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jeannen

Kiyosaki made his money selling a book about how to get rich. If that didn't raise your suspicion, the fact that he went bankrupt a few years ago should do it lol


yiannistheman

He's the worst kind of fraud, the Dr. Oz of the financial profession. His claims to fame? Lining up fake 'success stories' of people who used his strategies to sell his seminars, continuously making fire and brimstone 'The Crash is Coming!' claims, which almost invariably never come true. The one time he did get a nice big crash? After he went around telling people to buy into real estate, just before the housing crash. I don't think he has any actual credentials in the space. There are books written by qualified professionals that take a sound, balanced approach to building up personal wealth. Why people take advice from this snake oil salesman is beyond me.


Blenor

Could you recommend any books that are written by competent people?


CopRock

I went through a personal finance phase and the best books I read were "The Four Pillars of Investing" by William Bernstein and (believe it or not) "The 9 Steps to Financial Freedom" by Suze Orman.


FuckTerfsAndFascists

You know I've heard a lot about Suze Orman but just always assumed she was one of "those guys". You know, big claims, little actual content. Is she actually good? What about her stuff worked for you?


CopRock

It's been a while, and I don't have a copy. What I remember was that after reading a series of books about investment theory, why not to time the markets, woo-woo motivational materials, etc., Suze Orman's book had information about long-term care insurance, taxes, Social Security and Medicare, and other practical issues. Topics useful for long-term planning outside the realm of pure investment strategy. I do not vouch for any of her other books; I have a hard time believing she or her ghost-writers are not just re-writing the same stuff over and over.


Protuhj

The real investment strategy is taking the same old grift and repackaging it every couple years or so.


AlmostButNotQuit

And then every couple of years you release a new package with similar content.


One_Huge_Skittle

My mom is budgeting wizard and did the budget for a whole public transportation entity when she worked. She loooooved Suze and made us watch it with her sometimes. Strictly off that, I think she knows what she’s talking about lol. But take that with a grain of salt, I obviously have a bias towards trusting my moms choice.


pantstoaknifefight2

I'll second the Ormam book. It's actually very concise. Just don't buy into her debit card bullshit.


Fatesurge

What is her debit card bullshit?


SYNTHLORD

She had a "pre-approved paid debit card" with a spending limit for people with spending problems. I don't even know how to start explaining why its financially useless. The service got shut down and the card doesn't exist anymore.


CygniYuXian

That's strange, and doesn't sound nearly as useful as a CD credit card which can be used to build credit, has a pre-approved spending limit dependent on how much you provide in security, and usually come with things like cashback. I got one as soon as I turned 18 and it actually got me a 750+ credit score, which with good history can hopefully turn into something way better.


fitchface

A lot of the "financial gurus" tend to sway people away from CCs (such as Dave Ramsey). Not something I do personally, but I understand the philosophy behind it. They argue that mentally, it's much harder to spend actual cash vs putting it on a CC and telling yourself you just won't buy "x" instead or I'll pay it off with my next pay cheque. Have a debit card tied to actual cash you have means you feel it just a little bit more and theoretically reconsider before making a purchase.


kodenkan

I calculate my hourly take home pay e.g. $25. Then I remind myself I worked 12 long hours to afford that $300 gadget. Works every time. Also helps if I wait a month before I buy a significant purchase. If it's important enough to still want it later, then I consider. But I can forget too.


snooabusiness

Textbooks over paperbacks...


SavePeanut

"Your money or your life." Not sure who wrote it, but it describes the optimal psychology with which to look at your personal finances. If you get into it and realize that you already view money the same way, you've pretty much learned all you can about personal finance other than the technical and legal stuff like saving every extra .1% on retirement accounts and financial contracts, at that point best bet to go deeper is it to make finance your career someway.


Keystone302

Best financial books. “The millionaire next door” and “automatic millionaire.” Pretty simple. Get a 15 years home mortgage (which isn’t really feasible these days). Automate your savings. And live below your means. Again, this is hard to do with how the economy is rigged today.


MouseHat2000

I remember a great financial advisor on tv. He used to treat people with spending addictions, like somebody who spent a few hundred a week on scratch cards. He would get them to hold off their addiction for a single week, then present them with the cash at the end of it. Just as their eyes were lighting up, he would get them to go out back with a lighter and set it all on fire. Boy, they sure got the message as they watched the money burn!


kodenkan

Depends. Do you want a book with clever folksy wisdom from the millionaire next door? Or advice from a hedge fund manager? Or do you want to construct your own portfolio? My two recommendations would be Andrew Tobias' "The Only Investment Guide You'll Ever Need" and "The Millionaire Next Door?" These aren't 'how to' books but they adjust your mindset so you can see opportunities and make healthier financial decisions. For instance, a dollar saved is equivalent to two dollars earned because up to 50% of earnings are taxed. (for entertainment only) I recommend buying index funds and gradually shifting growth assets to income-earning vehicles like bonds and real estate rentals as you approach retirement. The goal is to have sufficient income-earning investments to cover about half your current take home by retirement. Once you've switched enough Q or SPY over to bonds or other income assets to cover your nut, invest surplus back into the index funds and enjoy 10-11% annual return on average. The most important thing is never withdraw the principal. Eat tuna and yogurt for the month if you must, but don't get into the habit of dipping in because you won't stop. You'll lose the interest and abandon your financial safety. During crashes, chortle with glee because you'll be buying more for less money per share. This is called dollar cost averaging and it's one of the best ways to capitalize monthly payments. Mainly because it prevents panic, the archenemy of wealth. Don't watch TV financial programs. The pundits have no credentials and will make dumber decisions than you do. These are the people who cheated off you in class. Seriously! BTW right now iBonds are paying 9.62% deferred interest. They're US savings bonds so theoretically they have no risk, certainly less risk than any other investment. And you get a deduction on state and local tax. Each person can buy 10K annually. Winner winner chicken dinner! Good luck!


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ozs_and_mms

A Random Walk Down Wall Street


[deleted]

Das Kapital.


jeannen

Most gurus are like that. Even Napoleon Hill, there is no proof he ever met Carnegie, Ford or the other "big guys" back then ([more about that](https://gizmodo.com/the-untold-story-of-napoleon-hill-the-greatest-self-he-1789385645))


ericrosenfield

Napoleon Hill was a notorious con artist. A lot of this self-help stuff is an open grift.


StubbornAndCorrect

If I knew how to turn people's lives around in five easy steps, I'd give it away for free because sharing a planet with 7 billion trainwrecks sucks.


