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Any Rich Dad, Poor Dad fans?
Someone mentioned Robert Kiyosaki in another thread, but the thread went back on-topic, I responded, but did not want to derail anything, so I am moving it here.
I was obsessed with Robert Kiyosaki for a while, trying to find any advice that I could follow without paying first. I found the audio book and listened. It was just a story. It did not contain any advice. I ran across John T. Reed's blog and was impressed with how informative he was. He wasn't selling anything except reasonably-priced books. While I have heard countless people talking about buying foreclosed houses for pennies on the dollar, he said it was more like pennies off. He had reasonable, realistic, and boring advice. Someone sent him "Rich Dad, Poor Dad:" https://johntreed.com/blogs/john-t-r...oor-dad-part-1 People comment that he did more research refuting that book than whoever wrote it and Reed said there was not any comparison. Then Big Daddy Inc (or whatever) declared bankruptcy. I do not worry about what Kiyosaki says. |
I dunno, it was probably close to 20 years ago that I read the book. The main thing I remember is that rich people invest their money, and poor people spend it. Buy assets and not liabilities.
The #1 trait of financially successful people is delayed gratification. That's not really something you learn; it's a disposition. The resolve to deny immediate pleasure for greater future reward. That's more of a character trait than something learned, but it's always possible to consciously change behavior. Consciously deciding to act in a certain way repeatedly turns into a habit, and the continuation of a habit turns into character, where finally decisions are no longer required to be made because it's an automatic response. His advice to not waste time and money in college if you aren't pursuing a career that requires particular educational credentials is sound. The cost of school has never been greater, and the value of a generic degree never lower. While statistics might show that college grads make more money, the correlation does not prove causation. More likely smart people go to college, and we know people with higher IQ earn more money. I would never pay for financial advice. The average stock portfolio managed by so-called financial experts return average market performance while they collect their non-performance based fee. If they really had confidence in their skill, their services would be free if they underperform the market. All the other basic financial principles can be learned for free because the concepts of spend less than you earn are pretty darn basic. MrMoneyMustache has lots of practical and specific information. Whenever you have a major financial decision to make, there's endless information on the internet. Then, lots of people spend more than they need to because they are lazy. Insurance companies have rate creep, ISPs end "promotional" pricing for their longer term customers, and similar practices from nearly every type of recurring service provider. They love loyal customers and reward them with higher fees, because loyal is code for lazy. |
I have always been glad that I completed my Bachelor's in Spanish, but when I graduated I was $40,000 in debt, without any idea how to better earn money than when I started. I researched Speech and Hearing a great deal before starting and I love my job, but that program does not lead directly to a job unless you have grades adequate to get into grad school.
I didn't, so I spent a while finding someone to train me, and now I keep trying to find and keep clients. A Master's would open up a world of opportunity, but there is a long road to get there, and I cannot help but wonder what if I just found some office job in 2000 and slowly worked my way up. College is great and wonderful, as long as it is a tool, and not a commitment someone else made. |
Take poor people who have 5 kids, and people with similar income but that have 1 kid and gave moral values and try to give good education.
But if the family with 1 kid and fine morals are white, what extreme left wingers will say??? They will say it's due racism. If you argue that's not racism but poor morals, birth without marriage, high number of kids, they will turn angry and tell you that people can have as many kids they wish and that marriage are sexist and that moral values are opressive conservadorism. |
I think Rich Dad Poor Dad is a good book if you've never had any exposure to how to build wealth and/or manage money. Redpoint summed up the vast majority of the points it makes though.
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How is everything going Daox? What is new?
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Things are going well for me. I hope to be out of my part time 9-5 job by the end of this year, and mostly working online which will make my lifestyle and time extremely flexible. Might even be able to get the Insight fixed up and back on the road. That would be nice since its been sitting in pieces for quite a while now.
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You do not have anyone complaining about all of the space it takes up, do you? :)
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Not really. Every once in a while my wife brings it up, but its not often.
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Never read the book. Never seen it.
But the idea that the way you were brought up, the things you were exposed to (even without being "taught") and the attitudes that you just think of as normal are going to determine the course you take through life isn't a new one. And what people call "moral" generally just means stability enforced by repression- but the idea that stability brings prosperity is even less new. People get "tracked" even if they fight it, and how much money your parents have/make has more to do with what track you start out on than anything else. A rich dad may not teach you how to manage your money, but even without trying to do that he shows you that managing it is important. The most important part of the lesson is the actual fact of having money. It's hard to manage capital when you don't have any, and even harder when jobs are scarce. Bad or no credit simply teaches you that credit is bad, not how to use it appropriately. |
No
No, not really. But i see why some would
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Be careful with people who don't save money, who spent without rersponsability !
