conditions, providing their valuable service without any return in financially or emotionally, what can I say... thing is going totally absurd rn, I cant get out anymore, dead is awaiting, is there many people die in the hand of predator idk there is not many news, but one anons I come across tell me a lot of old members has died, I jokingly think they died in their online life by going out the door and get a new life, little did I know they really died physically, like just like a lot of coiners, anything for me to conclude, idk?

I think from what I've heard you mostly do one thing which is retain your own household and operate your assets mostly as a landlord which brings in income and has various tax deductibles so you profit in that way.   Also its a positive in that you will never be cursed with too much cash at any time that has to be managed, just the property itself.  Stick to what you know is the most basic advice possible, most people know their own community and town, what land might expand in value or not and various sources of demand in land use I guess is not so complicated but to an outside party this might be far harder to figure out then someone who has lived in that town their whole lives.    He says alot of other things but imo its mostly about invest or involve yourself in what you know, what you love and can handle the details of and most can manage the various jobs on housing or sourcing the people who will do that job etc.

the issues i see with people like richdad author is they sell the best case dream of returns.
AirBnB is not a guaranteed risk free income. you are not going to be booked every day, you need to clean up after last booking, repair damage. and the bookings can be just seasonal

it sounds nice on paper "earn by renting" but the reality is not a guarantee, as easy as advertised

its like seeing a "for sale" sign at a cafe..
you cant just look in window see 15 tables of 4 seats and just do math
60 people per hour * 8 hours opening * average plate $20 = $9600 a day.
there are many more variables to it. you cant just dream of earning nearly $10k a day before costs
reality might only be $2.5k

also this year seen alot of people sell their airBnB because this recession period has less people going on vacation
most of the adverts you see are EX-airBnB landlords offloading their property. suckering noob investors into buying the property.. so be careful
ask why the seller is selling his property

i see other "investments" like drop shipping.. yes its popular on social media. but if someone really had a sellable product. why would they try getting competition to also buy from wholesalers to then compete with promoter on amazon.
its because the product in amazon is not selling much. but the promoter actually works for/affiliated with the drop shipper where they sell wholesale to the noob. leaving the noob holding the stock at amazon.

I also prefer investing in crypto but that’s just us. There are those who prefer the stability of traditional investments like real estate because they feel it is a safe investment. Airbnbs are very popular these days and people are investing heavily into the business. I see a lot of ads on how to start your own Airbnb business on my social media everyday. You mentioned some challenges Airbnbs owners face but I don’t think it’s that bad since people are moving into the business daily.

the conclusion is simple.
dont sell all assets to then go on spending spree..
instead only use the gains from the asset. to live off.  not the asset itself.
enjoy living off the gains in anyway you please

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 personally prefered stocks/shares and now bitcoin.. not real estate
mainly because its a buy once and hold. and if you buy low sell high the risks are low and no ongoing costs

real estate though, is not as simple. even if you bought a house in full. locked the door and walked away for 10 years. although it appreciates, there are still ongoing costs during them 10 years
neighbourhoods could have HOA or committee's that require maintaining landscaping, even shovelling snow.
houses naturally deteriorate, such as guttering/roofing.
other maintenance, even needing to upgrade bathrooms/kitchens/outside facade to stay in fashion
then there is risks of damage from weather, rebellious teens, squatters, natural disasters
then there is the municipal/utility costs and local gov taxes or HOA memberships or local parish stuff

and thats just the ongoing costs of a fully paid home thy you just lock the door and dont live in
where by if you have a mortgage, its not just the interest its also the insurance and legal costs

then.. if you do rent it out. its not pure profit. usually you have to be the repair guy to tenants damage/disrepair
usually trying to find the right amount to make returns from rentals to cover all costs and eventualities is in itself a balancing act between break even long term should tenants leave and it tasks months to find new tenant, +maybe using a management company, legal costs. plus recouping unpaid rent if tenants/squatters fail to pay vs a fair market rate to energise tenants desire to rent your property

where as investing in the stock/share/crypto market is so much more straight forward to just buy low sell high

