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Rich Dad, Poor Dad

Discussion in 'BlackHat Lounge' started by danielgb123, Aug 25, 2010.

  1. danielgb123

    danielgb123 Regular Member

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    Hey guys,

    I noticed a few of you (Hex was one) mention "Rich Dad, Poor Dad" - from what I've read of reviews this sounds like a great book and I'm looking into purchasing it (along with a few other Robert Kiyosaki's books).

    Anyway, I'm currently in highschool and I can't see myself working for 'the man' - my goal is run my own business, whether that is online or offline or a combination.

    I'm not interested in the whole, finish Year 12 with top grades, got study for another 3-6 years full time and the battle it out in the real world (away from study) for a job.

    What I am hoping is this book will provide some insight and perhaps provide confidence in what I want to do. Don't get me wrong, I'm not a lazy worker nor am I proposing that I don't expect to work hard. I can provide brilliant work and can work extremely hard in topics I am fond of however. ;)

    Other books I plan on checking out:
    - Rich Kid, Smart Kid
    - Cashflow Quadrant
    - Dilbert Series by Scott Adams

    Not entirely sure what I am looking for in a response (oddly enough ;)) - maybe people's personal opinions on it? Did it give you a whole new perspective? Can it be adapted to anything? (IM, offline, etc)

    Thanks guys :)
     
  2. seosutra

    seosutra Regular Member

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    Rich Dad Poor Dad and Cash Flow Quadrant are both very excellent book. Read them both ! Some quotes in the book are killer too !!
     
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  3. kez1000

    kez1000 Supreme Member

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    Good choice.. i read rich dad poor dad around 7 years ago and all i can say is
    that it is a must read for the whole world. Rich dad Poor Dad was the book that
    got me thinking differently in a big way, i bought five properties and rented them out
    because of some of the idea's in that book.

    these are the book that i recomend you read for a total different out look on the world

    1. Rich Dad Poor Dad
    2. Think And Grow Rich
    3. The Richest Man In Babylon

    i wish i was thinking like you when i was in high school...i would would have around 50,000,000 around about now
     
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  4. danielgb123

    danielgb123 Regular Member

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    Thanks for the information and encouragement mate ;)

    I've got a great head for online stuff as well as developing ideas and making money, I get decent grades however I find myself on the computer as soon as I get out from school and although I get homework/study done it isn't close to the quality it could be if I was to put 100% effort into it. I'd put it down to my personal interest and wanting to succeed and make money in the real world, rather than cover topics I doubt I'd use later on in life.

    Theory only gets you so far, planning and action/implementation brings success.

    Anyway, with your second suggestion, is that:
    Think And Grow Rich in property? - If so, I'm currently about 35 pages into that; reading it in English class haha :D

    -------------------------------------------------------

    Update:
    Won an eBay auction for the following books (all in one package)
    - Rich Dad, Poor Dad
    - Cashflow Quadrant
    - Rich Kid, Smart Kid
    - You Can Negotiate Anything
    - How to Win Friends and Influence People
    - The Dilbert Principle
    - The Dilbert Future
    - Dilber The Joy of Work
    - The Tools Of Leadership
    - Win In Business
    - Eat That Frog
    - The Tao Of Coaching
    - How To Win Friends and Influence People
    - Exposed
    - What I Didn't Learn In School But I Wish I Had

    That's 15 of them, 19 are included - got all for $47 AUD including P&H
    BARGAIN :D
     
  5. wallbangers

    wallbangers Junior Member

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    I've read them and they are great reads that really get yourself thinking. You are still in high school and that's great to be looking into this.
     
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  6. thedon23

    thedon23 Elite Member

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    Just graduated high school myself, and I can already see what we think alike.

    Wish you luck bro.
     
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  7. thesaintv12

    thesaintv12 Junior Member

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    You might also want to look up The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It (9780887307287): Michael E. Gerber

    It get you started on the right foot in business and helps you make a plan that will free you from the work.

    Duncan Bannatyne's book 'Anyone can do it' is also worth a look, he tells his story from the forces to prison to a multi millionarie.

    Oh, and reading this stuff at your age is great. you are setting your self up as a winner. I wish I had done that when I was your age. Good luck.
     
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    Last edited: Aug 25, 2010
  8. .david.

    .david. Junior Member

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    Read:

    Rich Dad Poor Dad
    Think and Grow Rich
    The E-Myth Revisited

    How to Win Friends and Influence People is a classic as well.

    Good luck - these are great starting points!
     
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  9. gluco3

    gluco3 Registered Member

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    Excellent books mentioned here. I read them last year and they certainly have great ideas and concepts about them that you don't learn in school.
     
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  10. danielgb123

    danielgb123 Regular Member

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    "Think and Grow Rich" has come up a few times.

    Would that be the original by Napoleon Hill?
    As mentioned, I'm currently reading through "Think and Grow Rich In Property" by Stuart Zadel - he makes quite a few references towards Napoleon's version.

    It discusses stuff like the mind money connection, renovation, cash flow, property development and a few other topics done by people with good experience in the field putting it into practical use.

    I'll also make sure I check out "The E-Myth Revisited", after I'm done with some of the books I purchased :)

    Thanks to all people that posted :)
     
  11. Elliot305

    Elliot305 Jr. VIP Jr. VIP

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    they are great books. some parts could be shorter, but overall, a great read.
     
