is reading pic rel worth my time?

is reading pic rel worth my time?

  1. 2 weeks ago
    Anonymous

    >buy assets, don't buy liabilities.
    There, saved you some time.

    • 2 weeks ago
      Anonymous

      Kek came here to post this. Where can I updoot?

    • 2 weeks ago
      Anonymous

      [log in to view media]

      >this
      Also, have your own business, pay yourself first / don't be a wagie paying the tax garden gnome.
      I created my own business and report zero of it.

      • 2 weeks ago
        Anonymous

        [log in to view media]

        I also bet you make less than 40k a year and are represented by this pic.
        I on the other hand proudly payed 208k this year in taxes. You are right about owning your own business though.

        • 2 weeks ago
          Anonymous

          Literally zero of those things. Even the age in title.
          >I on the other hand proudly payed 208k this year in taxes.
          Kek. Hope this whole post is a bait

    • 2 weeks ago
      Anonymous

      Buy cash flow producing assets in particular, and start businesses that bring in cash flow with minimal effort. Stop working for your money and make your money work for you.

      • 2 weeks ago
        Anonymous

        and don't hang out w losers

  2. 2 weeks ago
    knock knock

    Yes - it all boils down to.
    Everything is a buy low sell high ponzi.
    Make sure you have cashflow and save in assets.

  3. 2 weeks ago
    Anonymous

    no but im you poor dad. your trashy strung out dad. so just ignore me, run along to your other dad. i just spent my youth raising you. but yeah go hang with your other dad. i have liquor. i have some fent. i dont care anymore son. i guess i wasn't enough for you.

    • 2 weeks ago
      Anonymous

      Incredibly based. Dad's not giving themselves enough love after raising a kid, this dad gets it. Let some other cuck teach your kid about ((finance)) while you enjoy the pleasantries of life.

  4. 2 weeks ago
    Anonymous

    That is not a man

  5. 2 weeks ago
    Anonymous

    I'm gonna say he's based.

  6. 2 weeks ago
    Anonymous

    [log in to view media]

    >Not investing in tuna, ngmi

    • 2 weeks ago
      Anonymous

      This is such bad advice. I've did the math before the pandemic as prepping and per calorie tunafish costs like 10 times more than peanut butter.

  7. 2 weeks ago
    Anonymous

    everything must CASH FLOW.

    he mentions how he took out loan to equip his apartments with new washer/dryer, but increase rents to more than cover loan, interest, install and upkeep.

    He say buying house is 'liability' which it sorta is in that it costs mortgage, interest AND upkeep, but increase in property value is source of wealth for most homeowners and RE prices seem to beat wages, inflation, etc.

    Plus he doesn't factor in WTF it would cost you to rent similar or even lesser dwellings.

    IMO he leave out several major factors in building a RE empire such as avoiding renting to n-words and other toxic people and getting away with it.

    Good takeaway was that he enrolled in RE course and assignment was to research and evaluate 30 properties in 30 days, one a day, and by end of class he was only student left and he'd figured out exactly which one of the 30 properties to buy. He used his AmEx card for down payment.

    I suggest the audio book.

  8. 2 weeks ago
    Anonymous

    No. Kiyosaki is a fraud and a liar. He's bankrupt now, I think.

    • 2 weeks ago
      Anonymous

      only if you don't count the tuna and beans

    • 2 weeks ago
      Anonymous

      He's a stacker, he has loads of gold stacked away

  9. 2 weeks ago
    Anonymous

    If you're new to finance stuff it definitely shifts your thinking in the right direction, if you've been on here a long time it might not do much for you. Definitely helped me as one of the first finance books I read though

  10. 2 weeks ago
    Anonymous

    As I recall, his advice is what, to make a lot of money by buying real estate in Hawaii in the 80s? Wow, let me get on that right away. Peak boomer.

  11. 2 weeks ago
    Anonymous

    It’s super cringe and he basically tells you how he disowned his real dad for some rich asshole “mentor” aka his childhood friends dad. The lessons are sound but it’s half a plug for some shitty board game he invented in the 90s that teaches kids financial literacy. Although he’s correct on a lot of things, big lesson being rich people know how money works.

    I was surprised to find out my girlfriends dad already had set up an LLC for his side hustles. Her family is wealthy. My dad only thought about coming home, watching tv for 7 hrs, and scratching his nuts. If you’re born to a family of financial imbeciles you’re starting life with a major handicap.

    That’s the whole point of the book. Rich kids just assume everyone’s daddy has rental properties and cash generating assets. Middle class dads watch sports in their free time and don’t wear underwear on the weekends. It’s two different realities.

    • 2 weeks ago
      Anonymous

      >half a plug for some shitty board game he invented in the 90s that teaches kids financial literacy
      I played that back in the day, it's a solid companion to the book. The whole thing is aimed at kids really. Don't read it if you're over 25

  12. 2 weeks ago
    Anonymous

    Yes

  13. 2 weeks ago
    Anonymous

    reading that book isn't going to make you rich, I read it like 20 years ago, still not rich.

    • 2 weeks ago
      Anonymous

      Me too but I got rich

      • 2 weeks ago
        Anonymous

        reading that book isn't going to make you rich, I read it like 20 years ago, still not rich.

        A tale of two dads

  14. 2 weeks ago
    Anonymous

    You can read it in like 3 hours

  15. 2 weeks ago
    Anonymous

    I read this 2 years ago and am still a shut in poor fag neet. Go for it OP!

  16. 2 weeks ago
    Anonymous

    Yes, although its framed in a world were boomers were still young and things like real estate were affordable. The principles are the same but it's outdated

  17. 2 weeks ago
    Anonymous

    Key take away is the rich buy income producing properties and the middle class by assets that are not "investements" properly understood. I actually trust Kiyosaki. Japanese, the good minority.

  18. 2 weeks ago
    Anonymous

    [log in to view media]

    Not really and I'm pretty sure Kiyosaki made some of that shit up.

    "The richest man in Babylon" gives way more sage advice
    >Learn a skill(s) and get really good at it, make sure you either enjoy it or can earn money from it
    >Work to earn money and learn something new or make contacts, don't just work and waste the rest of the day doing nothing unless you actually need the rest
    >save 10% of all the money you earn for a rainy day and also invest 10% of all the money you earn into an actual business or service that people want/need
    >don't gamble or waste money on bullshit, you won't get it back
    >don't forget to give to charity or pray to whatever God it is you believe in, helps keep your spirit up.
    >don't stop grinding

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