Review #7 – Rich Dad, Poor Dad

⭐️⭐️⭐️⭐️⭐️ Pay Yourself First.

Title: Rich Dad Poor Dad
Author: Robert Kiyosaki, Zack Bowman
Year: 2017 (1997)

Back cover text:

Robert Kiyosaki’s Rich Dad Poor Dad which has challenged and changed the way tens of millions of people around the world think about money. Robert has been featured on shows such as Larry King Live, Oprah, The Doctors, Bloomberg International Television and CNN.

With perspectives on money and investing that often contradict conventional wisdom, Robert has earned a reputation for straight talk, irreverence and courage. His point of view that ‘old’ advice – get a good job, save money, get out of debt, invest for the long term, and diversify – is ‘bad’ (both obsolete and flawed) advice, challenges the status quo. His assertion that “your house is not an asset” has stirred controversy but has been proven to be accurate in our economy’s current financial crisis.

My Review

Stars (1/5):

5/5

Writing:

Positive, inspring and hopefull. This is a fantastic book for us visual artists too! Pay yourself first! With real life examples.

Does the book deliver (it's title)?:

Yes.

Biggest take away/s:

  • Pay yourself first.
  • Become financially literate.
  • Assets put money in your pocket. And liabilities take money out of your pocket.
  • You don’t have to work hard for your money. You can make money work for you.
  • Buckminster Fuller’s definition of wealth is, count how long you spend with your money when you stop working.
  • Kiyosaki’s assets consist of: stocks, bonds, copyright, real estate (which he then rents out), and he keeps that for seven years.
  • Sometimes you win and sometimes you learn.
  • Give what you want first, and it will come back in buckets.

Point of IMPROVEMENT OR discussion:

His focus is on real estate. This could be questionable in these times where many people can’t find a place to rent. But if the investor doesn’t rank up rent prices, this doesn’t have to be a problem

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