EPTRich Dad and Poor Dad - Page 3
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Racenilatr
United States2756 Posts
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ilovehnk
475 Posts
On January 30 2009 04:46 Racenilatr wrote: LOL. My parents made me read this book like a year ago. Also they have this game called "cashflow quadrant" or something that is sort of like monopoly except.....different in a way :O It is a decent book in my opinion lol, a good start. | ||
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Kerensky
148 Posts
On January 30 2009 04:00 numberThirtyOne wrote: In the end, it always boils down to "I can see you're not willing to consider these new and different ideas so what's the point of talking to you? I'd just be exposing myself to negativity" They'd rather pay for the privilege to be exposed to some overly positive drivel. I could go on, since this is a subject I can get pretty fired up about, but I'd better cut myself short and just post what I have so far. this sounds familiar to me. except regarding spiritual and alternative "new age" type beliefs. only "new age" explanations are hard to prove wrong because they often boil down to "i've experienced it (eg talking to the dead) therefore it is true". often i hear statements like "these very wise people have written about it. you need to go away and read the books. they are written by wise people." | ||
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Falcynn
United States3597 Posts
On January 30 2009 04:46 Racenilatr wrote: LOL. My parents made me read this book like a year ago. Also they have this game called "cashflow quadrant" or something that is sort of like monopoly except.....different in a way :O It is a decent book in my opinion http://www.cashflowboardgame.com/ Is that the game? Seems pretty expensive for what sounds like a really elaborate version of Candy Land. Apparently the person who owns that site gives it a 5/5 though! Edit: ok, it seems that the game is more complicated than that, the way the site describes it is just horrible though =/ and it still seems like a rip off. | ||
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SWPIGWANG
Canada482 Posts
 While the economy is not zero sum, to make it "rich" and be a outlier one either has to add massive amount of value to the economy or con it out of someone. (or mere inflation) Lets just see everyone try it at once, it'd be pretty funny. | ||
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Racenilatr
United States2756 Posts
On January 30 2009 05:13 Falcynn wrote: http://www.cashflowboardgame.com/ Is that the game? Seems pretty expensive for what sounds like a really elaborate version of Candy Land. Apparently the person who owns that site gives it a 5/5 though! Edit: ok, it seems that the game is more complicated than that, the way the site describes it is just horrible though =/ and it still seems like a rip off. ya that game. It is expensive but really worth it in my opinion. It's like Life+Monopoly, don't really know how to describe it exactly lol but it's definitly not a ripoff | ||
thedeadhaji
39489 Posts
The point isnt "be rich or not be rich", but being very smart with the money you are earning, no matter what amount it is. Investing it in the right places, only spending when appropriate, cutting spending as much as possible, etc. | ||
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Ganfei
Taiwan1439 Posts
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ilovehnk
475 Posts
On January 30 2009 05:21 thedeadhaji wrote: Ah yea I've been meaning to read this book. The point isnt "be rich or not be rich", but being very smart with the money you are earning, no matter what amount it is. Investing it in the right places, only spending when appropriate, cutting spending as much as possible, etc. I agree. | ||
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zobz
Canada2175 Posts
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Excalibur_Z
United States12261 Posts
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ZERG_RUSSIAN
10417 Posts
On January 30 2009 04:39 itzme_petey wrote: The book is normally paired togeather with a motivational conference that is held in major cities. Essentially, they try to get you to pay into becoming real estate agents or to buy forclosed properties and turn them for a profit. I feel that after speaking with people who are wealthy, there is no pattern between these folks. We are in love with the concept that we can create massive amounts of wealth (Millions/Billions, not upper middle class) through a formula (business strategies) or by following a path (college). Its always good to be in a competitve position (education, training) but theres more to it. Whether it is getting an executive job or opening your own business, luck has a strong factor in the equation. I feel that rich people (or very successful businesses) are outliers or at the very top of a bell curve. Its a natural occurence. Yet, we look to them as examples (formula steps) of how to get rich, while in fact they are just lucky that events worked out in their favor. Most of their decisions are solid logical decisions, while other key decisions just happen to work out in their favor given their situations. Thats my opinion of the matter. My motto is to do what you are good at, (that does not mean you will get rich, even if you are the best), but if you do get lucky, you will take home the big one. That said, book appeals to the psuedo-intellectual side of people. The concepts are over generalized and are too simple to be accurate. Rich people are just poor people with money. | ||
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ilovehnk
475 Posts
