Page 1 of 2 12 LastLast
Results 1 to 30 of 51

Thread: Even Rich Dad, Poor dad auhor becomes a poor dad

  1. #1
    Junior
    Join Date
    Sep 2008
    Posts
    2,660

    Default Even Rich Dad, Poor dad auhor becomes a poor dad

    Rich Dad, Poor Dad now a bankrupt dad: Best-selling author files for corporate bankruptcy after losing $24m judgement:

    http://www.dailymail.co.uk/news/arti...judgement.html

  2. #2
    Senior
    Join Date
    Apr 2009
    Posts
    5,841

    Default

    corporate bankruptcy doesnt mean he is a bankrupt, it is just one of his many companies

  3. #3
    Singapore = $ingapore iwantgizmos's Avatar
    Join Date
    May 2010
    Posts
    518

    Default

    Quote Originally Posted by dtrax
    Rich Dad, Poor Dad now a bankrupt dad: Best-selling author files for corporate bankruptcy after losing $24m judgement:

    http://www.dailymail.co.uk/news/arti...judgement.html
    oh my gosh!

  4. #4

  5. #5
    Senior
    Join Date
    Jul 2009
    Posts
    7,482

    Default

    One more lesson from rich dad, be honourable to you family and friends. Take care of them and they will take care of you.

  6. #6
    tweet @condoexchange carbuncle's Avatar
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    rich dad
    poor dad
    bankrupt dad

    sugar dad

  7. #7
    Music of the night phantom_opera's Avatar
    Join Date
    Feb 2011
    Posts
    8,926

    Default

    Those that bring u fame can also bring u shame
    Ride at your own risk !!!

  8. #8
    Senior
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    We are human afterall.

  9. #9
    Senior
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    That is a smart move. Just like what happen to all the developers who will set-up individual company to build houses. Any legal tussle will not affect the parent company.
    Quote Originally Posted by Regulators
    corporate bankruptcy doesnt mean he is a bankrupt, it is just one of his many companies

  10. #10
    Junior
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    Quote Originally Posted by kane
    One more lesson from rich dad, be honourable to you family and friends. Take care of them and they will take care of you.
    Totally agree. Do not sabo people or wish them worse.

  11. #11
    Senior
    Join Date
    Apr 2009
    Posts
    5,841

    Default

    That is called separate legal entity
    Quote Originally Posted by DC33_2008
    That is a smart move. Just like what happen to all the developers who will set-up individual company to build houses. Any legal tussle will not affect the parent company.

  12. #12
    Senior
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    Thanks!
    Quote Originally Posted by Regulators
    That is called separate legal entity

  13. #13
    Music of the night phantom_opera's Avatar
    Join Date
    Feb 2011
    Posts
    8,926

    Default

    it is the end of his career ... this kind of sell book author, most important is reputation / image ... it is worthless

    frankly speaking there is nothing special about his books, he simply put investment 101 into an interesting brand called rich dad, poor dad

    in fact, I have read 10X much better investment theory for free ... if you even can understand it

    but at the end, it is the execution that matters, you have to put the theory to work
    Ride at your own risk !!!

  14. #14
    Senior
    Join Date
    Nov 2008
    Posts
    9,217

    Default

    It also depends on the timing of executing his theory. I am glad that I have benefitted from it.
    Quote Originally Posted by phantom_opera
    it is the end of his career ... this kind of sell book author, most important is reputation / image ... it is worthless

    frankly speaking there is nothing special about his books, he simply put investment 101 into an interesting brand called rich dad, poor dad

    in fact, I have read 10X much better investment theory for free ... if you even can understand it

    but at the end, it is the execution that matters, you have to put the theory to work

  15. #15
    Music of the night phantom_opera's Avatar
    Join Date
    Feb 2011
    Posts
    8,926

    Default

    Quote Originally Posted by DC33_2008
    It also depends on the timing of executing his theory. I am glad that I have benefitted from it.
    isn't timing part of any investment theory so he never talks about timing lol

    in day trading, timing is everything, in HFT, timing is in terms of nanoseconds

    his is not even theory ... theory must be something fresh and profound
    Ride at your own risk !!!

