has anybody read rich dad poor dad the retire young and rich one?
Posted on Aug 30, 2008 under Retire Rich |did it inspire you? what is your thoughts on it? what is the best lesson you took from that book?
I learned a LOT!
1) If you work for a salary, you pay a lot of tax before your expenses are paid. If you have a business, don't pay much tax because your expenses are deducted from your tax!
2) The Cash-flow quadrant is a great model for understanding how people make money. You will finally understand why some people get rich and others don't.
3) It's a great introduction to the world of finances - not too tough to read, and quite entertaining too. Well written.
February 24th, 2008 at 8:53 am
Make your money work for you. Don't just let it sit in your bank account earning a pitiful interest rate. Use it to make more money…in investments/real estate/etc…
Oh another thing is…never buy a car new! It loses so much value in the first year you own it. Buy Certified Pre-Owned…you get the added protection of a longer warranty period and it's practically a brand new car after it's been reconditioned.
References :
February 24th, 2008 at 8:54 am
I read Rich Dad, Poor Dad. It is a good book but it didn't really teach me anything new.
References :
February 24th, 2008 at 9:07 am
I learned a LOT!
1) If you work for a salary, you pay a lot of tax before your expenses are paid. If you have a business, don't pay much tax because your expenses are deducted from your tax!
2) The Cash-flow quadrant is a great model for understanding how people make money. You will finally understand why some people get rich and others don't.
3) It's a great introduction to the world of finances - not too tough to read, and quite entertaining too. Well written.
References :
http://www.amazon.com - do a search for the book title and read the reviews.