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Robert Kiyosaki

Discussion in 'Business & Economics' started by Jason76, May 23, 2016.

  1. Jason76

    Jason76 Active Member

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    The real estate guru Robert Kiyosaki, and mirror image of Donald Trump in a lot of ways, sort of claims people who go get an education and work for a paycheck are usually not seeking thier max potential. He claims people should study how to make money work for them, rather than simply work for money. Is this a wise way of thinking? What might be some criticism of this type of thinking?

    https://en.wikipedia.org/wiki/Robert_Kiyosaki

    Here is a highly critical link:

    http://johntreed.com/blogs/john-t-r...ert-t-kiyosakis-book-rich-dad-poor-dad-part-1
     
    Last edited: May 23, 2016
  2. dogtowner

    dogtowner Moderator Staff Member

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    While it's good advice, it's beyond the grasp of many.
     
  3. Jason76

    Jason76 Active Member

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    True, a lot of people simply don't have the startup capital to play games until they finally win. It's not like they're practicing basketball. We are talking about a lot of cash. However, if you got money to play the game, then his advice is great. Well, not always, his advice on mutual funds is misleading because according to an article I read, if you search for funds with low yearly costs or none at all, then your more likely to profit.
     
  4. dogtowner

    dogtowner Moderator Staff Member

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    Well, things do change.
    Anyone can invest. You start small of course but with due diligence and a little luck you watched up.
     
  5. ThirdTerm

    ThirdTerm Member

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    In the US, roughly half of parental income advantages are passed onto the next generation in the form of higher earnings. This Japanese-American entrepreneur is not especially smart or talented as he dropped out of the University of Hawaii and his inherited wealth mattered most in his business success (i.e. His dad was a millionaire). He also advises us to trade stock based on non-public inside information, which makes me think that he is not a descent guy.

     
  6. Jason76

    Jason76 Active Member

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    Charlie Sheen's character on Wall Street went to prison for insider trading.


    He admits in the book he's a C student. Nonetheless he is good at selling things, planning a business, and writing. I'm wondering though what he majored in. If he had majored in business, perhaps he would have gotten As and Bs.
     
  7. DavidCervid

    DavidCervid New Member

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    Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!


    The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.


    If you want to go somewhere, it is best to find someone who has already been there.

    When people are lame, they love to blame

    • “Life pushes all of us around. Some give up. Others fight. A few learn the lesson and move on. They welcome life pushing them around. To these few people, it means they need and want to learn something. They learn and move on. Most quit, and a few like you fight.”
     
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