  16. #16
    Senior
    Join Date
    Apr 2009
    Posts
    5,841

    Default

    Why would his reputation get hurt just because one of his many company folds? Company liquidation is an everyday affair and he sees no point paying up $26 million and if he can save on that amount and continue with his book business elsewhere, why not? I think anybody would do the same.

    Quote Originally Posted by phantom_opera
    it is the end of his career ... this kind of sell book author, most important is reputation / image ... it is worthless

    frankly speaking there is nothing special about his books, he simply put investment 101 into an interesting brand called rich dad, poor dad

    in fact, I have read 10X much better investment theory for free ... if you even can understand it

    but at the end, it is the execution that matters, you have to put the theory to work

  17. #17
    Junior
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    I agree with phantom on execution. Seen too many people with so much solid theory but
    1. Procrastinate
    2. Dare not execute
    3 the most sad is no money to execute.

    The last is really a sad case. That why I told myself, must earn big bucks first, then can start playing. But life is a mockery on its own. We control our destiny.

    I actually enjoy phantom's post. Very mind provocative.


  18. #18
    Junior
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    Quote Originally Posted by Regulators
    Why would his reputation get hurt just because one of his many company folds? Company liquidation is an everyday affair and he sees no point paying up $26 million and if he can save on that amount and continue with his book business elsewhere, why not? I think anybody would do the same.
    It is so common in us to file chapter 7 and chapter 11.

    In this case chapter 7 in my opinion is the best!

  19. #19
    Music of the night phantom_opera's Avatar
    Join Date
    Feb 2011
    Posts
    8,926

    Default

    Quote Originally Posted by chestnut
    I agree with phantom on execution. Seen too many people with so much solid theory but
    1. Procrastinate
    2. Dare not execute
    3 the most sad is no money to execute.

    The last is really a sad case. That why I told myself, must earn big bucks first, then can start playing. But life is a mockery on its own. We control our destiny.

    I actually enjoy phantom's post. Very mind provocative.

    mindfcuked .. not provocative

    Close your eyes,
    let your spirit
    start to soar!
    Ride at your own risk !!!

  20. #20
    Property Newbie
    Join Date
    Oct 2010
    Posts
    2,094

    Default

    WTF?? pretty shocking news

    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  21. #21
    Property Newbie
    Join Date
    Oct 2010
    Posts
    2,094

    Default

    Quote Originally Posted by chestnut
    It is so common in us to file chapter 7 and chapter 11.

    In this case chapter 7 in my opinion is the best!
    Care to give a brief details about these two chapter in singapore?

    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  22. #22
    Music of the night phantom_opera's Avatar
    Join Date
    Feb 2011
    Posts
    8,926

    Default

    In order to show this Robert Kiyosaki book is not worth much, let me give u an example quote from George Soros:

    "Unfortunately, the more complex the system, the greater the room for error."
    "The hardest thing to judge is what level of risk is safe."

    ... if you apply the above quotes to Singapore property market right now which is very complex due to CMs and MAS ruling ... then you should pay attention to the 2nd quote

    Enough said ... tCSS:

    You with the sad eyes
    Don't be discouraged
    Oh I realize
    It's hard to take courage
    In a world full of people
    You can lose sight of it all
    And the darkness there inside you
    Makes you feel so small

    But I see your true colours
    Shining through
    I see your true colours
    That's why I love you
    So don't be afraid to let them show
    Your true colours
    True colours are beautiful,
    Like a rainbow
    Ride at your own risk !!!

  23. #23
    Junior
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    Quote Originally Posted by phantom_opera
    mindfcuked .. not provocative

    Close your eyes,
    let your spirit
    start to soar!
    This part I have been doing. Sometimes people get too much conflicting info and getting confused. So the analytical part is not honed enough. The worst is when things changes and they refuse to align.

    But I have true respect on your capability to find info and digest it. Not many have this ability because of laziness.