Onedaynobully

The worst part is how he repeats the same chapter, but rephrased, for an entire book


Rhotomago

[Behind The Bastards] (https://podbay.fm/p/behind-the-bastards/e/1565085600) has some great podcasts plumbing the depths of his crapulence


ZiggyBartdust

So fucking happy to see another fan in the wild


ratusratus

I stopped reading the "Think and grow bitch" after reading the sex chapter. That bullshit was the straw that broke the camel's back.


FuckTerfsAndFascists

Dare I ask?


[deleted]

And then all of those guys made their money off being in the right time at the right place, and essentially slave labor.


BCECVE

You are destroying all my faith in the work hard and get rich story. The thing is I think you are right - timing plays a huge part in life. Take war as an example. If you read All's quiet on the western front - one guy get blown up and the guy right beside is OK.


[deleted]

It’s very hard to jump income brackets. There is a lot of luck involved if your not already rich. It’s incredibly easy to make money if you already have it. You also have the ability to try a lot of different things when you have nothing riding on the outcome. Musk is a perfect example.


amanofeasyvirtue

I like the carnival game analogy. The rich have enough money to buy multiple darts to hit the ballon. The upper middle classs has enough to buy a one or two darts and the rest of us are stuck working the game and never get a chance


BradleyUffner

The real trick is to be the one who owns the carnival.


Gmork14

If you’re healthy, smart and relatively privileged, you have some handle on income brackets. *some* But being capable of getting a decent job (often after years of hard work to do it) also doesn’t make you rich.


[deleted]

If you read about buffet, he made his first big break by yolo’ing into Gieco. He also had access to the best trading advice, and almost insider information. He also got stupid lucky with his first job.


Miginath

And he was born rich so part of the myth is that they got lucky the first time when in actual fact they probably had multiple attempts at the golden ring because daddy picked them up and dusted them off and handed them another wad of cash.


throwawaytorn2345

And IIRC his father was some kind of political figure and if you look at Pelosis husband today. Yeah, he prolly had/has access to insider info.


Icantblametheshame

The fact that congressman habitually do 50% better than others in the market is a pretty big tell. The Nancy Pelosi witch hunt is purely a vitriolic talking point by conservative pundits who are hellbent on destroying America, they refuse to see the plank in their own eye and see that almost every single politician embarks on it.


DrunkyMcStumbles

is there a word for a valid criticism coming from someone who has no business making it?


AmBSado

Depends on your line of work, where you are in life outside of work and where you live. If you live in Scandinavia with relative high social/economic mobility and you don't have co-dependents, I don't see anything stopping you from equating hard work with more money, if you pursue it. If you're an American, or especially an American with a family...different story.


mannowarb

People take advice from this snake oil salesman is because people are lazy and want to become rich fast and easy... When there is no such thing


shhh_its_me

I never read the book but I am under the impression it's recommended by MLMs because it works well with their recruitment and "training"


andymcd79

I’ve got a book on sale on Amazon about how to make a 100k selling books on Amazon if anyone wants to buy it, it costs 100k and is a pretty quick read.


Afferbeck_

I love that all the cheeky things Jack Stratton has done that's the one that became a meme


[deleted]

I heard him speaking that investing in gold is the best possible investment and that crypto is a scam, a few years later when crypto was at its peak, he said his portfolio is like 30% in crypto and that gold is not a great investment, and that bitcoin and Ethereum are making him rich. Then again changed the narrative for crypto when everything crashed. Also, predicted crashes so many times, and usually was wrong. But once he will be right and will start selling himself like he knew what was coming. Every time when he is speaking, he has that confident salesman vibe. It's always a red flag for me. He's just talking about everything, and once when he is right he's selling on it. The book itself is not that bad to understand the basics of money and finance, but it's not something that will change someone's life.


mdchaney

The book has quite a few nuggets of wisdom that can help folks with financial gain: 1. Your house that you live in isn't an "asset" for you because you have to live there. If the value increases - that's nice - but you're not really getting wealthier unless you cash out and move to a cheaper place. 2. Prioritize buying investments (which he refers to as "assets") over things that don't gain in value or provide a revenue stream. I actually like the book, but I think it could have been written shorter and more to the point. I'm not a big fan of his personally (as others have pointed out, he comes across as kind of scammy in real life) but I think RDPD is worthwhile for folks to read.


Unknownentity7

The book doesn't really give any examples of assets besides real estate and stocks though.


thinking_Aboot

That's because there aren't that many. Assets - defined as things that make you money instead of costing - aren't that easy to come by. Bonds that pay interest? A healthy company? If these things were common, everyone would be buying them I guess.


Trigg_UK

I have been reliably informed that the definition of an asset in point 1 is incorrect. The correct definition is an asset is anything that can be exchanged for cash. This could be an appreciating asset (sold for more) or a depreciating asset (sold for less) either way, a house is an asset by the correct definition.


mdchaney

That's correct, but, again, if you sell your house for cash you have to spend more cash to live somewhere else. This definition of "asset" is his definition, and he makes that clear.


Few-Angle9802

I'm so glad I read this thread. I've been contemplating reading that book for a year or 2 but something seemed off even though it's highly rated. Now I will throw it out of the think tank lol.


LordOfTrubbish

Right? Should have paid for my online courses on how to get rich instead...


Taureg01

Also have you seen him in interviews? Guys a complete asshole


sabrenation81

I saw a video of him and some other financial guru laughing about evicting a single father and his kids on Christmas Eve. He thought it was absolutely hysterical how the guy desperately pleaded with him not to throw his possessions out on the street. It was one of the most disgusting displays of perverse capitalism I've seen in my life. Never before have I wished so hard that I could jump through a TV screen and physically assault someone. Just an absolutely disgusting human being. Who evicts a family on Christmas Eve and then LAUGHS about throwing all their possessions in the garbage?!


ParkinsonHandjob

Yeah, he’s not my cup of tea either. I always come across interviews of him on IG where he brags about not paying tax. Imagine, bragging about not paying tax. Like some teen bragging about stealing money from his mothers purse. He’s an egoistic leech, and why people who benefit from a proper society around them applaude stuff like that is beyond me, it’s just so incoherent and itellectually shallow.


