Yeah, that’s the problem with these gurus. Once they had their 15 minutes of fame, they just can’t sail quietly into the sunset. I don’t follow him religiously. I read his book and it did change my life. And for that, I am forever thankful.
How To Invest In Yourself - ROBERT KIYOSAKI - Rich Dad, Poor Dad - London Real
- Thread starter Randy Boy
- Start date
Do you even have kids? I never said it was the only present.
irrelevant question.
The most valuable part of his book is that you should focus on your top line rather than your bottom line.
Whether or not your house in an asset... You NEED to live somewhere. Might as well pay a mortgage instead of rent. You can build equity and even take out a HELOC.
No sense in not owning a house if you can.
No sense in not owning a house if you can.
For what it's worth Id never had much of a financial education and read the book in my mid 20s when still broke, found it quite inspiring or educative ( that s a couple of decades ago, don't remember exactly).
Waiting for it to come in the mail right now, for 13 y o daughter.
From memory he invests a lot in real estate, which was also linked to preferential tax treatment. I've done pretty well in the meantime and retired on passive income in my 40s but still haven't bought a single house.
Bit it s important to understand the importance of income generating assets and reducing one's tax burden, no matter the assets used.