A practical use for Rich Dad, Poor Dad (LONG) - Posted by soapymac
Posted by soapymac on June 02, 2000 at 09:11:52:
Jim Rayner, as posted below, has outlined the value of RK?s books and game series; I?ll add no more to his post except to emphasize one of the benefits he mentioned.
In playing “Cashflow,” it does get a family to talking about finances. My son lives in Australia with his wife. On his last visit home, Shirley (my wife) and I asked him want he wanted for a present. One word: “Cashflow.”
He was due to come home in April (he is a missionary with Youth With A Mission,) so we asked him if he could wait until then to get the game. He said “Perfect.” When he came home, we spent many a night getting out of “The Rat Race.” He learned more about finances. He learned more about his mom and dad?and in the context of a GAME, we were able to teach him financial lessons that will last him a long time.
That is just one use of Kiyosaki?s material. Here is another.
Some time back, I asked for and received permission from JP to post a series of articles entitled “Determining Net Worth.” The responses to that series was very heartening. In the series, I showed a practical, step-by-step method for discovering the amount of money we ALL dribble away?money that could be redirected to REI.
In fact, that series was the start of a ministry for me. I know, I know?this is a board about real estate investing, not religion. I mention this just to recall to your remembrance that we have other segments to our lives. Bud Branstetter?s posts about “business or compassion” prove the point. Ed Garcia?s “Thought for the Day” and his willingness to educate us through his posts prove the point. Terry and JP?s willingness to make the investment that keeps this board running proves the point.
Last item, then I?ll get off my soapbox (now you know why my nickname is “soapymac.”) There is a young lady living in our apartment complex who has been blind since birth. She has been taken advantage of by strangers and financially cheated by friends and family. Her TOTAL income (all supplied by the state) is just over $1,000 per month.
Because of the “other side of the coin” that Kiyosaki presents, which led to the contribution of the Networth Series, she was able to rearrange her income stream. By the end of this year, she will be totally debt free from the obligations she is responsible for?because of the selfish advice she received from her “friends.”
All because I read a series of books.
Off my soapbox now?love to you all.