Author Topic: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)  (Read 6298 times)

Macky Ferniz

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Dear Mike,

I bought one book "Rich Dad Poor Dad" by Robert T. Kiyosaki.

I will read it and share it with our "igsoons". It sounds interesting.

Preview: 'The main reason people struggle financially is because they have spent years in school, but learned nothing about money. The result is that people learn to work for money....but never learn to have money work for them'

...let me finish reading and I will tell you more...

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Macky Ferniz

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I finished reading the introduction: It says there are two kinds of Dad, a rich dad and a poor dad.

Poor dad tell their children to go to school, study hard to get a high grades and look for a job. Poor dad encourage their children to be smart.

Rich dad teach their children with financial skills where present education system is not capable of teaching, tell them to go to school to learn what they want to learn. Then they encourage them to know how to hire smart people...

I will read chapter one and share with you soon....

 

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Macky,

Please be my rich dad...

         Please.... pretty please, pleassssseee....

                                             GEC ;D



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This smacks of a grand conspiracy to hide the non-existent, to identify the nameless, to paint a picture of the unseen. -- Benelynne

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Happy

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Macky imo man sab na gipa-thrilling oist  ;D

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Macky Ferniz

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...Sorry guys to keep you waiting... I feel lazy today and I have'nt finished chapter 1..

Anyway... here's some additional facts I have learned today....

1. Poor dad teach their kids to spend their money safely.
2. Rich dad teach their kids to spend thier money wisely.


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Macky Ferniz

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Additional one...

Poor dad believes that money is the root of all evil..
Rich dad believes that lack of money is the root of all evil..

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Happy

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opposite teaching, it sounds interesting... I wonder whose right  ;)

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"There's no perfect life, but we can let God fill it with perfect moments"

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slackware

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would any one of you mind telling me what a mediocre dad is teaching to their kids?

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"All that is needed for evil to succeed is, that decent human beings doing nothing". (Edmund Burke)

Macky Ferniz

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Wala pa nako ma human ug basa pero it seems the average mediocre dad would teach their children the same thing as the poor dad... to go to school, get high grades, work in a corporation ….  The author of this book called it a rat race… if you work in a corporation, you will end up in a never-ending loop, going round and round working for promotion and when promoted, you will end up working harder….. the author says you have to get out of this loop and go out to the fast track… In our present world, the employee is always at the loosing end and corporations are always the winners…. The author gave an example when a corporation is down-sizing (meaning reducing its workforce), consequently their price in the stock-market will go up…. because announcing a down-sizing means the company is modernizing and applying automation, that means less work force required… so corporations earn from stock market and employees get laid-off and jobless…

So, the author suggest that in present time, it is dangerous to advise your kids to go to school, get high grades and go to work….otherwise, they grow up like you & me …a poor or mediocre dad… working hard for money… He suggest to advise your kids to go to school to learn what they want to learn. He agrees that education is only a basic foundation to be successful in the real world.

Still I am only at the surface of this book and let me read further….


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Macky Ferniz

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Lessons from Chapter I:

Money is not taught in Schools. Schools focus on scholastic and professional skills, but not on financial skills. This explains how smart bankers, doctors and accountants who earned excellent grades in school may still struggle financially all of thier lives.

Poor dad say: I cant afford it
Rich dad say: How can I afford it?
Once is a statement and the other is a question. The rich dad explains that by saying "I cant afford it" your brain stops working, it is a sign of mental laziness.

Poor dad thought that the rich should pay more taxes to take care of those less fortunate.
Rich dad said, Taxes punish those who produce and reward those who dont produce.

Poor dad recommended, Study hard so you can find a good company to work for.
Rich dad recommended, Study hard so you can find a good company to buy.

Poor dad said, "The reason I'm not rich is because I have you kids" (because of expenses)
Rich dad said, "The reason I must be rich is because I have you kids."

Poor dad said, when it comes to money, play it safe, dont take risk.
Rich dad said, "Learn to manage risk"

more to come....

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lumine

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Lessons from Chapter I:


Rich dad said, "The reason I must be rich is because I have you kids."

Rich dad said, "Learn to manage risk"



i like these statements. thanks for sharing, macky!

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Macky,

Have you finished reading the book? You said "more to come."

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Romans 10:9
"That if you shall confess with your mouth the Lord Jesus, and shall believe in your heart that God has raised him from the dead, you shall be saved."
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Macky Ferniz

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Honestly, I am a very lazy reader.

