richdad poordad has no more guide after achieving freedom

[Broly46]

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

I dont fancy giving away the thing to charity btw.

I know elon or warren must have their handbook to guide them, but I doubt they would want anyone to know and read their guide book.

cash flow 101, cash flow 202, what about cash flow 303?? cash flow 4040? cash flow 505?

[1714727843]

1714727843

[Despairo]

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

What do you mean by this? is it related to privacy and security? I think not every person want to share 100% of his life and master in everything.

Most of rich people are good negotiators, it's not make sense for them to tell this in public. They might know how to differentiate between scammer and honest person, let's say they judge using body language, when someone did this or that, it's not genuine person and better to avoid such kind person in financial trade.

If they tell this to public, the scammer will learn how to being a genuine person.

[Broly46]

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

What do you mean by this? is it related to privacy and security? I think not every person want to share 100% of his life and master in everything.

Most of rich people are good negotiators, it's not make sense for them to tell this in public. They might know how to differentiate between scammer and honest person, let's say they judge using body language, when someone did this or that, it's not genuine person and better to avoid such kind person in financial trade.

If they tell this to public, the scammer will learn how to being a genuine person.

I means there must be a guide or something after you get near to the point of retirement, btw in his book, he just roughly get through it, he describe himself after he sold his business, and he reach where he think is the hardest thing to do in his life, he couldnt get busy in life, and do not know how to proceed, but there is nothing else in the book except he say he have no answer to that part of his life.

[angrybirdy]

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

What do you mean by this? is it related to privacy and security? I think not every person want to share 100% of his life and master in everything.

Most of rich people are good negotiators, it's not make sense for them to tell this in public. They might know how to differentiate between scammer and honest person, let's say they judge using body language, when someone did this or that, it's not genuine person and better to avoid such kind person in financial trade.

If they tell this to public, the scammer will learn how to being a genuine person.

that's right, usually with entrepreneurs and rich people, they don't give the full details of how they achieved their dreams and goals in life, Sometimes they don't even share the real reason and they just make up a different story so that other people don't imitate them, Especially now that fraudsters are scattered everywhere especially on social media.

[adaseb]

It’s been years since I’ve read the book. Basically if I remember the book correctly, he says that you need assets like real estate that can work for you while you are sleeping. Saying that working for someone else 9-5 but not investing that money to make you money is not smart.

So he just wants people to invest in real estate or some business which can make them money instead of just spending your hard earned money.

It was a very popular book. Maybe it helped some people. But keep in mind he makes tweets all the time about the coming recession and he is always wrong. So don’t trust his stock tips.

[Broly46]

It’s been years since I’ve read the book. Basically if I remember the book correctly, he says that you need assets like real estate that can work for you while you are sleeping. Saying that working for someone else 9-5 but not investing that money to make you money is not smart.

So he just wants people to invest in real estate or some business which can make them money instead of just spending your hard earned money.

It was a very popular book. Maybe it helped some people. But keep in mind he makes tweets all the time about the coming recession and he is always wrong. So don’t trust his stock tips.

he probably cant build a school to indoctrine a new batch of warriors for him. But I think twitter is in the mess, I couldnt browse and get update from the tweets with some browser, it look to me, his twitter has been frozen since 2022 nov and edward snowden move to another platform after foresight the trouble, and get no updates since ever, idk what is going on.

[franky1]

the general rule is to get appreciating assets..
where by eventually you can live off just the income/rental/commission/interest/deflation growth, of the asset without having to sell/dispose/lose the underlying assets principal

once you get to a certain level of comfort and sustained profit from the untouched asset. you then start investing in your offsprings future to get to their goals


your home is not an asset if its on a mortgage(+repairs, insurances, county taxes) as costs outweight appreciation
cars are not an asset(cars depreciate)
the dream of future appreciation when paid off/becomes "a classic" does not mean its currently an asset if its costing you/losing you value right now

if you have a house paid in full and it appreciates more then ongoing costs. then you have an asset
if or if not appreciating above cost but you rent it to cover its maintenance/county tax/insurance costs so that you get more back than you put in
then its an asset

a business is not an asset if it requires your presence each day and doesnt even break even with your involvement/time.
a business is an asset if even after costs of delegating labour to operate it without you, the business profits/self sustainable

when you get assets, never sell the asset principal. just live on, or use the profit/income/interest gain from the asset to grow more asset

[dothebeats]

Well, I'm pretty sure that that book gave insights as to how to move from there after surviving the rat race. The gist is once you get out of the chains of a 9-5, you have to make your money work for you somehow. Investing in something is a good start, and getting a financial adviser is always good if you already have deeper pockets than before. I honestly love that book because it taught me the principles and the basics, and I know it's up for me to figure things out once I started figuring making some serious money.

