Does anybody actually like the book Rich Dad Poor Dad?

Does anybody actually like the book Rich Dad Poor Dad?

Rental Property Investor · Cleveland Heights, OH · Member since 2017 · 54 posts · 32 votes

The book Rich Dad Poor Dad is frequently sited by people as being a great book for real estate investors and I have no idea why.  I read the book and I found it to be poorly written, incredibly repetitive, lacking anything resembling real advice.  The entire book can be summed up in one sentences:  Investing money is better than spending it all and just about anyone can be an investor.   The rest of the book is just braggadocios statements about the money he has made, bad accounting practices, and a terrible attempt at a narrative involving his friend and his friend's dad.  Not to mention a completely condensing attitude toward his biological father, who while not a particularly savvy investor, did manage to afford him a pretty well-off upbringing that may have influenced his ability  to take the risks that he did in his own life.  I am astonished that the book gets credited with anything except possibly a mild attempt at inspiration.  It has less information than an introductory paragraphs of a personal finance or investing  book.  In my opinion everyone's time would be better spent reading "The Book on Real Estate Investing", visiting the Financial Samurai or Nerd Wallet, or equivalent blogs, or any rags to riches biography.  Please tell me what I'm missing, because in my opinion the book is just awful.

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Investor · Yorba Linda, CA · Member since 2013 · 27 posts · 40 votes
8y

This book is about shifting one's mindset. Yes, it is repetitive but I think that is by design. The concept is simple but really believing in the concept enough to act on it is not easy for many. 

Generations of "workers" believe working 9-5 for someone else's company is the only way to make $$. This book pointed out to many that there is another way. It isn't prescriptive, it isn't an accounting book, and it isn't a real estate book - it is a personal finance, mind shift book that I personally have enjoyed reading (more than once).

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  • Realtor · Concord, NH · Member since 2017 · 48 posts · 30 votes
    8y
    Sorry guys new to BP, commented via app to the wrong post!
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