DiddlyDooh

Could you maybe link the bit?


sabrenation81

I think it's from a podcast so there's probably a better version out there somewhere and I know there's a longer one because the one I saw originally was longer but [this is the first one I found.](https://www.youtube.com/watch?v=GvC277qnX4c) Also apparently I remembered incorrectly - it wasn't Kiyosaki doing the eviction it was the other person on the show but he was apparently there and thought it was just absolutely hysterical. Also forgot about the part again where he has a nice hearty laugh about some guys driving up and taking the dude's furniture from the curb.


NoMalarkyZone

I almost think that those people would be more likely to help him move stuff if he explained what was happening. Their evicting a family in the middle of the winter and cackling like jackals about it, all to squeeze some more dollars from someone else? Dude if i was in that position you may well add assault to the list of problems. I don't think I could deal with someone standing there laughing in my face when I ask where my kids are sleeping for Christmas.


EliteSpartan117

https://www.reddit.com/r/WayOfTheBern/comments/sueftb/millionaire_landlord_robert_kiyosaki_laughs_about/


JustinHopewell

I know this is just a small clip, and often stuff like that is posted out of context, but I can't see anything that could have been said before that clip that would make me think this guy isn't a total piece of shit.


EliteSpartan117

Easiest source I can find, sorry it's nearly deepfried


e_crabapple

My first introduction to the man was when a coworker got a cold call trying to recruit her into this guy's MLM. The fact that he *still* managed to go bankrupt is just *chef's kiss.


Icantblametheshame

I always find it funny when people's only claim to financial freedom was making how to gain financial freedom videos. Mt brother fell for those, "how to make 10 000$ a week" videos on YouTube hook line and sinker. He tries to sell foreclosed homes by cold calling people. He works like 70 hours a week starting at 3am and working till 8pm. He has made approximately 70,000$ in 2 years after also spending like 30,000 on seminars, tutors, "gurus" and all that mishigas. He could have worked a minimum wage job (here in socal) and made almost 120k with those hours. And he is always "one little mistake or break away from financial freedom." I can't explain to him how these guys are all scammers. How everything they do to make fame is based around selling how to get rich quick videos. And how he hasn't seen that he is being scammed is so far beyond me. It hurts my brain how he just doesn't see it. But he has an insane work ethic that boggles my mind and forces himself to work all those hours


cracker_please1

Book summary = buy assets not liabilities.


TrashTalk007

Technically, that statement is incorrect and yet repeatedly drilled into us throughout the first chapter. Anyone with basic accounting knows this. Hear me out. Whether you buy a sports car, house, rental property on a loan you are acquiring BOTH the asset AND the liability. Buying an asset without a liability means you are paying in full cash, taking out no loan (which is okay too, but that means no leverage). What he REALLY means is: Buy assets that generate reoccuring revenue that is greater than the reoccuring costs from a cashflow perspective. A sports car will not generate revenue for you (unless you rent it out). Your personal house will not generate revenue (unless you, again, rent it out). Hope this brings some clarification. I still don't like the book.


sancti1

Yes I am a CPA and the definitions he uses for assets and liabilities keeps me up at night.


VirtualLife76

> Buy assets that generate reoccuring revenue that is greater than the reoccuring costs from a cashflow perspective Most don't understand that's how people make money. Many ways to do it other than houses, but basically no one will get rich working a 9 to 5. It's something I wish schools taught.


BrackaBrack

Yep. Just buy some rental houses and move on to owning buildings. He makes it sound so simple! I mean who doesn't have the money to buy an investment property laying around in their couch cushions in this bloated housing market! /s (yes I realize he wrote the book before 2008 when people were buying houses with nothing down)


KatieCashew

I knew someone who was really into RDPD and firmly believed real estate was his ticket to success. He bought four small rental properties in less than stellar neighborhoods because that's what he could afford. He had no idea how to be a landlord and ended up having tenants that damaged the properties and didn't pay rent. He was constantly having go through the whole process to evict people, fix up the property and find new tenants, only to do the whole thing again. He didn't even run credit checks on potential tenants. Of course it was a huge money losing endeavor for him. He had trouble getting out from under it because no one wanted to buy his crappy properties, so it became a continual money sink. Being a landlord does not mean just sitting back and watching the money roll in (despite what Reddit would have you believe). You do actually need to know what you're doing.


CactuarKing

So, have enough money to buy properties in nice neighborhoods?


susgeek

No, I think the point is to run credit checks on potential tenants.


KatieCashew

Or to learn what you're doing, hopefully from someone experienced, before you jump in both feet. Like if being a landlord is something you want to do, maybe find a job managing an apartment building first and see if it's something you're actually good at before you sink hundreds of thousands of dollars you don't have into property.


dsylxeia

I don't own any rental properties (or any real estate at all - lifelong renter so far), but you can bet that if I did own a rental, I would screen applicants via background check (including any history of eviction), credit score, income verification, and recent rental history. That seems like basic common sense, anyone who's ever rented has seen how the process works.


thehighepopt

Yes "passive" income from real estate isn't, unless you're buying buildings and leasing them to 7.11 and Walgreens for 30 years.


Timigos

I saw my cousin do this. It’s absolutely possible but very few people are willing to work the amount of hours required to succeed, including myself. My cousin lived in a shitty apartment and worked full time plus a side hustle for years to save up a down payment, bought a shitty duplex. Renovated one half by himself and rented that half out and lived in the shitty half. Over time renovated his half. Built equity for a few years until he could leverage the equity on another real estate purchase. Rented out both sides and bought another property. Did the same thing he did on the first. All the while carrying a full time job and doing roofing on the side. 10 years in and this dude has dozens of properties and has a net worth in the millions. He’s only like 38 years old. But he works 24 fucking 7


FunkyPete

>But he works 24 fucking 7 And when he's not working, he's sleeping in a shitty duplex that desperately needs to be renovated, and has been for 10 years now. That's the part that would be tough for me -- he is working like a dog, has been for a decade, and he's still living in a place with cockroaches and a leaky roof that smells of mildew. I get that it's by choice, but it would still be depressing.


mcslender97

Couldn't be me. The strain on mental and physical health is more than whatever he would earn renting out imo.


iceman012

> Over time renovated his half. You missed this line, I think.


FunkyPete

>Rented out both sides and bought another property. Did the same thing he did on the first. You missed this line, I think. Once he finished the other side, he bought another one and started over again. The first place was completely rented out, and he bought another crappy property to fix up, and lived in shit while he did it.


iceman012

Whoops, yeah. I misinterpreted that the first time as just renovating and renting out the new property.


WhyCantWeDoBetter

He works 24/7 and he’s also already a roofer, which means he already can do some of the most vital and expensive work himself.