[Yatsan]

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

What do you mean by this? is it related to privacy and security? I think not every person want to share 100% of his life and master in everything.

Most of rich people are good negotiators, it's not make sense for them to tell this in public. They might know how to differentiate between scammer and honest person, let's say they judge using body language, when someone did this or that, it's not genuine person and better to avoid such kind person in financial trade.

If they tell this to public, the scammer will learn how to being a genuine person.

that's right, usually with entrepreneurs and rich people, they don't give the full details of how they achieved their dreams and goals in life, Sometimes they don't even share the real reason and they just make up a different story so that other people don't imitate them, Especially now that fraudsters are scattered everywhere especially on social media.

I've encountered a successful individual before, and alike with most people, I also asked him what's his secret. He answered "nothing", at first I was a bit confused. But as to how I assessed things, he just became consistent of things and bit every opportunity that came to him until he get on that point of his life. There's really no secret other than will and consistency. Patience is a given thing which is applicable to everything, so there's no need to say. Some would say generational wealth is a factor which really makes sense but in the first place that's not their fault having such feat as long as they know how to utilize it for their own progress; what's bad is to just depend on it. Not all people has that, but most of the successful ones started with nothing and for me that is because they have bigger drive within them which pushed them althrougout.

When it comes with speakers and fraudsters, they will just use words we desire and expect to hear from them; words of encouragement won't mean anything if you will not act upon it. Everything depends on us; create a tree from seeds. Expect a long journey and never assume things will happen overnight. Learn and keep walking on your chosen path.

You will never be beaten as long as you don't surrender yet.

[Die_empty]

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

I don't think there is a book that contains a complete guide to financial independence. Each author will present his views based on his own studies or personal experience. You have the responsibility of researching more to cover up lapses in a book or to gain more information. It is not all the information that Robert Kiyosaki gave out in that book that I practice because some of them might not suit my condition.

I means there must be a guide or something after you get near to the point of retirement, btw in his book, he just roughly get through it, he describe himself after he sold his business, and he reach where he think is the hardest thing to do in his life, he couldnt get busy in life, and do not know how to proceed, but there is nothing else in the book except he say he have no answer to that part of his life.

The content of the book Rich Dad Poor Dad is mainly the author's personal experience of his two fathers. He might not have sound knowledge about retirement since he has not gotten much information or experience on the topic. I think a retiree would be the best author to write on retirement. Robert Kiyosaki is not a master of all but there there are many books on retirement that could be helpful.   

[Broly46]

the general rule is to get appreciating assets..
where by eventually you can live off just the income/rental/commission/interest/deflation growth, of the asset without having to sell/dispose/lose the underlying assets principal

once you get to a certain level of comfort and sustained profit from the untouched asset. you then start investing in your offsprings future to get to their goals


your home is not an asset if its on a mortgage(+repairs, insurances, county taxes) as costs outweight appreciation
cars are not an asset(cars depreciate)
the dream of future appreciation when paid off/becomes "a classic" does not mean its currently an asset if its costing you/losing you value right now

if you have a house paid in full and it appreciates more then ongoing costs. then you have an asset
if or if not appreciating above cost but you rent it to cover its maintenance/county tax/insurance costs so that you get more back than you put in
then its an asset

a business is not an asset if it requires your presence each day and doesnt even break even with your involvement/time.
a business is an asset if even after costs of delegating labour to operate it without you, the business profits/self sustainable

when you get assets, never sell the asset principal. just live on, or use the profit/income/interest gain from the asset to grow more asset

those accounting gibberish, no matter how many times I go through it, it was nothing but a filler to the book that provide nothing of values, that is also true for a lot of accounting online classes you could learn from internet, accounting os itself an art of deceiving, anyone who read it and try to master this art become so delusional their brain could bot function normally and they eventually crave self-harm, just look at tim cook and his views of inventory is fundamentally toxic, every damn accountant are behave just the same they crave deflating instead of expanding. in the other word vulture behavior that is all about extracting values, provider hunting, or back stabbing, whichever you liken.

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

I don't think there is a book that contains a complete guide to financial independence. Each author will present his views based on his own studies or personal experience. You have the responsibility of researching more to cover up lapses in a book or to gain more information. It is not all the information that Robert Kiyosaki gave out in that book that I practice because some of them might not suit my condition.

