Comments on: Book Review: The E-Myth Revisited

By: Divine

Divine — Fri, 05 Jun 2009 10:39:34 +0000

Sony? windows? I thought someone as cool as you are should definitely use a mac..

By: Spaphymup

Spaphymup — Mon, 25 May 2009 08:19:23 +0000

Hi, nice posts there :-) through’s concerning the interesting advice

By: feather

feather — Mon, 25 May 2009 00:23:09 +0000

On page 95 of Rich Dad Poor Dad he says after “incorporating yourself” – car expenses and family vacations are legitimate business writeoffs. This is clearcut tax fraud.

By: Henri

Henri — Sat, 23 May 2009 09:38:18 +0000

Maybe by some stroke of luck this guy happened on principles that work, even though he had never tried them himself in a business of his own. It has happened before, but I agree that spending money on books to learn how to make money is counter-productive. If you have a brain, you’ll learn far more from starting a business and actually trying to make money.

If you strip Rich Dad Poor Dad down to its core, all it’s saying is to “pay yourself first.” Whether that constitutes tax fraud or not is up to what you do at the end of the month when you find that you don’t have enough money to pay the IRS. As I remember, Kiyosaki advocates using your brokeness as an incentive to come up with creative ways to earn more money so you can keep paying yourself first, and still have enough left over to pay the tax collector.

By: Five

Five — Thu, 21 May 2009 02:07:37 +0000

Tynan, were you paid to write this article?

I looked on this dude’s Wikipedia, and he founded one successful business. What does this business do? Offer advice on how to run a business.

By: Erica

Erica — Wed, 20 May 2009 19:52:09 +0000

CRAP, that was supposed to be in response to the “leaving pick up” post

By: Erica

Erica — Wed, 20 May 2009 19:40:43 +0000

I actually don’t find T’s style preachy. More like…enthusiastic? If nothing else, he always presents his line of reasoning along with his views, so either I end up learning something new/agreeing, or it forces me to challenge and re-affirm my existing beliefs. In any case, it’s a win-win. Keep up the good work.

By: feather

feather — Wed, 20 May 2009 17:39:03 +0000

—–Instead a business should be thought of as a series of systems which can be performed by average people. —–

This sounds great, but I see it as being completely unusable. How the heck are you going to turn Life Nomadic into a system performed by average people?

A real value giving business, not one that caters to perceived needs, can’t be done by average people.

Life Nomadic is about TYNAN and the insight/value he offers his audience. And yeah dude it’s going to take a lot of effort and hours, maybe it’s a “job” not a business, but who cares? It’s good stuff.

By: feather

feather — Wed, 20 May 2009 17:33:41 +0000

—–This sounds like a very direct extension of the philosophy set forth in ‘Rich Dad, Poor Dad’, —–

That’s the scary part. RK is a known liar who has ZERO business success outside of selling self-help books that were a failure until he tapped into the scammy MLM-Amway cult audience. His “ideas” about hyper-leveraging real estate contributed to the mortgage crisis. He also advocates tax fraud in his book as solid business advice. johntreed.com

By: Phil

Phil — Wed, 20 May 2009 14:32:09 +0000

This sounds like a very direct extension of the philosophy set forth in ‘Rich Dad, Poor Dad’,

It seems to me that if you’re trying to build a business whose first goal is to create profit, this set of ideas is dead on.

The life that most of us dream about is based around the concept of passive revenue streams, and though it might be a bit more difficult than these writers make it sound, it’s probably very sage advice.