me too..... i also want to find the truth


anyway...... robert is rich and his idea quite good for us noobie in investment

You are referring to the technicalities of the stock market, not common sense.
And this isn't about stocks, its about the book rich dad poor dad, and the importance of leveraging one's money.
Nothing in detail about stocks.


You asked about common sense in stocks and property owner ship, which is irrelevant.

Is RichDadPoorDad all about stock market?
Have you actually read the book?

It is, in my experience.

A lot of people I know, knew of the importance of gaining wealth NOT through employment, using their money for investments, differentiation of liabilities and assets, etc etc.

Also, my experience is not from people in this forum. I have real live hooman friends, you know.

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Added on March 30, 2008, 9:59 amAlready answered.

And there is no technical details on how you'd invest via Kiyosaki's book.

If you want to invest in property, read books on property investment. Likewise for stock markets.
Robert's book is a general book, giving awareness of the importance of investment.

This post has been edited by happy4ever: Mar 30 2008, 10:00 AM

happy4ever,

<<And there is no technical details on how you'd invest via Kiyosaki's book.>>

That is CORRECT. Only detail to evaluate investment.

<<If you want to invest in property, read books on property investment. Likewise for stock markets.
Robert's book is a general book, giving awareness of the importance of investment.>>

But, why would a GENERAL book in investment be less useful that a BOOK on property investment and so on?

There are GENERAL steps that you must follows for ANY KIND of investment. And, if you KNOW that, you can evaluate ANY investment.

IMHO, a book that teaches me how to EVALUATE ANY KIND of investment is VALUABLE. BTW, I had READ at least 50+ to 100 books on investment across 10 to 15 years. After that, I still learn something from RDPD series of book. I read 7 books in RDPD series.

Dreamer

Because a general book in investment doesn't tell you much compared to books on LOCAL property investment.
ADD: Another question for you, why would anyone looking for investment into properties be reading books on general investment for newbies?

Robert's book isn't any grander or offered any newer concept than what other books had. Its only the way he writes it, intertwine fiction and non-fiction together, then market it. Frankly, its actually an effort by Amway to draw in more members into MLM, promising the goals which RichDad book promotes (i.e. be a business owner, residual income, financial freedom, etc).

This post has been edited by happy4ever: Mar 30 2008, 11:51 AM

happy4ever,

<<Another question for you, why would anyone looking for investment into properties be reading books on general investment for newbies?>>

1) You are assuming that this is a book on general investment for newbies. That is your level of understanding.

<<Robert's book isn't any grander or offered any newer concept than what other books had.>>

2) There is a NEW concept here where he insist you MUST evaluate investment based on cash flow. This contradicts almost most investment books.

<<Frankly, its actually an effort by Amway to draw in more members into MLM, promising the goals which RichDad book promotes (i.e. be a business owner, residual income, financial freedom, etc).>>

3) So what?? Just because Amway use his book as marketing tools does not mean there are not useful stuff in his books.

There is SOMETHING new in his series of books. If you contrast and compare between his set of system to evaluate investment versus others, his system is focused on cash flow. Others are based on capital gains. A cash flow based investment makes money without selling the investment aka "make money when you buy". A capital gain based investment only makes money when you sales aka "buy and pray".

So, a very basic theme which many people missed, why not buy investment that give you both?? You have a choice. You can buy investment that pays you 7% to 8% every year. With that, you do not have to sell make money. It is an asset in cash flow basis. It gives you money. You can afford to wait until the capital gain is great enough before you sell or you never sell.

Dreamer

it is already mentioned from the beginning of all his books that his books are not how-to book and if the reader thinks it is, he should not waste his/her time and just stop reading... are you one of them?

i don't know what you understand of his books but from my understanding, he has an amazing concept on how to value investment based on cashflow... something similar to Warren Buffett, just different application...

his books are enjoyable to read and simple to understand! a bit oversimplified but its his concept that's important...
if one can change his/her mindset, it doesn't matter where and what he/she invests in, he/she will succeed

i like also his concept on moving from employee/self-employed to business owner/investor... business owner/investor does not necessarily mean you have to do MLM... you can find anything that you like doing, and other people can at the same time benefit from it, creating jobs, etc, i think its a noble thing... MLM is just part of it and i know a lot of malaysian MLM companies use his ideology to promote their company, so what? does that mean his idea is wrong? i don't think so...

This post has been edited by kenji1903: Mar 31 2008, 12:38 AM

Just a more general conclusion. Smart people makes money of out stupid poeple (either through their effort or money). Stupid people will remain economically marginalized (not going anywhere; poor). The easiet money are stupid people's money.

1) I'm Talking about RichDadPoorDad. Which is a general book for newbies. Can you tell me which part of it deals specifically in stock market and property investments (especially in Malaysia)?

2) You are again talking about stock market here.

3) So it means that he wasn't even rich prior to his book! Which also means that he was writing about how to get rich without even being rich in the first place!

4) We are talking about Rich Dad Poor Dad, not other series of his books, which were mainly written by other authors in specific specialization under affiliation of Rich Dad label. So Robert's making money from other people's expertise and effort.

The problem is, he got rich not from his investments in businesses/stocks/real estate or guidance from "Rich Dad".
He got rich telling people how to get rich, get it?

Not only poor, but lazy people as well.

Either you DIY, or you hire people to do for you. In a way, everyone's a stupid and lazy fellow.

happy4ever,

1) The bottom line is you are pigeon holing the book. So, you label the book as general book for newbie and refuse to think of it as something else? Why?

2) Who stop you from using his method in stock market as long as it works?

3) So, who cares?? The ONLY relevant and valid question is can you make money from the idea inside his book. You cannot do that. But, do not assume that others has the same problem.

4) The first book, RDPD talked about cash flow basis of classifying whether something as an asset. Other books in the series expand on that idea.

<<So Robert's making money from other people's expertise and effort.>>

5) Isn't this what ALL businesses do? This is called leverage.

<<The problem is, he got rich not from his investments in businesses/stocks/real estate or guidance from "Rich Dad".
He got rich telling people how to get rich, get it?>>

6) So what?? I learned something from his books and it makes me good amount of money. I know that his system does not work for real estate in Malaysia. So, I use the system for Malaysia stock market to invest on bank.

7) The problem here is you could not make use of his book. Which is fine. But, do not ASSUME that this applies to EVERYONE. To some people like me, I learn something that help me make money.

Dreamer

This post has been edited by dreamer101: Mar 31 2008, 10:19 AM

A bit off topic, what i learned from this book is...

- write a best seller
- get rich

-----------------------------------------------

this book no doubt simplify lots of financial management stuff, making it a popular book. But it is mainly depends on how you understand things, just like different people reading bible have different conclusion.

But like what someone posted up there, MLM'er has used this book as a tool to get people in:

- buy rich dad poor dad
- join MLM
- get rich

You can always put a different understanding:

- buy rich dad poor dad
- resign from your day job
- do business
- get rich

Or simply

- buy rich dad poor dad
- read for fun
- buy another book to read

Or even

- buy rich dad poor dad
- read it
- continue your life but with a better understanding on financial control
- get rich

Don't care whether the story in the book is genuine or fake. The most important thing is that we indeed do learn something.

By the way, he never mention Amway in his book.

One thing for sure about the book is that he wrote the book to earn money. LOL