Comments on: Rich Dad vs. Poor Dad Thinking

By: TuShayProductions

TuShayProductions — Sun, 08 Nov 2009 08:36:40 +0000

I highly recommend Rich Dad Poor Dad… and those of you who have read it in the past its a beneficial reread….

Act*Revier*Improve

To your Success,
Shay

By: Omar

Omar — Mon, 12 Oct 2009 23:25:40 +0000

I haven’t read Rich Dad in a long time. I heard the board games are great as well. It does change your mindset when it comes to generating income.

By: Dave Doolin | Website In A Weekend

Dave Doolin | Website In A Weekend — Sun, 11 Oct 2009 15:15:44 +0000

Very hard to break “Poor Dad” habits!

I’ve read this book, you capture it succinctly.

Need to read it again!

By: Sunday Smash Business Tips, Blogging Tips and SEO Tips | The Extreme John Blog

Sun, 11 Oct 2009 14:00:04 +0000

[...] Rich Dad vs Poor Dad Thinking [...]

By: Extreme John

Extreme John — Wed, 07 Oct 2009 02:25:54 +0000

I never heard of this book series before but Im going to have to check it out, I am constantly discussing money and the importance of it and managing it with my son and he also loves to read.

Something good for both of us to check out thank you.

By: Tyrone

Tyrone — Mon, 05 Oct 2009 05:34:18 +0000

Nice conclusion Dias! In short, you’re saying that Poor Dad is all about scarcity thinking while Rich Dad is all about abundance thinking.

I would say, “if there’s a will, there’s a way.”

By: Tyrone

Tyrone — Mon, 05 Oct 2009 05:30:11 +0000

Some of the thinking here were adapted from “industrial age thinking (poor dad) vs. information age thinking (rich dad)”

By: elmot

elmot — Mon, 05 Oct 2009 03:18:25 +0000

I really love this book of Kiyosaki. And I guess at the end of the day, the power lies on your palm…and it is all about our mental power that would steer us either to riches or poverty.

By: Melvin

Melvin — Sat, 03 Oct 2009 12:50:18 +0000

Can’t I follow both path? Well I think it really depends on outside factors and on the situation maybe

By: ark

ark — Sat, 03 Oct 2009 08:33:38 +0000

I have not yet read that book (would you believe it?)

But basing on how influential it become, I know its a good read.

Thanks for sharing those quotes, it feels like I ahve already read it, hehe..

By: Dias

Dias — Fri, 02 Oct 2009 20:26:13 +0000

Hi Tyrone,

I’ve been an avid reader of Robert Kiyosaki and his Rich Dad books. I’ve actually observed and think about his various concepts such as the Rat Race, ESBI and making money for work you and I’ve arrived to a conclusion.

Think and act in ABUNDANCE instead of scarcity.

1. Rat Race- The only reason why we are chasing more income and lifestyle is because we do not create assets to attract wealth in but we chase material possessions and sell our time for money.

2. ESBI- B and I is about creating assets, owning it and letting people running it. E is about working for others’ assets while S is about not being able to stop selling time for money.

3. Making money to work for you- Money is not an end, it is only a means. We work for what we can get out of money not work for money.

Why Rich Dad is able to become rich because he is able to think in abundance, for instance:

Poor Dad says: “Pay myself last.”
Rich Dad says: “Pay myself first.”

Poor Dad says: “I’m not interested in money.”
Rich Dad says: “Money is power.”

Rich Dad thinks that in abundance. By saying ‘pay myself first’, he will think get out of the rat race because he will have more money than others when payday comes. That is abundance.

By saying ‘money is power’, he will think of ways to become rich and slowly move himself to E and I quadrants. That is abundance.

In short, abundance= how you can, ways to do it
scarcity= how you cant, ways to fail at it

By: Zen Foo

Zen Foo — Fri, 02 Oct 2009 15:14:31 +0000

I don’t think rich dad and poor dad have mentioned all those before.. but you certainly capture the essence and value of both of them.