All Forum Posts by: Account Closed

Welcome to the community.

I'm also a fan of the Cashflow game. It teaches a different way of thinking, and playing the game finally helped my wife understand what I've been trying to explain to her. You don't necessarily need to buy it, though. If you register on the Rich Dad website, you can play the online version for free.

I realize I'm resurrecting an old thread here, but I felt the need to comment because this topic hits so close to home for me. My wife and I went through Dave Ramsey's course and applied the stuff he teaches to get out from under a pile of "bad" debt (car loans, student loans), and now we only have our mortgage to worry about. We're also now able to save a significant amount of money each paycheck, which gives us breathing room and eventually capital to put toward investments.

Now that we can breathe, I've rediscovered Robert Kiyosaki and the Rich Dad Poor Dad way of thinking. That really appeals to me. I'm not crazy about debt, but its seems the most sensible way to make things happen in real estate.

I have to give Ramsey credit for helping us clean up our act and rein in our over-consumption. However, his investment advice is terrible! His plan only works for those content to work a standard 40 year career and "retire with dignity". I'm sorry, but I am sick of the rat race. I want to achieve financial freedom much sooner, and have more time to spend with my family as my children are growing up. Therefore, I'm not going to forgo reasonable leverage for real estate investments.

TL/DR: Ramsey is good if you've been financially irresponsible and need to wake up so you can have a future and consider investing wisely. If you then want to become financially free and have more options, you have to pursue more advanced strategies, and Ramsey no longer cuts it.