Topic: Science of Getting Rich - page 3. (Read 6287 times)

http://youtu.be/ub0Th1ewlws?t=75m35s

This is beginning to be laughable.

http://youtu.be/ub0Th1ewlws?t=58m
Bullshit.

My ears are bleeding. Yes, thank you God, you are so great.
This has been written in the early 1900s and published in 1910. Just a reminder.

Thanks for the link! I love this type of information.

That guy just filed for bankruptcy :/

http://www.nypost.com/p/pagesix/rich_dad_bankrupt_dad_UNJgqVDYCEthW1TEAYYwXN

Thanks bro 

yip read the book just a little while ago, I think the message is bang on, but I have missed the big money maker "property boom" or as I see it I am on the wrong side of the malinvestment.

My primary investments have all been income generating assets, they have contributed to the progress of civilisation and my dwindling wealth (however they are relative commodities as the industries are highly competitive) the price deflation this competition causes is nicely matched by the inflation in the money supply)  The up side is I now don't produce anything and I outsource to China and am earning more than I did as a producer, (the economy is getting stronger by the day )

Real estate is spending money I don't have,

Stocks all went belly up after 911 or 2008 (if my investments can go broke why can't the banks or some EU states),

Venture capital I haven't played with Kick-starter but it has been a 50/50 endeavour, I end up investing more than just money (maybe I have issues). 

My dilemma is investing because inflation requires it, is a form of what economic theorists call malinvestment, there are some good stocks out there and I have been a little timid after making some bad calls, but I should go at it again.

My Bitcoin mining rigs are the only shining light in all this investment centric, can't save world, they keep my family warm and my office too.  They bring in about 0.4% return per day, and have paid for themselves many times over. (as Mining investing goes, I am at the edge of my comfort level, can't justify more investment without some sure sign) 
I have been hesitant to save in Bitcoin because the Keynesian myth "the paradox of thrift" is actualy alive and well in the Bitcoin economy.

Ok so I have invested what should you do next?

Invest in income-generating assets.  Real estate, stocks, venture capital (if you have enough to "play with"), bitcoin mining machines, etc.  Put it into a variety of things.

Also, if you haven't read the book Rich Dad, Poor Dad, I highly recommend it.

i disagree.

for making money, i think the marketing of the product is more important than the product itself.

i.e. If you can sell a book, movie, etc to millions of people you can become rich. (regardless of how crap it may be).

This I have mastered.

I have cut my earnings significantly to avoid tax, and all the while, I have consistently spent less than I earn for over 20 years. (My Cash savings have not been so diligent and have sacrum to the temptation of inflation)   

What should I do next?

In order to become rich, you must first learn to spend less than you earn!  Getting rich does NOT happen by earning a lot of money.

#richdadpoordad

and after 20 years I have finally got of my professional ass to write some short stories...and the 1st anthology entry I submitted has been short listed! yipeee

In order to become rich all you need is a pen and a paper.

If you can write good books, movies, etc you can become rich.
If you can play soccer, run or box you can become rich.
If you can sing like a star, you can become rich.
If you can entertain with your humor, you can become rich.
If you can paint.

All of these are things you can learn or do for free.

I heard Tony Robins on a Ted talk mention Getting Rich was a science but being successful was an art. 
I am 7 minis in and already I agree I deserve to be Rich, (at what point does Bitcoin come in?)

I'm listening to it right now, I like it (10 minutes far).

just listened to the first 5 minutes and i am already impressed. thx dude, for sharing.

* if i am actually becoming rich through this i come back to you

http://www.youtube.com/watch?v=ub0Th1ewlws

Just listened to the whole thing really interesting if you have time i do recommend it