Have any of you read the Rich Dad Poor Dad Series?

[DionPhaneufAuthentic]

A few months back my dad started to talk to me about money and what i wanted to do with my life. Being 17 and in grade 12 i said i want to go to university and take engineering and get a job. My dad decided to open my eyes a bit and bought me rich dad poor dad. after reading it, it changed my outlook on money and life in general and while talking to my dad it was great linking the book to his successes in life.

Now after reading 3 of the books, i plan on finishing the series, then go into reading books more detailed into real estate.

My new goal in life is to go into business with my dad and invest in real estate and paper assets which will hopefully generate enough cashflow for us every month to be financially free by the time I'm 35-45.

im wondering if anyone else here has read any of these books and if so how has it has affected your life, and if any of you have read a good book about financial freedom or real estate by a different author you liked.

thanks

 

[TanguayFan]

I haven't read any of the books, but I keep hearing ads on the radios about seminars based on the books. Most of the stuff I've read is that the person who wrote the books is quite a motivational speaker, but the accuracy of some of his claims has been shown to be fraudulent, and apparently the seminars are real scams. That being said, if the books succeed in teaching somebody to sit down and take stock of their lives, and motivate them to better themselves, then hey, who am I to criticize?

 

[DionPhaneufAuthentic]

I haven't read any of the books, but I keep hearing ads on the radios about seminars based on the books. Most of the stuff I've read is that the person who wrote the books is quite a motivational speaker, but the accuracy of some of his claims has been shown to be fraudulent, and apparently the seminars are real scams. That being said, if the books succeed in teaching somebody to sit down and take stock of their lives, and motivate them to better themselves, then hey, who am I to criticize?

if you go on his website or watch interviews, he says himself he doesnt like the way his people run the seminars and doesnt support them... the free seminars dont tell you anything and get you to pay big money to go to the non free seminars... so i agree with you that the seminars are not very friendly but the books are definitly a 100 times better

 

[timber09]

I know that there have been a number of pyramid type schemes that have used his books as a hook for their programs - I myself had a guy on a plane give me the first book and asked that I read it and get in touch with him to make my fortune.

That being said - I think there is value in the book, as there are in many self-help or motivational books, just don't go crazy with thinking that it is all 100% accurate. Setting a goal of being completely financially secure by 35-40 is certainly possible but it is also very difficult and will take a significant effort and extremely intense focus/planning.

Talk to Bruce a bit about the Real Estate end of things - there are obviously swings in values and some major pitfalls to avoid and he may be able to help you down that road a bit as he has lots of experience to draw from.

In my own professional experience - I would say to take all the advice that people are willing to give you and be skeptical of that which the want to sell you. More than likely there is a lot of people that have a lot of experiences right around you and can help you navigate the waters more efficiently.

Good luck to ya!

 

[99goals]

I wish I was your age when I realized the value in real estate etc... my advice is do your homework. Never let anyone sway you one way or the other.. Network a tonne.. and always let others talk, you just listen... you pick up some amazing advice or realize some people are full of it.

I am 35 now and just started investing in mutual funds, real estate etc.. I bot a house a few months ago and now I am starting to move in that direction...

Just stay true your head and heart... and you will do well..

I hope you get what you want in life..

AMeet

 

[newfiecomicguy1]

If you are considering real estate you should talk with our fearless leader Bruce.

 

[torquewrenchcharlie]

Alot of what is being siad about the seminars are true...
That being said The bottom line in all of the authors philosophy is Make Your Money Work For You.
To let it sit idle in the bank is not the way to go
Invest in something that has a return and do it asap.
IE: real estate
there are no tried and true get rich quick schemes or everyone would do it.
Stay your course whene you decide on investment.
Good luck
mick

 

[Dang]

I read the first book, and liked it. He had a few holes in his math, but overall there was some good advice. His ideas on sheltering money from taxes is really the best thing I pulled from the book.