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medium-paced
Hated this...this book symbolizes why I do not like capitalism. There were some good but obvious lessons like: learn about money. Other than that it was just an explanation on how to make capitalism work for you without any reflection on the costs this view has on society as a whole... egotistical and self serving
If you are still willing to read this book, maybe the following will deter you from this ambition: the author advised to have heros and named one of his - Donald effing Trump. Huh...last time I checked this guy was not someone I want to have as my hero, not for investments nor in any other capacity
If you are still willing to read this book, maybe the following will deter you from this ambition: the author advised to have heros and named one of his - Donald effing Trump. Huh...last time I checked this guy was not someone I want to have as my hero, not for investments nor in any other capacity
Content Warnings
Graphic: Classism
tense
medium-paced
I was very disappointed to discover that the two dads are not actually both the author's fathers. The disappointment only continued from there. This book includes the occasional little nugget of actually solid financial wisdom that is almost always undercut by extremely meandering and sometimes offensively short-sighted stories and questionable personal finance 'advice.' If you are new to personal finance, please skip this one (see my reviews for other finance books such as I Will Teach You to Be Rich by Ramit Sethi or The Financial Diet). Or if you want to read an informative finance book, skip as well. If you are wanting a look into an incredibly popular but wildly unhelpful (potentially damaging) book as a historic curiosity and already have a solid personal finance philosophy backed by extensive research based on facts as well as a good understanding of your own money psychology, then have at it.
Content Warnings
Minor: Sexism, Classism
Had to return it to the library and my budgeting group says there are better options anyway. Sort of inspirational (there are no rules, decide your own future) very exploit or be exploited
Content Warnings
Moderate: Classism
sad
slow-paced
This book is the stupid person’s idea of a smart financial guide. If it occurred to you for the first time to invest in real estate after reading this book, you’re hopeless. It’s an enormous grift.
Content Warnings
Moderate: Classism
challenging
informative
inspiring
reflective
fast-paced
There are some valuble lesson that i learned from this book but it infuriates me sometimes and think: do i really have to be a finance bro or a sales person to earn a lot of money.
Agree
- asset > liability
- financial literacy
- be bold
- “Rich dad believed that the words “I can’t afford it” shut down your brain. “How can I afford it?” opens up possibilities, excitement, and dreams.”
“There is gold everywhere. Most people are not trained to see it.”
disagree
- “People’s lives are forever controlled by two emotions: fear and greed.”
i think it is true that the fear of losing money and the desire of more money lives in many people's head. But these emotions do not control people. There are more to that for poeple to feel. Plus, these emotions are rational thoughts as every one needs money to survive, it just depends on the severity of the matter.
- "“So many people say, “Oh, I’m not interested in money.” Yet they’ll work at a job for eight hours a day.”
yes, i am one of those "many people". I HATE money but without them, i couldn't be independent. There are "better" ways or easier ways to earn money. BUT THE THING IS, i don't love money that much to sacrifise my time to learn to be a sales person. The thing about this book is that the "rich dad" is trying to tell us that it is a really bad decision to be a teacher cuz then you will be poor. Have the narrator ever thought why his "poor" dad wants to be a teacher? It is not always about the money. I want to be a vet not for the salary but the fact that I could actually, physically help animals when they are hurt. Can money help to rescue animals? Yes, of course, but it is action that counts. Lets say everyone are millionaire because everyone do sales. Where are the qualified teachers to teach the kids? Where are the doctors when you need help?
- “IF YOU DO NOT HAVE A STRONG REASON, THERE IS NO SENSE READING FURTHER. IT WILL SOUND LIKE TOO MUCH WORK."
i think it sounds more like an adventure
- “Use assets to buy luxuries: the power of focus”
i dont think we need to punish ourselves to get a treat. life is too short to use assets to buy luxuries, unless that luxury is super expensive.
Agree
- asset > liability
- financial literacy
- be bold
- “Rich dad believed that the words “I can’t afford it” shut down your brain. “How can I afford it?” opens up possibilities, excitement, and dreams.”
“There is gold everywhere. Most people are not trained to see it.”
disagree
- “People’s lives are forever controlled by two emotions: fear and greed.”
i think it is true that the fear of losing money and the desire of more money lives in many people's head. But these emotions do not control people. There are more to that for poeple to feel. Plus, these emotions are rational thoughts as every one needs money to survive, it just depends on the severity of the matter.
- "“So many people say, “Oh, I’m not interested in money.” Yet they’ll work at a job for eight hours a day.”
yes, i am one of those "many people". I HATE money but without them, i couldn't be independent. There are "better" ways or easier ways to earn money. BUT THE THING IS, i don't love money that much to sacrifise my time to learn to be a sales person. The thing about this book is that the "rich dad" is trying to tell us that it is a really bad decision to be a teacher cuz then you will be poor. Have the narrator ever thought why his "poor" dad wants to be a teacher? It is not always about the money. I want to be a vet not for the salary but the fact that I could actually, physically help animals when they are hurt. Can money help to rescue animals? Yes, of course, but it is action that counts. Lets say everyone are millionaire because everyone do sales. Where are the qualified teachers to teach the kids? Where are the doctors when you need help?
- “IF YOU DO NOT HAVE A STRONG REASON, THERE IS NO SENSE READING FURTHER. IT WILL SOUND LIKE TOO MUCH WORK."
i think it sounds more like an adventure
- “Use assets to buy luxuries: the power of focus”
i dont think we need to punish ourselves to get a treat. life is too short to use assets to buy luxuries, unless that luxury is super expensive.
Content Warnings
Moderate: Classism
challenging
informative
reflective
medium-paced
I’m a firm believer in the idea that you learn the most from people you disagree with, and this book is the epitome of that sentiment. Rich Dad Poor Dad is a monologue of internalised classism peppered with very well-explained and brilliant financial ideas and concepts. I recommend getting the study session version and just reading those sections as they cover everything useful from the book in far less pages
Content Warnings
Moderate: Classism
informative
fast-paced
Content Warnings
Minor: Classism
informative
inspiring
reflective
slow-paced
Content Warnings
Minor: Classism
slow-paced
Besides "buy assets that make you money on their own (aka apartments to rent out) there's no actual information about finance in here.
Content Warnings
Moderate: Ableism, Addiction, Cursing, Suicidal thoughts, Toxic relationship, Gaslighting, Toxic friendship, Abandonment, Alcohol, Colonisation, War, Classism