Anyone familiar with Rich Dad Poor Dad?

[Txredesign]

Bought the book and have watched some youtube segments. Found some of the information sound and am interested in applying it but would like some feedback from others that have more financial savy and have some experience with this type of investing.

[bjl584]

Some of the info that he gives is dated, because a lot of his investments deal with real estate. The rules have changed considerably since those books were written. The principle is the same, but the way to go about is is certainly different. \

It's been a while since I read those, but from what I remember it was a lot of outside the box thinking.

[Slug]

I agree with BJ. Times have changed.

[97guns]

his principals of using leverage to aquire real estate is still in date as far as im concerned. he preaches accumulation as well

[maat55]

The book serves as a good cheerleader for entrepreneurism. But unfortunately, not everyone is cut out to be one. There is a lot of work and possible unrewarded effort that goes into building a business. Many do not have the patience or ability to accomplish this.

For they who are hardworking, patient and dilligent, this book will give them drive, but not very much useful information.

[Eleanor]

I haven't read this book but I feel like it's having a resurgence lately because everyone seems to be talking about it the past few months! My boyfriend brought it up the other day, so it looks like we'll look into reading it.

[Slug]

It's certainly worth the read, and if your credit is stellar, there has never been a better time to borrow lots of money.

[materics22]

Actually that book written by Mr Kiyosaki is really a big help. The book is meant to open your thoughts financially and how to think about ASSETS and LIABILITIES.

[amarowsky]

Robert Kiyosaki's Rich Dad is pretty inspiring. Agree with earlier posts some out dated methods, but I do still believe real estate is probably the most affordable and feasible mid risk investments. At least for people with disposable investment income that can make decent cash.

A good book that is also older but very good to pair against this to round your thinking is The Millionaire Next Door: The Surprising Secrets of America's Wealthy. Instead of using super high risks, it kind of focuses on frugality and conservative lifestyle to attain wealth over time. Good read too.

[ecoadapt]

I haven't read that book either but it seems interesting that it opens my curiousness of what's really inside.