Rich Dad Poor Dad

My Thoughts

So, let’s dive into my take on the book “Rich Dad, Poor Dad.” I’m not much of a reader, but after seeing countless recommendations and positive reviews on Amazon, I decided to give it a shot.

I started reading the book, but honestly, it was hard for me to stay focused. To make it easier, I also listened to the audiobook version alongside reading. That helped me get through the entire book. However, I must say that many of the things discussed in the book seemed like common knowledge. There wasn’t much new information that I hadn’t already come across. It’s possible that the ideas in the book have been widely shared in online videos that I watch. Maybe there’s some overlap or similarity between those sources and the author’s ideas.

Overall, I felt that the book lacked practical advice. By the end, I was hoping to find some actionable steps or useful takeaways, but I didn’t come across many. Instead, the author heavily promoted his other books and a costly board game throughout the book. This aspect didn’t sit well with me, as I was looking for more substance and actionable ideas.

However, there were a few insights that stood out to me. The author shared his experiences in real estate and some techniques to minimize tax burdens. I found these parts particularly helpful and highlighted them for future reference. The book also introduced me to the concept of tax lien certificates, which was something new to me. After researching further, I discovered that it’s quite a common tool. I might explore it further or delve into more research on the topic.

In the end, “Rich Dad, Poor Dad” didn’t meet my expectations. Despite its popularity and the positive buzz surrounding it, I felt it lacked practical action items. There were too many sales pitches for the author’s other works and the board game, which took away from the overall value of the book. In retrospect, maybe I set my expectations too high considering the book’s widespread acclaim. After finishing it, I turned to YouTube to see what others had to say, and it seems that my opinion aligns with many others.

I also noticed that the author has a significant presence on YouTube, with small army of channels producing videos and YouTube shorts. Some of these videos use clickbaity titles to attract viewers, which leaves me uncertain about how I feel about them.

Summary

Based on my experience, I wouldn’t recommend reading “Rich Dad, Poor Dad.” Instead, there are YouTube videos out there that can effectively cover the same content in about 15-minutes. I recommend watching a summary video of the book and move onto something else.