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Rich Dad Poor Dad...

ankur rathi
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Joined: Oct 11, 2004
Posts: 3830
Hi all,

How is 'Rich Dad Poor Dad' book?

Thanks.
Chetan Parekh
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Joined: Sep 16, 2004
Posts: 3636
I haven't read but it got **** customer review at amazon.

Check Here
[ September 26, 2005: Message edited by: Chetan Parekh ]

My blood is tested +ve for Java.
Arjunkumar Shastry
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Joined: Feb 28, 2005
Posts: 986
I won't call it best but its a good book.It may not be very valid in Indian context.


Namma Suvarna Karnataka
Anand Prabhu
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Joined: Dec 19, 2003
Posts: 299
Originally posted by Arjunkumar Shastry:
I won't call it best but its a good book.It may not be very valid in Indian context.


I read it a few years ago and I concur with your assessment. The book is a good one and I would recommend it to anyone who wants to understand one aspect of personal cash flow management. It is pretty good for beginning investors in US.
Jayesh Lalwani
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Joined: Nov 05, 2004
Posts: 502
It's a good book, but don't use that book for practical investing advice. That book describes an investment "philosophy". So, if you are reading the book to figure out where to invest that 20grand that you have saved, you don't need that book.

I think it can be applied to Indian context too. There are some chapters on how to not get into bad debt, and IMO most Indians don't need that chapter. However, most of the chapters talk about staying in a stable job vs taking risks to get ahead in life. I think those chapters are useful.
Sachin Mehra
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Joined: Jan 07, 2005
Posts: 77
Its a good book. it gives you insight into the thinking process and tells you what to think or rather what not to think to get rich.

I found the book interesting. Eventhough some of the things mentioned in the book doesn't suit in indian context but still worth a read.
Roger Nelson
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Joined: Feb 21, 2002
Posts: 95
I would give it a "Two thumbs up".
Its one of those books where the author tries to shake the belief that the path to financial success in life is that one has to go to college, take up a job in big firm, buy your own house etc..
He tries to point out that how important it is to getting used to the idea of investing your money in life, to gain much greater financial rewards.
He does a damn good job in putting forward his thought provoking ideas.
Not a book for "How should you invest", but more towards "why should you invest"?

The book is more like if you are a procedural programmer, it sells you and makes you appreciate the idea of object oriented programming or design patterns.
But implementing it is a quite different ball game :-)
Sameer Jamal
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Joined: Feb 16, 2001
Posts: 1870
Last year we discussed about this book in MD
http://www.coderanch.com/t/40266/md/Rich-Dad-Poor-Dad
 
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