If you save money do not allow these people to know. Stay quiet. There are people who not just don't save money but that also don't give value to people who save money. They are so shameless they are able to expent what they have and then come to people who save money (even if earn less than they), and request money. I helped a girl, a physiotherapist from the clinic I was being treated, since she was going to marry and had exceed the credcard limit. What I lend to her was about 4x the penalty she was paying to the credcard company, so she could solve the problem and in 4 months pay me back. Almost 3 years after she didn't contacted me to pay me. I had to contact her and show the values and the correction due inflation. She was not the worst kind I refer in the top of the text, and not very shameless, but this experience helped me to be more careful with people. This girl had many Facebook posts about God, Catholic church, images of Mary, quotes about God and moral values. She once told me she was disapointed with me when she found I was a atheist. Well... No christian friends of her in the physiothery clinic helped her with money... and her christian values didn't remambered her to pay me. |
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Matthew chapter 6 talks about not worrying about the future and just focusing on the current day; and I think people take that to mean that financial planning is somehow a sign of faithlessness, or evil. At least they will use that as comfort for their lack of financial management. Anyhow, that coworker went to me on 3 occasions to borrow money because he couldn't pay rent even though he was a single guy with no obligations or major expenses. The guy lived paycheck to paycheck. I never loan money that would make me upset if it wasn't paid back, so I've denied some requests for loans from people. Usually I make the loan. The most I've ever loaned to someone was $50k, but the guy didn't need the money and it was mutually beneficial since he was paying interest, and I was offering him a lower interest rate than he would otherwise have had. |
Bible it's like play dough. It can be used (modelled) to justify anything. So religion it's a brain masturbation.
https://i.ytimg.com/vi/CDsYAH1aWgw/maxresdefault.jpg If you earn much less than someone it creates some pity feeling. If you earn more they can get envy over you. Human nature... People want you to be fine, but not better than them. In the case of save money, if you manage to save more, while a fool expent and don't save a peny, even if earns more by month than you, this can create some envy. I see how much rightness are becaming target of angry nowadays... If media and fashion says to people get dirt behavior, imoral people get angry over people with moral values. If media tells people to expent all their money with foolishness, and some people save money and don't buy foolishness, they get angry over people who save money. Monkeys... humans are monkeys with groops behavior... Groops fighting another groops and they just need to find differences between groops to have a reason to fight. Hey 50K it's a quite a money... So you did more a sort of investment, I presume. On Brazil people don't go to jail for taxes problems or debts problems, even if proven it was with bad intention. I remamber about the old mayor of the city here years ago, and how his debt with goverment taxes was higher than his possessions state/wealth. And he was mayor more than one time. Brazilian laws was created to help criminals... Sh....thole system... |
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I'm with you in my dislike of religion, though I see the benefit for those more concerned with fitting in, or needing concrete rules to live by to ground them. Rules get you by in absence of good philosophy, and adopting good philosophy is extraordinarily difficult compared to adopting rules. Quote:
I turned it around and said that if I wanted to make $150k, I could. Ultimately I don't care if I make lots of money, and I'm not willing to become a slimy salesman to oversell my capabilities and worth in exchange for it. The saver vs spender personality is mostly genetic though. Some of my first memories was saving pennies in a toy trailer. I valued the opportunity the money represented more than the things I could buy with it. Behavior can change, but it's enormously difficult, and gets harder the older a person gets. Quote:
That said, society tends toward better behavior and ideas. The terrible ideas now while bad, aren't the worst we've had, and surely won't persist into the future. Darwin rules apply to ideas too, and only the fittest persist. Quote:
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Religious people use to say that I only know right and wrong due christian/hebraic God. But if right and wrong it's just a "because yes" it would have no value, since there would be no argument and phylosophy but just a "baecause God said so".
