Rich Dad Poor Dad

The ultimate lesson of this book seems to be that your greatest asset is your mind, which is a lesson I can certainly appreciate. Actions are necessary for change to occur, but these actions are generated from our perception and perspective of reality, our knowledge of value and opportunities, our ability to form good habits. If you don’t know how to use money to your advantage, then no amount of income will help you become financially secure. I think this book is worth reading for anybody interested in furthering their financial intelligence.

This book isn’t perfect however. At times I felt like the author was dragging on a point in a similar way that a student adds fluff to an essay with a minimum word requirement. Some things bear repeating, yes, but it’s possible to beat a dead horse one too many times. Another aspect that I’m hesitant about is the emphasis on real estate investment. This side of the book clearly shows its age. At times he seems to talk about real estate as something achievable by anyone, which I’m not sure holds true today. I’m someone who very much wants to own real estate, and maybe this is me letting my perception get in the way, but it seems like a goal that isn’t achievable by everybody. With that said I believe the concepts he shares aren’t only applicable to real estate, but assets in general.

If I could leave you with one thing it is this: “An asset puts money in my pocket. A liability takes money out of my pocket.” Acquire assets, reduce liabilities.