happy4ever,

Aha!! How many people that you know has COMMON SENSE?? As far as I can tell, it is VERY RARE.

For example,

How many people buy stock without figuring out how they plan to make money out of that stock??

i) Are they going to sell it aka a trade?

ii) Are they going to keep it and collect dividend??

iii) How much are they willing to lose?

iv) At what price will they sell?

So, tell me how many people that you know answer question (i) to (iv) before they buy a stock?

How many people that you know believe the house they lived in is an asset?

"Common sense is highly uncommon."

Dreamer

This post has been edited by dreamer101: Mar 30 2008, 08:02 AM

happy4ever,

<<If one is familiar in the stock market, he would know what suits him. >>

Only if the person has the COMMON SENSE of getting familiar with stock market before buying stock. IMHO, this is PRETTY RARE. I didn't do that either. I had NO COMMON SENSE.

<<And having common sense also doesn't mean knowing the technical details of it. >>

My question which you HAD NOT answer is how many people that you know has COMMON SENSE. In my experience, most people has NO COMMON SENSE.

<< which is already known.>>

Who say so?? Not in my experience. And, from answering and reading MANY MANY posts in this forum, you would have come to the same conclusion. Most people has NO COMMON SENSE.

For example, there is COMMON SENSE on you make money when you buy investment. Aka, do not buy investment that does not make money for you. Yes, it is COMMON SENSE. But, it took me 10 to 15 years and after reading RDPD, I finally got IT.

Dreamer

This post has been edited by dreamer101: Mar 30 2008, 09:18 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

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

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