Does anyone know if the "Rich Dad Poor Dad" books are worthy of anything more than real estate investing? Are they good for getting other businesses started besides real estate? A friend of mine recommended them to me and she runs a business in the CNC machines industry.
Hey Kev, I'll offer my insights, as I have read many of them now.
IMHO, just like DB/DR, they are not specifically about a particular investment or financial issues, but about your relationship with finances/investing in general.
Call it GAL, financial style. But, just like any advice, there are some truths, and some things that will not apply to you, and there will be some things that many people disagree with.
For me, just like DB/DR, I had many 'epiphany' moments when reading them. We think we know and understand finances and investing, but we generally do not.
How many people here know exactly how our, or the global, monetary system actually works, or what 'money' is at all? I would say 90% of people have little to no understanding of it, or finances, yet try to 'win' at the game of money with no knowledge of how it even works to even pony up to the table.
Me included! I have only recently been working on this, and been on hiatus a bit to work on myself now, and plan on going back to it after I can get through this transition.
Interestingly, RK has made a fortune now off of these books, and many people think he is a bit of a 'charlatan' for doing so. I like to think of it differently, but also think people need to come to there own conclusions on there worth..
Last edited by iwantittowork; 12/28/0905:00 PM.
M: 41 STBXW: 41 D: 9 Bomb: 4/26/09
On board the D train now..
"Suffering is when we try to change what we cannot."