I am busy learning the piano from my 8 year old daughter Jonah, who is studying basic piano lesson... actually I am the one interested in learning the piano... it is like hitting two birds with one stone....hehehe...

By the way, here is the motto of the author:
"I don't work for money. Money works for me"

His favourite poem is the Road Not Taken by Robert Frost:

Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;

Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear
Though as for that the passing there
Had worn them really about the same,

And both that morning equally lay
In leaves no step had trodden back.
Oh, I kept the first for another day!
Yet knowing how way leads onto way,
I doubt if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence;
Two roads diverged in a wood, and I -
I took the one less traveled by,
And that has made all the difference. (Robert Frost 1916)

The above poem means never to regret your decision. But the wise must choose the road less travelled by as there are more opportunities waiting... you have to be unique...

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Macky Ferniz

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Dear Mike,

Everything in this beautiful web site is coincidental for me. Like I wrote something in the topic of "World Class Filipinos", where I wrote about creating a world OFW day (Holiday)… and I said there something like these OFW have no guts to tell their bosses about day-off…

Just last night I was reading this book and that same situation is explained here. But first I forgot to give you a highlight about the author’s life.

This book is about the life of Robert Kiyosaki is a son of a successful educator in Hawaii where he called his real father the poor dad. He have a best friend named Mike with a businessman father. The father of Mike will become his mentor, which he call his second dad, the rich dad. This is a real life story of a successful man.

Since his real dad is an educator and holds a high position in Hawaii, he is constantly lectured to go to school, earn a degree, work in a company and earn high salary. This will be proven wrong, later in this book.

Meanwhile, he was 9 years old at that time, his best friend Mike’s dad, a businessman who owns 2 restaurants, grocery store and warehouse, offers him a weekend job at their grocery store. From that time, his life changed to what he is now.

To make it short, Mike’s dad tested the author to work in his grocery store every weekend at a low salary of 10 cents an hour. Until our author was fed up and complained. Then Mike’s dad explained below:

Complaining is what they teach you in school. But that is not how life teaches you. I would say that life is the best teacher of all. Most of the time life does not talk to you. It just sort of pushes you around. Each push is life saying, “Wake up. There’s something I want you to learn”.

If you learn life’s lessons, you will do well. If not, life will just continue to push you around. People do two things. Some just let life push them around. Others get angry and push back. But they push back against their boss, or their job, or their husband or wife. They do not know it’s life that’s pushing.

If you learn this lesson, you will grow in to a wise, wealthy and happy young man. If you don’t, you will spend your life blaming a job, low pay or your boss for your problems. You’ll live life hoping for that big break that will solve all your money problems.

Or if you are the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live life playing it safe, doing the right thing, saving yourself for some event that never happens. Then, you die a boring old man. You’ll have lots of friends who really like you because you were such a nice hard-working guy. You spent a life playing it safe, doing the right things. But the truth is, you let life push you into submission. Deep down, you were terrified of taking risks. You really wanted to win, but the fear of losing was greater than the excitement of winning. Deep inside, you and only you will know you didn’t go for it. You choose to play it safe.

So, our author asked, what is the lesson I learned from working for only 10 cents an hour? The rich dad replied ‘you’re cheap and exploit your workers?’

This means that it is a nature of every company to hire the cheapest workers. This is a lesson for all of us. We should value our talent and show up with a price when applying for a job. Everyone must dump companies who are offering low price and exploiting workers. However, someone is dumb enough to work for these companies and hopeful that life will give them a break. On the reality, companies don’t care. There are more people to hire around.


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Happy

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Thanks for sharing Macky...

On the reality, companies don’t care. There are more people to hire around.
 

This is true.. and also, kung mobiya ta sa ato work, who will hire us nga mas high ang salary kaysa ato gibiyaan nga start to one man pud..

The story that you're reading gives us lesson.. so whats next? what chapter are you in now?  ;)

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Macky Ferniz

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Hi guys!

Since to convey to you is harder than reading the book, I will just type it as I read and this is the easiest way to share with you while I am reading this book. I am fast in keyboard anyhow….but sometimes I will skip boring conversations….

