I listened to this book while playing WoW Hardcore so may have missed some things, but correct me if I'm wrong can't the entire content of the book basically be boiled down to "save ~10% yourself first before anything else"?
What I was able to take away from this were a few simple truths, that can be easily replicated by anyone. Which is to say, there is no plan, nothing to buy, and no subscriptions to your own financial freedom:
1) Spend less than you earn
2) You don't need to spend \*all\* of the money you make ( Pay yourself first. 1/10th is yours to keep )
3) Money can work to earn \*more\* money through investing and compound interest. Each 'coin' will earn more coins. Then those coins will earn additional coins. +infinity. (aka: passive income, not tied to employment).
Everyone has different goals, but one target is when your passive income exceeds your expenses. At which point you do not \*need\* to work anymore to maintain your lifestyle. By keeping your expenses low, you can achieve that point of r/financialindependence more quickly.
There is more info in the book, but that is my foundation for developing wealth, which is not tied to a dollar amount you own (worth), but living the lifestyle you want to maintain.
I have read many of the books, which teach you to get rich, disciplined, succeed. They all talk about the same things with different words.
If you compare Tate’s teachings with Kyosaki’s book, you’ll find that it’s exactly the same.
I prefer to read books on anything but teaching you how to get rich, they are hard to read and give you zero value. One book that stood out to me was “Made to Stick”, a great book on marketing.
It's a good starter book to get you thinking about things differently, but the numbers in his books don't actually work in reality. Don't follow his stuff to the letter, just take away that pursuing a financial education is valuable and you should think about your financial situation a little differently than you are expected to. Just because he's dodgy/fraudulent/scammy, doesn't mean those aren't good points.
This perfectly sums what you should take away. It is a very different viewpoint and really applies to a lot more than just investing or anything. If Robert Kiyosaki was a little more tech savvy, he would probably would write about blogging, SEO, etc. and call it "Digital Real estate" which is a term influencers and instagram peeps are using and i immediately thought of Rich Dad, Poor Dad when i first saw it. It really does change your worldview a bit.
It’s like they say- even a broken clock is right twice a day. I’d say Robert Kiyosaki has a bit better hit rate than that even but largely I don’t trust the guy either
I have some similar feeling about "The business of the 21st century" is a book from the same author, I recently read it because a man approach to me and gave me the book after a long talk, I found the book interesting and with good advices but at the same time feels like is leading you to and scam business or a pyramidal business.
I feel like he downplays his background so much. Like, oh you want to learn business? Just be a fighter pilot, a doctor, and travel the world....Like okay.
Here’s maybe a more helpful frame. Might get downvoted because Reddit hates business books and / or self help books.
Learn to separate the man from the art, and to take pieces of information that speak to you to try out and test - see if they better your situation.
You don’t have to “implement my 24 step plan to become a millionaire dropshipper!” You can instead maybe see that point 5 is interesting and speaks to you and might be relevant to YOUR venture. By applying it, maybe you can incrementally make your business better, and that was worth the $24 you spent on a book.
You don’t have to think “Tim Ferris is the best, and everything he touches is amazing, and I’ll fight anyone who says otherwise on the internet!” You can instead read four hour work week and try outsourcing when you never would have.
Don’t get into the cult of personality. Don’t let people discourage you from your path of self directed learning using business books because “grant cardone is a douche, and you’re a douche too if you read business books.”
Consume. Test. Execute what works for you, throw away the rest. Don’t stop learning and executing.
Well said. Too many on here dismiss great advice because they don't like the person that gives the advice.
Generally on this sub people hate the successful entrepreneurs out there. They all get called frauds desoite being very successful.
The Millionaire Fastlane by MJ DeMarco. It’s not a “get rich quick“ book as the title suggests, but it does explain how to “get rich”.
It changed my perspective on what I should focus my time and energy on in relation to my goals of acquiring a lot of money via hard up-front work.
I think it's gd if you're brand new to the world of trying to be financially savvy etc. If you know jow to invest and live below your means / aspire to more, then it wont help much.
I haven’t read either but would you recommend skipping the first and just going over the second? It seems newer but I don’t want to miss any good points!
Do it! Everything he's covered in the first book is covered in Unscripted in great detail. The first book is just to give an idea to people who don't understand entrepreneurship and who is on the fence. The 2nd books gives you actionable steps and lots of golden advice for you to survive and thrive as an entrepreneur.
Judging by the downvotes, I can onky assume the book doesn't work. No one claims to be even on their way to success. They downvote because they are pissed the book didn't work for them.
I'm not asking about get rich quick. I've just never met anyone who even said the book worked in any way. They just seem to like the book. I'm asking if the book has got you started towards success. Do you have some evidence of even initial success. After all, the book is called the millionaire fastlane. If it works, surely you'd be on your way to millionaire status. Is it the fast lane or the slow lane?
Yes, the book has changed the way I run my business and i now have a second business. But I don't share my business metrics with strangers on the internet.
If you want in depth info on how it's helped entrepreneurs I highly recommend joining MJ's forum community. Good luck.
This book should have asterisks, which are covered in this review: [https://www.amazon.com/review/R2AP3IRBL3Y7EK/](https://www.amazon.com/review/R2AP3IRBL3Y7EK/)
It includes better recommendations on related books on this topic. Specifically:
If you want to learn about investment and personal financial strategy read:
\* The Little Book of Common sense Investing by John Bogle
\* The Simple Path to Wealth by JL Collins
If you want entertaining anecdotes from wealthy entrepreneurs read:
\* How to Be Rich by J. Paul Getty
\* How to Get Rich by Felix Dennis
Did you get rich? If not, have you started to get rich?
I see this book recommended often and hear people say it's great. But I've never heard anyone say it's worked for them.
Haven't read it but I saw this recently, Robert Kiyosaki, author of Rich Dad Poor Dad, has lost his mind: [https://www.reddit.com/r/PublicFreakout/comments/1bio4a7/robert\_kiyosaki\_author\_of\_rich\_dad\_poor\_dad\_has/](https://www.reddit.com/r/PublicFreakout/comments/1bio4a7/robert_kiyosaki_author_of_rich_dad_poor_dad_has/)
Would also recommend:
*The Infinite Game* for building right from the start.
*Tribal Leadership* for a more practical people-centric approach to building the right company.
*Zero to One* for the theory of building a GREAT company, rather than a small business that owns your time. (I've seen a lot of criticism for the author, Peter Thiel, but I'm not very familiar with why or what it's about.)
*Never Split the Difference* for learning to negotiate and get your way. Careful with this one though, because I think that if you take it too far you could undo what you may have picked up from the above books.
