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My all time favorite is Robert T. Kiyosaki's book "Poor dad, rich dad". Pretty much everything he teaches about financial success is fiction. In reality he work

My all time favorite is Robert T. Kiyosaki's book "Poor dad, rich dad". Pretty much everything he teaches about financial success is fiction. In reality he worked a regular 9 to 5 job, failed at starting his own business, and finally made money by selling this book and providing seminars.

rchaud 4y ago
Just looked at his Twitter. Seems like he's gone off the deep end and is now grifting like Alex Jones. Posts about Fauci, woke liberals, FBI + KGB working in cahoots....pathetic, really.
- ipaddr 4y ago
  Pathetic to have different political opinions? Is that where some of us has landed. Anyone speaking against my own views are pathetic worthless and worthy of scorn? Then you wonder why society has divided into culture wars and why so much hate exists in the world.
  - samtho 4y ago
    It’s one thing to have viewpoints, there are a lot of traditionally conservative ideals that have value, but, like many things, become a nightmare scenario when taken to the extreme. I think the “pathetic” comment is aimed at the fact that if you’re running with the Alex Jones camp, you’re not really on planet earth anymore.
  - bencorman 4y ago
    Watching an unwell person publicly spiral into paranoia and conspiracy-obsession and then calling that a "different political opinion" is a pretty bizarre take.
    - jacquesm 4y ago
      Possibly not when you share those opinions and are into conspiracy and paranoia yourself. Plenty of people like that, unfortunately.
    - jokethrowaway 4y ago
      Not familiar with this author and which particularly views he shared - but between COVID passport, COVID being human made, Fauci funding COVID and the FBI paying to hide Hunter Biden's laptop, conspiracy theories are being more accurate than mainstream news.
  - rchaud 4y ago
    You are welcome take a look for yourself and ponder whether you'd take business advice from him.
- r00fus 4y ago
  He was always a Trump-like persona whose audience tended towards the same demographic.
- Slava_Propanei 4y ago
  [dead]
moooo99 4y ago
I fell into this whole startup hustle bubble a while ago, obviously I also read the book "Rich dad, poor dad". At least I tried, it was bad. Not only was it unrealistic, it also dismissed a whole lot of external factors at play at accumulating such wealth and didn't feel realistic at all. I did not know that he worked regular 9 to 5 and only generated his wealth by providing advice how to build wealth, but its not really surprising and fits the picture fairly well.
- jacquesm 4y ago
  It made you poorer and him richer though, so from his perspective it's a good book.
  - bluecrab 4y ago
    [dead]
  - slawr1805 4y ago
    This genuinely made me LOL
marcossponton 4y ago
Basically, how VCs works too. And that's why we have to take their feedback carefully.
- axadoffgg 4y ago
  [flagged]
- jacquesm 4y ago
  Yes, definitely. Invariably they're looking out for #1 first.
JakeAl 4y ago
The takeaway I got from him was positive. First, start buying real estate and renting. THEN, with that financial security try to build a business of your own if you are motivated. The first part is hard to fail at, and you can do it while working a full time job.
- KETpXDDzR 4y ago
  He also mentioned that property is a liability, not an investment. I guess many property management companies would disagree.
- deleted 4y ago
  [deleted]
- theteapot 4y ago
  > THEN, with that financial security .. Nah, you'll just mooch off your stable unearned, unproductive income source for the rest of your life. It's called rent seeking -- https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking and it's the absolute core of the disease that is modern capitalism.
bennysonething 4y ago
You are completely correct. I hate this stuff that's peddled on YouTube, it's pretty simple, ask yourself what do they get out of telling you this if they are making so much money doing it. They are making money selling you courses. What made me more susceptible I think is that my father made his money grinding up, buying a few flats , moving into full on property development. I paid no attention to his business until it was too late for me to learn from him (he died). Sure I worked on his building sites as a teenager, grafted cleaning out flats after tenants moved out (this is while my mates enjoyed their school holidays). He did pretty well and I grew up in a pretty affluent way. The stress was awful for him. I believe it fucked him up a bit. I have a few bad memories of him being a bit horrible. I forgive him that now looking back at the pressure he was under. After his death I was desperate to emulate him. I began to think working for a salary was a mugs game. I paid for some bullshit property courses. Never went all in on anything thank god. Anyway, eight years later I've accepted what I am, I'm in a job I actually like. I'll plough my furrow doing software and getting better at it. It's modest, but it's more certain. And uncertainty is the root of stress for me. One bit of advice he gave me when I was complaining about working and having a manager etc "son, the bank manager is my boss, he can call in my loans any time" I can see now that this is a great antidote to the bullshit financial freedom advice on YouTube
- oska 4y ago
  I appreciated your comment. However with respect to what your Dad told you : > "son, the bank manager is my boss, he can call in my loans any time" that would have been true for him (being in property development). But there are people who build successful businesses or just work for themselves who never go into substantial debt and thus are free of any such 'creditor boss'.
  - bennysonething 4y ago
    True. Though anyone I know who is owns a business uses debt to grow it. But you make a fair point.