This is not the first time someone has talked about the book and the ideas of the author. In those threads, I’ve read other members say the author made his money from writing a best seller and not from real estate businesses. I read Rich dad, Poor dad when I was in secondary school, that’s a long time ago. If I remember correctly, the message Robert Kiyosaki was trying to convey was it is better to invest in assets that give you cash flow. Investing in real estate was one of recommended strategies to make money. He also talked using debt to your advantage. The part of the book that really struck me was learning that buying a house isn’t an asset but a liability. OP, if you are not satisfied with the book, there are other financial books you can read.

Let me just say someone taught you how to fish, are you waiting for them to return to also teach you how to store your fish or sell them to the market woman? There are some things you have to learn on your own. Have you read other of his books because he has many and some he wrote with other authors so you can gain more knowledge from those other books on how to protect yourself from the scammers or achieve greeter things with your life. I don't like reading books from the same author, I read form different authors as they have different approach to life.

After reading Robert Kiyosaki books, read that of other authors and you can have a complete guide to financial freedom. Robert Kiyosaki teaching how to achieve financial freedom but he doesn't teach how to avoid debts or get out of them because he just declared bankrupt few weeks ago. There are other authors that are specialist in those areas and you should do your research and read their books to get the knowledge in those areas.

we all know broly by now(from his many posts)
he still lives with his mother, does a job he hates in a broken truck and has to give all income to family to pay the family bills
he does not have the courage to become independent. he wont even dare spend his income to fix his own truck because he fears his mothers backlash.

i feel he has become full on mothers-boy incel.

i feel he was hoping the book would tell him a direct get rich quick scheme he can do without any cost/effort to himself, hidden from his mother, and then give him life advice on how to live

..
so ultimate advice to broly
next days work you do. keep the cash, fix the truck. ell your mother a reason you cant get home to hand her the money. tell her the truck died
get the truck operating better so you can then earn more income safely. keep the excess income above the bills,
invest that excess income to generate more income. repeat.
once you have enough of your own money to cover your own rent in another place, get another place. become independent
then keep growing your income

It seems to me you are looking for something the book never intended to do, those books are about helping you reach a point in which your finances are so good you can quit the rat race and do whatever you want with your time from that moment on, however exactly what to do next must be decided by you or you could look for another book dealing with that topic to help you out, at this time no book comes to mind but there should be plenty, as this is a common question that people ask to themselves since they feel lost without their jobs after working for several decades, so if I was you I would look for what you want there.

your remark is self defeating, tell that to wonan who need a man to catch their falls all their life, taxman who cone to you for bailout, beggars, retiree, religious leader, your president, your mum and dad who wait you to fund their retirement.

Do you need someone to hold your hand and direct you through everything in life? The book is about teaching you the basics in finance. Anyone who got so far as reading a single finance related book will likely read many of them afterwards in order to get a fuller understanding. You cannot possibly put every financial instrument or strategy into a single book and he never intended to do that. I have a feeling that you will never have to worry about the choice to give your "fortune" away to charity if you are asking these sort of questions. It's pointless trying to describe all the possible scams out there to avoid as well, some things you just have to use common sense and occasionally you will get burned, the best you can hope for is to keep the burn small.

those accounting gibberish, no matter how many times I go through it, it was nothing but a filler to the book that provide nothing of values, that is also true for a lot of accounting online classes you could learn from internet, accounting os itself an art of deceiving, anyone who read it and try to master this art become so delusional their brain could bot function normally and they eventually crave self-harm, just look at tim cook and his views of inventory is fundamentally toxic, every damn accountant are behave just the same they crave deflating instead of expanding. in the other word vulture behavior that is all about extracting values, provider hunting, or back stabbing, whichever you liken.