Lesson 1: Rich Don’t work for money

Avoid One of Life’s Biggest Traps

Rich dad said, well, you boys had better start thinking. You’re starting at one of life’s biggest lessons. If you learn the lesson, you’ll enjoy a life of great freedom and security. If you don’t learn the lesson, you’ll wind up like Mrs. Martin (Mike’s dad’s employee) and most of the people playing softball in this park. They work very hard for little money, clinging to the illusion of job security, looking forward to a three-week vacation each year and a skimpy pension after forty-five years of work. If that excites you, I’ll give you a raise to 25 cents an hour….until he raised it to $5 an hour…in 1956 not too many grownups made $5 an hour….the offer was too big and had gotten ridiculous.
The temptation disappeared and a calm set in. The part of my soul that was weak and needy was silenced. The part of me that had no price took over. I knew Mike had gotten to that point also.

Good rich Dad said softly. Most people have a price. And they have a price because of human emotions named Fear and Greed. First, the fear of being without money motivates us to work hard, and then once we get the paychecks, greed or desire starts us thinking about all the wonderful things money can buy. The pattern is then set.

What pattern I asked.

The pattern of get up, go to work, pay bills,…. Their lives are then run forever by two emotions, fear and greed. Offer them more money and they continue the cycle by also increasing their spending. This is what I call the ‘Rat Race’.

There is another way? Mike asked. Yes said rich dad slowly. But only few people find it. And what is that way? Mike asked. That’s what I hope you boys will find out as you work and study with me. That is why I took away all forms of pay. Any hints? Mike asked. Were kind of tired of working hard for nothing.
 
Well the first step is telling the truth on how you’re feeling. They fear of not having money. Instead of confronting the fear, they react instead of think. They react emotionally instead of using their heads. Then they get a few bucks in their hands, and again emotion of joy and desire and greed take over, and again they react instead of think. So their emotions do their thinking. Instead of telling the truth about how they feel, they react to their feeling. They feel the fear, they go to work, hoping that money will soothe their fear, but it doesn’t. Fear has them in this trap of working, earning money pattern. For millions of people, that old fear keeps them awake all night. Money is running their lives and they refuse to tell the truth about that. Money is in control of their emotions and hence with their souls. I often wondered why grownups hurried off to work. It did not seem like much fun and they never looked that happy, but something kept them hurrying off to work.

Not just to be rich because being rich does not solve the problem. Let me finish the other emotion, which is desire. Some call it greed. It is perfectly normal to desire something better, prettier, more fun or exciting. So people also work for money because of desire. They desire money for the joy they think it can buy. But the joy money brings is often short lived. And they soon need more money for more joy, more pleasure, more comfort, more security. But money can not do that.

Rich people included. In fact, the reason many rich people are rich is not because of desire but because of fear. They actually think that money can eliminate that fear of not having money, of being poor, so they amass tons of it only to find out the fear gets worse. They now fear losing it. Many are emotionally desperate and neurotic, although they look rich and have more money.

So is a poor man happier?

No, I don’t think so, replied rich dad. The avoidance of money is just as psychotic as being attached to money. I’ve met so many people who say. Oh I’m not interested in money. Yet they’ll work at a job for eight hours a day. That’s a denial of truth. That kind of thinking is probably more psychotic than a person who hoards money.

Will a job be the best solution to this fear over the long run? In my opinion, the answer is no. Especially when you look over a person’s lifetime. A job is really a short-term solution to a long-term problem. You see we’re all employees ultimately. We just work at different levels. I just want you boys to avoid the trap. The trap caused by those two emotions, fear and desire.

If you don’t first handle fear and desire and you get rich, you’ll be a high-paid slave.

The main cause of poverty or financial struggle is fear and ignorance, not the economy or the government or the rich. It’s self inflicted fear and ignorance that keeps people trapped.

.... Well folks, hope you enjoy reading... meanwhile I will continue reading and type the rest of Chapter 1.... hope you learned good lessons....

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(Continuation ……)

By not giving in to your emotions, you were able to delay your reactions and think. That is most important. We will always have emotions of fear and greed. From here on in, it is most important for you to use those emotions to your advantage and for the long term, and not simply let your emotions run you by controlling your thinking. Most people use fear and greed against themselves. That’s the start of ignorance. Most people live their lives chasing paychecks, pay raises and job security because of the emotions of desire and fear, not really questioning where those emotion-driven thoughts are leading them. It’s just like the picture of a donkey, dragging a cart, with its owner dangling a carrot just in front of the donkey’s nose. The donkey’s owner may be going where he wants to go, but the donkey is chasing an illusion. Tomorrow there will only be another carrot for he donkey.