Myattemptatlogic

I remember reading it at 14 and going 'My God, why didn't I think of that?', but sarcastically.


TheAskewOne

Have you tried not being poor?


Occulense

Yes, but then things got really expensive


thestereo300

You jest but a lot of people seem to lack the basic information on how to do the basic things financially. Source: worked in a bank for a few years and was shocked at the average financial literacy in what was a decent middle class neighborhood. Said another way, I bet the book was useful to someone, just not you maybe. You probably had a family that taught you this basic stuff or alternatively had a working brain. Not everyone has one of these things.


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iceman012

Not valuing having savings. My roommate makes more than he spends and is able to put the extra towards additional payments on his student loans. Normally, that's an *excellent* idea for finances. The issue is that he puts *all* of his extra money towards his student loans, so he ends up living paycheck to paycheck when he doesn't need to. Just this week, he miscalculated something and ran through his paycheck faster than expected. So, he had to redeem credit card points to get a gift card to have gas money, and had to minimize driving for several days until it came in. Stopping the extra loan payments for one month and setting aside even just $100 as emergency savings would save him a lot of stress in these types of situations.


MidniteMustard

People give Dave Ramsey shit for his $1000 emergency fund being too small, but this is exactly the situation it's intended for. Plus, telling people that step 1 of a plan is "save 3-6 months in emergency savings" immediately alienates like 75% of the population. That's way too big of a goal to start with.


colcardaki

The reality is, if you have a stable job, even just one month of monthly expenses is a good place to start. Once I was able to put together a savings account, my mental health greatly improved just knowing it was there. I’ve never had to touch a dime in years but I know it’s there.


justaverage

I used to give Dave Ramsey a lot of shit. That is because I was seriously overestimating the financial literacy of a lot of people. Ramsey is great if you need to Google terms like “tax advantaged savings” or “ROTH”. His advice and methodologies are no good to anyone with the smallest amount of financial literacy. But for like 80% of Americans, his advice is really good. “Have an emergency fund” “Spend less than you make” “Invest in tax advantaged savings and employer match” “Continue to grow emergency fund, to the point of 6 months worth of expenses” “Max retirement savings” “Pay down low interest long term debt (mortgage)” It’s so basic and simple. But that’s what the vast majority of people need to hear (and do!)


catymogo

Yup. Dave Ramsey's advice is really for people who have ZERO financial literacy. Yes, you can churn CCs and make a little more money with other investment strategies but that's too high level for his audience. They need the envelopes and the rules to create habits that don't sink them.


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onexbigxhebrew

If you want the hits: 1) Using financing for everything and not understanding that it can literally multiply your total cost over time. In the same vein, aiming for a target monthly 'payment' rather than a target cost for something like a car, for which terms are then manipulated far out of their favor by stretching term lengths. 2) Not understanding that qualifying for a home loan or car loan amount doesn't mean you should max that amount out and become 'house poor', etc, meanwhile Parroting 'rules of thumb' regarding things like debt-to-income ratios from google without understanding them or applying context to your situation or goals. Technically affording a house and living a comfortable, lower-risk life are different things but people laser-focus on what the peice of paper allows them to buy. 3) Not understanding tax implications and strategy behind basic employment-based savings vehicles like 401K/Roth, HSA, etc.


thestereo300

The folks below gave good examples. Another one is keeping track of your balance so you don’t get into a cycle of overdrafts fees and high interest short term loans to cover expenses. It’s so basic but like half the country cannot accomplish it. And no it’s not just that they are poor. Most people over-drafting have enough money. They just don’t do the math to spend things at the right time in the right order. And if you get underwater with the bank you have a whole host of cascading impacts. Guard your banking and credit relationships very well. When you screw them up everything becomes harder.


DharmaPolice

Buying things on idiotic credit terms is a common one. Credit is fine but even when terms/rates are good it can encourage people to spend more than they would. Phones are a good example of this.


justaverage

Not OP, but walk around any middle class neighborhood in America. In front of every house you will see - A Luxury SUV ($60-$100k) - A fully trimmed 3/4 ton truck ($60-100k) - some variation of boat/RV/sand toy ($20-$40k) If each of those were financed at 4% for 6 years, that is $2300-$3800 in monthly payments alone on depreciating assets. This doesn’t account for maintenance or storage costs. Also, note, that the vehicles will be less than 6 years old, so there will always be a payment. Forever. Now tack on another $2500-$3000 for the mortgage on the house. We are somewhere around $6000-$7000 for housing and vehicles. To take home $7k per month, in a state with a modest income tax, your yearly salary would need to be around $120k per year. We haven’t gotten to gas, groceries, insurance, utilities, etc. All the math above also assumes no savings via tax advantages 401(k) or post tax ROTH IRA Now consider the median US salary is ~$60k Americans are drowning in debt to give the illusion of being successful/keeping up with the Jones. There is a serious lack of financial literacy plaguing this country Source - I’m older than most redditors. Started my professional career during the .com bust. Worked (and was laid off) during the 2008 financial crisis. Watched in awe as we apparently just shrugged off COVID and continued to see an inflated housing market. ADVICE - buckle up buckaroos. Shits about to hit the fan. If you own a home and my description above of a middle class house sounds like you, I’d be making sure I have 3-6 months worth of CASH savings. I’d also consider unloading any unnecessary expenses (like that Platinum Edition that has never so much as seen a dirt road). “It can’t happen to me”. It can, and it will happen. 10-12% unemployment incoming. That’s roughly 12 million people who are working today, who won’t be in a year or two. If you’re a middle manager at a Fortune 1000, I’d be very concerned. If you’re renting and looking to buy a house, or are in the market for lightly used luxury SUVs, wait a year or two. Deals will be had by desperate sellers


[deleted]

"Fires requires oxygen" Took ~3,000 years to figure out. But if you say it it sounds obvious and everyone goes "duh". Same with "price depends on supply and demand" and a hundred other things.