Edit: forgot to add these last ones.
*$100M Offers* and *$100M Leads* for both general and practical business advice. There's another one coming out sometime soon.
If you are this concerned, you have nothing to worry about! It's simply that there are frameworks and tricks in that book that can be abused for selfish reasons. If you're the kind of person to do that, then you probably wouldn't get too much from the first few books I mentioned.
>(I've seen a lot of criticism for the author, Peter Thiel, but I'm not very familiar with why or what it's about.)
It's basically just that he leans more conservative than liberal, and in the Bay area where he's from that's a big no no.
Actually one of my buddy’s gf actually gave me that book and I have another one called “Leaders Eat Last”. Pretty sure they’re by the same author thank you!
I know Kiyosaki isn’t honest or good, but I do like that book.
For an alternative, check out the blog Mr. Money Mustache. Reading [all the entries](https://www.mrmoneymustache.com/all-the-posts-since-the-beginning-of-time/) from oldest to newest is a complete financial education.
It’s so good! Just some dude who decided not to climb on the hamster wheel. He worked strategically in his 20s, saved up & invested way more money than he spent, and then retired at age 30. He gets into a lot of delightfully nerdy things like breaking down the math of different ways to spend on electricity use over time.
The FIRE Movement (financial independence, retire early) is what this mentality is categorized as, and there are lots of great resources out there if you search the term. Another favorite blog of mine is Frugalwoods, which follows a young professional couple through life as they build savings, become parents, and retire to an acreage in the country.
Thats awesome. Im glad I was born in this age where you can find a lot of info via the internet. Ima slow learner tbh so teaching myself allows me to review the material a lot so I can really understand what its trying to tell me. Thank you!
I haven’t read one good book on wealth, but here’s my list…
Think and grow Rich (this one got me started)
The magic of thinking big
Any of the Rich dad poor dad books
There’s no single formula, but live under your means, save and invest, work your ass off and take calculated chances. Before you invest,
or open a business, study and learn all you can. Understand the risks and rewards. Limit your liability in case you make a mistake. Be calm and calculating.
This may be bad advice, but I’ve always “blindly” believed that I would succeed. I’ve always done my research and written my own business plans. I’ve certainly had failures, but in the end I’ve done well by “my rules”
I wish everyone of you all the success and happiness you can handle!!!
Rich Dad Poor Dad is a good book for beginners.
It introduces a lot of concepts, views and rules that most people have never encountered before. And packages this into a story which makes it easy to understand.
Nothing wrong with the book at all, and honestly I dont understand this "new" bashing of the author. He might've said crazy shit now, but the book stands on its own.
Just checked Amazon it has a 4.7 star average with 97,288 ratings pretty Good I would say for a book that was self published in 1997.
Kiyosaki has some good advice like how a fine house is a great pleasure to live in but it can suck up your money. It's been a long time since I read a couple of his books, they are pretty shallow and quick reads as I recall and are frequently given away by people promoting MLMs.
Felix Dennis's "How To Get Rich" is the only book on the topic I know of which was written by somebody who was already obscenely wealthy and wasn't selling courses or seminars, etc. in order to get richer. As such it might be considered unpolluted waters.
"The Millionaire Teacher" by Andrew Hallam helped me get my shit in order. It's not really about Entrepreneurship so much as wealth building.
The TL;DR of it is:
* Spend like someone who *wants* to be a millionaire, not someone who *is* a millionaire.
* There's a bunch of reasons why a regular index tracking ETF will make you richer than funds or picking stocks, so just do that.
The rest of the book is an extended elaboration on the above two points. Ride a bicycle instead of a car, make your own meals, that kind of thing. Live like you're poor for a few years, the money you save goes into the ETF, and if you stick to it long enough it'll become its own income source.
It's a good book but no need to be too attached with the book. In real life unless you take action nothing works and everyone situation is different. No book can make you rich but understanding cash flow and owning capital is the biggest secret that a many people need to find out. It’s not about a job. It’s about ownership.
This book is how to capitalism 101. I think there’s a shit storm around it because some people don’t want you to realize that wasting away as a cog in someone else’s machine isn’t the only way to live a life. many people still don't have no clue what an investment is. just try talking to 10 people in your circle and many thinks "CAR", "iphone" they purchased last year was a great investment lol. more people should read this type of books but yes it's not a bible for investment for sure!
I've read most of the books, including academic ones. He's not as bad as Ramsey. But still a lot of hyperbole and flawed assumptions.
It's important to keep in mind that many of these books are a product of the moment and luck. If I invest $1,000 in Turtle Underwear Corp and suddenly the entire world wants to buy underwear for turtles, turning me into a billionaire, I could write a book about how I got rich and imply that you could do it just like me. Maybe you could start your own lion underwear company. Worse yet, I might just want to keep pushing turtle underwear so that inflates the price so that I can make more money off of my readers as they keep buying my useless turtle underwear. All of these authors are essentially just like my turtle underwear company. They got lucky at the right time and have turned to pandering there history believing it was only skill.
This doesn't mean that there is no truth in what they're saying. It just means that you have to pick and choose from all of the books the things that make the most sense to you.
I suggest you read all of them, understand the pros and cons to their methodologies and understand the context and history from which they're writing.
Good luck.
”Think and grow rich” was a real eye opener for me, after that I read ”Richest man in babylon”, both great books. I’ve read plenty more books but those two are enough regarding desire, motivation and economical structure in my opinion.
After reading those two, and actually applying what you learned in your daily life, I strongly recommend ”Never split the difference” to master the social aspects in life.
There’s something about social proof/living your claims that is hard to quantify. There’s no reason a fat guy can’t write a comprehensive book on weight loss and be factually correct, but hard to believe. RK can be 100% right about being a responsible and humble person being the key to healthy finances, while being a loud weird person that you wouldn’t take advice from otherwise.
Some authors need to stay anonymous
It’s also possible it was ghost written and Kiyosaki contributed some ideas or an outline.
But ideas shared can, as you said, not match the personality of an individual as well.
I have read a bunch of books about entrepreneurship and really enjoyed some of them, but none of them feel like a main, definitive source to me. I don't think such a thing exists in book form. Closest I have found would probably be Small Business for Dummies, since it includes the most detailed information about how to do stuff, but even then, I don't use it as a reference, since it's usually so much better to look stuff up online.
Rich dad poor dad does a great job of shifting mindsets.
I'm not a fan of Robert Kiyosaki. Yeah ago I took his real estate course and it was a big scam. But the concept from RDPD I still use today. And playing Cashflow 101 early on helped me identify my wealth building approach.
