🚀 The Book in 3 Sentences

1. Rich Dad Poor Dad lays out the philosophical groundwork you need to have in order to become rich.

2. Robert goes away from the conventional path of going to school to get a safe job and then to work there and make money, instead, he challenges you to think outside the box to work for yourself.

3. Robert places importance on understanding how the rich continue to get ahead and how the poor and middle class get left behind. He shows how the rich let their assets pay for their expenses and how they accumulate them.

🎨 Impressions

I overall liked the book. I thought going into it, the book would provide more actionable steps I could take to increase my wealth, but instead, it focused on framing and changing my mindset to get ready for that type of money. Robert says that without changing your view on money no higher amount of it will make you rich. I think the book does a good job of providing easy-to-understand examples of the thoughts he puts out there.

How I Discovered It

My brother recommended I check this book out years ago I think in 2013. I never got around to reading it until now.

Who Should Read It?

I think everyone who is looking to gain financial freedom in their life should read it. Although the book doesn’t provide a step-by-step guide like I Will Teach You to Be Rich or Dave Ramsey would, it helps prime your brain for thinking in a rich way.

☘️ How the Book Changed Me

💡 How my life / behaviour / thoughts / ideas have changed as a result of reading the book.

• I definitely look at life and business opportunities with a finer eye. In the past, I was so focused on creating passive income through YouTube or other online businesses that I neglected Real Estate or other business ventures because I viewed them as too hard. After reading this book, I’ve developed a greater interest in those other ventures because I do not want to be working for an employer for the rest of my life.

• I think it’s also interesting that he brings up the idea that the normal job is worthless and that people should strive towards finding their own way of producing income passively. He repeatedly says in the book that taking the safe job will cost you in the long run with taxes. I think that is true that having your own business done right will produce a ton more money than working for an employer and the passive income gains are real, but I feel like some people prefer working that 9-5 and having side hustles they like to do. That way they still get the balance of working which is not wrong.

• The book also made me more aware of the fact that inaction is worse than failing. I need to act on the stuff that’s in my head. Because the longer I sit around and wait for the perfect time the more likely that the best opportunities will be gone.