Rich Dad Poor Dad: What The Rich Teach Their Kids About Money – That The Poor And Middle Class Do Not! by Kiyosaki

Everyone wants to go to Heaven, but no one wants to die ~ Kiyosaki, Rich Dad Poor Dad

Published in 1997, this book is the legendary book that everyone has always talked about. After a lot of recommendation from everyone and an accidental finding of Willoughby Library in Mandarin Centre (I didn’t realise that they have moved from the old location!), I managed to get a hand on The Book – the original book, the one before all the Rich Dad series came out.

To start off with, it amazed me on how light it was. It was only 207 pages in total, reasonably big printed letters too. It took me only one night to finish it all, mainly because the language used in the book is extremely easy to read. I would recommend this book for anyone, but especially people around my age (20+) who are now at the start of their money adventure. Where should we put our money once we get our steady income? Is buying a property once you can afford it a financially smart way to go? What’s the most important skill that we can train ourselves? and most importantly: Is there a way for us not to work hard until our retirement age?

If you are looking for a book that will teach you how to the playing rules of stocks or property business, this is not a book for you. The book is inspirational, it only outlines main important lessons that you will need in order to get rich. What I love about the book is that its logic is so straightforward and direct and yet it is very powerful.

As the background story, Kiyosaki has two dads, the poor dad who is academically smart and the rich dad who is financially smart (this one is actually his friend’s dad, just in case you’re wondering how he can get two instead of one). Starting from 9 yrs old, he kept on comparing the behaviour and the way the two dads think because they are opposite to one another. The poor dad worked for money, and the rich dad let money worked for him.

As I read the book, there are some points that kept on repeated such as being financially literate: able to read and understand financial statements (allowing you to identify the strengths and weaknesses of any business). However, for me, these are the points that I found interesting (some of them are direct quotes from the book):

  • Most people fail to realize that in life, it’s not how much money you make, it’s how much money you keep. Doesn’t matter how high is your income, you will still go broke if your spending is even higher.
  • Most people only know one solution: work hard, save and borrow. You want to be the kind of person who creates your own luck. Few people realize that luck is created, just as money is.
  • We learn to walk by falling down. If we never fell down, we would never walk. The main reason most people are not rich is because they are terrified of losing. Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.
  • Harlan Sanders, KFC’s Colonel Sanders, was turned down 1,009 times before someone said “yes” and he went on to become a multimillionaire at an age when most people are quitting. He surely doesn’t get the idea of being rejected.
  • Invest in education instead of anything else. The education referred here is not education we get in school, it is more to financial education. Do not start to play with stocks unless you know the rules on how to play.

I think the best idea that he put out was it is okay to be attracted to money. The society has labeled people who does so as greedy and managed to suppress the desire to have money since we are little. It is that desire that can drive our “financial intelligent”.

There are choices that we all make daily, the choice of what we do with our time, our money and what we put in our heads. That is the power of choice. All of us have choices. He just choose to be rich, and he makes that choice every day. Wouldn’t you want to be rich? ((PS: This book has been recently been put as one of the 10 overrated business books by bnet. It said the book is overrated because “Own your own business, invest in real estate, donโ€™t buy stock and useless crap, and drive a junker car. There, we just saved you $10”. I did not agree with this at all. It looks so obvious how to be rich, but we just don’t do it, that is the whole point the book trying to achieve. It goes further a lot more realistic than the statement written. Besides, as my point above, it is an inspirational book, not a how-to-do book.))

Bugs: #1425: Memory allocation error

When I was in high school, forgetting to bring my lunch was a daily event. Sometimes, I forgot my watch and on a rarer event, I would forget my mobile. I didn’t just leave those occuring incidents alone, I tried to make checklist so that I wouldn’t forget anything. It worked for a day or two, but then I realised that the adversary in my brain made me forget about the checklist and I forgot even more things…

At present, things happen more randomly but it seems that this week I have had a streak of memory losses. On Sunday, I forgot to bring my work’s papers and books. On Monday, I forgot that I have forgotten the papers and the books at my house. I thought I left it at Minie’s place. On Tuesday, I left my mighty electric toothbrush which forced me to use the traditional toothbrush again today, sad.

