Comments on: Robert Kiyosaki Writes Something Else I Agree With – Assets Don’t Make You Rich http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/ Helping a unique generation achieve financial independence. Sat, 21 Nov 2009 08:12:37 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Tim Peters http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-120975 Tim Peters Wed, 08 Jul 2009 06:28:46 +0000 http://genxfinance.com/?p=1016#comment-120975 Timing is everything but the main thing is that you have to be "Financially educated" as he said and know the reason why you are investing in something for that particular time period. For e.g. now is not a good time to invest in shares or stocks but it is a good time to invest in precious metals. Of course knowing when to sell them is also very important. One wants to make the maximum of profits for themselves after all, and not lose out. Timing is everything but the main thing is that you have to be “Financially educated” as he said and know the reason why you are investing in something for that particular time period. For e.g. now is not a good time to invest in shares or stocks but it is a good time to invest in precious metals. Of course knowing when to sell them is also very important. One wants to make the maximum of profits for themselves after all, and not lose out.

]]> By: Peter James http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-119756 Peter James Mon, 04 May 2009 09:45:27 +0000 http://genxfinance.com/?p=1016#comment-119756 Some good points made. He wrote another book called retire young, retire rich. He advocates leverage as a great way to make wealth through property. While he does make some cautionary points the average reader would be left with the impression that the way to retire young and rich is to borrow as much as you can and buy property. This strategy is obviously a disaster in the current environment. He has to take some responsibility for the property bust. Leverage is a dangerous thing in the wrong hands, just ask the guys at Lehman and Bear. Some good points made. He wrote another book called retire young, retire rich. He advocates leverage as a great way to make wealth through property. While he does make some cautionary points the average reader would be left with the impression that the way to retire young and rich is to borrow as much as you can and buy property. This strategy is obviously a disaster in the current environment. He has to take some responsibility for the property bust. Leverage is a dangerous thing in the wrong hands, just ask the guys at Lehman and Bear.

]]> By: Dividend Growth Investor http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-101601 Dividend Growth Investor Wed, 14 Jan 2009 17:07:58 +0000 http://genxfinance.com/?p=1016#comment-101601 Couldn't agree more Jeremy. I seriously doubt however whether Kiyosaki has ever made a dime in real estate. I strongly believe that he made his money selling books. Anyways, I still found his ideas to try to purchase income producing asssets ( dividend stocks, rental real estate etc) instrumental for my wealth being :-) Couldn’t agree more Jeremy. I seriously doubt however whether Kiyosaki has ever made a dime in real estate. I strongly believe that he made his money selling books. Anyways, I still found his ideas to try to purchase income producing asssets ( dividend stocks, rental real estate etc) instrumental for my wealth being :-)

]]> By: –› Free Suze Orman Book, Business Tax Software, and More! http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-101582 –› Free Suze Orman Book, Business Tax Software, and More! Wed, 14 Jan 2009 14:30:42 +0000 http://genxfinance.com/?p=1016#comment-101582 [...] Robert Kiyosaki Writes Something Else I Agree With - Assets Don’t Make You Rich [...] [...] Robert Kiyosaki Writes Something Else I Agree With – Assets Don’t Make You Rich [...]

]]> By: stocks http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-101512 stocks Wed, 14 Jan 2009 02:28:40 +0000 http://genxfinance.com/?p=1016#comment-101512 Well, this kind of raises a question. Who do you consider to be an authority in the finanace industry? Warren Buffett? The Gardner brothers? Suze oreman? (heeh) Well, this kind of raises a question. Who do you consider to be an authority in the finanace industry? Warren Buffett? The Gardner brothers? Suze oreman? (heeh)

]]> By: Trevor - 14 Year Old Money Blogger http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-101410 Trevor - 14 Year Old Money Blogger Tue, 13 Jan 2009 13:49:46 +0000 http://genxfinance.com/?p=1016#comment-101410 Assets can make you rich but just don't continue on with the hype. Assets can make you rich but just don’t continue on with the hype.

]]> By: Jeremy http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-101303 Jeremy Tue, 13 Jan 2009 00:09:07 +0000 http://genxfinance.com/?p=1016#comment-101303 "Looking forward to his 80% disclaimer appearing on the RDPR Amazon’s page or on the back cover of the book itself . . . or not." hahaha. Yeah, my advice only applies to a few people, but please, everyone buy my books, buy my game, and attend my seminars! “Looking forward to his 80% disclaimer appearing on the RDPR Amazon’s page or on the back cover of the book itself . . . or not.”

hahaha. Yeah, my advice only applies to a few people, but please, everyone buy my books, buy my game, and attend my seminars!

]]> By: Beyond Paycheck to Paycheck http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-101280 Beyond Paycheck to Paycheck Mon, 12 Jan 2009 21:19:20 +0000 http://genxfinance.com/?p=1016#comment-101280 Great post Jeremy. Illiteracy in any field is a killer. Financial literacy is our respective passion here, but education helps more than anything. Looking forward to his 80% disclaimer appearing on the RDPR Amazon's page or on the back cover of the book itself . . . or not. Great post Jeremy. Illiteracy in any field is a killer. Financial literacy is our respective passion here, but education helps more than anything.

Looking forward to his 80% disclaimer appearing on the RDPR Amazon’s page or on the back cover of the book itself . . . or not.

]]> By: KDB http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-101275 KDB Mon, 12 Jan 2009 19:43:39 +0000 http://genxfinance.com/?p=1016#comment-101275 As a huge proponent of education, financial or otherwise, I couldn't agree more. I think the biggest takeaway from when I read "Rich Dad, Poor Dad" is that most of that stuff is fairly straightforward stuff...we tend to get bogged down in complexities and if there's anything the financial collapse has shown me, is that there are still a lot of very smart people who don't understand the full picture. Here's to taking care of your brain and to Occam's razor. As a huge proponent of education, financial or otherwise, I couldn’t agree more. I think the biggest takeaway from when I read “Rich Dad, Poor Dad” is that most of that stuff is fairly straightforward stuff…we tend to get bogged down in complexities and if there’s anything the financial collapse has shown me, is that there are still a lot of very smart people who don’t understand the full picture. Here’s to taking care of your brain and to Occam’s razor.

]]> By: Webomatica http://genxfinance.com/2009/01/12/robert-kiyosaki-writes-something-else-i-agree-with-assets-dont-make-you-rich/#comment-101254 Webomatica Mon, 12 Jan 2009 17:52:45 +0000 http://genxfinance.com/?p=1016#comment-101254 Yeah - I only read Kiyosaki's first introductory book "rich dad poor dad", and found it one of those "cherry picker" type writings, where there was some good stuff in there but also a lot of fluff. I do agree with you that he does have a good point about assets not always making one rich - I think his term was, an asset can quickly become liability - or at least that's how I remember it. *especially* when one borrows money to acquire said asset. Yeah – I only read Kiyosaki’s first introductory book “rich dad poor dad”, and found it one of those “cherry picker” type writings, where there was some good stuff in there but also a lot of fluff. I do agree with you that he does have a good point about assets not always making one rich – I think his term was, an asset can quickly become liability – or at least that’s how I remember it. *especially* when one borrows money to acquire said asset.

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