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Author Topic: richdad poordad has no more guide after achieving freedom  (Read 722 times)
doomloop
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January 23, 2024, 08:28:22 PM
 #41

That book was a hit. It must have offered something to a lot of people, but if you ponder on the author's life, you would wonder whether he used that book as a guide in real life or he was simply a failure. Having said this, I don't think financially successful people are living their lives according to a handbook or some written guide. I doubt Elon and Jeff and Warren are doing things according to cash flow 101 by this person and cash flow 202 by that person.

It's actually weird to hear somebody looking for a guide like this. Surely, you must know what freedom is for you.
I think he can't be able to write all of it if he don't experience at least some of it. And with all of that, there might be some or most of it who is only like a story tell, same to other books. Only to fill the gap or make the book more chunkier. You know, so that it will look better physically or outside, and its price will increase a little.

If his books are best sellers, then I won't say he is a failure, rather he is successful. But he might still fail on other aspects of his life, like for example in his love life. As I think this is something that money can't always buy. In terms of freedom, maybe it's true that each of us has their own definition of it. For example, for Satoshi, it was when he created a Bitcoin.

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January 23, 2024, 09:37:07 PM
 #42

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?
Doesnt matter on what are those books that they are selling on, i might really be reading up some of those but for inspirational and other possible business ideas but it would really be just that snipped out.
I wont really be going through detail to detail on which we know that it cant really be just that possible that those things been said would really be something that could happen into you in sure
manner. This is why it would really be that best that you should really be making yourself that having those own insights and application into those things that you have learnt
not only just on reading up those books but also into those real experiences that you do have in life.

If that Robert Kiyosaki cut off that book, then there's nothing we can do. He had already attained his success and if you are that one who had
been left on cliff hanger then there's nothing we can do about that.  Cheesy

R


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January 24, 2024, 11:03:32 AM
 #43

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...

What's your definition of complete?, you want everything on the platter of gold and have no wisdom from your own experience. The old guy has guided you a long way from his personal experience and intuition, what more do you need rather than to show you the way and you continue your race with all knowledge gained and continue making mistakes, learning and unlearning along the way until you complete your race

Quote
I do not like richdad poordad for not having a complete guide,
Every information you see is complete as at the time of  releasing the information, reason being that it solved a need and met the purpose. There are bound to be newer discoveries and needs that invalidate old ideas and render  some incomplete. Its so normal and perhaps you can continue from where he stopped, or do you think you're not capable?. If he can, then why can't you?.

If you look carefully and not continue with this pessimism, you'll see other good books that hold the information you seek. You just need to research more.

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January 24, 2024, 11:54:47 AM
 #44

That book was a hit. It must have offered something to a lot of people, but if you ponder on the author's life, you would wonder whether he used that book as a guide in real life or he was simply a failure. Having said this, I don't think financially successful people are living their lives according to a handbook or some written guide. I doubt Elon and Jeff and Warren are doing things according to cash flow 101 by this person and cash flow 202 by that person.

It's actually weird to hear somebody looking for a guide like this. Surely, you must know what freedom is for you.
I think he can't be able to write all of it if he don't experience at least some of it. And with all of that, there might be some or most of it who is only like a story tell, same to other books. Only to fill the gap or make the book more chunkier. You know, so that it will look better physically or outside, and its price will increase a little.

If his books are best sellers, then I won't say he is a failure, rather he is successful. But he might still fail on other aspects of his life, like for example in his love life. As I think this is something that money can't always buy. In terms of freedom, maybe it's true that each of us has their own definition of it. For example, for Satoshi, it was when he created a Bitcoin.
Also he wont really be making out those kind continual of those books on which you have said that he might not be able still to experience those things and this might be cut-off.
Thing here and just like on what others been saying that the most important thing is that you wont really be just simply fully relying into these life stories but its not bad for you to be
at least having that kind of inspiration when it comes to financial advises and other stuffs which it would really be helpful on getting some idea at least and would really be that contributive
into your further dealings and engagement on which we know that it would differ into each person.

