Rich Dad Poor Dad is the first 'financial' book I had read 6-7 years ago.
I did buy into his investment philosophy for a short while until I decide to search for other book reviews by Kiyo when I chanced upon a website rebutting all Kiyo's property trade claims and time-lines inaccuracy. And fortunately got out of it.
I guess this remind us about proclaimed investment gurus, their exciting and optimistic stories. And dig/cover your ears for sales pitch or guaranteed returns workshops around us.
can anybody summarised what's the videos about?
yes, in short its abt how u can learn what's a bad investment by using just 500 bucks!
(30-12-2011, 02:07 PM)level13 Wrote: [ -> ]yes, in short its abt how u can learn what's a bad investment by using just 500 bucks!
Hehe, I'd rather find out about scams and lousy investments
WITHOUT spending the $500.
Most so called Professionals are just lucky to be there to earn big bucks. Not that they are smart ...this is the real world.
I have followed rich dad for a long time. I think he give great info but the most important things i realize he does is 1. great mindset 2. 100% commissions on his products. He creates a product for the masses to buy and they all flock to it. AND he walks away with 100% commissions on most of his products or he owns and leases the rights to it.
Singapore also has a "trader", who made some $ during a raging bull market, and then wrote books on trading. There is another one who made some $ in a rising property market, and then wrote books on property investment.
One day, their books will earn them more than what their investments did.
(03-01-2012, 12:20 PM)Mr Nobody Wrote: [ -> ]Singapore also has a "trader", who made some $ during a raging bull market, and then wrote books on trading. There is another one who made some $ in a rising property market, and then wrote books on property investment.
One day, their books will earn them more than what their investments did.
Well, it's not surprising. People in general love short cuts and instant ways to get rich.
Try selling them "The slow and steady turtle path to wealth". You'd be lucky to sell more than 5 copies!