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Updated almost 8 years ago on . Most recent reply

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Tom Jones
  • Amherst, MA
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questioning Rich Dad Investing

Tom Jones
  • Amherst, MA
Posted

I have been reading the Rich Dad Investing book, and although I agree with most of what he says, I've found that I'm 200 pages in and I haven't really learned anything new about investing, per se. I was hoping to find some concrete information about steps that I can take towards acquiring assets and investments, but after getting half way through the book, I wonder if the next 200 pages is going to be a waste of my time. 

I've saved 25k that I want to invest in an asset, but I just don't trust the stock market. I pulled out after making 20k after the crash, and I've been waiting for the next crash that never came.

I was thinking about saving another 25k so I had 50k to invest in a triple decker rental in Worc, but everyone I've spoken with has nightmare stories, so that's not looking too appealing. 

I want a passive income stream, but I'm not having much luck finding one. Any suggestions?

Most Popular Reply

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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
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Andrew Johnson
  • Real Estate Investor
  • Encinitas, CA
Replied

Tom Jones The book was written in 1997. While it's not like REI goes through massive changes, it was 20 years ago and specifics like mortgage rates, lender requirements, economy, etc. have changed. Not to mention that the Zillow's of the world weren't around then. So it's hard to take a giant macro lesson about "assets vs. liabilities" and turn it into a specific set of 2017 REI action steps. Finish the book. Enjoy any inspiration. Think about the mindset. Just don't look for action steps...

And for fun look at the author's recent posits on where to invest... 😬

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