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I could find some missing pieces all over the internet, but due to my limited knowledges also language/grammar barriers, I had a hard time to convey the ideas presented, dont get me wrong there is probably puzzling tweets during the span of 2018 to 2021 that I had totally no ideas how they even quote those tweets, I mean both logically or illogically, I still looking at them now and couldn't get a clue of them, totally no ideas how they could benefit financially from their tweets. richdad poordad did a good job by compilating some of the very difficult knowledge into layman terms, I wonder if there isnt richdad poordad handbook to be read, we would still doing exactly what the rat race doing, and escalating wars that go far beyond!

I don't think there is a book that contains a complete guide to financial independence. Each author will present his views based on his own studies or personal experience. You have the responsibility of researching more to cover up lapses in a book or to gain more information. It is not all the information that Robert Kiyosaki gave out in that book that I practice because some of them might not suit my condition.

The content of the book Rich Dad Poor Dad is mainly the author's personal experience of his two fathers. He might not have sound knowledge about retirement since he has not gotten much information or experience on the topic. I think a retiree would be the best author to write on retirement. Robert Kiyosaki is not a master of all but there there are many books on retirement that could be helpful.   

I've encountered a successful individual before, and alike with most people, I also asked him what's his secret. He answered "nothing", at first I was a bit confused. But as to how I assessed things, he just became consistent of things and bit every opportunity that came to him until he get on that point of his life. There's really no secret other than will and consistency. Patience is a given thing which is applicable to everything, so there's no need to say. Some would say generational wealth is a factor which really makes sense but in the first place that's not their fault having such feat as long as they know how to utilize it for their own progress; what's bad is to just depend on it. Not all people has that, but most of the successful ones started with nothing and for me that is because they have bigger drive within them which pushed them althrougout.

When it comes with speakers and fraudsters, they will just use words we desire and expect to hear from them; words of encouragement won't mean anything if you will not act upon it. Everything depends on us; create a tree from seeds. Expect a long journey and never assume things will happen overnight. Learn and keep walking on your chosen path.

You will never be beaten as long as you don't surrender yet.

Well, I'm pretty sure that that book gave insights as to how to move from there after surviving the rat race. The gist is once you get out of the chains of a 9-5, you have to make your money work for you somehow. Investing in something is a good start, and getting a financial adviser is always good if you already have deeper pockets than before. I honestly love that book because it taught me the principles and the basics, and I know it's up for me to figure things out once I started figuring making some serious money.

the general rule is to get appreciating assets..
where by eventually you can live off just the income/rental/commission/interest/deflation growth, of the asset without having to sell/dispose/lose the underlying assets principal

once you get to a certain level of comfort and sustained profit from the untouched asset. you then start investing in your offsprings future to get to their goals


your home is not an asset if its on a mortgage(+repairs, insurances, county taxes) as costs outweight appreciation
cars are not an asset(cars depreciate)
the dream of future appreciation when paid off/becomes "a classic" does not mean its currently an asset if its costing you/losing you value right now

if you have a house paid in full and it appreciates more then ongoing costs. then you have an asset
if or if not appreciating above cost but you rent it to cover its maintenance/county tax/insurance costs so that you get more back than you put in
then its an asset

a business is not an asset if it requires your presence each day and doesnt even break even with your involvement/time.
a business is an asset if even after costs of delegating labour to operate it without you, the business profits/self sustainable

when you get assets, never sell the asset principal. just live on, or use the profit/income/interest gain from the asset to grow more asset

he probably cant build a school to indoctrine a new batch of warriors for him. But I think twitter is in the mess, I couldnt browse and get update from the tweets with some browser, it look to me, his twitter has been frozen since 2022 nov and edward snowden move to another platform after foresight the trouble, and get no updates since ever, idk what is going on.

It’s been years since I’ve read the book. Basically if I remember the book correctly, he says that you need assets like real estate that can work for you while you are sleeping. Saying that working for someone else 9-5 but not investing that money to make you money is not smart.

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.

that's right, usually with entrepreneurs and rich people, they don't give the full details of how they achieved their dreams and goals in life, Sometimes they don't even share the real reason and they just make up a different story so that other people don't imitate them, Especially now that fraudsters are scattered everywhere especially on social media.

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.

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.

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?