Has Anyone Read "Why We Want You To Be Rich"?

[LawofAttractionHandbook]

I just recently began Donald Trump & Robert Kiyosaki's book, Why We Want You To Be Rich and I'm thoroughly enjoying it.

I've never heard of this book, but it was on the discount shelf and looked interesting so I decided to pick it up.

In the book they talk about the collapsing dollar, and why saving money in a bank will never make you rich. They also talk about the 4 models of people:
Employees, Small Business Owners, Investors, and Big Business owners and why some are rich, and others aren't. It has everything to do with your mindset which is what they get into.

I found this book more to be more about financial education than success and wealth in general, which is why I enjoyed it.

Has anyone else read this book? What do you think about it? Any recommendations for more books like this??

[Jcs]

I have it somewhere gathering dust. Will put it on my to-read list ^^.

[rsinghal2000]

I've read a couple of Kiyosaki's other books. The content sounds very similar.

I'm curious what the Donald has contributed...I watched the first season of The Apprentice and got a pretty good idea of his approach.

As you said, change how you define yourself. Even if you're an employee now, start thinking of yourself as being in the business of You Inc. or LLC, as you prefer.

Get knowledge in how to identify great opportunities, find them, invest, manage and voila, you're rich

The key about all of this comes to one element, do something you enjoy.

1. You're not going to make money right away
2. You don't want to resent the investment/business afterwards when you are successful.
3. You're going to be better at something you do enjoy.


My definition of something you enjoy...you jump out of bed in the morning instead of hitting snooze. You can spend hours doing it and forget to eat...unless of course, eating is something you really enjoy.

Originally Posted by LawofAttractionHandbook

I just recently began Donald Trump & Robert Kiyosaki's book, Why We Want You To Be Rich and I'm thoroughly enjoying it.

I've never heard of this book, but it was on the discount shelf and looked interesting so I decided to pick it up.

In the book they talk about the collapsing dollar, and why saving money in a bank will never make you rich. They also talk about the 4 models of people:
Employees, Small Business Owners, Investors, and Big Business owners and why some are rich, and others aren't. It has everything to do with your mindset which is what they get into.

I found this book more to be more about financial education than success and wealth in general, which is why I enjoyed it.

Has anyone else read this book? What do you think about it? Any recommendations for more books like this??

[Asmoday]

Be careful. A lot of the things that Robert Kiyosaki says are flat-out illegal and will get you spanked by the IRS. Its been a while since I read it, but I remember noting that on several occasions. For example, I remember him saying something like, "Trips to Hawaii becomes business trips which are tax deductible". First off, 51% of the time has to be spent doing business related activities to claim it as a deduction. Second, the IRS will investigate a trip to Hawaii claimed on your returns. Third, you have to be able to PROOVE the 51% on request, or you'll get dinged with tax fraud. But, he doesn't mention any of that. He does that a lot. And, his claims on his properties are shady. He didn't buy a lot of real estate until well after he published his first round of books (read: he got rich by telling you how to make money, not the other way around). Even then, he purchased a townhouse in Beijing and a lot somewere, so he could claim his company "owns property overseas", which is a great exaggeration of the truth -- so much so I reckon he made the purchase to cover his butt on the claim, so he could project an air of credibility.

[OnionJack]

Here's a piece about Kiyosaki why he is a fraud.
John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad

And I'm not sure how they define people but if you're looking for one for business owners you might want to check out 'E-Myth Revisited: Why most small businesses fail and what to do about it'

Where Michael Gerber talks about the technical, manager, and entrepreneur.

-OJ

[Niki]

Originally Posted by OnionJack

Here's a piece about Kiyosaki why he is a fraud.
John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad

And I'm not sure how they define people but if you're looking for one for business owners you might want to check out 'E-Myth Revisited: Why most small businesses fail and what to do about it'

Where Michael Gerber talks about the technical, manager, and entrepreneur.

-OJ

If you reject Kiosaki's book, you miss the ideas in it. The things that makes you grow.

If you don't you have a chance to notice some things that are true, and some things that are not true (or in line with your beliefs)

When searching about kiosaki myself, I found the review of T reed (or whatever) and I immediatly ordered kiosaki's book on the internet. I thought, if the guys is worth writing that much about, his book must be good.