I means there must be a guide or something after you get near to the point of retirement, btw in his book, he just roughly get through it, he describe himself after he sold his business, and he reach where he think is the hardest thing to do in his life, he couldnt get busy in life, and do not know how to proceed, but there is nothing else in the book except he say he have no answer to that part of his life.

The content of the book Rich Dad Poor Dad is mainly the author's personal experience of his two fathers. He might not have sound knowledge about retirement since he has not gotten much information or experience on the topic. I think a retiree would be the best author to write on retirement. Robert Kiyosaki is not a master of all but there there are many books on retirement that could be helpful.    

I could find some missing pieces all over the internet, but due to my limited knowledges also language/grammar barriers, I had a hard time to convey the ideas presented, dont get me wrong there is probably puzzling tweets during the span of 2018 to 2021 that I had totally no ideas how they even quote those tweets, I mean both logically or illogically, I still looking at them now and couldn't get a clue of them, totally no ideas how they could benefit financially from their tweets. richdad poordad did a good job by compilating some of the very difficult knowledge into layman terms, I wonder if there isnt richdad poordad handbook to be read, we would still doing exactly what the rat race doing, and escalating wars that go far beyond!

[Fortify]

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

I dont fancy giving away the thing to charity btw.

I know elon or warren must have their handbook to guide them, but I doubt they would want anyone to know and read their guide book.

cash flow 101, cash flow 202, what about cash flow 303?? cash flow 4040? cash flow 505?

Do you need someone to hold your hand and direct you through everything in life? The book is about teaching you the basics in finance. Anyone who got so far as reading a single finance related book will likely read many of them afterwards in order to get a fuller understanding. You cannot possibly put every financial instrument or strategy into a single book and he never intended to do that. I have a feeling that you will never have to worry about the choice to give your "fortune" away to charity if you are asking these sort of questions. It's pointless trying to describe all the possible scams out there to avoid as well, some things you just have to use common sense and occasionally you will get burned, the best you can hope for is to keep the burn small.

[Broly46]

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

I dont fancy giving away the thing to charity btw.

I know elon or warren must have their handbook to guide them, but I doubt they would want anyone to know and read their guide book.

cash flow 101, cash flow 202, what about cash flow 303?? cash flow 4040? cash flow 505?

Do you need someone to hold your hand and direct you through everything in life? The book is about teaching you the basics in finance. Anyone who got so far as reading a single finance related book will likely read many of them afterwards in order to get a fuller understanding. You cannot possibly put every financial instrument or strategy into a single book and he never intended to do that. I have a feeling that you will never have to worry about the choice to give your "fortune" away to charity if you are asking these sort of questions. It's pointless trying to describe all the possible scams out there to avoid as well, some things you just have to use common sense and occasionally you will get burned, the best you can hope for is to keep the burn small.

your remark is self defeating, tell that to wonan who need a man to catch their falls all their life, taxman who cone to you for bailout, beggars, retiree, religious leader, your president, your mum and dad who wait you to fund their retirement.

[South Park]

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

so what is there to do? there is so many scammers out there what is richhdad poordad guide to proceed at this point? is there a handbook for thing like this?

I dont fancy giving away the thing to charity btw.

I know elon or warren must have their handbook to guide them, but I doubt they would want anyone to know and read their guide book.

cash flow 101, cash flow 202, what about cash flow 303?? cash flow 4040? cash flow 505?

It seems to me you are looking for something the book never intended to do, those books are about helping you reach a point in which your finances are so good you can quit the rat race and do whatever you want with your time from that moment on, however exactly what to do next must be decided by you or you could look for another book dealing with that topic to help you out, at this time no book comes to mind but there should be plenty, as this is a common question that people ask to themselves since they feel lost without their jobs after working for several decades, so if I was you I would look for what you want there.

[franky1]

we all know broly by now(from his many posts)
he still lives with his mother, does a job he hates in a broken truck and has to give all income to family to pay the family bills
he does not have the courage to become independent. he wont even dare spend his income to fix his own truck because he fears his mothers backlash.

i feel he has become full on mothers-boy incel.

i feel he was hoping the book would tell him a direct get rich quick scheme he can do without any cost/effort to himself, hidden from his mother, and then give him life advice on how to live

..
so ultimate advice to broly
next days work you do. keep the cash, fix the truck. ell your mother a reason you cant get home to hand her the money. tell her the truck died
get the truck operating better so you can then earn more income safely. keep the excess income above the bills,
invest that excess income to generate more income. repeat.
once you have enough of your own money to cover your own rent in another place, get another place. become independent
then keep growing your income

[CryptopreneurBrainboss]

Ok, richdad poordad is about getting out of school and get a hold of your finance, get out of rat race and leave the cage, but what else to do after you had made it? I do not like richdad poordad for not having a complete guide, they just stop right at the middle of nowhere, and left the rest to the reader to figure them out...