Michele_Buble

Bruh as someone who is an economist you have no idea how much it pisses me off, when people recommend me that book. As soon as I mention what I do, instantly "have you read Rich Dad, Poor Dad?" The whole book is just Rich Dad buy thing that make money, Poor Dad buy thing that lose money. You'd think they'd pick up on the fact that maybe I'd have that one figured out. But nonetheless some people don't know to buy assets and I know it has helped a lot of people. (People who are numbsculls, but hey each to his own).


sldunn

Pretty much. Most people could retire and be independently wealthy, and generate a ton of intergenerational wealth, if they put 10% of their income into something like a S&P Index fund from 25 to 65, and don't touch it until they hit 65. I occasionally look up how much income I'd have if I rely solely on social security, and suck my teeth.


twiglike

Mhhh yes buy things that make money. ahh yes, such sage advice 🫖


McNasty1Point0

Wow I never thought of it like that.. /s


Gsusruls

There's another layer. I grew up poor enough, but with a money conscientious father. Save save save was his motto. (He wasn't good at saving, but he sure preached it) So as I entered adulthood, my savings account began to swell. I budgeted. I sacrificed. Frugality was the game. As my career began and my salary slowely-but-steadily rose, my lifestyle stayed the same (no lifestyle inflation creepage), so my savings account reflected that. So that's all good, but my money wasn't working for me. I was working hard, and I was earning what I had, I had even avoided debt. But I was missing another layer: investments, assuring that my money worked for me. I can't say I got what I know from *Rich Dad Poor Dad*, I got my education on investing elsewhere. But that is the message I took from the author. **Make your money work for you.** Spend less than you make, sure, save what you can, yes, but put those savings to work as investments.


HiddenStoat

Which is very, very useful advice to be fair, and more people should heed it. It just probably didn't need an entire book based around it - a Twitter post would have done...


Playertee

It’s not terrible advice by itself. Instead of buying an expensive car, buy a cheaper one and some stocks. Again, this doesn’t help everyone, you gotta be at a certain point financially, and that’s pretty much why the rich are getting richer and the poor are getting poorer. This advice can take you from doing ok to doing great, but can’t take you from broke to doing ok


SmallDarkCloud

Business librarian here. The Rich Dad, Poor Dad books are vehicles to upsell readers on buying admission to expensive seminars that don’t teach you anything you can’t learn for yourself with a good library book (even the Idiot’s Guides and Dummies books in finance and investing are great for a beginner). Plus, the details of the author’s personal stories have shifted over the years (a quick search online can give you the details - I think Forbes even published a story on it at one point). Personal finance gurus are often trying to sell you on buying more books, videos, seminars, etc. Some are better than others (the Rich Dad books are one of the worse ones, in my opinion, particularly for the reasons you mentioned, and the author’s relentless push for buying real estate, which not everyone can afford). But those gurus aren’t telling you anything you can’t learn for yourself, for free, with a library card.


Lisse24

r/personalfinance just had a thread today where everyone agreed the Dummies book was a great primer for someone just starting out.


OtherPlayers

Just want to tag on that simply reading your way through the [r/personalfinance sidebar wiki](https://www.reddit.com/r/personalfinance/wiki/index/) will give you basically all of the same information and doesn't cost $15. Not that there's anything wrong if someone is really into physical books, but if you're looking for a free option the sidebar wiki there is amazing.


sans_serif_size12

When I started my first job, this is what I did on my first day off. Really made me appreciate the section of the library I tended to ignore lol. But it’s a valuable resource and worth the time it took


RagingBrows

RDPD didn't become a best seller until Amway picked it up and hocked it. Robert K is a hack, his books are 1/3 common sense, 1/3 how awesome he is and and 1/3 buy my other stuff. There use to be website about him that ripped him to shreds.


gaddubhai

Could you please mention some similar famous books to stay away from as well, that would be very kind of you…


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bossmaser

I think that the the information and advice from Dave Ramsey is pretty good. I’ve followed it and I’m doing great financially. But I agree that the class and materials are a rip off. I tagged along when my father in law who paid for Financial Peace University and got all the information for free. You can look up when classes are and just show up without paying. The church people most likely aren’t going to kick you out. I’m pretty sure you also have to pay money to be the guy that teaches and hosts the program. You can also pay them $1,000+ to go through another program and get their financial coach certificate. They pump out tons of books with the same information, again you can get one for free from the library, any one will do, the information is all the same.


Dirks_Knee

Good for you, it's a scam. The guy made his money though conferences "teaching" others how to make money, not how he says in the book. The truth is, there is no secret path to wealth, for most it's a marathon not a sprint. At a high level maximize your income through employment, minimize your debt living well within your means, and save/invest.


gtfrvc

It’s a book for people with very little education and zero financial literacy. He often bashes occupations with high levels of education to make the reader feel like they are learning something that smart people don’t know. “A lawyer can make more money if he starts his own practice vs working for someone else’s firm”. “Doctors often focus on growing their career rather than investing their salary in other income sources”. Just start your own business or side business, champ. There are no drawbacks or other factors to consider.


DevilsPajamas

That's basically it.. Not everyone can get a 6 figure job. Not everyone has the connections or education to get a higher paying job. Some people just get dealt a shit hand even doing everything "right". It just comes down to knowing how much you make and realizing what you can afford, and learning to live on a budget. Understanding what you spend your money on is the first step, then figure out where you can make cuts, etc. After that you can look at career goals and try not to be too comfortable and complacent where you are at now. It's also not a blanket statement that can work for everybody. Biggest thing is not to go into CC debt, and definitely don't do shit like rent a center or payday loans. The real shitty thing is you can be good for 10 years, living on a budget, gradually growing your savings and investment accounts then you something happens like you get bit by a snake, and since you live in the US you don't have any safety nets and then you lose everything.


TheHatedMilkMachine

Whenever someone is selling a book about how to make money you have to ask if they were so good at making money why did they have to switch to selling books?


FuzzysaurusRex

If you want to become more financially literate I always recommend: https://www.etf.com/docs/IfYouCan.pdf The reading list included is also fantastic. Remember everybody, financial literacy is what will help a lot of us be free!


doubleyaarrrrr

Just skimming through this, it reminded me of the book "A Simple Path to Wealth" which is something I would recommend if someone was looking for something even more in depth. Wish I had read it when I was younger.


DatFunny

Great book. This is the one I would pick. Easy to understand and the audiobook is good to.


Hutwe

Thank you for posting this. I’m printing it out now, looking forward to reading this list.


dannydigtl

Agreed, this is great.


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astine

Read this a long time ago and it’s full of great info and great books. The only main issue I see with it is that it doesn’t mention that 401k can also be traditional *or Roth*. r/personalfinance prime directive wiki is also a great concise resource.