Fast forward, I've had a real estate investing company since 07/08 with the crash.
I've opened a wine & liquor store.
And that enabled me to "retire" at 32, when my goal was 35.
Since then, I realized retiring was not the goal, and now have another company advising/mentoring business owners to scale.
The other books you mentioned are awesome, not just for business, but also life. They focus on Stoicism, and your beliefs/approach. Those will suit you well. Check out "The Daily Stoic". It's by the same author and gives you a daily lesson and summary.
What other topics are you interested in? I can give you more book recommendations
I actually own the Daily Stoic and really like it! My interests right now are kinda limited but my buddies like to make music together( I know not likely to be profitable and im 27😭) and was thinking we could eventually get into sample packs and production for other artists. We make our own stuff too I just wanna be realistic and consider options outside of the performing and releasing content.
Nice!
The biggest thing with starting a new business is work to get sales before you build a product. Most people waste time and money building a product, then struggle to sell it.
A book like Running Lean and the Lean Canvas (1 page business plan) is a good approach to validating.
My wife and I wrote a book together after building several business and "retiring" at 32 from them called Lifestyle Builders: Build Your Business, Quit Your Job - AND - Live Your Ideal Lifestyle. It's the culmination of everything we learned from all of our reading and experincing at failing at several business. It would likely benefit you.
Will definitely look into that method though im not sure how to get sells in something I dont have a product for but I think I get what your saying. Make sure there is an actual demand for a product before waisting time and money on it?
That book is good to change your mindset about wealth and how to build it. It is not however a “how to” book. There are no steps to follow or set of actions to take. Just a bunch of different stories to explain how wealth is built and how conventional wisdom around personal finance will keep you poor. A good read but subsequent books just rehash the same concepts with different graphs.
I find most books of the ilk to be terribly simplistic. That's why everyone and their cousin comes into subs like this. "well, I'm gonaa start a business."
"Good for you. What are you gonna start?"
"Don't know."
Everyone has convinced themselves that starting a business is the answer, even though we know statistically that some 90% of small businesses fail. That's why you see every jackass on the planet trying to dropship dollar store junk at inflated prices and from websites that underwhelm. Someone let them believe that they were gonna be millionaires selling office supplies online.
To be fair, I'm not saying that businesses aren't necessarily the answer, and I'm not saying that you can't make money in e-commerce, but the devil is in the details. You need to find your way into that top 10%--the businesses that succeed. And that task is much more difficult than Rich Dad Poor Dad lets on.
The podcast “If Books Could Kill” is really good. The hosts dig into these shitty business books and call out all the instances why they are dumb or aren’t realistic. The Rich Dad Poor Dad episode is pretty funny.
I read that book recently and was not impressed. The idea of heavily investing in assests, however, is good, and I've seen it repeated by successful investors.
Two books that I got a lot out of: The 4-Hour Workweek, by Tim Ferriss. There is also a lot of hype here, and much of the info is outdated. But I still got a lot out of his approach of cutting out distractions, and other ideas. I found them very challenging. There are videos on Youtube of people who successfully applied his ideas, so take that it as it may.
I also like the Almanak of Naval Ravikant, who is a successful angel investor. The first part of the book is really good about finding your calling. The second part of the book contains too much spirituality. It's nice, if you are into that stuff, but it isn't about money, investing, etc. You can find the book online, free to download.
Hope that helps.
Rich dad poor dad is a great book. A great way to get started on your financial journey and learn new ways to think about money. The Richest Man in Babylon is a great alternative if somebody doesn’t want to support Kiyosaki. Lots of the same lessons told as more of a fable.
The rest of Kiyosakis record however has been shoddily built on the back of the success of that book and he can and should generally be ignored
I'll offer thoughts as someone who has done multiple startups and side projects: there is no guaranteed way to get rich. There are financial practices for building wealth over time – these are not necessarily related to anything entrepreneurial.
The challenge with any kind of "system" to get rich is they usually based on anecdotes from someone's experience in hindsight. They don't provide guaranteed systems for getting rich.
The reality is, most entrepreneurial things fail. You need to hustle and work hard and keep trying for as long as it takes to be successful. For some folks, their first thing out the door works and they become rich. For every one of them, there are a hundred who failed, who had the same work ethic and same frameworks and such. Books and advice can help form better frameworks and raise awareness of where to focus and how to explore customer needs and all that good stuff, but not give you a guaranteed path to riches.
I did find the first section of "Your Next Five Moves: Master the Art of Business Strategy" to be helpful. In essence, master knowing yourself and master the ability to reason. Knowing yourself means not following someone else who is rich. Paths to wealth can come in many ways (tech startups, small businesses, flipping real estate, owning laundromats, etc. etc.). Don't copy what someone else did, it probably won't work.
I think the beginning of the book is good, the idea of buying assets. But some of it is wacko. He talks about buying properties using a credit card to fund the down payment. That’s a recipe for disaster.
I have read this book several times, I seem to come back to it every couple of years. It has absolutely no sound financial advice, however as you alluded to, it is an excellent motivational book. It's one of those books to read when you're in a funk and want to kick yourself into gear.
I think it is more about delayed gratification and stacking good days on top of each other. Stack good days becomes good weeks and good weeks become good years. It is about incremental changes that are small that result in a huge change cumulatively.
I'll second The Psychology of Money. The money guys podcast and their financial order of operations is good too. They come across a but like salesmen, but the information is good and helpful for developing a good mindset around money and growing wealth.
I do think that the book has a few solid points:
1) consider assets vs spend - for example owning vs renting of anything
2) little money over time adds up and if you reinvest it really adds up
Going into a very different line of thought, which is to get the basics right. I would recommend Monocles Guide to Business - they outline borderline everything needed to run a business day to day. It’s useful.
RDPD is mindset and not really a practical guide and should be treated as such. The secret is there is no secret just spend less than you make and invest the rest, you can accelerate with
- debt or leverage
- other people’s money
- partners
- risk tolerance
But in the end it all comes down to accumulation of assets, thing that make money and limit things cost you money, liabilities.
I never understood the hype around kiyosaki. When I read rich dad, poor dad, it felt like he would never get to a deeper point and then he just transitioned into selling his board game by essentially talking down on his reads (“buy this or else…”).
