Is Rich Dad Poor Dad Worth reading?

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Jeremy Horton
Rental Property Investor · Somewhere over the Rainbow · Member since 2021 · 1k+ posts · 1k+ votes
3y

Sure is - quick easy read 

the overwhelming theme is a mindset shift to seeing things as assets vs liabilities

I think it's a good book worth a read

8Reply
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  • Laura Verderber
    Rental Property Investor · Fairhope, AL · Member since 2017 · 69 posts · 52 votes
    3y

    It's an excellent book. I also recommend the 4 hour work week.

    6Reply
  • Nathan R Andersen
    Member since 2022 · 43 posts · 19 votes
    3y

    I thought it was great. There is a revised version updated to 2017 which is great. 

    I would say it is an amazing book and you have to take the information and understand how to apply it. Not everyone's goal is the build a massive corporation and take it public to become the next Bill Gates, so you have to find the nuggets and apply them in your own life. 

    I would also advise listening to the information about doing things personally and taking control of things like your personal income statement and balance sheet. Unless you're doing this the rest of the information is of significantly less value imo.

    To answer, definitely worth reading and highly recommended. 

    4Reply
  • Fredy Sandoval
    Investor · Long Island, NY · Member since 2019 · 25 posts · 21 votes
    3y

    In my opinion, it is worth it because it describes the world from a different perspective. The central idea of the book is that the most valuable asset is your mind and the rich build networks which I believe to be true and without that book, I wouldn't have ever thought about that. 

    4Reply
  • Jeremy Horton
    Rental Property Investor · Somewhere over the Rainbow · Member since 2021 · 1k+ posts · 1k+ votes
    3y

    Sure is - quick easy read 

    the overwhelming theme is a mindset shift to seeing things as assets vs liabilities

    I think it's a good book worth a read

    8Reply
  • Ned J.Pro Member
    Investor · Manteca, CA · Member since 2017 · 1k+ posts · 2k+ votes
    3y

    I thought it was a good read and worth it.... but WAY overhyped.

    The biggest takeaway is the mindset about an asset vs a liability.

    5Reply
  • Maksu Ize
    Investor · Vancouver · Member since 2021 · 165 posts · 137 votes
    3y

    The only book I read since grade 9 was this book. It opened my eyes to the 4 layers of income, and I could argue it's what got me into real estate investing.

    Most books are dull and boring, Robert makes great jokes and entertainment value while reading.

    Well worth the 20$

    5Reply
  • Craig Clinton
    Investor · Nutley, NJ · Member since 2017 · 72 posts · 56 votes
    3y

    1000% worth reading.  You'll get plenty of good gold nuggets from it and it won't take long to read it.

    1Reply
  • Simon W.Business Member
    Real Estate Consultant · Lehigh Valley PA & New York City · Member since 2013 · 1k+ posts · 657 votes
    3y

    It is a quick read, but it's way overrated. The ideas aren't anything new.

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    4Reply
  • Albert Blair
    Member since 2022 · 33 posts · 15 votes
    3y

    Yes, it definitely was a mind set shift for me. It helps you think of another way to look at money and how to make money.

    0Reply
  • Tim J.
    Investor · Vermont and New York · Member since 2023 · 308 posts · 309 votes
    3y

    I read it.  Agree with @Simon W. that it is waaaay overrated Not a fan of Kiyosaki as a person and the truthfulness of his story/background is, well, suspect. 

    With that said, any book that helps put you in an investor mindset or helps set you on a path is worth the read. 

    3Reply
  • Chris LumLee
    Investor · Honolulu, HI · Member since 2017 · 187 posts · 108 votes
    3y

    @Joanna Golden I'd rather watch the highlights on a YouTube video.

    0Reply
  • Mario Ponce
    Real Estate Agent · Concord, CA · Member since 2020 · 10 posts · 6 votes
    3y

    Literally changed my life. The ones who said it is overhyped …it’s probably because they read it at a time when they already had a foundation of investing and some financial literacy already built up. For me at the time, I had nothing. Since then my financial journey and real estate journey has exploded. I changed careers and I’m now a realtor. In the middle of the pandemic no less. I read the book about six years ago. Game changer. Essential for any investor.