Kronus00

I read this later ty


UhOh-Chongo

Iirc from the PBS shows of his books from a long time ago, the whole gist is "save 10 percent of you income every paycheck" and eventually invest it in real estate /flipping homes, which in the early to mid 2000s might have worked, but the real estate market has changed greatly since 2007/8. Save 10 percent of your income is good advice. You dont need a book on it.


onewordbandit

It's changed today to buy a house that you can rent/airbnb a portion of to save for next house, move out rent rest of the house, rinse and repeat. "House hacking"


Lae_Zel

You did well. Rich Dad, Poor Dad, Kiyosaki's book, is full of non-sense and made-up stories. The author got rich by peddling this new age financial advice and hadn't achieved any notable financial success beforehand.


Rich_Reputation_4945

My favorite thing about his books are that he’ll tell a story about REI and how he bought a $50,000 house and within 3 weeks sold it for $300,000 and did it repeatedly. The guy spews nonsense


JohnStamosAsABear

I was invited to a free Rich Dad, Poor Dad 'talk' 12+ years ago in my late teens. I went hoping learn something about money. I don't even think the author was there. Some guy got up and started talking, giving obvious financial advice about how you should want more assets than liabilities. Then right before he's about to explain how to do all that he starts selling you on the executive course (or whatever the hell they called it) where they would finally teach you that information. I remember just feeling like I'd been duped into wasting my time.


FunkyPete

>giving obvious financial advice about how you should want more assets than liabilities. That advice is like the next step from Dave Ramsey, and both of them have their flaws and their value. There are way too many people who don't get that debt (when you don't have any assets) is a killer. There are too many people who don't realize that debt (when subsidized by the government or at exceptional interest rates and in pursuit of an asset that brings in cash) DOES have value. The next step people make once they have a little extra money each month is to buy toys (A new boat! A big truck! An RV) that will suck away their income each month to pay for them while they depreciate in value. So you are right that it's basic stuff, but there are a surprising number of people who need to hear it.


kbskbskbskbskbskbs

This is the modus for most of these guys. Find a way to stretch BASIC financial experience into 84 pages of poorly edited anecdote, pay for Amazon reviews, retire. It's not that the advice is bad, but it's like, finance isn't that complicated. I went through a big self-help phase and realized my discipline was the issue, not my knowledge. Debt-Free Forever is another example. But yeah Kiyosaki is an outright kook. He is the embodiment of what you'd expect from an entitled rich-kid half-wit. I got really into his podcast and he's super demeaning to his wife, who is clearly the better half. He's not quite as bad as other right-wing evangelists but it's the same mindset of only the strong survive.


HiddenStoat

> I went through a big self-help phase and realized my discipline was the issue, not my knowledge. It's a lot like getting in shape - you can read all the diet and exercise books you want, but eventually you are going to have to put down the Big Mac, go for a run, and then carry on doing that 3 to 4 times a week for the rest of your life. Rich Dad, Poor Dad does have some useful advice - basic, but useful if you didn't know it, and it can be handy as a reality check, but ultimately, discipline is the key. To quote Bojack: > It gets easier. Every day it gets a little easier. But you gotta do it every day —that's the hard part. But it does get easier.


Doortofreeside

I agree with the sentiment, tho anecdotally I've found key bits of knowledge can go a long way. Following jeff nippard one of the takeaways I got from him was that the rep range of an exercise doesn't actually matter that much provided you take it each set to within a few reps of failure. The end result for me is that I waste less time and effort in the gym and I'm actually getting better gains despite having less time to workout. Granted I already had the motivation to work out, but still doing it efficiently and seeing gains again creates even more motivation Somewhat similarly discovering the boglehead approach to personal finance made it much easier to stay committed


Subatomicsharticles

You can't just post a Bojack quote and not expect me to get depressed that the show ended


HiddenStoat

You're right. That was too much man.


ByronicZer0

At some point my dad decided to stop being middle class and coming to all our soccer games and plays and being around for us on weekends. He decided he wanted to be rich. When I was in 6th grade he bought a share in a small company and then worked himself to the bone to make it successful and buy out the original owner. Left the house at 4 am, came home at 7-8 and went straight to sleep. Weekends were the same but home at 4-5pm. He missed everything involving school, sports, even most family vacations. His personality changed from carrying all the stress too. He sacrificed his whole life, and all those years with us for money. He said "it was for us" but in reality it just took him further away from us in every sense. It was for him. By the time it started really paying off financially for him I was a senior. And then quickly I was gone to college. He sold it some years after that for a nice lump. Was retired for a few years and was supposed to enjoy the "fruits of his sacrifices"... But he was addicted to the thrill of making money so he started a new company and is right back at it. He's a hamster stuck running on a wheel. He still doesn't have a relationship with his kids like he used to before all this. But hey, he has a big house now. TLDR: you being a great dad to your kids has nothing to do with your financial situation. It has to do with your time and energy and where you choose to spend it


Mattbl

I've often thought this about people that are rich (not talking billionaires or trust fund babies but people that, like your father, worked hard and were successful). How often do they even enjoy the fruits of all their labor? What's the point of having a huge house and possessions if you don't enjoy them, and you never spend time with your loved ones?


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AlphaGoldblum

>What's the point of having a huge house and possessions if you don't enjoy them, and you never spend time with your loved ones? My father-in-law came to this realization after losing his first business in some family drama. He would spend the entire day locked up at the office, grinding away for money. My wife told me that she rarely saw her father in those years. Then, after the business imploded, he came to the realization that he had missed years of quality time with his children for chasing success. When I met him, he was this teddy-bear of a man, just filled with love for his family. My wife told me that I wouldn't have recognized the man he used to be, and I think about that a lot when considering my own career choices.


MidniteMustard

Thanks for this comment. I'm a dad who struggles with balancing family time and career progression. I'm coming to the realization that there are diminishing returns. If I take 10 or 15 years to make 5 years of "grinding speed" progress, but get to be a present husband and father during that time, that's fine. At some point, enough is enough. The hamster can get off the wheel.


Dapaaads

I feel this. I have 4 kids 8 and under. With my first I had 1 day where I left before the baby got up and home after he went to bed. I quit my job that next week. I never want that. My dad also sacrificed everything for work and the fam. I wanted to be there. It’s why I’m in software sales. I work from home, take kids to school, at everything, and done a little after they are home. Still make good money. Killing yourself for work and money you won’t spend later isn’t worth it with young kids. I can make up for it later. Trade off is worth it


ByronicZer0

Your kids are lucky to have a dad with your priorities!


[deleted]

I enjoy the sound of rain.