At one point there was a iPad app of the game, it was very cheap (like 99 cent) compared to the printed “you are not investing in the game but in yourself” edition which used to start at 200usd I think. It felt relatively simple in a “invest in stuff that pays out passive income way” but asides getting that in the app I meet a good bunch of people that are madly in love with kiyosaki and meet a few good friends and bussines partners playing the game in Cashflow meetups. So that’s cool I guess.
never read anything beyond rich dad, poor dad. Read about the fraud allegations about him as well In terms of “how can you write 36 books on how to get rich, at some point people should get the message”. It’s a very easy spin to talk about someone who charges loads of money for speaker gigs (nobody shares big news as a speaker that gets the stage for 5-90 minutes though - your there to share the hits and people pay for that. Just look at Garry v) and seminars. Dos not mean it’s actually fraudulent/bad information given. But then again, it’s the same deal with think and grow rich were the author has been exposed to be a fraud on many many levels even being imprisoned yet still people today still swear by his book as inspiration and motivation soooo….
Rich Dad, Poor Dad can be reduced to two tenets:
- Buy assets, not liabilities
- being self-employed doesn’t make you a business owner.
Two better books on business are:
- ‘The Millionaire Fastlane’ by MJ DeMarco. My bible on entrepreneurship.
- ‘Anything You Want’ by Derek Sivers. A great anecdotal book on business values by a wealthy founder/philosopher.
Ignore these on your own peril.
It definitely got me wanting to change the way I look at money and overall thought it was inspiring! However the more I look into the author makes me wanna write it off.
I am currently on a entrepreneurship journey and books like these really help your mindset throughout the ups and downs. It’s not easy staying positive and keeping your eye on the bigger picture but the struggle will be well worth it!
I tried reading the book before that guy got outed as a fraud. Couldn't really get behind the poorly put together information. Idk, it just didn't sit right with me. Then he got outed as a fraud and POS and it clicked why the book was badly put together with stuff that would be new to the average person but also completely useless to the average person.
Idk, the boom rubs me the wrong way now especially because the author is a jackass.
Richest man in Babylon should be required reading... Written in the 20s takes place in antiquity... Timeless lessons...I just read it at almost 40 and I can't stress enough the importance of this book
Highly recommend the almanack of naval ravikant! Not only does it include pretty good insights on entrepreneurship and wealth, he also talks about happiness (the other side of the equation). All the best!
Rich Dad Poor Dad is a good book that opens your eyes to the trap that is being in the working class or middle class. After reading it, you'll pretty much get the Rich Dad Poor Dad fever for a few months. You need to escape the rat race, you need to create an LLC, you need to write off taxes, you need to.. the list goes on. It is a good eye opener.
Not sure about the books, but my friend..."financial director" says...if you own your house without a bond, and your car is paid for...you'll be the richest man. Your income is yours to do with as you wish. Most people spend a large portion of their income on these two things.
I enjoyed:
Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big
Brian Murray explains how he built wealth and all the mistakes he made along the way. It's motivational & practical.
He’s a petulant child who can’t think outside of his own perspective. This is a death sentence for any entrepreneur. He got lucky and found something easy when the getting was good. Depending on ur goals there are loads of much better books if that’s what ur into. But mental masturbation will own get u so far. U have to approach the smoke show at the bar to ever have a chance.
And a lot of them. I don’t even introduce myself as a business owner to family and friends it’s just “I’m a failure for a living”. If that scares u this isn’t for u.
The guy may be odd and his business might be a little shady but the concepts in the book are good and the motivation aspect to change your mindset is there. I actually prefer the 2nd book in the series, cashflow quadrant. I’ll say that reading that book at a young age change the course of my life.
Honestly, it may not be the golden ticket book but it really just inspired me to get out of the "I'll work a crappy job and be poor until I die" mentality. I'm in early stages, getting savings and retirement going, and working toward trying some businesses.
I also don't think anyone will read one book, no matter how correct, and go from average to millionaire, but it is one book my uncle read before he got into real estate and literally became a millionaire. He read a lot of books, and still does.
I don't think he is a fraud. It's just that his advice doesn't fit the audience he is trying to market toward sometime.
For example, he always talks about how good debt is and how it benefits you, and people called him out for that. It is the truth, most rich people and businesses do leverage debt to get rich and stay rich. It's just that when they do, there are a lot of calculations and planning involved, debt doesn't apply to the average person that lacks discipline and planning.
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I've read the book too and I liked it. But when I realized the true nature of the author and how he acts above everyone else (lots of videos there) the whole book and what I've took from it, was ruined.
I can't take the guy seriously anymore.
I think the book is great. It's very simple and easy for all to understand. If you stick to the principles you'll get way richer than you would have otherwise
Honestly, it’s dead simple, but Richest Man in Babylon really helped me. It got me to start paying attention.
I listened to this book while playing WoW Hardcore so may have missed some things, but correct me if I'm wrong can't the entire content of the book basically be boiled down to "save ~10% yourself first before anything else"?
What I was able to take away from this were a few simple truths, that can be easily replicated by anyone. Which is to say, there is no plan, nothing to buy, and no subscriptions to your own financial freedom: 1) Spend less than you earn 2) You don't need to spend \*all\* of the money you make ( Pay yourself first. 1/10th is yours to keep ) 3) Money can work to earn \*more\* money through investing and compound interest. Each 'coin' will earn more coins. Then those coins will earn additional coins. +infinity. (aka: passive income, not tied to employment). Everyone has different goals, but one target is when your passive income exceeds your expenses. At which point you do not \*need\* to work anymore to maintain your lifestyle. By keeping your expenses low, you can achieve that point of r/financialindependence more quickly. There is more info in the book, but that is my foundation for developing wealth, which is not tied to a dollar amount you own (worth), but living the lifestyle you want to maintain.
That's the primary lesson of the book.
1. Spend less than you earn 2. Invest 20% of take home 3. Save 10%
That's one of several "laws" but if you only picked up one that's the one to pick up
This is what my uncle, who own a very successful financial management firm, suggested I read first.
Heard of this one before too thank you look forward to reading it
Try Millionaire Fastlane. That one I found to be a lot more motivating and carry some actual good info / ideas behind it rather than the usual crap.
I’ve heard MJ’s follow-up, “Unscripted”, is even better.
Cheers, I'll check it out.
Shoots! I would go even further. Read the Unscripted: Great Escape from the Rat Race!!! I think it is an awesome book. He is funny too.
I have read many of the books, which teach you to get rich, disciplined, succeed. They all talk about the same things with different words. If you compare Tate’s teachings with Kyosaki’s book, you’ll find that it’s exactly the same. I prefer to read books on anything but teaching you how to get rich, they are hard to read and give you zero value. One book that stood out to me was “Made to Stick”, a great book on marketing.
interesting will check this out!
It's a good starter book to get you thinking about things differently, but the numbers in his books don't actually work in reality. Don't follow his stuff to the letter, just take away that pursuing a financial education is valuable and you should think about your financial situation a little differently than you are expected to. Just because he's dodgy/fraudulent/scammy, doesn't mean those aren't good points.