    4Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Joanna Golden

    Yes

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  • Anthony Simboli
    Investor · Londonderry, NH · Member since 2015 · 163 posts · 59 votes
    3y

    We all define wealth differently however the ideas and fundamentals in this book will be true for all. Worth reading in my opinion, whether you're new to investing or not, it's great to brush up and use as a reminder. 

    0Reply
  • Ron Brady
    Rental Property Investor · Burlington County, NJ · Member since 2019 · 540 posts · 771 votes
    3y

    I was over 50 when we started real estate investing and already had good financial understanding and habits. This is when I read the book. With this as context, I found the book unsatisfying, to the point where I stopped after 2 chapters.  

    2Reply
  • John MorganPro Member
    Rental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
    3y

    I went from 0 rentals to 17 in eight years after reading his book. It definitely inspired me to find a way to leverage myself to wealth. Glad I decided to buy it at the used book store. lol

    1Reply
  • Jay ThomasPro Member
    Real Estate Agent · Houston, TX · Member since 2021 · 1k+ posts · 715 votes
    3y

    Robert Kiyosaki's book Rich Dad Poor Dad is worth reading because it can change the way you look at the world. It emphasizes that having a strong financial education and building your own networks are more valuable assets than simply buying real estate or keeping up with the Joneses. In my opinion, this is an invaluable lesson to learn as it helps us understand why the rich become richer and why some never seem to get ahead. Real estate may be one way of getting ahead financially, but understanding how wealth works on a larger scale will provide far greater returns for those who take the time to gain this knowledge. I highly recommend Rich Dad Poor Dad if you're looking for an eye-opening read that can help you start creating real wealth in your life.

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    1Reply
  • Carlos Ptriawan
    Member since 2019 · 7k+ posts · 4k+ votes
    3y
    Quote from @Joanna Golden:

    What are all your thoughts these days? 


     I prefer to read Fed action and charts.

    0Reply
  • Tim Debronsky
    Full-Time Investor & Agent · Amherst, OH · Member since 2014 · 149 posts · 50 votes
    3y

    @Joanna Golden Absolutely a must read! It is still probably my all time favorite book. Quick easy read and will change your mindset forever! Don't wait, read it.

    1Reply
  • Steven Foster Wilson
    Rental Property Investor · Columbus, OH · Member since 2017 · 3k+ posts · 3k+ votes
    3y

    I always recommend the book “Rich dad, Poor dad” by Robert T. Kiyosaki to anyone starting out. The idea to build assets and buy luxuries last and cash flow management are good for beginners who are starting to understand personal finance. It is essential to anybody looking to become an investor.

    1Reply
  • Bud Gaffney
    Rental Property Investor · Boston, MA · Member since 2019 · 2k+ posts · 1k+ votes
    3y

    10000000000000000000% worth reading.

    0Reply
  • Al Pat
    Rental Property Investor · Atlanta, GA · Member since 2016 · 325 posts · 253 votes
    3y

    Best book on REI that I have ever read.

    0Reply
  • Mick Harvey
    Real Estate Investor · Napa, CA · Member since 2013 · 50 posts · 18 votes
    3y

    Heck yes it is. All of them. Very easy readings. Fly right through them. Read with highlighter to go back. Well worth it

    0Reply
  • David MackinBusiness Member
    Lender · Westminster, CO · Member since 2021 · 92 posts · 86 votes
    3y

    Think and Grow Rich is a great read as well.

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    0Reply
  • Joshuam R.
    Rental Property Investor · FL · Member since 2016 · 271 posts · 92 votes
    3y

    No is not!!!! do not read it.... but totally worth it 100% in audiobook. That way you can rest your fingerprints from turning the pages.... yes yes, I am one of those that had that book redirect my path in life, that book and all self-development books worth it. Best wishes.

    1Reply
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