Today was even worse! I remember to bring everything except one important thing. I even checked my to-do list in my mobile to make sure I didn’t make the usual mistake. I brought my camera, my harddisk, my mobile, my work papers & books, my reading papers, my lip gloss, my eye liner, my moisturiser, etc etc. The list goes on, except one: my wallet. It struck me horribly when I was about to get the usual travel ten out in the bus.

Now I am surviving the day with Stef’s $20 (Stef was luckily with me). The wallet is not something that I need for today thankfully, but I am desperately trying to install more memory to my head. The question is: how? ๐Ÿ™

Which nose trills are you?

It has come to my notice about how different some nose trills are. If you are Caucasian then you would probably be used to the elongated shape, and if you are Asian – Mongoloid race then it will be the circular type that you are used to.

I managed to get two comparison pictures in my lecture today:

nosea.jpgย ย ย ย ย ย ย ย ย ย ย ย ย ย  noseb.jpg((Copyrighted to the rightful owners of the noses))

left – my nose, right – my lecture’s nose

Not such great quality pictures but they are enough to show the difference. Mind you that they are taken in two different angles that actually make my lecturer’s nose trills looked less elongated.

Ratatouille (read: Rat-a-too-ee)

First public holiday of the month (APEC Week Fri 07/09). I should have realised that watching a children’s movie on a daytime is not such a good idea. The place to buy the tickets was on a different level than the actual cinemas were, so minie and I were not aware of the length of the queue just to get in to Cinema #6. The line was filled with kids, each parent had at least 2 around their hands, some had even 4! The chain created almost a full circle outside the theater – made me think that I was joining the wrong train as it went over to Cinema #2’s area. Suffice to look through the people in front of me, their eyes were obviously fixed on the rat.

The movie was a bit more than 2 hrs long, a lot longer than other children type of movies. It was witty, funny, and also a seriously lame cartoon ๐Ÿ˜€ It has all the ingredients of what a kid’s movie should be like: simple-and-deep meaningful message, lively characters, and a full bag of laughs.

The story started with Remy, a human-acting rat. Remy refused to walk using four extremities just like other rats do, he likes to keep his paws clean so he wouldn’t eat any dirt with his food, and he has an extremely sensitive smelling capability for cooking materials. As rats usually only eat garbage, his talent was only recognised as a rat poison detector. His dad forced him to smell all garbage which all the rats in the clan brought into their nest. Boring job alright, he wasn’t happy. Remy liked to watch Gusteau’s cooking show on the TV. Gusteau was a great 5 stars rating chef who passed away because of desperation after a food critique brought his rating down to 4 stars. The ghost then become Remy’s toothfairy who was always there to give advice (this is the first lame aspect of the movie).

Remy’s adventure started when he met Gusteau’s son Linguini. The son and Remy shared a mutual symbiosis by cooking together. Linguini didn’t know anything about cooking and Remy couldn’t cook without a human help (any appearance of rats in the kitchen was a big taboo, definitely a no no for the health inspectors). The rest of the story then followed on just like what you would expect in a children’s movie.

This movie reminded me of cooking animes such as Cooking Master Boy and Yakitate Japan. The sole lameness appear in its pure sense whenever there was a scene of people tasting the food. Once the food was bitten, the stars came into the room, the people were transferred through another world all together, unaware of their surroundings and started to act crazy. They began to change their act and their perspective in life as the food showed its power. It is that type of lame but I should stress that it is extremely enjoyable, I was laughing my arse off many times during the show, minie was screaming ‘help help help’ all the time after every hit of lameness.

If I can rate it on my wartyscale, I’ll rate it 8.5/10. It was that good and I really think everyone who is reading this blog should watch it. You don’t really need to go to the movie because it is not really an action movie, but it is a lot better than Chicken Little or even Happy Feet. The movie gets 96% in rottentomatoes.

