Copenhagen; Rich Dad Poor Dad workshop

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FBeyer
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Copenhagen; Rich Dad Poor Dad workshop

Post by FBeyer » Thu May 26, 2016 6:58 am

Just wanted to let all the fellow Danes (seeing as the current influx is significantly higher than it used to be) know that there is a (actually 3 in total) supposedly free RDPD workshop in copenhagen. 15,16 and 18th of June.

http://int-events.richdad-workshops.com/

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Dragline
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by Dragline » Thu May 26, 2016 7:23 am

Be careful of those -- the principal purpose of these events is to up-sell you on a product or program.

Not as bad as "free" trip with a sales job on a timeshare, but probably similar to "free" dinner offered by financial planners or trust attorneys.

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FBeyer
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by FBeyer » Thu May 26, 2016 9:05 am

Yeah, I believe my words to my GF were: I wonder what they'll try to sell us.
Keeping your ears open and your wallet closed might not a harmful approach. I'm not sure I'll attend any way,since I'm up to my ears n construction and studies, but someone else might want a boot up on how to approach their 'new' lifestyle.

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C40
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by C40 » Thu May 26, 2016 11:42 am

he was on a podcast pretty recently. The guy is an asshole. He wouldn't answer many questions or share many stories. He would just say "well, buy my book. It's in there". He's just going to try to sell books at the workshop.

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Sclass
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by Sclass » Fri May 27, 2016 4:37 am

Also make sure RK will actually show. I followed his group in 1999 with my then GF. We went to the classes. No RK. Just his coauthors. Lotsa up sell for next classes.

My GF actually bought the up sell. We had the games, videos, cassette tapes and whatever else she could afford. I started protesting her purchases around 2000. I could see what RK was doing. In his books he keeps on saying you need to get passive income from copyrighted material. He was doing just that to us. Comments like "if you cannot find the leverage you are the leverage" were missed by my GF. She never realized she was spending her hard earned money as a fish and never got what she wanted. She is still poor and middle class (RK's definition) the last time I checked. Never bought an apartment house even though she bought the Dolf DeRoos rental analysis software. Argh.

Hey, that being said the first book contains most of the good info like don't waste your money on baubles and invest for the future. The rich have a ten year plan, the poor have a 15 day plan etc.. Excuses are lies we tell to ourselves. But you're here so you already know that.

RDPD was a good book that shook me up enough to make me wake up and see some of the lies most people live. I guess I can trace the start of my upward trajectory back to the day somebody slipped me a copy and said "read this, it's really different". I did get richer after reading it. But the classes and tapes were a waste.

That being said don't get ripped off on the RK training. There is a scandalous history around the classes and the fleecing of dumb people who signed up. It got really predatory in the mid 2000s. There was a big lawsuit I recall. If you read book one and understand how you fit into his game you are way ahead of the dumb fish signing up for his expensive "coaching" classes trying to dream about they're gonna be rich even though they're dumb and uneducated (because RK told them so).

I shared the first book with a friend who asked "hey SClass, he tells you to go out and get passive income and outta the rat race but he doesn't say exactly how...so where is the how to instructions?" I answered you just bought it. You are his how. Get it? It's actually beautiful.

Have fun. It has been a long time since I attended one of those free seminars. I need to google my ex to see where she is.

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Sclass
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by Sclass » Fri May 27, 2016 4:54 am

Sclass wrote: . I need to google my ex to see where she is.
Ah yes, still living with her dad. I love the Internet.

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FBeyer
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by FBeyer » Fri May 27, 2016 4:58 am

Sneaking suspicion confirmed. For now I guess I'll get back to developing my marketable skills rather than my frugal/investing skills :)

PS: I usually google new people from Denmark to see if they as easy to find as I am. The internet is a crazy crazy place. :|

JamesR
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by JamesR » Sat May 28, 2016 7:24 am

I don't think the materials are without value. I think it's more like a gym membership model. Those that consistently work their butt off and take risks will get value out of it.

The lazy ones will just keep spending money looking for an idiot proof 'how to' plan that they can follow mindlessly to make millions. But that means they're ignoring the fact that there's going to be a competition around any shared strategy, and that they still need to work their ass off to exploit it at all.

mfi
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by mfi » Sat May 28, 2016 8:21 am


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BlueNote
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by BlueNote » Sun May 29, 2016 2:12 pm

I read this book once because it was one of the only english language books in the Osaka library branch near my apartment at the time. I thought that anything good in the book could be learned from a basic book on accounting (i.e. difference between assets and expenses, language of business).

At the time I remember googling RDPD and one of the first results was this absolutely withering critique (the author does use his critique to sell his own book btw):



Despite the marketing he baked into his critique I find that most of the aforementioned critics points are dead on.

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Sclass
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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by Sclass » Sun May 29, 2016 9:31 pm

The first book is a marginal investing book. It is a marginal accounting book.

But there was something in there that sparked me on. It was the message of "most people are wrong and here is why." It confirmed a lot of my suspicions of why most people cannot build wealth even if they earn good income. RK says to get rich you have to change how you think about money. He emphasizes how it's a psychological problem. This is where the book stands out. As a guide to investing it's laughable.

I like to think of it like books about weight loss. You can read books about what to eat and how to exercise but if you're an obese person you probably have some underlying self control issues or addiction issues. The brain has to get straightened out first.

RK struggled with his weight for years. Look at his evolution in google images over the last 16 years. He actually compares getting into physical shape with getting into financial shape in his books. It's funny but the parallel is there. So I see the book as more of a self help book for people who need to get straightened out mentally. His message to take control of your actions and stop lying to yourself are priceless.

RK is quick to point out money alone won't straighten out a poor person's attitude about money. This was pretty novel...well for me at least. I'd not come across this approach before. Giving my half sister a salad won't make her skinny.

But as I said, you're here. You're probably way beyond RDPD on the path to financial enlightenment.

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Re: Copenhagen; Rich Dad Poor Dad workshop

Post by Farm_or » Thu Apr 13, 2017 9:19 am

He says himself in a portion of the book that it was not the best financial book written. But it was a best "seller"! That is an important theme in the book- selling.

It's not gospel, but there is a lot of valid information. The whole story appealed to me because I had a poor union guy dad and a rich Chinese dad (off the boat) examples when I was a kid. Learn from the good, discard the rest.

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