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  12. MisterGemini

    MisterGemini Senior Member

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    Am I the only one in the world that thought Rich Dad Poor Dad was more sizzle than steak? It's a great book to sell you on the idea of doing real estate.. and sure a nice story to illustrate that the way you think will dictate the extent of your wealth, but this is the same message I got from dozens of others I have read. :) Anyhow, if you read it and it speaks to you, then great.

    You won't get all your answers from these books. These books are good at getting you out of whatever funk you got in your mind from society and your parents about money, success, and other preconceptions you might carry that could hold you back from 'charging the hill' so to speak.

    Read the books, they will help, but what will help more are the things you do. Learn to not listen to everyone. Judge the people who are giving you advice and then receive it in proportion to the success you view their life in. They be broke, their opinions will be too. Opinions are like assholes, everyone has one.

    I got into business right out of high school myself. You are not avoiding education like you think, you are just taking a different way to get it. Others would get a piece of paper saying they are qualified for XYZ jobs. You are getting nothing but hard earned experience that is going to shape and reshape you until you start achieving.

    If you think you are short cutting it, you likely aren't. You will spend the 3-6 years if not longer in the School of Hard Knocks, and the teacher is life, and she can be a real bitch sometimes. It may not even be 3-6 years, it maybe longer depending on where you are starting. This is why so many never make it, they give up before the germination of the experiences of success and failure can sprout.

    As for other books to consider, I have read more than I can remember honestly. There is just one that stands on top of all the others that I actually saw make a real impact in my life. After applying the methods and techniques it taught, my life success went to whole new levels within the year.

    The Power of the Subconscious Mind - by Joseph Murphy

    Others to consider that I don't think were mentioned:


    • Secrets of the Millionaire Mind
    • How I Raised Myself from Failure to Success in Selling
    • The Secret of Success
    • How to be Rich
    • 7 Habits of Highly Effective People
    • Who Moved My Cheese? (if you like Rich Dad Poor Dad, this is another you will like)
    • The Magic of Thinking Big
    • Pretty much anything Anthony Robbins (Unlimited Power, and Awaken the Giant Within were the two first 'success books' I ever read)
    • Pretty much every book by Og Mandino
    • Anything by Napoleon Hill
    • and even though I am not a Christian, the truths in this book are powerful: The Tongue a Creative Force.
    • As a Man Thinketh (I would put this in the #2 spot)

    That's just the ones I can remember off the top of my head that I have read and would recommend reading. Some of these books I read 3-4 times just get out of it as much as I could, and make sure it got into my thought processes. I also read the Secret and a few other modern 'best sellers', but they are just that, best sellers, not best information. The self help industry has become far to efficient in their marketing machine, and delivers less value in their content in my experience. You will get more bang from the real authors that date back to the early 1900s up to the 90s. Stuff coming out these days tends to be really just rewrites of those original works. :)

    Hope some of this helps you out in your journey. I also recommend one more thing. If you have the opportunity to work with someone who can be a mentor to you, do it. This will certainly fast track you. If they are where you want to be, then learn everything you can from them if you have the opportunity.

    Enjoy the journey, it's far more important than what you think the destination will be.

    Mister Gemini
     
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    Last edited: Aug 25, 2010
  13. 195471

    195471 Regular Member

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    Nope. I nearly cringe when I see people raving about that book. Here's a contrarian perspective on Kiyosaki:

    Code:
    http://www.johntreed.com/Kiyosaki.html
    Agreed. Almost everything one needs to know about achieving success and wealth was written ages ago. Here are some authors to check out:

    • Ralph Waldo Emerson
    • Charles F. Haanel
    • James Allen
    • Wallace Wattles
    • Dale Carnegie
    • Robert Collier
    • P.T. Barnum
    • Theron Q. Dumond
    • Estelle Avery Sharpe

    Many of the best health/wealth/success books are in the public domain and can be read online for free. ;)
     
  14. jmagic

    jmagic Jr. VIP Jr. VIP

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    That was the first book I ever read on purpose and not because I had to do a book report. I have been chasing renters around for back rent ever since...Thanks Kiyosaki
     
  15. carsonrathi

    carsonrathi Senior Member

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    Just read and follow one book.

    Actually if you have read "Rich Dad and Poor Dad" and then looking to read other books too then you are not following it.

    RDPD is the book for life alone, it's not the book, these are the guidelines for me. You just need one and you need to work on it.

    If you are reading any other book after RDPD, then you are just reading.

    Thanks.
     
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  16. danielgb123

    danielgb123 Regular Member

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    Thanks for all the advice guys - including both negative and positive reviews of the book plus suggestions for others I will hopefully get around too.

    Cheers :)
     
  17. imlol

    imlol Regular Member

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  18. .Oscar

    .Oscar Regular Member

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    To be honest id stay away from most books like this, remember ask yourself: if they are making so much money with this why would they sell it to you so cheap and dilute it!
     
  19. jerzee

    jerzee Newbie Premium Member

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    Read Rich Dad Poor Dad he is not selling a get rich quick scheme he is selling an idea of how to think properly about money changed my life for the better.
     
  20. danielgb123

    danielgb123 Regular Member

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    What I am about to say is purely based on me not having read the book, but on reviews and what others have said.

    You have a niche that CANNOT be saturated, will make you further income - why wouldn't you sell it? He's not selling a method, nothing overly ground breaking, but a solid compilation of information providing you with inspiration/motivation to which you can take and use to help you think outside the box and provide a better lifestyle - without having to work for 'the man'.

    I'm guessing you haven't read these books and so my question isn't directed at you - I'm not asking about some cheap ebook stating you'll make $100s overnight - this is more than that, it is a model; something that will provide value later on rather than a one off deal.