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Agreed. I have never read his books either so have no idea how good they are. Whatever his motivations are - his analysis of Rich Dad Poor Dad is excellent. He supports nearly all the claims he makes against Kiyosaki and the content of the book.

I dislike the Kiyosaki books for all the reasons mentioned above. An interesting read is John T Reed's analysis of Rich Dad Poor Dad. http://www.johntreed.com/Kiyosaki.html Be warned, though, John T Reed has no time for Kiyosaki and rips him and his arguments to shreds in the analysis...

There are several reasons I don't like Kiyosaki's books including: - I didn't learn a single thing that I could apply from the 3 that I read (Rich Dad Poor Dad, Cashflow Quadrant and Rich Kid Smart Kid). He has no strategies that can be followed. There is only the vague sense of "you can do...

Aaron you described exactly how I felt when I read the first section of this thread (and I don't even get to claim any Gen X in me at all). The bit that frustrates me about the mentality is that there is no perception of trade off - most of my friends want a work-life balance AND a great...

Agree with the first point if you have to pay your bills from trading. Don't agree if you're wanting to create long term capital gains. Also agree with the idea that the retail end of town is normally the one left holding the bag in any bubble / fad / "new paradigm" (I love how often that...

+ 1 to nearly everything greedy2000 said. - Totally agree with going for index funds if it's all too much trouble but you still want to invest in the stock market. Beating the market is definitely not as simple as some education providers make it out to be and the low fees associated with...

Hey Pomps, You can't go past Benjamin Graham's 'The Intelligent Investor'. It isn't the easiest book to read (very dry and quite technical) but if you can get through it you will probably learn more from that one book than 20 more 'easy to read' stock investment books. It is a book on...

My apologies - I didn't notice that it was a US show. I just looked up the data and came up with ~270x! Interesting the difference when compared to Australia. As a side note (not wanting to hi-jack the thread) I still have a problem with the data set: To get this result, the panelist must...

I think panelist was quoting outrageous numbers for effect. See a comparison of CEO pay vs. average worker pay below: http://www.rightsatwork.com.au/getattachment/8663093e-0862-466e-8eb2-8803e97428bd/ACTU-Executive-PayWatch-2010.aspx According to the article, in 2010 average CEO pay was...

There really should be some sort of rule about writing one paragraph that big on a message board....

It really depends on how you view this forum. I view it as one of the forums / sources where I get information on investing generally. By that measure - I don't mind it if I'm reading negative or bearish views at all. For example - this forum has one of the most balanced sources of...

Hey CC, There are definitely high paying grad jobs out there (100+ first year out) but these jobs come with some pretty significant trade offs including (but not limited to): - Super long hours (think ~16 hours a day with no consistent weekends off for a couple of years) - Very little job...

Hi Y-Man - is there any room for 2 to hang from the rafters? Gun It

Hey Aaron, I just had to give 3 months pay slips. My broker said they often ask for the last years tax return but in my case they didn't. G

Hi Petal, The negative for C196 and C244 can't be getting bigger because the cells that flow to these (e.g. B243 and E241) have the same values in both instances. I think the error could be that your 'Current balance' does not change between periods. In the first few periods, the ones...

Parts can be very expensive. One of my mates had to fork out $300 for a single windscreen wiper arm because the arm on a BMW's fit on in the opposite way to 'regular' cars so you cant buy a no name brand.

Settlement completed - property up for rent Thanks to all who provided advice and guidance both on this thread and through PMs - I definetely appreciated all of it! Settlement finally completed today with everything going smoothly. I didnt end up advertising it before settlement however an...

I would LOVE to see this happen! Can you imagine the tax boost the country would get every election year as people want to have more of the vote? I wonder how many people would adjust their tax planning in an election year so they get the full 5 votes?! :D

LOL nice Dazz. It would be brilliant if profit motive was the only criteria that drove the government. Would make elections a lot less fun though. As an aside there are (a few) situations where a person with 10 shares is as important as those with 150 million. e.g. For a scheme of...

Deltaberry - absolutely agree with most of what you said. Not with the above point though. If we are to follow that line of argument / logic it would suggest that those that earn more (and pay more taxes) should have more input into how tax money was spent compared to those who earn less...