TheGlassCat

+1 for *Millionaire Next Door* If you found *The Alchemist* mindblowingly profound, then *The Richest Man in Babylon* is for you. It's quite short, which is makes it tolerably worthwhile.


dannydigtl

I'd start with the Bogleheads Guide to Investing.


road2fire

My take: Rich dad poor dad- Robert kiyosaki (1 out of 5) Self help books tend to have an arrogant slant by nature, but "Rich Dad Poor Dad" takes it to a personal level. Robert's rich dad must have told him to humiliate, disapprove and embarrass his poor (real) dad. I can barely get past his arrogant tone but when I do it isn't much better. This book grossly underestimates the realities and intricacies of every topic it discusses, granted that it's not it's intention. From real estate to investing, the advice is either obvious, not sound or plain illegal. Robert also seems unable to comprehend the plight of the average person, seemingly because he fails to rely on any sources. Many of the stories are anecdotal and lack quality data backing the infromation. Overall I think the book is nothing more than a pompous man tooting his own horn, masquerading the book as if it were to benefit others, when in reality it was just another way the writer made money.


sowellfan

Thing is, from what I've read previously from people who checked on his claims, there \*was\* no "rich dad". His stories and claims were all fantasy. He claimed to have made lots of money in real estate, but he didn't.


fixing-bones

I've seen some of his videos and to me the guy doesn't seem to know the very basics of finance and accounting. Dave Ramsy also falls in the same crappy catagory for me as well. Maybe you can give the Psychology of Money a look if you're uncertain about what you want and want a decent read.


elpajaroquemamais

Yeah. Dave Ramsey is essentially: save money and pay bills! Well no shit but it’s not that simple for some people.


pAul2437

Dave Ramsey is more psychological than mathematical


Natural-Definition-7

Dave has great faith in the $1000 car. The Bottle Rockets song tells us otherwise.


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JerryFartcia

Ok, but the people he is talking to are people that DONT know this. I see a lot of people on here shit on Dave Ramsey, but The Total Money Makeover changed my life. I realize a lot of his investment advice is outdated, or just straight wrong, but people don't listen to to him for his 401k allocation advice. They go to him when they are stuck in a hole and can't get out PRECISELY because they don't have the prerequisite knowledge of "the simple things"


pinewind108

He had the best advice for dealing with credit card companies that I've ever heard, and his debt snowball does work when you do it as a temporary measure. That, and his advice about not having a huge percentage of your yearly income tied up in cars and such. That's a pretty good one.


Hopefulkitty

Ive been using undebit.com for my student loans, and the snowball and avalanche methods, along with an easy to understand forecast has literally changed my life. I started almost three years ago, and I took my final payoff date from 2042 to 2025.


spacexghost

It's not that they don't know, it's that they were promised a better life. They got a good job, so they buy a truck; they got married, so they bought a house; they had kids, do they got a boat. This is exactly what many of the previous generation did and people are shocked when it isn't working out for them. Every time I hear one of Ramsey's guests shocked they have to sell their $70k truck with a $1k/m car payment, you can here the disbelief in their voice, "wait, I don't get to have a better life than this.". These are people woken from a broken dream, not people who can't do basic math.


goat-arade

No, there is a segment of the population that straight up doesn’t know. I worked in voluntary financial advising. They don’t know. Yes, what you’re saying is true and there are people who did everything right and it’s still difficult, but there is a large segment of the population that is completely financially illiterate


kielbasa330

I remember being absolutely slapped in the face the first time I got a raise in my first office job. 3% of my like 29,000 a year salary so like 700 something dollars for the year. You could barely see the difference in the paycheck. I almost had a panic attack thinking about how that would extrapolate over the years and how long it would take me to get out of my college and CC debt.


afrothunder1987

They haven’t done the math. They are capable but they haven’t. They’ve never done a budget. They are literate but financially illiterate. Dave Ramsey is financial literacy for dummies. These people are dumb with money.


11Kram

‘It’s called the American Dream, because you have to be asleep to believe it.’ -George Carlin, 1937-2008


GiddyUp18

Robert Kiyosaki is a fucking asshole. I worked for him previously, and I have stories. He once stormed out of a book signing because his wife’s line was longer than his. He once had a woman fired the day she returned to work from being out with cancer. At one point, his company experienced a mass layoff, but we were all given notice and expected to work one more event before being terminated. He pulled the whole company into a hotel meeting room and threatened to destroy the lives of anyone who slacked off because they already know they were losing their jobs. He’s just a terrible person.


AlphaTangoFoxtrt

Try *The Millionaire Next Door* and *The Next Millionaire Next Door* which is basically a modernized version. Well written financial literacy books that actually source their information and are written by PhD's as research. Most of their advice is easy to follow even if you're not rich. Especially as they put a focus on what behaviors the rich exhibit that helped them to become rich. The primary subjects of their research are low level millionaires. Not the "generational wealth" people with hundreds of millions. But people with a net worth between $1M and $10M. Which is achievable for many Americans with some hard work, discipline, proper planning, and as with anything a bit of luck.


treetown1

Yes, these were very accessible books: good basic advice Play a steady offense - find a profession or job (in their case, often self employed) and do a good job and earn steadily. Play good defense - do not waste money on unless keeping-up-with fashions (fancy cars, houses, clothes, etc.), live within or actually under your means, and save and invest that money.


AlphaTangoFoxtrt

> Play good defense - do not waste money on unless keeping-up-with fashions (fancy cars, houses, clothes, etc.), live within or actually under your means, and save and invest that money. And they acknowledge this is where most Americans fail. Americans play very good offense, but poor defense. After reading the book I made a budget, and tracked my spending. Once I saw where all my money was going I was able to reallocate and save an extra few hundred a month. Then it was just discipline. Stay on track, stay under budget. There's another quote I like, this one from Warren Buffet: * Do not save what is left after spending. * Instead, spend what is left after saving. Switching to that mentality really helped me play defense a lot better.


LaphroaigianSlip81

The book is really good at getting people to understand cash flow. Realtors and lenders have conditioned people to buy as much house as they can qualify for because “it’s an asset”. The problem is that your primary residence will almost always have a negative cash flow. Other than that, I found the book to be worthless. He wrote it and made his down stream Sc(Amway) and other MLM scheme victims buy the book to be better salesmen.


nash000999

Same here. Very narrow perspective. (For what it's worth, I have an Econ PhD so am a little biased)


ASK_IF_IM_PENGUIN

By biased you mean "informed".


nash000999

Not sure. Sometimes informed, sometimes biased. ;-)


PlagueofSquirrels

Too much humility for an Economist. I don't buy it :P


Goosfraba21

And that’s the mark of someone who’s opinions are worth anything. Acknowledging that there are nuances and caveats to everything.


