Comments on: If I Could Re-Write Rich Dad, Poor Dad http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/ Everything to do with thickening your wallet Wed, 01 Feb 2012 15:44:00 +0000 hourly 1 http://wordpress.org/?v=3.3 By: EG http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-18139 EG Wed, 25 Feb 2009 20:45:29 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-18139 Your post is very informative, but I would have to correct the title of you article. What you have stated is exactly what Rich Dad, Poor Dad is about. It is an educational tool for those who do not have the basic knowledge of assets and liabilities. I have read the book for a finance course during my master's program and also as personal reading material. Robert Kiyosaki is educating people on the basics. You are right, poor people see the flashy cars and huge mansions but they do not understand that to maintain all of that you must have the CASH and not the CREDIT=DEBT. Your post is very informative, but I would have to correct the title of you article. What you have stated is exactly what Rich Dad, Poor Dad is about. It is an educational tool for those who do not have the basic knowledge of assets and liabilities. I have read the book for a finance course during my master’s program and also as personal reading material. Robert Kiyosaki is educating people on the basics. You are right, poor people see the flashy cars and huge mansions but they do not understand that to maintain all of that you must have the CASH and not the CREDIT=DEBT.

]]> By: Tim http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-16954 Tim Fri, 12 Sep 2008 10:52:29 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-16954 This post is real informative. Great content! I have been a firm lover of Rich Dad, Poor Dad. Much of my asset learning came from there but i never knew he was a poor writer! One feedback that might improve your post is the regular breaking of new paragraphs. Some writers have a habit of lumping a lot of content into a paragraph, thus making the whole paragraph tiring to read. Go the double S way! Short and sweet paragraph makes it easier to catch reader's attention and develop a flow till the end. What do you think? Giving a crack at re-writing his book? Lets spend more time writing our own book of inspiration and life story! Double Thumbs Up! This post is real informative. Great content! I have been a firm lover of Rich Dad, Poor Dad. Much of my asset learning came from there but i never knew he was a poor writer!

One feedback that might improve your post is the regular breaking of new paragraphs. Some writers have a habit of lumping a lot of content into a paragraph, thus making the whole paragraph tiring to read.

Go the double S way! Short and sweet paragraph makes it easier to catch reader’s attention and develop a flow till the end.

What do you think?

Giving a crack at re-writing his book? Lets spend more time writing our own book of inspiration and life story!

Double Thumbs Up!

]]> By: rich dad http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-10647 rich dad Mon, 19 May 2008 10:00:47 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-10647 [...] Financial Blogger is an example of the latest bloggers to comment on whether calculating your primahttp://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/The Truth About Rich Dad Poor Dad - What Robert Kiyosaki Does Not ...The first book in the &quotRich [...] [...] Financial Blogger is an example of the latest bloggers to comment on whether calculating your primahttp://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/The Truth About Rich Dad Poor Dad – What Robert Kiyosaki Does Not …The first book in the &quotRich [...]

]]> By: AllAboutTheBen http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-7711 AllAboutTheBen Tue, 04 Mar 2008 14:45:10 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-7711 Very nicely stated rewrite. Oddly, I was just having this conversation with my son this weekend as he made a comment about a flashy car and made a comment about being rich. I pointed to the car and explained how that persons wonders what it takes to be a millionaire as he keeps buying parts for his car. Then I pointed to the large rental property and explained how the owner of that property is a millionaire because he used some of his money to buy that income producing property instead of a flashy car. Very nicely stated rewrite.

Oddly, I was just having this conversation with my son this weekend as he made a comment about a flashy car and made a comment about being rich.

I pointed to the car and explained how that persons wonders what it takes to be a millionaire as he keeps buying parts for his car. Then I pointed to the large rental property and explained how the owner of that property is a millionaire because he used some of his money to buy that income producing property instead of a flashy car.

]]> By: Customers Revenge http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-6628 Customers Revenge Wed, 06 Feb 2008 17:56:23 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-6628 Who cares about the definition of asset and liability? Kiyosaki's error is simply semantics if I'm reading your post right? The message is loud and clear in my mind and I like how it's presented in a "shock the system" format where we redefine reality. I don't think many people, looking at the dictionary or accounting definition of "asset" would call the dictionary wrong. The people reading Rich-Dad-Poor-Dad are reading it to analyse and improve their own financial situation. When they calculate their own net worth for their own purposes, what does an accountant with no involvement care about what they include in which column? Who cares about the definition of asset and liability? Kiyosaki’s error is simply semantics if I’m reading your post right? The message is loud and clear in my mind and I like how it’s presented in a “shock the system” format where we redefine reality.

