mrdoonbeg (August 20, 2008 at 9:48 pm)

I love it! This man talk so much sense, then he mentions Ron Paul as the only candidate who could fix the problems with the economy, genius to genius! Pity America isn't listening!!

RajaBegun (August 16, 2008 at 1:57 am)

. August 15, 2008. Silver is back to the price it was selling at two and a half years ago, beginning of 2006... $12.5/oz - spot price. At the start of 2008 they were talking about the new trendline established , we'll see gold at $2500 by the end of the year etc, etc, etc. One word about their predictions top to bottom: Bullocks (bullocks...) .

smithestates (August 15, 2008 at 7:40 am)

I have about 300 properties in SO CA under 100K, can be rented from 1000-1400/ month these properties have great cash flow my website smithestates com

corvettedude346 (August 15, 2008 at 5:03 am)

500 oz of silver is only $7,000 right now, buy it while it is on sale!

bamby1969 (August 13, 2008 at 11:56 pm)

(CONTINUED) I may accept that he has once found such a deal as mentioned in rich dad poor dad at the attorney general's office. BUT is this a deal you can find every few months? A rediculously low priced piece of real estate you can buy when a couple is getting divorced and / or someone gets foreclosed? IF NOT ... why does he incorporate these exceptions as everyday examples that you can allegedly just do?

bamby1969 (August 13, 2008 at 11:54 pm)

In his Cashflow game presentation Robert gives the example of investing $16,000 as follows: you buy a house from someone that gets foreclosed on (a recurrent example he gives of asap sales for legal reasons) with a return of investment of 86% when renting it out - so even if you only put down 16,000, after paying your monthly mortgage you still have about $700 mortgage walkaround money. If he can EXPLAIN just HOW you find this deal? Why does he give an example that sounds too good to be true?

DimebagVision (August 13, 2008 at 1:00 am)

Well if you remember, Robert's real dad ended up losing his job so he had to start all over again. His rich dad kept on earning riches that he could pass on to his family. He also stresses the importance of education from school, but he thinks it should be reformed and should teach financial education as well.

anottakenusername (August 12, 2008 at 7:42 pm)

That was a little bit of an exaggeration in reference to how throughout the book he just keeps showing how much better his "rich dad" is in comparison to his intellectualist "poor dad" at making money. He also mentions that the rich beat the intellectuals when it came to finding ways around paying taxes and that they will continue to do so because they have all of the influence. Also, I don't know if he says it directly but he strongly suggests that our current educational system is a waste.

DimebagVision (August 12, 2008 at 1:23 am)

He also said "look for opportunities, and once you found one, study it, and if it is a good opportunity go for it" he also said "there are always opportunities following another opportunity" No book is going to tell you how to start, unless you buy a textbook or go to business school. But those 4 things you listed are usefull. The "intellectualists suck" thing kinda has me confused.

anottakenusername (August 11, 2008 at 5:57 am)

Well, the point is that I am looking for a mentor who isn't going to charge me thousands that I don't have to spend. I only read Kiyosaki's first book and the rest is hearsay so I could be wrong. If I am wrong please correct me. The only things his first book tell you are... 1-Educate yourself about money 2-Become a business owner or investor 3-Exploit corporate tax loopholes 4-Don't be afraid to lose money 5-Intellectualists suck ...but he doesn't say how to start any of that!