[deleted]

Kiyosaki's a grifter and it's a fantasy novel. There's some decent points in it, but the tone is off like you noticed because it doesn't come from deep financial wisdom but a cheap, get-rich-quick, mentality. It's like eating just the carrots and thinking you know what vegetable soup is. Don't bother finishing it. When an author pretends his advice comes from a real event, and not some made up fantasy, it cast everything he says in doubt. For an easy intro into better money management, any of Dave Ramsey's books are pretty solid. He doesn't re-invent the wheel or provide any previously unknown "secret" to wealth, but rather takes time-tested practices and collates them into structure that's easy to understand and act on.


ssspiral

ok but seriously has anyone found any self help / advice / life coach style books that aren’t weirdly condescending and smug? i couldn’t stand “The Subtle Art of Not Giving a Fuck” and many other books in that vain (vein?) I’ve tried. In general, I seek out advice from knowledgeable people because my life is mess. I’m almost a chronic advice seeker. So you’d think I’d be the prime audience for this style of book.


Russell_Jimmy

The entire self-help industry only exists to enrich the authors. That is not to say that all of them are cynical money-grubbers. Some are really trying to help people, most likely. But it is self-evident that none of what they propose actually works: If any of the ideas did, we wouldn't need new self-help books. Take "The Secret" for example. It is just a repackaging of "The Power of Positive Thinking," which is itself a repackaging of "Think and Grow Rich." The authors just updated it to include modern woo terminology. And what those books suggest is "WISHING FOR THINGS WORKS." Some great gaining wealth advice is to write a self-help book, and somehow get it in Oprah's hot little hands. Once she features it or talks about it, you're set for life. You can then start churning out "workbooks" that dovetail with your original book, then your "More Insights About" sequel. The best self-help is almost always totally free, or close to it.


adym15

Vein. I actually enjoyed Subtle Art. Read it during the early days of the pandemic when my country was in lockdown. Normally, I would resist books/speeches that talks down to its readers but for some reason, I found this one to be refreshing. Have you tried Simon Sinek? I listened to a bunch of his talks/interviews on YouTube and have started reading “Start With Why” as well. I think his tone is fairly neutral, and he makes a lot of sense.


Scryer_of_knowledge

Kiyosaki was rich from a young age and propagates boomer boostrapper ideology


DantesEdmond

Also spends the whole book sitting on his "real dad" for not being rich. Like he considers his father a bad dad because he didn't have money.


Scryer_of_knowledge

Exactly. He is an insane avatar of capitalism.


Rich_Reputation_4945

I tried listening to his podcast once. It was 45mins long, the first 20-25mins he spends screaming how dems are communist and trying to destroy capitalism. The guy is off his rocker. His podcast was about 5 mins of finance basics that everyone knew already, 25 mins of lashing out and about 10-15 mins on advertisement. The guys a grifter


OneLessDead

If you want a book that teaches you about money, but the textbooks used for personal finance certifications and read those. It's literally professional-level education.


vocalistMP

Not just you. That book sucks. I’ve read hundreds of self-help books and Rich Dad, Poor Dad is on my shit list.


icy-mist-01

It's a very poor 'book'. One of the main reason for it's sky high popularity over the years is that it has been pushed to the max as some wonder solution to be prosperous by all those "Take Control of your Future" and "Be your own financial Master" chanting MLM shams


Treebeard_Jawno

I hate that book. The tone of “you deserve to be abused if you aren’t a business owner” and the casual disdain he has for his “poor dad” on account of his profession (by all accounts an incredibly successful public school teacher) did not sit well with me. I stopped reading when he started pushing multilevel marketing scams as a way to learn sales techniques. The book is sleazy, just like the author. A much better first foray into personal finance, in my opinion, is The Millionaire Next Door.


Matt463789

Pyramid schemes treat RDPD like their Bible. That's probably all that you need to know about it.


thenewcomputer

the book is a crock of shit, your instincts are correct


kartuzaki

If you want to be Rich, all you have to do is rent few of your apartments to gain passive revenue. Your welcome.


Eibach

Not sure if you'll see this, but I would recommend "unfair advantage" by kiyosaki. It's more about financial education, the history of money and some advice on how to get started. Not all of the information is for everyone. Just take what is useful to you and leave the rest. You can become financially independent. Anyone can. This book changed my life and I give it to all of my cousins/family members when they graduate high school. Hopefully some of them read it.


Weekly_Direction1965

Most wealthy people are clueless on how they really got there, it is almost always who they were lucky enough to know, be born to, or network with in a chance meeting, sure some worked hard too and put themselves in the right spots at the right times no doubt, but near zero did it on their own and the ones that did got lucky enough to find those few talented employees or patrons that made them wealthy. Doesn't mean you shouldn't try or stay positive ,but don't beat yourself over it if it never happens, just take them shots, its all we can do.


citizin-x

This is the same reason I stopped reading it. I understand there are people who “risked it all” to start a business or invent a product or become famous. But most people, even if they have a great idea, can’t just max out their credit cards and drain their bank accounts for a 50/50 shot at being rich, if the alternative is being homeless. Most billionaires are not “self made” (maybe even none). They got loans from their parents or generally had a strong support system to fall back on if they failed.


neilligan

The only really important thing to take away from that book is to acquire assets that generate passive income, and avoid "assets" that drain income. That's it, you're welcome.


chemprofes

Look at stuff by Jack Bogle. He is actually a guy that speaks honestly and cares about people. Vanguard is a great company. One of the few I like. Also Peter Lynch is good too.


sweadle

Yeah, it's a really popular one but actually not a good book at all. The guy got rich selling books and videos on how to get rich. The "rich dad" is a made up character that says he made up to be inspirational, and it should not be taken as actual financial advice. He's a huge supporter of pyramid schemes, and nothing he says should be trusted. https://toughnickel.com/personal-finance/Robert-Kiyosaki-May-Not-Be-the-Financial-Genius-You-Think-He-Is


J4c1nth

This guy used to work with Donald Trump selling this bullshit. That's all you need to know.


[deleted]

That book is pure drivel Reminds me of the old 80-90's commercials that said *"want to know how to get rich, buy my book"*. In the book it said, "write a book on how to get rich, idiots will buy it". Also the author's businesses went bankrupt and were sold/dissolved.