Book Review - Rich Dad Poor Dad
Rich Dad, Poor Dad by Robert T. Kiyosaki
My rating: 5 of 5 stars
Life changing read. A book that shatters my prior conceptions about money and my personal finances. A harsh moment of epiphany where I realized that all my life I have been having the "Poor Dad" mindset. Growing up I was told to work hard, go to University and find a steady job. This is the "Poor Dad" mindset, because we are using our time and effort to generate the money ourselves. The "Rich Dad" does the opposite- he makes the money work and NOT himself.
I am fairly familiar with a few classic finance books such as Napolean Hills' 'Think and Grow Rich' and some of Peter Lynch's financial books about the stock market. Robert Kiyosaki book was life changing, however, because it altered my perception of reality. It made me realize that instead of working hard at a job and saving for retirement through pensions that there are other ways to achieve financial freedom. I am eternally grateful for finding this book and to my fellow book reviewers online that have been suggesting this book for months.
I recommend 'Rich Dad Poor Dad' to anyone that wants to achieve financial freedom and get out of the rat race. I also recommend Robert's podcast that you can find on Youtube, Spotify or other streaming playlists. It will change your perception about money forever!
On a final note, I think the biggest takeaway is learning about real estate. Presently, I have no interest in dabbling it, BUT this book did teach me a lot of when to buy real estate and more importantly when to sell it. I know that my end goal is to own a plot of land in ten years time, so this book really helped me generate some ideas on how to achieve this goal without going through the traditional route of using your "earned income" or "requesting a loan from a bank." Another take-away I got from this book is the benefits of the stock market. I have been dabbling in it for the last four months and have learned a lot from my newbie mistakes. The financial books that I have been streaming on Youtube and simply listening to podcasts on Spotify have helped me discern the right stocks to buy in the near future. I hope to take up Robbie's advice and enrol in some financial classes and simply network with others to better learn about the financial game. I am really loving it so far, and it is taking up a lot of my time this summer. Anyways, thank you for taking time to read this review and I recommend this book to everyone.
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