Subject: Confused over Replies on "Robert Kiyosaki - "Rich Dad Poor Dad""
Kenn~ ( snipped-for-privacy@earthlink.net) What I felt he taught me is how "rich" people think....
Assets were the thing. How can it be an asset if it does not throw off cash? How can it be anything but a liability if you have to pay out cash to keep it?
Kenn~ ( snipped-for-privacy@earthlink.net) I didn't learn how to invest in Real Estates...
He used it as an example of principles he was suggesting be taught to pre teens.
Kenn~ ( snipped-for-privacy@earthlink.net) I learned the difference between 'believing' that my house was an asset over a liability....
There are many readers in a boat on a river in Egypt on this one (De Nile).
Kenn~ ( snipped-for-privacy@earthlink.net) I learned the difference between having to work from 8 to 5 and then to having the government take away half of what I earned; verses starting up a new system and having that system turn into an asset...
Rich Dad suggests finding a way to buy assets with pre-tax income.
Kenn~ ( snipped-for-privacy@earthlink.net) I learned that there are no such things as a "risky" investment... it depends on your financial education to know what those risks are and to know when to take a risk and when not to....
Now you are in the realm of Futures Traders.
think and no single path to wealth. <
I think you will find that ALL Rich people acquire income-producing assets. No exceptions. I felt the book was about perspective. It did not offer a signal path to wealth. It did offer an excellent definition of wealth.
ZaK ( snipped-for-privacy@yahoo.com) "The Millionaire Next Door,"
What is your definition of Rich? Have you considered that The Millionaire Next Door may not be rich by "Rich Dads definition!"?
Darkness ( snipped-for-privacy@yahoo.com) the power of compound interest. <
This power in unleashed within the income from earning assets. Non-income earning properties miss this "Secret of Babylon," power.