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Posted about 7 years ago

Reading Rich Dad, Poor Dad made me realize I have Poor Parents.

Since I started hearing the Bigger Pockets podcast, a little more than a month ago, I've read three real estate investing books. These are: Landlording on autopilot, The book on rental property investing and The book on managing rental properties. Yesterday I felt my empty soul craving for a new book. I went to Amazon and bought the most talked about book on the podcast: Rich dad, poor dad. I've been hooked on it since last night and can definitely relate Robert's poor dad vision of money with my educated parents. 

I had asked myself before why I wasn't taught personal finance at school. It seemed so elementary to teach a subject on a topic that surrounds our lives so much: money. But this is not included in the curriculum. As Kiyosaki says in his book, you learn about money at home. And what did my parents teach me about money? Go to school/college, get master then doctorates and you will find a secure job. Sadly, I don't learn this way nor enjoy working long hours for somebody else. Hence, me reading these type of books to actually LEARN about money.

I remember by dad telling me in a dinner with family that since I wanted to be a real estate investor I should start by buying lottery tickets to see if I got rich quickly. He really doesn't know anything about investing so I can't take it personally. He supports me in anything I do as well as my mother but the idea of investing in real estate makes them cringe. They have PhD's and they're income is as good as they have a job. I don't see myself working at that age trading time for money.

Today is Day 19 of my #100DaysOfRealEstate challenge. I'm waiting to get a respond on an offer I made on a condo that can be bought with FHA. This benefits me because I only need 10k upfront and the property will cashflow when rented very nicely. I wish I learnt about real estate investing sooner but it's better late than never right? Hope money topic is inserted into schools so everybody can have proper financial education! Meanwhile, grab a copy of Rich Dad, Poor Dad and start learning on your own.



Comments (2)

  1. Thanks for sharing! I've always wondered why so little is taught about finances when it really it one of the most important aspects of life, arguably the most important. Good luck on your condo offer and your 100 days challenge. 


    1. We didn't get the condo but we just got accepted an offer on a way better house so thank you for the good luck! I since started making instagram videos about finance in spanish to my fellow puertoricans and it feels great sharing such valuable information. Hope you have a great day and thx for tuning in :)