great book! and i became a disciple of rich dad...
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08-30-2009, 07:13 PM #31Elite Member
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09-01-2009, 12:35 AM #32Senior Member
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its a nice book. it will change your way of life. it will encourage you to make a resignation letter hehehehe!
take note these are experiences of an american businessman, there are other taxations which may not fit in our taxation code. You will also learn to avoid paying taxes bwahahahaha
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09-14-2009, 01:19 AM #33Junior Member
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It's a nice. It's the first thing that keep the fire on me burning about doing, business, stock trading and other businesses.
I have learn a lot from the wisdom of rich dad. Like:
"It doesn't take money to make money"
"It is the investor that's always risky not the investment"
"That money is worthless, when it's just. But when it is reproducing and making more money, then
that's when money is valuable"
"The danger with some people is: they consider themselve 'investor' even without learning'"
He has the simplest way to convey what's important. See other titles of his books. They are inspirational, but
in the end, it's still me and you who needs to execute the trades and business. So after reading his books, make sure you take your stuff up and plan your way to have your own investment and business plan and GO FOR IT!
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09-14-2009, 02:22 AM #34Junior Member
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ive read this though i like it i must say somethings mentioned there might not be applicable in the phils..
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09-14-2009, 05:00 AM #35Elite Member
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eye openning. yup most ideas may not be applicable in our country but still you get the general idea of how those rich people think. there are some parts na wal jud ko kasabot kai murag lain ang setting but I really enjoyed reading it.
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09-14-2009, 01:04 PM #36Junior Member
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simply put, in order to become financially stable and successful, we (people) must not work for money but instead let money work for us. let money work (rotate it) in order to generate more money. kiyosaki stressed that it's the major difference between rich people from middle class and poor people. the rich knows how money works while most of the middle class and poor don't.
after reading "rich dad, poor dad", i have thought about this single equation that might guarantee success or at least financial stability/freedom (or increase the chances the least):
hard work + smart work + knowing the right people and opportunities + financial literacy = success and financial freedom
kiyosaki's point are so simple yet can leave many people dumbfounded. why? because as he said in the book, financial literacy is something that is not taught in schools and unfortunately it is one of the most important things/knowledge one must have. technical skills and academic excellence are important in life because they serve as the foundation of one's career but without financial literacy, no matter how much one earns, financial freedom/success could be inevitable.
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09-15-2009, 08:20 AM #37
Kiyosaki has some good points, but I don't totally agree with some of his teachings.
If you want a real deal, check out this person "Warren Buffet".
YouTube - EIC - Warren Buffett Biography #1 - einvestclub.com part1
YouTube - EIC - Warren Buffett Biography #2 - einvestclub.com part2
YouTube - EIC - Warren Buffett Biography #3 - einvestclub.com part3
YouTube - EIC - Warren Buffett Biography #4 - einvestclub.com part4
YouTube - EIC - Warren Buffett Biography #5 - einvestclub.com part5
YouTube - EIC - Warren Buffett Biography #6 - einvestclub.com part6
YouTube - EIC - Warren Buffett Biography #7 - einvestclub.com part7
This person is the truly rich.
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09-15-2009, 07:44 PM #38Elite Member
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i would also advise researching about donald trump.. he primarily invests on real estate..
Originally Posted by lorenzoleo
mag read pud mo sa book na E-myth... its about businesses..
i would like to point out that there are many possible sources of income..
this is called multiple-stream-income
this includes, businesses, earnings from real estate, dividends from stocks, interests from savings..
there are many ways to earn money..
it is best to explore all possibilities and oppurtunities to earn the most money at the shortest time possible (legally)..
it doesnt take money to make money.. but you really need your brain in doing so..
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12-03-2009, 10:04 AM #39Junior Member
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That is great, I also bought my own cashflow board. I also have almost complete copy of his Audio books. Richdad poordad is a mind opener for me that i am stuck in my life and have to change life direction if i want to succeed in life. Originally Posted by tania
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12-03-2009, 12:24 PM #40Senior Member
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nakamata ko kung unsa ang tinuod ma hitabo bsta dili na imong mga ginikanan ang mag buhi nimo pagka human nako og basa sa libro.
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