And as you get older, your toys get more expensive. A new car, a boat and a big house to impress your friends. Fear pushes you out the door and desire calls you. Enticing you towards the rock. That’s the trap.

So what’s the answer, Mike asked.

What intensifies fear and ignorance. That is why rich people with lots of money often have more fear the richer they get. Money is the carrot, the illusion. If the donkey could see the whole picture, it might rethink its choice to chase the carrot. Rich dad went on to explain that a human’s life is a struggle between ignorance and illumination.

He explained that once a person stops searching for information and knowledge of one’s self, ignorance sets in. That struggle is moment-to-moment decision – to learn to open or close one’s mind.

Look school is very, very important. You go to school to learn a skill or profession so as to be a contributing member of society. Every culture needs teachers, doctors, mechanics, artists, cooks, business people, police officers…etc. Schools  train them so our culture can thrive and flourish. Unfortunately, for many people, school is the end, not the beginning.

Because it is ignorance about money that causes so much greed and so much fear. Let me give you some examples. A doctor, wanting more money to better provide for this family, raises his fees. By raising his fees, it makes health care more expensive for everyone. Now, it hurts poor people the most, so poor people have worse health than those with money.

Because the doctors raise their rates, the attorneys raise their rates., and the teachers….etc. which raise our taxes. Soon, there will be such horrifying gap between the rich and the poor that chaos will break out and another great civilization will collapse. Great civilizations collapsed when the gap between the haves and have-nots was too great. America is on the same course, proving once again that history repeats itself, because we do not learn from history. We only memorize historical dates and names, not the lesson.

Aren’t prices supposed to go up? The author asked.

Not in an educated society with a well-run government. Prices should actually come down. Of course that is often only true in theory. Prices go up because of greed and fear caused by ignorance. If schools taught people about money, there would be more money and lower prices, but schools focus only on teaching people to work for money, not how to harness money’s power.

But don’t we have business schools? Mike asked. Aren’t you encouraging me to go to business school for my master’s degree?

Yes, said rich dad. But all too often, business schools train employees who are sophisticated bean counters. Heaven forbid a bean counter takes over a business. All they do is look at the numbers, fire people and kill the business. I know because I hire bean counters. All they think about is cutting cost and raising prices, which cause more problems. Bean counting is important. I wish more people knew it, but it, too, is not the whole picture, added rich dad anglily.

So, is there an answer? Asked Mike.

Yes, learn to use your emotions to think, not think with your emotions. When you boys mastered your emotions, first by agreeing to work for free, I knew there was hope. When you again resisted your emotions when I tempted you with more money, you were again learning to think in spite of being emotionally charged. That’s the first step.

Choosing what we think rather than reacting to our emotions. Instead of just getting up and going to work to solve our problems, just because the fear of not having the money to pay your bills is scaring you. Thinking would be taking the time to ask yourself a question. A question like, “Is working harder at this the best solution to this problem?” Most people are so terrified at not telling themselves the truth – that fear is in control – that they can not think, and instead run out of the door. That’s what I mean by choosing your thoughts.

Remember what I said before: A Job is only a short-term solution to a long-term problem. Most people have only one problem in mind, and it’s short term. It’s the bills at the end of the month. Money now runs their lives. Or should I say the fear and ignorance about money. So they do as their parents did, get up every day and go work for money. Not having time to say “is there another way?’ Their emotions now control their thinking, not their heads.

Can you tell the difference between emotions thinking and the head thinking? Mike asked.

I hear things like, well everyone has to work, or the rich are crooks, or I’ll get another job, I deserve this raise, you can’t push me around or I’ll like this job because it’s secure.

Instead of “Is there something I’m missing here? Which breaks the emotional thought, and gives you time to think clearly.

Rich dad went on to explain that the rich know that money is an illusion, truly like the carrot for the donkey. It’s out of fear and greed that the illusion of money is held together by billions of people thinking that money is real. Money is really made up. It was only because of the illusion of confidence and the ignorance of the masses that the house of cards stood standing.

He talked about the gold standard in America was on, and each dollar bill is actually a silver certificate. What concerned him was the rumor that we would someday go off the gold standard and our dollars would no longer be silver certificates. When that happens, all hell is going to break loose. The poor, the middle class and the ignorant will have their lives ruined simply because they will continue to believe that money is real and that the company they work for, or the government, will look after them.

More to come.... (CHAPTER THREE  Lesson Two: Why Teach Financial Literacy?)

