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  • Entrepreneurs

    Rich Dad Poor Dad - How to invest in yourself

    Thanks to the SL thread I started watching some of Robert K's videos on Youtube - this 46mins video was quite insightful on the mindset change required in order to free oneself.....

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    Read his book in I think the 1990s and it changed my life

    The principles are the same as they have always been

    But in the UK Taxation and lending has changed such a lot

    You can still do it but you need a lot more of your own cash to make it work

    But if you stick with it you can do it.

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Yeah he is amazing DL, I actually prefer his older print of RDPR to the new one. It is such a powerful book. I wish I read it 20 years ago.

    If you fancy another recommendation I read Simple Wealth, Inevitable Wealth by Nick Murray (the edition printed after the credit crunch), it was recommended by Pete Matthews who does the meaningful money podcast as his best book recommendation. I found his explanation of share funds really interesting, it is the first time anyone has really explained shares in a way that makes me understand the power of them, I have decided to start investing for the long term in a FTSE fund.  He basically outlined that top companies will outperform inflation in the long term.

    I think the reason it struck such a note with me is because it followed on from the knowledge I got from a book recommended by Kiyosaki 'Grunch of Giants'.  This was written in 1981 by R Buckminster Fuller who said in essence that big companies will get bigger and bigger, the name stands for 'gross unviersal cash heist', another great read and it is coming to fruition.

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