My opinion of Rich Dad, Poor Dad is that it's not that well written, and the meat of the book is obfuscated by a huge amount of overly-sentimental padding. I could probably boil it down to around 10,000 words and not lose any content.
The basic advice is live below your means, save and invest, and work for yourself. To an extent that's sound, but I've got a couple of concerns.
The first is that being self-employed is hugely risky. 90% of all new ventures fail within five years. Kiyosaki's counter-argument is that a financially literate individual can massively improve the odds, but my first job was with a well-funded start-up founded by some impressively big brains, and it's still just about going twelve years on. I doubt the investors ever saw a return.
The second is that he talks about saving enough for a passive income. In a world of low yields, that requires a huge amount of capital. The $2,000 per month he mentions would need around $500,000 to generate.
I've not made it through the whole book yet. I don't think that reading it is a waste of time, but I don't believe that it's the source of all knowledge that some people claim it is.
Graemsay you must have read a kiyosaki book that I haven't because that's not what I read at all. According to Kiyosaki self employed are the highest taxed so self employment is out.
He is mostly about three things:- Create income using OPM, use legal methods to avoid tax, assest protection. Underlying all these is education.
His early books were about the basics & they were gentle because most people were so removed from that thinking. Right now his best stuff is live appearances, in real life you can be far less politically correct than in print. He is more forthcoming onstage.
By his method $2000 a month might have some startup costs but ultimately it should be free, ie. using OPM. I have read & heard him telling several methods of doing this. Though his books aren't about how to do it as such, because his point is that once you are clear about what you need to achieve, you will find your own version of it, his version might slow anyone else down, you find your own.
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