There are ones who do love on following up some guides and there are ones who doesnt like. This is why it would really be that best that you should
really be aware into those actions and be able to see on whats wrong and whats good  on which its impossible that you cant really be able
to determine in between two.

R


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January 24, 2024, 01:48:21 PM
 #45

You've finished the "Rich Dad Poor Dad" guidebook and feel lost? Understandable. Personal finance isn't a one-size-fits-all guide. It's your trip. Life doesn't have a manual, yet you want one. About creating your own path. You ask, what follows? Look past Kiyosaki. Explore economics, relationships, and money. Think Warren Buffett or Elon Musk—they have ideals, not guidebooks. Observe, learn, adjust

Scammers are around. That’s where your newfound knowledge steps in. Know, be alert. Now, let’s talk Bitcoin. It embodies the essence of financial freedom, the very thing "Rich Dad Poor Dad" ignited in you. Embrace it, understand it. The drive toward decentralization goes beyond digital currencies. Cash flow 101, 202 are steps. Your next steps? Cash flow 303 and beyond: investment mastery, diversification, and cryptocurrency exploration. The takeaway is constant learning and improvement. Continue moving and learning

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January 24, 2024, 02:11:43 PM
 #46

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.

Why can't rich dad and poor dad be considered guidelines for you? because if we just broaden our understanding of Robert Kiyosaki's book, you will see the true meaning of the books he made.

What kind of guidelines would you like to see in what Robert Kiyosaki did? Maybe what you don't see that should be in the books is that you don't know that the point of rich dad is really poor dad. Did you get my point?



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January 24, 2024, 11:29:06 PM
 #47

The topic is so confusing, you don't like the book of rich dad, poor dad and that's what I think this is all about. And the effect of reading the book makes someone want to get into the financial management and be better with that. But it doesn't mean that someone has to quit schools and just focused on what he has learned on it. We've got different paths of life and if we think that we can apply wholly the learnings that we've got from that book then it's fine but you have to continue your studies or hustles or whatever you're so good at .


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January 25, 2024, 06:40:59 AM
 #48

I must say that this book did not leave an impression on me, and I could not imagine any specific method. And now when I look back at the actions of myself or everyone else, I realize that we are special and if everyone did it, balance would be difficult to exist knowledge, science, economics, politics,... create the difference between success and failure. And they do not exist in any general formula, there are authors who have stated their thoughts and they have done it but of course it will not always be applied effectively.

Therefore, I should review this issue quite broadly because I can feel that I have found a lot of personal opinions, and as I have learned and practiced, do not believe in any one thing, but instead selftest attests to its authenticity.









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January 25, 2024, 10:14:31 AM
 #49

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?
This question is mainly about the fact that what you could do after you already get rich, and that is not really a question you should worry about. After getting rich enough, and I mean like seriously rich, you could put your money into savings accounts and you could still live a comfortable life. In this logic, rich dad got richer by buying assets, so just keep those assets and keep making money.

One example was getting to 20k dollars level. Because after you get to 20k level, you could buy a 100k house, and pay the mortgage that way, rent it out, and you have an income, and if you could end up with paying half of your mortgage, you are opened to having another mortgage like that, so get another 20k, and get another 100k house, you have 120k debt, but you have nearly 3k dollars income, maybe more, and you could show that as a loss, because you have debt, so you pay a lot less tax, less than even before you had the houses, because you are in debt.

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January 25, 2024, 11:38:25 AM
 #50

i never liked foreign books like this because they seem unrealistic to me. but i learned from it to invest in things that appreciates and not to those that depreciates. It's all about applying that idea in your own way, considering what works in your local scene.

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January 25, 2024, 12:13:29 PM
Last edit: January 25, 2024, 12:46:26 PM by mrust_mobile
 #51

That book is just the tip of the iceberg. If you think you figured out everything after reading that book you are very mistaken. It will give you the basic idea of saving money by purchasing assets (not saving FIAT or buying bonds) and building up passive income from those assets. Managing those assets takes a different kind of expertise. There are other books too you should probably take a look at those also. When you read a few of those books, you will quickly realize some of those were scams just to waste your time&money. After you get scammed for a few times, then you will quickly differentiate the scam books from the real deal. Then you will exactly know what you should be doing or reading.