They forgot how they created values and not God, since religion changed a hell of a lot things, interpretation and ideas. To start was men who choose the text that would compound Bible. Men created churchs and elected Popes, and curchs and popes vary so much along history... So no one was the world a supposed God. Unless God have multiple personalities syndrome... If society today do not kill atheists (like me) and allow divorce and many other things, even in church approval, it's because of human phylosophy and not because any God. So men creates God. Religious people choose not follow crazy sh...t on Bible, like sell children, so they have their own morals outside Bible, and use it to manage religion. Some people today start to say black people have more tendency to genetics to be more prone to spent than save, and use Darwin's theories to argue, like africans had to hunt and europeans had to farm and save food for the winter. It sounds logic, but need to be scientific proof of it, otherwise we could formulate science theories to jsutify racism. A suposed researched (needs to be comfirmed) showed black kids have more more tendency to prefer a lollipop today than wait get 2 lollipops tommorrow. If it's genetic or cultural, who knows... Parenthood have a deep influence. A parent tho saves and teachs to save creates a early behavior on their kids. Are you against pay jews grandchildrens for the death (execution) of their relatives in WWII??? I see that there are sme responsability. If the grand-grand-grand-grand... children of the whites who slaved the blacks earned their money, there is some responsability. If the scars of slavism are still there, there are responsabilities. But it's different from what left wing it's doing now, with so much exageration and crazyness. Quote:
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We can make a reasonable estimate of what is owed between 2 living parties, but once you remove that by even 1 generation, it gets way too complex. If reparations are a good idea, then we can try to figure out which troglodyte tribe repressed another troglodyte tribe and altered the trajectory for a particular group for thousands of years to come. Nobody thinks settling that score now is a good idea. It doesn't really matter if people in the past acted ethically because it's history, and there's nothing to be done about it. It's a distraction from ethical behavior in the present, which is the only thing that matters. It's evil to hold a debt against a group of people that had nothing to do with injustice, and to seek payment for debts never belonging to them. I'm 25% Japanese. My Grandmother was in Japan when it was bombed. Should I be 25% pissed at the US, and demand 25% compensation for her losses? Way too complex. You've got to let things go. |
I am a descendant of Abel, but everyone else is a descendant of Cain. Everybody alive owes me reparations--and 6,000 years of interest.
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Well, gentlemans... if your father kills my pet dog, I will not charge you for your father's crime when he passed away.
But if your father died during sue process and you inherit his wealth, his home, bank account etc..., maybe I have some right to charge his patrymony and demand some indenization. If the actual german people hadn't inherit german, all the extructure, there would be no escuse to charge german citizens which wasn't born during WWII atrocities. If you found today that your grandpa was a victim of a untold experiment, like when USA government give food with radiation to test the effects of radiation in humans in the 50's, and as consequence he died young and let your granma in difficult situation, you would sue USA government for the damage they did to your family. |
Well, how many you killed in Iraq?
If you killed a lot maybe Cain would be the main genealogical three for you. Just kidding... :D I know if you hadn't shot them they should shot you. Surviving was the rule. Quote:
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I was in Afghanistan and to the best of my knowledge, nobody attempted to harm me.
I did not fire my weapon the entire time that I was in-country. However, if you killed a civilian's goat, you owed them a goat, all of the kids that goat could have had, and all potential grandkids. |
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We received money after we lost my dad. It did not make us feel any better about losing him, but Mom now has some money to support herself.
The thing is, the person we felt was responsible for his death was still alive. What kind of messed up Count of Monte Crisco would it be if I pursued someone's kids. "What the heck's wrong with you, man?! We had nothing to do with that! I didn't even know my father!" |
I may have mentioned that I feel that I need to replace my bedroom door with a solid-core one. From what I have read, this is the best way to attenuate my brother, mother, the Hallmark Channel, and three nights a week, my brother's hearing-impaired provider.
They are quite distracting when I am trying to do schoolwork. There are other areas of improvement, but as long as I have a cardboard door, they would make little difference. Annoyingly, searching for "solid-core door" at Lowe's and Home Depot show everything but solid-core doors. Many are hollow. A large number have windows and other "features" that I do not want (and for which I do not want to pay). However, I looked again and found this: https://www.lowes.com/pd/ReliaBilt-S...-80-in/4750843 $43, although they will not ship it, and they would charge $59 to deliver it. Yeah, it is annoying to transport a solid-core door in my Accord, but I did it before, and then I returned it the same way. I just want a plain door that would better match the hollow ones, but I am sure this will be fine. When I looked before I found zero doors, so I had been researching making my own. Today I watched several videos about making doors, but none of them were as simple as I wanted. In theory, I could screw and glue multiple pieces of plywood together to make a door, right? So, then it showed a fake TED talk by Robert Kiosaki. It was not a real TED talk, but I thought that I would give it a chance--at double speed. He basically summarized "Rich Dad, Poor Dad," but gave a third reason he joined the Marines (from the merchant marines). One time he said it was to lead men. Another time he said it was to see what was happening over there. This time he said he felt guilty that he was trying to make lots of money while his country was at war. All of a sudden YouTube showed me many other of his videos. I am sure that he has great advice buried in there, but I gave him twenty minutes (okay! Ten!) and he wasted it. By the way, it was 2016 and he said that we were about to have an economic collapse, and that each previous one had been orchestrated, because the government did not bail out the country, they bailed out the rich. |
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