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Updated over 8 years ago on . Most recent reply

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160
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Dakoda Spencer
  • Investor
  • Short Gap, WV
38
Votes |
160
Posts

Dave Ramsey vs. Rich Dad Inevesting

Dakoda Spencer
  • Investor
  • Short Gap, WV
Posted

Hey BP family. I'm just starting out and want to go over something super basic. I have read "Rich Dad, Poor Dad" (like every other person it seems) and I have also learned a couple things that Dave Ramsey teaches.

Robert Kiyosaki loves debt (good debt), yet Dave Ramsey hates it (all debt). 

I kinda looked at my personal finances with more of a Dave Ramsey outlook, but separately looked at investing with more of a Robert Kiyosaki outlook.

I understand that paying off debt is a good thing, but how much of a good thing is it in REI?

Does anyone have any advice as how they view these two outlooks that are so fundamentally different? 

I see that there was a post on this subject from about 3 years ago, but I would like to revisit the idea.

Thanks for reading! 

-Dakdoa

Most Popular Reply

User Stats

430
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220
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Aaron Howell
  • Real Estate Agent
  • Crozet, VA
220
Votes |
430
Posts
Aaron Howell
  • Real Estate Agent
  • Crozet, VA
Replied

As Robert Kiyosaki often says "Dave Ramsey has great advice if you want to be middle class but if you want to be rich you'll take Rich Dad's advice."    Dave Ramsey is anti-debt which is not the basis for scaling your real estate business.

Dave Ramsey = Middle Class, work 40 years, hope your 401K is there when you retire getting taxed at 40%

Robert Kiyosaki = Upper Class, the rich don't work for money, leverage debt, Savers are Suckers

  • Aaron Howell
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Story House Real Estate
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