On the other hand, I have never read reed's book, because I tend to distrust people when they set aside so much time to damage other people.

[OnionJack]

Originally Posted by Niki

If you reject Kiosaki's book, you miss the ideas in it. The things that makes you grow.

If you don't you have a chance to notice some things that are true, and some things that are not true (or in line with your beliefs)

When searching about kiosaki myself, I found the review of T reed (or whatever) and I immediatly ordered kiosaki's book on the internet. I thought, if the guys is worth writing that much about, his book must be good.

On the other hand, I have never read reed's book, because I tend to distrust people when they set aside so much time to damage other people.

So learn from someone who lied completely about how much money he has and how he got it. I don't care what you believe, doesn't affect me.

And I've read the book, he doesn't talk about any brand new concepts.

[Niki]

Originally Posted by OnionJack

So learn from someone who lied completely about how much money he has and how he got it. I don't care what you believe, doesn't affect me.

And I've read the book, he doesn't talk about any brand new concepts.

If you've learned nothing from the book that means you allready know everything, or you just didn't read it with your eyes open. No hard feelings.

Keep in mind that I didn't mean new concepts to the world, I mean new concepts (or knowledge) for you.

I do care what you believe, because I am replying to you.

PS: Did you read any of t reed's books ? Any good?

[OnionJack]

Originally Posted by Niki

If you've learned nothing from the book that means you allready know everything, or you just didn't read it with your eyes open. No hard feelings.

Very mature answer.

[Dan.Linehan]

Thats a pretty funny piece OJ, thank you.

Quixstar sucks btw. I joined for about two days (years ago - 98 maybe?), they asked me how I would get customers (expecting that I would say 'Duh I dunno,') I told them I'd design several e-commerce sites to sell the products on and promote the sitesd use typical marketing campaigns, invest in radio ads, etc. They told me I shouldn't do that, and needed to get my family and friends on board as team members. I told them that sounded shady and really ineffective, and that my family and friends had their own businesses to run. They didn't like that. Which was fine by me.

[Technicolor Tim]

Originally Posted by Niki

If you've learned nothing from the book that means you allready know everything, or you just didn't read it with your eyes open. No hard feelings.

Well, I don't know about that. If you learn nothing from Kiyosaki's books it's probably more because you are not absolutely clueless when it comes to the stuff he talks about. And if you're not absolutely clueless, you probably realize that your time is better spent learning from people who don't write ten books in order to give one chapter's worth of real value, people who don't take advantage of mlm'ers gullibility and hopes, and people who don't need a gimmick so bad that they have to make up stories about their past and how many dads they had.

[Niki]

If you learn nothing about the book, you are overlooking something imo. But hey, you have it your way. I'll have it mine.

[Matthew Haupt]

I'm with Niki on this one. I agree that Kiyosaki may not have been COMPLETELY forthcoming about every tax law but RDPD is clearly an introductory book, not the final word on all these concepts, and, in my opinion, is more of a motivational tool than anything else. But he IS correct in that you can deduct trips to Hawaii, for various reasons, and its not too hard to take some pictures and document your time spent there for your tax records. I hope to be doing just this later this year to meet with some clients I have out there and do some continuing ed, actually.

You know, I think another issue can be raised here: Is naysaying a negative act, but sometimes a necessary evil to expose ugly truths? Or is it better to just look for the positive messages that resonate with you, and ignore the parts that do not? When you find something someone has said that you think is a lie, do you tell everyone about it or do you let it go? Truth resonates with people who are ready for it. Deception only resonates with those who want to be deceived. What do you think?

[Key2Wealth]

I have read many of Robert Kiyosaki's books and I have found them very easy to read. I have also listened to him talk a couple times and he does say that you should check with your accountant concerning the tax laws where you live. I know that some of the strategies that Kiyosaki uses or discusses do not work where I live because our tax laws are different.

Kiyosaki's books may or may not provide any new information to the reader depending on the reader, actually most of the books that are written by any one are about the same subject that some body else has already written about, just in a different way. We are all different and we do not relate the same way to the same authors.