APEC Week

A week of blessings for me. For others, especially those who have to travel pass the city, this week will be a peril. 21 world leaders come to Sydney to have a VERY BIG meeting. The results: so much chaos, so much publicity and so much fuss for nothing. It is amazing to hear how Bush was sorry about the disruption he caused and yet still decided to go mountain biking in St. Ives to even create more traffic jams. I mean, going on the limo with 20+ motorcade just for a 150m walk from Intercontinental Hotel to Australian leader’s Sydney office is an overkill alright. Seems like he knows his time is going to be up very soon, might as well produce more hatred towards him as much as he can.

I took this pic on Tue night in the city. Can you see the banana skin on top of the bin? It just shows how much plastic bags went to waste (pollution…) just for the big huu-haa ๐Ÿ™

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no holes on the bin

Going back to my blessing week, I am “working” from home ๐Ÿ™‚ I did intend to work from home from Mon to Thu (Fri is a public holiday), but there were so many distraction and work stuff wasn’t as interesting as other things that I could do from home. I did manage to get something out for my manager, but not much. Other things that I do? Read papers for my assignment, which were quite interesting albeit they still put me to sleep after 20 mins of encounters. Set up my wiki, my flickr account, tidied up my blog (more plugins!), and read books – good books.

To say the least, I feel like I have managed to catch up with my uni work and that means a lot of stress taken out from me. I usually have that ongoing worry about things that I haven’t done as I’m afraid of getting bitten by them, but then I still didn’t end up doing anything either. Procrastination rules! ๐Ÿ˜›

His Dark Materials by Phillip Pullman

Fantasy book.. I thought I’d try another one just to see what this one is like. I have never fancy fantasy, the story usually gone beyond my head wooosh and I won’t be able to follow. In the past, I stop touching fantasy books, be it The Hobbit or LOTR. Narnia wasn’t bad in the movie though, so maybe I will leave fantasy for the big screen only.

But I managed to get my hands on His Dark Materials trilogy. The three parts are The Golden Compass (or sometime it is called The Northern Light), The Subtle Knife and The Amber Spyglass. pyko has been recommending it for a while and as my usual copycat movement for anything that pyko does, I started reading it.

His Dark Materials doesn’t seem to be a children book to me. Just like how Harry Potter doesn’t really go too well for very young children in book 3 onwards (after Dementors start to show themselves), His Dark Materials have complicated background stories about institutions, especially churches around the worlds (ours and other parallel worlds). It peels into detail how each of the boards feed each other in order to survive, including doing inconceivable things and hiding it at the same time. As I was reading it, it was obvious to me that Phillip Pullman is not very religious. I won’t spoil it for anyone who hasn’t read it, so I will keep it simple and sticking to my general feeling about each book only:

  • The Golden Compass: GREAT book, I’d say the trilogy will be better if it ends here. The adventure is on and hot, I couldn’t stop reading it until the very last page of the book. The creation of the ‘other’ world is very detail, full with enchanting, rich fantasy and interesting concepts of soul: according to the book, every human has a daemon. In some other worlds, the daemons are solid and visible. They can talk, be touched, get hurt, etc. In ours, they aren’t but nonetheless it is still there and when you die, your daemon vanished. I fully recommend anyone who hasn’t read it to do so, even if you don’t favour fantasy like me.
  • The Subtle Knife: I wouldn’t call it a book ๐Ÿ™ To me, this one is simply a bridge between the first and the third book. It’s like ‘Oh we know what’ll be the content of two books, everything that are not very interesting, we’ll just chuck it in the middle’. The second one kills of the excitement brought up by the Golden Compass. Even until the end, the excitement level didn’t go as far (in fact, FAR from it) as the first one. I didn’t even realise that it was the ending when I read the end! Thankfully I got the trilogy series, so I was able to start the third one right after my confusion of this book ending. I won’t go through why it is not interesting since I don’t want to spoil the whole story.
  • The Amber Spyglass: hell lot better than the previous, but still no comparison to the Golden Compass. What is missing from this one is the causality of the situation. All the story that leads up to this point, seems to be caused by an event happened 300 yrs ago. But what is it? I totally scratched my head when I finished the book (if you know what event caused the whole situation to arise, please tell me if I missed it, I am still hoping that that is the case). Either way, I know it is fantasy so maybe it is my incorrect view to seek for explanation of the background reason.

