Rich Dad Poor Dad - Audiobook by Robert T. Kiyosaki

Reading books has really skyrocket the way I think about investing. Indeed, no one has ever got rich by saving money. If you want to become financially free, You need to Invest. I've come to realize that the key to amassing wealth lies in making sound investments.

Ay guys wish me luck I’m reading this at 16 and trying to get out of this rat race my family are always In/ good luck to you guy my friends

This book taught me so much about money this changed my life❤

This book taught me so much about money this changed my life❤

2 hours and 10 minutes... and this mf still not explained the difference between expenses and assets... I understand on that level but bro please share some wisdom tf with this guy...

2410

This is an interesting book but i feel the author of this book is completely wrong when it comes to what he says about buying your own home.. Yes there are expenses and costs involved in buying your own home BUT the positive effects of buying your own home are massive..

When you buy your own home, if you decide to sell it you get money back, often at a profit (but if you rent you get NOTHING, no money for the property when you move).. Also YOU can decide when you want to move or how you want to fix up the place (which adds value to it too)

Also you can make really good long term profits by market prices going up (proven hedge to buffer against inflation) and even if prices drop, first of all they go back up again, and even if they don't go back up you can still get some money back from the sale, AND you can rent out your property and get another one and build that up too

And you can rent out the home if you want, and buy more and build that up too

But if you rent all your life then that is money you could have put into your own property that is going to the landlord and when you move the landlord still has the income generating asset and you have no profit RI show from it

Sure i know some homes have lost a lot of value in some cities but it's still a few dollars could be made from renting it out or selling it, but if you rented a place you could not do that unless your landlord is ok with you subletting

First of all though, if you are going to buy a place, shop around to get a mortgage you can pay extra on when you want and you payments pay off the actual loan not just the interest, so that if you pay it off early you actually pay off less total money

I've rented and I've bought at different times.. It's ALWAYS been better to buy a place.. Even the time i could not make payments on it i still had months to sell it when the bank wanted the money and i walked away with about 25,000 in profits

Renting you are always at the mercy of landlords too, buying will give you much more independence etc and profit in the long run, or am asset you can leave to someone you care about

Good luck folks!

My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up.+

Great book

🎂🎂

Since everyone here is probably of the same mindset I would love to connect with you and find out what you have succeeded in and what your future goals are.

Am sonntag excited am getting the knowledge at the right tym.

Love this

Thank you Robert

I owe everything I have now to this book. After 8 years of applying his teaching, now I have enough passive income from what he thought me to afford 2018 honda civic Type R, 2021 Corvette, 2023 Porsche Cayenne and Tesla truck on order and still be able to retire in few years. I am not saying this to brag but to inspire people that if I can do it, you can do it. But not everyone will be able to do it. You have to be able to learn many skills to support this passive income machine. But you won't know unless you try. Good luck everyone.

Not everyone is Robert who had the two fathers.