Let me just say someone taught you how to fish, are you waiting for them to return to also teach you how to store your fish or sell them to the market woman? There are some things you have to learn on your own. Have you read other of his books because he has many and some he wrote with other authors so you can gain more knowledge from those other books on how to protect yourself from the scammers or achieve greeter things with your life. I don't like reading books from the same author, I read form different authors as they have different approach to life.

After reading Robert Kiyosaki books, read that of other authors and you can have a complete guide to financial freedom. Robert Kiyosaki teaching how to achieve financial freedom but he doesn't teach how to avoid debts or get out of them because he just declared bankrupt few weeks ago. There are other authors that are specialist in those areas and you should do your research and read their books to get the knowledge in those areas.

[SatoPrincess]

This is not the first time someone has talked about the book and the ideas of the author. In those threads, I’ve read other members say the author made his money from writing a best seller and not from real estate businesses. I read Rich dad, Poor dad when I was in secondary school, that’s a long time ago. If I remember correctly, the message Robert Kiyosaki was trying to convey was it is better to invest in assets that give you cash flow. Investing in real estate was one of recommended strategies to make money. He also talked using debt to your advantage. The part of the book that really struck me was learning that buying a house isn’t an asset but a liability. OP, if you are not satisfied with the book, there are other financial books you can read.

[franky1]

This is not the first time someone has talked about the book and the ideas of the author. In those threads, I’ve read other members say the author made his money from writing a best seller and not from real estate businesses.

i personally prefered stocks/shares and now bitcoin.. not real estate
mainly because its a buy once and hold. and if you buy low sell high the risks are low and no ongoing costs

real estate though, is not as simple. even if you bought a house in full. locked the door and walked away for 10 years. although it appreciates, there are still ongoing costs during them 10 years
neighbourhoods could have HOA or committee's that require maintaining landscaping, even shovelling snow.
houses naturally deteriorate, such as guttering/roofing.
other maintenance, even needing to upgrade bathrooms/kitchens/outside facade to stay in fashion
then there is risks of damage from weather, rebellious teens, squatters, natural disasters
then there is the municipal/utility costs and local gov taxes or HOA memberships or local parish stuff

and thats just the ongoing costs of a fully paid home thy you just lock the door and dont live in
where by if you have a mortgage, its not just the interest its also the insurance and legal costs

then.. if you do rent it out. its not pure profit. usually you have to be the repair guy to tenants damage/disrepair
usually trying to find the right amount to make returns from rentals to cover all costs and eventualities is in itself a balancing act between break even long term should tenants leave and it tasks months to find new tenant, +maybe using a management company, legal costs. plus recouping unpaid rent if tenants/squatters fail to pay vs a fair market rate to energise tenants desire to rent your property

where as investing in the stock/share/crypto market is so much more straight forward to just buy low sell high

[nelson4lov]

I think the idea behind RichDad, PoorDad not having a concluding part as to what one should do when they're at the top is actually the right way it should have ended. Why do I say that? The goal is to achieve financial freedom and the book accomplishes that in its own way. What happens after that is entirely left to the reader. The reader has to pick up from where the book left up and carve their own path from there. Everyone is certainly going to have different paths. Even not doing anything more other than to just emjoy the earnings, is also a path.

You read the book => gain the knowledge => apply the knowledge => Become financially stable => decide own path.

[franky1]

I think the idea behind RichDad, PoorDad not having a concluding part as to what one should do when they're at the top is actually the right way it should have ended. Why do I say that? The goal is to achieve financial freedom and the book accomplishes that in its own way. What happens after that is entirely left to the reader. The reader has to pick up from where the book left up and carve their own path from there. Everyone is certainly going to have different paths. Even not doing anything more other than to just emjoy the earnings, is also a path.

You read the book => gain the knowledge => apply the knowledge => Become financially stable => decide own path.

the conclusion is simple.
dont sell all assets to then go on spending spree..
instead only use the gains from the asset. to live off.  not the asset itself.
enjoy living off the gains in anyway you please