 

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Nicole Kidman in The Golden Compass

If you want to read more about it, there is a good review on it but beware of spoilers. The movie is coming up for the first part of the book (The Golden Compass). Go and watch it in the movie as it will be very GOOD! (Nicole Kidman as Mrs. Coulter ((picture from http://www.randomhouse.com/images/dyn/cover/?source=9780375847226&height=300&maxwidth=170)) ) ๐Ÿ˜€

every atom of you and every atom of me ~ Lyra Silvertongue

Fatherโ€™s Day

Today is father’s day, of Australia that is. Apparently the date for father’s day varies from country to country. The most celebrated date is third Sunday in June. That’s for US, UK, Singapore, India, Malaysia (I assume Indo too), Japan, etc ((from Wikipedia)). The Thais celebrate it on Dec 05. I guess depending on what nationality you are, you’ll celebrate it on whatever day your country does it.

For us, we had a nice seafood lunch, my aunt cook a LOT of seafood, chilli / tomato crab (she wanted to make it a pure chilli crab but then steffie and uncle wazza wouldn’t be able to eat it ๐Ÿ™ ). Muscle and avocado salad were also there, including risotto with eggs (yummy half boiled eggs that is). This is one of the pic I took today, looks delicious eh? ๐Ÿ˜›

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nice crab

After that big lunch, we had prawns (more seafood!) for dinner, it was a seafoody father’s day indeed…

Loving a Job

Choose a job you love, and you will never have to work a day in your life. ~Confucius

I see my life is like in a stage of clay waiting to be molded. The clay has been put together in one place ready to be used, but I am not sure what shape I should mould it into. My academic study will finish next year with my graduation. Without a doubt, that and my industrial trainings will ensure that I can get a job after that.

There are many things that I want from a job. My highest priority: it has to be enjoyable.

I remember having to go through the subject with the worst lecturer in my life (that bastard). It was just too hard for me, no motivation whatsoever ๐Ÿ™ so: zero enjoyment. I admit that it was not just his fault, it is mine too for not trying harder. I’ve learned my lesson: I will do anything to avoid that situation again. So if the basis of the job is not conducive enough to enjoyment, forget it.

I find another aspect of enjoying a job lies with the people I work with. I want it to have work colleagues like my life-long friends. People always says two brains are better than one – I’ll simplify: more brains are always better. That is why I think motivation to collaborate is the most important thing to make multiple minds work together as a giant clock. Just like grid computing can only be a ‘supercomputer’ when all the interfaces are specified properly within each cluster.

I would not be able to go through my uni achieving what I have done so far without pyko and Chii. I found many common grounds with them, thus walking (3 of us) together makes me feel a lot stronger than standing by myself. Sharing is caring, so what can be a better idea than working with them as work colleagues? ๐Ÿ˜€

Challenging work will be another one I want from a job. At this point in time, I honestly don’t know what I want to do, but I DO know what I do NOT want to do. Before in my first industrial training, I will be happy to do anything that I can help other people with, bearing in mind that it has to be useful (not just a shitty job they gave me just because they don’t have anything to do). Now though, things are a bit different. Life is too short to be spent on doing crappy job.

I’ll give you one example I thought of, people who has to write technological code of conduct for the Bank; The code of conduct I meant is basically the piece of paper that I have to sign when I got employed. The one that outlines that ’employee cannot open personal email, cannot use the Internet for anything else than the work supposed to be conducted’, blah blah blah… It is obvious to me that the piece of work is very important, especially to set the benchmark of security for the Bank. However I cannot set myself to work on it (and no one ask me either, phew), simply because it is there just to cover other people’s arse when bad things happen. It is boring, shitty job alright.

