Rich Dad, Poor Dad: Book Review (+why this books irks me)

Rich Dad, Poor Dad is an absolute juggernaut of a guide–it’s been on the bestseller lists for so long as I keep in mind. I re-read this guide yesterday. Man, there are some actually nice factors, like how wealthy individuals earn cash work for them and the way everybody else works for cash. The first chapter is pure magic–learn it. One of my favourite quotes is from his Rich Dad:

Most individuals by no means examine the topic [money]. They go to work, get their paycheck, steadiness their checkbooks, and that’s it. On high of that, they surprise why they’ve cash issues. Few notice that it’s their lack of monetary training that’s the drawback.

He takes a dim view of people that blindly make choices with out stopping to ask themselves why:

A buddy of mine in Hawaii is a good artist. He makes a large amount of cash. One day his mom’s legal professional known as to inform him that she had left him $35,000. This is what was left of her property after the legal professional and the federal government took their shares. Immediately, he noticed a chance to extend his enterprise through the use of a few of this cash to promote. Two months later, his first four-color, full-page advert appeared in an costly journal that focused the very wealthy. The advert ran for 3 months. He obtained no replies from the advert, and all of his inheritance is now gone. He now needs to sue the journal for misrepresentation.

This is a typical case of somebody who can construct an exquisite hamburger, however is aware of little about enterprise. When I requested him what he discovered, his solely reply was that “promoting salespeople are crooks.” I then requested if he can be prepared to take a course in gross sales and a course in direct advertising and marketing. His reply, “I don’t have the time, and I don’t wish to waste my cash.”

The guide does a implausible job instructing how to consider work and cash. Its early elements are a few of the greatest I’ve learn.