Do we all make RDPD concept to be an instant rich concept? Where do we invest our time and money then? Actually the answer is depend on us. Looking back at Robert Kiyosaki background, you would be able to know what to invest, Real Estate? Writing Books? However, I want to let you all know, if you are not familiar in the field, you would really hard to get it started. The real answer is still in your hand that is “Invest” something that you comfortable of, and make the “MONEY” work for you. This is the concept. Not necessarily into the Real Estate if you are not familiar with the term, transactions, the history of it.

In terms of the definition between the Assets and liabilities, his definition might seems confusing. But if you read some more materials, he wants us to make the “MONEY” work for us. Let see an example;

I found this from website saying:
“I am an engineer working in wireless technology. I buy the latest cell phones and PDAs when they become available. I buy a faster computer every year. Liabilities? No. Without using cutting edge technology on a regular basis, I would not have the successful career that I have. No toys, no knowledge, no promotion, no job, no income.”

Actually the meaning should be like this, making people pay for your upgrades, such as company that is willing to pay you all the expenses for learning new technologies. Getting a company sponsor your knowledge and appreciate your skills.

If you want to be successful to pay every single cents on your own, it is just like buying your house from your every single hard earning money.

Your asset = Hard earn money.
Robert Kiyosaki’s Asset = People pay for it continuously and more. That’s why you feel it is like a scam, because this Asset belongs to Robert Kiyosaki, not you. Robert Kiyosaki has proven this concept so far.

In summary, if you work for “MONEY”, you are actually BUYING.

If “MONEY” work for you, you are actually INVESTING, meaning you put a very little money inside, the rest of the time, the money is paying by itself, and pouring in while you asleep and doing nothing.

Rich Dad, Poor Dad is a book to help you think like rich people. It is possible to do it ethically unlike some people here would like to believe. Anyone that is arguing that it is not a valuable book is being close minded in my opinion.

Anything that challenges your thinking is valuable. The moral of his story is to think outside of the box.

I have shown you 1 example of a high return on your investment with little or no money, just using leverage. I also want to note that I read the book about 2 months ago and have already found dozens of opportunities to make high returns on my investment.

I assure you that anyone out there with an open mind and the courage to follow you financial insticts that we all have, you will be rich. It is a learning experience all along the way but if you stick to it you will be more successful than you could possibly imagine.

good luck

I was inspired to write Who Can You Trust?.

How a word is defined is not necessarily the best way to think about something. Assets and liabilities do have a textbook definition, but they are concepts, and can be conceptualized differently by different people. I happen to think that he makes a good point for his concept. But I guess we will have to agree to disagree on that point.

Where did you see that? I don’t remember any of those promisis. I think you missed the point of the book. The point wasn’t to tell you how to make money, but show the differences in how the rich THINK about money than the average joe. I think it accomplishes that well.

His “definition” of an asset is simply an appreciating asset, while his definition of a liability is a depreciating liability. Depreciating assets (like cars) aren’t liabilities and appreciating liabilities (like mortgages) aren’t assets.”

That simply isn’t the case. I don’t know what book you read. He NEVER states mortgage is an asset. In fact he says quite a few times that people should view their home as an investment, jut because it MAY appreciate over time. Things like cars do have an inherent value, but they don’t really mean anything in the grand scheme of things, and thats what I think he was trying to say.

He defines says “If you don’t have a job assets feed you while liabilities eat you.” I don’t remember anything about appreciation. Like I said above, he sais time and time again you can’t count on capital gains.

“appreciating liabilities (like mortgages) aren’t assets”

FYI, no matter how you splice it a mortgage IS a liability. The home that is collateral for the mortgage is the asset, and the asset appreciates, not the mortgage. I don’t think Kiyosaki gets those confused.

However, asking for a credit report, projected revenue and expenses or other documents are ways to control risk and make it minimal.

I will definitely goes through John T. Reed exhaustive review (man, I don’t know if I can read it all!). It seems interesting to have a second opinion on a different point of view.

Maybe the answer is on his website, but I really wonder why a rich successful entrepreneur such as Donald Trump would bother writing a book with a supposedly Amway/Quixtar creature. Don’t people learn more from their mistakes than from their success?