In fact, when Robert Kiyosaki’s name was first mentioned here, I posted a message which was pretty favorable to his ideas, in spite of his pro-MLM writings.
His credibility has waned somewhat in my eyes as a result of all the things I’ve read about him and his work since then.
One thing I believe he writes
about is his feeling that a house is not an asset, but a liability, because of all the money that must be put into it – from the mortgage to maintenance. At first, I thought that was an unusual idea with some merit.
I have since reached the conclusion that his assessment of home ownership is not correct. Yes, the mortgage is an expense, and painting the house is an expense. All those other maintenance and upgrade costs are expenses, too. But the house, ITSELF, is an asset. It CERTAINLY isn’t a liability – unless, of course, it’s on fire with you in it!
Those things that enhance your lifestyle, in a real way, are assets. Liabilities are those expenses that do not enhance the way you live. Heating your home is an asset. No, it does not make money for you, but who cares when it’s 20 degrees outside!
His view of assets (things that earn money for you) and liabilities (things that don’t) seems a bit one-dimensional to me, now.
And, unfortunately, that may be one of the reasons he appeals to MLM organizations.
I actually just got done reading Rich Dad Poor Dad, and I like it a lot. It made a lot of sense.
…However, when I read the paragraph where he said you should join a multi-level marketing company, I got real distant, and almost stopped reading. …But, I am open minded, and I do know how to take into effect the good thing, and filter out the bad. …And since then, things are really starting to shape up!
just thought I would share!
they just have so many stores. there are 2 within 4 miles of my house and they fought to add another—claiming different zip codes make them necessary. I just find going there too much of a hassle to find what I want, get through the store and actually check out.
Costco is perhaps 8 miles away, but getting into the lot and leaving is worse than being in a church parking lot after mass.
I do shop at Bj’s, but it is near the Home Depot and we need to go there quite a bit.
I shop local whenever I can, I see it as a punishment if I must go to the mall. The rule here is if I can’t find it at the beach, then I don’t need it.
But I’ll question whether I actually ever told someone they should feel badly for shopping there. What I was trying to do, was to show that there are implications for the purchase decisions we make. A lot of folks don’t think about it, and only look to the best price for some product they want. That’s not good or bad; it’s merely human behavior. Path of least resistance. I was trying to broaden the scope to show that there are other issues involved, and those additional issues can, and have, and may continue to cost us money. Those costs are harder to see, but they’re there. Once folks have that information, then they can make educated decisions about where to shop, and what the results or implications will be or will likely be.
As for whether that conversation is appropriate on this list, well, maybe there would be some disagreement on that point. I think of it in terms of being somewhat parallel to the benefits/drawbacks of using credit cards. Sure, the credit card is easy, convenient, and popular. But we’re all here because we’ve each started to learn that there are multiple disadvantages to relying on them as a purchasing tool. Some folks never get into trouble with them. Some folks get into a lot of trouble with them. Many are in between. But no one, looking at the numbers, can say there’s no cost. DR, bless him, gave us those numbers and helped us see “the big picture” when folks use them. Similarly, some folks do all their shopping at big-box stores like Walmart, and never think twice about the implications. I’m saying that there are implications, to them and to their families and their communities. I’m also reminding folks that there are alternatives, which may have dramatically different implications. What any given person does with that information is ultimately up to them. But at least now they know.
Maybe I came on too strongly. Some folks in towns where these box stores have devastated the local economy, would say I haven’t been strong enough. I was trying to chart a middle-of-the-road approach. If I failed in that, then my apologies.
I do have to say I really like Sam’s, but having never had the opportunity to visit a Costco or a BJ’s Wharehouse (they’ve never been in my areas at the time I’ve lived in whatever locale I may have been at the time), so I’ve nothing to compare it to. Something that worked out rather well for me with my Sam’s membership happened last year. My son was in college in the Upper Peninsula of Michigan. He needed to move out of his dorm and found an apartment. I wasn’t able to drive the nine hours north to help him shop to outfit his new place, so I went online to Sam’s and ordered all his furniture, pots and pans, utensils, lamps, etc., etc. to outfit his new place. Sam’s delivered everything to his apartment quickly, and my son was a happy camper, and I was relieved we could get things taken care of immediately for him. I don’t think I’d furnish my home for myself this way, but for a 21 year old kid? He was thrilled!
to see what they’d have for what I need, and I may very well give them a go. I like working with mom-n-pop small businesses, but not when they won’t return my phone calls. The Maverick website looks like they’d have my labels for me very quickly, and I might even be able to use very close to the design I wanted anyway.
Hope your day gets better. I agree with others that the anniversary of losing one’s mom has gotta be a black spot on the calendar. Be good to yourself today, in whatever way works best. We’ll still be here when you get back.
Even when it’s not your fault, you may still get sued. Our society is just too sue happy these days. A person may be legitimately at fault, and even ticketed, but still sue the other person just because they can. Doesn’t mean they’ll win but you never know. Also with being a business owner we have gotten an umbrella policy as DR recommends everyone to have. It picks up where your other insurance leaves off. I can’t remember how much we got but it was significant (to us) but costs little compared to the coverage we got.
Now I’m conflicted between the Carb Carb or the Paleo menu.
I know I can do fairly well on low carb but I struggle to lose weight, regardless of what I do or don’t eat.
Soooo….. do I choose slow cooker or low carb or paleo…hum
I have a few days to choose.
Donald – you know me fairly well – whatcha think??