After Reading this Book, I am still where I am financially...
By sdas86
@sdas86 (6076)
Malaysia
December 1, 2008 9:16pm CST
After reading the series of Rich Dad's books, I am more financial educated but I am still financially unchanged. I am still making a bit of money online, doing part time jobs to make some extra income, my investments in stock is not giving me a great return and I am unable to start my own business because money is not enough.
So, I am starting to question myself whether the book is really helpful or am I doing the wrong thing in my own finance? I am still in the rat race. How long would it takes for me to get out of rat race?
Is your financially status improved after reading the book? Is it really practical to apply the theories in Rich Dad's series?
1 person likes this
10 responses
@Beruang (1309)
• Malaysia
3 Dec 08
I have not read that particular books but I have read books about financial planning and stuffs. All I can say is a book is a book. It is full of theories and some experiences of the author and on many occasions I found that they are somewhat or not directly applicable to all situations or the conditions of our own life as we all live at different places, countries, and so on and so forth... So, it is not surprising that after following a book, nothing has changed.
As far as I am concerned, reading books is good for providing some guides and ideas on how to get things done but the actual success would depend a lot on ourselves and the things that go around us as nothing stay the same all the time...
For a example, a book taught me how to get out of my credit card debt without having to lose my credit cards. Eventually, I made my own decision to get rid of all my credit cards and negotiated with the banks for a settlement based on term loan rates rather than credit card interest rates and now my financial situation has changed from having to look for extra money at the end of the month to having some money to save for the rainy days...
Anyway, I wish you all the best and profit from investments are normally realized after a long time and you have to be patience... All the best. Cheers!
1 person likes this
@forcemaster245 (220)
• Singapore
2 Dec 08
imo, good books can help, but since many things today change very fast, some things mentioned in the books might become irrelevant very quickly. not only that, books speak more about theories, not practical results, so you might have to wait before you see visible results. i'm sure you succeed if you're patient though. good luck on getting out of the rat race.:)
1 person likes this
@tammytwo (4298)
• United States
17 Feb 09
I haven't read the book but do know to improve your financial status one must make more money than they are putting out. I am trying desperately to just pay off all of my small debt this year. So far I have accomplished paying off three of my small bills. I used every bit of our income tax money to do so. Of course it has helped much because my husband's income from his full time job has been reduced substantially. So we are right where we were at the beginning of the year. However I am still trying desperately to make more money and accomplish my goal of being virtually debt free by the end of 2009.
@nabendu82 (53)
• India
3 Dec 08
Actually this book "Rich Dad Poor Dad" was the first book in my Education System. Robert talks something as Delayed Gratification which we Employee people don't understand. We understand Delayed gratification only.
He talks about starting your own Business. There are two ways he talks - either you have a Dad(or mentor) like him who teaches you about traditional business. Every traditional Businessman gets Bankrupt 2.5 times according to survey. Robert himself gone bankrupt two times.
The other way which he recommends is a non-traditional business like network marketing(which he talks in detail in Cash-flow Quadrant also). Here also we have a mentor who is very successful and help us to succeed which generally takes 2-5 years. He also speaks in some of our functions and is great teacher.
My training company is
http://www.n21global.com
@Tashia0508 (74)
• China
8 Jul 09
I read this book last year.I think it is very helpful even though I'm an undergraduate.From that on, I would to do some things good for my future career.My goal is owning my night club of jazz.Then,I can let this system earn enough money for my travel desire.
@Tashia0508 (74)
• China
14 Jul 09
You're right!recently I have bought some stock.I want to make the first step in this way~
@magtibaygom (4858)
• Philippines
23 Feb 10
You said you have read all the books in the Rich Dad Series... Now, I'd like to ask, have you internalized the teachings in his books "Cashflow Quadrant" and "Guide To Investing"? Now, go back to those books again and re-evaluate your path. Have you tried the entrepreneurial path? Did you followed his lesson "Mind your Own Business?". Have you already created or bought a business or a business system? Majority of his teachings are for those who accept the entrepreneurial challenge. As you can read in his book "Guide to Investing", he emphasized creating an business that others (the Investors) would love to invest on. Have you tried that? I have tried that and I am very thankful I tried the entrepreneurial path. I am now my own boss, and I can now hold much more money in my hand and in my bank account than when I was working as an employee working to build other people's dreams... I am now able to build my own dream instead of building someone else's dream---my boss' dream.
@magtibaygom (4858)
• Philippines
23 Feb 10
If money is not enough to start your own real offline business, I suggest you join network marketing. It's masses-affordable business opportunity with big potential. That's how I started, and after earning some capital necessary to put up my dream business, I started a pharmacy outlet business. You can do it too. Good luck :)
@bhanusb (5709)
• India
2 Dec 08
I think financial education and experience of earning money is two different things.A person can't be reach by reading books only.If you have any businessman friend then take advice from him.He wiil give you a right way to earn more money.Dont't be disheartened.Try ,try and try again.Surely fortune will come to you one day .Thank you.
@luvandpower (2048)
• United States
3 Dec 08
Hi!
It has been a few days since3 I last had a sdiscussion with you, but it's cool. What I have seen recently is that everyoen makes money in their own sort of way. You can't always make money like everyone, and only a certain amount of people make it big from the money making industry. You just have to find whatever is you, when it come to you making money, then you can follow your dream. dont suspect to make it big in anything, always keep short goals, and you will succeed, want to know why? The more you succeed, the happier you are, the happier you are the better off you will be when it comes to making money.
@meggiehan (77)
• China
17 Feb 09
hey,guy, don't worry , it need more time, i read the series of Rich dad's books also, after that i change my mind, i think it's important, and i believe i will be succeed if i follow by his advise. you did a good job. you just need more time. take it easy and believe it.
@stingray123 (1)
• Philippines
30 Mar 11
be patient and try other books to read the more knowledge you acquire the more skills. you learn
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