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Thats long, i will abck to this one later when I'm not that busy anymore :)

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Macky Ferniz

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So far, this is the lesson I learned from rich dad book:

What do rich people buy?

1. Rich people buy assets; i.e. Bonds, real-estates, companies that are small and soon to become big, acquisitions, stocks, patents, intellectual properties and royalties.

2. Poor people are paying liabilities most of their life and unfortunately this is the truth.

3. The middle class buy liabilities which they thought are assets i.e.; car, credit cards, luxury things, taxable things, house, things that depreciate and do not generate value in long term, mutual funds. This is the reason why the middle class (the working class) keeps on working all of their lives and they are trapped in the "rat race". The more promotion they got, the more spending will increase.

Retire at a young age:
Definition of retirement means you don’t have to work anymore because the assets you bought have grown into a big tree and it’s roots are already anchored deep-down, this will generate income by itself. That’s the real meaning of retirement.

Moreover, the real measure of how rich you are is your "financial survivability" and not the amount of wealth that you have; i.e. if you stop working now, how long can you survive financially. Some people may be wealthy, but are not rich; i.e. a rich actor if he has no investment and stops working now, he will be like a lighted candle gradually consumed. Next month bills will come, he has to pay taxes, rent, plus his rich lifestyle. It is said that a fool with his money is a big party. No wonder why some people who won the lottery, the next year you will find them broke. Money will only beget liability if you don't have financial literacy, so more money begets more liability.

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hazel

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oh! I love this thread...keep them coming Macky! :)

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1. Rich people buy assets; i.e. Bonds, real-estates, companies that are small and soon to become big, acquisitions, stocks, patents, intellectual properties and royalties.

2. Poor people are paying liabilities most of their life and unfortunately this is the truth.


alangan nga wala may ika-cash ug palit ang poor

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hazel

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #21 on: September 19, 2007, 01:53:02 AM »

Macky, where's the continuation of your story?

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Macky Ferniz

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #22 on: September 19, 2007, 02:04:36 AM »
Ginger, Sorry na busy man gud ko sa akong job which is described here as the short-term solution for a long-term problem.

'Trying my best to continue with this topic.

apologies guys.

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #23 on: September 19, 2007, 02:13:06 AM »

hehehe! it's okay. we'll just wait kung anus-a naka mahuman sa imong long term solution for a long term problem.

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #24 on: September 19, 2007, 02:39:49 AM »
That was why my banana never get into college, kay ingon sha if i can start earning money while i was young, why do i have to waste my time to go to college... at first i felt so awkward knowing that he never was but when i leanred his principles - i knew i found the right one...

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Macky Ferniz

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #25 on: September 21, 2007, 01:43:17 AM »
Ms. Da Binsi,

You are lucky to have a man of principles.

Still I did'nt find enough time to relay what I have read from this book, but sooner I will.

Actually I finished the whole book long back. The next chapter is "Power of Corporations".

I will give you a small insight.

1. Corporations are legal loopholes used by the rich to evade taxes.
2. Difference between a corporation and an individual.
2.1. Individuals are taxed based on thier whole income and spends on what is left.
2.2. While, corporations spends and are taxed based on what is left.
3. The rich put thier money on a corporation and not on thier personal account. Literally, they own nothing, so government can not tax them. This is a legal loophole for the rich to evade huge taxes.
4. Everything they spend is corporate expense. So, a vacation in Hawaii is a board meeting in Hawaii, a new car is standard company issue, ...etc. So, they can not be taxed for buying a new car because companies can not be taxed for thier expenses, only for thier earnings.

During the early times, tax was originally invented by the working class to punish the rich. So that the rich can share thier wealth to the masses. But the rich found innovative way to escape from taxes through corporations. Now, since the government could not find enough revenues through taxes, they have lowered the tax scheme to the working class. What happens now is that the working class suffers the most from taxes instead of the Rich. This is the power of corporations.

I will continue soon.

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Macky Ferniz

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #27 on: September 21, 2007, 02:00:30 AM »
Happy, I bought another book and sharing it I will.

It is called "10 Secrets of Happiness".

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #28 on: September 21, 2007, 02:03:12 AM »
"There's no perfect life, but we can let God fill it with perfect moments"

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #29 on: September 21, 2007, 06:34:27 PM »

Thanks, Macky! more...more....moreeeeee :)

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #30 on: September 22, 2007, 08:07:34 AM »
I read Rich Dad, Poor Dad in college. Being a member of a networking company, gi require mi mobasa ani, this is their bible.

