It only took me 5 days to read Rich Dad, Poor Dad by Robert Kiyosaki. It is relatively short and an easy read. And Kiyosaki likes to say things over and over… and over. This supposedly non-fiction book deals with the conflicting teachings of his “Poor Dad”, his real educated paycheck-to-paycheck father, and his “Rich Dad”, a middle-school drop-out who is a millionaire. There are two basic themes that I got out of the book, after wading through the hokey stories:
FIRSTLY
People need to learn “financial literacy” more than book learning taught at school. I can agree that money matters are not taught in school nearly enough, but I’m certainly glad I went to ninth grade.
SECONDLY
You should buy assets, not liabilities. Assets, such as real estate(especially real estate), stocks, and bonds, make you money. Liabilities, such as your house, car, gadgets, take away your money. This is probably the one thing to get out of this book, perhaps minus the real estate focus.