Comments on: Best Comments on My Personal Finance Library http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/ Common sense advice on money saving tips, how to get out of debt, high interest savings accounts, cd rates, money market accounts, mortgage rates, money management and more. Tue, 18 Jun 2013 20:54:56 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Ryan Lawson http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-81083 Ryan Lawson Tue, 13 Mar 2007 11:20:10 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-81083 Robert Kiyosaki is a fraud and so are 99% of his ideas and ramblings. If you don't believe me check out John T. Reeds article: http://www.johntreed.com/Kiyosaki.html Robert Kiyosaki is a fraud and so are 99% of his ideas and ramblings. If you don’t believe me check out John T. Reeds article: http://www.johntreed.com/Kiyosaki.html

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]]> By: Bernard http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-81060 Bernard Tue, 13 Mar 2007 01:21:29 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-81060 Whether a book is great or not is very subjective. A book that can have impact on your life, whether thick or thin, is a great book. What one don't like can be a great book to another. Whether a book is great or not is very subjective. A book that can have impact on your life, whether thick or thin, is a great book. What one don’t like can be a great book to another.

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]]> By: rohit chaube http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-80969 rohit chaube Sun, 11 Mar 2007 20:13:06 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-80969 the list of 25 books has been an awesome source not only to make it as a starting point to learn about personal finance but also nice platform to revisit ones finances and fill in the leaks if any. The importance of personal finance is not addressed in school and colleges as much they should. However Books, blogs and forums form nice platform to discuss about them and seek knowledge and guidance. Once again thanks Get Rich slowly, keep up the good work the list of 25 books has been an awesome source not only to make it as a starting point to learn about personal finance but also nice platform to revisit ones finances and fill in the leaks if any. The importance of personal finance is not addressed in school and colleges as much they should. However Books, blogs and forums form nice platform to discuss about them and seek knowledge and guidance.
Once again thanks Get Rich slowly, keep up the good work

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]]> By: Gaming the Credit System http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-80968 Gaming the Credit System Sun, 11 Mar 2007 20:01:53 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-80968 The "entrepreneurship is the way to get rich" idea is also the major thrust of the Kiyosaki books, IMO. If you take away just one lesson from RDPD, it should be that one. I am on my 4th RK book now and will probably write about the RK philosophy (which, IMO, is slammed mostly by those who haven't actually read the books) soon. I don't care if the "Rich Dad" story is a pure fable. The ideas behind it (like the morals to old fables) are solid and really get you thinking about your own life and how you manage your money. "Rich people make their money work for them, poor people work for their money" is such a simple idea yet very powerful if you use it it to analyze your life and the balance sheets and income statements that RK talks about endlessly. Also, I would say that the RK books are for people who want to be wealthy. Not "retire with a million dollars in the bank." That's security, not wealth. I'm talking about people who want to have a million dollars in the bank by the time they're 35, and who would consider themselves "just getting started" at that point. This is an altogether different goal from the "secure retirement" goal in most personal finance books. The “entrepreneurship is the way to get rich” idea is also the major thrust of the Kiyosaki books, IMO. If you take away just one lesson from RDPD, it should be that one.

I am on my 4th RK book now and will probably write about the RK philosophy (which, IMO, is slammed mostly by those who haven’t actually read the books) soon. I don’t care if the “Rich Dad” story is a pure fable. The ideas behind it (like the morals to old fables) are solid and really get you thinking about your own life and how you manage your money. “Rich people make their money work for them, poor people work for their money” is such a simple idea yet very powerful if you use it it to analyze your life and the balance sheets and income statements that RK talks about endlessly.

Also, I would say that the RK books are for people who want to be wealthy. Not “retire with a million dollars in the bank.” That’s security, not wealth. I’m talking about people who want to have a million dollars in the bank by the time they’re 35, and who would consider themselves “just getting started” at that point. This is an altogether different goal from the “secure retirement” goal in most personal finance books.

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]]> By: Gwyn http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-80967 Gwyn Sun, 11 Mar 2007 19:59:00 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-80967 Some people do not have a good mindset or inspiration to successfully be their own boss. Logically, this must be so; everyone in the world can't be their own boss or else you'd never be able to expand your own business by taking on more staff. Some people do not have a good mindset or inspiration to successfully be their own boss. Logically, this must be so; everyone in the world can’t be their own boss or else you’d never be able to expand your own business by taking on more staff.

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]]> By: brad http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-80946 brad Sun, 11 Mar 2007 12:30:33 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-80946 Brundlefly76's comment that "self-employment is so much more lucrative [than]employment that statistically it actually carries less risk [than] being employed" is a very broad generalization that probably applies only to certain types of work. I actually had the opposite experience: my income quadrupled when I dumped my own business and went to work for someone else. Maybe that's because I wasn't good at being my own boss, but I know a few other people who've had similar experiences. It's not always a safe bet that you'll earn more money by striking out on your own. Brundlefly76′s comment that “self-employment is so much more lucrative [than]employment that statistically it actually carries less risk [than] being employed” is a very broad generalization that probably applies only to certain types of work. I actually had the opposite experience: my income quadrupled when I dumped my own business and went to work for someone else. Maybe that’s because I wasn’t good at being my own boss, but I know a few other people who’ve had similar experiences. It’s not always a safe bet that you’ll earn more money by striking out on your own.

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]]> By: jamesonandwater http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-80927 jamesonandwater Sun, 11 Mar 2007 03:17:41 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-80927 Wow, there are plenty of begrudging and suspicious comments over there. Some people must see sharks around every corner. Good job staying polite. Wow, there are plenty of begrudging and suspicious comments over there. Some people must see sharks around every corner. Good job staying polite.

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]]> By: J.D. http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-80920 J.D. Sat, 10 Mar 2007 23:07:02 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-80920 Heh. That's one way to look at it, I guess. For me, that's how I define "perfect", and unfortunately, I'm not aware of a "perfect" personal finance book. Of course, part of the problem is that personal finance is a broad subject. There may be a perfect book on investing, or on buying a car, or on living frugally, but even so, that perfect book on that one particular subject would have no information about the rest of the field! Heh. That’s one way to look at it, I guess. For me, that’s how I define “perfect”, and unfortunately, I’m not aware of a “perfect” personal finance book. Of course, part of the problem is that personal finance is a broad subject. There may be a perfect book on investing, or on buying a car, or on living frugally, but even so, that perfect book on that one particular subject would have no information about the rest of the field!

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]]> By: JustaDog http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/comment-page-1/#comment-80919 JustaDog Sat, 10 Mar 2007 23:00:14 +0000 http://www.getrichslowly.org/blog/2007/03/10/best-comments-on-my-personal-finance-library/#comment-80919 I figure if I classify a book as "great" then it must be complete and therefore I only need one "great" book. Just think - if you did the same that would be 24 "great" books about the same subject that you would have saved money on! I figure if I classify a book as “great” then it must be complete and therefore I only need one “great” book.

Just think – if you did the same that would be 24 “great” books about the same subject that you would have saved money on!

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