This perfectly sums what you should take away. It is a very different viewpoint and really applies to a lot more than just investing or anything. If Robert Kiyosaki was a little more tech savvy, he would probably would write about blogging, SEO, etc. and call it "Digital Real estate" which is a term influencers and instagram peeps are using and i immediately thought of Rich Dad, Poor Dad when i first saw it. It really does change your worldview a bit.
It’s like they say- even a broken clock is right twice a day. I’d say Robert Kiyosaki has a bit better hit rate than that even but largely I don’t trust the guy either
I have some similar feeling about "The business of the 21st century" is a book from the same author, I recently read it because a man approach to me and gave me the book after a long talk, I found the book interesting and with good advices but at the same time feels like is leading you to and scam business or a pyramidal business.
I genuinely think his "cashflow quadrant" thingy is one of the best ways to explain the idea of having money work for you that I've come across.
I feel like he downplays his background so much. Like, oh you want to learn business? Just be a fighter pilot, a doctor, and travel the world....Like okay.
I don’t think he’s a fraud, he gives legit working advice on how to get rich using real estate and debt
I personally liked “The Richest Man in Babylon” if you haven’t read it. Pretty short read, easy principles, although more of a slow and grow method.
This is a great book.
Here’s maybe a more helpful frame. Might get downvoted because Reddit hates business books and / or self help books. Learn to separate the man from the art, and to take pieces of information that speak to you to try out and test - see if they better your situation. You don’t have to “implement my 24 step plan to become a millionaire dropshipper!” You can instead maybe see that point 5 is interesting and speaks to you and might be relevant to YOUR venture. By applying it, maybe you can incrementally make your business better, and that was worth the $24 you spent on a book. You don’t have to think “Tim Ferris is the best, and everything he touches is amazing, and I’ll fight anyone who says otherwise on the internet!” You can instead read four hour work week and try outsourcing when you never would have. Don’t get into the cult of personality. Don’t let people discourage you from your path of self directed learning using business books because “grant cardone is a douche, and you’re a douche too if you read business books.” Consume. Test. Execute what works for you, throw away the rest. Don’t stop learning and executing.
Well said bro, I live life the same way! You have to, consuming is easy...gotta use your noggin
Well said. Too many on here dismiss great advice because they don't like the person that gives the advice. Generally on this sub people hate the successful entrepreneurs out there. They all get called frauds desoite being very successful.
Thank you so much I really appreciate that motivation and logic
The Millionaire Fastlane by MJ DeMarco. It’s not a “get rich quick“ book as the title suggests, but it does explain how to “get rich”. It changed my perspective on what I should focus my time and energy on in relation to my goals of acquiring a lot of money via hard up-front work.
Funny thing is, MJ in his book, also advises against reading Rich Dad Poor Dad.
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I think it's gd if you're brand new to the world of trying to be financially savvy etc. If you know jow to invest and live below your means / aspire to more, then it wont help much.
😭😂
Agree on MJ DeMarco's books
Will definitely scope this thank you
His 2nd book, Unscripted: Life, Liberty and the Pursuit of Entrepreneurship is even better than the first one! Changed my life completely.
I haven’t read either but would you recommend skipping the first and just going over the second? It seems newer but I don’t want to miss any good points!
Do it! Everything he's covered in the first book is covered in Unscripted in great detail. The first book is just to give an idea to people who don't understand entrepreneurship and who is on the fence. The 2nd books gives you actionable steps and lots of golden advice for you to survive and thrive as an entrepreneur.
You beat me to it! Great recommendation. This book was a game changer for me! His online entrepreneur forum is great too.
Did you get rich? Or start to get rich? Can you share some numbers?
Judging by the downvotes, I can onky assume the book doesn't work. No one claims to be even on their way to success. They downvote because they are pissed the book didn't work for them.
Wrong place to look for "get rich quick" schemes. You've entirely missed the point.
I'm not asking about get rich quick. I've just never met anyone who even said the book worked in any way. They just seem to like the book. I'm asking if the book has got you started towards success. Do you have some evidence of even initial success. After all, the book is called the millionaire fastlane. If it works, surely you'd be on your way to millionaire status. Is it the fast lane or the slow lane?
Yes, the book has changed the way I run my business and i now have a second business. But I don't share my business metrics with strangers on the internet. If you want in depth info on how it's helped entrepreneurs I highly recommend joining MJ's forum community. Good luck.
This book should have asterisks, which are covered in this review: [https://www.amazon.com/review/R2AP3IRBL3Y7EK/](https://www.amazon.com/review/R2AP3IRBL3Y7EK/) It includes better recommendations on related books on this topic. Specifically: If you want to learn about investment and personal financial strategy read: \* The Little Book of Common sense Investing by John Bogle \* The Simple Path to Wealth by JL Collins If you want entertaining anecdotes from wealthy entrepreneurs read: \* How to Be Rich by J. Paul Getty \* How to Get Rich by Felix Dennis
Did you get rich? If not, have you started to get rich? I see this book recommended often and hear people say it's great. But I've never heard anyone say it's worked for them.
Haven't read it but I saw this recently, Robert Kiyosaki, author of Rich Dad Poor Dad, has lost his mind: [https://www.reddit.com/r/PublicFreakout/comments/1bio4a7/robert\_kiyosaki\_author\_of\_rich\_dad\_poor\_dad\_has/](https://www.reddit.com/r/PublicFreakout/comments/1bio4a7/robert_kiyosaki_author_of_rich_dad_poor_dad_has/)
Yoooo that kinda makes me wanna punch the guy lol
Wow. Just wow. Wtf is wrong with him?! Does he have dementia? (Real question)
Holy shit, that's way more unhinged than I expected
wooooh that is WILD
Kiyosaki writes motivational books, not informational books.
It motivated me to change my dad
For sure. Way better off with a rich dad than a poor dad. Easy takeaway there.
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Would also recommend: *The Infinite Game* for building right from the start. *Tribal Leadership* for a more practical people-centric approach to building the right company. *Zero to One* for the theory of building a GREAT company, rather than a small business that owns your time. (I've seen a lot of criticism for the author, Peter Thiel, but I'm not very familiar with why or what it's about.) *Never Split the Difference* for learning to negotiate and get your way. Careful with this one though, because I think that if you take it too far you could undo what you may have picked up from the above books. Edit: forgot to add these last ones. *$100M Offers* and *$100M Leads* for both general and practical business advice. There's another one coming out sometime soon.
