Rich Dad Poor Dad

j asked:


is it worth it? how do you learn from it? thx

LAWERENCE

mrrosema asked:


Do the teachings of Robert Kiyosaki indicate a much higher regard for money than is good?

CAMERON

PT asked:


I’m giving a copy of this book away for free at Prime Time Money: http://ptmoney.com/2008/01/17/book-give-a-way-win-a-copy-of-rich-dad-poor-dad-or-die-broke/
I’d like to hear your thoughts on his book.

DONG

aka tO asked:


My dad is giving me 50 dollars if i complete this book. He is also offering me an additonal 50 dollars if i answer his question (What is the diffrence between assests and liabilities between the rich dad and the poor dad ) Thank you to whoever helps me out. I have completed this book i just only have one shot at the question and want to make sure i get it rigth

BROOKS

barrage asked:


Anyone pls send me d free download links to the following books:
– Rich dad Poor dad
– Malgudi days
– 80 20 Management
– Fish

Wish u all a happy n healthy new year…Thanku.

LETHA

john k asked:


I am a college freshman(Upenn) and I have been reading this book and other books the author has written. In the books the author talks about having a plan for investing. Well although he says lack of money should not stop you, can anyone give me advice on how i should develope myplan on how to become wealthy? (He talks about using different investment vehicles and if you could give me good examples on some investment vechicles someone my age could use, that will help a lot)

BLAKE

public-opinion08 asked:


There is this book I have been thumbing through called Rich Dad, Poor Dad It’s about what the rich teach their kids that the middle clas does not. Any thoughts on the book?

GENARO

Louise asked:


My boyfriend is taking these classes and i’d like to hear other people’s opinions regarding the courses.

MAX

igotalife2000 asked:


I read the entire book and learned nothing. Has anybody ever tried to figure out who rich dad was? Is anybody taxed by the government at 50%? I’d like to meet them. Does anybody rent or lease from Kiyosaki? I wonder what they tell their neighbors???
Thanks, tool.

Seanchasworth,
Let me tell you a little secret. Social security is made so that you pay no more than you have to. Even though you are unfortunate to be self employed and paying the 17% social security rate - the first dollar you make over $87,900 is no longer taxed for social security. So, even if I do make $350,000 a year I will never go beyond 45% for each ( and every) dollar I make. The more I make over $87,900 the more I save from not paying social security. In the worst case scenario where I’m making at least $350,000 a year - thats 31% + 10% (state and medicare) + your stated 3% (property tax) = 44% minus the huge tax reliefs for my house and IRA (Unless I waste all that money!) minus tax savings from previous tax brackets I went through.

It’s even better when I am employed with a company because my employer pays half my social security. My taxes will never reach 50%, let alone 60%!
Actually, california income tax is 9.3% (not 8%) if you make more than $40,346. I’ll assume you make $40,345 - Take 45% tax and it leaves $22,190 net pay. If all that were spent on twinkies that would be $1775 in sales tax which is 4.3% of your income (not 8% which you figured.) I’m sure you don’t pay that much sales tax because you do have property tax (I assume you pay a mortgage with this)and you are self-employed. And besides - Kiyosakis point was the more money you make the more you pay in taxes which isn’t true. After $87,900 you instantly get a 15% (7.3% for employed folks like me) tax cut.

You chose to pay property tax. It is one of the costs associated with owning a home.
Seanchasworth,

Have you heard of anybody using a property management company? Ask any investor, they’ll tell you a management company takes 10-15% of the rent + operating expenses. A lot of their profit comes from kickbacks that they get like using a certain (expensive) paint for all their properties. Not a good idea, especially for a beginning investor who has no idea how to keep track of housing expenses.
You’re right, the book isn’t super useful, and it’s not a substitute for real experience (or commen sense!)
I found the site. Its
www.johntreed.com/kiyosaki.html

The page itself is a bit lengthy, but that’s because Johns been a real estate investor for 23 years, and hes been at kiyosaki and guru’s like him for more than 7 years.

JERALD

Dr. W asked:


I thought the Rich Dad, Poor Dad! book was a great read, and I am very excited about how to make money make more money in the US.

Any other good books you would recommend in this area of personal finance?

Thank you!

TONI