Another example would be math. There is a reason one learns math by working problems. For most people the mechanics of various techniques are learned before a deeper understanding of how and why they work is obtained. Like many things for the overwhelming majority a deeper understanding will never come and applying formulas is as deep as it will get.

It is a good motivational book for beginners.

Vic

Also a great side idea, make sure to copy and paste every post you make anywhere daily! Then with ease, one day you can organize your posts into a book for extra income, and to help you refocus your beliefs on Young FIRE.

Yes, you are both correct.

RDPD is fundamentally aimed at Boomers and glorifies “being rich” — i.e., having lots of stuff — as a value. I think Kiyosaki has had some weird plastic surgery, BTW. I liked his book and the quadrants, but RDPD is a marketing machine when it comes down to it. Go watch this series to see how he makes his money: http://www.youtube.com/watch?v=HE6nT0oyPt8

To me RDPD represents conservative Boomers and YMOYL represents liberal Boomers. Same fundamental idea, but different “values” (getting ahead or leaving smaller footprint) and presentation (you’ll be personally fulfilled by having a lot of shit or by not having a lot of shit).

In my view, 4HWW is the RDPD for Gen-X and ERE is YMOYL for Gen-X. The Boomer tomes are about “values”. The Gen-X ones are more about liberty or freedom.

All good stuff in their own ways, just different packaging and focus.

Your Money or Your Life is interesting because of the hidden Marxian assumption: we sell out life (labour) for money and capital pays enough for labour to reproduce. The only control we have is how we reproduce our labour and the way our is to be efficient in it.

BTW, I am ENTJ (but sometimes the E goes into I).

So the cult was a stepping stone to the religion, big deal.

Btw, Ive not read Your Money or Your Life – but meditating on the title alone has changed my way of thinking drastically.

I for one do not really care whether the rich dad actually exists. Maybe he’s just an allegory intended to make a point (kinda like animals in cartoons have voices whereas real animals don’t talk). At least for me (a 25 year old scientist who was inherently frugal both otherwise had no concept of money) RDPD really made that point very well.

Now, he could have called it Rich Man, Poor Man. However, seeing that many of us learn to navigate the world from our parents, would it have been equally effective?

http://johntreed.com/Kiyosaki.html

I ordered the “Cash Flow Quadrant” just now.

I am a “cash flow” freak. I am convinced that is what FI is all about. Some people think cash flow is going to the bank to get more cash (loan) to let it flow to what they are buying (dealer). No, no and no. Cash flow is about money changing hands well enough, but it represents the flow of it “into” one’s life, not “out”. Could be folks got that one bassackwards?

:::Facepalm:::

Department of redundancy department. Oops.

Reading RDPD gave me a new perspective on the meaning of the word “asset”, but it isn’t useful as any sort of a “how to” book.

YMoYL is still on my “to read when I get a hold of copy” list. I have been trying to get all my books from the library & it has not been available.

Ciao
D

Betsy said: “However, it doesn’t have much to say to people who love their work and feel like it is a source of satisfaction, challenge, fulfillment, and meaning and in some cases power and influence to make things happen.
Once you retire, you still need meaningful work. Unpaid work is generally lacking in a lot of the characteristics I listed above, especially power to make the things you want to see in the world happen.”

I disagree. The list of things that one can do is vastly larger than the list of things that one can do FOR MONEY. And considering how the powers that be do NOT want things to change, paid employment rarely does much good in the area of making great changes. Think about a person working for a government assistance program. The goal is not to get people weaned off assistance, b/c then the government worker would be out of a job. Someone who does not need the money to survive is more inclined to actually help someone b/c their continued dependence does not benefit them.

And even if you do happen to love your job, that’s no reason to NOT be frugal. It’s also environmentally sound.

Jacob, I did the brown rice in the pressure cooker (for the first time) per your instructions, and it came out perfect. I was even surprised there was no sticky rice on the bottom.

I never thought of using my pressure cooker for vegetables, but wow does it use way less energy.

Jacob, I have an idea I want to tell you about, email me if care to.