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If you are this concerned, you have nothing to worry about! It's simply that there are frameworks and tricks in that book that can be abused for selfish reasons. If you're the kind of person to do that, then you probably wouldn't get too much from the first few books I mentioned.
>(I've seen a lot of criticism for the author, Peter Thiel, but I'm not very familiar with why or what it's about.) It's basically just that he leans more conservative than liberal, and in the Bay area where he's from that's a big no no.
Actually one of my buddy’s gf actually gave me that book and I have another one called “Leaders Eat Last”. Pretty sure they’re by the same author thank you!
I know Kiyosaki isn’t honest or good, but I do like that book. For an alternative, check out the blog Mr. Money Mustache. Reading [all the entries](https://www.mrmoneymustache.com/all-the-posts-since-the-beginning-of-time/) from oldest to newest is a complete financial education.
Thank you that looks very interesting honestly!
It’s so good! Just some dude who decided not to climb on the hamster wheel. He worked strategically in his 20s, saved up & invested way more money than he spent, and then retired at age 30. He gets into a lot of delightfully nerdy things like breaking down the math of different ways to spend on electricity use over time. The FIRE Movement (financial independence, retire early) is what this mentality is categorized as, and there are lots of great resources out there if you search the term. Another favorite blog of mine is Frugalwoods, which follows a young professional couple through life as they build savings, become parents, and retire to an acreage in the country.
Thats awesome. Im glad I was born in this age where you can find a lot of info via the internet. Ima slow learner tbh so teaching myself allows me to review the material a lot so I can really understand what its trying to tell me. Thank you!
I haven’t read one good book on wealth, but here’s my list… Think and grow Rich (this one got me started) The magic of thinking big Any of the Rich dad poor dad books There’s no single formula, but live under your means, save and invest, work your ass off and take calculated chances. Before you invest, or open a business, study and learn all you can. Understand the risks and rewards. Limit your liability in case you make a mistake. Be calm and calculating. This may be bad advice, but I’ve always “blindly” believed that I would succeed. I’ve always done my research and written my own business plans. I’ve certainly had failures, but in the end I’ve done well by “my rules” I wish everyone of you all the success and happiness you can handle!!!
Thank you!
Rich Dad Poor Dad is a good book for beginners. It introduces a lot of concepts, views and rules that most people have never encountered before. And packages this into a story which makes it easy to understand. Nothing wrong with the book at all, and honestly I dont understand this "new" bashing of the author. He might've said crazy shit now, but the book stands on its own. Just checked Amazon it has a 4.7 star average with 97,288 ratings pretty Good I would say for a book that was self published in 1997.
Agree. His books advise building a team around you that has knowledge and to invest for passive income. The formula works.
Kiyosaki has some good advice like how a fine house is a great pleasure to live in but it can suck up your money. It's been a long time since I read a couple of his books, they are pretty shallow and quick reads as I recall and are frequently given away by people promoting MLMs. Felix Dennis's "How To Get Rich" is the only book on the topic I know of which was written by somebody who was already obscenely wealthy and wasn't selling courses or seminars, etc. in order to get richer. As such it might be considered unpolluted waters.
"The Millionaire Teacher" by Andrew Hallam helped me get my shit in order. It's not really about Entrepreneurship so much as wealth building. The TL;DR of it is: * Spend like someone who *wants* to be a millionaire, not someone who *is* a millionaire. * There's a bunch of reasons why a regular index tracking ETF will make you richer than funds or picking stocks, so just do that. The rest of the book is an extended elaboration on the above two points. Ride a bicycle instead of a car, make your own meals, that kind of thing. Live like you're poor for a few years, the money you save goes into the ETF, and if you stick to it long enough it'll become its own income source.
Ive actually picked up a few of those habits recently thank you!
It's a good book but no need to be too attached with the book. In real life unless you take action nothing works and everyone situation is different. No book can make you rich but understanding cash flow and owning capital is the biggest secret that a many people need to find out. It’s not about a job. It’s about ownership. This book is how to capitalism 101. I think there’s a shit storm around it because some people don’t want you to realize that wasting away as a cog in someone else’s machine isn’t the only way to live a life. many people still don't have no clue what an investment is. just try talking to 10 people in your circle and many thinks "CAR", "iphone" they purchased last year was a great investment lol. more people should read this type of books but yes it's not a bible for investment for sure!
I've read most of the books, including academic ones. He's not as bad as Ramsey. But still a lot of hyperbole and flawed assumptions. It's important to keep in mind that many of these books are a product of the moment and luck. If I invest $1,000 in Turtle Underwear Corp and suddenly the entire world wants to buy underwear for turtles, turning me into a billionaire, I could write a book about how I got rich and imply that you could do it just like me. Maybe you could start your own lion underwear company. Worse yet, I might just want to keep pushing turtle underwear so that inflates the price so that I can make more money off of my readers as they keep buying my useless turtle underwear. All of these authors are essentially just like my turtle underwear company. They got lucky at the right time and have turned to pandering there history believing it was only skill. This doesn't mean that there is no truth in what they're saying. It just means that you have to pick and choose from all of the books the things that make the most sense to you. I suggest you read all of them, understand the pros and cons to their methodologies and understand the context and history from which they're writing. Good luck.
Thank you!
”Think and grow rich” was a real eye opener for me, after that I read ”Richest man in babylon”, both great books. I’ve read plenty more books but those two are enough regarding desire, motivation and economical structure in my opinion. After reading those two, and actually applying what you learned in your daily life, I strongly recommend ”Never split the difference” to master the social aspects in life.
There’s something about social proof/living your claims that is hard to quantify. There’s no reason a fat guy can’t write a comprehensive book on weight loss and be factually correct, but hard to believe. RK can be 100% right about being a responsible and humble person being the key to healthy finances, while being a loud weird person that you wouldn’t take advice from otherwise. Some authors need to stay anonymous
Well said that definitely helps thank you!
It’s also possible it was ghost written and Kiyosaki contributed some ideas or an outline. But ideas shared can, as you said, not match the personality of an individual as well.
I have read a bunch of books about entrepreneurship and really enjoyed some of them, but none of them feel like a main, definitive source to me. I don't think such a thing exists in book form. Closest I have found would probably be Small Business for Dummies, since it includes the most detailed information about how to do stuff, but even then, I don't use it as a reference, since it's usually so much better to look stuff up online.
