Tuesday, May 29, 2018

Rich Dad, Poor Dad by Robert T. Kiyosaki

Rich Dad, Poor DadRich Dad, Poor Dad by Robert T. Kiyosaki
My rating: 5 of 5 stars

While I have read this book before, I learned a lot this time around. For example, I thought Ramsey and Kiyosaki were opposites, but they actually have a lot in common.  Don't live paycheck to paycheck. Focus on building assets. Don't get addicted to the desire for more stuff.  Build a strong financial base first. Your assets buy your luxuries, not your job or debt. Success comes from controlling your emotions and behaviors regarding money.

Somewhere in my early years I missed the emphasis on those parts of this book.  All I heard was that debt is OK if the cash flow it generates is positive.  That may not be a false statement in Kiyosaki's opinion, but that is not the whole story either.

This is a great book, and with the right companion texts it brings some important insights to the personal finance discussion.