Rich Dads Cashflow Quadrant...opinions

[elguapo]

He was very clever in endorsing Amway, as a result Network 21 the training offshoot put him at the top of their reading list - guaranteed sales

Yeap, that's what made him. There bulk buying sent him to the no.1 spot on the non-fiction list, despite his work being complete fiction.

[flyernzl]

The central message that I got from 'Rich Dad' was the importance of creating a passive income stream that does not rely on you to put in regular hours of time/effort.

Thats it. Everything else in the books is just flim-flam.

[Davo36]

I found cashflow quadrant to be his best book, it was all downhill after that.

I haven't read it for ages but remember it being about the importance of cashflow, pure and simple. This is something many here don't do - they negatively gear and pray for capital gains.

[flyernzl]

Agreed.

(amac)

[speights boy]

- they negatively gear and pray for capital gains.

Which is why the intention rule is a stupid rule, and should be removed in it's entirety.
Too subjective, too many loopholes, too readily abused.

[PTILoveYou]

Share investors love cashflow too.

[speights boy]

Share investors love cashflow too.

Indeed.

Contact Energy to pay $367 million special dividend

Contact Energy shares jumped more than 12 per cent on news that shareholders will get a big 50 cents a share special dividend next month.

http://www.stuff.co.nz/business/indu...ecial-dividend

[PTILoveYou]

Indeed.

Contact Energy to pay $367 million special dividend
http://www.stuff.co.nz/business/indu...ecial-dividend

Just googled Contact's share price for the past 5 years.

Bad investment.

[BigDreamer]

Fun fact: Donald Trump is poorer now than when he was born. He doesn't advertise that now does he.....

Fascinating fact.

I have an itch to start googling this fact...

[elguapo]

Fascinating fact.

I have an itch to start googling this fact...

Here's a hint, Fred Trump.

[Eugene]

The central message that I got from 'Rich Dad' was the importance of creating a passive income stream that does not rely on you to put in regular hours of time/effort.

Thats it. Everything else in the books is just flim-flam.

Agree
And the boring repetitious style was annoying

[andyp2010]

Once youve read one of his books theres no need to read another.

There again, once i read one of his books its was pretty life changing.

[PTILoveYou]

There again, once i read one of his books its was pretty life changing.

I agree 200%!

[Davo36]

Once youve read one of his books theres no need to read another.

There again, once i read one of his books its was pretty life changing.

I agree too actually.

I got that book off the bookshelf and looked at it last night.

I'm much less impressed than I was when I first read it. It's full of vague statements and is very repetitive. But the basic message about creating passive income via income producing assets is a good one.

[andyp2010]

I agree too actually.

I got that book off the bookshelf and looked at it last night.

I'm much less impressed than I was when I first read it. It's full of vague statements and is very repetitive. But the basic message about creating passive income via income producing assets is a good one.

Finding that a lot myself, a lot more scanning through books to find gems of knowledge. Think it comes when your experience outstrips the books, becomes harder to find something eye opening.