4 ms·
For anyone who hasn’t already, I would strongly suggest that you read/listen the “Rich Dad, Poor Dad”. It speaks of the “Rat Race”, where once you increase your
by HenryBemis 8y ago
For anyone who hasn’t already, I would strongly suggest that you read/listen the “Rich Dad, Poor Dad”. It speaks of the “Rat Race”, where once you increase your income by a fraction, you almost immediately and subconsciously adjust your needs to absorb that increase.
I think this is one of the books that everyone over the age of 15-17 should read as it gives a crash-course on the fine art of making money.
This book, together with the minimalists’ work influenced me to change my work style and other habits and now I feel more focused, clutter free, and with significantly more €$£¥ in my pocket.
- pnut 8y agoI'm not saying there isn't usable advice in that book, which I have read, but in full disclosure, the book's author, Robert Kiyosaki, fictionalised most of the anecdotes contained within it. Additionally, he operates a real estate "investing" school that advocates and instructs semi-legal, morally questionable predatory practices. It is openly modelled after Trump University, Trump being Kiyosaki's business mentor and aspirational avatar. They have authored at least one book together.
- SuperNinKenDo 8y agoI assume anybody reading that book understands that "Rich Dad" is mostly literary device, probably loosely based on an actual figure(s) and a few key events or experiences. Nobody remembers conversations they had word for word an hour afterward, let alone decades.
- taneq 8y ago> Additionally, he operates a real estate "investing" school that advocates and instructs semi-legal, morally questionable predatory practices. Yeah, it's 90% trivial platitudes about "buy low, sell high" and "invest your money wisely", and then a few pages about how he actually made his money (if that part is true, anyway): Haunt foreclosure auctions to flip the houses. Skeezy.
- yjftsjthsd-h 8y agoSo he says to buy low and sell high, and he made his money by buying real estate cheap and then selling it higher? I have absolutely no background on the guy, but that doesn't sound "skeezy" or even inconsistent; what am I missing?
- JamesBarney 8y agoNo he made his money selling books explaining to people how to become rich. To my knowledge he wasn't wealthy before his book.
- AnimalMuppet 8y agoWhy is that skeezy? If the house is at a foreclosure auction, it's being sold whether he buys it or not. If he buys it, he's paying more than anyone else was willing to.
- SuperNinKenDo 8y agoIt's definitely an insight that has given me a lot of insight into the ways people make themselves suffer around me.
- dwater 8y agoI have read this book and I would recommend as an alternative "The Richest Man In Babylon." It is more clearly a book of parables about building wealth and less about the route one person took to financial success.
- niyikiza 8y agoAny good books or articles on minimalism you'd recommend?