AcidicDreams
10+ year member
I don't need one of these
the money market at vanguard is something like 5.13%
While his books are not the most financially suggestive books. And won't teach you how to make a million dollars... they do motivate you if you allow them too.
What they do teach you is how to be honest with yourself. These are great books for a starting point of a "working" class person who has never had a different train of thought. You start to realize wow, maybe what I am doing is getting me no where.
The material in these books are exactly how one should think if they are an independent product creators. Also, the whole thing is about becoming... as life is one big tree of probable experiences and paths to go down. These books should be considered more of a bridge between consciousness expansion-to-financial reality. Posing no concrete financial advice.
The books present portions of this kind of material but, in all honesty he didn't do it in the right amount of depth or even detail. 18 books I think he wrote, they still don't go into exactly how one goes about it. He touches on the base premise of it but, no exact exercises are given.
To somebody in your line of work, these books do appear as mere garbage because you are a logical thinker. And to you money is logical... Somebody like you fails to realize money is only a measure of your creativity. Money and Society are created by man. So the society created you to think the way you do... so your inherent belief system rejects most of what the book has to say based on the fact society rejects it. Society says it isn't possible even though it really is. Purely because to you the material of the book is unbelievable. The more unbelievable it is, the more it will be... because like I said something to you has to be presented logically or it is not possible. This is the standard limiting belief and what actually holds people in place as workers.
Which is all good but, creativity and individuality is more profitable at the end of the day. You can take his book as an example of that. I don't know his wealth, and I don't care, but I do know he CREATED a million dollar + product. He uses logical forms of making money in his book to back his authority as a millionaire. But the real message is to create a product. And this is what the books are really about. Getting in touch with that creative aspect of one's mind. Like I said, though. He doesn't go far enough into it. He seems to have touched the basic principals but, no cigar. There is much better material out there on this subject... but nothing financially related as most financial people are logical thinkers.
Logical thinking is a very good way to think because you're going to do very well in your line of work. You're going to make financial suggestions to people like me that are going to make me lots of money with the presented money I created. //content.invisioncic.com/y282845/emoticons/fro.gif.c695f1f814b01c4ad99fe7f8cccadd29.gif
95ZJ
10+ year member
The Resident Ginger
Chinese steel industry?
He made more money selling books than in real estate. If you are suggesting that his genius was in his creation of books, then I am sad.
So...you are suggesting that he teaches you to be "creative"? Selling books? I am not sure what his message really is?
How come the wealthiest people in the world do not follow this path?
Have you ever read a "Letter to shareholders of Berkshire Hathaway". One letter is packed with more insight and investment advice than the whole series of RD/PD.
I am not a working class person. I am an investor who uses other people's money to bring me fortune. I use my knowledge, talent, and experince to assess markets and allocate assets accordingly.
So...you are suggesting that he teaches you to be "creative"? Selling books? I am not sure what his message really is?
How come the wealthiest people in the world do not follow this path?
Have you ever read a "Letter to shareholders of Berkshire Hathaway". One letter is packed with more insight and investment advice than the whole series of RD/PD.
I am not a working class person. I am an investor who uses other people's money to bring me fortune. I use my knowledge, talent, and experince to assess markets and allocate assets accordingly.
He did make more selling the book than he did in Real E-State. I think the controversy behind all his books is that people simply don't understand them as he does not present them in full context of how to understand them. He is on a subject I don't think he completely understands himself as honestly... there is a lot of distortions in the books but, the message is clear if understood. He is trying to present a subject into financial terms that has never been presented in finance. The books really aren't even financial books in all reality. They shouldn't be celebrated on his claims of real e-state sales.
Summing up the message of the book in one post really isn't possible as much more education on the subject of creativity is required. I do know the message of the book but, you have to share a MUCH different mind set than just that of an investor.
And no, lol. The message of the book is not to create a book. I would say the book is more of a motivating factor to create and design your own business system and investment strategies while learning everything you can about finances. It isn't strictly an investment book.
The books would make perfect sense if you ever studied subjects like consciousness expansion.
Now on the subject of the more wealth and investment advice, I am 100% sure that Birkshire Hatheway would have more investment advice.
But they are also two completely different subjects. Rich Dad books are a stepping stone between the nature of reality and financing. The nature of reality plays a lot into creating money... if you understood that and knew how to manipulate your own reality the message of the books would fall into place like pegs.
Summing up the message of the book in one post really isn't possible as much more education on the subject of creativity is required. I do know the message of the book but, you have to share a MUCH different mind set than just that of an investor.
And no, lol. The message of the book is not to create a book. I would say the book is more of a motivating factor to create and design your own business system and investment strategies while learning everything you can about finances. It isn't strictly an investment book.
The books would make perfect sense if you ever studied subjects like consciousness expansion.
Now on the subject of the more wealth and investment advice, I am 100% sure that Birkshire Hatheway would have more investment advice.
But they are also two completely different subjects. Rich Dad books are a stepping stone between the nature of reality and financing. The nature of reality plays a lot into creating money... if you understood that and knew how to manipulate your own reality the message of the books would fall into place like pegs.
I guess we should just say we have two alternative approaches to finance. Yours may be valid, although not nearly as well documented.
I just do not share the same belief system.
I just do not share the same belief system.
It's hard to document because it's more mental and more on the subject of selling a product. You are investor minded. Both of us will be rich, but off a different approach, like you said. My approach is creating something that will sell like crazy... it is the approach people in the music industry, book writing etc etc use. Yours is to make money off pre-existing oppurtunities, I would say. Nothing wrong with either as I am sure we're both happy at the end of the day. lol
:boobies:
God I made a ton of money today... Flip remember how I told you how closely I watch the VIX? Well today it spiked at open a good 25% above close yesterday. Since it is a leading indicator it gave me about an hour window for the indicies... My CFA buds who spend all day speculating called me at work to let me know... Needless to say we shorted the shit out of the market and cashed in at about 3 pm.
God I made a ton of money today... Flip remember how I told you how closely I watch the VIX? Well today it spiked at open a good 25% above close yesterday. Since it is a leading indicator it gave me about an hour window for the indicies... My CFA buds who spend all day speculating called me at work to let me know... Needless to say we shorted the shit out of the market and cashed in at about 3 pm.
Nice....very nice...Ben Stein wrote an article on volatilty early last week.
I am still watching like a snake in the grass DIA...
I see 13k as a line of resistance....Hopefully, I can pick up in the 130s and sell out at the end of the year as i expect the Dow to end the year between 14.5 and 15k.
As usual, capital strangulation kills me...so badly...I'll prolly only be able to pick up 10 shares to make $40.
I hear ya man, I basically am limited but we go in as a group in these situations to minimize trading costs and maximize leverage. You should join your local CFA society and take the lvl 1. Good networking and secret sharing as it's almost like a brotherhood.
Take a look at QQQTV and SXZTO we were all over them today just about 10:15 till close. Some of my buds almost made a year's salary today.
Can't take any CFAs.
I don't think my industry counts as relevant work experience.
I don't think my industry counts as relevant work experience.
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