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Showing posts from March, 2021

Should you read Rich Dad, Poor Dad?

If you, like me, listen to real estate or financial independence related podcasts, you probably have heard people mentioning Rich Dad, Poor Dad by Robert Kiyosaki as their favorite Real Estate related book. There is even a person who counted it! In about 300 episodes of the Bigger Pockets Real Estate podcast, the guests mentioned it 135 times ( source ) ! So, should you read it then? If so many people recommend it, it can’t be a bad book, right? Well, until recently I didn’t have an opinion, but this month I finally read that book and I can report back to you. It was a quick and exciting read, but I wouldn’t recommend it. Here is why: Rich Dad, Poor Dad makes an Investor lifestyle look very appealing and a regular job very unattractive, but it doesn't present a fair perspective The book encourages risky investment types and contains dangerous advice There are some good tidbits that can point you in the right direction, but overall provides little practical value. If you want to act