rchaud 4y ago

Just looked at his Twitter. Seems like he's gone off the deep end and is now grifting like Alex Jones. Posts about Fauci, woke liberals, FBI + KGB working in cahoots....pathetic, really.

ipaddr 4y ago
Pathetic to have different political opinions? Is that where some of us has landed. Anyone speaking against my own views are pathetic worthless and worthy of scorn? Then you wonder why society has divided into culture wars and why so much hate exists in the world.
- samtho 4y ago
  It’s one thing to have viewpoints, there are a lot of traditionally conservative ideals that have value, but, like many things, become a nightmare scenario when taken to the extreme. I think the “pathetic” comment is aimed at the fact that if you’re running with the Alex Jones camp, you’re not really on planet earth anymore.
- bencorman 4y ago
  Watching an unwell person publicly spiral into paranoia and conspiracy-obsession and then calling that a "different political opinion" is a pretty bizarre take.
  - jacquesm 4y ago
    Possibly not when you share those opinions and are into conspiracy and paranoia yourself. Plenty of people like that, unfortunately.
  - jokethrowaway 4y ago
    Not familiar with this author and which particularly views he shared - but between COVID passport, COVID being human made, Fauci funding COVID and the FBI paying to hide Hunter Biden's laptop, conspiracy theories are being more accurate than mainstream news.
- rchaud 4y ago
  You are welcome take a look for yourself and ponder whether you'd take business advice from him.
r00fus 4y ago
He was always a Trump-like persona whose audience tended towards the same demographic.
Slava_Propanei 4y ago
[dead]

moooo99 4y ago

I fell into this whole startup hustle bubble a while ago, obviously I also read the book "Rich dad, poor dad". At least I tried, it was bad. Not only was it unrealistic, it also dismissed a whole lot of external factors at play at accumulating such wealth and didn't feel realistic at all. I did not know that he worked regular 9 to 5 and only generated his wealth by providing advice how to build wealth, but its not really surprising and fits the picture fairly well.

jacquesm 4y ago
It made you poorer and him richer though, so from his perspective it's a good book.
- bluecrab 4y ago
  [dead]
- slawr1805 4y ago
  This genuinely made me LOL

marcossponton 4y ago

Basically, how VCs works too. And that's why we have to take their feedback carefully.

axadoffgg 4y ago
[flagged]
jacquesm 4y ago
Yes, definitely. Invariably they're looking out for #1 first.

JakeAl 4y ago

The takeaway I got from him was positive. First, start buying real estate and renting. THEN, with that financial security try to build a business of your own if you are motivated. The first part is hard to fail at, and you can do it while working a full time job.

KETpXDDzR 4y ago
He also mentioned that property is a liability, not an investment. I guess many property management companies would disagree.
deleted 4y ago
[deleted]
theteapot 4y ago
> THEN, with that financial security .. Nah, you'll just mooch off your stable unearned, unproductive income source for the rest of your life. It's called rent seeking -- https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking and it's the absolute core of the disease that is modern capitalism.

bennysonething 4y ago

You are completely correct. I hate this stuff that's peddled on YouTube, it's pretty simple, ask yourself what do they get out of telling you this if they are making so much money doing it. They are making money selling you courses. What made me more susceptible I think is that my father made his money grinding up, buying a few flats , moving into full on property development. I paid no attention to his business until it was too late for me to learn from him (he died). Sure I worked on his building sites as a teenager, grafted cleaning out flats after tenants moved out (this is while my mates enjoyed their school holidays). He did pretty well and I grew up in a pretty affluent way. The stress was awful for him. I believe it fucked him up a bit. I have a few bad memories of him being a bit horrible. I forgive him that now looking back at the pressure he was under. After his death I was desperate to emulate him. I began to think working for a salary was a mugs game. I paid for some bullshit property courses. Never went all in on anything thank god. Anyway, eight years later I've accepted what I am, I'm in a job I actually like. I'll plough my furrow doing software and getting better at it. It's modest, but it's more certain. And uncertainty is the root of stress for me. One bit of advice he gave me when I was complaining about working and having a manager etc "son, the bank manager is my boss, he can call in my loans any time" I can see now that this is a great antidote to the bullshit financial freedom advice on YouTube

oska 4y ago
I appreciated your comment. However with respect to what your Dad told you : > "son, the bank manager is my boss, he can call in my loans any time" that would have been true for him (being in property development). But there are people who build successful businesses or just work for themselves who never go into substantial debt and thus are free of any such 'creditor boss'.
- bennysonething 4y ago
  True. Though anyone I know who is owns a business uses debt to grow it. But you make a fair point.