    Cheers


  24. #24
    Senior
    Join Date
    Apr 2009
    Posts
    5,841

    Default

    Actually a lot of these books are saying almost the same stuff, rich dad is just saying it from a different perspective.

    Quote Originally Posted by phantom_opera
    In order to show this Robert Kiyosaki book is not worth much, let me give u an example quote from George Soros:

    "Unfortunately, the more complex the system, the greater the room for error."
    "The hardest thing to judge is what level of risk is safe."

    ... if you apply the above quotes to Singapore property market right now which is very complex due to CMs and MAS ruling ... then you should pay attention to the 2nd quote

    Enough said ... tCSS:

    You with the sad eyes
    Don't be discouraged
    Oh I realize
    It's hard to take courage
    In a world full of people
    You can lose sight of it all
    And the darkness there inside you
    Makes you feel so small

    But I see your true colours
    Shining through
    I see your true colours
    That's why I love you
    So don't be afraid to let them show
    Your true colours
    True colours are beautiful,
    Like a rainbow

  25. #25
    Junior
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    Quote Originally Posted by roly8
    Care to give a brief details about these two chapter in singapore?

    Bro, this is us law.

    7 go straight to bankruptcy

    11 prevention of bankruptcy

    Above in a nut shell

  26. #26
    Music of the night phantom_opera's Avatar
    Join Date
    Feb 2011
    Posts
    8,926

    Default

    Quote Originally Posted by Regulators
    Actually a lot of these books are saying almost the same stuff, rich dad is just saying it from a different perspective.
    Americans are Master in Marketing ... 1+1=2 also can sell

    Creative came out with MP3 player b4 Apple ...but it does not understand nor has the means to marketing or cult following
    Ride at your own risk !!!

  27. #27
    Junior
    Join Date
    Nov 2008
    Posts
    3,812

    Default

    Quote Originally Posted by phantom_opera
    Americans are Master in Marketing ... 1+1=2 also can sell

    Creative came out with MP3 player b4 Apple ...but it does not understand nor has the means to marketing or cult following
    APple spoke w creative but creative ignored them. Sad

  28. #28
    Property Newbie
    Join Date
    Oct 2010
    Posts
    2,094

    Default

    Quote Originally Posted by chestnut
    Bro, this is us law.

    7 go straight to bankruptcy

    11 prevention of bankruptcy

    Above in a nut shell
    ok..

    bro, your nick always remind me of my grandma's relatives who live in chestnut drive bungalow..

    really big bungalow...

    love it! but too big also.. lol
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

  29. #29
    Senior
    Join Date
    Apr 2009
    Posts
    5,841

    Default

    Americans are always selling a dream, that is why it is called the American Dream

    Quote Originally Posted by phantom_opera
    Americans are Master in Marketing ... 1+1=2 also can sell

    Creative came out with MP3 player b4 Apple ...but it does not understand nor has the means to marketing or cult following

  30. #30
    tweet @condoexchange carbuncle's Avatar
    Join Date
    Mar 2012
    Posts
    4,990

    Default

    Quote Originally Posted by phantom_opera
    Americans are Master in Marketing ... 1+1=2 also can sell

    Creative came out with MP3 player b4 Apple ...but it does not understand nor has the means to marketing or cult following
    Creative SoundBlaster had cult following ...

Page 1 of 2 12 LastLast

Similar Threads

  1. Rich Dad, Poor Dad.
    By Arcachon in forum Coffeeshop Talk
    Replies: 0
    -: 19-08-15, 05:55
  2. Uproar over NY condo with entrances for rich and poor
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 01-09-14, 18:44
  3. Asset-rich, cash-poor retirees speak up
    By ecimbew in forum HDB, EC, commercial and industrial property discussion
    Replies: 39
    -: 05-12-13, 13:07
  4. Govt 'will look out for asset-rich, cash-poor'
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 7
    -: 23-11-13, 01:21
  5. Rich-Poor Divide: What Would You Do? (Anon Poll)
    By gfoo in forum Singapore Private Condominium Property Discussion and News
    Replies: 40
    -: 18-11-09, 12:58

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •