Rich dad poor dad

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okgo

Original Poster:

38,050 posts

198 months

Wednesday 8th October 2014
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Anyone else read it?

I have and I've found it interesting, and I especially liked the part about buying assets rather than liability. However I did find it a bit odd that he called property a liability in one chapter (which it could be in many cases) and then goes on to say that his empire is built on real estate?

Anyway, I took away a fair but from it and can see the traits he speaks of quite clearly in people around me. What I liked most was that he breaks it down so that actually you think logically there is a path to having your assets produce an income comparable to that of your day jobs. It doesn't have to be in one fell swoop but could be multiple things. I'd never really thought about how aggregating all of your investments which may on their own seem small beer into one pot can be quite powerful...

Any recommendations on other books would be welcome, I've got some time to kill while flying!!

okgo

Original Poster:

38,050 posts

198 months

Thursday 9th October 2014
quotequote all
But the point being made was that though they may be In a position to buy all that stuff if they lost their income they wouldn't be able to survive all that long as their material liabilities often outstripped their assets. I think that is a very peeve lane issue in the UK. Beyond savings etc I have almost no income beyond my pay each month, so it opened my eyes to that.