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3.54 AVERAGE
3.54 AVERAGE
Interesting ideas and some solid money-making suggestions, but this book was so repetitive and condescending I nearly didn’t finish it.
The book is more about self-dev and less about personal finance.
That being said, I thoroughly enjoyed reading it. The book has opened my eyes on so many levels.
But, if I have to disagree with the author about something then that would be his threshold to risk tolerance.
He mentioned repeatedly, infect he insinuated repeatedly that the quickest lane to the riches is to invest in risky ventures. Many might disagree with him on that. There’re tons of people out there who are financially thriving by just investing in traditional instruments.
According to him, most of the traditional instruments are way too sanitized to yield any practical profit. While that's true, with lack of proper context, young and novice investors might get encouraged to take impulsive decision which may lead to their demise.
In his entire book he mostly talked about his anecdotal stories. His instances include only real estate and venture capital investments, which is limiting.
Verdict: If you want to improve your worldview, if you want a bird's eye view on how tax system works, this book is for you. I gave the book a five star not because of the tactics it shared on becoming financially independent but because of the paradigm shift it triggered to my thought process.
That being said, I thoroughly enjoyed reading it. The book has opened my eyes on so many levels.
But, if I have to disagree with the author about something then that would be his threshold to risk tolerance.
He mentioned repeatedly, infect he insinuated repeatedly that the quickest lane to the riches is to invest in risky ventures. Many might disagree with him on that. There’re tons of people out there who are financially thriving by just investing in traditional instruments.
According to him, most of the traditional instruments are way too sanitized to yield any practical profit. While that's true, with lack of proper context, young and novice investors might get encouraged to take impulsive decision which may lead to their demise.
In his entire book he mostly talked about his anecdotal stories. His instances include only real estate and venture capital investments, which is limiting.
Verdict: If you want to improve your worldview, if you want a bird's eye view on how tax system works, this book is for you. I gave the book a five star not because of the tactics it shared on becoming financially independent but because of the paradigm shift it triggered to my thought process.
informative
inspiring
medium-paced
This book left a bad taste in my mouth, though it had some good ideas. The premise of the two different dads felt forced and the "poor" dad was made to look like such a ridiculous buffoon I just couldn't take it seriously.
Próbowałam dokończyć, ale to nie jest książka o interesującej mnie tematyce. Coś nie coś się dowiedziałam, ale więcej już nie mogłam zdzierżyć. Może jestem za głupia na takie dzieła, więc I will stick to my silly books 🥰
Excelente para mejorar las finanzas personales y creatividad en los negocios
challenging
funny
informative
medium-paced
Great book. A whole new persepctive that I found very challenging and engaging.
My only gripe is that it doesn't quite deliver on the specifics. Interesting concepts but they are glossed over without a lot of in-depth analysis. Also, some of the tips sound simple, but in reality would be incredibly difficult to implement in real-life.
What to buy a Porsche? No problem, get a loan to buy a cash-flow positive asset, the asset then pays off the car and services the loan at the same time, and when the car is paid off, you have both the car, and the asset and neither has cost you a dime.
Nice in theory but assets with those kinds of returns are pretty hard to come by!
My only gripe is that it doesn't quite deliver on the specifics. Interesting concepts but they are glossed over without a lot of in-depth analysis. Also, some of the tips sound simple, but in reality would be incredibly difficult to implement in real-life.
What to buy a Porsche? No problem, get a loan to buy a cash-flow positive asset, the asset then pays off the car and services the loan at the same time, and when the car is paid off, you have both the car, and the asset and neither has cost you a dime.
Nice in theory but assets with those kinds of returns are pretty hard to come by!
Well, I've got to say this one was really a swing and a miss. I really wanted this to be good. Really! I did. But at the end of the day, it felt completely out of touch with reality. Some of the stand out quotes for me have got to be, "Most people choose not to be rich," and "Poor people are actually greedier than rich people." It was recommended by some business people I really respect, but to me, it was pontificating at best, and I didn't like it at all.