Rich dad poor dad on Bitcoin & cryptocurrencies "they're taking on the FED

[s92225]

Robert gives mediocre advice at best, rich dad poor dad is as good as he gets and that story is completely made up.

Own assets not liabilities is pretty much all you need to take away from him.

This is the guy telling everyone they could get rich buying real estate in 2008.

By the time he gets in on something, the ship has sailed...

[avikz]

I read this book during my Post Graduation studies. The book gives one really great learning among others is,

Rich people acquire assets while others acquire liabilities in disguise of an asset.

It's a truth, indeed!

Example is in front of us! People who invested in bitcoin back in 2009 - 2012 period, are the rich dads as per Robert! People who invested in late 2017, are the poor ones! It's all in our minds!

[JC btc]

This is similar to Bitcoin wherein those who have bought way back before the bull run are now the rich one and those who bought during bull run are those who are poor.

I really love that book, learning a lot from them, I actually begun to invest real estate as I know this will be a big thing 10 years from now, especially now that the value of land here in our country is becoming higher and higher every year as the supply available for sale for land continuously decreasing.

[Pearls Before Swine]

Op, who are you talking about here?  It would be nice if you gave a link to whatever it is you're referencing, because not all of us are in on who this guy is or what his significance is.

Own assets not liabilities is pretty much all you need to take away from him.

That's smart advice for anyone.  I see a lot of my friends maxing out their credit cards in order to fill up their home with expensive furniture and other knick knacks, and what they end up owning is a very expensive debt and possessions that only depreciate in value.  Not sure if that's what your man meant, but it's what I immediately think of.

This is the guy telling everyone they could get rich buying real estate in 2008.

Okay, that was stupid advice but that was the feeling a lot of people had back then.  I remember people were flipping houses for profit right up until the whole thing crashed.  That was a crazy time.

[Boov]

Robert gives mediocre advice at best, rich dad poor dad is as good as he gets and that story is completely made up.

Own assets not liabilities is pretty much all you need to take away from him.

This is the guy telling everyone they could get rich buying real estate in 2008.

By the time he gets in on something, the ship has sailed...

I have read this one , and I totally agree with this one, it helps me a lot in terms of my financial status now, it is an eye opener for me. He is right, rich people becomes more rich because their investing on something that could bring more money on them not only for those liabilities that they are having. This book is very infomative and highly recommended to you guys .

[DoublerHunter]

~snip~

I have read this one , and I totally agree with this one, it helps me a lot in terms of my financial status now, it is an eye opener for me. He is right, rich people becomes more rich because their investing on something that could bring more money on them not only for those liabilities that they are having. This book is very infomative and highly recommended to you guys .

^ I saw this book online and I wanted to read it because one of my friends says that was a very inspirational book that we must read about financial problems. That is right because the mindset of rich people is different from poor people. It will teach you the financial knowledge that you need to build a life of wealth and freedom. Definitely right, let the money works for you and doesn't work just for the money. Investing in cryptocurrency or in Bitcoin will give you an answer.

[Upgate]

What's the real point of the post and has it Any business with cryptocurrency not bitcoin. I have not read the book or have I an idea of the rich dad poor dad thing.
However shouldn't it have connections with what we are doing here

[kryptqnick]

I read this book during my Post Graduation studies. The book gives one really great learning among others is,

Rich people acquire assets while others acquire liabilities in disguise of an asset.

It's a truth, indeed!

Example is in front of us! People who invested in bitcoin back in 2009 - 2012 period, are the rich dads as per Robert! People who invested in late 2017, are the poor ones! It's all in our minds!

I think that Bitcoin is a different thing, and this is why this analogy is not very accurate. I don't know how often assets people invest in turn out okay after suffering major losses, but Bitcoin is that kind of investment. Sure, the investors of 2009-2012 might be very rich (although I guess a very small fraction of people who had BTC now managed to hold them long enough to really profit from it), but people who bought in 2017 made a bad middle-term choice, while long-term they can still turn out to be rich. 5 years from now $20k might easily seem like a very low price to pay per Bitcoin. People just gotta be patient with this one.

[s92225]

I actually dont trust this guy, what he's saying is just buy property and hold, pure simple stuff, and he said it before mortagage bubble brust lol ..

I should just head back to crypto exchange and trade coins.

[Eugenar]

Own assets not liabilities is pretty much all you need to take away from him.

Maybe we could apply his principles to have a good profit in cryptocurrency space. But in certain cases, we cannot make bitcoin as our own asset as it is decentralized and the community has the control to it.

This is the guy telling everyone they could get rich buying real estate in 2008.

But a real estate through bitcoin would be a good idea if it will be implemented. We know what bitcoin is capable of in the late future, if we buy assets in bitcoin today, huge profit awaits us we if put our on trust it.

[Silberman]

Op, who are you talking about here?  It would be nice if you gave a link to whatever it is you're referencing, because not all of us are in on who this guy is or what his significance is.

He is talking about Robert Kiyosaki which is famous by his series of books which are called Rich Dad, I have read some of them and in one of them he references the advice he received from his Poor Dad(his real father) and the advice he received from his Rich Dad(the father of a good friend) then he compares their advices and decides his Rich Dad is the one is correct and follows on his footsteps, even if the story is not true it is a good illustration about what the rich do to become rich and why everyone else never seems to get ahead.

[Kprawn]

Robert Kiyosaki Books was inspiring to say the least and his "Rich Dad, Poor Dad" book was very informative for the younger generation. The other

books was not that good and the whole business built around his content was just a way to make more money. He started with a very good book

and then he got greedy.    I attended some of his seminars and I bought more of his books, but I was disappointing to say the least. One thing

he does very good, is not to go with the mainstream sheep and he is not scared to take on the traditional concepts of the past and turning it on it's

head. 

[Doell]

I don't know about the book there a trace that will lead me there? quite interesting and full of drama like the true story in the novel ,might also inspire people who don't know the book seems like he's a good motivator
#Edit
found it on google thanks all about keywords robert kiyosaki