I don’t think many people, looking at the dictionary or accounting definition of “asset” would call the dictionary wrong. The people reading Rich-Dad-Poor-Dad are reading it to analyse and improve their own financial situation. When they calculate their own net worth for their own purposes, what does an accountant with no involvement care about what they include in which column?

]]> By: The Financial Blogger | January Top Ten http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-6557 The Financial Blogger | January Top Ten Tue, 05 Feb 2008 11:04:08 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-6557 [...] If I Could Re-Write Rich Dad Poor Dad by Thicken my [...] [...] If I Could Re-Write Rich Dad Poor Dad by Thicken my [...]

]]> By: admin http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-5647 admin Tue, 22 Jan 2008 13:13:02 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-5647 I am flattered that someone from Cashflow Technologies, the corporation that controls the Rich Dad, Poor Dad empire, found my little blog. Thanks for the comment. I did do a U.S. Trademark search and the board game was trademarked in 1996- 4 years before the copyright of Rich Dad Poor Dad. I don't disagree with the philosophy. The point of my post is that Rich Dad, Poor Dad is a walking law of unintended consequences in that people have blurred balance sheet and cash flow analysis. I am flattered that someone from Cashflow Technologies, the corporation that controls the Rich Dad, Poor Dad empire, found my little blog. Thanks for the comment.

I did do a U.S. Trademark search and the board game was trademarked in 1996- 4 years before the copyright of Rich Dad Poor Dad.

I don’t disagree with the philosophy. The point of my post is that Rich Dad, Poor Dad is a walking law of unintended consequences in that people have blurred balance sheet and cash flow analysis.

]]> By: Not Yet Rich Dad http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-5637 Not Yet Rich Dad Tue, 22 Jan 2008 08:43:13 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-5637 The original purpose of Rich Dad Poor Dad book was to market the Cashflow board game, so the book should be treated as nothing more than an introduction to the 'Rich Dad' Philosophy. Robert Kiyosaki's story and ideas are expanded upon through other highly recommended books and audios in the <a href="http://www.rich-dad-success.com" title="rich dad" rel="nofollow">Rich Dad</a> series. Essentially, the focus on achieving wealth is in acquiring (or buying) income-generating assets and Robert Kiyosaki gets this point over by distinguishing between assets and liabilities in very "simple" terms. Yes, your own home is an asset but, until you sell it for more than you paid (or borrowed), it should be considered the bank's asset, NOT yours. Personally, I choose to agree with Robert Kiyosaki follow Rich Dad's advice. My home is a liability, albeit a necessary one. The original purpose of Rich Dad Poor Dad book was to market the Cashflow board game, so the book should be treated as nothing more than an introduction to the ‘Rich Dad’ Philosophy. Robert Kiyosaki’s story and ideas are expanded upon through other highly recommended books and audios in the Rich Dad series.

Essentially, the focus on achieving wealth is in acquiring (or buying) income-generating assets and Robert Kiyosaki gets this point over by distinguishing between assets and liabilities in very “simple” terms.

Yes, your own home is an asset but, until you sell it for more than you paid (or borrowed), it should be considered the bank’s asset, NOT yours.

Personally, I choose to agree with Robert Kiyosaki follow Rich Dad’s advice. My home is a liability, albeit a necessary one.

]]> By: admin http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-4972 admin Sat, 12 Jan 2008 19:26:43 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-4972 Thanks for the link. The analysis is very thorough. Having said that, the pieces gets a little too personal at times. Thanks for the link. The analysis is very thorough. Having said that, the pieces gets a little too personal at times.

]]> By: nobleea http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/comment-page-1/#comment-4932 nobleea Fri, 11 Jan 2008 12:34:56 +0000 http://www.thickenmywallet.com/blog/wp/2008/01/08/if-i-could-re-write-rich-dad-poor-dad/#comment-4932 For an excellent rebuttal and investigation in to Kiyosaki and the RD, PD series, read John T Reed's analysis, here: http://www.johntreed.com/Kiyosaki.html The books are full of conflicting information, stretches of the truth, and even false information. For an excellent rebuttal and investigation in to Kiyosaki and the RD, PD series, read John T Reed’s analysis, here:
http://www.johntreed.com/Kiyosaki.html

The books are full of conflicting information, stretches of the truth, and even false information.

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