Tldr; keep reading more books.

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January 25, 2024, 12:29:03 PM
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 #52

i never liked foreign books like this because they seem unrealistic to me. but i learned from it to invest in things that appreciates and not to those that depreciates. It's all about applying that idea in your own way, considering what works in your local scene.

Considering what works in our respective local environments is an important point that is quite useful in addition to learning to invest in assets that are already important in life. Because the benefits of utilizing what works from the environment around us can also be brought into future investments so that every opportunity will never be wasted and simply ignored. I also often take advantage of anything that can be an opportunity to earn daily income in life through the environment around me because it really helps me in terms of increasing my income in life.

So I think most people at this time have also implemented that because the moments in that environment will not always be the same so every opportunity must really be taken advantage of before other people get ahead of it. Moreover, in terms of the economy and increasing income, there is always competition that arises, so many people must be very aware of this in order to move more quickly so as not to be left behind by their own competitors.

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January 25, 2024, 09:44:59 PM
 #53

i dont brother what is inside the book, but I want to know what is next after the books, no matter how many books he wrote they are all circulating around the same set of knowledges/insights/thought, the first book is totally identical to the last book, there is barely any context added, if at all, why should people waste too much time to read twice the same textbook? I know some would crave the new book, because it give a brand new experience, new gadget new ux new ui new look new everything, impressive enough to attract new buyer.

New experiences that's your answer there, the new book give a new insight and a brand new understanding of what he was trying to teach in the old books. He has his targeted audience and that's why he's releasing his book in batches. For some people they have to read multiple of his books for them to understand what he was teaching while others have to read just one to get his philosophy. Some publishers spread their writing around different angles of financial education while others focus on just one aspects. You might hate or like him but your can't deny the fact that he has helped alot of people gained financial education that the schools can't teach.

I enjoyed reading his books when I was younger and always look forward to new ones, there mightn't be new things but I understood better what he's was teaching in the previous book. One think I know he explained better was want liability or assets are. He mightn't have more guides after achieving financial freedom but I know when I'll achieved that myself I won't need someone to tell me what next as I would have have already known what next to do to protect my wealth and be able to pass it onto my next generation.

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January 27, 2024, 05:23:53 AM
 #54

Considering what works in our respective local environments is an important point that is quite useful in addition to learning to invest in assets that are already important in life. Because the benefits of utilizing what works from the environment around us can also be brought into future investments so that every opportunity will never be wasted and simply ignored. I also often take advantage of anything that can be an opportunity to earn daily income in life through the environment around me because it really helps me in terms of increasing my income in life.

So I think most people at this time have also implemented that because the moments in that environment will not always be the same so every opportunity must really be taken advantage of before other people get ahead of it. Moreover, in terms of the economy and increasing income, there is always competition that arises, so many people must be very aware of this in order to move more quickly so as not to be left behind by their own competitors.
It is definitely a difficult thing to take advantage of every chance when you have no money at all. So in that position, you put your hours to work, you are putting them up for sale. Your time will never get back, so when you work to earn income, you are selling that hour, not renting it, it is not even you that they are hiring, it is your hours in most cases.

Finding a job like that, finding income like that, is not that easy, because unless you are super talented, your hours may not worth a lot. You can be Hollywood superstar, and then your hours could worth a lot, but if you are like me, your hours may not worth much. So the best way to make money is always with money, if your money can make money, then it will always be worth a lot more than bare minimum wage income. Just try to have good investments, and they will earn for you.

