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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (59353)	4/24/2006 4:19:34 PM
From: shades	Read Replies (1) \| Respond to of 110194

I didn't want to make any more income than I needed to live on. I remember MOOMINOID posting to me about this hawaiian guy Kiyosaki (he is not liked in hawaiian business circles from what I understand) - rich dad poor dad guy - I heard him say his rich dad had stocks and assets where taxes were low and lots of tricks could be found to keep most of your wealth - and that his poor dad - his real dad was a wage earner where taxes were high and never got ahead. Moo said he made money selling packages: siliconinvestor.com intellibiz.com Robert Kiyosaki: look closely at his copyright page ("Rich Kid, Poor Kid") and you will discover his books are fictionalized. Searches of records in areas where he claims to own a lot of real estate show only two properties in the Phoenix area. He also claims to hold substantial interests in numerous companies, but there do not appear to be any records to substantiate this. His book, "Rich Dad, Poor Dad", though inspirational and great for getting people fired up, is full of misinformation, contradictions and even illegal suggestions. His "Poor Dad" (Ralph Kiyosaki) was not poor, and his "Rich Dad" appears to be a work of fiction. By all means, read his books if you need to get pumped for success. But don't try following too many of his ideas or you could land in trouble with the IRS or Justice Department. Message 21478002 The reality of KIYOSAKI seems to be that he lost lots of money until he hit on the idea of financial education: hawaiibusiness.cc Message 21764037 Work Hard, Earn Less? by Robert KIYOSAKI Monday, October 3, 2005 American workers have been getting the short end of the stick since 1943. Message 21880709 This is advice for people who like to live on the edge. Mr. KIYOSAKI counters that the risk of failing is a motivation to make more money. The bottom line is: save your money by not buying these books. At about $25 a book, buying one every year probably will not decimate your retirement fund. But if you don't, you'll have at least $2,370 more in 40 years. Message 22269828 A dozen people over the past year have asked me what I thought about this book. I started reading it about six months ago. It’s been drudgery. KIYOSAKI’s book proves to me (once again) that Americans are so financially illiterate that someone can still sell s*** on a stick. My biggest problem with this book (and his book “Rich Dad’s Prophecy”, which I read in 2002) is that it’s filled with promises and platitudes but lacks substance. I hate it when someone says, “Learn to manage risk” but never tells you how to do it. I guess the trick to being a best selling get-rich author is to simply tell people that they can obtain riches with no effort. siliconinvestor.com I like how he says he doesn't know when the bubble will burst and also says the party is over. I guess that covers all possible scenarios. "How long will the bubble last and keep expanding? I do not know. But in my opinion, this party is over so see you at the next party." With the help of the insights like his, this thread and several others on SI I was able to convince my close friend to get out of the California real estate bubble in 2002 before its collapse. Had she waited until now it would have meant an easy 1 or 2 million dollars maybe more. At the time the house was $1.4 million. In my opinion the only real discussion about it should be regarding timing. We already know we are in a currency bubble, housing bubble and insanity bubble. Message 21617704 KIYOSAKI figure it out too, make more money telling half truths and fantasy and misdirection selling stuff to sheeple and giving them a fantasy then really going out into the world and doing something really productive. Like father fox say in wall street - bud go out and create something, all this making money on the buying and selling of others - its no good son - hehe.