Rich Dad, Poor Dad had the same impact on me, initially

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.

Rich Dad Poor Dad

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!

Well, anyway,
just thought I would share!



I’ll take responsibility for changing the course of the conversation

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.

Actually—you don’t have to “check out” in the normal sense

You just go to the membership desk and let them know the name you ordered under.

They get a paper with your order and they scan your membership card and then a barcode on the paper and the order loads into the register. Then you pay right at the membership desk.

The order is already in a cart ready for you to go locked up in “the cage” which someone gets out while membership is taking care of your payment.

IF you already paid online—you still stop at membership to pick up your receipt.