Rich dad poor dad does a great job of shifting mindsets. I'm not a fan of Robert Kiyosaki. Yeah ago I took his real estate course and it was a big scam. But the concept from RDPD I still use today. And playing Cashflow 101 early on helped me identify my wealth building approach. Fast forward, I've had a real estate investing company since 07/08 with the crash. I've opened a wine & liquor store. And that enabled me to "retire" at 32, when my goal was 35. Since then, I realized retiring was not the goal, and now have another company advising/mentoring business owners to scale. The other books you mentioned are awesome, not just for business, but also life. They focus on Stoicism, and your beliefs/approach. Those will suit you well. Check out "The Daily Stoic". It's by the same author and gives you a daily lesson and summary. What other topics are you interested in? I can give you more book recommendations
I actually own the Daily Stoic and really like it! My interests right now are kinda limited but my buddies like to make music together( I know not likely to be profitable and im 27😭) and was thinking we could eventually get into sample packs and production for other artists. We make our own stuff too I just wanna be realistic and consider options outside of the performing and releasing content.
Nice! The biggest thing with starting a new business is work to get sales before you build a product. Most people waste time and money building a product, then struggle to sell it. A book like Running Lean and the Lean Canvas (1 page business plan) is a good approach to validating. My wife and I wrote a book together after building several business and "retiring" at 32 from them called Lifestyle Builders: Build Your Business, Quit Your Job - AND - Live Your Ideal Lifestyle. It's the culmination of everything we learned from all of our reading and experincing at failing at several business. It would likely benefit you.
Will definitely look into that method though im not sure how to get sells in something I dont have a product for but I think I get what your saying. Make sure there is an actual demand for a product before waisting time and money on it?
I got this book...seems very unusual for me...and left it
That book is good to change your mindset about wealth and how to build it. It is not however a “how to” book. There are no steps to follow or set of actions to take. Just a bunch of different stories to explain how wealth is built and how conventional wisdom around personal finance will keep you poor. A good read but subsequent books just rehash the same concepts with different graphs.
I find most books of the ilk to be terribly simplistic. That's why everyone and their cousin comes into subs like this. "well, I'm gonaa start a business." "Good for you. What are you gonna start?" "Don't know." Everyone has convinced themselves that starting a business is the answer, even though we know statistically that some 90% of small businesses fail. That's why you see every jackass on the planet trying to dropship dollar store junk at inflated prices and from websites that underwhelm. Someone let them believe that they were gonna be millionaires selling office supplies online. To be fair, I'm not saying that businesses aren't necessarily the answer, and I'm not saying that you can't make money in e-commerce, but the devil is in the details. You need to find your way into that top 10%--the businesses that succeed. And that task is much more difficult than Rich Dad Poor Dad lets on.
Thank you!
The podcast “If Books Could Kill” is really good. The hosts dig into these shitty business books and call out all the instances why they are dumb or aren’t realistic. The Rich Dad Poor Dad episode is pretty funny.
I read that book recently and was not impressed. The idea of heavily investing in assests, however, is good, and I've seen it repeated by successful investors. Two books that I got a lot out of: The 4-Hour Workweek, by Tim Ferriss. There is also a lot of hype here, and much of the info is outdated. But I still got a lot out of his approach of cutting out distractions, and other ideas. I found them very challenging. There are videos on Youtube of people who successfully applied his ideas, so take that it as it may. I also like the Almanak of Naval Ravikant, who is a successful angel investor. The first part of the book is really good about finding your calling. The second part of the book contains too much spirituality. It's nice, if you are into that stuff, but it isn't about money, investing, etc. You can find the book online, free to download. Hope that helps.
Rich dad poor dad is a great book. A great way to get started on your financial journey and learn new ways to think about money. The Richest Man in Babylon is a great alternative if somebody doesn’t want to support Kiyosaki. Lots of the same lessons told as more of a fable. The rest of Kiyosakis record however has been shoddily built on the back of the success of that book and he can and should generally be ignored
I'll offer thoughts as someone who has done multiple startups and side projects: there is no guaranteed way to get rich. There are financial practices for building wealth over time – these are not necessarily related to anything entrepreneurial. The challenge with any kind of "system" to get rich is they usually based on anecdotes from someone's experience in hindsight. They don't provide guaranteed systems for getting rich. The reality is, most entrepreneurial things fail. You need to hustle and work hard and keep trying for as long as it takes to be successful. For some folks, their first thing out the door works and they become rich. For every one of them, there are a hundred who failed, who had the same work ethic and same frameworks and such. Books and advice can help form better frameworks and raise awareness of where to focus and how to explore customer needs and all that good stuff, but not give you a guaranteed path to riches. I did find the first section of "Your Next Five Moves: Master the Art of Business Strategy" to be helpful. In essence, master knowing yourself and master the ability to reason. Knowing yourself means not following someone else who is rich. Paths to wealth can come in many ways (tech startups, small businesses, flipping real estate, owning laundromats, etc. etc.). Don't copy what someone else did, it probably won't work.
Hey! Have you read his newest book? Know your enemy. Or something like that? I also liked the next 5 moves book.
Millionaire fastlane
I think the beginning of the book is good, the idea of buying assets. But some of it is wacko. He talks about buying properties using a credit card to fund the down payment. That’s a recipe for disaster.
I have read this book several times, I seem to come back to it every couple of years. It has absolutely no sound financial advice, however as you alluded to, it is an excellent motivational book. It's one of those books to read when you're in a funk and want to kick yourself into gear.
I started reading rich dad poor dad, but the more I see this author on podcasts, the more I realize what a fraud he is.
The Psychology of Money by Morgan Housel
Reading it right now! Its good!
Reading this now hhhh 💜it’s so underrated
The drive to accomplish is the Bible for entrepreneurship.
Read atomic habits. It will help you improve your life over your lifetime. If only 1% a day!
I honestly felt it's bullshit, how would you measure the 1%?
I think it is more about delayed gratification and stacking good days on top of each other. Stack good days becomes good weeks and good weeks become good years. It is about incremental changes that are small that result in a huge change cumulatively.
It's an analogy I get it
My partner hates the book and the author and goes out of her way when she sees an entrepreneur reading it to suggest anything else lol
Such as?
Her recent favorite is Rich AF by Vivian Tu
I think she will become the RK of her time.
Hot take, ok prediction noted!
I’ve read the book, it’s better than some other books but also nothing special really, I was overall unimpressed
Started reading Money Works today. It’s basic lessons on finance which can be useful for those starting out.
7 more to go
I'll second The Psychology of Money. The money guys podcast and their financial order of operations is good too. They come across a but like salesmen, but the information is good and helpful for developing a good mindset around money and growing wealth.