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January 27, 2024, 06:28:17 AM
 #55

They're not the rules anyway so either you read it or not, the best thing to do is to just read a book, absorb the information, assess what you've absorbed, sift through what you think is right and what you think is wrong and then formulate your own or improve your own philosophy, that's what anyone should be doing when it comes to reading, you're not supposed to worship or follow anything blindly and always base your way of living on what you want to learn and read. That's why Rich Dad, Poor Dad works in some cases, it doesn't force you to learn by heart, it tells you stories to arrive at your own conclusion. When it comes to achieving freedom though, I don't think that's the right book to read or maybe even, the way to achieve true freedom hasn't been written yet.



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Broly46 (OP)
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January 29, 2024, 03:01:18 AM
 #56

I think people who end up free from the cage and rat race need to start doing the opposite of what they did in the cage by focusing more on solving problems they are talented in and enjoy solving. The rat race is more about chasing after money and less about passion/talent. It's basically a race to do what you don't really like with attractive rewards. The rats love the reward/money alot. So it's used to bait them into a matrix trap, once caught, they are used as slaves to work for the system.

Once free, it's important to do the work you love and have talent for, then use that to benefit society.
With that kind of freedom, you nolonger need to do any kind of work for money. But I doubt people can really be free from the rat race without the CREATOR of the Universe by their side. The system of slavery will work against them, to starve, suffer or have them completely destroyed.

People love to be getting pushing around, it is just human nature after all. People would only start panicking when their life is threatened by greater force. Much like when you point a gun on their head they would only begin to fear and greed, or most of the time they choose to be as lazy as possible.

Self hating nerd that want to escape from reality into the cyberpunk.
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January 29, 2024, 03:54:51 AM
 #57


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.
I have always met with my dad reading this book at my childhood but never bordered about reading through the contents. All I feel is just that it is an article that guides an individual to decide if you want to stay poor or become rich. I also tensed to believe that it was a virtuous means of contacts between the riches.
Then @adaseb, you literarily convinced me to accept that those of his articles are basically descriptive thoughts that has either not been experimented or a creative initiator ship utterances which practically illicits about financial utilities with the insightments of building pools of financial flows even While at rest. Bravo.

Could he had been caught on the tweets as refer to be living on the phases of hallucinations?
I would look forth reading this book.

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January 29, 2024, 04:15:43 AM
 #58

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?

I see the appeal of a complete guide, but it could limit our independent thinking and adaptability. Each of us faces different circumstances, and a one-size-fits-all approach simply wouldn't work. Let's view this guide as a valuable resource for inspiration, not a rigid set of rules.
Even if we still lose after finishing that book, we could keep learning. By reading more books and combining the insights with our own experience, we could create a personalized guide that truly helps us .  Grin

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January 29, 2024, 06:04:11 AM
Merited by The Sceptical Chymist (4)
 #59

You're barking at the wrong tree bud.

The main intent of the book is not to babysit you all throughout your financial journey to protect you against every single financial threat on the planet. It's meant to propel you into creating an achievable plan for your financial success. It's evident from the polarizing rich dad and poor dad dynamics, letting you know of how the regular guy thinks and how someone from an affluent background may think in certain situations where you're given the relatable poor dad where some of your habits may resonate with, and the proper behavior which you can get from the rich dad. It's not meant to teach you what to do when your crypto wallet gets hacked or whatever the fuck you're trying to insinuate right here. All it wants you to know is that regardless if you come from a rich or a poor background, the first step to getting rich is not having a lot of money, but having the proper mindset and discipline to get there.

We done now? You good? You still thinking Robert Kiyosaki should've taught you how to peel your eggs or whatnot? Nope? Okay. Let's move on.

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January 29, 2024, 02:44:24 PM
 #60

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.

I read the book and it really helped me and a lot of people to change their perspective to life and understand about the secrets of financial freedom, how not to live the rest of our lives slaving for others, instead we should learn to let our money work for us, I still recommend the book as an eye opener for anyone that wants to work towards having an investment like Bitcoin that'll work for them. I think that the author concluded the book well, he gave the readers guides to achieving financial freedom and left it at that, so the readers will have to conclude how their own stories ends. I never followed him on social media, but even if he doesn't bring something as impactful as "rich dad poor dad", he'll still be remembered as a great author and a motivational speaker.

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