I was impressed pud ani nga libro adto nga time. But I learned that Kiyosaki never actually made a lot of money prior to his publishing this book. Of course, he's a millionaire now. But the bulk of his millions actually comes from the royalties and sales he gets from his books and merchandise connected sa mga libro niya. In fact, he never really had a "rich dad". The rich dad never existed. And even Kiyosaki admitted that.

Kinda disappointing lang.

But the book is still good though.

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #31 on: September 22, 2007, 08:18:24 AM »
That is what i thought C2... YOu can never follow everything what he says... but it make sense baja pod...

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #32 on: September 22, 2007, 08:22:20 AM »
I read Rich Dad, Poor Dad in college. Being a member of a networking company, gi require mi mobasa ani, this is their bible.

I was impressed pud ani nga libro adto nga time. But I learned that Kiyosaki never actually made a lot of money prior to his publishing this book. Of course, he's a millionaire now. But the bulk of his millions actually comes from the royalties and sales he gets from his books and merchandise connected sa mga libro niya. In fact, he never really had a "rich dad". The rich dad never existed. And even Kiyosaki admitted that.

Kinda disappointing lang.

But the book is still good though.
 

C2....that is why we are giving Mike a hint to write his poems or a book and we could be having a big deal.

I will secure this book in the Phils by Dec.....as what you said........is interesting

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Re: Rich Dad Poor Dad (What the rich teach their kids - That you can learn too)
« Reply #33 on: September 22, 2007, 12:14:23 PM »
C2....that is why we are giving Mike a hint to write his poems or a book and we could be having a big deal.

I will secure this book in the Phils by Dec.....as what you said........is interesting

If Mr Admin compiles his poems into a book, I'll buy it.



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Kiyosaki's rich dad never actually exist?

But I know my rich dad is true -- Macky.  ;D

Sometimes, authors employ imaginary persons to liven up the discussion on self-improvement. Like Aesop's fables and other parables. The book "Celestial Prophecy" sets the story in the middle of a civil war in a Latin American country while the its real subject is on the advancement of man's level of consciousness.

The debate whether or not it would be more interesting if Kiyoshi's rich dad is a real person might soon merit the kind of discussion -- and controversy -- on the comparison of the historical Jesus and the Jesus written about in the Holy Bible.

Then we will have in our midst another Dan Brown   ;)



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The debate whether or not it would be more interesting if Kiyoshi's rich dad is a real person might soon merit the kind of discussion -- and controversy -- on the comparison of the historical Jesus and the Jesus written about in the Holy Bible.

Then we will have in our midst another Dan Brown   










Pak-pak gyud ko nimo GEC!

pak-pak-pak-pak-pak-pak



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I just stumbled on this thread!  Intersting one!  At first I thought this thread is kind of the high-end Balong! heheheh Anyhow,  If I based my life in the discription here, I would say I had a poor dad and grandfather but it's okay, I still won't trade them for anybody.

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huhuhu hang kaajo akong mata oi.. pero nondot jud ang topic...

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Lessons from Chapter I:

Money is not taught in Schools. Schools focus on scholastic and professional skills, but not on financial skills. This explains how smart bankers, doctors and accountants who earned excellent grades in school may still struggle financially all of thier lives.

Poor dad say: I cant afford it
Rich dad say: How can I afford it?
Once is a statement and the other is a question. The rich dad explains that by saying "I cant afford it" your brain stops working, it is a sign of mental laziness.

Poor dad thought that the rich should pay more taxes to take care of those less fortunate.
Rich dad said, Taxes punish those who produce and reward those who dont produce.

Poor dad recommended, Study hard so you can find a good company to work for.
Rich dad recommended, Study hard so you can find a good company to buy.

Poor dad said, "The reason I'm not rich is because I have you kids" (because of expenses)
Rich dad said, "The reason I must be rich is because I have you kids."

Poor dad said, when it comes to money, play it safe, dont take risk.
Rich dad said, "Learn to manage risk"

more to come....

I really liked that excerpt, "Learn to manage risk."

I can hear my dad already echoing something in the likes of, "Managing your study habits." haha!

In fact, I can hear his voice say that.

All in all, great thread, Mr. Ferniz.


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What is written on this tread actually happened and really came true.

Armed with nothing but hope and virtue, Obama is facing a big task to repair the fallen Financial Institutions that were caused by greed of some.

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