About PeopleJam | Ad Network | Newsroom | Interested in joining PeopleJam as a Business Partner?
Copyright 2008 PeopleJam, Inc. All Rights Reserved. Privacy Policy | Terms of use | Feedback | Newsletter
Unlike every other review, I don't think the book is worth it. Rich Dad Poor Dad was interesting fairytale at best but not the right book for me. The book focuses on more on real estate investing, which is not the only source of wealth building Real estate can also be a very risky business with people losing everything. I would have like to read about some of his failures as a warning for those who are thinking about following that path to making their fortune. Also because I don’t plan to build my wealth through real estate investing it had nothing to offer me. I had borrowed it from my local library, glad I did because I would not have wanted to spend the money on it. For anyone wanting to build wealth one should not spend their money on liabilities but money producing assets, which is the best advice the book gave. One of the age old bits of advice that I was taught if it sounds too good to be true it usually is. Another secret this book offers no real secrets. If you do read this book please make sure you read Suze Orman to learn how to safely and successfully build wealth. Maybe the problem with me not liking this book is that I had already read other great authors, taking a few classes and know that there are many paths to building wealth. Each person has to build wealth according to their risk level and real estate although can be very lucrative can also lead to complete ruin. I also took some real estate classes as well. If you do follow his advice know that tax evasion and insider trading are punishable by lengthy jail terms and heavy fines. To save you time and money this is what you will get out of the book invest in money producing assets, reinvest in those assets with your profits, and avoid liabilities as much as possible. Now if you take that advice spend your money on a better book.
Comments