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Domain: richdad.com

Stories and comments across the archive that link to richdad.com.

Comments · 9

  1. All of you need to gain a little perspective! by BinarySearchTree · · Score: 1 · on Investing Tips for College Students?

    You all are taking financial advice from people in the same financial boat as you!!!!!!!! Seriously do some research! Read Rich dad poor dad http://www.richdad.com/ Read about the real investors in this world, don't do the same as the middle class and the poor! True investors have enough money they are not afraid of high risk investments, thats why they get richer and richer!

  2. Cashflow 101 by hojo · · Score: 2, Informative · on 2004 Board Games Gift Guide
    For those of you who enjoyed/enjoy Monopoly or other financial-type games, give this one a look: Cashflow. My wife and I have loved playing it. It's expensive, but you can consider it to be an education in a box. It can carry some real-world lessons on finances.


    We got ours through eBay, not the link I provided, and it was cheaper. It was this game that got us started in real investing, not just 401(k) stuff.

  3. Re:This isn't silly by mcrbids · · Score: 1 · on Smart Systems Threaten More Jobs Than Outsourcing
    Broadly speaking, we have a society that is divided into those who 'own' and those who don't. For the majority of society, that is not the owners, life is structured around working to survive.

    When something is done in a new and more efficient way then in a sense, society benefits. However, those who really benefit are 'owning' segment of the population, not the 'workers.'
    But that's just plain wrong. Notice that $0.32 can of soda in your hand? You think that you could have that if it wasn't for severe mechanization of the factory line? What about that car in your driveway which gives you hundreds of miles of phyiscal reach, that annually costs you a mere 15% of your average wages?

    Technology has historically favored the little guy. It was the printing press that brought down the inquisition - when people could cheaply read books written by their knowledgable peers, the old establishment fell.

    That anybody can now publish a website viewable by all for a cost in the dozens of dollars/month is a feat no less remarkable than Gutenberg's retypable printing press.

    Cars enabled the average joe to move vast distances with little cost.

    Telephones allow the average joe to talk to anybody, anywhere. Add cellular technology to that and the entire population becomes a sort of "hive mind" where anybody can contact just about anybody else, at nearly anytime, in real time.

    Many confuse the current increasing disparity between the rich and the middle class as signs that technology is "replacing" the middle class. Instead, what's happening is that work is less and less tied to the value presented by the average joe. Instead, economic power (class) is determined more and more by those who understand leverage of time.

    Read "Rich Dad, Poor Dad" to understand leverage. Production is now a given. Now what?

    I see us rapidly moving away from the economy of scarcity towards an economy of plenty - something where the standard economic rules are in severe need of update.

    From what I've seen, the middle class isn't disappearing - it's splitting into two classes, the "middle class" as classically defined, and a new "upper middle class" that did not really previously exist.

    This new "upper middle class" consists primarily of highly paid knowledge workers - Brain surgeous, IT staff who play their cards well, etc. From what I've seen, this is the fastest growing sector of the US economy, and is largely responsible for the skews towards the rich.

    A final, very interesting statistic: Everybody has their own views on what constitutes the "rich". I'd suggest that the "rich" are those at the 95% mark or better. In otherwords, 95% or more of households are not earning as much as you.

    Know what that mark is? In San Diego County, CA that's just over $165,000 per year.

    Are you rich? Do a bit of googling - you might be surprised at the results!

    CNN or San Diego Union

  4. antimonopoly by RalfM · · Score: 1 · on Boardgame Recommendations For Xmas?

    antimonopoly is what monopoly is really all about, but the focus was lost through marketing.

    You might also look at getting cash flow

    R

  5. One small investment you can make by cecil36 · · Score: 1 · on Best Billing Options for a Contract Position?

    I would recommend going to your local bookstore or favorite online bookstore and purchasing a copy of Robert Kiyosaki's Rich Dad's Guide to Investing. In this book, Kiyosaki talks about how he went about starting up various types of businesses and turned them into cash cows. The rest of the advice posted here about consulting with lawyers and CPAs is also mentioned in the book to help deal with handling taxes. After reading the book, you can visit richdad.com and post to and read the message boards on developing businesses.

  6. Re:The Corporate Republic by Etriaph · · Score: 1 · on Morals and Layoffs
    I'm not in some unknown country either, I'm in Canada. We have Province sponsered Health Care here (which might as well not be with the taxes we pay for it), and ya, the government of either country takes about half in other expenses.

    However, I would like to add that I didn't say Self-Employment, that's worse than employment because you have more responsibility. What one should do is find a smart way to make money and go into the other cash flow quadrants (see Robert Kiyosaki) being Business Owner and Investor. If you really care to know the difference I would buy Robert's book entitled Cash Flow Quadrant. It's a good read for anyone hoping to become a serious investor (which I think everyone should do because the alternative is working for someone or yourself til your 60). Give it some thought.

  7. Perhaps... by Etriaph · · Score: 1 · on Is Technology Making Kids More Intelligent?
    Technology may be making kids more intelligent, but more intelligence is not going to help them. The current state of the school system won't teach them how to live past 30 without debt and worry. It may seem an extremist view, but take a look at RichDad.com, maybe buy Robert Kiyosaki's book, and you'll see that the education system is way the mark it needs to be on.

  8. Re:Cashflow by cecil36 · · Score: 2 · on Can You Suggest Any Non-Zero Sum Games?

    I believe the game costs around $200, but for that amount, you get the game, and a series of audio and video cassettes with information that author and inventor of Cashflow, Robert Kiyosaki, talks about in his books. I see it as a hands-on way of learning Kiyosaki's principles on money.

    If you do go to richdad.com, you will find a link to an online Flash presentation on how Cashflow is played.

    To close, all I have to say is ask yourself this question: "What is this $200 worth to me?" To me, this $200 could mean my own personal LAN or a Beowulf cluster or two.

  9. CashFlow 101 by pageman · · Score: 1 · on Can You Suggest Any Non-Zero Sum Games?

    I first heard about non-zero sum in real life from Robert K. You can get his game that teaches financial education as well has have some fun. You can get the game from his website (they have a kids version too) at:

    http://www.richdad.com/products.html