The last thing is money. Even though money cannot buy happiness, not having enough money will definitely make my life a lot harder. Most probably I won’t be able to get the kind of lifestyle I want, if I don’t have enough funds to keep me going. A good job is a job that pays off fairly. What kind of job will allow me to get enough money to live, without sacrificing the quality of the job measured by the previous two priorities?

I think this is the $1,000,000 question. And I hope I will be able to answer that as soon as possible.

Dermatillomania

(also known as compulsive skin picking or CSP) is an obsessive compulsive disorder characterized by the repeated urge to pick at one’s own skin, often to the extent that damage is caused. ~ Wikipedia

Just today I realised that I am not able to stop my skin picking behaviour for a long time. I could not remember when I started it, but I did remember doing it from as early as year 4 in primary school. Today was particularly bad, I kept on chewing my fingers’ skin until they started to swell and I couldn’t make myself to stop. I was consciously hiding my chewing from others at the office so I could unconsciously eat more skin =S yaiks…

Googling ‘skin picking’ gives me a better feeling that 1. I am not alone, there are lots of people who are doing it as well; 2. I am a light skin picker: I only pick my fingers, no other place (actually, that’s not technically correct if I include my toes >.<). But the extend to what these people are doing are quite worrying. They pick not just fingers, but face, back, scalp, hands, feet, and arms (~ Wikipedia), and other parts that are not disclosed.

damn I tried to pick my skin again just then

Self-motivation seems to be the best (and the cheapest) cure. Stef said it may be a good idea to make my fingers bitter to taste so it will remind me to stop biting when I am unconsciously doing it. It won’t stop the picking, but it will definitely help a fair bit. I am not sure what to put though, any ideas?

Dental Blow

First entry on the new blog ๐Ÿ™‚

I have tried to blog in many different places but until now i still haven’t get used to the habit of blogging. I really think that blogging is a great way of exchanging thoughts and also keep my thoughts in perspective. Hopefully I will think about it better. WordPress is great and I cannot wait to use more of its features as I get used to it more.

Yesterday was a blow. I went to the dentist after so much postponing (after more than one year). I have an extras insurance already in place for about a year but I haven’t managed to go until yesterday. I think part of the reason is that I am scared. When I was little, my mum always brought me to the lady dentist who never put ANY anesthetic whatsoever. After so many visits, the pain traumatised me to say the least. I always wondered why my mum had to pay so much money to her just to hurt me.

Back to the topic, I have known for a while that at least three of my wisdom teeth are growing. All three of them are not placed as nice as I would like it to be – the worst one is the bottom left side: growing to my cheek ouch. The dentist told me that another one is growing (and this one will be to the cheek again!) and he advised me to have an oral surgery to remove all four. Not to go through the pain that I can imagined, the cost for one tooth will be about $300-$400 eeek.

So today, I thought I should put more thoughts into my teeth so I follow the dentist’s advice to buy an electric toothbrush and use dental floss regularly. To my surprise electric toothbrush is much (WAY much) cleaner compared to the traditional one. It is not too expensive either, only about $25 for an oral B ๐Ÿ™‚ I really hope I can keep up the good habit and keep my teeth on its current stage (11 fillings need to be done is enough). Sigh sigh sigh, talking about savings…

 

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futile attempt…

On another note, I should assume that I will have no time to do anything on the weekend. It just passed like a *snap* and it is naive of me to think that I can clear up my to-do list. I put more emphasis of sleeping later (with the help of coffee and v and the top pic below) every second night just to make me feel a bit more productive, but it is not always easy. Even sleeping at 2 am in the morning doesn’t really mean that I am more productive, sometime I kept on getting distracted (like installing this wordpress) instead of doing things that I am supposed to do ๐Ÿ™
Below (the bottom one) is one of my unfinished business. Been doing this puzzle for a long time, will be longer if I don’t get my act together fast.

 

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hope to finish this soon

Enough for the day. Will post things more frequently *I hope*

Other things that happened:

  • Managed to put an order for Four-hour Work Week by Timothy Ferriss in Kinokuniya. I checked on Dymocks, Angus and Borders during the weekend but none of them have it. The Kinokuniya lady said it will come in a fortnight.