On January 30 2009 05:22 NoobsOfWrath wrote: I found myself in agreement with most of what he said up until the end bullshit about how taxes became legislated. That's just stupid. Yes he's a bit of a tool, but financial dexterity and the ability to save is 100% a valuable asset. Buying luxuries last or only when its truly affordable, not only when you CAN (i.e. credit), is a big part of financial security. Save is indeed an asset, I find a lot of people including my friends keep wasting money on shit they don't need, they buy it because they "want". | ||
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numberThirtyOne
United States294 Posts
On January 30 2009 05:21 thedeadhaji wrote: Ah yea I've been meaning to read this book. The point isnt "be rich or not be rich", but being very smart with the money you are earning, no matter what amount it is. Investing it in the right places, only spending when appropriate, cutting spending as much as possible, etc. Haji, I can get behind those points 100%, but how does it reconcile with the views on jobs/work? Are jobs good, or is it just-over-broke? The speakers I've heard promoting "cashflows" over jobs and using this book to do so say that if you have a job then you don't understand money and you're a sheep. Is this what the book teaches, or are they just badly twisting it? The excerpts from the OP do make it sound like if you grow up with the plan of getting an education and then a good job, you're making a big mistake. I'm saying that the education and job aren't the problem in his ratrace scenario. It's when you decide to start spending more than you earn. | ||
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SWPIGWANG
Canada482 Posts
It is an absurdity that 300million people consumes 25% of world resources. Its quite sad really to see the world economy crash because Americans stops spending money since much of the world is tooled to please American asses and now has to readjust. | ||
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numberThirtyOne
United States294 Posts
On January 30 2009 05:29 zobz wrote: The problem is that supposedly those people are commonly in debt and unhappy and much less successful than they could be, and though society may need some people to be unsuccessful, nobody wants to Be those people. That's only if you define unsuccessful as not making tons of money. Society doesn't need anyone to be truly unsuccessful. Society needs that awesome car mechanic that he mentioned, but why are we deciding that the mechanic was unsuccessful? He successfully fixed the car, and if he truly had the gift for it as it appears he did, then there's no reason he shouldn't be fulfilled and happy doing what he does. I know completely happy people who are mechanics, work at department stores etc. These may be lower income, and society does need them, but let's not just up and define them as unsuccessful. The truly unsuccessful who beg/borrow/steal and don't contribute anything are never needed, except by con artists, pyramid scheme promoters, and the like. | ||
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KlaCkoN
Sweden1661 Posts
On January 30 2009 05:29 zobz wrote: Imo the problem is it only takes you guys half a page to develope a band wagon. First thing i noticed about the bad review posted on page one is that it's given by another book-selling financial adviser, not a critic. And fakesteve your reasoning is bad. Of course society in its current form needs people who will work lesser jobs. The problem is that supposedly those people are commonly in debt and unhappy and much less successful than they could be, and though society may need some people to be unsuccessful, nobody wants to Be those people. It's too bad in my opinion that the book seems to be so much about how to get super rich and not how to be happy with a more modest income, but i don't see any indication that the author is an asshole. Aside from the fact that he believes in god and he thinks poor people wish they had more money (:o) I think people living under the illusion that if they save enough, are smart enough and read the right books they will become very very rich probably get even more unhappy in the long term though. | ||
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poilord
Germany3252 Posts
On January 30 2009 05:21 thedeadhaji wrote: Ah yea I've been meaning to read this book. The point isnt "be rich or not be rich", but being very smart with the money you are earning, no matter what amount it is. Investing it in the right places, only spending when appropriate, cutting spending as much as possible, etc. While you can save a lot of money by cutting down on any sort of unnecessary spending, there is always a certain danger of becoming too cheap. I'm not saying that everyone should start spending all their money now, but if you have some money left after paying all your bills and putting something in the bank for the future, don't start counting every penny. I encountered this problem in the past myself. I'm working besides going to university and am usually trying not to spend too much money on unecessary or overly expensive things. Then my friends asked me if I wanted to take a summer trip to the U.S. in 2008; at first I was hesitant since I thought "mhhh this is probably going to cost me ~2500€ total", started measuring this sum against how long I would have to work for it and got really hesitant. Then I realized that once I have finished uni and found a job I simply won't be able to take 4 weeks off to go on holiday. That's why I decided to spend the money and had one of the best holidays ever. Therefore I have adopted the philosophy that it is okay to get yourself something nice once in a while, if you go to work regularly. Money won't make you happy. | ||
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Falcynn
United States3597 Posts
They're not trying to say that you should hoard all of your money and not enjoy it, but just think about everything you buy and decide if you truly want whatever it is or if it's something you'll regret later. | ||
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passby20
United States47 Posts
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