There are very few books that I have read that I have not learned or relearned something that has more than paid for the price of the book.

It has been my experience that you always want to check with your accountant about the local tax laws before making a different types of investment.

Some of my favorite books are "Think and Grow Rich", "First Things First", "The Wealthy Barber", 7 Habits of Highly Effective People", "E-Myth", "The Richest Man in Babylon"
There are so many good books to read depending on your interests.

To your wealth
Lee Stuckey

[DavidDavidDavid]

You folks are taking this stuff way too seriously.

It's nothing more than entertainment for businessmen...something for the flight back home since you can't pack that stripper with you for a lap-dance on the plane.

I like Kiyosaki, and Trump is entertaining too (Gerber either is a terrible writer or has a terrible ghost-writer: felt like fourth grade reading comprehension class). But they are as close to a business sensibility as "Quake" is to Army infantry combat -- just barely.

I was in a cult when I was a teen so I recognize all the "tricks of the trade"...again, I really enjoy these guys, but they're entertainment. But when you start thinking the stripper's really in love with you...oh boy....

[Lunatic]

Niki, to continue to waste your time explaining your views to someone who is as closed minded as him is worthless. I've read quite a few books by him, Micheal Gerber, Donald Trump, Stephen Covey, etc. I don't remember any "brand new concepts" in any of them. Maybe the Onion would like to share some of his "brand new concepts" with us? Well, Onion?

You really have to be careful when you see people start attacking other people like that. Especially people they don't even know personally. That tells you about a persons character.

By the way, there isn't anything in his book that is illegal. What he says about business trips are true. Every year in my industry they have a "World of Concrete". Why do you think it's either in Las Vegas, Orlando, etc. Is that because they only place concrete in those areas? Why not have one in Shawnee, Kansas? Or Jackson, MO?

If you guys would do your research on what deductible expenses are, and what they aren't, you would find that most of what you said is wrong.

By the way after reading his article, he's hell bent on proving there wasn't any "Rich Dad"? Hasn't he heard of anyone telling a story to illustrate a point. I wonder if he got mad when he found "Star Wars" wasn't really shot in space? This guy has jealousy and envy, screaming out of every pore of his body....

[Niki]

ah damn, I thought star wars was real :-(

[stevedevane]

I have not read the book in question, but allow me to share an experience with a book I expect is similar, "Think and Grow Rich," by Napoleon Hill. The first time I read it, I thought I'd wasted my time. It was kind of off-the-wall for me. Then a couple of years later I started reading it with a group of other people who discuss each chapter weekly. I was amazed at how much I got out of it the second time through. Now I'm about to start my fourth reading. I always learn something of value from every chapter. The book didn't change, but my approach to it did. I expect if you're trying to find something wrong with that book or the others mentioned, you'll be successful. On the other hand, if you approach it with an open mind seeking what truth you can find, I think you'd be successul, as well.

[Millbyff]

I think DavidDavidDavid is right that this book is entertainment. The book does have some good basic information but as far as providing real value, its lacking.

But lets step back a little.

What I learned from the book was that Robert, a best selling author, and Donald, an international brand success, needed each other. Robert needed the association recognition of writing a book with the Donald. Donald saw an oportunity to cash in on Roberts book success. It was a win/win.

I really can't imagine that either one worked on this book for more than 8 hours. (wow, I wonder what they made per hour on this?)

So the book reminded me that no man(or woman) is an island. I need to look for opportunities with others that would benifit both parties. Although, I would hope to provide a product with a little more value.

[DavidDavidDavid]

Millbyff: Yes, it's probably the most useful thing in life, to learn to take a "meta" view of things...don't take such books literally -- because they are entertainment and don't really "teach" much of anything -- but look at such books from a meta-level and *learn* *about* "entertainment" and how that relates to *selling*....

[lifeforce]

Robert Kiyosaki. I don't care if he is a fraud or not. I first heard a soundbite where he explained the four quadrants. Rich dad poor dad was the book that started a chain reaction that sparked my interest in personal development and financial abundance. It seperated me from the heard mentality 95% of the planet is stick in.

[Patpre]

I have read a book about "Think rich" an affirmative book. I guess this one will help people who wants to be rich.