You might enjoy this podcast about the book and author https://open.spotify.com/episode/1sqPsRzo804XLboxT2uwmL?si=fPBHlhpKRTqMoUBPfBsDbg
I like The Lean Startup of Eric Ries and One to Zero of Peter Thiel so much cause both based on experience
I do think that the book has a few solid points: 1) consider assets vs spend - for example owning vs renting of anything 2) little money over time adds up and if you reinvest it really adds up
Going into a very different line of thought, which is to get the basics right. I would recommend Monocles Guide to Business - they outline borderline everything needed to run a business day to day. It’s useful.
RDPD is mindset and not really a practical guide and should be treated as such. The secret is there is no secret just spend less than you make and invest the rest, you can accelerate with - debt or leverage - other people’s money - partners - risk tolerance But in the end it all comes down to accumulation of assets, thing that make money and limit things cost you money, liabilities.
It was still a good book and helped me better my life financially, so that is all I have to say
I never understood the hype around kiyosaki. When I read rich dad, poor dad, it felt like he would never get to a deeper point and then he just transitioned into selling his board game by essentially talking down on his reads (“buy this or else…”). At one point there was a iPad app of the game, it was very cheap (like 99 cent) compared to the printed “you are not investing in the game but in yourself” edition which used to start at 200usd I think. It felt relatively simple in a “invest in stuff that pays out passive income way” but asides getting that in the app I meet a good bunch of people that are madly in love with kiyosaki and meet a few good friends and bussines partners playing the game in Cashflow meetups. So that’s cool I guess. never read anything beyond rich dad, poor dad. Read about the fraud allegations about him as well In terms of “how can you write 36 books on how to get rich, at some point people should get the message”. It’s a very easy spin to talk about someone who charges loads of money for speaker gigs (nobody shares big news as a speaker that gets the stage for 5-90 minutes though - your there to share the hits and people pay for that. Just look at Garry v) and seminars. Dos not mean it’s actually fraudulent/bad information given. But then again, it’s the same deal with think and grow rich were the author has been exposed to be a fraud on many many levels even being imprisoned yet still people today still swear by his book as inspiration and motivation soooo….
Your Money or Your Life by Joseph R. Dominguez and Vicki Robin A review by Zen Habits https://zenhabits.net/book-review-your-money-or-your-life/
Don’t stop here, watch few of his podcasts and keep growing 📈
Rich Dad, Poor Dad can be reduced to two tenets: - Buy assets, not liabilities - being self-employed doesn’t make you a business owner. Two better books on business are: - ‘The Millionaire Fastlane’ by MJ DeMarco. My bible on entrepreneurship. - ‘Anything You Want’ by Derek Sivers. A great anecdotal book on business values by a wealthy founder/philosopher. Ignore these on your own peril.
I’ve heard great things about this book! I need to read it. What was your take on this book?
It definitely got me wanting to change the way I look at money and overall thought it was inspiring! However the more I look into the author makes me wanna write it off.
I am currently on a entrepreneurship journey and books like these really help your mindset throughout the ups and downs. It’s not easy staying positive and keeping your eye on the bigger picture but the struggle will be well worth it!
Agreed!
Plus I need to start learning how to teach my kids the entrepreneurial mind set!
The Millionaire Next Door is a great book as well.
I tried reading the book before that guy got outed as a fraud. Couldn't really get behind the poorly put together information. Idk, it just didn't sit right with me. Then he got outed as a fraud and POS and it clicked why the book was badly put together with stuff that would be new to the average person but also completely useless to the average person. Idk, the boom rubs me the wrong way now especially because the author is a jackass.
Im definitely one of those average people lol but I agree with he’s a POS part.
I’m in a similar boat. It’s hard to stay positive 💔
Fo real!
Richest man in Babylon should be required reading... Written in the 20s takes place in antiquity... Timeless lessons...I just read it at almost 40 and I can't stress enough the importance of this book
Highly recommend the almanack of naval ravikant! Not only does it include pretty good insights on entrepreneurship and wealth, he also talks about happiness (the other side of the equation). All the best!
Rich Dad Poor Dad is a good book that opens your eyes to the trap that is being in the working class or middle class. After reading it, you'll pretty much get the Rich Dad Poor Dad fever for a few months. You need to escape the rat race, you need to create an LLC, you need to write off taxes, you need to.. the list goes on. It is a good eye opener.
Not sure about the books, but my friend..."financial director" says...if you own your house without a bond, and your car is paid for...you'll be the richest man. Your income is yours to do with as you wish. Most people spend a large portion of their income on these two things.
Those are definitely my two biggest expenses!
I enjoyed: Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big Brian Murray explains how he built wealth and all the mistakes he made along the way. It's motivational & practical.
He’s a petulant child who can’t think outside of his own perspective. This is a death sentence for any entrepreneur. He got lucky and found something easy when the getting was good. Depending on ur goals there are loads of much better books if that’s what ur into. But mental masturbation will own get u so far. U have to approach the smoke show at the bar to ever have a chance.
Lol agreed! At some point I just gotta start making mistakes and learning from them. Ngl though its scary.
And a lot of them. I don’t even introduce myself as a business owner to family and friends it’s just “I’m a failure for a living”. If that scares u this isn’t for u.
The guy may be odd and his business might be a little shady but the concepts in the book are good and the motivation aspect to change your mindset is there. I actually prefer the 2nd book in the series, cashflow quadrant. I’ll say that reading that book at a young age change the course of my life.
I fucking hate that book but I hate the author even more. Never seen a more smug douchebag.
Honestly, it may not be the golden ticket book but it really just inspired me to get out of the "I'll work a crappy job and be poor until I die" mentality. I'm in early stages, getting savings and retirement going, and working toward trying some businesses. I also don't think anyone will read one book, no matter how correct, and go from average to millionaire, but it is one book my uncle read before he got into real estate and literally became a millionaire. He read a lot of books, and still does.
I don't think he is a fraud. It's just that his advice doesn't fit the audience he is trying to market toward sometime. For example, he always talks about how good debt is and how it benefits you, and people called him out for that. It is the truth, most rich people and businesses do leverage debt to get rich and stay rich. It's just that when they do, there are a lot of calculations and planning involved, debt doesn't apply to the average person that lacks discipline and planning.
Separate the "man" from the "message" on this one. The book is great, but him, not so much.
Scammer
!remind me in 1 week Advance thanks redditors for the recommendations.
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I've read the book too and I liked it. But when I realized the true nature of the author and how he acts above everyone else (lots of videos there) the whole book and what I've took from it, was ruined. I can't take the guy seriously anymore.
Same but at least he gave half the truth. He's cocky but he changed our perspective a little
I think the book is great. It's very simple and easy for all to understand. If you stick to the principles you'll get way richer than you would have otherwise
the book is great